The Oklahoma Seed Capital Fund has closed an equity investment in Tulsa-based Expert TA with co-investment from the Seed Step Angels group.
The Fund was the lead investor in the deal that closed June 22, 2011.
Founded in 2009 by Jeremy Morton, Ph.D., Expert TA provides a human-like, partial-credit grading solution to engineering, math and physics departments of universities that currently require multiple graduate assistants to grade homework problems.
Expert TA will use the investment capital to increase marketing and sales efforts, and further develop the product software.
The Oklahoma Seed Capital Fund is a state appropriated fund through the Oklahoma Center for the Advancement of Science and Technology and managed by i2E, Inc. The Fund invests in high-growth startup and early stage companies located exclusively in Oklahoma.
The Seed Step Angels is an Oklahoma-based investment group founded in 2009 with chapters in Oklahoma City and Tulsa and membership composed of private angel investors.
“We’re proud to support Expert TA and Jeremy Morton,” said Tom Walker, President and CEO of i2E. “It’s another example of a fine Oklahoma entrepreneur building a high-growth enterprise in our state.”
About i2E, Inc.: Founded in 1998, i2E, Inc., is a private, not-for-profit corporation that provides business and advisory services, access to capital and entrepreneurial development opportunities to Oklahoma’s high-growth entrepreneurs. It receives funding through a variety of private and public sources that include the Oklahoma Center for the Advancement of Science and Technology, the federal Economic Development Administration, the Greater Oklahoma City Chamber of Commerce, the City of Oklahoma City, the Oklahoma Medical Research Foundation, the Presbyterian Health Foundation and the Oklahoma Business Roundtable.
Originally posted on June 24, 2011
Contact: Sarah Seagraves, Vice President for Marketing, (405) 813-2403 or email at sseagraves@i2E.org