We are excited to announce that VentureSpur 2013 graduate, OrderMyGear, is off and running with additions to the management team and a completed investment round.
Download the announcement here: Press Release – VentureSpur Startup OrderMyGear Completes Funding Round – Adds Management – Feb 17 2014 [PDF]
Read the full announcement:
VentureSpur 2013 Startup, OrderMyGear, Raises Investment, Adds Management
Startup builds on momentum of VentureSpur Pitch Days, Raises Major Round
DALLAS, TEXAS (February 17, 2014) – VentureSpur announced today that OrderMyGear, a graduate of the accelerator’s 2013 program, has closed a $550,000 investment round on a multi-million dollar valuation and added serial entrepreneurs Len Critcher as CEO and Chris Camillo as an advisor. The investor group, which included Critcher and Camillo, discovered the company through VentureSpur’s 2013 acceleration program.
OrderMyGear.com, based in Dallas, provides a platform for sporting goods dealers to create and manage online stores for team uniform and equipment sales. Customers include over 120 local team sporting goods distributors throughout the US and Canada and annual revenues reached nearly $1M in 2013. The company was founded by Kent McKeaigg, who now serves as COO.
“I’m very excited to be joining OrderMyGear as CEO,” said Critcher. “The conditions are right for disruption of this highly fragmented market. With this investment round, we’re confident that we can quickly bring OrderMyGear’s innovative sales and service platform to the over 46 million kids playing team sports,” said Critcher.
According to McKeaigg, “Joining the VentureSpur accelerator has been transformative for my business. Through the program and Pitch Days, we were able to not only locate the growth capital we needed, but also attract some of the nation’s top web sales and e-commerce leaders to join our team. The outcome for this business has been outstanding.”
Previously, Critcher, a serial entrepreneur, founded eCarList in 2006 with $250K in startup capital and led the company through its acquisition by DealerTrack in 2011 for $48MM. eCarList provides car dealers throughout the US with a web-based inventory management and distribution platform, vehicle pricing analytics, and search and marketing solutions. Critcher is a recognized authority in online inventory management and marketing and has been profiled in Forbes, Time Magazine, USA Today, CNN and others.
Camillo served as initial investor, Senior Partner and COO of eCarList with Critcher. Prior to eCarList, Camillo worked as a market research executive at Research Now where he was responsible for building and managing the largest youth research panel in North America and prior to that spent 9 years in leadership positions with e-Rewards, helping to grow the company from a 10-employee start-up to an 800 employee global leader in market research panels. He is also known for having grown an $85,000 stock portfolio to over $2MM in three years, and authoring a book about the experience, Laughing at Wall Street: How I Beat the Pros at Investing.
“OrderMyGear joined the accelerator with a goal of creating a growth plan, raising growth capital, and acquiring the talent to take the company to the next level,” said Kraettli L. Epperson, Managing Director of VentureSpur. “Kent and his team were extremely committed to the acceleration process, engaging immediately with mentors, developing new strategies based on the workshops and frequently pitching to our investor network. We are delighted to see their hard work pay off.”
This is the second major investment round for a 2013 graduate, following SIVI Corp.’s announcement in December 2013 of raising $340,000 and re-locating from New York City to Oklahoma City.
VentureSpur is a seed fund and venture accelerator located in Dallas and 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.