ChainSync Announces $500K in Growth Funding
Posted November 25, 2014
ChainSync has been on a roll lately, what with adding some new key players on the team, completing our largest annual user conference and today we are pleased to announce a $500K investment from an angel investor to accelerate ChainSync’s growth.
To date, ChainSync has been fully financed with implementation and customization revenue as well as monthly system fees from the 500+ users. To meet the growing demand for our system we need to aggressively grow the team across several functions including sales, service and development.
ChainSync Founder and CEO Mike DeLorenzi appreciates what this means for his company and other tech startups. “ChainSync began with the vision to make it easy to run a franchise enterprise. In our first two and a half years we’ve successfully funded our operations from user subscriptions and implementation revenue.” said DeLorenzi. “This round of growth funding will help us further expand into more franchise industries and we’ll be hiring new staff in sales, customer support and development to make this happen.”