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Provident Capital Partners Leads Second Seed Round of $850,000 for Contap Social
[June 26, 2018]

Provident Capital Partners Leads Second Seed Round of $850,000 for Contap Social


BOSTON and PHILADELPHIA, June 26, 2018 /PRNewswire/ -- Contap Social (Contap), the leading networking and event organizing app, announced it closed a second seed round and has entered into an exclusive partnership with Network After Work, the world's largest networking organization. Contap's funding round and new partnership will bolster its mobile app relaunch in the Google Play and Apple app stores in July 2018. Boston-based Provident Capital Partners led the round of financing and made a significant direct investment in Contap.

Contap was created to allow digitally-savvy Millennials to customize what information they share with new friends and colleagues, without the burden of carrying and exchanging business cards. Users open the app and nearby Contap users will appear. With just a few taps, users can share contact information —even if their new connection does not have Contap.

The CEO and Founder of Contap, Jason Craparo, ran with the idea of a customizable relationship management tool. "I realized that whenever I met someone new, I didn't always want to share the same set of contact information. I wanted to customize what I shared with whom: personal cell phone, personal email address and Facebook for a new friend, but a professional email address, LinkedIn and Twitter for a new professional contact."

Contap fills the market gap for a comprehensive solution combining contact management, document sharing, digital "business cards," social media aggregators, and event organizing.

"Contap is excited to have closed our second seed round and we are looking forward to putting these funds to good use," said Jason. "We'll have the opportunity to invest significantly in our partnership with Network After Work, which hosts thousands of events around the country each year. Ensuring we have the technology and marketing to support this key strategic partner is a top priority."

"We are excited about our investment in Contap, which makes us the largest outside shareholder in the company. This unique app truly fills the need for customizable, electronic information sharing for both professional and social encounters," notes Robert Ciardi, Managing Partner at Provident Capital Partners.

About Contap Social
Contap is a suite of two products—event organizing and networking—that work together in one fun, easy to use app. While Contap Social Events makes it easy to organize events that enhance the attendee and sponsor experience through push notifications and detailed event performance analytics, the networking product makes it easier for event attendees to swap information and documents any time. Contap integrates with Meetup, Eventbrite, DropBox, and several popular CRMs. Discover us for free today at www.contapsocial.com or in the Google Play or Apple App stores.

About Provident Capital Partners
Provident Capital Partners is an opportunistic, value add single family office investing its own funds primarily in early-stage companies across all sectors of the economy.





Contact:

Provident Capital Partners


Gina Casiello


877-742-9800


 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/provident-capital-partners-leads-second-seed-round-of-850-000-for-contap-social-300671771.html

SOURCE Provident Capital Partners


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