CEO Robert Preville to present “Shark Tank”-style at Charlotte Venture Challenge
Wilmington, NC; March 20, 2015 –The Charlotte Venture Challenge (CVC) recently announced their selection of early-stage companies to participate in the 2015 competition. KWIPPED, an online equipment rental marketplace, is one of six IT and Informatics startups chosen and will represent eastern North Carolina in this category on March 31.
In its 14th year, The Challenge is a startup competition that offers 30 emerging companies across the Southeast United States a chance to showcase their work and future goals to a panel of venture capital investors. According to KWIPPED CEO Robert Preville, it’s an opportunity that presented itself at the right time for the new and expanding KWIPPED.
“This is a great chance to share KWIPPED with other entrepreneurs and investors throughout the region. While our focus will be on promoting our marketplace, we’re also excited to tell others about our coastal region’s burgeoning technology scene, which includes a long list of promising and innovative startup firms,” Preville said.
KWIPPED, which launched its digital rental platform in November 2014, serves equipment rental suppliers and renters across the globe. Preville believes the CVC selected his firm to present in front of their seasoned investors because KWIPPED is a truly unique and comprehensive online equipment rental marketplace serving more than 500 equipment categories in 16 industry verticals – but not for this reason alone.
“I believe our selection was based on three factors,” Preville said. “First, there is a huge market for our services. In addition, we solve a real challenge in the global rental market that, when fixed, can save business owners and professionals valuable time, energy and resources. Last but not least, KWIPPED was created and is supported by a team of entrepreneurs with relevant experience – something not every startup at the Challenge will be able to claim.”
CVC supplies resources, recognition and connections to competitors through various workshops and assessments, according to the event website. The Challenge highlight is a chance to pitch to a panel of Angel and Venture Capital Investors as well as Fortune 500 corporations.
“We plan to take full advantage of this opportunity we’ve been given,” Preville said. “We will pursue equity financing and hope to identify partners that can help us achieve our goals.”
“The experience of presenting in front of an audience with so much influence will be a great milestone for KWIPPED. It’s preparation for our future and being selected for this honor is another confirmation that we’ve got something great in the works.”