Category: News
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BeerAdvocate Purchased by Untappd, ATL’s Create-X, Visualize Health in NSV, Durham’s Sift Media, Self Financial of Austin, and Theorem on South Pod
Despite its explosion in popularity, craft beer is still a relatively small and tight-knit community. A generation ago when the number of breweries was a fraction of what it is today, the community was even smaller and more tight-knit. But even in those days, obsessive drinkers often fell into one of two camps: BeerAdvocate users and RateBeer…
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ToucanAI Raises Capital, Launches on Shopify Platform, CLT’s Source Technologies, Austin’s Verify, COAST of Tampa Bay, Great Dwellings of DC
Atlanta-based Toucan AI – started by North Carolina natives and Duke grads Arjun Devarajan and Vishnu Menon – has raised an undisclosed sum from MTT Ventures, Silicon Road, Seraph Group and a syndicate of angel investors. Toucan AI said it will use the funds to support its growth on the Shopify App store, an online selling platform that enable…
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Austin’s Digital Turbine Acquires Mobile Posse for $66M, Terminus (ATL), CompostNow (RAL), Enveil (DC), Durham’s Aerie, Fattmerchant on South Pod
Austin-based mobile apps and ads platform company Digital Turbine announced it has scooped up mobile ad platform Mobile Posse for near $66 million. “The strategic rationale for the acquisition is very strong,” Mobile Posse CEO Jon Jackson said in a statement. “We believe that Mobile Posse’s content discovery platform and Digital Turbine’s distribution and relationships combine to…
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Palmetto Clean Pulls in New Financing, AppHarvest of Kentucky, Durham’s Restor3D, ATL’s ARPR, RTP’s TransEnterix, plus Fattmerchant on South Pod
One of Charleston’s most mature startup companies closed another round of funding in early 2020 and marked its 10-year anniversary. Palmetto Clean Technology Inc. is one of the biggest tenants at the upper peninsula’s Pacific Box & Crate development. Last year, it attracted new capital, completed a nationwide expansion of its business and grew its…
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Bala “Mr. B” Inamdar, CEO, Mercury Exchange on South Pod (Recorded at Venture135 in Charlotte)
Mercury Exchange delivers a safe, reliable and fully regulatory compliant digital assets exchange designed to meet the requirements of the institutional marketplace. Founded by some of the original architects of ICE/NYSE, Mercury Exchange has built a proven, sophisticated, and secure digital assets trading platform demanded by institutions, broker-dealers, hedge funds, family offices, banks and global…
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Wild Pitch Deadline Feb 21, Charlotte-based Hylaine Sets Up Shop in Raleigh, Exponential AI (ATL), Carbon Relay (DC), Carolinas Fintech Ventures (CLT), Pattern Bioscience (ATX), Mr. B on South Pod
Another startup wants to call the Oak City home. Hylaine, a technology consulting firm headquartered in Charlotte, announced the opening of its new office in Raleigh. By the end of 2020, it said it expects the Raleigh office to have 15 to 20 employees. “Our motto at Hylaine is ‘solving technology, together.’ So we’re trying…
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DIG NATION | New Member Spotlight: FK Funderburke, VP, Theorem
From whiteboarding new concepts to long-term support, Theorem works with startups and large multi-national enterprises to develop new applications, software, services and platforms. Visit theorem.com to catch a glimpse into how they build, including their processes, team capabilities and what they do in each phase of a project to achieve the best results and deliver Full Stack Innovation™. Meet the…
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DIG NATION Member Theorem Q&A, ATL’s The Beans, Venture X in Raleigh, NSV’s Capital Confirmations, Austin’s Upland Software + new South Pod
From whiteboarding new concepts to long-term support, Theorem works with startups and large multi-national enterprises to develop new applications, software, services and platforms. Visit theorem.com to catch a glimpse into how they build, including their processes, team capabilities and what they do in each phase of a project to achieve the best results and deliver Full Stack Innovation™. Meet the…
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Policygenius Raises $100M to Ramp up Durham, Nola’s Advano, Lienwavers.io from NSV, Peerit of Tampa Bay and ATL’s WeWork Labs
“Join Durham’s fastest growing startup,” reads the billboard along 15-501 in big, bold red font. Ever since Policygenius, an insuretech startup based out of New York, announced plans late last year to expand into the Bull City – ultimately bringing 370 new jobs with an average starting salary of $72,000 — it’s been desperate to get…
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Startup Atlanta Celebrates Winners at Annual Startup Awards
Startup Atlanta, the premier advocate for Atlanta’s vibrant startup ecosystem, recognized the city’s most successful startup entrepreneurs and leaders Thursday night at its third annual Atlanta Startup Awards. The event took place on the historic campus of Clark Atlanta University in front of an audience of more than 100 startup leaders from around the Metro…
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Scribble Toolkit for Innovation, K4Connect (RAL), Solomon + Google for Startups (ATL), Blueprint (NSV), Locale (ATX) + Brian Gillespie on South Pod
The S.C. Department of Commerce invites you to Toolkit Talk, a three-day series of events celebrating innovative leaders as featured on Scribble, South Carolina’s content toolkit for the pursuit of innovation. The events are free to the public, but space is limited. RSVP to the location near you. COLUMBIA: February 4, 5:30pm-7:30pm @ SOCO BullstreetGREENVILLE: February…
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Atlanta’s Fanaticus XR Uses VR and Projection Mapping, Vapor IO in ATX, Sysdig in RAL, Shawn Jenkins in Charleston, CloudWyze in Wilmington, Gillespie on South Pod
Atlanta-based VR company Fanaticus XR is built upon fandom, not just technology. Fanaticus XR’s first experience is the Flying Broom VR Simulator, which co-founder Ernesto Escobar says can transport users “anywhere” at a high degree of immersion. “You can give them powers, make them feel like they’re anyone and can do anything. It’s really creating…
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MyWorkChoice Raises $3M, Vaynerchuk in Charlotte, Ceterus in CHS, Hytch in Nashville, OnPay in ATL
The future is flexible. At least as far as MyWorkChoice sees it. The North Carolina-based startup is working to redefine “flexible staffing” by offering a platform and app that essentially takes care of all the hassle with scheduling to create “seamless shift transitions.” And it’s gaining traction. The company announced that it closed on its first…
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Comcast NBCU Launches Atlanta-Based SportsTech Accelerator, FlashParking, WhyHotel, Florida Funders, SouthPod featuring Comcast VP Horwitz
Comcast NBCU announced the launch of SportsTech, a three-month global accelerator for multi-stage sports technology startups that will be based in Atlanta. The accelerator features what Comcast NBCU calls an “unprecedented partnership” between three of the broadcast giant’s sports brands – NBC Sports, Sky Sports and Golf Channel, as well as NASCAR and a pair…
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Raleigh-based MobileSmith Lands App Partnership with AT&T + AvidXchange (CLT), Sense Photonics (DUR), TOTO/GR PRO (ATL), Blackbaud (CHS)
MobileSmith, a developer of apps aiming to improve healthcare, is getting a chance to grow nationally through a partnership with AT&T. The companies announced they would include MobileSmith’s health platform known as Peri as part of AT&T’s Edge-to-Edge Digital Hospital Solutions. MobileSmith (OTCBB: MOST) says its apps are designed to help better prepare patients for…
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VentureSouth’s Record-Breaking Year + TeleVet (Austin) + eNotaryLog (Tampa), Revibe Connect (RAL), OncoLens (ATL)
VentureSouth announced another year of record-setting investment activity. The South Carolina-based firm invested $12.7 million in 28 Southeastern early-stage companies in 2019, up from $7 million the previous year, representing an 82% increase in capital deployed. The firm also broke a record for new investments, with 10 companies added to the VentureSouth portfolio in 2019…
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S.C. Department of Commerce Office of Innovation to Launch Scribble Event Series
COLUMBIA, S.C. – The South Carolina Department of Commerce’s Office of Innovation announced the launch of the Toolkit Talk series celebrating innovators across S.C. The interactive three-day series, which is part of the Scribble online resource, provides opportunities for idea sharing and collaboration between innovators of all industry sectors and experience levels. The series will…
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Levelset Lands $30M, Arjun Devarajan on SOUTH POD + Tech Jobs (ATL), Sense Photonics (Durham), Shipwell (ATX), Arcadia (DC)
New Orleans Startup Levelset Lands $30M Series C Funding Round to Jumpstart Growth Levelset, a New Orleans-based SaaS platform that helps relieve cash flow issues for contractors by getting them paid more quickly, has announced a $30 million Series C round of funding led by Horizons Ventures. S3 Ventures, Altos Ventures, Operating Venture Capital, as…
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Tech in the South: PlayOn! Sports (ATL) Raises $25M + Ecobot (ASV), Clutch (DUR), Givful (NSV), REIN (Chapel Hill)
???? ATLANTA – Student athletes. PlayOn! Sports, an Atlanta-based company that streams live and on-demand high school sporting events across the U.S., has announced that it has raised $25 million in a Series B funding round led by venture investment firm BIP Capital, with participation from Jeff Vinik, Teall Capital, and Crossover. The company plans to use the capital…
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500 Startups Grad SYNAPSEMX Takes Flight + Aniluxx (RAL), NeuroTronik (DUR), Osano (ATX), Lasso (CHAS)
Who loves flight delays? Nobody, that’s who – including the airline! Aircraft maintenance costs major U.S. airlines billions every year. Every time there’s a maintenance delay (and a lot of grumpy passengers), the airline feels the impact immediately on its bottom line. Currently, most airlines use legacy technology to track and manage maintenance without real-time…
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Terminus Acquires Sigstr, Civic Dinners on South Pod + Tribecan (Wilmington), Cloud Guru (ATX), Record Job (CLT), Octerra (NVL), Microsoft (Morrisville)
Account-based marketing platform Terminus has acquired Sigstr, the email signature marketing platform that turns the billions of 1:1 employee emails sent every year into powerful brand engagements. The addition of Sigstr creates an end-to-end account-centric marketing platform with the most complete account intelligence (based on intent, engagement, and relationship data) available. The acquisition connects two…
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Tech in the South: First Black Woman-founded Startup in TN to Raise $1M + New Story (ATL), LeanDNA (ATX), 2ULaundry (CLT) + Inc Mag rankings
Possip, the edtech platform giving schools the tools to maximize the power of their communities, announced that it has raised $1,020,000 in funding. Investors include the Launch TN Impact Fund and angel investors committed to high-impact companies. The platform uses text-based pulse checks to help families share praise, feedback and information with schools. With this round…
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Tech in the South: ATL’s Alex Gonzalez on South Pod + PrecisionHawk (RAL-DUR) + Good Growth (CHS), Passport (CLT), XSOLIS (NSV), Popspots (Austin)
PrecisionHawk, a Raleigh Trianlge-based drone technology company, has raised a $32 million investment from venture investors including Millennium Technology Value Partners, Third Point Ventures, Eastward Capital Partners, and others. The round brings PrecisionHawk’s financing so far to more than $100 million. PrecisionHawk CEO Michael Chasen said the company has had 100 percent year-over-year growth for…
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Tech in the South: Creative Bootcamp Kinetic Launches (Winston-Salem) + Alex Gonzalez on South Pod, Ecobot (Asheville), Brava (Austin), Makeswift (ATL)
Is it time to turn your creative idea into a business? Winston-Salem-based Center for Creative Economy announced the launch of Kinetic, a bootcamp designed for creatives and artists who are ready to launch a business. Creatives will learn how to: Validate your creative idea Develop a business model Identify who your customers are and start talking to them Build a…
