County: Monongalia
Jobs Created: 5
Jobs Retained: 10
CHARLESTON, WV – Growmentum offers a platform for commercial greenhouses and nurseries that uses dashboards, insights, and reports to help growers reduce costs and increase efficiency. Their technology includes features such as task management, labor forecasting, and integration with other internal business systems.
The company plans to establish a location in Morgantown, West Virginia to develop the sales and marketing team and continue building out their software. With WVCAP funding, the company is gaining momentum towards successful commercialization.
WVCAP provides West Virginia small businesses with debt or equity capital to expand and create jobs. WVCAP is designed to assist credit-worthy companies that may not fit traditional lending models. WVCAP is administered by WVJIT.
For more information or to apply for funds, contact the West Virginia Jobs Investment Trust at wvjit.wv.gov/wvcap.
About the West Virginia Jobs Investment Trust
West Virginia Jobs Investment Trust (WVJIT) is a public venture capital fund created to develop, promote and expand West Virginia’s economy by making investment funds available to eligible businesses, thus stimulating economic growth and providing or retaining jobs within the State. WVJIT invests in early-stage, later-stage and mature small companies that wish to expand. Opportunities to create a significant number of jobs while maintaining economic balance are favorably viewed.