UA Venture Capital Fund, LLC (UAVC), the Tucson based venture capital fund dedicated to University of Arizona commercialization of discovery products and services, today announced its fourth portfolio startup company investment.
The Fund has participated in funding a seed round of growth capital for Qwick, Inc. (www.qwick.com). Qwick connects hospitality businesses to dependable, reliable and highly rated workers in real-time. Qwick has developed a technology platform which allows hotels and restaurants to locate temporary staff instantly by posting an open shift.
Qwick offers the hospitality professionals on the platform flexibility and control over their schedules, and the ability to choose who they want to work for. Businesses benefit by being able to fill shifts in real-time with a qualified and vetted workforce at a fraction of the cost of traditional staffing agencies. Launched in Phoenix less than a year ago, the company has already registered over 4,000 hospitality professionals and over 130 hotels, catering companies, event venues, restaurants, and bars. The invested funds from UAVC will be utilized to continue Qwick’s expansion into additional markets.
Blaine Light, the company’s COO and co-founder, is a University of Arizona College of Engineering graduate (Summa Cum Laude) and a McGuire Entrepreneurship Program graduate. He previously helped launch Uber in Arizona, Nevada and New Mexico. “I'm enjoying applying what I learned at Uber to the Food and Beverage space. I'm inspired by all the people we are helping, and I love hearing about the extra income they are earning in their downtime." said Blaine.
Jamie Baxter, a former Global Technology Director for a publicly traded international advisory firm is the company’s CEO and founder. “We are pleased to have UAVenture Capital Fund as local financial investors and mentors. What UAVC is doing for the University of Arizona commercialization efforts is remarkable and much needed. We are proud to be a part of their investment portfolio.”
“We are absolutely thrilled to be involved with Qwick”, said Fletcher McCusker, CEO and founder of UAVenture Capital Fund. These are the kinds of extremely bright and intelligent young entrepreneurs with disruptive technologies that we want to help keep in Arizona.”
For further information contact:
Fletcher J. McCusker
UA Venture Capital Fund, LLC
About UA Venture Capital, LLC
Formed in 2017, UAVC is a venture capital fund founded by Fletcher J. McCusker and Michael N. Deitch, and dedicated to the commercialization of University of Arizona innovation. The fund makes early stage investments in emerging and disruptive technologies formulated by UofA researchers, faculty and students (www.uaventurecapital.com).