Damon Kirchmeier has joined Auxano Funding as a Managing Director. Salt Lake City-based Auxano provides revenue based loans to early stage companies.
SALT LAKE CITY, June 11, 2013 /PRNewswire-iReach/ — After 15 years of investing in early stage companies in and around Utah, Damon Kirchmeier has joined Auxano Funding as a Managing Director. Damon brings with him extensive experience in funding and helping grow startup businesses. Damon began his investing career in 1997 with InnoVentures Capital specializing in fast growing early stage ventures. During his career, Damon has invested in more than 80 new companies including ProPay, Listen Technologies, and Zeal Optics. In addition to investing in the companies, he has served on the boards of several of the companies and been advisor to many.
Jeff Smith of Ingram Medical has worked with Damon at Ingram and previously with Cerberian. “I have enjoyed working with Damon over the years”, said Jeff. “He has an uncanny knack for picking startup winners. He has probably seen most of the significant startups in Utah and had a hand in most of them in providing debt through InnoVentures. That experience will do him well in any experience involving startups. I would put my money into anything he is doing.”
Damon will be joining founders Jensen and Davis Warnock as a Managing Director of Auxano Funding. Jensen had this to say about the addition of Damon, “Damon’s experience and expertise with venture debt in Utah makes him an invaluable addition to our team, and the time and talent he has infused into the entrepreneurial ecosystem over the years has been an integral piece of many Utah businesses. You would be hard pressed to find a better fit for the Auxano Team.”
Rick Alden, founder of Skullcandy, added “Damon is the heart of the financial and entrepreneurial community in Utah. Joining the Warnocks, Auxano is going to be a powerful force. Start-ups in Utah have a new ally.”
Damon began his career in nuclear engineering which has served him well in the technical and fast paced environment of early stage investing. Damon holds a degree in Mechanical Engineering from Oregon State University and an MBA from the University of Utah. He is also a graduate of the Naval Nuclear Power School in Orlando, Florida and is the current Honorary Commander of the 421st Fighter Squadron – the Black Widows.
ABOUT Auxano Funding Auxano was founded in 2011 to provide entrepreneurs an innovative, startup friendly capital source that fits a larger number of companies than traditional sources. Auxano provides from $100,000 to $500,000 to early stage companies in the form of a revenue based loan and will invest across a wide variety of industries. Auxano is entrepreneurially minded and the deal structure reflects this understanding. For more information about Auxano Funding visit www.auxanofunding.com or call (801) 231-0027.