TECH IN THE SOUTH
NASHVILLE – Crypto new ways. When Alto closed its $2.8 million seed round in early 2019, the team was on a mission to make alternative investment opportunities accessible to more people. Now, the Nashville-based team raised a $17 million Series A funding round this week, led by Menlo Park-based Unusual Ventures. Read more.
RALEIGH – Engaged admission. Element451, previously backed by Cary’s Cofounders Capital to the tune of $1 million, closed a Series A funding round of $3 million, and Cofounders Capital again participated, as the company seeks to scale adoption of its software platform that facilitates student engagement during an admission process. Tech it out.
ATLANTA – New digs. From a restaurant’s point of view, handling payments can take focus away from providing the best food and the best customer experience. The team behind sundayapp is looking to streamline both sides of this restaurant payment process. After a successful start in Europe, they’ve picked Atlanta as their US home. Keep reading.
AUSTIN – Distribution distribution distribution. “Distribution is the queen who wears the pants,” serial entrepreneur John Resig said. And that’s the spending focus of the $25 million in fresh capital their latest venture, Atmosphere, closed last week, he said in an interview. Get the deets.
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DIG NATION MEMBER ROUNDUP
President Biden Visits Greenville Company
SC Launch Inc Portfolio Company Proterra, was visited by President Biden for a virtual tour. The company, located in Greenville, SC is an Electric Battery Facility. SC Launch Inc. is an independent nonprofit 501(c)(3) corporation affiliated with SCRA and the SC Launch program to make seed investments which anticipate financial returns. These investments are normally in the form of equity, loans, and convertible loans. here.
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