Vartega receives funding from Rockies Venture Club

Rockies Venture Club Starts 2018 with 6 Deal Closures

Rockies Venture Club continues to be one of the most active investing groups in Colorado

DENVER (PRWEB) MAY 04, 2018

Rockies Venture Club (RVC) is proud to announce that it led and closed six funding rounds in the part of 2018. This accomplishment marks the club as one of the most active Angel investing groups in the state of Colorado. RVC brings together syndicates of individual Angel investors and Angel groups from outside the state. RVC closed funding rounds for the Colorado-based companies OverWatchIDPharmaJetSwimlaneThe Food CorridorVartega Carbon Fiber, and the Vortic Watch Company.

Two of these ventures, OverWatchID and Swimlane are innovating within the red-hot CyberSecurity space. OverWatchID prevents privileged user credentials from being compromised, a problem that is responsible for over 90% of major data breaches. They were recently accepted into Plug and Play Tech Center’s inaugural CyberSecurity accelerator cohort and have been rapidly acquiring notable customers. RVC’s Director of Operations, Dave Harris shared, “Rockies Venture Club has seen a measurable uptick in the number and quality of CyberSecurity deals emerging from the Colorado startup ecosystem. We believe that this coincides with the growing need for security solutions, as well as the fact that Colorado has a strong CyberSecurity history. Ping Identity’s exit to Vista Equity Partners back in 2016 is one excellent example of the potential for CyberSecurity startups in our state.” Alongside OverWatchID, RVC investors funded a second round for Swimlane, a solution for cyber security professionals to better automate their response to security attacks.

RVC also invested in Vartega Carbon Fiber, an advanced manufacturing company that is recycling carbon fiber for uses in the aerospace, automotive, and recreation industries. The Vartega process avoids degradation of carbon fiber, lowering its cost and opening the industry to new applications such as 3-D printing. In this investment round, RVC investors formed a syndicate with a number of other Angel groups from around the US and invested alongside the Techstars Mobility accelerator in Detroit, which Vartega graduated from in 2017. Peter Adams, RVC’s Executive Director said, “We have known Vartega CEO, Andrew Maxey for a couple of years now. It has been fascinating to see the company iterate upon its model to get something that the industry is ready to adopt.”

Rockies Venture Club also recently hosted a successful Angel Capital Summit. The pitches from 25 startup companies received the highest investor interest in the club’s 33 year history. The ventures receiving the most investor interest are currently going through the club’s industry leading due diligence program and will be opening their funding rounds for investment shortly. Beyond these activities RVC is partnering with the Colorado Office of Economic Development & International Trade to host the first CO Advanced Industries Night on May 9th, and is currently accepting applications for its Impact HyperAccelerator program that kicks off on June 18th.

Source: http://www.prweb.com/releases/2018/05/prwe...

Vartega Adds Strategic Hire to Growing Team

 
 

Vartega welcomes Robert (Bob) Jones to the team as Vice President of Sales effective May 1, 2018. Mr. Jones will have primary responsibility for managing existing client and partner relationships as well as pursuing new sales channels for Vartega's products and services.

Bob is a great complement to our team. His can-do attitude is infectious and we’re inspired by his drive and passion to serve our customers at the highest level. He brings a wealth of perspective and experience in the fiber reinforced thermoplastics market which will help us identify and pursue strategic opportunities for short term revenue as well as long term growth.
— Andrew Maxey - CEO of Vartega

Mr. Jones has over 30 years of experience along with 16 years specifically in fiberglass and global thermoplastics sales with Vetrotex and CPIC China products, in addition to executive business relationships with top thermoplastic customers such as SABIC, DuPont, DSM, Invista, and others.

Additional details regarding Mr. Jones's background and experience can be found at his LinkedIn profile here. Learn more about the Vartega team here.

Varetga to present at ANTEC

 
 

ANTEC®, produced by the SPE (Society of Plastics Engineers), is the largest, most respected and well known technical conference in the plastics industry. It's where classroom theory connects with real world solutions.

The conference will be held May 7-10 at the Orange County Convention Center in Orlando, Florida in conjunction with NPE 2018 (The Plastics Show).

Andrew Maxey, CEO of Vartega, will be presenting an overview entitled Affordable recycled carbon fiber for additive manufacturing (3D printing) and automotive thermoplastics. The presentation will take place at 11:00 AM EDT in room S321 on May 10, 2018.

Information regarding ANTEC and Mr. Maxey's presentation can be found here.