Copyright © 2013, The Oklahoma Publishing Company
A pair of investment funds managed by i2E Inc. recently closed a $500,000 Series A investment round in Tulsa’s ICEdot.
The i2E managed funds led an investment round of $1.03 million, which included co-investment from Oklahoma angels and out-of-state strategic investors. i2E investment included $300,000 from its StartOK Accelerator Fund and $200,000 from its OK Angel Sidecar Fund.
ICEdot has created an crash sensor attached to the safety helmet of cyclists, skiers, snowboarders, BMX bikers and other action sport participants. The ICEdot Crash Sensor detects forces consistent with head injury and notifies emergency contacts of the owner’s GPS coordinates via text message.
With worldwide exclusive license to the sensor technology, ICEdot is the only service that combines health data, sensor-based detection and notification services.
“With this funding we will be able to manufacture our highly anticipated crash sensors,” said Chris Zenthoefer, ICEdot’s chief executive officer. “Transitioning from prototypes to production is an exciting time, and we are eager to take our product to the market.”
The crash sensor is expected to commercially debut at this year’s edition of the Saint Francis Tulsa Tough, June 7-9.