Monday June 4, 2018 0 comments
FORT COLLINS -- Vortic Watch Company, a Colorado-based company that recovers and refurbishes antique American-made pocket watch movements to create bespoke wristwatches, announced it has closed its $500,000 investment round.
Major investors include Rockies Venture Club and Techstars co-founders David Cohen and David Brown.
It is the company’s second investment round.
“Every watch we handcraft has a story, and we have repeatedly seen that there is growing market demand for handcrafted analog timepieces in our digital world,” said Vortic co-founder and CEO R.T. Custer.
“Thanks to these investments, we have developed some exciting product lines and affinity partnerships that will bring Vortic watches to retail stores around the country.”
Founded by Custer and Tyler Wolfe, Vortic combines the cutting-edge technology of metal 3D printing with recovered and refurbished antique American-made pocket watch movements to create bespoke wristwatches that are unique, functional and elegant.
The founders discovered there are hundreds of thousands of antique pocket watch movements that have become “orphaned” from their original precious metal cases. Vortic then sources, repairs and converts the antique parts into custom-made wristwatches housed in 3D-printed casing.
“We’re excited to have David Cohen and David Brown investing alongside RVC in Vortic,” said Dave Harris, COO of Rockies Venture Club, the largest angel investment group in Colorado.
“This is a great success story for the Northern Colorado community and is a shining example of the quality of the investment opportunities in this area.”
Founded in 2013, Vortic sold approximately 400 watches in 2017 and is on track to sell more than 700 in 2018. The company’s flagship American Artisan Series features salvaged American pocket watch timepieces restored and built into custom wrist watches.
Vortic watches have been featured in the New York Times, The Boston Globe, WatchTime Magazine, About Time Magazine, on NPR and in many other media outlets.
Additionally, Vortic watches are in displays at the NAWCC Museum in Columbia, Penn., as well as the Charles River Museum of Industry in Waltham, Mass.