Organizing Resources, Leveraging Specialties, Cultivating Business
Dan Nielsen -Aug 23, 2017
TRAVERSE CITY — Local investment group Boomerang Catapult LLC has invested $1 million in GeoTix, an online event ticketing company.
Boomerang Catapult in early August announced a $500,000 investment in Traverse City-based Naveego, a cloud-based data management company. It previously invested in three other companies. Additional investments are on the way.
"Well do some more," said Casey Cowell, Boomerang Catapult principal. "We're looking at few things right now."
Cowell, co-founder, past chairman and CEO of tech giant U.S. Robotics, is the driving force behind Boomerang Catapult. He works with co-principal Lowell Gruman, a corporate finance and governance specialist. But Cowell so far has provided all the money Boomerang Catapult has invested in local companies. Read more...
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