i2E, Inc. had a record-breaking number of investments in FY2020 with $12.89M in closed investments across its 4 venture funds and concept fund. In total, 19 Oklahoma companies received financing and attracted an additional $16.34M from private investors, for a total of $29.3M invested in Oklahoma-based companies.
i2E Management Company Inc. (iMCI ), i2E’s investment arm, invested $12.5M in 12 companies that needed funds to get them to the next phase of their growth such as expanding sales, operations, FDA approvals, distribution channels, and manufacturing. With $16.0M in matching funds from co-investors, iMCI closed a total of $28.5M in equity-based financing for 12 companies in FY2020.
These Oklahoma innovations range from a nano technology approach to creating and storing low voltage electrical charge, a pen-like device that enables surgeons to detect cancerous tissue in patients during surgery and an oral drug to treat and reverse the effects of fatty liver disease.
Through the OCAST Technology Business Finance Program (TBFP), i2E invested $390K in 7 start-ups. TBFP funds were matched by $342K for a total of $732K in early-stage, project-based financing deployed in FY2020. Funds will be used to advance product development, initiate pilot testing and launch sales and marketing.
i2E has over 20 years of experience in the high growth venture space in Oklahoma. We have grown to be one of the largest growth equity venture funds in the central plains region. We work with entrepreneurs and researchers to get their ideas started and onto the commercialization path. From there we have the investment vehicles and investor connections to navigate them through the various stages of growth.
We will continue to focus on turning Oklahoma’s innovations into successful enterprises…i2E.