Wednesday May 30, 2012 0 commentsBOULDER - AdvoCharge, a Boulder-based independent merchant service provider, announced it was received an undisclosed investment from David Cohen, TechStars co-founder and CEO.
Cohen, known for his investment in early-stage technology companies, said AdvoCharge was a good investment.
"A number of the TechStars businesses are currently working with AdvoCharge and have realized significant savings - as much as 80 to 90 percent over the fees they had been paying to their previous credit card processor," Cohen said.
"We are thrilled to be working with David," said Mark Tracy, AdvoCharge's CEO. "David has learned a great deal about what makes startups successful and has a tremendous network. We're excited to learn from him, to leverage the relationships he's developed and to positively impact those contacts.
"With David's investment, we will more actively cultivate our relationships both in and out of the tech space and develop tools and processes to help our merchants be even more successful."