High Alpha portfolio company launches with $1.5M in seed funding

Local venture studio High Alpha on Thursday announced the launch of its 14th company.

Docket, a software-as-a-service firm, announced the completion of a $1.5 million seed round led by locally based Allos Ventures, with participation from High Alpha Capital, Elevate Ventures and Simon Equity Partners, which is led by Stephen Simon, the son of Indiana Pacers owner Herb Simon.

The funding round closed in late December.

Docket’s meeting management software is designed to help make it simple for users to collaboratively create and share agendas, take notes and share recaps and action-items in one platform, which can be integrated with Google, Microsoft, Zoom, Evernote, Slack, HubSpot and Dropbox.

The firm, which has six employees, plans to use the funding to grow its staff in engineering, marketing and customer service. Company officials expect the staff to double by the end of 2020.

In addition, Docket will continue to invest in upgrades to its software.

Docket co-founder Darin Brown will be CEO. Brown previously served as chief technology officer for Angie’s List and vice president of ExactTarget and Salesforce.

“Docket provides individuals with critical meeting tools to capture information, enable collaboration and manage effective meetings,” Brown said in a written  statement.

Docket already has more than 3,000 people using its software, company officials said. Those are not all paying customers, but users who have created accounts with Docket and are using it to manage their meetings. Docket has a tiered pricing model in which people can start using the product for free at first and then upgrade to the higher tiers as they use the product more and want more advanced features.

“As an operator for more than 25 years, I know how important it is to make the most of every meeting,” said Mark Gramelspacher, entrepreneur in residence at Elevate Ventures. “Almost every company struggles to balance unproductive and productive time spent in meetings. If you are trying to build an impact organization, a productivity solution like Docket can help focus all participants to ensure time is well spent.”

High Alpha, founded by local tech entrepreneurs, partners with entrepreneurs to conceive, launch, and scale new businesses by providing expertise and securing funding. Its portfolio companies include Sigstr, Zylo, Lessonly and Doxly.