With the recent completion of its seed funding, CompanionLabs announced today the appointment of Len Pagon, Chairman and CEO of Next Sparc, LLC, to its board of directors. Next Sparc invests in emerging Internet-based, software and service-based companies and helps them achieve significant growth. CompanionLabs will join Next Sparc’s growing investment portfolio, which also includes Robots and Pencils, GenomOncology, Flexjet, ApplyBoard, and others.
Prior to Next Sparc, Len founded and led Brulant into one of the leading interactive firms in North America, which was combined with Rosetta in 2008 creating the largest independent digital ad firm. In 2011, Publicis acquired Rosetta for $575 million.
“As we continue our rapid growth and scale to become a world-class company in the digital advertising space, it’s simply a great thing to have Len join the board and Next Sparc participate in this round,” said Brian Deagan, CompanionLabs CEO and Co-Founder. “There’s just a lot to be said for ‘been-there-done-that’ experience, which Len brings in a big way.”
Funding to Fuel Innovation and Growth
With the close of this funding round, the company plans to continue to invest heavily in data science and engineering to help businesses advertise smarter on Facebook and soon Google. A portion of the proceeds will also be used to further accelerate the double-digit month-over-month growth the company continues to experience since launch fifteen months ago.
“CompanionLabs is a great addition to the Next Sparc portfolio,” said Pagon. “Its stage and growth trajectory are right where our involvement can have maximum impact. I am looking forward to working with Brian and the team.”
CompanionLabs helps businesses advertise smarter on Facebook. For just dollars a day, businesses can better understand and scale their performance through simple, bite-size companion apps that allow them to make better decisions and more money. For more information visit www.companionlabs.com.
About Next Sparc
Next Sparc is a focused private capital group with a passion for helping growth-stage Internet, e-Commerce, Mobile and SaaS-based businesses reach their potential. Next Sparc consists of seasoned, hands-on partners looking to collaborate with emerging technology entrepreneurs while leveraging its deep operational experience, capital, and extensive resources.