BoomTown!
THE CHALLENGE
Balancing rapid growth with capital needs and strategic management.
THE SITUATION
Charleston-based BoomTown is an Inc 500 fast-growing company that needed experienced senior financial management to help guide the
business to scale.
TECHCXO INTERVENTION
TechCXO has advised BoomTown since early 2011.
TechCXO has provided senior executive resources providing budgeting, strategic planning, organizational design, and executive search.
TechCXO also assisted and advised
BoomTown on valuation, capital raise and use of capital for expansion.
THE OUTCOME
BoomTown has grown from $2 million in 2010 revenues to over $25 million, and raised $20 million in Series A financing led by Adams Street Partners.