Submittable is asserting that it has raised $10 million in Collection B funding.
When I first wrote in regards to the firm in 2012, it was targeted on serving to literary magazines handle their submissions — helpful, however possibly not the sort of factor that enterprise capitalists write huge checks for.
Since then, Submittable raised a $5 million Collection A and expanded by serving to firms in a lot of industries handle their submissions and functions. Co-founder and CEO Michael FitzGerald mentioned the corporate has constructed merchandise for 4 essential verticals (company, educational, philanthropy and publishing) and has signed up huge prospects like AT&T, HBO, Conde Nast, Harvard and MIT.
And whereas publishing might not be the primary focus, FitzGerald — a broadcast novelist himself — famous that “within the publishing world, we’re just about the best way you do it.” I’ve actually been seeing extra Submittable submissions pages, (though FitzGerald acknowledged that the service hasn’t fairly taken maintain amongst science fiction magazines).
He additionally mentioned the product has been getting more and more refined, for instance, permitting a writer to assessment and rank submissions based mostly on very particular qualities like sentence construction and voice.
Apart from increasing into further verticals and launching on cell, considered one of FitzGerald’s essential targets it to create what he referred to as “ZipRecruiter for Alternatives,” a market that makes use of Submittable knowledge to attach people and organizations that appear like an excellent match, whether or not they’re writers and magazines, scholarships and college students or every other pairing for “any alternative that isn’t a job.”
Submittable relies in Missoula, Mont., and the spherical was led by Subsequent Coast Ventures, a agency that invests in startups exterior the large coastal tech hubs. (Earlier traders True Ventures and Subsequent Frontier additionally participated.) Subsequent Coast co-founder and managing director Michael Smerklo is becoming a member of the startup’s board of administrators.
“Submittable is an ideal instance of what’s attainable exterior Silicon Valley,” Smerklo mentioned in an announcement. “The platform is modernizing the customarily painful endeavor of managing the submission course of and leveraging that knowledge for real alternative creation.”
FitzGerald (who’s spoken elsewhere about his expertise working as a startup CEO whereas additionally dealing with a Stage four most cancers prognosis) mentioned the plan is to develop the Submittable staff from 88 to 240 folks by the top of 2020. He acknowledged that the situation has created some challenges in hiring, significantly with regards to skilled executives, however he mentioned he’s been assisted by the truth that ClassPass and OnxMaps have additionally opened workplaces in Missoula.
Plus, he mentioned that one of the vital efficient techniques includes looking LinkedIn for executives who went to highschool in Missoula between 1985 and 2000: “Everyone seems to be in search of a method dwelling.”