One of TechLaunch’s portfolio companies’ wish list has apparently been granted this holiday season with a hefty $3.9M investment from a group of unnamed angel investors. Inbox, a mobile messaging application which originated from a Fairleigh Dickinson University Startup Weekend, was selected to participate in the TechLaunch 2 program of New Jersey’s premier technology accelerator, thus gaining the training and traction to generate investment interest from a wide variety of angels and venture capitalists. This raise is inclusive of the previously announced raise of $1.1M. The fund is meant to go towards helping the company grow its product, engineering, and customer service teams now that it has gained a steady user base internationally.
TechLaunch Founder, Mario Casabona observed, “The success of Inbox gives us great satisfaction, both from a mentoring as well as an investment perspective, and it will go a long way to communicate the inherent value of the TechLaunch accelerator model to other bright, aspiring tech entrepreneurs with a dream and the drive to pursue it.”
Formed in collaboration with the NJ Economic Development Authority (EDA) (njeda.com) and NJ Angel investors, TechLaunch, an investor led Technology Accelerator, was created in 2012 to drive the commercialization of emerging technology created by aspiring entrepreneurs.Related Articles: