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Venture Capital News: Perk Dynamics Perks Up with $400K

2012-04-25
SHAWNEE, OK, i2E, Inc., has invested $400,000 in Shawnee, OK-based Perk Dynamics, Inc., through the Oklahoma Seed Capital Fund.
i2E, Inc., has invested $400,000 in Shawnee, OK-based Perk Dynamics, Inc., through the Oklahoma Seed Capital Fund. i2E led a $1.3 million round, which included Oklahoma's SeedStep Angels and other angel investors.

Perk Dynamics has developed and is selling a Software-as-a-Service product that manages coffee operations for staffed and stand-alone beverage machines such as super-automatic espresso makers. The company's AutoPerkTM software controls the entire process from the order to collecting payment, dispensing a perfect barista quality coffee beverage and continuously monitoring the machine's status.

The Oklahoma Seed Capital Fund is a state-appropriated investment fund that provides concept, seed and start-up equity investments to the state's high-growth businesses. It is managed by i2E through a collaboration with the Oklahoma Center for the Advancement of Science and Technology.

About Perk Dynamics: Founded in 2009, Perk Dynamics, Inc., is a software development company dedicated to increasing the efficiency of coffee and espresso drink operations through its, AutoPerk SelfServeTM and AutoPerk StaffOp™ software products.

About i2E, Inc.: With offices in Oklahoma City and Tulsa, OK, i2E is a not-for-profit corporation that provides an award-winning suite of venture advisory, access to capital and entrepreneurial development programs for Oklahoma's high growth businesses.

About SeedStep Angels: SeedStep Angels is a network of high net-worth Oklahomans who provide capital, strategic advice and mentoring to emerging growth companies. Typical investments range from $50,000-500,000 with individual members making investment decisions. The SeedStep Angels Group currently has chapters in Oklahoma City, Tulsa and Ardmore.
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