RF Investment Partners (“RF”), a provider of structured capital, is pleased to announce a recent growth capital co-investment with Level Structured Capital in Blackthorn.io, an award-winning provider of a fully integrated, Salesforce-native event management and payments software platform.
The investment represents the evolution of RF’s focus and expertise in the software industry and the continuation of a proven track record of investing in the sector through multiple funds. With Blackthorn as the 11th addition to RF’s tech-focused platform, the firm is proud to continue to uphold its partnership-led approach built on active engagement, empathy, and infusing best practices around go-to-market, product, and strategy.
Founded in 2015, Blackthorn provides an inspired, intuitive, and innovative event management and payments software platform through its fully integrated Salesforce application. Blackthorn’s direct incorporation into Salesforce seamlessly allows users to skip the plug-and-play of manually integrating CRM data into Salesforce, empowering clients from industries such as higher education, non-profit, and healthcare to efficiently plan, invite, register, and facilitate payment for any company event.
Blackthorn CEO Chris Federspiel commented, “Since the inception of our partnership, RF has proven to be the right fit for us at this inflection point in our growth trajectory. RF’s flexible capital and its team of tech-focused professionals have empowered an unprecedented growth period for us. 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.”
With the backing of RF, Blackthorn will continue to bolster its platform and leading market position by building out its product portfolio and placing an enhanced emphasis on sales and marketing.
“As we look towards the future, our focus on lower-middle-market SaaS companies will continue to expand,” said RF Co-Founder & Managing Partner Peter Rothschild. “The software industry is a high-opportunity sector, and we are excited to deepen our involvement in the space through heavily supporting founders and management teams, leveraging our deep expertise and industry relationships, and facilitating company expansion with the identification of attractive growth opportunities and allocation of differentiated capital.”
“Blackthorn’s growth is a reflection of an incredibly hard-working team that drives measurable results — all signs of great things to come,” said RF Director Jacob Gordon. “We are excited to partner with Chris and support Blackthorn’s accelerated growth with capital and expertise to facilitate the company’s mission of being the leading event software platform.”
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