26 Aug Dallas-Based Theatro Closes $5 Million in Investments with Khosla Ventures
Theatro, Dallas-based startup and pioneer of voice controlled wearable communications devices, announced today that it has closed a $5 million investment from Khosla Ventures in a Series A round. This round brings the total investment in Theatro to $8.8 million. Ben Ling, investment partner at Khosla Ventures, has joined Theatro’s board of directors.
“Improving workforce productivity and customer satisfaction is at the heart of Theatro’s suite of products and is a major challenge for most retailers,” said Ling. “We are excited to work with Theatro during their next phase of growth as they roll out the service to retailers across the nation.”
The company announced the commercial availability of their SaaS offering in December of last year, and has been gaining momentum since then, with an growing list of retail clients and new research and development center in India.
“Hourly employees are one of today’s most valuable workforces, and they could be more effective and productive with innovative technology tools available to them,” said Chris Todd, Theatro CEO. “Ben Ling and Khosla Ventures share our vision of the prominent impact that enhanced enterprise communications can have on mobile workforces by connecting employees to one another while they’re on the job and also to their company’s business information. We are very excited to be teaming with KV as we redefine the future of this important and growing workforce.”