DeepWork Capital, LLC the manager of the FAN Investment Funds is pleased to announce that its investment committee has authorized an aggregate investment of $500,000 to “2019 Rise of the Rest” event winners or other finalist participants in the four Florida cities included in the tour.
DeepWork's Managing Partner Ben Patz recently spoke to Orlando Business Journal about the challenges (and opportunities) Florida entrepreneurs have when raising venture capital in the state.
"I think we [Florida] are severely underserved. That's one of the basic themes for DeepWork Capital, to attack an underserved marketplace."
DeepWork Capital was mentioned in Orlando Sentinel as the most active VC investor in Florida.
CB Insights identified the most active VCs in each state over the past five years and DeepWork Capital was identified as the most active in Florida.
Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. Florida is one of those hotbeds of activity and we are happy to report that our advancement of that growing market has not gone unnoticed!
DeepWork Capital is pleased to announce its investment in Streann Media. Streann provides a SaaS platform that empowers small and medium sized content providers with distribution, engagement and monetization tools and rich multi-media experience across a wide array of devices via over-the- top (OTT) internet services.
Fattmerchant today announced it has closed $10.5 million in new financing. The Series C round is led by Fulcrum Equity Partners, DeepWork Capital (FAN Fund) and VenVelo and is instrumental in the formal development of Fattmerchant’s cutting-edge technology platform. This is the second funding round led by the group within the last nine months.
The Fund is pleased to announce its investment Prescient Logistics, LLC DBA RepScrubs® (RepScrubs). RepScrubs provides a turnkey solution designed to manage vendor attire that helps hospitals reduce the risk of healthcare-acquired infections, improve security inside the operating room, and reduce costs associated with providing vendor scrubs. RepScrubs provides time sensitive vendor attire that ensures every vendor is wearing clean disposable scrubs which provides healthcare facilities with the opportunity to reduce expenses associated with vendor activity while enhancing patient safety and sterile protocols.
Homee, an on-demand property maintenance platform that provides homeowners and property managers with instant access to skilled service providers, announced today that it has closed an $11 million financing, bringing the total invested in the Company to $15 million. The Company experienced dramatic growth over the past year, and the influx of capital will permit Homee to launch new markets and expand its growing vendor network throughout the United States.
FAN Investors I GP, LLC (“FAN Fund”) is pleased to announce that it has completed a $250,000 investment in Intecrowd, LLC (intecrowd.com). The company is one of a very limited set of Workday service partners. Workday is an innovative cloud-based Financial and HR business solution provider that has experienced rapid growth (over 40% CAGR) since its inception about 10 years ago. Intecrowd has designed and deployed over 275 payroll integrations to some of the largest businesses in the world (e.g., Expedia and Pandora). The company utilizes in-house developed tools leveraging a UCF technology license to streamline the integration process, develop easy to maintain solutions and provide support for integration, testing, and day-to-day operations.
The company has raised approximately $1.8M as part of a Class A Unit offering, primarily from individual investors but also from the Florida Institute of Commercialization of Public Research (FICPR); FAN Fund is the company's first financial institutional investor. Over the next 24 months, the company expects to continue to add Workday payroll integration specialists as well as refine it innovative software tools.