TIE TAMPA ANGELS INVESTS IN ORLANDO STARTUP FLEXRECEIPTS

TiE Tampa Angels, the angel investment group comprised of charter members of TiE Tampa Bay, Florida’s premier organization for fostering entrepreneurship makes its second investment in a tech startup, furthering its commitment to Florida’s entrepreneurs.

TiE Tampa Bay’s angel investment arm, TiE Tampa Angels helped Florida startup flexReceipts close a $1.4M Series A investment round, with an angel investment, thus demonstrating a deepening commitment to Florida’s technology sector. TiE Tampa Angels was joined by several strategic angels including Florida Institute for Commercialization and Public Research, Florida Angel Nexus and Angel Round Table. This funding round was led by venVelo, a central Florida venture fund and business accelerator focused on early-stage investments.

“We are excited by this investment in flexReceipts. As a further commitment to the Florida region, TiE Tampa is proud to be associated with flexReceipts. We see a lot of potential for flexReceipts to make an impact to the technology eco-system and creating new jobs. We were impressed by the founder’s vision and also the management’s ability to execute to-date. Several TiE Tampa Charter Members have pooled their financial resources to take a stake in flexReceipts. TiE Tampa will work closely with flexReceipts in providing further guidance on the technology, marketing and financial fronts”, said TiE Angel – Tampa Bay – President and Charter Member, Prashanth Rajendran.

“While we saw dramatic growth in 2012, sales tripled in 2013,” said Tomas Diaz, founder and CEO, flexReceipts. “Our retail partners are constantly on the lookout for ways to engage with their customers and our software gives them this ability beyond the sale with enriched digital receipts that build customer loyalty. This funding will help us continue to attract premier talent and establish our leadership role in the retail industry. We are delighted to be in TiE Tampa Angel’s portfolio”, he added.

“TiE Tampa Bay’s mission to foster entrepreneurship in the Florida region is beginning to be realized. We are proud that TiE Tampa Bay can make a big difference through our Angel Network initiative which partners promising start-ups and founding entrepreneurs with TiE Charter members, through funding and expertise to create value, taking their companies to the next level”, said Ashok Kartham, President of TiE Tampa Bay.

flexReceipts, the leading enhanced digital receipts solution, offers retailers a post-sale opportunity to communicate with their customers. flexReceipt’s enriched receipts build customer loyalty and drive sales, while allowing retailers to monitor spending habits and shopping trends. The company’s patent-pending software allows retailers to add social media links, videos and customized offers to digital receipts. Go Beyond the Sale. Learn more at www.flexreceipts.com.

TiE Angels Tampa Bay is an angel investment group that includes TiE Tampa Bay (https://tampa.tie.org) charter members and seasoned investors from Florida and other TiE Chapters globally, with a focus on investing in early stage, promising and growth companies in healthcare and technology sectors. Learn more at https://tampa.tie.org/initiative/62/tie-tampa-angels

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