FOR IMMEDIATE RELEASE
Contact: Jon Gregory 530-518-5733
Innovate North State Announces Today the Five Presenting Companies for May 6 Golden Triangle Capital Network Launch Event
Innovate North State announced today the five Presenting Companies that will be featured at its new Golden Triangle Capital Network launch event on Wednesday, May 6 from 5-7 p.m. at the Canyon Oaks Country Club in Chico. Individuals, businesses or entities who invest in start-ups, established companies or commercial real estate projects are invited guests and should RSVP ASAP to Justin Miller (Justin@innovate-northstate.com) or Jon Gregory (email@example.com) as seating is limited to a maximum of 40 individuals. Hors D’oeuvres will be provided and there will be a no-host bar. Three businesses will make 10-minute presentations: Engage3 of Davis; Traitware of Nevada County; and Mad Dash Pizza of Chico. Two others will make 2-minute “elevator” pitches: BoxHub of Redding and JobVille of Nevada City.
According to Innovate North State Managing Director Jon Gregory, “The Golden Triangle Capital Network serves as a catalyst for connecting capital and business opportunity in the Golden Triangle region of Northern California, which includes Chico, Redding, Nevada County and the I-80 corridor.” He continued, “We are especially pleased at the quality of these start up and early stage businesses and the opportunity they bring to the region.” Five Star Bank serves as the Title Sponsor of the Golden Triangle Capital Network.
BRIEF OVERVIEW OF EACH PRESENTING COMPANY
Engage3 of Davis
Engage3 is an early stage data analytics company in Davis, California that is driving more profitable retail transactions in a world of price and product transparency. Engage3 was founded by serial entrepreneurs, Ken Ouimet and Tim Ouimet whose previous Sacramento area start-up, Khimetrics, pioneered the retail price optimization market and was sold to SAP in 2006, returning 11X to Series A investors. Retail price optimization became an $800 million market. Engage3 is opening up a bigger market opportunity by applying advanced predictive analytics to unlock retail price and product visibility. Innovators in this $1.2 trillion annual market will respond by using algorithmic trading logic to deliver personalized promotions to compete for their share of the empowered consumer’s wallet. The company is generating nearly $1 million in revenue today with growth projections to more than $100 million in 2018. Since launching Engage3 pricing data services in Q4 2014,Engage3 has signed contracts with four major retailers: PetSmart, Sprouts, BevMo! and Cardenas. The company has also successfully completed competitive pricing pilot projects for Walmart and Kroger, the largest grocers in the US. For more information, go to: www.engage3.com.
Traitware of Nevada County
TraitWare™ is an early-stage Multi-Factor Authentication Company in Nevada County with 4 patents pending that is revolutionizing the resource enterprise access platform by eliminating username and password logins. 76% of resource breaches result from compromised username and passwords JPMorgan Chase, Anthem Blue Cross, Sony Pictures, Target Etc. RGP being deployed to Law enforcement agencies. Top tier Business Bank and Healthcare systems looking to deploy to their consumer facing portals. MRR forecasted to reach $1M Yr2, $150M Yr6. In summary, Traitware finally offers a solution to all of us who are tired of needing a password or user name every time we log on! For more information, go to: www.traitware.com
Mad Dash Pizza of Chico
In 2009, Mad Dash Pizza, pioneering new technologies, opened the nation’s first Quick Bake Pizza restaurant in Chico, California; baking a fresh, made-to-order, live yeast personal pizza in two minutes. Today, copy-cat concepts are exploding throughout the nation. As the concept originator, with five years operational history, multi-year 30%+ double digit growth and a nationally experienced management team, Mad Dash Pizza plans for 5 company-owned and 18 franchised locations over the next 6 years. For more information, go to:www.maddashpizza.com
BoxHub of Redding
BoxHub is a a one-stop shop Hardware-Software solution for CrossFit Gyms. BoxHub helps owners run all back end billing and scheduling. It shows during-workout videos and instructions & allows athletes to enter scores via our patent pending digital whiteboard. It provides an iPhone-Android app that tracks each athlete’s scores, etc. There are currently 15k Crossfit gyms with 80 opening every week. 1st Business Model: 1 time hardware cost, $1500 & $200/mo fee. 2nd Business Model: Gyms have an average of 100 athletes who are constantly engaging with our apps. Shortly, we will have thousands of niche- targeted users with the same needs andbehaviors. Our existing technology platform will be an attractive marketing/sales funnel for other CrossFit related companies. BoxHub was founded by Nicolas Acuña and Mikka Olsson. Their previous company, Ebbex.com has been named one of the world’s best app development companies year after year and has had Fortune 10 companies as clients and partners. BoxHub just closed private beta and is looking for expansion capital to speed up sales. For more information, go to:www.getboxhub.com
JobVille of Nevada City
JobVille is a seed-stage startup in Nevada City, CA . Last year, Jobville beat out 800 entries to win the Skills Gap Challenge, a national competition sponsored by the Economist-Lumina Foundation. Our award winning mobile platform — Candy Crush meets LinkedIn — uses game mechanics to help students overcome the biggest challenge they face: job search. 24 employers and 1200 California high school and college students will participate in our Fall 2015 beta. Partnering with X-Cube Labs — specialists in game/app development — to develop and deploy JobVille. We are currently negotiating our first round of funding. For more information, go to:www.jobville.com