Cincinnati startup raises $7 million

Story excerpt provided by Cincinnati Business Courier.

Written by Steve Watkins.

A fast-growing Greater Cincinnati startup company has raised its biggest round of capital, giving it money to fuel additional growth and double its employees this year.

Stack Construction Technologies Inc., based in Mason, raised $7 million from New York-based growth capital investment firm Level Equity. Stack makes software used in the construction industry to estimate the cost of projects.

“We’re going to invest a big chunk of that in development,” Phil Ogilby, Stack’s founder and CEO, told me.

The company has 33 employees now with nearly all of them at its Mason headquarters. By the end of this year Ogilby expects that number to more than double to about 70. Software developers – “they tend to be expensive, by the way,” he said – will make up the biggest chunk of those new employees.

Click here to read the complete article.

Originally published January 17, 2018.

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