Tech Company Financing Transactions

ScaleFactor Funding Round

Coatue Management, Bessemer Venture Partners and Broadhaven Capital Partners joined a $60 million Series C funding round for ScaleFactor. The round was announced on 8/9/2019.

Transaction Overview

Company Name
ScaleFactor
Announced On
8/9/2019
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Series C
Investors

Coatue Management (Lead Investor) (Thomas Laffont)

Bessemer Venture Partners (Byron Deeter)

Broadhaven Capital Partners (Michael Sidgmore)

Canaan Partners (Michael Gilroy)

Citi Ventures (Luis Valdich)

Firebrand Ventures

Flyover Capital

Next Play Capital

Stripes Group

Vulcan Capital

Proceeds Purpose
The new capital will allow the company to expand its 'business OS' capabilities and offer new solutions to SMBs, firmly establishing ScaleFactor as the foundational platform for SMB operations.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
1408 E. 13th St.
Austin, TX 78702
USA
Phone
(512) 593-2999
Website
www.scalefactor.com
Email Address
[email protected]
Overview
In 2013, ScaleFactor founder and CEO Kurt Rathmann was determined to find a solution for the accounting problems he was facing as a CFO. He was on a quest to automate the painful, time consuming accounting tasks he and his team were forced to complete manually. In 2014, Kurt started ScaleFactor at his living room table. The company grew from one to four employees before the year's end.
Profile
ScaleFactor LinkedIn Company Profile
Social Media
ScaleFactor Company Twitter Account
Company News
ScaleFactor News
Facebook
ScaleFactor on Facebook
YouTube
ScaleFactor on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Kurt Rathmann
  Kurt Rathmann LinkedIn Profile  Kurt Rathmann Twitter Account  Kurt Rathmann News  Kurt Rathmann on Facebook
Chief Operating Officer
Gary Forni
  Gary Forni LinkedIn Profile  Gary Forni Twitter Account  Gary Forni News  Gary Forni on Facebook
Chief Technical Officer
Francis Sullivan
  Francis Sullivan LinkedIn Profile  Francis Sullivan Twitter Account  Francis Sullivan News  Francis Sullivan on Facebook
Vice President
Eric Steinhoff
  Eric Steinhoff LinkedIn Profile  Eric Steinhoff Twitter Account  Eric Steinhoff News  Eric Steinhoff on Facebook
VP - Customer Service
Kristen Johnson
  Kristen Johnson LinkedIn Profile  Kristen Johnson Twitter Account  Kristen Johnson News  Kristen Johnson on Facebook
VP - Customer Service
David Loia
  David Loia LinkedIn Profile  David Loia Twitter Account  David Loia News  David Loia on Facebook
VP - Finance
Yaya Zhou
  Yaya Zhou LinkedIn Profile  Yaya Zhou Twitter Account  Yaya Zhou News  Yaya Zhou on Facebook
VP - Human Resources
Laarni Canoy
  Laarni Canoy LinkedIn Profile  Laarni Canoy Twitter Account  Laarni Canoy News  Laarni Canoy on Facebook
VP - Human Resources
Derek Felderhoff
  Derek Felderhoff LinkedIn Profile  Derek Felderhoff Twitter Account  Derek Felderhoff News  Derek Felderhoff on Facebook
VP - Marketing
Robert Gilbreath
  Robert Gilbreath LinkedIn Profile  Robert Gilbreath Twitter Account  Robert Gilbreath News  Robert Gilbreath on Facebook
VP - Product Management
Brian Simmons
  Brian Simmons LinkedIn Profile  Brian Simmons Twitter Account  Brian Simmons News  Brian Simmons on Facebook

 

 

Browse more venture capital transactions:

Prev: 8/9/2019: Glow venture capital transaction
Next: 8/9/2019: Sunday venture capital transaction

 

Share this article

 

About Our Venture Capital Transactions Database

Our team works diligently to report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary

 

Copyright © 2001-2024. Gaebler Ventures. All rights reserved.