The private-equity firm in Wayne is investing $10 million into Mediafly, and Boathouse Capital’s involvement takes the 2006 podcast distribution startup beyond angel investors to Series B for the first time, according to a Chicago Tribune report by Amina Elahi.
Chicago-based Mediafly plans to utilize the Boathouse Capital funding to hire 20 to 30 people in sales and marketing — more than a 50 percent jump in its workforce — to capitalize within its unique niche.
“We really believe in the humans on the ground and there’s a lot of sales, particularly in the B2B world, that really need a human to get over the last mile,” Founder and CEO Carson Conant said.
Mediafly, which has annually appeared on the Inc. 5000 list of fastest-growing companies since 2014, is already projecting a doubling of current revenue in 2017.
Read more about the company Boathouse Capital is floating $10 million to in the Chicago Tribune here.