Jorsek, a provider of knowledge management software for the technical documentation market, has raised $2.7 million in funding led by Armory Square Ventures, along with participation from Greycroft and Drake Ventures. The investment – Greycroft’s first in an upstatestartup – reflects the growing power of the region as a technology hub. The round will enable Jorsek to ramp up sales and marketing to help more companies solve the painful process of publishing and managing large volumes of technical content.
“We are thrilled to support the Jorsek team and collaborate with CEO Patrick Bosek and CTO Casey Jordan,” said Somak Chattopadhyay, founder and managing partner of ASV. “Patrick is a very strong operator who brings a unique combination of engineering, technical and sales skills. Casey is a highly talented CTO and has built a world-class engineering team. With Jorsek, we saw a golden opportunity to advance a cloud solution that turns unstructured knowledge into structured content, and aids large enterprises by streamlining the update and technical writing processes. Jorsek also has strong recurring revenues and solid unit economics. The investment will supercharge its growth.” Chattopadhyay joins Jorsek’s board of directors as part of this round.
Jorsek software allows companies to publish and manage large, fluid volumes of technical information that companies need to share in real-time with large groups of employees and customers. Employees can collaborate on files using a single authoring tool that automatically reformats content into multiple channels, such as websites, PDFs, print, email, and e-books. Jorsek’s cloud-based tools are delivered in a subscription model online, supporting some of the largest technical documentations in the world for leading companies such as Allstate, Analog Devices, F5, NetApp, and Kyocera. In the past few years, Jorsek’s revenue has grown nearly 300%. The investment marks the company’s first round of institutional capital.
Will Szczerbiak, a Principal at Greycroft who oversees the investment in Jorsek, said the company has a unique opportunity to lead the growing category of collaboration software for technical documentation.
“Jorsek has a deep product and bunch of great early customers. Now it just needs to scale,” he said. “Jorsek can become a true system of record for this type of content. We hope to help accelerate things on that front because doing so can unlock the venture scale potential of the opportunity.”
Founded in 2005, Jorsek is based in Rochesterand Krakow, Poland.