Evansville Tech Company Attracts More Investment
Evansville-based Curvo Labs Inc. has landed $900,000 in funding. The support comes from a group that includes two recently-appointed advisors and Elevate Ventures. The tech company has raised $2.1 million since its founding in 2012.
Curvo develops software for health care supply chain management professionals. Officials say annual recurring revenue jumped five-fold in 2016 and the latest investment will beef up Curvo Labs’ sales and customer support resources. The funds will also help with innovation of its sourcing platform.
Chief Executive Officer Andy Perry says "there is a real bandwidth problem inside our hospital supply chains, but our industry doesn’t have to accept this as reality. We spend our time as a company understanding our customers’ work day, what they’re trying to accomplish, and their organizational goals, and we build SaaS technology and customer success functions to make it faster and easier to get things done."
Florida-based Snake Run Capital founder Kent Parker led the funding round. He was joined by Florida software executive Steve Piotraczk, Elevate Ventures and additional angel investors. In October, Curvo Labs added Parker, Piotraczk, former Idaho-based St. Luke’s Health System Chief Medical Officer Tom Faciszewski, Brent Petty of Kentucky-based Lexmark and Brian Groves of Illinois-based Strata Decision Technology were added as Curvo advisors.
Curvo Labs’ funding connection with Elevate Ventures dates back to 2013 when the company received $50,000 as part of the Indiana Community Development Fund program.