A Little Rock startup that provides communication and marketing services to schools recently raised $13.2 million.
Apptegy Inc. plans to use most of the money raised by selling shares to hire more workers, said CEO Jeston George.
It has 90 employees and plans to add another 50 by the end of the year.
The company sells software called Thrillshare that allows a school district’s teachers and staff to use a mobile app to distribute information in every way the district has at its disposal — email, website, Facebook or Twitter.
Last year, Apptegy received a $5.7 million investment from Five Elms Capital of Kansas City.
George, who was an Arkansas Business 40 Under 40 honoree in 2017, said more than 800 school districts across the country are Apptegy clients. In mid-2017 it had about 260 clients. That growth made it easy to raise the money, he said.
George declined to say what Apptegy’s revenue projections were for this year. “Things are going well,” he said.