EnviRelation Wins Business Plan Competition, Secures $100,000 Investment via the District’s CAPCO Program
EnviRelation will be expanding its business with the $100,000 investment it was awarded from winning the DC Business Plan Competition:
EnviRelation, a District-based environmentally sustainable food composter and winner of the 2010 Washington, DC Business Plan Competition, today secured an investment of $50,000 from Advantage Capital Partners and $50,000 from Enhanced Capital Partners via the District’s CAPCO Program. These funds will be used to expand this young business and position it for future growth.
“We appreciate the recognition and support that this investment brings to our innovative company. This exciting opportunity to grow our business would not have occurred but for the Washington, DC Business Plan Competition and the District’s small business investment tax credit program, known as CAPCO,” said Walker Lunn, Founder and CEO of EnviRelation. Lunn continued, “Working capital from commercial banks is not readily accessible for small but fast-growing companies like ours, and the District is fortunate to have a CAPCO program that it is specifically designed to provide access to capital to District-based businesses in need of funds to grow.”