Jurassic Invests $4M into Corevist in follow-on round

Today, we’re excited to announce our second investment in Corevist, a Durham, NC-based B2B eCommerce platform focused on serving large manufacturers using SAP.

A little over two years ago, we made our first investment as Jurassic in Corevist, kicking off our journey with Founder Sam Bayer and his team. We had been impressed by their bootstrapped upbringings, significant industry expertise, and passion for growing the company. Over the last couple years, we helped support the team by bringing on accomplished executives from our network to complement the group already there, helping grow the company significantly during that time.

Alongside this Series B investment, Sam is retiring in his role as CEO, graduating to the Board of Directors and taking a well deserved break. We want to thank Sam for his incredible effort to get the company to this point, setting up an infrastructure primed for growth.

We’re thrilled for Andy Martin, a longtime SAP ecosystem veteran, to join Corevist as CEO. In 2003, Andy co-founded Utopia Global, which focuses on extending SAP’s Data Governance module and was recently acquired by Prometheus Group. Andy has been advising Corevist leading up to this and is a natural fit as our new partner at Corevist.

Joining us in this investment were a number of investors, including Recurring Capital, an Austin, TX-based capital partner with significant operating expertise that specializes in growth capital for SaaS businesses, as well as Halstatt, a Naples, FL-based women-owned investment firm that has been instrumental in developing Florida for over a half century and now invests over a broad range of asset classes. We’re looking forward to utilizing our new partners’ vast experience with companies of this profile to help Corevist grow even faster.

Onward!

Kevin, Joe, and Chrissy