Kirsh Helmets, Inc. and Impact Technologies LLC, successfully closed their seed funding round in an oversubscribed offering. Collectively, the affiliated companies have accepted combined investment transactions exceeding $1 million in aggregate value, with the largest portion closed in early July.
Kirsh Helmets, with its focus on the motorcycle helmet vertical, is commercializing the technology developed by Impact Technologies LLC. With the investment proceeds in place, Kirsh is aiming to develop the lowest profile, toughest and most effective half-shell motorcycle helmet on the market.
“Style, safety, comfort and improved performance. That’s what Kirsh Helmets represents,” said Jason Kirshon, the inventor of the underlying technology, as well as founder and CEO of both Kirsh Helmets and Impact Technologies LLC. “With this first round of funding, and the support of our local startup community, we’re ready to take to the streets and deliver the best riding experience possible.”
“This will allow us to ramp up production to meet growing demand and increase marketing efforts across the United States,” said Don DeVito, president and COO of Kirsh Helmets.
Kirsh Helmets, located in the New York BizLab business accelerator in Schenectady, New York, kicked off the funding round with the BizLab’s VirtualFund Network of investors.
The $1 million in aggregate investment into the affiliated companies came from various investors, among them was Square Peg Ventures LLC, an early stage fund established by local startup attorneys Eric Leander and Matthew Wagoner of The Wagoner Firm PLLC. The Wagoner Firm is also members of the BizLab’s BizHub, in-house advisers at the accelerator.
“This is a category killer,” said Leander, managing member of Square Peg Ventures LLC and a founding partner at The Wagoner Firm. “We put our money where our mouth is; Square Peg was the first money in. We recognized the market potential of Jason’s technology immediately.”
The Wagoner Firm serves as general corporate counsel to both Kirsh Helmets, Inc. and Impact Technologies LLC. The firm represented the companies in the recent negotiation and closing of their latest (and single largest) capital investment from an undisclosed investor.
“All hurdles surrounding the negotiations, documentation and closing of this deal were eliminated by the adept negotiations, creative suggestions and collaborative approach of our attorneys,” said DeVito.
“We are firm believers that early stage investors need to bring more to the table than just money. We were happy to step up and provide Kirsh and Impact Technologies with the legal horsepower they deserved,” said Wagoner, managing partner of The Wagoner Firm.
“Support from the community has been overwhelming, people are eager to help us succeed,” DeVito said. “We’re looking forward to growing this company, bringing manufacturing back to the U.S. and having a positive impact on the technology sector in the Capital Region.”
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