Tomfoolery builds mobile-first, consumer-driven enterprise apps that apply consumer aesthetics and functionality to workplace productivity. Its products emphasize slick interfaces and images, an API to link out to other services, security features, and work-network concepts as core functionality. The company has a six-person team based in Silicon Valley drawn from ex-Yahoo and ex-AOL executives, including co-founder and CPO Sol Lipman and CEO Kakul Srivastava. Tomfoolery plans to release its first app in Q2 and will use its seed funding to expand the team and develop additional apps. The startup raised a seed round that was oversubscribed; no operating metrics or revenues were disclosed in the article. Founders discussed potential monetization options such as per-user licenses or paid extra functionality (security, storage, integrations) but did not commit to a specific business model.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2013