Oklahoma startups are cashing inPublished: Tuesday, December 13, 2016 By: Jack Money Source: NewsOK
Chalk up WeGoLook, LLC's deal with Crawford & Co. as another success story for i2E and the Oklahoma Center for the Advancement of Science and Technology.
On Dec. 6, Crawford & Co. announced it would acquire an 85 percent membership interest in Oklahoma City-based WeGoLook for $36.125 million.
The deal will repay i2E for its initial investment in WeGoLook, giving the not-for-profit corporation the ability to put that money into another good idea. The amount of i2E's investment was not disclosed.
It's the second time in recent weeks that a company i2E has helped grow and made an investment in has been able to turn a corner, take its business to a whole new level and allow i2E to exit as an initial investor. Selexys Pharmaceuticals Corp. announced it had sold itself to Novartis for up to $665 million less than a month ago.