Apptegy Secures Growth Funding From Five Elms Capital
Infusion to Aid in Enhancing Leadership Position in K-12 Content Distribution Technology
Little Rock, Arkansas, May 30, 2017 (Newswire.com) - Apptegy, creators of the Thrillshare digital framework for schools, announced today the closing of a $5.7 million strategic growth investment from Five Elms Capital. According to Apptegy CEO Jeston George, the investment will allow Apptegy to further enhance its product offerings and accelerate sales and marketing efforts.
The K-12 school market has responded enthusiastically to Thrillshare; in less than two years, hundreds of districts across 38 states have adopted the digital framework. Thrillshare allows school districts to manage all digital interactions with their audience across the diverse set of devices and social networks. With each partner district, Apptegy builds a custom mobile app and website that integrates with Thrillshare, giving school leaders a single tool to manage communication. Thrillshare helps schools transition to today’s blended model of education, where learning and communication happen both in the classroom and on digital platforms.
“We are beyond excited to partner with Five Elms. Their experience working with growing SaaS companies will be a huge asset to our board,” said George. “We get to see every day how Thrillshare impacts our customers as they embrace the opportunities that digital interactions create. Five Elms brings not only financial and strategic support, but decades of operating experience to guide us as we scale.”
Five Elms’ decision to invest was based on both the rapid adoption of Thrillshare by schools in two short years and the glowing reviews from Apptegy’s customers. “Apptegy has changed the way school districts communicate with their constituents, providing key district information and highlighting student achievement without the hassles of working with multiple technology vendors,” said Ryan Mandl, Partner at Five Elms Capital. “The team’s innovative product, industry knowledge, and best-in-class customer service, has driven rapid, profitable growth and an evangelical customer base; we look forward to working with the Apptegy team to expand on the success achieved to date.”
About Apptegy
Launched in 2015 and headquartered in Little Rock, Arkansas, Apptegy helps schools thrive in the transition to a 21st century model of education. Apptegy envisions a world where any school district, regardless of technical capacity, can embrace the power of digital interactions to provide the best education for their students. Additional information is available at www.apptegy.com.
About Five Elms Capital
Five Elms Capital is a leading growth equity firm that invests in fast-growing SaaS and internet-enabled businesses. Five Elms partners with growing, founder-owned software and services businesses, providing capital and resources to help companies accelerate growth and further cement their role as industry leaders. For more information, visit www.fiveelms.com
Contact:
David Allen
Director of Special Projects
David@apptegy.com
Source: Apptegy, LLC