BOULDER, Colo.--(BUSINESS WIRE)--Ignyte Lab, a sector-agnostic management company, today announced the launch of a Series B round to bring in additional interested investors and increase the number of companies in the Ignyte Lab portfolio.
Incorporating learnings from incubators, accelerators, foundations and co-working environments, Ignyte Lab Founder and CEO Ryan Ferrero launched this new category of business support. The Series B round, launching today, aims to raise $750,000 to expand the Ignyte team and resources, provide additional support to current portfolio companies and actively pursue additional companies.
“There are already many accelerators and incubators doing a great job helping entrepreneurs turn ideas into companies,” said Ferrero. “But after companies have worked through incubation and are in-revenue, needs change to areas of scalability, brand refinement and strategic navigation — that’s the unique niche Ignyte fills.”
While Ignyte will consider companies in nearly any business sector, the team is focusing on organizations with needs centered around growth and scalability and a management team compatible with Ignyte leadership. Selected companies receive Ignyte support in return for an equity stake and may also purchase additional services from Ignyte for a fee if desired.
Ferrero, a board of advisors consisting of serial entrepreneurs and in-house resources support Ignyte portfolio companies in areas such as fundraising/investor relations, partnership development and operations. In addition, vetted professionals in a variety of disciplines, including legal, finance and accounting, public relations and digital marketing, work with Ignyte management to provide services to portfolio companies.
About Ignyte Lab
Headquartered in Boulder, Colo., Ignyte Lab is a next-generation business management organization with a focus on growing revenue and company valuations. Ignyte discovers, launches and builds companies, working alongside veteran entrepreneurs, brand-makers and investors to accelerate the growth of promising organizations led by seasoned entrepreneurs. To learn more or to apply for consideration, please visit www.igntyelab.com.