TWV Capital Management has closed a $2.5 million investment by Texas Women Ventures Fund II, LP and Texas Women Ventures Fund-Side, LP (“TWV”) in Entegra Technologies. (“Entegra”), the industry leader in customizable, modular tablets. The closing took place on June 12, 2014.
Established in 2012, Entegra is a design, engineering and manufacturing services company providing modular mobile computer devices (tablets) to military and commercial users in defense & public safety, healthcare, transportation, energy, retail and restaurant industries. CrossfirePro™ is a trademark of Entegra Technologies in the United States and other countries. Entegra is headquartered in Plano, TX and has a gender inclusive management team (www.entegratec.com).
Entegra will use this growth capital for the launch and initial production of its CrossfirePro™ tablets, a truly modular platform for commercial mobile tablet users. The CrossfirePro™ tablet is engineered to perform in all environments, indoors or out, hot or cold, wet or dry, and can be easily upgraded by swapping out individual pieces to incorporate new technology options. CrossfirePro™ is available for order now with deliveries beginning in July 2014.
“CrossfirePro™ is a dynamically different approach to the current tablet landscape,” said Shaunna Black, Managing Partner, Venture Pacific Group and TWV investor. “It solves a big issue facing enterprise IT and field project teams – the need to support different users and use cases with a common, secure platform. The CrossfirePro™ modularity allows the tablet to be uniquely tailored to meet the specific needs of each user group while making life simpler for IT with a single platform to manage.”
“Entegra had numerous funding options, but we decided to partner with TWV Capital because they share our management team’s vision for the company,” said Steve Carpenter, CEO Entegra. “We also believe that the industry expertise available from TWV Capital’s advisory board will help us achieve our fast track growth plans and other business goals.”
TWV Capital provides growth capital through capital solutions to private companies with inclusive management teams and ownership, is continuing to fulfill their mission to invest in gender inclusive companies.
The firm’s invetsment crtiteria is as follows:
- Women-owned or women-led business
- Located in Texas or the Southwest
- Growing, with revenues between $10 million and $100 million
- A profitable business with positive cash flow
- Solid management and financial controls in place
- Searching for an experienced team of trusted advisors
- Seeking at least $1 million in growth capital
TWV Capital is unique in that they leave ownership and control with the current owners and management team. In addition to providing capital, TWV Capital offers an experienced team of over 100 industry and functional experts, entrepreneurs, and seasoned professionals who serve as trusted advisors and resources for portfolio companies. The firm is based in Dallas (www.twvcapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-1-14