Chekkt

Chekkt was founded in 2012 by the American-Israeli accelerator Valueshine Ventures. Chekkt allows visitors to compare and purchase cloud based software in a variety of SaaS categories. It is also the only marketplace globally that allows early (alpha and beta) stage SaaS developers to publish their products in the marketplace. This is said to allow them to gain vital feedback on the product or service offered.

In 2012, the company received $1.25 million in investment from a number of companies and investors, with the largest coming from Israel Tech Trust.

Background

Chekkt is an Israeli based B2B eCommerce site, which was created by Valueshine Ventures. The company was launched to offer a B2B eCommerce solution. The website aims to bring together online businesses, entrepreneurs, startups and high tech companies.

After the company was founded, it aimed to help businesses find the right software solution, due to the number of SaaS solutions available to small businesses. The marketplace gives its visitors a rundown of options for the growing number of solutions available. This includes accounting services, online campaign management solutions, analytics and other services. The marketplace aims to offer a complete list of services ideal for those who don’t know which best fits their need.

At the time of the company’s foundation, Ori Manor who is currently the company CEO, explained that Chekkt’s solution enables companies of any size to purchase cloud based software relevant to their business needs in an easy and convenient fashion, “Our clientele are Internet companies who sell or buy SaaS products of various types and we actually accompany them along their journey, starting from product browsing, feature analysis, product comparisons and on through to their purchase.“

Soon after the company’s foundation, they had registered over 1000 vendors to their site. In October 2013, the website announced that they will become the first platform to allow early (alpha and beta) stage SaaS developers to publish their products in the marketplace, effectively enabling them to gain initial exposure, receive important feedback, and attract early adopters.

Investment

The marketplace’s initial development, it received investment of $1.25 million. The round of investment came soon after the company was founded and was led by the San Diego VC firm, Israel Tech Trust. The San Diego based company was responsible for around $1 million of the total investment. The remaining amount of investment came from Pikadon Tech, Wingate Ventures, Nicholas Pariente’s Broadway Partners and ValueShine Ventures private Israeli investor Emilio Memun.