Thanks To A Grant From Montana, Submittable Has Now Raised $1M+ For Submission Management

When I first wrote about Y Combinator-backed startup Submittable http://www.submittable.com/ in 2012, the company said it had raised $450,000 in funding. Submittable has continued raising since then, and with a recent $100,000 grant from the state of Montana, the total is now more than $1 million.

Compared to some of the other fundings we cover here at TechCrunch, that might not seem enormously impressive, but keep in mind that Submittable isn’t based in Silicon Valley or New York or Los Angeles. Instead, it was founded and remains headquartered in Missoula, Montana, and according to co-founder Michael FitzGerald, it’s profitable.

The source of its most recent funding is unusual, too — FitzGerald said it comes from a state trust fund http://leg.mt.gov/bills/mca/17/5/17-5-703.htm of money from the coal industry, which is supposed to create tech jobs and keep them in Montana.

Full Story: http://techcrunch.com/2014/04/01/submittable-1-million/