Software company utilizes a flexible, revenue-based funding
package to support growth and expansion without dilution
NASHVILLE, Tenn., June 27,
2024 /PRNewswire-PRWeb/ -- Barn2Door,Inc. a
rapidly-growing software company focused on helping farmers sell
direct to market, has landed a significant investment from
Decathlon Capital Partners. Details of the revenue-based funding
transaction were not disclosed.
"We're looking forward to working with
Decathlon, as we know their team understands our goal to make
selling direct-to-market a breeze for our current farmer partners,
in addition to the many to come." - James
Maiocco, Barn2Door COO
Headquartered in Nashville,
Barn2Door will use the funding to expand its investment in new
platform functionality and expand its go-to-market and customer
service functions. Barn2Door is an all-in-one business solution
platform that allows farmers to promote their own brand, sell
online or in-person, and save time managing their business.
Janelle Maiocco, Chief Executive
Officer of Barn2Door, said Barn2Door aims to make accessing Farm
products as easy as possible for buyers. "Our solution enables
farmers to sell anytime, anywhere, and to anyone, whether they be
wholesale or retail purchasers," Maiocco said. "We want farmers to
build a thriving business. We offer software and services to help
Farmers grow their brand, and develop go-to-market strategies
informed by best practices and data insights captured from millions
of buyers."
James Maiocco, Chief Operating
Officer of Barn2Door, said Barn2Door will repay its investment from
Decathlon Capital Partners through its future revenues, thanks to
the dilution-free funding package. "We're looking forward to
working with Decathlon, as we know their team understands our goal
to make selling direct-to-market a breeze for our current farmer
partners, in addition to the many to come," Maiocco said.
John Borchers, Managing Director
of Decathlon Capital Partners, said Decathlon looks forward to
supporting Barn2Door as the company continues to grow. "Barn2Door
is already serving thousands of farms throughout the United States," Borchers said. "Decathlon
can't wait to watch the growth trajectory of their software
platform as more farmers will take advantage of this easy-to-use
solution."
About Barn2Door
Barn2Door offers software for Independent Farmers to create and
promote their brand, sell online and in-person, and save time
managing their business. Built for Farmers, Barn2Door enables
Farmers to make their products available across all channels and
simplify order management. Serving 1000's of Farms across all 50
States, Barn2Door has become the largest vertical commerce solution
exclusively serving Farmers. With data insights gathered across
millions of orders, Barn2Door continues to debut innovations to
help Farmers increase sales, attract more buyers, and save time.
Learn more at https://www.barn2door.com/.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies
seeking alternatives to traditional equity investment. Through the
use of highly customized revenue-based financing solutions,
Decathlon provides long-term growth capital without the dilution,
loss of control and operational overhead that often comes with
equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest
revenue-based funding investor in the U.S. and is active across a
wide range of sectors. Learn more at
http://www.decathloncapital.com.
Media Contact
Press, Barn2Door, (206) 787-2220,
info@barn2door.com, https://www.barn2door.com/
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SOURCE Barn2Door