KC angels pile in with $2.74M funding raise for Matt Watson’s Stackify
January 23, 2019 | Austin Barnes
A team of six local angel investors has pushed Kansas City-sourced Stackify past the $2 million mark in the company’s latest funding raise, Matt Watson announced Wednesday.
“We are using the funds to continue our aggressive growth plans,” Watson, founder and CEO, said of the raise.
Uploaded onto the startup scene in 2012, Stackify has become a leading solution for developers — providing them with a cache of tools that accelerate app performance, he explained.
Matt Watson’s previous startup, VinSolutions, was acquired for $150 million in 2012. Click here to read more about his entrepreneurial endeavors.
A bridge to a Series B funding round, the convertible note gives Stackify access to a total of $2,740,000 in capital and saw three new investors cut a deal with the company, Watson said.
“We are currently hiring several new employees for sales and marketing to continue accelerating our growth,” he said. “In 2018, we dramatically expanded our product development team and have built out some amazing products.”
Check out current job openings in Kansas City’s startup ecosystem here.
Watson anticipates the planned Series B funding round to be even more significant, positioning Stackify to grow rapidly, he said.
“Our goal is to grow revenues over 100 percent in 2019,” Watson said. “We have 1,000 paying customers all across the world.”
In addition to raising capital, much of 2019 will be focused on sales growth, he said.
2019 Startups to Watch
stats here
Related Posts on Startland News
Entrepreneur, startup advocate becomes new KC Chamber chair
A prominent Kansas City entrepreneur with some serious startup chops is now serving as the new chair of the Greater Kansas City Chamber of Commerce. Matt Condon, CEO of Bardavon Health Innovations and ARC Physical Therapy, was unanimously voted to serve at the helm of the chamber’s board of directors as its chairman. Condon, 42,…
Video: Healthy workplace culture begins with intention, communication
Editor’s note: This content was sponsored by Mid-Continent Public Library but independently produced by Startland News. Creating a healthy workplace culture must be done early and with intention, said Adrienne Haynes and Dwayne Lewis. To help startups develop a strategic human resource plan, Haynes, managing partner of SEED Law, and Dwayne Lewis, president of Lewis…
From Google to KC, Beth Ellyn McClendon’s advice to startups: Test everything
Don’t fall in love with an idea, Beth Ellyn McClendon said. “Test everything, especially your assumptions, and allow yourself to be persuaded by data,” said McClendon, a seed investor who formerly worked with Google, Android, YouTube, Cisco and Netscape. “Try to remember — tattoo it on your eyelids if you have to – anecdotes are not…
Bodyrite duo cooks meal prep into personal training concept
Don’t just go with the flow at a traditional gym, Jamil Nelson said. Go with Flo. “Treadmills and ellipticals are pretty archaic to us,” said Nelson — or “Mr. Bodyrite” to his wife, Florese. “A jump rope is way better because it’s going to blow up your heart rate.” Modern workouts are all about functional,…