CHARLOTTE, Jan. 03, 2017 (GLOBE NEWSWIRE) -- Ecomdash, an ecommerce automation software, has been selected to receive investment capital from the Charlotte Angel Fund. The selection marks the first Charlotte-based investment by the capital group.
"We are very excited to have had the opportunity to add Ecomdash as our ninth portfolio investment,” said Greg Brown, Administrator of the Charlotte Angel Fund. “Their dramatic growth over the two years that we have followed the company are a tribute to the entire Ecomdash team. Importantly, this is our first investment in a Charlotte-based company.”
Ecomdash CEO Nick Maglosky presented Ecomdash to the Charlotte Angel Fund. The process included a formal pitch, due diligence, and a final vote by the members of the fund. Ecomdash will receive $125,000, which is part of a larger round of financing. Funds will go toward a few key strategic initiatives as well as sales and marketing efforts.
“We’re very excited to have Charlotte Angel Fund as part of our investor team,” said Maglosky. “We are particularly proud to call Charlotte our home, so this investment is about more than just Ecomdash. It’s about fueling the continued growth of the Charlotte startup ecosystem.”
The Charlotte Angel Fund cited Ecomdash’s sustained growth as a major driver in its decision.
“Ecomdash is a sterling example of the development of Charlotte's entrepreneurial community,” said Brown. “That growth will certainly lead to further investments by our group in local startups.”
About Charlotte Angel Fund
Charlotte Angel Fund was formed to invest in high growth, early stage startups in the Charlotte region and across the Carolinas. It is a committed capital group, meaning the 60+ members of the Fund have pooled capital for investment in these opportunities. Monthly meetings are held where new opportunities are presented to all members. The group remains open to new members. For more information, please see www.CLTAngelFund.com or contact Greg Brown at gbrown@CLTAngelFund.com or 980-307-0754.
Ecomdash is a software-as-a-service that automates backend operations for ecommerce sellers. Ecomdash streamlines and integrates omni-channel retailers’ inventory, sales orders, product listings and shipping processes across marketplaces like Amazon and eBay as well as ecommerce-ready website platforms like Shopify. Ecomdash gives merchants the ability to grow sales, save time, and increase customer satisfaction. For more information, please see www.ecomdash.com or contact firstname.lastname@example.org or 704-687-8067.