Knoxville, TN (PRWEB) August 17, 2014
OnCore has developed a remarkable hollow-steel core golf ball with all the characteristics of champion play balls, but with a dramatic reduction in hooking and slicing. OnCore received its USGA approval in October of 2013 and represents the first great advance in golf ball technology since the advent of tuned dimple patterns.
Buffalo-based OnCore has extensively patented its innovations. OnCore launched its highest performing hollow metal core ball, the MA-1.0, at the 2014 PGA show. The ball was named one of the Top Products of the show by the Golf Channel. Keith Blakely, Chairman of OnCore Golf, said, “We’re delighted that ACG’s early stage investment produced increased confidence and interest in OnCore, so much so that an equity participation became the natural next step for them. We’re very excited about the future of our business and the role that ACG has taken in helping to finance our transition to commercial success has been tremendously helpful.”
Eric Dobson, CEO of Angel Capital Group, elaborated on the advantages of the company, saying, “OnCore hit all of our buttons, great management, clear vision, proven execution, great product, and a strong IP position.”
About Angel Capital Group
Angel Capital Group is an “angel” capital private equity network with 200 members in six cities across five states including Denver, Co; Kansas City, Mo; Nashville, TN; Knoxville, TN; Charleston, SC; and South Florida (Ft. Lauderdale). The company was founded in 2008 in Nashville, TN and is headquartered in Knoxville, Tennessee. ACG has invested $4M in 35 companies across a variety of market sectors. ACG invests in 8 – 12 companies out of over 500 applications it receives per year. ACG’s resources have been used to create over 100 jobs across the portfolio and have generated over $12M in follow-on investment capital for these companies. For additional information about Angel Capital Group and its investment criteria, visit online at http://www.theangelcapitalgroup.com, @angelcapitalgr, https://www.facebook.com/angelcapitalgroup.