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The Venture Codex

SeedStep Angels

12 N. Cheyenne Ave, Suite 112, Tulsa, OK, 74103, United States

Overview

SeedStep Angels was founded in 2009 in response to the growing need for an organized angel effort in Oklahoma. Due to the widening gap in the capital markets, there is a shortage of funding available at the seed stage ($250K-$5M). This funding gap represents a great opportunity for investment in companies with substantial growth potential but an inability to attract venture capital. Seedstep members invest their time, talent and/or capital in companies with solid business models and in entrepreneurs with successful growth experience.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Whiteboard CRM

    Participated · Series A · Oct 2018

    Whiteboard Technologies develops Whiteboard Mortgage CRM, a web-based customer relationship management SaaS product tailored to the mortgage loan industry. The product is powered by The Mortgage Playbook and allows mortgage loan officers to follow up on new leads while keeping borrowers and partners updated throughout the loan process. It enables lenders to leverage proven business strategies across their enterprise and to maintain sales, marketing, and follow-up campaigns while ensuring company-wide compliance. Founded in 2015 by CEO Brian Bomar and based in Oklahoma City, the company targets mortgage lenders as its primary market. Whiteboard plans to use the new funding to grow aggressively within the mortgage industry and to identify additional vertical markets to pursue. The company completed a $2.5M Series A to support that expansion.

  • WeGoLook

    Participated · Equity · Oct 2015

    WeGoLook provides onsite verifications and inspection services using a network of 20,000+ mobile contractors, called Lookers, to collect photos and data for buyers of automobiles, real estate and other high-value goods. Customers can choose predefined or custom inspection templates and receive reports via email or electronic API, with PDFs available for download. The company manages communication, scheduling and logistics and assigns qualified Lookers near the inspection site. WeGoLook serves enterprise customers across insurance, automotive, banking and heavy equipment industries. It intends to use newly raised funds to support nationwide enterprise customer rollouts, enhance platform logistics and scale operations. The company was founded in 2010 and is led by CEO Robin Smith. WeGoLook operates a nationwide verification service that inspects online-purchased assets such as automobiles and heavy equipment, performs accident site inspections and offers document delivery. It deploys a network of more than 15,000 field agents called “Lookers” who use a mobile app or smartphones/tablets to capture and upload photos and reports. Clients include auto auction and sales companies, financial institutions and insurance companies. The company intends to use the Series A proceeds for technology development, including a mobile application. WeGoLook was founded in 2010 by Mat Smith and Robin Smith and is based in Oklahoma City.

  • Moleculera Biosciences, Inc.

    Participated · Equity · May 2015

    Moleculera Labs Inc. is an Oklahoma City-based developer of tests for autoimmune neurologic conditions in children and adults. The company has developed the Cunningham Panel, a series of tests that predicts a patient’s likelihood of having Pediatric Autoimmune Neuropsychiatric Disorder Associated with Streptococci (PANDAS). The article notes PANDAS are treatable neurologic conditions that may be associated with motor tics and obsessive compulsive disorders (OCD), which are often associated with Autism Spectrum Disorders. Moleculera is led by co-founder and Chief Executive Officer Dr. Craig Shimasaki. On May 20, 2015, the company raised $1.06m in funding to expand development of its tests. The round was led by i2E Inc., which committed $530k through its Accelerate Oklahoma! Fund, with participation from SeedStep Angels ($225k) and other investors. Moleculera Labs has developed the Cunningham Panel, a series of tests that predict a patient’s likelihood of having PANDAS. The panel was developed by co‑founder and CSO Madeleine Cunningham, a professor at the University of Oklahoma Health Sciences Center. The company says PANDAS are treatable neurologic conditions that can be associated with motor tics, obsessive compulsive disorder and often with Autism Spectrum Disorders. Moleculera intends to use newly raised funds to expand its services. The company was founded in 2011 and is based in Oklahoma City. Leadership includes Co‑Founder and CEO Dr. Craig Shimasaki and co‑founder Madeleine Cunningham, Ph.D.

  • Roll-2-Roll Technologies

    Participated · Equity · Jul 2014

    Roll-2-Roll Technologies, based in Stillwater, OK, develops an industrial device called a lateral guide for roll-to-roll manufacturing. The lateral guide provides alignment of materials within roll-to-roll machines to help manufacturers reduce waste and downtime, and is applicable to products such as diapers. The technology was created at Oklahoma State University and spun out into Roll-2-Roll. The company was founded in 2013 by Aravind Seshadri (President and CTO), Carlo Branca, Pedro Velasco (COO) and Prabhakar R. Pagilla. Roll-2-Roll received $520K in funding and plans to use the proceeds for product testing with customers and for market development. Backers include Oklahoma Seed Capital Fund, SeedStep Angels (both managed by i2E), Cowboy Technologies and the company's co-founders.

  • Tailwind

    Participated · Equity · Nov 2013

    Tailwind (formerly PinLeague) is a software-as-a-service Pinterest analytics and marketing suite based in Oklahoma City, OK. Co-founded by Danny Maloney (CEO) and Alex Topiler, the product offers tools for advertising, social media and PR agencies to derive value from Pinterest. The company is developing additional SaaS services scheduled for launch in late 2013 and 2014. Tailwind raised $1M in financing to support its growth. The company intends to use the funds to expand its team in Oklahoma and New York City and to improve the platform. No operating metrics were disclosed in the article.

Team