Mobile’s Innovation Portal has announced the first investments from its Portal Fund for early stage startups.
“On behalf of the investment council of Innovation Portal, I am excited to announce our initial investments in Deuce Drone and Barkd,” said investment council Chairman Henry O’Connor. “Partnering with dynamic, engaging and local entrepreneurs is in line with Innovation Portal’s mission and will hopefully encourage other entrepreneurs in our area to pursue their goals.”
Deuce Drone received a $50,000 investment. The company is providing a cost-effective, technology-driven solution for same-day delivery that allows local retailers to compete with major e-commerce players. The Deuce Drone process makes it easy for local retailers to provide same-day delivery in a few easy steps with no intermediate human package handling, making the delivery process truly contact-free.
Barkd received a $25,000 investment. It is a mobile application that helps you find your next puppy. Using its simple matching process, Barkd ensures you and your pup are perfect for each other. You can download Barkd from the App Store or Google Play.
The Portal Fund was created to “ignite the local entrepreneurial ecosystem” by attracting and retaining entrepreneurs in Mobile. Innovation Portal members Deuce Drone and Barkd will have access to Innovation Portal programming, support and workspace all designed to encourage venture growth, job creation, talent retention and further investment in the region.