TechCXO Advises BoomTown on $20 million Series A Round
TechCXO assisted and advised Charleston-based BoomTown on $20.1 million in financing from Adams Street Partners and Susquehanna Growth Equity LLC. The engagement is led by TechCXO partner Neal Miller. Neal Miller is a partner in TechCXO’s Finance and Operations practices. The funding will help the tech firm grow its team and fuel its expansion, according to BoomTown President and CEO Grier Allen. BoomTown creates Web-based software solutions for real estate professionals.
On July 25, BoomTown offered $20.1 million in equity securities, according to a July 29 Form D filing with the Securities and Exchange Commission. The firm filed an amended form on Aug. 29 noting that all the securities have been sold. Founded in 2006, BoomTown provides an online marketing system for real estate professionals including a real estate website with local multiple listing service data, online advertising, marketing services and a customer relationship management system. The company was ranked on the Inc. 500 list in 2011, 2012 and 2013.