Friday March 6, 2020 0 comments
DENVER -- After a record-breaking year for venture capital investing in Colorado, Rockies Venture Club (RVC) said it is continuing to support a thriving investor community while fulfilling its mission of accelerating economic development in Colorado by mobilizing and educating angel investors.
RVC said it made three investments in Colorado companies in February:
Buderflys is a Denver-based startup that is bringing a new perspective to earbuds and personal listening. Buderflys earbuds are made of a patent-pending malleable material that allows for better earbud fit and comfort.
Career Allies dba TiLT has developed a Human Resource Software Platform known as Talent in Leave Technology or TiLT which helps employees and managers effectively navigate the employee leave process.
Vaporox uses Vaporous Hyperoxia Therapy (VHT), which involves a proprietary combination of vapor, oxygen, and an antimicrobial to promote wound healing.
“These three companies may appear to be quite different, but they share common characteristics in addition to all coming from Colorado,” said Peter Adams, RVC executive director.
“They are all true innovators in their fields, they have the ability to return 10 times our investment or more over five years, and two out of three of them are women-led companies with at least one woman on the C-level management of the company.“
RVC-backed companies have shown tremendous growth with more than 50% successfully raising a second seed round or Series A and an aggregate increase in net asset value of 30% compounding each year.
Out of 120 investments made over the past five years, only three companies in the RVC portfolio have failed, far less than the 35% failure rate most VC funds expect.
Rockies Venture Club said it will add 100 new angel investors to the group in 2020, bringing it to a total of more than 300 angels.
RVC said it is successful in making profitable investments because of its education programs for both angel investors and entrepreneurs, plus its ability to leverage the skills and wisdom of so many investors to conduct due diligence and make good investment decisions.
Over the last 5 years, RVC said it has invested in a diverse range of companies from a variety of industries. Although RVC’s investment focus is primarily in Colorado, that hasn’t stopped the organization from investing in startups around the country, leveraging strong syndicate partners as part of the Angel Capital Association.
Also, with funding rounds ranging from $200k-$2M, RVC said it has helped startups of all sizes reach their financial and operational goals in a quick and efficient manner while providing ongoing support to a portfolio of 120 investment rounds in about 50 companies.