USA – Blackthorn.io, a NY-based provider of event management, payment processing, and SMS apps on Salesforce, raised $16m in funding.
This includes $15M in debt financing with nearly $1M in primary financing. With a valuation of $75 million, this investment will enhance the company to expand event management and payments processing platform and double down on employee retention and growth. Led by Chris Federspiel, CEO and co-founder, Blackthorn.io provides companies with native-Salesforce applications, enhanced by technology partners like AWS and Heroku, across all industries looking for digital acceleration. Uses include looking to adopt a Return on Event mindset through live and digital events, mitigate compliance risks, or ensure an organization can take payments quickly and securely from anywhere, among others. Blackthorn.io has also hired industry veteran Brett Waters as Senior Vice President of Global Sales to accelerate its continued growth. Additionally, Stuart Croft will transition into the new role of Chief Operating Officer, where he will lead initiatives to position the business for growth to $50M ARR. 29/06/2022
