DeepWork Capital

DeepWork Capital - 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 invests in Streann

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 Completes $10.5 Million Series C Financing

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 Invests in Solution for Healthcare Acquired Infections

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 Completes $11 Million Financing

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. 
 

The Fund invests in Intecrowd, LLC

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.

FAN Fund invests in Nanomaterial Company

FAN Investors I GP, LLC (“FAN Fund”) is pleased to announce that it has completed a $250,000 investment in NanoPhotonica, Inc (nanophotonica.com).  The company provides innovative nano-materials and device production technology that enable electronic displays to have higher resolution, more vivid colors, and higher efficiency at significantly lower cost.  NanoPhotonica’s IP portfolio spans Quantum Dots (QDs), related nano-materials, and unique, very low cost production methods that will enable a new generation of so-called QD-based Light Emitting Diode (QLED)  displays to be used in a wide range of electronic devices, including smartphones, tablets, notebooks, and TVs. The company is focusing its resources on smartphone and TV applications in the immediate term.
 
The company has received several million dollars of non-dilutive funding in grants, research sponsorships, and engineering development support revenue from both government and industry.  It has also successfully raised financing from individual investors and economic development groups like Enterprise Florida and Florida Institute of Commercialization of Public Research (FICPR); FAN Fund is the company's first financial institutional investor.  Much of the company's research and development are performed in the Innovation Hub at the University of Florida.  Over the next 24 months, the company expects to continue being partially funded with grants as well as revenue from joint development agreements with major display manufacturers for future QLED production. This market penetration and capitalization approach allows the company to gain additional insights into customer requirements as well as establishing strategic alliances with key industry players.
 
“The FAN Fund clearly understands the potential of our underlying technology while providing valuable insight into how to best focus our team on near-term efforts. Their support is a useful and timely component of our capitalization and growth strategy" said Dr. Chris Morton, CEO of NanoPhotonica.

FAN Fund (DeepWork Capital) Co-leads $1.1 Million Investment in Medical Technology Company, TAO Connect

FAN Investors I GP, LLC (“FAN Fund”) is pleased to announce that in collaboration with New World Angels it has completed an investment in TAO Connect, Inc., a Florida-based medical technology company that provides online mental health treatment over mobile devices using an innovative set of integrated SaaS tools. The funding will be used for TAO’s continued product development, marketing and customer acquisition, and to hire several more full-time employees. The company’s current focus is on the university counseling and wellness center market, and this funding will allow expansion into that market as well as adjacent markets including: individual therapists, Veterans Affairs, and Medicare populations.

“Working with FAN Fund is a win-win collaboration. During discussions, they challenged us to organize our strategic thoughts and be thorough in our narrative. The principals understood our vision and provided helpful contacts and insightful guidance," said Bob Clark, CEO of Tao Connect.

“The decision to invest in TAO Connect lies first in the qualities of the management team: business experience, domain expertise, commitment to the business, and the drive to succeed,” said Mitchel Laskey, managing director of FAN Fund. “Furthermore, over the past year TAO has proven its go-to-market strategy by successfully on-boarding over 20 large university counseling and wellness centers. We are excited to work with this talented team and to be part of an investment group of other experienced investors.”

This investment follows closely on the heels of FAN Fund’s investment in Fattmerchant, an Orlando-based merchant services provider with an attractive pricing model and merchant service tools which greatly enhance the client merchant services experience.

About TAO Connect:
TAO’s innovative online mental health treatment was developed when founder, Dr. Sherry Benton, former head of the University of Florida Wellness Center realized that she would never have enough staff to meet service demand using conventional treatment techniques. TAO has since licensed technology from the University of Florida and expanded on that technology with in-house developed intellectual property which has led to an integrated SaaS solution. The company believes their system of shorter interactive therapy sessions and work modules allows mental health professionals a 2-3 fold increase in the number of patients treated while providing better therapeutic results. For additional information please see http://www.TAOconnect.org