Funding Stories is an online series in which founders of Deeptech companies tell the story of how their startup got funded by both venture capital and non-dilutive Federal funding. In Funding Stories, we gain insights from successes and failures from some of Eagle Point Funding’s customers. We also learn about what they are looking to raise next.
Marcia-Elizabeth Christian Favale
Founder and CEO of Blingby
In Episode 1 we are joined by Marcia-Elizabeth Christian Favale, former investment banker and current CEO and founder of Blingby. Marcia has experience in investing, founding, and running companies and her current start-up is on the way to disrupt the way the private sector and Dept. of Defense use video to advertise.
On Applying to Air Force Funding:
"It was one of the best decisions we have ever made.”
“The most important thing is the type of money you bring on board…If you are building something for longevity…then consider the source.”
CEO of Nanoramic Laboratories
In Episode 2 we are joined by Eric Kish, CEO at Nanoramic Laboratories. Nanoramic was born out of MIT and is focused on energy storage using nanocarbons. Within the first 7 years, Nanoramic won upwards of $10M in grants and today has raised more than $38M in investments. Eric grew up under communism and today is a serial CEO, author on business leadership, and educator.
On Federal Funding:
“We are lucky that we have an alignment between what we would have done anyway and the needs of the government. So, it’s a perfect match there.”
“Now with revenue it’s a different play. We are raising much more money, we are raising a $100M.”
CEO & Founder at RoboTire
In Episode 3 we are joined by Victor Darolfi, CEO and Founder at RoboTire. RoboTire is a robotics company committed to an efficient and fast future that will answer the challenge of labor shortage with automated tire changing and car maintenance. Victor grew up in Detroit and since he moved to the Bay Area has been building robotics and automation technology for industry. RoboTire has survived and thrived with strategic partners like Mitsubishi who share their vision, with federal funding, and with investments all of which have led to the commercial traction they enjoy today.
On Federal Funding:
"I also see the military as a way to really harden the tech…When I look at it, I was like: Yes, great non-dilutive funding! How can we help everyone? And how can they help me on the consumer side?”
“Believe in the vision…(an investor whom) kind of wants to get their hands dirty a bit or be a sounding board.”