Marketing startup files bankruptcy

The Mobile Growth Agency’s website. (Screenshot)

A 4-year-old Denver-based marketing agency has closed and filed for Chapter 7 bankruptcy.

The Mobile Growth Agency, which worked with mobile apps to increase their number of uses, has filed to liquidate its assets through a Chapter 7 bankruptcy filing.

According to bankruptcy documents filed on April 26, The Mobile Growth Agency owes $1.7 million to fewer than 50 creditors. The company listed assets between $500,001 and $1 million.

Founder and CEO Hamilton Bolduc signed the bankruptcy petition. He could not be reached for comment.

The marketing agency worked at Galvanize’s coworking space until the end of February. (BizDen file photo)

Attorney Robertson B. Cohen with Cohen & Cohen, who is representing the company in the proceedings, declined to comment.

The marketing agency, which lists seven employees on LinkedIn, worked at Galvanize’s Golden Triangle coworking space. According to a Galvanize employee, the startup moved out at the end of February.

Bolduc started the company in 2015. According to court filings, the agency’s revenue dipped in recent years, from $1.5 million in 2017, to $950,000 in 2018 and $131,512 in 2019 by the time of the filing.

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