RF Investment Partners, a provider of structured growth capital, has made a growth capital co-investment with Level Structured Capital in Blackthorn.io, an event management and payments software company.
Founded in 2015, Blackthorn provides event management and payments software services through its Salesforce application. Blackthorn’s incorporation into Salesforce looks to allow users to skip the manual integration of CRM data into Salesforce, helping clients to plan, invite, register and facilitate payments for company events. The investment represents RF’s focus on the software industry with Blackthorn.io as the 11th addition to RF.
“RF’s flexible capital and its team of tech-focused professionals have empowered an unprecedented growth period for us,” comments Chris Federspiel, Blackthorn CEO. “Blackthorn is on track for 100% year-over-year bookings growth and 90% ARR growth. The team is looking forward to continuing this exciting momentum.”