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
Top 10 remaining GEW events: Midwest funding, women startup leaders, social media marketing
Nearing the midpoint of Global Entrepreneurship Week, snowy weather turned to sunny skies — welcoming entrepreneurs and curious citizens alike to a wide range of activities rounding out the week. Wednesday is expected to feature some of the week’s most popular workshops and panels, according to KCSourceLink data, with three of the leading events running…
VIDEO: Education startups earn $60K in LEANLAB grants at revamped Launch[ED] Day
The work doesn’t end with LEANLAB Education’s Launch[ED] Day celebration, said Katie Boody. Four of the accelerator’s fellows will continue their startups’ research thanks to $60,000 in grant investments. The entrepreneur-led education ventures took the stage Thursday to pitch their companies to the Launch[ED] crowd at Plexpod Westport Commons, as well as to describe the…
VIDEO: Kritiq designs more emotional KC runway show with Goodwill crossover
When the Kritiq fashion show returns to the runway later this month, it will be an event styled with creativity and an intimate feel, said Mark Launiu, noting a new partnership with Goodwill stores across Kansas and Missouri. “For me, I grew up shopping at Goodwill, my family still shops at Goodwill, so it kind…
Against the grain: Coworking leader bringing alcohol-free ‘Sans Bar’ pop-up concept to KC
Entrepreneur events should focus less on alcohol, and more on connections, said Melissa Saubers. “Part of my goal is to help educate and bring awareness to people who are hosting events — and also have alcohol in the workplace — to help them be more sensitive and inclusive for people who don’t drink,” said Saubers,…