The North Texas Angel Network (NTAN), an accredited angel investor membership organization, announced six of its members have invested a total of $95,000 in Compression Works, a company dedicated to manufacturing hemorrhage control medical devices for military and first responder markets around the world.
The due diligence was led by Yuriy Vasylenko, an NTAN member, who notes: “We are excited to partner with Compression Works and support them in the pursuit to save lives by stopping traumatic hemorrhages.They have an innovative product and a strong management team, which positions them well to address a large and currently unmet need in both military and emergency medicine segments.”
What makes the investment even more rewarding is how Compression Works is partnering with Mission to the World, a humanitarian aid organization collecting and delivering medical supplies to the war-torn region of Ukraine. Compression Works is hearing life-saving stories from Ukrainian soldiers on the frontlines.
Scott Dodson, CEO of Compression Works, shares, “NTAN has been terrific to work with in terms of capital contribution and also in networking introductions and opportunities that can drive awareness for our life-saving technology.”
Jeff Murphy, NTAN’s executive director, adds, “We are off to an exciting start this year with new NTAN investments and members both inside and outside the North Texas area. This growth speaks to the strength of our board leadership and NTAN members spreading the word about our organization.”
Over its 15-year history, NTAN members have invested more than $10 million into startup organizations, primarily in North Texas. Notable investments from NTAN members include Gardenuity, Ikonopedia, Natural Dental Implants, Tella Firma, and Vital Arts & Science.
About North Texas Angel Network
Since 2008, the North Texas Angel Network (NTAN) has connected early-stage companies with angel investors to help private investors make private deals with private companies. The nonprofit, member-led organization reviews investment opportunities across industries, including medical device and service companies, software and hardware technology, and construction innovation, among others. One of the oldest and largest networks in Texas, NTAN is a member of the Angel Capital Association and the Alliance of Texas Angel Networks. Follow NTAN on LinkedIn to learn more.
About Compression Works
Compression Works is the developer and manufacturer of the Abdominal Aortic and Junctional Tourniquet-Stabilized (AAJT-S) medical device. The company delivers innovative solutions to meet the most pressing and unmet needs of emergency healthcare providers and military medical caregivers. Compression Works is committed to hemorrhage control research, identifying capability gaps and developing technologies and products to help facilitate the delivery of quality life-saving care. The life-saving multi-use technology is used by the U.S. military, trauma centers, rural emergency departments, EMS and federal and local law enforcement agencies. The AAJT-S device is proudly manufactured and assembled in the USA. Compression Works is a veteran owned business dedicated to saving lives on and off the battlefield.
