E&I Invests in ClickIPO and GroundWork, among others
CHANDLER, Ariz.--(BUSINESS WIRE)--Two Arizona-based tech entrepreneurs today announced the launch of a new
venture capital firm, E&I
Ventures, which will focus on making equity and debt investments in
technology businesses in the seed, angel and Series A stages.
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Geoffrey Mobisson and Doug Guilbeau are co-founders of Levementum,
a successful and rapidly growing Salesforce.com partner focused on
Marketing Cloud, CRM, commerce and IoT. Levementum is headquartered in
Arizona, with offices in Indianapolis and El Paso.
E&I Ventures is seeking investments in companies that have recently
completed a transformational event or proof of concept. The firm will
primarily focus on minority investments of $100,000 to $1 million.
Mobisson and Guilbeau, who started Levementum a decade ago, will seek to
help tech-based companies commercialize their ideas, with a focus
initially on the Southwest and West Coast. Both have a passion for
helping promising firms navigate the complex challenges of growth
capital, human capital and strategic decision-making.
“We are very interested in companies that are undergoing a transition,
either operational or strategic, which we believe we can help navigate,”
said Mobisson, who is an advisor to other tech firms and has started
multiple companies. “We are not just seeking investments – our approach
relies on partnering with leaders, and bringing a constructive and
pragmatic mindset to drive significant long-term growth and value.”
“Our plan is to be vocal and visible about the challenges – and
opportunities – that exist within the regional technology ecosystem,”
said Guilbeau, who prior to Levementum, held key leadership positions at
other prominent tech firms.
E&I Ventures already has invested in Scottsdale, Ariz.-based ClickIPO, a
first-of-its-kind mobile application that allows users to invest in
initial public offerings and secondary offerings. ClickIPO is already
getting significant attention: The company was a winner of the Spring
2017 round of the Arizona Commerce Authority’s Innovation
Challenge and besides E&I Ventures, has attracted an investment team
that includes former U.S. Attorney General John Ashcroft.
E&I has also invested in Los Angeles-based GroundWork, which helps youth
sports teams collect automatic electronic payments and streamlines the
busy work associated with team fees.
Contacts
For E&I Ventures
Chip Scutari, 602-677-5422