Pitchly completes seven-figure seed investment round

Pitchly announced today that they have completed a seven-figure seed funding round.

The round was led by Next Level Ventures, with participation from M25Great North Labs and other local investors.

“Pitchly has a unique focus to help professionals, especially in the M&A sector, to curate and market data.  Managing these various points is a big problem, and Pitchly has already won major customers all over the world because of its solutions,” said Scott Hoekman of Next Level Ventures.

Pitchly has used some of the investment to hire two new executives, Steve Will as VP of Sales and Tim Dubes as Chief Marketing Officer, and plans to make a few more hires over the next few months.

“We’re going to continue to expand our operations in Des Moines. We’re adding people to the Des Moines office in sales, marketing and engineering,” said Ryan Gerhardy, CEO and co-founder of Pitchly.

Pitchly is a web-based content service platform for merger and acquisition professionals,  allowing them to organize and activate their client experience.

Pitchly recently released version two of its Platform-as-a-Service application and has moved into new office space in downtown Des Moines.

The company declined to disclose specifics on the deal. According to public documents filed in late July, the total offering was for $10 million.

This story was updated at 11:30 a.m. Wednesday, August 22 with information from the SEC filing.