CIBC Innovation Banking Provides Apptegy Inc. with Growth Financing
21 Ottobre 2020 - 3:00PM
Business Wire
CIBC Innovation Banking is pleased to announce a growth capital
financing for Apptegy Inc. (“Apptegy”), a leading omni-channel
communication platform designed to help schools connect with
students and parents. Headquartered in Little Rock, Arkansas, the
additional capital will be used to support the firm’s strategic
initiatives and growth into new regions.
Apptegy’s platform provides the primary point of communication
to keep students and parents up-to-date on school activities, build
school brand awareness, and highlight student achievement. The
company’s flagship product, Thrillshare, provides school
administrators with a user-friendly centralized portal to manage
all digital communications including text messages, email, social
media, and mobile apps. Backed by Five Elms Capital, Apptegy serves
clients across all 50 states.
“Given the shift toward online learning, it is even more
critical for school districts to have digital tools in place to
engage with their communities, provide real time updates, key
information, and to highlight student achievement without the
difficulty of working with multiple technology vendors,” says Sara
Johnson, Managing Director in CIBC’s Austin Innovation Banking
office. “We were impressed with Apptegy’s value proposition,
best-in-class customer support, and long term product roadmap.”
“We’re excited to work with CIBC Innovation Banking as the team
understands what it takes to scale sales and product teams while
supporting our growth trajectory,” said Jeston George, CEO of
Apptegy. “This financing facility provides additional runway to
support our longer term strategic initiatives including new product
roll-outs, international expansion, and acquisition
opportunities.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, cash
management and funding to North American innovation companies at
each stage of their business cycle, from start up to IPO and
beyond. With offices in Atlanta, Austin, Chicago, Denver, Menlo
Park, Montreal, Reston, Toronto and Vancouver, the team has
extensive experience and a strong, collaborative approach that
extends across CIBC’s commercial banking and capital markets
businesses in the U.S. and Canada.
About Apptegy, Inc.
Launched in 2015 and headquartered in Little Rock, Arkansas,
Apptegy provides a SaaS platform to help schools manage
communication across all devices and social networks. Engaging with
the community and presenting a compelling brand is essential to
maintaining and growing student enrollment in a competitive school
market driven by the shift toward school choice. build For more,
visit https://www.apptegy.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20201021005073/en/
Katarina Milicevic 416-586-3609 Katarina.milicevic@cibc.com
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