EXPERIENCE OF OUR FOUNDER

 Mr. Furnas served on the Board of Intermolecular, Inc. (NASDAQ: IMI). In addition to serving on the Audit and Compensation Committees, he helped transition the company serving Tier 1 memory manufacturers including Samsung and Micron from a project-based revenue model to a recurring software-as-a-service model. As a result of these efforts and effective expense management, the firm was acquired for $62 million by Merck KGaA, Darmstadt, Germany, a leading science and technology company.  

As a member of the team at Raging Capital Management, Mr. Furnas led due diligence on a number of successful private investments including a Series B and subsequent investments in Shape Security. Shape grew revenue to $70 million and was acquired by F5 Networks (NASDAQ: FFIV) for a value of $1 billion. He also helped underwrite the firm's Series A and subsequent investments in Toast (NYSE: TOST), a software-based point-of-sale system, which eventually raised $870 million in an initial public offering in 2021.

Prior to SpringForge, Mr. Furnas held significant roles in Corporate Development and Mergers & Acquisitions:

• TIBCO Software: As an M&A Advisor, Mr. Furnas worked with TIBCO, an enterprise-data management firm based in Santa Clara, CA with ~2,500 employees and ~$1 billion in revenue. He assisted TIBCO in effectuating a transaction that resulted in a merger with Citrix Systems (NASDAQ: CTXS) and sale to Vista Equity Partners and Evergreen Coast Capital for a total value of $16.5 billion.

• Preferred Growth Properties: As Chief Financial Officer, Mr. Furnas helped bring a major national retailer to the Birmingham metropolitan area with a development package including municipal incentives and bank financing. In addition, he oversaw all aspects of the company's operations including tenant and banking relationships.

Prior to SpringForge, Mr. Furnas completed successful engagements specializing in Financial Operations and Planning:

• Books-A-Million: Mr. Furnas served as Group Vice President, overseeing all aspects of Budgeting, Treasury and Cash Flow Management, Risk Management, Insurance, and Financial Planning & Analysis. He also coordinated Real Estate activities in support of BAM!’s largest year of net store growth in the past decade.

• Royal Cup Coffee: Mr. Furnas served in a Director role, helping the company recover from a difficult post-COVID environment by focusing on cash flow and treasury management in coordination with bank partners.