SpotHero, LaunchPoint each raise $20M in funding



Chicago Tribune Reporter Amina Elahi interviewed Terry Ryan for a feature on LaunchPoint and their funding from Carrick Capital Partners in the Blue Sky Originals section.


“Terrence Ryan, CEO, chairman and cofounder at LaunchPoint, said the Carrick investment was the result of months of careful consideration. In 2014, Ryan said, the company sold $70 million in products and services, overshooting its target of $40 million in sales. At that point, LaunchPoint’s board decided to seek outside funding to support a growth in resources it saw as necessary to serving its expanding customer base, Ryan said. Ryan said he considered Carrick the right partner because of its experience in health care and its focus on cloud-based Software-as-a-service for business customers. ‘The partner you pick in the long run is almost as important as the capital you desire,’ Ryan said.”

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