Story of the Day
Research Triangle Park, NC – Triangle Tweener Fund announces 16 Q3 investments representing over $700,000 invested in the quarter. “Our strategy of building an index of Triangle-based early startups is working very effectively and by this time next year we should cover over half the Triangle Tweeners,” said Scot Wingo, Tweener Fund General Partner. This brings the total to 38 portfolio companies and over $2m invested since the fund launched Jan 1, 2022. View the companies.
Tech in the South News
Spartanburg, SC — Multi-Million Dollar Data Center Opening Marks Official Start of Digital Asset Industry in SC. State Treasurer Curtis Loftis and Congressman William Timmons joined local leaders at a Ribbon Cutting for BV Power Alpha’s new, multi-million dollar data center in southern Spartanburg County. BV’s plans for the new facility include creating dozens of high paying jobs over time in rural Spartanburg and millions in economic benefit for the community. Get the deets.
Atlanta, GA – Southeast startups rally to help in the aftermath of Hurricane Ian. The future of emergency preparedness is ultra personalized according to Florida entrepreneur Joe Russo whose startup Emergency Ventures kicked its launch into hyperdrive in order to help Floridians in the wake of Hurricane Ian, which made landfall as a category 4 storm in southwest Florida. As a web app, Emergency provides situational awareness before, during, and after an emergency situation in a community. Read more. (Maija Ehlinger, Hypepotamus)
Raleigh, NC – Venture capital deals are slowing due to economic pressures, report says. Startups are making fewer deals, “exits” are down and a recent surge in fundraising by venture firms has slowed drastically, says a new report from PitchBook. “Deal activity across all stages is showing more signs of distress, recording the third consecutive decline in completed deals,” PitchBook, which tracks the venture capital industry, notes in new data released today. “Estimated deal count in Q3 (4,074) is off by almost 20% from the quarterly record high recorded in Q1 (5,049) and is the lowest count seen in any quarter since Q4 2020 (3,364).” Get the stats. (WRAL TechWire.)
Tech Happenings
Charleston, SC – South Carolina Bitcoin Blockchain Conference Underway. The conference, sponsored by the S.C. Emerging Technology Association (SCETA) based in Charleston, recently gained support from state lawmakers who authorized SC State Treasurer Curtis Loftis to spend $500,000 to study digital currency literacy. Attend.
Columbia, SC – Rub elbows with 500 entrepreneurs from the Southeast at Growth Summit. Taking place October 20-21 at 701 Whaley in Columbia, SC, this year’s Summit will feature over 30 speakers and 30+ sessions uniquely designed for the entrepreneur. There will be content for any entrepreneur at any stage of business development. Learn from successful founders and entrepreneurs like John Hill, Evangelist at Techstars, Chris Heivly, Founder of Mapquest and Managing Director at Build The Fort, Patrick Bryant, CoFounder and CEO of CODE/+/TRUST. Register here.
Charlotte, NC – Applications are now open for Venture135 – one of the largest Fintech & Insurtech conferences in the U.S. with more than 150 venture firms in attendance. Venture135 is looking for Fintech & Insurtech startups from seed stage to series A & B. Companies can be based anywhere in the world, but must be able to present in person on November 15 and 16. There are no fees to apply and all presenting companies will receive a complimentary ticket to the event. Applications close on October 3. Apply here. Attend Venture135 online or in-person, November 15-16, 2022. Register here.
Atlanta, GA – Venture Atlanta announces 2022 selected companies who will pitch October 19-20. With a record-breaking 480 applications submitted, this was the event’s most competitive year yet, including growth in female founders, diverse founders, and companies from across the entire Southeast. Investors are invited to check out this year’s lineup and register here.
Raleigh, NC – Registration is open for the 8th annual R!oT Demo Night held during the All Things Open (ATO) Conference at the Raleigh Convention on November 1. See more than 50 IoT and technology demos and help select the most promising IoT startup from the past 4 RIoT Accelerator Program (RAP) cohorts! The event includes emerging technology demos showcasing the latest applications of drone, AR/VR, digital twin, metaverse, and analytics technologies and beyond – plus a large exhibition and networking party. Register here.
Wilmington, NC – NEW hosts, “Investors are looking for three things in your startup before taking a meeting,” on Oct. 13. Speakers include Gregg Bordes, Front Porch Capital (Raleigh-Durham), John Espey, Defiance Ventures (Charlotte) and Stephen Vafier, Founder & Portfolio Manager at Storri Labs, Principal at NextEquity Partners. Register here.
