In an announcement made today by Netchemia LLC, it disclosed that Mainsail Partners gave its company an equity investment amounting to US$6.5 Million. The equity investment is a fraction of a continuing mutual partnership where Netchemia will be able to utilize the unwavering operational capability and improve further its market share.
The majority of the current investment will be allotted to increasing Netchemia's growth and expanding its product line. "We are excited to announce a partnership with Mainsail and the next phase of our company's growth," Carlos Antequera, co-founder and CEO of Netchemia said.
He added,"This investment will allow Netchemia to accelerate its product development and team-building plans. It was important for us to find an investor who shared our vision and had extensive company-building experience."
Since it was founded in 2001 at Kansas City, Netchemia has been exclusively providing cloud based talent management software that are particularly designed for K - 12 school districts and institutions. San Francisco based Mainsail is a growth-equity firm that focuses on financing companies that has not taken any external financial support except its capital.
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