Craftom Secures $1.75 Million in Direct Private Investment
May 21 2024 - 8:32AM
Carofin and Carolina Financial Securities are pleased to announce
they have secured $1.75 million in growth capital to support the
rapid expansion of Craftom, Inc.’s B2B buying platform. Craftom is
an enterprise software-powered marketplace of physical goods,
software products, and enterprise services with over 1,000,000 of
such products and services available in its marketplace. It
provides one point of contact for Revenue, IT and HR departments to
purchase products and services, saving countless hours coordinating
with many different vendors.
“Craftom’s automation-focused software, robust marketplace, and
fulfillment speed have created a meaningful competitive advantage
for us over legacy resellers,” said Caleb Musser, the Company’s
founder and C.E.O. “This short-term debt capital will enable us to
expand our sales team, continue to enhance the Company's
marketplace and software systems, and arrange for a replacement
warehouse to meet the increasing demand for our products.”
“As hybrid/remote employees represent the new normal workforce,
automation in purchasing from a platform like Craftom becomes
increasingly necessary,” commented Joshua Greene, Carofin’s Vice
President. “The Company’s predictable, recurring,
subscription-based revenue stream made a secured promissory note
structure the perfect investment vehicle for our network of current
income-oriented accredited investors.”
Carolina Financial Group (CFG), Carofin’s and CFS’s parent
company, is a private investment bank that structures investments
and raises critical capital for small to medium-sized businesses
seeking growth capital in the U.S. Carofin and CFS have raised over
$1.1B since 1997 across more than 200 private transactions. For
more information, visit Carofin’s website.
Media contact:Nash Robertsnroberts@carofin.com828-393-0088
x602