friend Ben Sperry founded the company in 2012. (Sperry is still with Ionic, serving as the startup’s chief design officer.) That total includes an $8.5 million Series A funding round that closed in the spring of 2016.
Lynch says it’s possible that Ionic will raise another round of outside financing in the future. He and other leaders at the company have been paying attention to recent trends in the funding market, and they feel that “the best move is to not need to raise [additional] funding,” Lynch says.
“We have plenty of cash, still, from our Series A,” he says. “The growth that we’re seeing is making us excited about the idea of getting to a little more financial independence.”
