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InfoReady hits 800 percent growth in three years

InfoReady recently won one of Ann Arbor SPARK's FastTrack Business Awards, which recognizes local companies with 20 percent annual average growth over three years. Except the Ann Arbor tech startup's growth numbers are much bigger.

The 4-year-old firm has closed 800 percent revenue growth over the last years. Sales of its research grant writing and management software continue to take off as the company grows beyond Michigan.

"Most of that growth has come from more than 50 clients now," says Bhushan Kulkarni, CEO of InfoReady. "We're getting a real national footprint. We have clients in 25 states."

The GDI Infotech spin-off's software platform helps researchers find and apply for the best grant opportunities and then review and track progress of the project. It also had features that matches researchers with other research projects. Most of its client so far have been in the medical sciences and engineering areas of research & development.

InfoReady raised $2 million in seed capital shortly after it launched. It plans to begin raising a Series A round late next year or early 2016. It has hired eight people over the last year, expanding its staff to 25 employees. It also is looking to hire another six people now to help accommodate its growth next year.

"We expect to double in size in 2015," Kulkarni says.

Source: Bhushan Kulkarni, CEO of InfoReady
Writer: Jon Zemke
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Related Company

  • InfoReady
    3775 Varsity Drive
    Ann Arbor, MI 48108 Website
    The In4Grants pre-award grant-management system combines the power of online search, social media and application software.

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