Client Overview:
The mission of Vertimass is to develop and widely license breakthrough technologies that substantially expand production of sustainable transportation fuels and chemicals that reduce greenhouse gas emissions and improve energy security and domestic economies. Commercialization of proprietary Vertimass technology can overcome the blend wall that currently impedes expansion of ethanol production from multiple sources of biomass and open up large new markets for aircraft and heavy-duty vehicle fuels and for chemicals not currently amenable to ethanol.
The Challenge:
Vertimass was already an operational company when they decided to partner with us. They had successfully secured more than $10,000,000 in funding from their internal investor group, but still required assistance to further their fundraising efforts. Their target was to raise in excess of $12,000,000 in total. To achieve this, they enlisted the help of StormX to tackle this ambitious challenge.
The Solution:
StormX collaborated closely with the founders of ShopOff Investments and the Vertimass team to gain an understanding of their desired investor demographic. They were particularly interested in reaching out to accredited investors within the Cleantech, Renewable, and Biofuel sectors. We promptly commenced the requested data research and began drafting the outreach scripts. The entire preparatory process, including the initialization of their dedicated email domain for this campaign, was successfully completed in a span of two weeks, following which we launched our outreach initiative.
The Results:
Over a collaboration period of more than 5 months, StormX and the Vertimass team diligently worked towards the completion of this endeavor. While we didn’t manage to raise the entire $12,000,000, we successfully secured a $2,000,000 investment through the investor connections we initiated.
Vertimass’s investment team required some time but effectively managed to make multiple touchpoints on the StormX platform. Unlike many situations, StormX didn’t need to provide any guidance to the Vertimass team concerning their investor pitch or presentation deck. With a consistent influx of more than seven investors scheduling calls with Vertimass’s investment team, we had a robust engagement. The Vertimass team effectively utilized the StormX platform’s built-in dialer pad system for follow-up calls and leveraged the email workflow feature to diversify their modes of communication.
Conclusion:
The journey of Vertimass in their fundraising endeavor, in collaboration with StormX, embodies the spirit of perseverance and strategic alignment. While the challenge was daunting, aiming to raise over $10,000,000, the teams managed to secure a significant investment of $2,000,000, further strengthening Vertimass’s financial standing.
The process, which spanned over five months, brought about a deeper understanding of the potential within the Cleantech, Renewable, and Biofuel sectors. The initiative demonstrated the effectiveness of targeted outreach and strategic utilization of the StormX platform, culminating in consistent engagement with investors and effective follow-up procedures.
Even though the set target wasn’t fully reached, the acquired funds and valuable investor relationships forged in the process mark substantial progress towards Vertimass’s mission. The company’s commitment to reducing greenhouse gas emissions and improving energy security through innovative, sustainable technologies continues to inspire and appeal to the investor community. As Vertimass advances in its journey, we anticipate witnessing the remarkable impacts of its groundbreaking technology on a global scale.
