Valley Growth Ventures Invests $400K in Portfolio Companies
YOUNGSTOWN, Ohio – Valley Growth Ventures has invested nearly $400,000 in its four portfolio companies, part of a total $5.3 million that have been invested in them.
“We at VGV are proud of the portfolio we have built to date and are excited that each company is positioned to navigate the current environment and drive toward a successful future,” said managing director Ernie Knight in a statement. “The support we have received throughout the Mahoning Valley has been tremendous, and we look forward to rewarding our investors with strong financial returns,.”
Valley Growth Ventures is a $6 million micro venture fund established in 2018. In addition to providing investments to its portfolio companies, Valley Growth Ventures also provides guidance and operational resources to help businesses expand.
Its four portfolio companies are S4 Medical, a medical device company focusing on solutions to cardiac procedures to treat atrial fibrillation; DAtAnchor, a data security company providing encryption, automated data governance and dynamic access controls; MedaSync, a business intelligence and decision support software company aimed at nursing homes; and MedPilot, a patient financial engagement platform providing medical offices revenue cycle management companies and practice management systems.
“When you’re building a startup, you need all the help you can get! Valley Growth Ventures has fully rolled up their sleeves to help us in a multitude of areas like company strategy, business development, and marketing,” said MedPilot co-founder Matt Buder Shapiro in a statement. “Valley Growth Ventures has been extremely strategic for our company. They’ve done everything from introducing us to one of our largest customers to helping us best position our company for investors.”
Copyright 2020 The Business Journal, Youngstown, Ohio.