Ridgemont Equity Partners Announces New Investment in Backstage
Summary
“Ridgemont is focused on identifying data, information, and marketing services investments with strong growth prospects across many industries,” said Jack Purcell, Partner at Ridgemont. Ridgemont’s investment and strategic guidance will enable us to execute our shared vision for the next phase of development for Backstage and continue to meet the evolving needs of our users and the dynamic content industry.” Mike Felman, CFO of Backstage, added, “We built a platform to deliver efficiency to both sides of the marketplace and to help the large market of talent and creators be successful. Experienced digital media executive, James Yaffe, and Cannondale Capital Investors, the family office vehicle of Joe and Dan Ripp, participated in the transaction alongside Ridgemont and will serve on the Board. Backstage is the leading global platform that enables productions, brands, marketing agencies, and businesses to efficiently discover and work with highly-skilled creative talent.