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Tamiami Angel Fund I invests in PlusOne Solutions, Inc.


Tamiami Angel Fund I invests in PlusOne Solutions, Inc.

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Region's first Angel Fund announces first investment.

The Tamiami Angel Fund I (TAFI) announces its first investment in PlusOne Solutions, Inc., an Orlando, FL based company that provides training, background checks, certification and insurance verification for independent contractors, who work for such well-known national retailers as Sears and Samsung.

The Fund is investing $200,000 in PlusOne and its members have committed an additional $285,000 of “sidecar” funding for a total investment of $485,000 in PlusOne’s Series B Preferred Stock Offering. Sidecar funding is the optional add-on investment made by the individual members of TAFI. PlusOne is an industry leader that provides solutions to improve the quality and coverage of service networks. In 2008, the company had seven clients. Now it has 25 including Whirlpool, which uses thousands of independent contractors to fulfill its installation and repair services.

The Tamiami Angel Fund is the first angel fund in Southwest Florida and PlusOne is its first investment. TAFI has reviewed over 194 business plans and invited 9 to present to its members since its August 2010 inception. “We are incredibly pleased with the level and number of ideas we see and PlusOne is one of the best. TAFI found PlusOne's investment prospectus compelling because of its existing customer base, targeted suite of product offerings, expanding marketplace and solid management team”, said Timothy Cartwright, Chairman of the Tamiami Angel Fund and Partner at Fifth Avenue Advisors.

TAFI’s members include a number of the region’s leading investors, entrepreneurs, and former C-level executive from Fortune 500 companies who are dedicated to accelerating early through expansion-stage ventures. “Angel investing represents a significantly large and growing portion of investment capital available to growth oriented companies,” Cartwright said. “Angel Funds have recently gained traction across the US as a preferred method for angel investors. The fund model provides a structured process that facilitates a relatively quick and efficient investment decision.”

In February 2011, PlusOne was among 50 companies to have earned a place in Florida’s inaugural class of “Companies to Watch”, an accolade presented by the Florida Economic Gardening Institute at the University of Central Florida, ACG Florida, the Edward Lowe Foundation and The Governor’s Office of Tourism, Trade and Economic Development. As a member-managed angel capital fund, TAFI utilizes its capital, resources, and expertise of its members to assist portfolio companies. With TAFI’s investment, the Fund will gain a seat on PlusOne’s Board of Directors.

TAFI will typically invest between $200,000 and $500,000 in a company and is seeking quality investment opportunities. The Fund focuses on growth-oriented companies with revenue, where the principals and founders are highly committed. Entrepreneurs are encouraged to submit their business plans at the Fund's website,

“We are delighted to be Tamiami Angel Fund's first investment. Since the founding of PlusOne six years ago, it has consistently seen a 60 percent growth in its revenues each year. By working with this dedicated and experienced group of business minded investors, we are much better positioned to handle our growth and success” says Craig Reilly, CEO of PlusOne Solutions, Inc.

“A lack of access to growth capital and a relatively undersized venture capital market have prevented Florida from maximizing its full potential,” says Cartwright. “While ROI is the primary goal for the Tamiami Angel Fund I, our goal is double bottom line investing where we seek the highest ROI but also desire to have a positive impact on the state of Florida’s economy.”

About the Tamiami Angel Fund I: The Tamiami Angel Fund is a for profit member-owned and member-managed limited liability company, organized to provide Members an opportunity for active involvement in a diversified investment process through a portfolio of Florida based emerging growth companies. The Fund's strategy is to leverage an investment committee approach and a mentorship philosophy, through which Angels, as successful executives and entrepreneurs, can be involved in business investing, value creation, and benefit from shared ideas and resources. Learn more at The Tamiami Angel Fund I is a member of the Angel Capital Association
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Tamiami Angel Fund I invests in PlusOne Solutions, Inc. Region's first Angel Fund announces first investment.