Coplex Raises $2.5M in Equity Financing
Summary
The round, which came over a year after Coplex merged with AZCrown Ventures LLC, was led by DFE, the family office of Bennett Dorrance of Campbell Soup fame; and AZ Crown, the family office of Insight Enterprises Co-Founders Tim and Eric Crown. In addition to the family office leads, the round included entrepreneurs, such as: – Ilya Pozin — Founder of Pluto TV (a Coplex alumni company), which he sold it to Viacom for $340M in 2019. – Gregg Larson — A leader in the real estate tech industry and the founder of Clareity, which he sold to CoreLogic in 2017. – Kal Somani — Angel investor and founder and CEO of IntraEdge, a technology services and products company with offices across the U.S. and around the globe. Coplex is also launching a Corporate Venture Builder Program designed for enterprises looking to create high-growth tech “Spin-outs.” Led by Zach Ferres, CEO, Coplex is a venture builder that partners with industry experts, entrepreneurs, and corporate innovators to start high-growth tech companies.