SponsorCX Receives Growth Equity Funding

SponsorCX, a Lehi, UT-based provider of a SaaS sponsorship management platform, received a growth equity investment from Blueprint Equity.

The amount of the deal was not disclosed. In conjunction with the investment, Michael Merritt from Blueprint Equity will join the Board of Directors.

The company intends to use the funds to plans to deploy the funding to further invest in client support, sales, and engineering teams, as well as add new software features to further support its current and prospective customer base.

Led by Jason Smith, founder and CEO, SponsorCX is a sponsorship management platform within the sports, entertainment, non-profit, arts, and events industries. Its platform streamlines its customers sales, fulfillment, and inventory to increase operational efficiencies and maximize revenue.

The property platform is used today by many properties, such as Clemson University Athletics, Real Salt Lake, Barrett-Jackson Auction Company, Van Wagner Sports & Entertainment, and the National Association of Clean Water Agencies (NACWA).