Dear Members of the IZEA Community,
Last week IZEA completed a $10 million public offering. The financing included participation by a number of large financial institutions, management, and high net worth individuals. The transaction was lead by a hedge fund with over $1 billion in assets under management. We are thrilled to have strong support from long time investors as well as many who are new to the IZEA family.
IZEA intends to use these funds to finance our growth strategy and for general corporate purposes. We plan to make direct investments in expanding our engineering team to bring new features to market faster. We also intend to expand our sales and support teams to bring more marketers into the platform, which in turn drives more opportunity for our creators and increases marketplace activity.
We are excited by the growth opportunities in our space and thrilled to have capital to invest in improving the experience for you – our customers. Thank you for your support over the last 13 years. We appreciate all that you have done for this company and look forward to serving you for many years to come.
Onward and Upward,
Ted Murphy
Founder, Chairman and CEO
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