Nov. 14, 2014 | Danielle Abril | Dallas Business Journal
Richardson startup Cariloop scored $50,000 worth of prizes after winning the Startup Jackpot contest at the National Angel Summit in Dallas on Thursday.
The company, led by cofounder and CEOMichael Walsh, created a digital platform that connects users to senior care services. Cariloop beat out four finalists, all of which presented at the culmination of the summit, to take home the top prize, which included $15,000 in cash.
Also included in the prizes was free space for up to six-months provided by the Dallas Entrepreneur Center, $2,500 worth of legal services provided by Vela Keller LLC and $2,000 worth of design work from Friendly Design.
Walsh said he plans to use the funding to add a new capability that will send text and email updates to families and health care providers as things change.
"It was so great to see everyone come together for the summit the past couple days," Walsh said. "So just the opportunity to be part of that was something I'll never forget."
Earlier this year, Cariloop, a 2013 graduate of Health Wildcatters, closed a $400,000 round of fundraising. It also began piloting new services that allowed families to talk to licensed or certified professionals via phone or video chat.
Serial entrepreneur Alexander Muse's company ViewMarket, which helps clients monetize videos on the Internet, took home second place and $2,500 in in-kind prizes. Muse increased his winnings by more than $400 after participating in a money grab inside a cash machine provided by Startup Jackpot.
Third place went to JoopLoop, a graduate of this year's VentureSpur class. JoopLoop, led by John Perls, also took home $2,500 in in-kind prizes and increased its winnings in the cash machine.