IndyRIOT raises a $3M SEED round to help communities take ownership of their own data
The round was led by Spintop Ventures, in syndication with Lyse Vekst and a number of high-profile investment firms and angels.
September 27th 2021, Oslo:
Today, indyRIOT – the self proclaimed game changer in community platforms – announces it has raised $3M in an oversubscribed seed funding round. In addition to Spintop Ventures and Lyse Vekst, the round included investors like Tomorrow Today, who led the previous early seed round.
Two of Norway’s highest profiled founders, Kimberly Larsen and Lasse Andresen, have joined forces to create a contender for the big tech. indyRIOT offers a turnkey Community and Networking Solution that provides complete functionality out-of-the-box. It is white-labeled software as a service (SaaS) that enables clients to fast launch their own fully branded, independent community.
It doesn’t mean you can’t bootstrap off another network, but ultimately,
It’s your community – Own it!
indyRIOT was co-founded in 2020 by Kimberly Larsen, an award winning serial entrepreneur with extensive knowledge on the future of communities & future of work, as well as building and scaling marketplaces. Together with Lasse Andresen, ex-CTO of Sun Microsystems, the founder & ex-CEO / CTO of ForgeRock , incidentally just listed on the New York Stock Exchange under the ticker symbol ”FORG”.
They’ve made building communities, while owning your own data, easy with their SaaS-business -indyRIOT.
Quotes from founders
“We want to enable enterprises and brands to own their own communities. Most companies simply do not have the time or resources it takes to build their own DIY solution and are left behind in a jungle of separate legacy systems and communication channels. This is a bold move in the direction where we, and future generations to come, can re-own our own identity online”
– Kimberly Larsen, Co-Founder & CEO
“When social media took over the world we thought that the distance between community based brands such as sports clubs, business clusters, entertainment etc. and their followers would shrink, but the fact is that it has grown. We want brands to own their own communities”
– Lasse Andresen, Co-Founder & CTO
“We are currently in meetings with some of the world’s most exciting brands in sports and entertainment. Now we are going to rapidly expand our team across the board and I can’t tell you how much we are looking forward to the months ahead!”
“I’ve learned so much from my adventure with ForgeRock and when I met Kimberly I just knew I had to start something again. Her drive and determination inspired me to make the leap and start doing what I love again, building cutting edge tech companies.”
”Spintop is excited to lead the seed round to support Kimberly, Lasse and the rest of the IndyRIOT team. IndyRIOT is on a mission to fundamentally change digital communities placing the integrity of the individual and the community at the center. At Spintop we love digital disruption and we want to be part of making the digital world a better place. This is what IndyRIOT is about.”
– Finn Persson and Sami Niemi, Partners at Spintop Ventures
“We have great faith in the business idea and the people behind indyRIOT and look forward to participating in the further development of the company”
– CEO Eirik Børve Monsen in Lyse Vekst
“The riot squad are riding high, and even higher after Lasses thunderbolt IPO on his «old» company. With all the acquired knowledge, who knows where this will end!”
– Bjarne Melbye, CEO Tomorrow Today
indyRIOT, founded in 2020, offers a turnkey Community and Networking Solution (read: nothing like any community and networking solution you’ve seen before). It is a white-labeled SaaS system, with complete functionality out of the box, which enables our clients to quickly launch their own, fully branded, independent community platform, take full ownership of their crowd, and replace heaps of other systems.
With a vision of building the social 3.0 transparent and with trust, the company has experienced fast growth with leading community building customers.
indyRIOT is located in Oslo, Stavanger, London, and San Francisco, and is scaling up fast!
For more information: https://indyriot.com/