Tag: Scaleworks

Soilworks Launches Grassroots Carbon, a Carbon Credit Company
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Soilworks Launches Grassroots Carbon, a Carbon Credit Company

Soil Value Exchange and PastureMap merged Thursday to create Grassroots Carbon, the latest company Soilworks Natural Capital is launching. Grassroots Carbon is a public benefit limited liability company that provides certified soil carbon storage credits for organizations or individuals buying credits to offset greenhouse gas emissions. Grassroots Carbon sells its credits by working with ranchers and farmers using regenerative farming practices that help the soil capture more carbon. Soilworks Natural Capital founders Lew Moorman and Ed Byrne, who also launched software company Scaleworks, have been investing in, acquiring, and incubating companies that accelerate the adoption of regenerative land management, a system of farming principles and practices that increases biodiversity, ...
Soilworks Grows Regenerative Agriculture Companies Wholesome Meats and Grazing Lands
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Soilworks Grows Regenerative Agriculture Companies Wholesome Meats and Grazing Lands

Soilworks Natural Capital has been growing its portfolio since its launch in June. Lew Moorman and Ed Byrne, co-founders of Scaleworks, have been busy investing in, incubating, and acquiring companies that can accelerate the adoption of regenerative farming practices. Moorman and Byrne launched Soilworks in June to focus on regenerative agriculture, a system of farming principles and practices that increases biodiversity, enriches soils, improves watersheds, and supports agricultural ecosystems. By September, Soilworks launched Wholesome Meats, a local business selling grass-fed beef supplied by local Carbon Ranchers who use regenerative grazing to create carbon-negative foods.  The Soilworks founders, along with Frates Seeligson, executive director at San Antonio River Foundati...
Scaleworks Co-Founders Launch Regenerative Agriculture Company Called Soilworks, Acquire PastureMap
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Scaleworks Co-Founders Launch Regenerative Agriculture Company Called Soilworks, Acquire PastureMap

The co-founders of Scaleworks have taken on a new mission to invest in, incubate, and acquire assets that can help accelerate the adoption of regenerative farming practices. Their new company, Soilworks Natural Capital, is focused on expanding the regenerative agriculture economy. The B-corporation public benefit company launched Tuesday with the announcement of its first acquisition, PastureMap. Soilworks has acquired the California-based software company that developed a grazing management application farmers and ranchers use to manage animal herds for more sustainable land practices. Lew Moorman and Ed Byrne founded Scaleworks in 2015 to buy and help technology companies grow either via venture equity deals or with venture finance support. Their newest Soilworks venture will take...
Scaleworks Spins Out Element SaaS Finance, a Debt Fund for Startup Financing
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Scaleworks Spins Out Element SaaS Finance, a Debt Fund for Startup Financing

San Antonio-based venture equity firm Scaleworks announced Thursday it spun out a new $10 million debt fund that will provide an alternative source of financing for startups. Called Element SaaS Finance, it was first launched as the Scaleworks Venture Finance Fund in January 2018. John Gallagher took over in January as Element's CEO from Karl Pichler, a former chief financial officer at Rackspace who was a general partner at Scaleworks managing the venture finance fund. Gallagher oversaw venture finance for Scaleworks and has almost 15 years of experience in asset management and financing. Element SaaS Finance aims to help business-to-business (B2B) software as a service (SaaS) startups secure loans to fuel growth. The debt fund looks for companies with a proven product and a stable ...
Chargify Adds Former Rackspace Sales Executive, Debuts Revenue Forecasting Tool
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Chargify Adds Former Rackspace Sales Executive, Debuts Revenue Forecasting Tool

Chargify, a San Antonio-based billing and revenue management software company, has hired a former Rackspace sales executive as its new chief revenue officer (CRO) and debuted a new revenue forecasting tool. The company announced Scott White as its new CRO Friday, according to a Chargify company post. White spent more than 15 years at Rackspace and was vice president (VP) for sales until 2018 when he moved to Mailgun as their sales VP in early 2019. White played an integral role in Rackspace's growth from $20 million in annual recurring revenue to becoming a multibillion global leader in managed hosting and cloud. His two-plus decades of sales leadership experience in the technology, cloud, and managed service markets makes White uniquely capable for what Chargify is focused on: Aggre...
Scaleworks Buys E-Commerce Search Company Nextopia, Names Pete Messana as CEO
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Scaleworks Buys E-Commerce Search Company Nextopia, Names Pete Messana as CEO

San Antonio-based venture equity firm Scaleworks has acquired  Nextopia, an e-merchandising software company specializing in search and navigation solutions. The company is the second purchase for the San Antonio private equity firm’s second $80 million fund announced in February. Nextopia is also in the online search and navigation space as is competitor SearchSpring, which Scaleworks acquired in May. Read more: Scaleworks Acquires SearchSpring, Leader In E-commerce SearchSpring “Every step of the customer journey in e-commerce has a big impact on sales – from search to landing pages to merchandising, said Lew Moorman, Scaleworks general partner and co-founder. "With Nextopia and SearchSpring we are assembling the best-of-breed toolset to help merchants of all size sell as effective...
Scaleworks Acquires SearchSpring, Leader In E-commerce SearchSpring
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Scaleworks Acquires SearchSpring, Leader In E-commerce SearchSpring

Scaleworks has bought SearchSpring, a technology company in the e-commerce space and first acquisition from the San Antonio private equity firm's second $80 million fund. SearchSpring provides search and navigation technology to direct consumers to the websites of consumer brands using artificial intelligence-powered algorithms. Gareth Dismore founded the company in 2007 in Denver, CO using private funds to bootstrap its growth. Dismore has deep expertise and experience in software engineering, machine learning, and e-commerce and will leave the company now that is has been acquired. “After 11 years of operating independently as a bootstrapped company, SearchSpring will now have the backing of a team of technology veterans that share our passion for search, merchandising and helping ...
SaaS, Cyber Startups Land on 2019 List of Fastest Growing Companies in San Antonio
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SaaS, Cyber Startups Land on 2019 List of Fastest Growing Companies in San Antonio

The first ever Growjo Industry Awards debuted its indexed list of fastest-growing companies in Texas broken down to show the ranked companies and number of jobs available in Austin, Dallas, Houston, and San Antonio. Growjo uses an algorithm to track growth metrics such as hiring trends, funding and financial data, web traffic, and other signs of traction for companies under 1000 employees. The 100 fastest growing companies in San Antonio collectively have 1,317 job openings.  Local startup Brokerage Engine landed at the top of the new list of rapidly growing companies in San Antonio, with other software as a service (SaaS) and cybersecurity startups, as well as established companies in other industries completing the group. Brokerage Engine offers a SaaS platform for real estate brok...
Brokerage Engine Tops 2019 List of Fastest Growing Companies in San Antonio
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Brokerage Engine Tops 2019 List of Fastest Growing Companies in San Antonio

Local startup Brokerage Engine has landed at the top of a new list of rapidly growing companies in San Antonio. The first ever Growjo Industry Awards debuted its indexed list of fastest-growing companies in Texas broken down to show the ranked companies and number of jobs available in Austin, Dallas, Houston, and San Antonio. Growjo uses an algorithm to track growth metrics such as hiring trends, funding and financial data, web traffic, and other signs of traction for companies under 1000 employees. The 100 fastest growing companies in San Antonio collectively have 1,317 job openings. The list includes startup companies mostly in the software as a service (SaaS) and cybersecurity sectors, as well as established companies in other industries. Brokerage Engine offers a SaaS platform...
Scaleworks Startup Mailgun Announces Exit with Private Equity Firm Thoma Bravo
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Scaleworks Startup Mailgun Announces Exit with Private Equity Firm Thoma Bravo

Mailgun Technologies, Inc., a provider of email infrastructure software, announced Monday it sold a majority stake in the company to private equity firm Thoma Bravo, a leading software-focused private equity investment firm. The transaction closed on March 26, as reported by Thoma Bravo financial advisor William Blair. Mailgun is a leading email automation platform provider for software developers and was one of eight startups in Scaleworks' portfolio. The San Antonio firm is a  hybrid venture capital and private equity fund that uses its capital to help grow the business-to-business technology startups it acquires. It was co-founded by former Rackspace executive Lew Moorman and investor Ed Byrne. The companies did not share terms, but this is the second owner for Mailgun. The compan...