Companies
Shortly before the Great Recession wiped out billions in assets, veteran entrepreneur and self-described “mortgage geek” Tom Pearce was managing the assets of commercial paper facilities for Vertical Capital, LLC when he received word that storied global financial services firm Lehman Brothers had collapsed. “When Lehman went down, the commercial
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New Orleans-based rechargeable battery technology company Advano has announced its official exit from stealth mode with an $18.5 million Series A funding round. Japanese manufacturing giant Mitsui Kinzoku’s SBI Material Innovation Fund co-led the round, along with PeopleFund and Nest co-founder and iPod inventor Tony Fadell's
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The Idea Village, a New Orleans-based entrepreneurial nonprofit dedicated to help emerging tech companies grow and succeed, recently announced the selection of 12 local startups to its 2020 VILLAGEx (formerly known as IDEAx) accelerator cohort. The nonprofit also announced that five additional startups focusing on energy, coastal construction and water
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After successful rollouts in Miami and Durham, North Carolina, WeWork Labs has launched its first Atlanta location downtown today at 101 Marietta Street. Serial entrepreneur and Goodie Nation founder Joey Womack will manage programming for the space. Since its launch in 2018, WeWork Labs has functioned as WeWork’s global
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Charlotte-based fintech unicorn AvidXchange has announced it has raised $260 million in equity capital as part of the company's latest financing round. TPG Sixth Street Partners, an AvidXchange investor since 2015, led participation in the round. When the company announced the round’s launch in December 2019, Reuters
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Hytch has announced the launch of the nation’s largest carbon offset program for commuters. The program is free to any commuter who wants to reduce their carbon footprint. The Nashville-based platform records customers' shared usage of transportation routes, including rides that don’t involve cars, then pays for
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Atlanta-based payroll service provider OnPay has announced the completion of a $6 million Series A funding round from a coterie of individual private investors, exceeding its $5 million goal. OnPay will use the investment to grow its team, expand marketing efforts, develop products, and enhance the company’s customer experience.
Companies
Despite the long lines and large crowds, people usually think of fun when they think of festivals. That changed for Aly Hussaini when he caught a glimpse of the hard work behind the revelry as he watched his sister struggle with the challenges that come with running big events. “She
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Comcast NBCUniversal has 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 NBCUniversal calls an “unprecedented partnership” between three of the broadcast giant’s sports brands – NBC Sports, Sky Sports and Golf Channel, as
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Six months after exiting stealth mode with a $26 million Series A funding round, Sense Photonics, a Durham-based company dedicated to providing flash light detection and ranging (LiDAR) technology for self-driving cars, has announced its official entry into the automotive market with the first modular flash LiDAR unit for advanced
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OncoLens, an Atlanta-based SaaS platform dedicated to streamlining the planning of cancer treatment, has announced the closing of a $2.5M pre-Series A funding round led by BIP Capital. Atlanta Technology Angels and the Robbins Fund also participated in the round; all three had previously invested in OncoLens’ seed round
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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 well as Michael Gollner and Darren Bechtel of