FOR IMMEDIATE RELEASE
CaddieNow Closes on $3 Million Funding Round
The mission to preserve and protect caddie programs becomes stronger
Haymarket, VA (May 31, 2019) – CaddieNow, the nation’s most trusted caddie program, announced the successful close of a $3 million series A round of funding. The additional resources strengthen the company’s ability to expand into the nation’s top private and resort courses. The round was led by a strategic investor group with the assistance of Parchman, Vaughan and Company LLC and Attentive Law Group.
“We are excited to continue to advance our mission, which is to preserve and protect existing caddie programs while creating hundreds of new programs and thousands of new caddies,” said Dave Cavossa, CEO and founder of CaddieNow. “We have had great support since our launch four years ago and we are thankful to the angel investors who helped get us here.”
The new funding will be allocated primarily to further developing CaddieNow’s technology platform, expanding its sales and marketing teams, and further equipping its customer service team.
CaddieNow is currently active at over 110 private golf clubs and resorts, using in aggregate over 5,000 caddies located in 13 states. With the caddie and golf labor market expected to reach $2 billion in size by 2025, CaddieNow is well-positioned to support this growth.
CaddieNow is the Nation’s most trusted caddie service platform that pairs golfers with caddies, protects and preserves existing caddie programs at top clubs and resorts, and promotes the occupation of caddying by elevating the standards of caddie services. Founded in 2015 and headquartered outside Washington, DC, its mission is to grow the game of golf through youth caddies and make them widely and easily accessible to golfers of all skill levels at affordable prices. The company’s service is operating at more than 110 courses in eight states, including some of the top 100 clubs around the country. It is also used by thousands of golfers at tournaments and special events. For more information go to http://www.CaddieNow.com