Download the press announcement here [PDF]: Press Release – VC Fund Makes Anchor Investment in VentureSpur – Feb 26 2013
From the press announcement:
Venture Capital Fund Makes Anchor Investment in VentureSpur Fund II
Major venture capital firm provides capital and expertise to double size of accelerator program
OKLAHOMA CITY, OKLA. (February 26, 2013) – VentureSpur announced today that a leading venture capital firm had agreed to become the anchor investor for the accelerator’s Fund II and to partner in development of a 2013 program at least twice the size of the 2012 program.
Based on the accelerator’s success with Fund I and Pitch Day 2012, Trailblazer Capital, with offices in Dallas and Oklahoma City, has agreed to provide initial capital for Fund II. VentureSpur had recently announced the successful closing of a Series A investment round by startup company RaiseMore, a 2012 accelerator participant.
Trailblazer Capital specializes in early stage and growth capital investments in networking, mobility and enterprise software. Recent investments include Entouch Controls, Koupon Media, Vobi and Nitero. Spawn Labs, an early Trailblazer investment, was acquired in 2011 by GameStop (NYSE: GME).
“VentureSpur plays a vital role in providing early stage companies with the expertise and resources they need to become viable venture capital investments in the central US. This is a strategic investment for us, aimed at ensuring that our region can attract and keep competitive startup companies and talent that, in turn, ensure that there are great deals and great companies growing in our region,” said Joel Fontenot, Managing Partner with Trailblazer Capital.
“We are delighted to have Trailblazer Capital as our anchor investor for Fund II,” said Kraettli L. Epperson, Managing Director of VentureSpur. “They were great event sponsors and panelists for Pitch Day 2012, and we know they’ll help us attract the best applications and the best mentors in the region,” said Epperson.
VentureSpur plans to admit at least eight startup teams into its 2013 accelerator program, and will be announcing the program schedule in the near future.
VentureSpur is a seed fund and venture accelerator located in Oklahoma City. The accelerator provides startups with seed investment, a 12-week “boot camp,” mentorship from successful entrepreneurs, office space, free services and access to venture capital, in exchange for equity. For more information, visit www.VentureSpur.com.
About Trailblazer Capital
Trailblazer Capital is an early stage and growth venture capital fund focused on companies based in Texas and Oklahoma. The management team and partners are comprised of successful entrepreneurs. Depending on the opportunity, Trailblazer Capital will lead or co-lead an investment round and commit $500,000 to $5,000,000 into each portfolio company. The fund is focused on opportunities in networking and telecommunications, wireless, software and hardware, and enterprise software focused on security, social networking, cloud computing, ecommerce and digital media. For more information, visit www.TrailblazerCap.com.
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