1st Source Capital Corporation
100 N. Michigan, South Bend, IN, 46601, United States
Overview
1st Source, Their mission is to help Their clients achieve security, build wealth and realize their dreams. They do this by providing straight talk and sound advice and always keeping their best interests in mind. They are a community bank with community values. These same principles have set Their standard for providing outstanding client service for more than 150 years.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Banking
- Finance
- Financial Services
Investment portfolio
- Nanovis
Participated · Equity · Aug 2018
Nanovis, led by CEO Matt Hedrick, invents, acquires and commercializes technologies intended to reduce fixation- and infection-related complications in spinal surgery. The company sells nanotechnology-enhanced spinal implants and commercializes science-driven platforms, including the deeply porous scaffold available in the FortiCore® line of interbody fusion devices. Its product portfolio also includes an advanced nanotube-surface technology and surface technologies with anti-colonization and bactericidal capabilities. Nanovis is responding to increased demand from surgeons and distributors for its implants. The company completed a $5.5M funding round and plans to use the proceeds to meet increased working capital and sales needs. The company is headquartered in Carmel, Indiana.
- Vagabond Vending
Participated · Series A · Jun 2016
Vagabond Vending is a Washington, DC-based provider of route management and data analytics tools for vending machine operators. It operates an integrated communications network that combines Vending Management Software (VMS), hardware solutions, and cashless financing capabilities. The platform includes web and mobile apps that allow vending businesses to interface with machines in real time to determine best-selling products and identify which machines need service from the warehouse. Led by founder and CEO Michael Lovett and COO Juan Jorquera, the company also engages in financing arrangements to support operators deploying new technologies. Vagabond closed more than $3M across two related financing rounds and has engaged partners to expand its financing options. The company will use the funds to expand its communications network.
- Vennli
Participated · Equity · Mar 2014
Vennli provides software to help organizations create, plan and execute growth strategies based on customer and competitor choice analysis. The company is led by CEO Gary Gigot and Joe Urbany, a Notre Dame Mendoza College of Business professor who created the original intellectual property underlying the product. Vennli operates out of Innovation Park at Notre Dame and has 12 full-time employees. It secured over $1.3M in financing to support its development and launch. The company expects to release a beta version of the software on May 1 and is targeting 75 companies with 2–3 users per company. As part of its initial promotion, the beta will be free to all users.