Events-management startup Hubb won the ninth competition held by the organization, which focuses on early-stage investing rounds.
Seattle Angel Conference has named Vancouver, Wash., startup Hubb the winner of its first competition of the year. The event-management software company will receive a $155,000 investment from the network of angel investors.
Seattle Angel Conference, which brings together individual investors and trains new investors, holds two competitions each year to vet startups throughout a four-month period.
The organization awarded the second-place prize to clean-tech company Crystal Clear Technologies, which will receive an $80,000 investment.
Hubb helps businesses plan and promote big events and conferences. The company was launched four years ago in the southwest Washington city.
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“Our goal of participating in the Seattle Angel Conference this year was to shed light on the challenges facing the events industry and help the Seattle Angel investors see the untapped opportunity that lies in event technology,” Hubb CEO Allison Magyar said in a statement.
The competing startups submitted applications in February and the group of more than 60 companies was slowly whittled down by investors.
Seattle Angel Conference has trained nearly 200 investors in the Pacific Northwest region, and makes it a mission to bring qualified people into the investing world. The group focuses on early-stage investing rounds, an area the region’s startups often say is lacking in Seattle.
Seattle Angel Conference will conduct its next competition beginning in September.