Nearly 50 investors awarded $300,000 to a trio of Silver State startups, including one business based in Northern Nevada, at a Shark Tank-style event held at Las Vegas City Hall on May 8.
The investment total surpasses the initial goal of AngelNV, which mentors startups and provides access to a network of capital partners, of $200,000 pooled from 40 investors to one company.
According to a May 10 press release, SafeArbor — a Las Vegas-based female-owned company that produces a smart container system for storing, tracking and processing sensitive cargo in complex regulatory spaces — placed first in the competition, earning a $200,000 investment.
Currently, the company offers contactless, cashless hardware systems for cannabis pre-order pickup, according to the release.
Two runners-up also received an investment of $50,000 each:Nevaka, a Reno-based company that created a software solution for electrical contractors to create/send materials orders in real time.Freedom Brands, a Vegas-based female-owned company that produces and sells all-natural deodorant and premium body products with clean ingredients.
Longtime electrical contractor Chris Paris founded Nevaka — which gives contractors access to more than 2 million catalog items and the ability to search, create and track material releases, deliveries and backorders — in 2019, according to previous reports.
Mark Aston, a retiree who was serving as a mentor for the nonprofit StartUpNV in Reno (of note, StartUpNV operates AngelNV), became Nevaka’s co-founder in September 2019 and later the CEO in January 2020.
Nevaka, SafeArbor and Freedom Brands were selected among six finalists at the May 8 event, according to the press release, which notes that many AngelNV investors are forming their own separate investment funds “to independently invest more capital in their favorite AngelNV