Olin graduates continue to make a strong mark on the St. Louis startup scene. This week Cultivation Capital was pleased to announce it is leading $1.25 million dollar investment in Hatchbuck, an innovative and easy-to-use sales and marketing software for small businesses.
Hatchbuck’s founder, Don Breckenridge, Jr., is an Olin 1995 BSBA graduate. As part of the deal, I will join the Hatchbuck board.
Deciding to invest in Hatchbuck was not a difficult decision for our team at Cultivation Capital. Our analyst team of mainly Olin students worked on a diligence package to evaluate the deal. Our investment committee made the final decision to invest, based upon Hatchbuck’s pattern of increasing month-over-month growth. We want the opportunity to help drive that growth even further. This round of funding will enable Hatchbuck’s team to reach more potential customers, show them how great Hatchbuck’s product is, and help them grow. We’re excited to watch the Hatchbuck growth story unfold.
Hatchbuck is among the dozens of startups at T-REx getting ready to make the move from the current incubator space at 6th and Olive to the new T-REx headquarters in the Lammert Building on Washington Avenue. Washington University will have an official presence in the new space, giving our students the opportunity to work one-on-one with some of the most innovative startups in the country. I look forward to updating you on Olin’s impact on the startup community in 2014!