SCOTTSDALE, AZ--(Marketwired - Mar 20, 2014) - Tallwave Commercialization Fund I today announced that it has deployed $500,000 in capital in two Tallwave High Tide business competitions and three early-stage ventures that have emerged from the latest High Tide program.
The Tallwave Commercialization Fund I (Fund) is an Arizona-based venture capital fund specializing in Seed investments in early-stage technology and media companies. The Fund is managed by Tallwave Capital.
"We are looking to invest early, and work with these promising ventures to commercialize their businesses and attract follow-on investment," said Greg Lehmann, Principal, Tallwave Capital. "The High Tide program is an ideal source for bringing validated and fundable startups to the Fund for consideration."
In addition to investing in the recently completed High Tide for Healthcare IT program and the current High Tide for Healthcare and Ed Tech competition, the Fund has provided early stage seed investment to three of the most recent competition's finalists, including winner Health Options Worldwide. The three companies are:
- Health Options Worldwide, Somerset, New Jersey, uses behavioral psychology to increase employee engagement with health plans and reduce reactive care spend.
- Inspire Living, Fairfax, Virginia, provides a respiratory monitoring device with a unique algorithm that allows for early detection of child pneumonia.
- Performance 3D, Scottsdale, Arizona, provides 3D motion capture and analysis technology that improves fitness performance and reduces the risk of injury.
"As we progressed through the High Tide for Healthcare IT competition we learned invaluable lean business and design principles and forged relationships with an entire ecosystem of advisors, subject matter experts and potential investors," said David Goldstein, President Health Options Worldwide. "The seed funding we've received from the Tallwave Commercialization Fund will help us get to market faster, and we're much better prepared to leverage the funding efficiently and effectively."
About Tallwave Capital
Tallwave Capital is an early-stage venture firm focused on making investments SaaS, e-commerce and digital media and marketing companies across a variety of verticals including Healthcare IT, EdTech, AdTech, and Mobile among others. Headquartered in Scottsdale, AZ, Tallwave Capital invests in companies across the country.
Additional information about Tallwave is available at www.tallwave.com.