Well, I told you we’ve been busy with some new clients. One of them I mentioned earlier was Stuart Skorman’s latest venture, another one that I can now tell you about is Freepath. I wrote about Freepath back in April, when I saw John Stone, their CEO, present at the California Tech 100 put on by Golden Capital (yes they are a client too). I know John from his days at PowerSchool, which Apple owned at the time (they have since sold it to Pearson).
Today, Freepath announced $1.5m in Series A funding led by Velocity Venture Capital of Folsom. Also participating in the round were investors from Strategis Early Ventures (based in El Dorado Hills – heck they’re in the same housing development as me), Sierra Angels, and the Sacramento Angels (yes, also a client of Morgan/Dorado).
Here’s a few links to the first stories about the funding, one from VentureBeat (thanks Matt!), and one from the Sacramento Bee. We’ll update with some more as they come in.
Yes, I know the picture is a little blurry. I took it with my new Blackberry Curve 8310 (yes I know it’s not an iPhone – we have one but not for my primary business smartphone).
It doesn’t look that exciting but what we did was. We work with Sacramento Angels, and tonight we opened up one of their meetings for the first time to a member of the media. The meeting and the company presentations were taped for a future segment on “Your Business” on MSNBC.
The taping went well and the meeting was really well attended. Let’s see how the final product looks when it airs in February.
That’s Tony Sica, Sac Angels president, being interviewed.
The article turned out a little more personality profile than I had hoped, but I guess that’s at the core of angel investing, the individuals, why they do it and what drives them.
Check out the article here:
The Sacramento Angels today announced their investment in Visicon Inspection Technologies. Visicon is based in Napa. Would have loved to make this announcement about a Sacramento-based company. Here’s a link to a short article about the investment in the Business Journal.
Know any smart, local, early stage companies? Tell them to go to SacAngels.org.
A few weeks ago we started working with the Sacramento Angels, and they were kind enough to invite me to join as a strategic member. One of the recent funding rounds that they participated in was disclosed yesterday and covered this afternoon in the Sacramento Business Journal here. The company is Braincandy from Seattle. Check em out!