eCommerce Strategy Consultant - Rick Watson - RMW Commerce Consulting

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Staytuned Raises $34M in Mostly Debt

Staytuned is a global software company that acquires and builds ecommerce applications with a core focus on Shopify.

The Company buys and owns different Shopify apps, and the funding is $9 million in venture capital and $24 million in debt that must be repaid.  An aggregator taking on debt to run a software company is something I would worry about.

Staytuned: Staytuned raises $34M in new funding