UF Innovate | The Hub graduate Feathr, a Gainesville-based marketing technology provider, announced it has closed a Series B financing totaling more than $11 million led by Atlanta-based growth equity firm Fulcrum Equity Partners. The deal also included the participation from several existing investors: Freeman Digital Ventures, Florida Gulfshore Capital, and Florida Opportunity Fund (managed by Arsenal Venture Partners). The new funding will enable Feathr to aggressively accelerate enhancements of its product offerings as well as expand its team to accommodate a rapidly increasing customer base.
This latest round of funding follows an impressive period of growth for Feathr. Over the last 18 months, the company has increased its customer base by 400%, increased its annual recurring revenue by 200%, and added over 40 team members, more than doubling its headcount within the last eight months.Learn more about Feathr Soars Into 2020 With $11 Million Investment Boost.