August 19, 2015 – Denver, CO
Cohort Capital, a Denver based venture capital fund, is pleased to announce a capital investment in TekDry. As the ninth investment added to the portfolio, this was a perfect fit given Cohort’s University of Denver pedigree and interest in companies with intriguing technology solutions. Founded in September 2012, from a group of common MBA alumni out of the University of Denver, Cohort Capital focuses on early stage investments in high potential opportunities with exceptional management teams in Colorado, as well as structured financial transactions.
TekDry, is a Denver-based startup, with a patented vacuum-drying process using conductive, conforming heat technology to rescue any phone, tablet, or other electronic device after it has been inadvertently subjected to water. TekDry is able to restore device operability, valuable data, priceless photos, and relieve anxiety for consumers wanting to restore their devices after a liquid-damaging event.
Fund Partner Sean Conboy, said “TekDry was an ideal fit for Cohort Capital. They have a patented technology that solves real problems in multiple industries, including consumer electronics, medical equipment, and, advanced manufacturing applications. The team is outstanding; they have demonstrated they can execute on their strategy and they have surrounded themselves with an excellent board of advisors. It also felt really good to support the growing D.U. entrepreneurial community.”
Cohort Capital also holds positions and interest in Giving Assistant, Active Junky, CannaSys, Inc., Grow Condos, Inc., GridCraft, and Havenly. The fund continues to source and vet new opportunities that will provide greater future earnings potential.
For more information, visit www.cohort-capital.com and www.tekdry.com
President and Managing Partner