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.
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