Jason Pearsall

And they needed custom development that exceeded, you know, then a fairly small dev team.

And so had raised and gotten committed.

I think it was like 300,000 short of my series A.

It started off with a $600,000 seed round that I funded a good portion of, then went to raise a $2.5 million Series A, had raised about $2.2 million.

And an organization called Constellation Software out of Canada, you know, approached us about an acquisition and, you know, happy to tell that story, but ended up selling Club Caddy to Constellation in 2020.

They hired me and I worked for them today.

No, it was no 2019 and it wasn't almost going bankrupt.

It was just like I was having more go out than I could afford to go out for an extended period of time.

And I knew that if, you know, we didn't either raise capital or figure out a long term solution that eventually that would be where we were headed.

But we weren't like close to shutting down the doors.

I was just maybe dramatizing that we didn't I couldn't afford to support the business by myself or continue to bootstrap the business by myself.

I only raised $600K before the CSI acquisition.

We raised a $600K seed round that got us to about 2019.

In 2019, I started fundraising a Series A and spent about 15 months getting check commitments and almost had the round closed and then Constellation came into the picture.

So CSI is the, for especially people who may not have the background, is the largest acquirer of vertical market software companies in the world.

They own 2,000 other brands and labels, like Club Caddy, that are all either top or one or two in the specific vertical that they service.

So hospitals, legal, hotels, yacht clubs, every vertical needs software.

Constellation Software is the market leader in private club software globally.

They have 55 percent market share and they had one of those legacy solutions that, you know, I had mentioned there were mature server based solutions, there were immature cloud based solutions, and we were the first

full club based management software that was cloud based.