(West Palm Beach, FL) January 11th, 2017 -- Florida Angel Nexus (“NEXUS”) launched its first angel investing group in South Florida; the NEXUS Palm Beach inaugural event was held on Wednesday, January 11th, at the West Palm Beach offices of Gunster.
With a breathtaking view of the intracoastal from the Gunster offices on Flagler Drive, five companies presented themselves to qualified investors from Palm Beach, Florida. NEXUS Palm Beach founding members, Beth Corson of Boardwalk Advisors, LLC and A.J. Ripin of Merging Traffic worked alongside NEXUS Chairman & founder Michael O’Donnell , NEXUS Director & founder Blaire Martin, and Caroline Castille of NEXUS Investor Relations to showcase early-stage companies at the well-received event.
“As Palm Beach County continues to expand its infrastructure to support startups, we intend to cultivate this strong momentum into long-term sustainability and growth,” said Founding Member of NEXUS Palm Beach, A.J. Ripin.
Investor attendance hit a new record for NEXUS.
“We were thrilled to be a part of the inaugural event for the Florida Angel Nexus. We look forward to being a part of future events as the chapter grows in South Florida,” said David Bates, Shareholder and Chair of Technology and Entrepreneurial Companies Practice Group of Gunster.
During this invite-only event, five early-stage companies from around the state presented to Florida’s top investors. The presenting companies have technologies from various industries such as pet healthcare tech, food/beverage tech, and environmental/clean tech.
“I cannot overemphasize the important role startup companies – and the investors who drive them toward success – have in building the economy,” said David Day, Director of the Office of Technology Licensing and Vice President of Technology Transfer at the University of Florida. “Entrepreneurs have vision. They see a need and attempt to meet it and work incredibly long hours to make it happen. It’s exciting to see angel investors come alongside and give startups the support they need.”
The five presenting companies included Trimauxil, Actionable Quality Assurance, Intecrowd LLC, Paleoganic, and Aquaco Farms. Trimauxil, AuxThera LLC's flagship product, is a prescription dog food supplement supporting weight loss in companion dogs and addresses the #1 health issue facing companion animals today. Actionable Quality Assurance is a SaaS technology company that provides a digital, automated platform to minimize food safety risks built specifically for restaurants. Intecrowd LLC is a Workday services and software partner focused on cloud-based system integration. As companies continue to install Workday's enterprise applications, integrating them with other enterprise systems is critical for successful deployments and efficient operations, which Intecrowd builds. PaleoGanic develops and distributes delicious, nutritious soups made of super foods that improve the immune system without harmful ingredients. AquaCo Farms has a grow-out facility designed to be one of the largest, most sought after and credible fish source for Pompano, with zero impact on the wild population. Their aquaculture model can be realized in many other locations as well.
Florida Angel Nexus works with many institutions, accelerators, and incubators to connect early-stage companies with potential qualified investors.
“This is a very exciting moment in the maturation of Florida's innovation economy," said CEO, Florida Institute for the Commercialization of Public Research, Dr. Jackson Streeter. "The new companies and critical products spawning from Florida's great universities is tremendous. The Institute welcomes NEXUS Palm Beach to the community as we all work together to accelerate investment and job growth across Florida.”
Since 2013, NEXUS members have invested $12.1 million into 47 companies, a total of $19.5 million including co-investors outside NEXUS. In addition, hundreds of companies have received feedback, mentorship, and network connections. NEXUS investors are confident in having access to a quality deal flow in emerging growth companies to evaluate.