Editor’s note: Startup Spotlight is a regular feature in WRAL TechWire and is part of our Startup Monday lineup which includes commentary from Joe Procopio. updates and features as part of our exclusive Startup Guide, calendars of events, our weekly Meetups list and our Startup Rewind – a recap of last week’s headlines.
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DURHAM – Stashpad, a graduate of Techstars Anywhere whose founders found Durham and relocated in 2021, now has an investor that is focused only on Triangle-area companies.
The company, founded by Cara Borenstein and Theo Marin, announced an investment from the Triangle Tweener Fund.
The announcement of the investment coincides with the release of the company’s scratchpad product for software developers.
In 2019, Borenstein and Marin launched the company as Bytebase.io, working to build a “better wiki for software engineering teams.”
But during customer discovery, a process that the company statement noted came during interviews with hundreds of developers, Borenstein and Marin decided to focus on a different product, the scratchpad.
“The scratchpad is where the bulk of developer work starts,” the statement reads. “And yet, for most of us, our scratchpad consists of a jumble of sticky notes, random text files, scraps of paper, and messages to yourself.”
This leads, at best, to disorder and inefficiency, and at worst, a perpetual state of chaos.
The product is now available to download publicly, on MacOS, Windows, or Linux.
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Investment from the Triangle Tweener Fund
The firm has grown beyond the founding team, now based in the American Underground, with a team of eight, according to the statement.
Stashpad, back when the company name was Bytebase, landed on the Triangle Tweener List, a list of 251 technology startups compiled by Triangle serial entrepreneur and the founder of the Triangle Tweener Fund Scot Wingo, in the most recent edition, which tracked firm’s growth trajectories during the calendar year of 2021.
The Triangle Tweener Fund launched in December 2021 with Wingo as the sole general partner and added another Triangle-based serial entrepreneur, Robbie Allen, as a general partner in July.
Details of the investment were not disclosed.
