Strategic investment from Five Elms Capital comes with new CEO for RFP360
January 16, 2019 | Startland News Staff
A freshly announced strategic growth investment is expected to boost RFP360’s sales, marketing and product development, as well as paving the way for added leadership at the Kansas City-based tech startup.
Financial details of the deal with Five Elms Capital were not disclosed, but the move comes in conjunction with the arrival of former Perceptive Software executive David Lintz at RFP360, a cloud-based RFP software provider previously known as RFP365.
Click here for more about RFP360’s recent rebranding.
“The investment from Five Elms will allow us to develop innovative new technologies to help organizations overcome long-standing challenges,” said Lintz, now RFP360 CEO. “I’m looking forward to working closely with [founders David Hulsen and Stuart Ludlow], and the rest of the RFP360 team as we continue to support our valuable customers.”
Lintz most recently served as chief revenue officer for Tonic Health.
David Hulsen, RFP360
The infusion from Five Elms Capital reflects the investor’s commitment to fast-growing B2B software businesses that users love, the company said in a press release. RFP360 made headlines in 2018 for partnering with such firms as Lockton Companies to deliver streamlined RFPs, requests for information (RFIs), requests for quotations (RFQs), due diligence questionnaires (DDQs), and more to support strategic procurement and bidding processes.
“The RFP process is undergoing a desperately needed digital transformation,” said Hulsen, RFP360 co-founder and COO. “We take pride in offering solutions that address real needs for a large number of organizations.”
Co-founder Ludlow continues to serve as CTO.
Stuart Ludlow, RFP360
Five Elms sees those solutions as disruptive to a market that’s traditionally relied on outdated processes, said Thomas Kershisnik, managing director at the leading growth equity firm.
“RFP360 changes the way companies think about what has historically been a painful process by providing a unique solution that creates a competitive advantage for their customers,” he said. “Their offerings, company culture, and leadership set the stage for continued growth, and we’re very excited to partner with them as they make that journey.”
Offering the only full-circle RFP management solution designed for issuers and responders, RFP360 was selected as one of Startland’s Kansas City Startups to Watch in 2018.
Featured Business
2019 Startups to Watch
stats here
Related Posts on Startland News
Married puppeteers had a hand in reviving iconic Mr. Rogers characters for film; now they’ve returned to KC (with their studio)
Puppeteers are often anonymous, but Spencer Lott — and his wife and business partner, Grace Townley — are stepping into the spotlight to start their own creative studio, they shared. The Lawrence-based couple — who built the puppets used in the Tom Hanks film “A Beautiful Day in the Neighborhood” about the life of TV’s…
Show-Me Honeywell: How this high-security KC tech campus became a one-day classroom for Missouri school leaders
A group of Missouri educators, counselors and administrators took a summer trip across the state to visit notable companies and learn firsthand about relevant career pathways for their students, detailed Brian Crouse. Among the behind-the-scenes looks: a rare glimpse into the work at Honeywell Federal Manufacturing & Technologies, which manages the U.S. Department of Energy’s…
PHKC awards $25K to Alchemy Sandbox winners; It’s amazing when someone understands your vision, founder says
Year one challenges can be difficult for entrepreneurs to swallow, James Thomas noted, but he’s raising a cup to the first anniversary of Brain Freeze Mobile Daiquiri Shop with validation and a splash of funding. Two days after completing The Porter House KC’s fourth small business development cohort and competing in its finale competition, Thomas…
After his eye-catching KCI installation took flight, Willie Cole had 100+ horns leftover; He kept building
Willie Cole didn’t choose to be an artist. It’s always been part of him. “I think I was an artist in a previous life,” said the contemporary American sculptor, printer and perceptual engineer. “When I was 3 years old, my mom found me drawing in the kitchen, and since then, my family always said I…