Buz.fm has landed a $100,000 investment from the Automation Alley Pre-Seed Fund, the first investment in a Series A round the company hopes will total between $1 million and $5 million.
The Orion Township-based tech start-up specializes in developing social media, digital marketing and advertising technologies. The 1-year-old firm provides Internet-based services and products in the advertising and promotion sectors. Its cloud-based applications deliver thousands of digital marketing and advertising campaigns to customers in a variety of industries including restaurants, resorts, hotels, auto dealerships and the entertainment industry, among others.
Buz.fm employs 14 people and is interviewing interns for this summer. It currently has five positions open for software developers (two) and marketing technologists (three).
"We have grown a lot," says Stephen Sadler, CEO & president of
Buz.fm. "It happened faster than we thought. I have never seen something grow this quickly."
Buz.fm spun out of
Scate Technologies, a software development company, two years ago in September. Sadler hopes to continue the company's current growth streak and lock down its Series A funding round within the next 6-8 weeks.
"The sky is the limit, really," Sadler says.
Source: Stephen Sadler, CEO & president of Buz.fm
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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