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
Deep Rooted plants new store at busy Troost shopping hub; Here’s how the streetwear brand is growing
A Kansas City streetwear brand is extending its roots on the city’s east side, said owner Donnell Jamison. Deep Rooted — which Jamison launched in 2018 out of the trunk of his car — has a new home in the shopping center at Troost Avenue and Emanuel Cleaver Boulevard. “We just want to be that…
‘More than a thrift store’: Goodwill’s efforts to close digital divide sell an expanded mission — upskilling workers
Editor’s note: The following is the first in a series of stories focused on digital inclusion efforts in Kansas City, and is presented by Google Fiber. Ron Carr’s retirement made him restless, he shared. Wanting to be a valuable player in Kansas City’s economy once again, Carr enrolled in Goodwill’s Digital Skills Training program. “With…
Thrive Homes builds ‘life-changing’ independence for those struggling with mobility, aging in place
The impact of Thrive Homes is as simple as it is profound, said Christian Hill, whose startup taps into state and federal health funds to provide timely home modifications for residents with disabilities and accessibility issues. The Overland Park-based company makes it possible for people with certain health conditions — and those who are experiencing…
She started by getting Black art into Black spaces; now Natasha Ria El-Scari wants all of KC to know what they’ve been missing
A Renaissance woman, Natasha Ria El-Scari — gallerist, curator, poet, spoken word performer, educator, and life coach — has surrounded herself with art throughout her life. However, as the Kansas City native watched her hometown’s art scene flourish and thrive, she noticed not everyone was included. “As the city started to change, and the Crossroads…