By Renee Larr
Bluebridge, a mobile app company founded in 2011 by Santiago Jaramillo, Adam Weber and Mitch Shields recently acquired a huge $2 million payday in the way of private investors. The idea for the Fishers based company was born out of a single statistic.
“I was working in technology in Sydney, Australia, for the Exact Target office out there. I read one statistic – that ‘smart phones outsell PC’s for the first time ever in the first quarter of 2011’ and to me that was just a pivotal shift in computing,” said Jaramillo, CEO.
The mobile app studio allows clients to easily change the design, content and call to action in real time with drag and drop design. The company is currently working on their second generation of their platform. In order to accommodate their tremendous growth since, they needed to raise funding.
“For us to execute on that vision of being a world-leading mobile app platform and scaling the company from right here in Indiana we need the resources and the capital to execute on that vision. To hire excellent talent, to invest in our product – we knew we needed capital to make that happen,” said Jaramillo.
Bluebridge sought out investors and began to receive more offers than they intended. The quickly decided to increase the amount of funding from $1.5 million to $2 million.
“We’re super happy with the folks that invested,” said Jaramillo.
Cultivation Capital, a St. Louis based venture capital firm, and Allos Ventures, an Indianapolis based company, co-led the round of funding. Bluebridge even had existing investors return to the table.
“Those are the folks that are tracking your progress and seeing the financials. They were so excited about the future of Bluebridge that they wanted to re-up and invest again,” said Jaramillo.
For more information about Bluebridge visit gobluebridge.com.
