December 3, 2014
First they rebranded, and then LockerDome grew their user base from 20 million to 40 million users in only 6 months. That was this past June, and today LockerDome has hit another major milestone in their life: they completed a Series B equity financing round.
In total, the Series B round brought in $10 million of funding which raises LockerDome’s total capital raised to over $18 million. Simply put, it’s a huge success for what some have called St. Louis’ hottest startup.
The funding round was led by Cultivation Capital, and the participating investors included a number of undisclosed industry executives. As part of the round, Dave Peacock, the former President of Anheuser-Busch, made a personal investment in the company and officially joined the LockerDome Advisory Board.
According to LockerDome CEO Gabe Lozano, the funds will be used to expand LockerDome’s St. Louis based engineering team and their New York City based media sales team. Even though they’ll be expanding the New York City team, the core operations will still remain based out of St. Louis.
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