Chargify Gets Cuban Investment
Chargify, the recurring billing software from the Needham, MA-based Grashopper Group, said yesterday on its blog that it had inked an investment from Mark Cuban, the owner of 2011 NBA champions the Dallas Mavericks. Grasshopper Group formed in 2009 as a spinout of Grasshopper—a developer of virtual phone systems for startups—to create products such as Chargify and Spreadable, a word-of-mouth marketing application that Grasshopper Group shut down this year. Grasshopper also announced yesterday in a separate blog post that it will be dialing down the business arm for spinning out new products, and will instead focus on its original phone technology.
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