- Poised for national growth on heels of $30M Series B funding round
- Growth fueled by SMBs’ need for effective back-office automation software
- ScaleFactor returns to CEO’s roots, opens second location in nation after Austin flagship
- Robust hiring plans to build out local team by the end of 2019
AUSTIN and DENVER — April 4, 2019 — ScaleFactor, the smart finance and accounting platform that enables businesses to operate in real-time, today announced the launch of its second national office in Denver, Colorado. The expansion comes on the heels of the Austin-based startup’s $30 million Series B investment round in February 2019.
Marking the beginning of its multi-city growth plans, the company is tapping into one of the top tech talent pools in the nation. The strategic Denver location confirms ScaleFactor’s commitment to empowering small business owners by consolidating complex back-office operations into one platform to create an intuitive “business OS.”
“It was in Denver where I worked as a CFO and where I first identified the problems that motivated me to launch ScaleFactor,” said Kurt Rathmann, CEO and founder of ScaleFactor. “Denver has evolved into a tech mecca, and we are excited to return to the roots of the company and be a part of the city’s booming market.”
ScaleFactor’s Denver office is located on the 24th floor of the 1801 California building situated in the heart of the Central Business District. Other tenants in the building include Sendgrid, Ibotta, and Greenhouse.io.
ScaleFactor is currently building out its team in Denver, hiring for product and engineering positions, with future plans to expand its sales team before the end of 2019.
“I’m extremely excited to be part of ScaleFactor’s expansion to Denver,” said Robert MacNaughton, Product Manager at ScaleFactor. “I have been a member of the ScaleFactor family for over three years and love the culture we’ve built in Austin. Now we’re bringing that amazing culture to Denver and adding our own MileHigh flavor.”
Along with Austin and Denver, ScaleFactor will soon open several other office locations nationwide. The company has seen a record 700% year-over-year sales growth based on same quarter sales, fueled by small businesses’ vast needs for consolidating and automating complex back-office operations into one platform for more effective accounting solutions.