home/ portfolio/ the-pistol
Martech · Partial exit

The Pistol

Performance marketing,
done well.

SectorMartech
Entry2013
Rampersand roleSeed · follow
StatusPartial exit
Founded
2011
Melbourne & Austin
Founders
Troy & Steve
Troy Townsend · Steve Hibberd
Rampersand role
Follow
Seed
Outcome
Partial exit
Tech sold, agency retained
Why we invested

Why The Pistol,
and why then.

The Pistol ran the performance marketing play at a time when every brand wanted the answer and no one had the agency bench for it. The team built it, scaled it, and sold the tech – retaining the digital agency and continuing to build market-leading tech products.

We came in as an early-stage follow, stayed on the cap table through to the exit, and stayed for the upside.

The journey so far

The Pistol ×
Rampersand

2013

Early round

Rampersand backed Tiger Pistol's early round to open a Silicon Valley office.

2019

Tech acquired by Next Sparc

The Pistol sold its automated social advertising tech to US-based Next Sparc and continued operating the digital agency.

Partner

MC

Martin Casey

Partner

Martin backed The Pistol from the early round through the tech sale and ongoing agency build.

Explore more

Other Rampersand
companies.

See full portfolio