Mobile App CMS Genwi Raises $2M More
Floodgate and Elevation Partners are investing $2M in equity in Genwi. The Los Altos-based startup had raised $4M last year from Nexus Venture Partners, Inventus Capital Partners and Quest Venture Partners, bringing its total funding to $7.1M.
Genwi is a cloud based CMS where publishers can upload content and Genwi will convert it to make it work on mobile apps. Over 1,500 apps are powered by GENWI including Conde Nast, The Hollywood Reporter, Forbes, and PBS Kids.
The company was founded by Rahul Patel, who was a CEO of Oracle. CO-founder and CEO PJ Gurumohan was CEO for a short stint at kids browser Togetherville.
Pricing for Genwi’s services aren’t cheap. Genwi’s app tools are subscription-based and start at $99 per month for a basic plan that includes building and publishing an Android app, iOS app and an HTML5 Web app. Getting into an iPad-app territory means taking on a “professional plan” and bumps the price up to $499 per month.
One thought on Genwi is that publishers want one CMS for Web and Mobile. At some point Genwi will want to merge with a Web CMS.
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