Enterprise Communications Software Socialcast Secures $1.4 million in Series A Funding

Socialcast, a social communication SaaS provider for enterprises, has secured $1.4 million in Series A funding from True Ventures and angel investors. True Ventures led the round with $1 million and angel investors contributed $400,000. Socialcast was a finalist for the 2009 Crunchies Award for "Best Bootstrapped Startup." Om Malik, the founder of tech blogging network GigaOm and venture partner at True Ventures, will be joining Socialcast's board of directors. On Malik joined True Ventures last September. Socialcast is Malik's first investment at True Ventures and his first board appointment as a partner at the VC firm.
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