New World Angels completed its fifth transaction of 2014 by funding the majority of a $1 million Series A offering in Miami-based Clarke Industrial Engineering, the investing group said this week. Clarke created the patented ShutterValve, which it says is the first significant innovation in industrial valves in over 50 years. ShutterValve reduces leakage and water hammer, while using less energy.
NWA has now provided over $2.5 million of equity funding to Florida companies since the start of the year.
Other 2014 investments include Kairos, an innovator in providing facial recognition capabilities to large enterprises; OB Medical, a developer of a technologically superior fetal monitoring device which improves physician oversight and patient care during pregnancy & labor; and follow-on investments in Bioceptive, a revolutionary contraceptive device which focuses upon enhancing IUD safety, comfort, and ease of use, and in Aplicor, an enterprise software provider for rapidly growing small & mid-sized businesses.
“These five investments range from software as a service, to medical devices, to old-school industrial manufacturing. In each of these areas, NWA was able to draw upon the core expertise of its 50+ members to assist the entrepreneurs during the due diligence process and after the closing as well,” said Rhys L. Williams, president and co-founder of NWA. “We look forward to helping more early-stage Florida companies achieve their dreams while building significant shareholder value in the second half of 2014.”
Founded in 2003, New World Angels is a group of private investors providing equity capital to early-stage entrepreneurial companies with a significant presence in Florida. NWA has chapters in South Florida and the Tampa Bay area and is typically a lead or co-investor in transactions of $500,000 to $3 million.
Posted July 2, 2014