InfoReady is celebrating its fifth anniversary this month, a milestone that carries a lot of weight with the startup's founder.
The Ann Arbor-based firm has doubled its revenue each year, notching 1,000 percent growth in that time frame. That growth streak doesn't look like it's going to end anytime soon.
"At least the next three years," says Bhushan Kulkarni, CEO of
InfoReady.
Kulkarni is a serial entrepreneur in Ann Arbor, having launched and exited a handful of tech startups over the last couple of decades. InfoReady was spun off one of those firm,
GDI Infotech. InfoReady's software streamlines the research and business-venture-building process for everything from obtaining grants to building new startups. It even helps match the user with the best sources of funding and talent.
"It matches you with the right data," Kulkarni says.
InfoReady raised a $2.5 million angel round last year. It is now looking to recapitalize later this year with a planned $5 million Series A.
InfoReady has also expanded its team over the last year, hiring seven people. It currently employes a staff of 25 employees and a couple of interns. It is also looking to hire a dozen people, primarily in sales and marketing.
Source: Bhushan Kulkarni, CEO of InfoReady
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.