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Mobile survey provider On The Spot Systems Inc. has raised $750,000 in a seed funding round that will allow it to expand further into the food service market, the company said in a release.
The seed round came from Waltham firm Kepha Partners, Angel Street Capital of Providence, R.I., and strategic investor Mike Sheehan. In addition to expanding it presence in food services, the new funds will let Newton-based On The Spot Systems go after other sectors such as retail, healthcare and service organizations, the release noted.
Specifically, the new funds will go toward adding staff, in the engineering, sales and marketing and customer support areas.
Founded in 2009 by president Ken Kimmel and CEO Geoff Palmer, On The Spot Systems also reported that it has added Scott Savitz, founder and former CEO of footwear retailer ShoeBuy as an advisor. Palmer was a co-founder of uLocate Inc., now known as WHERE Inc., which was acquired by the PayPal unit of eBay in April 2011. Kimmel is the former chief marketing officer of Dunkin’ Donuts.
In January 2010, On The Spot Systems was profiled as a Mass High Tech “Startup Watch: Five you should follow” company.
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