May 3, 2012|Kathleen Gallagher, Milwaukee Journal Sentinel
An Elm Grove aggregation that offers online accent acquirements for accouchement said Wednesday it has aloft $300,000 of allotment from angel investors.
SpeechTails Inc. aloft the money from Angels on the Water Fund and alone angel investors beforehand this year, said Patrick Walters, the company’s arch controlling administrator and an broker in the company.
The accord represents the aboriginal advance for the recently-started Angels on the Water Fund, which is led by Al Hartman, above University of Wisconsin-Oshkosh business academy dean.
Angels on the Water Fund was admiring by the ample abeyant bazaar for SpeechTails’ articles and the adeptness of the business archetypal to grow, Hartman said.
“There are 20 actor kids who charge accent analysis and alone 50,000 to 60,000 accent therapists who assignment with kids,” said Amy Reno, the company’s architect and president.
SpeechTails’ “very innovative” abstraction for online accent acquirements gives the aggregation the abeyant to ability abounding added kids after spending incrementally abounding added dollars, said Al Zeise, a DePere administrator who active ZyQuest Ventures and ZyQuest Inc., an advice technology casework company.
ZyQuest Ventures contributed some of the funding, and as allotment of its advance is accouterment software development casework to the company.
SpeechTails is application the money it aloft to enhance its articles and ster business and sales, Walters said. The money was invested in the anatomy of debt that will catechumen to disinterestedness back the aggregation raises added funding, he said.
SpeechTails helps parents with aboriginal apprehension of accent issues through a chargeless website appraisal parents can booty with their children. Then it helps parents, educators and professionals bear a set of casework to administer and actual issues.
If they accept to use the company’s services, barter pay $25 a ages for absolute admission to fun, agreeable lessons, aperture exercises, appointment and circadian activities, Reno said.
SpeechTails is alive on developing a brandable adaptation of its software that able accent therapists could use for almanac befitting and caseload management, Reno said. The aggregation is additionally developing addition artefact to advice academy systems administer the accent needs of all of their students, she said.
SpeechTails won additional abode in the advice technology class in the 2011 Wisconsin Governor’s Business Plan Contest.
Walters is a above controlling at Saris Cycling Group in Madison. Before that, he started four angel-backed companies in Ohio and Wisconsin, he said. Reno ahead had a clandestine accent analysis convenance in Elm Grove.
The Angels on the Water Fund has about $1 actor of commitments and is planning to add to that, Hartman said.
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