Pylon Capital Managing Partners Chris Lueck and Tom Tzakis will now join FastSpring’s management team. Ken White, Ryan Dewell, and Jason Foodman will continue with their prior roles. While all four will remain with the company, CEO Dan Engel is now becoming Senior Vice President of Marketing and will serve on the company’s Board of Directors.
The funding comes with some shifting roles for one of FastSpring’s co-founders. This is the first outside funding the previously bootstrapped company has taken in. FastSpring, founded in 2005 as an all-in-one e-commerce solution for companies selling desktop software and downloadable games before heading into the Software-as-a-Service space in 2011, has received a significant but undisclosed new equity investment from L.A.-based Pylon Capital.
Because sometimes it’s the companies you don’t hear about constantly.
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