Three months after LockPath closed a $6 million Series B round and shed light on plans to double its staff in the immediate future, the Overland Park, Kan.-based company’s longer-term plans are coming into focus.
LockPath, which makes governance, risk and compliance (GRC) software, expects to add a total of about 100 new employees in the next five years and will soon move into a larger Overland Park office (located at College Blvd. and Quivira Road) to accommodate the anticipated growth, the Kansas Department of Commerce and the Overland Park Chamber Economic Development Council announced today.
In July, LockPath announced it had raised a $6 million round led by El Dorado Ventures. The fund-raise, which was LockPath’s second in 13 months, brought the company’s total capital raised to $9 million. LockPath CEO Chris Caldwell (right) said then the funds would help usher in a period of aggressive growth for his company, which had 26 employees at the time.
Founded in 2009 by Caldwell and Chris Goodwin, LockPath has called the Kansas City area home from the outset. Today’s announcement would appear to signal the company’s continued commitment to its hometown.
“Even though it’s been tempting to move LockPath’s operations near or in Silicon Valley, the greater Kansas City area actually has a healthy technology and security scene, which fits us nicely,” Caldwell said in a press release. “Plus, being centrally located has its advantages when working with customers on both coasts.”
For more on LockPath, see a sampling of our previous coverage of the company:
- “Eyeing big market opportunity, LockPath closes $6 million Series B“
- “In MIT Showcase, LockPath sees chance to catch more eyes“