High Alpha portfolio firm Anvl raises $2M in seed funding

Anvl Inc., which markets cloud-based business software to reduce and prevent injuries to maintenance workers, announced Wednesday it has raised $2 million in seed funding.

Anvl plans to use the funds to grow its platform and hire employees in sales, services, engineering and marketing, company officials said.

The funding round included participation from Washington, D.C.-based Revolution's Rise of the Rest Seed Fund, High Alpha Capital and "a number of experienced tech leaders and angel investors," the company said, including Fishers entrepreneur Steve Cage, who is joining the Anvl board.

Anvl, a High Alpha venture studio portfolio company that has eight employees, was officially launched in October. 

“I am passionate about building and backing companies like Anvl that are disruptive, create jobs and make a big impact on business outcomes,” Cage, who built and sold two quality-control businesses, said in a written statement.

Scott Kraege, co-founder and former CEO of Mobi Wireless Management—which was acquired by New Jersey-based Tangoe Inc. in 2018—also is joining the Anvl board.

“The rapid acceleration of mobile technology for frontline workers provides Anvl with a huge opportunity to help companies drive transformational changes with safety culture and behavior,” Kraege said in written comments.

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