On July 10, 2024
Local News

Rutland-based Tacitly received $75,000 investment from the Green Mountain Accelerator Fund

Submitted - Rutland-based Tacitly, Inc. receives early-stage investment of $75,000.

The Green Mountain Accelerator Fund (GMAF), an investment fund dedicated to supporting rural Vermont tech startups, has invested $75,000 in Rutland-based Tacitly, Inc. This is the first investment made by the recently launched GMAF, which is managed by the Center on Rural Innovation, and aims to spark scalable entrepreneurship and tech job creation in rural Vermont by investing in early-stage tech startups. The announcement was made June 20. 

Tacitly, a company with a team of five, specializes in creating augmented reality (AR) and virtual reality (VR) technology for training purposes. Their innovative solution provides immersive training experiences, ideal for situations where hands-on equipment is either costly or easily damaged. Their debut product is an AR training environment designed for nurses to practice using code carts. Recently, they secured their first sale with Dartmouth-Hitchcock Medical Center. 

“We are excited to support Tacitly with the inaugural investment from GMAF. The team at Tacitly has developed a technology with wide-ranging applications and substantial growth potential. Their effort is representative of the vibrant tech startup scene emerging in rural Vermont,” stated Jay Bockhaus, managing partner of the CORI Innovation Fund.

“The team is absolutely honored to be the first investment by the Green Mountain Accelerator Fund. At our early stage, most venture capital firms are too risk-averse to invest. Having an early-stage fund like GMAF in Vermont allows us and other local startups to continue growing and bridge the gap to being ready for investment by other firms,” stated Jeffrey DeJarnette, founder of Tacitly. “We are excited to see what the future in XR training brings.” 

The capital investments made by the Green Mountain Accelerator Fund will facilitate the transformation of innovative, early-stage Vermont-based businesses into thriving companies and drive tech entrepreneurial ecosystem development through the state’s rural areas. GMAF is an “evergreen” $3 million pre-seed investment vehicle capitalized by the U.S. Dept. of Treasury’s State Small Business Credit Initiative (SSBCI) and was created in partnership with the Center on Rural Innovation (CORI) and the Vermont Economic Development Authority (VEDA).

Do you want to submit feedback to the editor?

Send Us An Email!

Related Posts

Wellness Revolution Rutland welcomes women to join the August session

July 17, 2024
Biking program builds health, empowerment, and community  Blue Cross and Blue Shield of Vermont (Blue Cross VT) and Terry Bicycles are welcoming the return of the Wellness Revolution Cycling Program in Rutland for the 2024 season. This free program serves those who identify as women to help them break through barriers that keep them from getting…

‘They threw up a white flag’

July 17, 2024
Saving Evergreen for posterity By Julia Purdy When the Vermont General Assembly approved the bylaws for the then Pine Hill Cemetery in Center Rutland, the bylaws allowed lot owners to hold meetings if warned 15 days ahead. That was in 1860. That right was exercised 164 years later, on May 22, 2024, when 75 current…

Sunnymede Farm Store wins summary judgement

July 17, 2024
By Curt Peterson UPDATE, July 18: The HPC has chosen not to appeal the summary judgment regarding the Sunnymede store. On July 8, the Vermont Superior Court, Environmental Division, issued a summary judgement in favor of Sunnymede Farm’s application to construct a “farm store” on the former Lamb Farm property on Route 5 in Hartland.…

Rutland runway reopens, more upgrades on the way

July 17, 2024
After a seven-week closure, a newly renovated runway at Rutland Southern Vermont Regional Airport (RUT) is now open, the Vermont Agency of Transportation (VTrans) reported, July 3 in a Facebook post.  “The runway has been rehabilitated with fresh pavement and LED runway edge lights, which are already a hit with pilots touching down and taking…