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Oklahoma business briefs for March 27

Oklahoma business briefs for March 27, 2014
Oklahoman Published: March 26, 2014

Oklahoma briefs

OKAngel fund invests in ICEdot

The i2E-managed OKAngel Sidecar Fund recently closed a $350,000 follow-on investment in Tulsa’s ICEdot, the creator of crash safety technology and an emergency notification platform for athletes, outdoor enthusiasts and consumers. The most recent i2E investment was part of a $1.1 million funding round in ICEdot that also included Oklahoma Angel investors and other sources. The ICEdot Crash Sensor attaches to the helmet of outdoors sports enthusiasts, and in the event of an accident or fall, the sensor detects forces consistent with head injury and notifies emergency contacts of the wearer's GPS coordinates via text message. “We will be using this latest funding to increase our manufacturing volumes and build out our sales and marketing channels,” ICEdot CEO Chris Zenthoefer said. The OKAngel Sidecar Fund is one of three Accelerate Oklahoma! investment vehicles created in 2011 by i2E through a partnership with the Oklahoma Commerce Department and the U.S. Treasury State Small Business Credit Initiative.

Oklahoma Hospice Care expands

Oklahoma Hospice Care is expanding to Shawnee, opening in the historic Aldridge Hotel, 20 E 9th Street, Suite B40. Community Relations Director Jennifer Forrester said company officials “are excited to have the opportunity to extend our care to Shawnee and the surrounding rural communities.”

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