Russian startup yaM Labs attracted $500,000 from Foresight Ventures, a Russian venture fund. yaM is a SaaS application supporting meetings at all stages – from planning to results. The application can be used for any type of meeting, either face-to-face, telephone call, telephone conference or video conference and for any type of user, from individuals to corporations.
yaM Labs says it will use the new funding to accelerate product integrations with the iPad and other tablets, Google App Marketplace, Yammer, and Jive Networks. Additionally, money will be spent on marketing the application in the US.
“Two powerful concepts intersect in this project: Software as a Service (SaaS) and online collaboration. Those are two ingredients for a successful company. On one side, online collaboration has been a buzzword for a long time but nowadays with the mass adoption of social web tools, from Facebook to Doodle to Twitter, users are casino online better prepared for adopting online collaboration tools in their enterprises. Combine it with a SaaS business model that lowers barriers to prospective customers by offering free trials and low monthly charges without the hassle of cumbersome on-site deployments and its associated costs, and you have a winner,” said Oscar Farres, Associate at Debaeque Venture Capital.
yaM, which stands for Yet Another Meeting, was launched in December 2009.
Foresight Venture is a Russian fund specializing in IT and high-tech projects in the seed- and early- stages.
