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.”
Credit unions help sick children
Credit Unions for Kids presented a check for $197,825 to Children’s Miracle Network Hospitals on March 21. The donation represented fundraising efforts of more than 15 participating credit unions in 2013 and was the highest donation from Credit Unions for Kids to date. Funds were raised through various branch-wide fundraisers. Credit Unions for Kids is a nonprofit collaboration of credit unions, chapters and business partners benefiting 170 Children’s Miracle Network Hospitals. All of every dollar donated by credit union members benefits Children’s Hospital Foundation, an affiliate of Children’s Miracle Network Hospitals, to help Oklahoma children. Local participating credit unions include: Bison Federal Credit Union; Central Oklahoma Federal Credit Union; Communication Federal Credit Union; Cornerstone Credit Union League; Credit Union Service Centers; Credit Union One; FAA Credit Union; Focus Federal Credit Union; Midwest City Credit Union; DPS Federal Credit Union; Oklahoma Employees Credit Union; Oklahoma Federal Credit Union; El Reno Rock Island Credit Union; Tinker Federal Credit Union; Tri-County Federal Credit Union; University & Community FCU; USE Federal Credit Union; and WEOKIE.
From Staff Reports