by: Business Observer StaffNAPLES — A group of investors from the Tamiami Angel Fund, based in Naples, has closed a deal to invest $400,000 in Vital Vio, a New York company behind LED technology that can kill germs while illuminating interior spaces.
The funds will be used to expand applications of Troy, N.Y.-based Vital Vio's technology and adoption of its germ-killing LEDs, according to a statement. Other investors include the New York State Innovation Venture Capital Fund, Belle Capital and Connectivity Capital Partners.
Tamiami Angel Funds consist of three member-managed funds. Vital Vio is the fourth company in which Tamiami Angel Fund III has invested. “While our funds have a preference for investing in Florida, we are always searching for the next great company anywhere in the U.S.,” says Timothy Cartwright, chairman of Tamiami Angel Funds, in the release. “Investing in companies outside Florida puts Naples on the venture-capital map, an important aspect of economic development for Southwest Florida.”
Vital Vio has commercialized a patented White Light Disinfection LED technology that kills germs with the flip of a light switch, the release states. Partnering with lighting-industry leaders, the technology is now integrated into a range of products providing illumination and continuous disinfection in public places such as hospitals, schools, gyms and food facilities. For example, Duke University athletic facilities installed the company's germ-killing lighting technology to protect athletes from infection, the release states.
“Our six-year early stage investing history as the Tamiami Angel Funds allows us to leverage our relationships to quickly syndicate top-shelf investment proposals like Vital Vio, which has an impressive combination of a deep intellectual property estate and a highly effective management team,” Timothy Cartwright adds in the release.