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i2E

North America, Oklahoma, United States, Oklahoma City

Description

i2E (Innovations to Entrepreneurs) is a distinctive private not-for-profit corporation based in Oklahoma City, dedicated to fostering the growth of technology-based entrepreneurs and companies primarily within Oklahoma. Established with a mission to diversify and strengthen the state's economy through innovation, i2E acts as a crucial bridge between promising startups and the capital they need to scale. Its unique structure as a non-profit investor allows it to take a long-term view on economic development, providing both funding and strategic guidance to its portfolio companies.

The organization deploys capital through a tiered funding approach, catering to various stages of company development. For early-stage ventures, i2E manages Proof of Concept (POC) Funds, which provide initial investments typically up to $100,000, helping companies validate their technologies and market fit. As companies mature, they can access i2E's Venture Capital Funds, which offer more substantial investments ranging from $250,000 up to $2 million. While the stated minimum for their VC funds is $250,000, i2E has demonstrated flexibility, with some initial investments, particularly in very early stages or through specific programs, starting as low as $25,000. This broad range allows i2E to support companies from their nascent stages through significant growth phases, often co-investing with private investors to amplify capital infusion into Oklahoma businesses.

i2E boasts a significant track record of impact within the Oklahoma entrepreneurial ecosystem. Since its inception in 2001, the organization has invested over $100 million directly into more than 200 Oklahoma companies, demonstrating a sustained commitment to local innovation. Beyond direct investment, i2E plays a pivotal role in attracting further capital, having helped its portfolio companies raise an impressive $2.5 billion in follow-on funding from other sources. In 2023 alone, i2E continued its active support, deploying $10.9 million across 26 companies. This extensive engagement underscores i2E's critical function as a catalyst for economic development, providing not just capital but also expertise and connections vital for the success of Oklahoma's tech sector.

Investor Profile

i2E has backed more than 24 startups, with 0 new investments in the last 12 months alone. The firm has led 11 rounds, about 46% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Biotechnology, Software, Medical.
  • Typical check size: $25K – $2M.

Stage Focus

  • Seed (42%)
  • Series A (29%)
  • Series Unknown (17%)
  • Convertible Note (8%)
  • Angel (4%)

Country Focus

  • United States (100%)

Industry Focus

  • Biotechnology
  • Software
  • Medical
  • Health Care
  • Health Diagnostics
  • E-commerce
  • Information Technology
  • Manufacturing
  • Saas
  • Service Industry
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does i2E frequently co-invest with?

Cowboy Technology Angels
North America, Oklahoma, United States, Oklahoma City
Co-Investments: 1
Co-Investments: 2
BI
North America, Arizona, United States, Chandler
Co-Investments: 1
OCA Ventures
North America, Illinois, United States, Chicago
Co-Investments: 2
OS
North America, Oklahoma, United States, Oklahoma City
Co-Investments: 12
Mayo Clinic Ventures
North America, Minnesota, United States, Rochester
Co-Investments: 1
AO
North America, Oklahoma, United States, Oklahoma City
Co-Investments: 2
SeedStep Angels
North America, Oklahoma, United States, Tulsa
Co-Investments: 6
AA
North America, Texas, United States, Austin
Co-Investments: 1
Accele Venture Partners
North America, Oklahoma, United States, Oklahoma City
Co-Investments: 2

What are some of recent deals done by i2E?

PrivacyBrain

San Francisco, California, United States

PrivacyBrain is a security platform that removes sensitive personal identifying information from data broker sites on the internet.

SecurityService IndustrySoftware
SeedMar 25, 2021
Amount Raised: $750,000
THG Energy Solutions

Austin, Texas, United States

THG Energy Solutions is an innovative software-as-a-service energy data and technology provider.

EnergySaaSSoftware
SeedMay 22, 2019
Amount Raised: $4,000,000
Progentec Diagnostics

Oklahoma City, Oklahoma, United States

Progentec is engaged in state of the art diagnostic interventions in therapeutic areas with a high level of unmet need.

BiotechnologyHealth CareHealth DiagnosticsMedicalTherapeutics
Series UnknownNov 2, 2018
SendaRide

Oklahoma City, Oklahoma, United States

SendaRide provides customized non-emergency medical transportation for the healthcare industry.

Health CareMedicalTransportation
Series AAug 24, 2018
Amount Raised: $1,740,000
iRecommend Software™

Tulsa, Oklahoma, United States

iRecommend Software™ develops intelligent business solutions utilizing artificial intelligence, machine learning, and dynamic data modeling.

AnalyticsArtificial Intelligence (AI)Big DataE-CommerceGovernmentMachine LearningPersonalizationReal EstateRetailSoftware
Series ADec 19, 2017
Amount Raised: $2,075,000
Clear River Enviro

Sugar Land, Texas, United States

Clear River Enviro manufactures and markets devices that allow hospitals and nursing homes to dispose of their pharmaceutical waste safely.

BiotechnologyCleanTechEnvironmental EngineeringManufacturingPharmaceutical
Series ADec 15, 2017
Amount Raised: $1,500,000
Progentec Diagnostics

Oklahoma City, Oklahoma, United States

Progentec is engaged in state of the art diagnostic interventions in therapeutic areas with a high level of unmet need.

BiotechnologyHealth CareHealth DiagnosticsMedicalTherapeutics
Series UnknownNov 29, 2017
Amount Raised: $1,250,000
Happily

Oklahoma City, Oklahoma, United States

Happily develops date planning application to help couples to rediscover their special occasions.

Big DataDatingE-CommerceLifestyleSubscription Service
SeedMar 9, 2017
Amount Raised: $2,600,000
Digital Six Laboratories

Meridian, Idaho, United States

Digital Six Labs is a fast growing developer of engineered wireless IoT solutions .

Internet of Things
SeedJan 1, 2017
WeGoLook

Oklahoma City, Oklahoma, United States

WeGoLook is an online and mobile collaborative economy platform that provide services to global consumers.

AutomotiveCrowdsourcingE-CommerceInsuranceService Industry
Series AOct 15, 2015
Amount Raised: $1,500,000