Banzai appoints Matt McCurdy as VP of sales to lead growth strategy

SEATTLE - Banzai International, Inc. (NASDAQ:BNZI), a technology company showing impressive revenue growth of 53% over the last twelve months and maintaining strong gross margins of 76%, announced today the appointment of Matt McCurdy as Vice President of Sales to spearhead the company’s strategic growth initiatives. According to InvestingPro analysis, the stock appears to be trading near its Fair Value, with analyst price targets ranging from $10 to $240.

McCurdy will focus on enterprise customer adoption of Banzai’s AI-enabled marketing and sales solutions, including Demio, CreateStudio, and OpenReel. He brings over 20 years of experience in the software, healthcare, and technology industries, having previously led teams across startups, venture-backed, and public companies. For deeper insights into Banzai’s financial health and growth prospects, InvestingPro subscribers can access 13 additional ProTips and comprehensive analysis in the Pro Research Report.

Most recently, McCurdy served as Vice President of Sales and Partner Success at Mantra Health, Inc., a digital mental health provider. His prior roles include Senior Vice President of Global Enterprise Sales at CreatorUp and Vice President of Sales at Panopto, where his leadership contributed to significant revenue growth leading to a successful exit.

"His deep expertise and strategic approach to sales will be instrumental as we continue to scale Banzai and deliver exceptional value to customers," said Joe Davy, Founder and CEO of Banzai, in a press release statement.

In his new position, McCurdy will be responsible for sales strategy and enterprise account development, leveraging his experience in navigating strategic accounts in the software, healthcare, and technology sectors.

Banzai International provides AI-enabled marketing and sales solutions for businesses of all sizes. With a current market capitalization of $10.13 million and recent stock momentum showing a 25% gain over the past week, the company reports having over 90,000 customers, including RBC, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign.

In other recent news, Banzai International Inc. reported a substantial revenue growth of 213% for the first quarter of 2025 compared to the previous year. Despite experiencing a net loss, the company noted improvements in gross profit and margin, as well as advancements in its AI-driven product offerings. Additionally, Banzai has secured an $11 million debt facility with an institutional investor to support its growth initiatives, including acquisitions and operations. The financing arrangement includes an initial tranche of $2.2 million, maturing on June 30, 2026, with a 10% annual interest rate.

The company also announced a one-for-ten reverse stock split of its Class A and Class B common stock, effective July 8, 2025, intended to increase its per share price and maintain compliance with Nasdaq’s minimum bid price requirement. In terms of leadership changes, Dean Ditto has been appointed as the new Chief Financial Officer, effective July 14, 2025, succeeding Interim CFO Alvin Yip, who will become the Chief Accounting Officer. Furthermore, Michael Kurtzman has been named Chief Revenue Officer, overseeing operations and customer-facing functions for Banzai’s video engagement and webinar solutions. These developments reflect Banzai’s ongoing strategic efforts to enhance its financial standing and operational capabilities.

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