OKLAHOMA CITY, OKLA. (January 24, 2013) – VentureSpur announced today that RaiseMore, a participant in the accelerator’s inaugural 2012 program, has closed a Series A venture capital investment in excess of $500,000.
Capitalizing on momentum gained at VentureSpur Pitch Day 2012, the funding round was provided by a group of Oklahoma investors who had become aware of the company through VenturSpur’s acceleration program.
RaiseMore credits their VentureSpur experience, and the contacts and knowledge they gained through the program, for their fundraising success.
“We met our investors through events at VentureSpur, and were able to put what we’d learned in the program to use during our pitch and negotiations. It was really an amazing experience,” said Devan Twyman, CEO of RaiseMore.
“VentureSpur’s mentors were there with us, every step of the way.”
The new investment will allow the company to launch its 2013 growth and development plan, including hiring additional staff, completing a new version of its product and starting an ambitious national sales plan.