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
Zenernet defying the status quo, taking on industry giants with OP-fueled solar startup
Overland Park-based Zenernet is soaking in renewed interest in solar, powering its push to become an industry player on the national stage, said JP Gerken. “The growth potential [for solar] is endless,” said Gerken, founder of solar power service provider Zenernet. “I think we’ve barely scratched the surface on what the potential is with residential…
Wesley Hamilton, Crossfit partner on gym space flexing adaptive athletes alongside able-bodied peers
A first-of-its-kind, all-inclusive gym is emerging to reshape what fitness feels like for adaptive athletes, said Wesley Hamilton. “This vision of what we’re about to create here at Crossfit Memorial Hill is magnificent,” said Hamilton, founder and executive director of Kansas City-based nonprofit the Disabled But Not Really Foundation (DBNR), which partnered with the local…
With final flourishes under way, Plexpod River Market opening expected within weeks
Plexpod River Market might be weeks away from opening, but the coworking community’s new location on the KC Streetcar line already is sparking interest among startups, said Gerald Smith. “Magic happens when these entrepreneurs have a platform where they can connect — that’s where sparks fly,” said Smith, co-founder of Plexpod. “The more we can…
How ‘compassion fatigue’ led a TV journalist to bring Healium VR therapy to market
Distress calls poured over the newsroom scanner near Sarah Hill’s desk, day in and day out for 20 years. Each one seemingly growing darker than the last, she recalled. “I was a television journalist. … You have to cover a lot of trauma and a lot of really bad stuff,” said Hill, founder of Healium…