A Ponca Tribe of Nebraska member who sold a minority stake in his company to the economic development arm of the Winnebago Tribe of Nebraska is bringing the startup back home.
The Ponca Tribe’s economic development corporation, OSNI Ponca, on Friday closed on the purchase of Perfecta Media, a four-year-old digital media and design startup that employs about 30, along with contractors and interns. Perfecta is the parent to Blabfeed, a digital signage company that has about $1 million in annual revenues.
Terms of the deal were not disclosed.
“This represents something much bigger than another startup acquisition,” said Blabfeed founder and Chief Executive Keith Fix-Knudsen. “I am eager to help expand OSNI Ponca’s efforts by adding jobs, internships, code school training and much more to my fellow tribal members.”
The acquisition of Blabfeed marks the first time a member of Omaha’s Startup Collaborative has been bought by another company.
Fix-Knudsen first pitched the idea for a digital signage company at a business plan competition in 2012 while a student at the University of Nebraska at Omaha. Press coverage of the idea caught the eye of the Winnebago tribe’s economic development arm, Ho-Chunk, which then seeded the company with its start-up investment.