INDIANAPOLIS, Ind. (April 19, 2017) – Angel investors bring two key things to a start-up company’s table: investment capital and human capital. In naming VisionTech Partners’ general partner David Helmer to its Board of Directors, Indianapolis-based WorkHere has secured both after receiving investment support from VisionTech Angels earlier in 2017.
Helmer, who is also the owner and co-founder of Helmer Scientific, joins the WorkHere Board of Directors after consulting on a pro bono basis with the mobile recruiting/job search app company since February. WorkHere has succeeded in raising more than $2 million in private investment capital, a portion of which is from VisionTech Angels and the VisionTech Partners investment fund. The company will use the funds to fuel its expansion in additional metro areas beyond Indiana over the next 12 months.
“We are so pleased David agreed to taking a more formal role with our company,” said WorkHere President and CEO Howard Bates. “Our relationship with VisionTech began much like other start-up companies, with a pitch to potential investors. Apparently, they liked what our mission, vision and managements positive past track record.”
Added Bates, “Having the investment support of VisionTech Angels and now the counsel of David, who is a very bright, seasoned entrepreneur, businessperson, and community and global advocate, as well as David’s extensive international business experience is very important to a high-growth company like WorkHere.”
WorkHere is one of 20 early expansion phase companies, the majority of which are based in Indiana, in VisionTech’s investment portfolio. Helmer, a general partner in VisionTech since 2014, said WorkHere caught his attention when they first introduced their company to the statewide angel-investing group in 2016.
“What made WorkHere attractive as an investor is that it solved a big problem for employers and workers primarily in the manufacturing, heath care and service industries—how to connect people to jobs efficiently. As an employer, I know exactly how difficult it is to have a pipeline of qualified people when you’re hiring,” Helmer explained.
Helmer added that he is impressed at how quickly people have adopted the GPS-enabled app. “After a year in business, WorkHere has 43,000 users in Indiana alone and is adding upwards of 500 people a day to their user base. It will definitely be exciting to see how people respond in other major metropolitan areas like Chicago and Cincinnati.”