TST Media, the creators of the NGIN software platform has scored a round of financing led by El Dorado Ventures. When the ink dried on the agreement last week TST had secured $3.5 million to “grow existing business partnerships, drive software innovations and expand their talent base.”
TST Media CEO and co-founder, Justin Kaufenberg noted the fundraising as “transformational”. He notes that “To a degree, prior growth has been consciously checked in favor of reinvesting in our technology core…that patience and focus has set the stage for us to efficiently deploy these proceeds and exponentially enhance a proven platform and business strategy” In plain speak…TST has got plenty of fuel to power growth to the next level.
That point is further driven home as Kaufenberg commented on El Dorado Ventures. “As a venture partner, El Dorado brings an impressive track record of successfully aiding and nurturing the rapid growth of innovative technology companies.” With TST boasting 100% growth over the past three years and some 200 clients in 50 states and six different countries, Jeff Hinck of El Dorado was happy to note, “In TST Media, we found a company with a best-in-class technology platform. Unlike other players in the space, their NGIN platform has been architected for extendibility and growth.”
Also providing fuel for the local job market, TST Media will be adding more than 20 new positions this year including Software Engineers, UI/UX Designers, Development Operations, Project Managers, Technical Support and Sales.
Local start-up growth, more jobs, a growing platform. Light this candle!