Spool Raises $1 Million In Seed Funding

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Palo Alto: Palo Alto-based app and browser extension developer, Spool has raised $ 1 million in seed funding. The round saw the participation of SVAngel, Felicis Ventures, Start Fund, Charles River Ventures, Vivi Nevo, Steve Chen, Elad Gil, Deep Nishar, Kevin Donahue, Joe Lonsdale, Bill Lohse, David King Nils Johnson, Matt Ocko, and Raymond Tonsing. The company plans to use the funds to continue building their product, upgrade the infrastructure, and support their team.

Talking about the VC interest in the company, Avichal Garg, Founder & CEO, Spool says, “We are very fortunate to have lots of interest. Both Curtis and I have previously started and successfully sold a company, we have several patents pending for our technology, and an exceptional team of engineers.”

The company labels itself as a hybrid between Dropbox and Google+. Spool was founded in November 2010 by Avichal Garg and Curtis Spencer. The founding team also includes Daniel Witte, Christine Tieu, Chandra Patni, and Aditya Koowal. Spool is a personal internet recorder and enables users to view their favorite media on any device, at any time, regardless of being online or offline, and without worrying about the file formats or platforms.

Prior to founding Spool, Garg was the Co-Founder and CTO at PrepMe, and the Product Manager at Google. He did his M.S. in Management Science and Engineering and B.S. in Computer Science from Stanford University.

“We see a global demand for our product and millions of potential users, spool is a tool to manage media across multiple devices and is a means to consumer Internet content even of your mobile data connection is unreliable or if you use a mobile phone with WiFi only. In both the cases, we enable a user to cache content on a device and if you have multiple devices to easily move Internet content between devices,” says Garg.

The company currently has seven employees. Spool’s target audience is anyone who has a mobile phone and wants easy access to their content. “Today Spool makes it easy to save the content you designate, in the future, we will be able to predict the content you want and have it available for you on your device, without you having to request it,” adds Garg.