One of KC’s top small businesses markets explosive growth into new key investor: former Mobank CEO

June 30, 2021  |  Startland News Staff

Grant Burcham and Melea McRae, Crux KC

On the heels of Crux KC doubling its square footage in January and growing its headcount 118 percent since June 2020, the marketing firm — one of the KC Chamber’s Top 10 Small Businesses — announced a significant investment this week by Grant Burcham, former Mobank CEO.

“I’ve long valued Grant’s business acumen and insight as a leader, which makes it all the more meaningful that he’s invested in the future growth of Crux,” Melea McRae, Crux’s founder and CEO, said of the undisclosed deal.

Burcham’s investment enables the company to continue its growth trajectory, which has already hit a 50 percent revenue increase for the first half of 2021, according to Crux. With the investment, Crux’s top priorities are to hire new team members, offer additional employee perks and expand to a larger office space, all necessities to accommodate its growth strategy, the company said.

Crux already has added 12 employees to its roster since January in anticipation of 60 percent revenue growth by the end of 2021. After upgrading to a 2,500-square-foot office earlier this year, Crux recently re-leased a separate space in the same building to accommodate its rapidly expanding team.

The company is currently on the hunt for its new permanent home in the downtown Kansas City area.

Click here to learn more about Crux KC.

“We’re approaching our five-year anniversary in July, fueled by the recent successes and all the momentum,” McRae said. “Because of this partnership, we can move forward sooner than expected with several strategic investments that we planned to make in 2022, thereby better serving our clients. We’re just getting started.”

 

Crux’s rapid growth trajectory, as well as Burcham’s belief in the importance of marketing, were both factors that compelled him to invest, the company said. Following another recent investment in the IT solutions company CyTek, Burcham plans to focus exclusively on helping these two local businesses grow for the foreseeable future.

Click here to read more about Burcham’s newly announced involvement with CyTek.

Melea McRae, Crux KC

Melea McRae, Crux KC

“Crux has a dynamic leader, a differentiated business model and a talented team; that’s the triple threat of success,” Burcham said. “The brand differentiation at Mobank prompted me to take a great interest in understanding the power of good marketing. The minute Melea and I started working together, I could see the energy, passion and success of the company — validated by the numbers — and I immediately saw the value in investing.”  

Crux combines executive-level marketing and business strategy to provide a simple, smart and affordable outsourced marketing solution, according to the company.

Despite the pandemic, Crux increased its topline revenue by 40 percent in 2020, the company reported. Among its new local clients: Hoefer Welker, Morgan Hunter, Pipeline Entrepreneurs, the City of Mission, Kansas, CrossFirst Bank and SourceLink, as well as several in the Dallas market.

Wanting to give back to the community in a meaningful way, Crux also launched its pro-bono marketing services program last year, devoting $30,000 of marketing services free to one worthy nonprofit annually.

This year’s recipient is KC Shepherd’s Center (KCSC), a unique, peer-led platform of services aimed at helping senior Kansas Citians stay active, involved and independent.

The 2020 recipient was People of All Colors Succeed (POAC), a conversation starter working to build diverse communities grounded in understanding, acceptance and inclusion, and a future free from bullying.

Click here to read more about the efforts of Jamie Grayson and POAC.

Crux’s McRae recently was honored among the Kansas City Business Journal’s Women Who Mean Business 2021 class, and won the Enterprising Women of the Year Award in May.

This story is possible thanks to support from the Ewing Marion Kauffman Foundation, a private, nonpartisan foundation that seeks to build inclusive prosperity through a prepared workforce and entrepreneur-focused economic development. The Foundation works to change conditions, address root causes, and break down systemic barriers so that all people – regardless of race, gender, or geography – have the opportunity to achieve economic stability, mobility, and prosperity. 

For more information, visit www.kauffman.org and connect with us at www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

Tagged , , ,
Featured Business
    Featured Founder

      2021 Startups to Watch

        stats here

        Related Posts on Startland News

        VC summit: It’s a great place to ‘keep your head down and build’ — but is ‘KC nice’ slowing potential?

        By Tommy Felts | November 16, 2022

        Building a startup in Kansas City comes with a mix of unique benefits and challenges, said serial entrepreneurs Riddhiman Das and Toby Rush, who both agreed the local ecosystem is enjoying “significant” momentum — while pushing the startup scene to be “more aggressive and more brutally honest.” “When you’re on an exponential growth curve, whenever…

        Winners revealed: LaunchKC awards $300K in rebooted grants competition

        By Tommy Felts | November 16, 2022

        LaunchKC’s cornerstone grants celebration returned Tuesday after a four-year hiatus, awarding six Kansas City startups — from gaming and edtech to IoT and healthcare — with $50,000 each in non-dilutive grants. “A win for these companies is a win for Kansas City,” said Becca Castro, strategic initiatives manager for the Economic Development Corporation of Kansas…

        ‘Perfect is the enemy of progress’: KC founders say the right time for entrepreneurship is now — even if mistakes are inevitable

        By Tommy Felts | November 15, 2022

        Early in John Thomson’s entrepreneurial journey, the PayIt co-founder realized no one had all the answers, he shared; and anyone who waits until they feel comfortable enough to start a business will be waiting forever.  “We’re all imperfect, certainly fallible. You’ve got to keep going and not worry about perfect. Perfect is the enemy of…

        Brandon Calloway, GIFT

        Co-founder of nonprofit that boosts Black businesses among two winners of $100K Pinnacle Prizes

        By Tommy Felts | November 15, 2022

        Brandon Calloway reflects the best of Kansas City’s young leaders, said Maurice Watson, announcing the G.I.F.T. co-founder as one of two winners of the 2022 Pinnacle Prize — an award that comes with a no-strings-attached $100,000. “Brandon grew up in the urban core and is motivated to make social and economic conditions better than those…