Central Valley Angels invest in cloud software
Central Valley Business Times
October 22, 2019
Take a position in Worksana’s parent company
- “We believe in the concept”
The Central Valley Angel Group has added Worksana, a unit of Morro Bay-based Vendorver Inc., to its investment portfolio. Worksana is a cloud-based time system and mobile timetracking application designed for California labor law compliance. The software enables employers to track employees and manage resources more efficiently, the company saus.
“We believe in the concept and are convinced this is the management team to carry it forward, ” says Fund Chairman Emory Wishon. Worksana CEO and Co-Founder David Hergenroeder says the investment from Central Valley Angel Group “will help our company prosper in growth while in turn we help other businesses maintain efficiency and compliance with our solution.
” Formed in September 2015, Fresno-based Central Valley Angel Group is a $1 million+ fund whose members are accredited investors. It invests in high-growth, early-stage companies that are located within the region. In addition to making a return on its investments, the goal is to educate local Angel investors and create ongoing investment capital to help the Central Valley’s startup economy thereby retaining businesses and supporting job growth.