Backed by Facebook Co-founder, Quilt Leverages Teen Texting Habits to Launch Realtime Social App

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Raises $500,000 round from Andrew McCollum & Energent Ventures

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A study of users Quilting their vacations showed that each member on average posted 600% more content to Quilt than to Facebook, and that texting rates dropped significantly during that same period.

Quilt™ (http://www.Qui.lt) announced today the launch of its new real-time mobile sharing application and the closing of a seed stage round totaling $500,000 led by Energent Ventures, with investors including Facebook Co-founder Andrew McCollum, David Whitney, Randy Scott and a group of angel investors from Boston to San Francisco.

Perfect for documenting life’s important moments and closest relationships, Quilt translates shared real-world experiences into automagically created scrapbooks that are built and curated by its users in real-time.

“Quilt is delivering a fundamentally new way to create, share, and relive the experiences of our lives,” said Andrew McCollum, Quilt investor and advisor.

Any number of Quilts can be created to archive experiences, friendships or family history. Members collaboratively build Quilts by contributing memorable quotes, check-ins, photos, and more to a Quilt in real-time. Once a Quilt is complete — 3 hours, 3 days, or even 3 years later — users can relive their experiences in beautiful high-resolution on larger format devices, like tablets and laptops.

“Quilt provides a unique outlet for a digitally connected generation of young adults,” said Austin Cooley, Co-founder and CEO. “According to a recent Pew Research Institute study, this is a generation that texts more than 5600 times a month. They are more than comfortable texting and Publishing status updates in person around friends and family.

“But this behavior is tolerated, not embraced. At Quilt, we set out to give this new generation of users an app experience that encourages and facilitates this real-time interaction, but benefits the group, not just the individual. The result is engagement levels that far outpace those found in traditional social networks.

“A study of users Quilting their vacations showed that each member on average posted 600% more content to Quilt than to Facebook, and that texting rates dropped significantly during that same period."

The flexible privacy options in Quilt also compliment how users interact with Facebook and Twitter. While each Quilt is private by default, content may also be shared out to social networks if and when it makes sense.

The Quilt app is available for free on the Apple App Store on iPhone and iPod Touch or at iTunes and on Android devices in the Google Play Store.

About Quilt
Quilt is a realtime digital scrapbook built by close family and friends. Perfect for documenting all of life's important moments, from graduation parties and family reunions to best friend road trips and family vacations. Quilt translates shared real-world experiences into automagically created scrapbooks. The company is headquartered in San Francisco and was founded by Austin Cooley, Niko Cunningham and Shane Mooney. Investors include Facebook Co-founder Andrew McCollum, David Whitney, Randy Scott and a group of angel investors from Boston to San Francisco.. Advisors include Andrew McCollum, Tim Van Damme, Brady Brim-DeForest and Josh Greenberg.

Learn more about Quilt at http://www.Qui.lt or the Quilt blog (blog.qui.lt) and follow us on Twitter @quilt and Facebook at http://www.facebook.com/quiltapp.

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Nikki Ezelle
Quilt
7277715189
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Austin Cooley
Quilt
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