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Venture Capital News: WeDo Announces $1M Seed Round

2016-07-21
LOS ANGELES, CA, WeDo, the first truly social to do list app, launches publicly today after raising $1M from angel investors.
WeDo has been in private beta since May and has 18,000 signups to date. The app is particularly sticky, with active users daily logging in daily and super users returning up to 28 times a day.

Created by 21-year-old award-winning Mac developer Spencer Shulem and tech entrepreneur Raad Mobrem, the WeDo app enables users to track and complete tasks, receive intelligent reminders, create 'Spaces' to work with multiple sets of people, and message others all from within the app.

After selling his software company Lettuce to Intuit in 2014, Raad was looking for a new problem to solve. An investor encouraged him to meet a young entrepreneur with the potential to do great things. 'Within minutes of meeting Spencer, I knew he was different,' says Mobrem.

Spencer shared an idea for a to do list app that would help small businesses track employees' productivity. As they talked, Spencer revealed that he suffered from ADHD since he was young, and to do lists were critical in helping him focus. Meanwhile, Raad had tried every to do list app on the market, and none of them succeeded in increasing his productivity long term.

Together they developed a new idea: a universal to do list app that was simple, beautiful, and focused on helping groups get things done together. By building a product that mimics how we deal with tasks in the real world, they created a platform simple enough for personal use, but robust enough for small businesses.

'Our goal is to enable our users to get more done as efficiently as possible and based on our customers' feedback so far, WeDo has helped them increase their productivity immensely,' says Shulem.

'Customers have shared how much the communication function is helping them collaborate,' adds Mobrem. 'Our superusers include families, roommates and wedding parties who are using the product to manage their tasks together.'

Based in Los Angeles, WeDo is currently available for download in the iOS App Store.

About WeDo:
WeDo is the first truly social to do list app, enabling you and the people in your life to get more done, together. You and your 'Space' can quickly add tasks, get smart reminders, invite others to work with you and message with those people all within the app. The simple UI enables users to work lightning fast, while tracking and completing tasks is a breeze. WeDo helps you and the people in your life to get more done, together. For more info visit www.wedo.com.
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