Friday November 2, 2018 0 comments
DENVER -- PlayerLync, a leading mobile content platform for modern learning and performance management, announced it secured $12.5 million in growth financing for the purpose of marketing, additional staffing, and entering new markets.
Volition Capital led the financing with participation by Anschutz Venture Group (AVG), a longtime investor in PlayerLync. Volition is investing in the 2018 Colorado Companies to Watch winner, PlayerLync, and looking to duplicate their success as an early investor in Denver-based Ping Identity, another stand-out leader in the Colorado technology landscape.
“PlayerLync’s rapid growth comes from their solution’s wide market appeal and an ability to effectively navigate into adjacent industry verticals,” said Roger Hurwitz, Volition managing partner.
“While the business originated in Sports, PlayerLync now serves top Restaurant, Retail and Hospitality brands with over 1 million daily end users. The PlayerLync team demonstrates sound go-to-market tactics and the operational discipline required to service world-class organizations such as Starbucks, Jack-in-the-Box, Talbots, Crocs, Southern Co Gas, and Chipotle.
“We’re confident from those successes and excited by the growing interest in PlayerLync’s offerings from the Energy, Logistics and Transportation verticals. We’re simply empowering a competent team to more aggressively pursue this multi-billion-dollar opportunity.”
PlayerLync said it is experiencing fast growth under a strong leadership team. Founders Bob Paulsen, Greg Menard and Robert Smith bring professional execution along with telecom and software experiences to the table, which directly translate into enterprise-ready scale and quality.
“From our backgrounds, we understand that “carrier-grade” is table stakes for enterprise customers today,” said Paulsen, PlayerLync CEO.
“So, we built PlayerLync on a technology foundation that excels in performance, quality, and security. Then we took it a step further by designing functional teams modeled after world-class SaaS organizations
“We’re filling a large gap for enterprises, and we’ve got a winning combination that’s allowed us to earn business from marquee brands, pursue partnerships with the largest companies in the world and quickly secure the leadership position in this category. We’re thrilled by this vote of confidence and to be working beside high caliber investors like Anschutz and Volition.”