San Francisco: DoubleDutch that makes mobile, cloud-based, geosocial applications for events and enterprises workgroups has raised $2 million in its first institutional venture capital funding from Bullpen Capital, Mike Maples Jr.’s Floodgate Fund, Mint.com founder Aaron Patzer and YouTube co-founder Jawed Karim.

Founded in 2010 by Pankaj Prasad and Lawrence Coburn, DoubleDutch mobile apps helps the users to seamlessly share work activities on an interactive mobile platform. Some of the clientele includes UBM, Hewlett-Packard, IDG, Cisco Systems, Adobe, and several others. The company helps them to tap into mobile, social functionality to boost productivity and create radical transparency across every line of business. Currently the company is 15 employee strong and looking to grow to 20.

"Our investors share a common belief with us that while the social space is saturated with marginally beneficial app technology the enterprise or work space has almost none.  People spend 8-10 hours a day at work and when they look at their phone their is literally nothing aside from email for them to accomplish anything. We are looking to take the money invested in us and aggressively expand our team.  We believe that our products are differentiated by the amazing experience of the people we have on staff and we want to bolster that," said Pankay Prasad, CEO, Co-founder, DoubleDutch.

Prasad is also the in charge of the company’s business development. Prior to this, he was the Account Manager at Cisco, Global Systems Engineer at Cisco, and Founder and CTO at Matcheroo. He holds a BS in Computer Systems Engineer from Boston University.

Talking about the market size of the company, Prasad adds, "We believe that just as SAAS completely disrupted boxed software providers of yester-years, mobile technology will do the same for web-based software.  If you look at the CRM market alone, thats $32 Billion."

As part of the deal, Bullpen Capital’s Duncan Davidson joined DoubleDutch’s board. Prior to this, the company has raised a seed round of funding of $1.2 million from several investors. Till date, the company has raised a total of $3.4 million in funding.