Intellinetics, Inc. announced that it has received $1.03 million in funding
January 31, 2017
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On January 31, 2017, Intellinetics, Inc. (OTCPK:INLX) closed the transaction. The company has received $158,000 in funding in its final tranche. The company has raised total of $1,025,000 in the transaction. The transaction included participation from 18 investors.
Intellinetics, Inc. is a holding company. The Company is a document services and software solutions company serving both the small-to-medium business and governmental sectors with their digital transformation and process automation initiatives. It operates through two segments: Document Management and Document Conversion. The Document Management segment consists of solutions involving its software platform, allowing customers to capture and manage their documents across operations such as scanned hard-copy documents and digital documents, including those from Microsoft Office 365, digital images, audio, video, and emails. The Document Conversion segment provides assistance to customers as a part of their overall document strategy to convert documents from one medium to another, predominantly paper to digital, including migration to its software solutions, as well as long-term storage and retrieval services. Its flagship software platforms include IntelliCloud, and YellowFolder.