Rockies Venture Club Invests in Three Colorado Companies in February 2020

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The Rockies Venture Club, an angel investing group in Colorado, is on track to beat record year.

RVC-backed companies have shown tremendous growth with over 50% successfully raising a second seed round or Series A and an aggregate increase in net asset value of 30% compounding each year.

After a record-breaking year for venture capital investing in Colorado, Rockies Venture Club (RVC) continues to support a thriving investor community while fulfilling its mission of accelerating economic development in Colorado by mobilizing and educating angel investors. With the latest investments in Buderflys, TiLT, and Vaporox, RVC has made three investments in Colorado companies in February.

Buderflys is a Denver-based startup that is bringing a whole new perspective to earbuds and personal listening. Buderflys earbuds are made of a patent-pending malleable material that allows for earbud fit and comfort. This allows for not only better audio quality, but longer periods of listening with comfort. It is this advantage that Buderflys will leverage with its initial target customer, those that are listening mainly to “spoken content”, i.e. podcasts and audiobooks, versus music (although they sound great with music as well). The podcast/audiobook listener has been directly marketed to very little to date, especially with a product of this quality
and at this price-point.

Career Allies dba TiLT has developed a Human Resource Software Platform known as Talent in Leave Technology or TiLT which helps employees and managers effectively navigate the employee leave process. The software is created to help managers effectively train and support their staff while maximizing the retention and engagement of their teams. The TiLT platform also reduces HR administrative tasks by up to 70% through process automation. After rolling out the initial product focused on maternity/paternity leave Career Allies intends to increase their product functionality to support employees going on leave for disability, sabbatical or in-home caregivers.

Vaporox uses Vaporous Hyperoxia Therapy (VHT), which involves a proprietary combination of vapor, oxygen, and an antimicrobial to promote wound healing. While the VHT product has a broad range of use cases, Vaporox has determined that the diabetic foot ulcer (DFU) treatment market is the appropriate initial target market given VHT’s comparative advantage to other existing treatments for DFUs. In clinical trials, Vaporox has been shown to be able to heal wounds that have never healed in as little as a few weeks. Although VHT is FDA cleared to treat nine different types of wounds, Vaporox will focus on the DFU treatment market because of VHT’s efficacy in treating DFUs relative to other existing DFU treatments.

Rockies Venture Club Executive Director, Peter Adams, added, “these three companies may appear to be quite different, but they share common characteristics in addition to all coming from Colorado. They are all true innovators in their fields, they have the ability to return ten times our investment or more over five years, and two out of three of them are women led companies with at least one woman on the C-level management of the company.“

RVC-backed companies have shown tremendous growth with over 50% successfully raising a second seed round or Series A and an aggregate increase in net asset value of 30% compounding each year. Out of one hundred twenty investments made over the past five years, only three companies in the RVC portfolio have failed, far less than the 35% failure rate most VC funds expect.

The Rockies Venture Club is growing by adding one hundred new angel investors to the group in 2020, bringing it to a total of over three hundred angels. The organization is successful in making profitable investments because of its education programs for both angel investors and entrepreneurs, plus its ability to leverage the skills and wisdom of so many investors to conduct due diligence and make good investment decisions.

Over the last 5 years, RVC has invested in a diverse range of companies from a variety of industries. Although RVC’s investment focus is primarily in Colorado, that hasn’t stopped the organization from investing in startups around the country; leveraging strong syndicate partners as part of the Angel Capital Association. Also, with funding rounds ranging from $200k-$2M, RVC has helped start-ups of all sizes to reach their financial and operational goals in a quick and efficient manner while providing ongoing support to a portfolio of one hundred twenty investment rounds in about fifty companies. Regardless of the size and industry of the start-up, RVC works to help its investors find transparent investment opportunities that meet their risk and return expectations while simultaneously guiding entrepreneurs to creating easy to understand business plans and investor pitches.

About the Rockies Venture Club: Rockies Venture Club is the oldest and one of the largest Angel Groups in the U.S.A., founded in 1985, whose mission is to advance economic development by actively connecting the most promising entrepreneurial companies with Angel investors, venture capitalists, and other community members. Every year Rockies Venture Club offers over 140 educational programs, mastermind groups, Angel forums, and two major conferences for both investors and entrepreneurs.

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Emily Klein
@AngelCapital
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