CardX Announces $2M in Growth Financing, Increasing Total Funding to $8.62M
“‘The CardX team has built a great company with incredible potential for continued growth. They have an excellent track record and we are very pleased to participate in funding their next stage of expansion,’ said John Carr, Managing Director of Pace Financial Group. ‘Our prior relationship and comfort with Michael Tomko and the CardX leadership team helped facilitate the transaction,’ added Mike Wagner, Vice President of Pace Financial Group.
This round of non-dilutive capital will advance the ongoing development of CardX’s next-generation digital products and accelerate hiring within the company’s recently-expanded Chicago headquarters.
Michael Tomko, who spearheaded the financing as CardX COO, noted, ‘This funding will allow us to continue the remarkable success CardX has seen in 2019 and deliver on our exciting pipeline for new product and marketing. We have the perfect capital partner in Pace and look forward to working with them for years to come.’”