Shipt, a member-based on-demand grocery delivery marketplace, recently acquired more than $20 million in Series A funding. This funding comes at a time of torrid growth for Shipt, which expects to use the investment to break into new markets and to align itself with a broader spectrum of retailers. Founder and CEO, Bill Smith, commented,…
Founders Investment Banking is pleased to announce that a prominent 340B program management organization has purchased substantially all of the stock of a URAC accredited specialty pharmacy focused on providing care to patients with chronic or difficult to treat conditions across a wide spectrum of therapies. The Company fills prescriptions nationwide, and had experienced average…
Founders recently hired two analysts, Matt Roden and William Short, to support the expanding firm. Their primary responsibility is supporting principals in the execution of deals across the firm. Their duties include conducting industry and company research, preparing financial analysis, and facilitating due diligence. Mr. Roden served as a summer analyst for the firm, while…
Applied Ultrasonics designs, manufactures, and sells equipment for extending the life of metal structures and components. The company’s products and services provide a solution to the metal improvement industry that protects vital investments in heavy equipment and infrastructure. Applied Ultrasonics delivers Ultrasonic Impact Technology, a patented treatment that improves the structure and properties of metals…
By: Duane Donner Founders recently hosted their North Texas Private Company CEO Forum at the Petroleum Club in Dallas, Texas. The Founders Forum was attended by 17 executives representing 16 Texas and Louisiana companies. Robert Dye, Chief Economist from Comerica provided a macroeconomic update, Brian Hegi, Managing Director at Prophet Equity, delivered a buyer’s perspective…
By: Zane Tarence In the 2Q Edition of the SaaS Market Newsletter, our Quarterly Tip examines the “new” SaaS income statement. Many companies are moving away from the traditional product based business model of focusing on impressive sounding product features, and shifting to putting their customers’ needs at the center of their product development. Focusing…