Companies
The pandemic has hit small businesses especially hard. But this UNC-Chapel Hill professor is determined to change that. Enter Brij, a centralized online platform where consumers can support their favorite local shops and restaurants. “Small businesses are extremely critical to the infrastructure of our local communities, and we need to
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MuukLabs is getting ready to scale. Less than a year after graduating from Techstars Kansas City Accelerator, the Raleigh startup has landed $750,000 from a convertible note for its no-code test automation platform powered by artificial intelligence. NY-based Contour Venture Partners led the round. “As an immigrant from Mexico,
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Two years after launching, this North Carolina startup has quadrupled revenue and hit 2,000 paying customers. Meet Real Magic, the Raleigh-based software company founded by serial entrepreneur and Triangle startup scene fixture, Jesse Lipson. This week, the four-time 43-year-old founder confirmed that Real Magic has landed another $8 million.
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Even during a pandemic, the deals keep flowing for VentureSouth. The angel investment group, headquartered in Greenville, S.C., invested roughly $9.2 million in 26 early-stage companies in 2020. That's down from $12.7 million in 28 companies in 2019, a "record-setting" year. Over 60%
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ProcessMaker isn’t an overnight success story. But after 20 years of bootstrapping and numerous iterations, the Durham-based company is finally claiming a large stake for itself in the automation market. This week, it confirmed that it has raised a whopping $45 million in Series A funding from Virginia-based growth
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The pandemic has accelerated a shift to digital healthcare, and this Durham startup is reaping the rewards. Pattern Health, a Durham-based mobile health startup that offers software to track patients’ progress and medication adherence, says it’s raised $1.5 million in new funding to scale operations as demand spikes
B2C
North Carolina-based entrepreneur Ashlyn Sanders says she wrote NBA legend Charles Barkley “on a hunch.” She’d just seen him appear as a guest on ABC’s Season 10 of “Shark Tank,” and she wanted to tell him about her MedTech startup. Much to her surprise, he replied back. “I
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Back in 2010, Proterra was on the brink of financial ruin. The electric vehicle (EV) technology company was running out of money as it waited for $8 million from its main source of funding, MK Energy and Infrastructure of Stamford, Conn. “At a couple of different points, we were within
Companies
A women-led cleantech startup is getting ready to pilot its “game-changing” water purification technology after landing $700,000 in funding. NALA Systems, headquartered in Durham, North Carolina, says it has developed new reverse-osmosis membranes that could cut the cost of water desalination by up to 40%. This week, the startup
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AvidXchange is expanding its footprint yet again. The Charlotte-based fintech software provider has acquired Core Associates, an accounts payable (AP) firm based out of Jupiter, Florida. The company is the maker of TimberScan, a complementary AP solution estimated to have 30,000 users. With this acquisition, AvidXchange said it becomes
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North Carolina is becoming a top relocation spot for techies fleeing big metros in the wake of the coronavirus pandemic. Just ask Jason Caplain, partner at Bull City Ventures. In over two decades working as a venture capitalist in the Triangle, he says he’s never seen such a flood
Companies
The coronavirus pandemic is driving many households to the brink. But there’s one group that is bearing the brunt: women. A recent survey from Durham’s InHerSight revealed that 68% of women have considered quitting their jobs to take care of their children. That percentage is even higher, 74%