Friday Fund Day: Startup News From The Southeast For The Week Of May 26, 2025
Following the long Memorial Day weekend, these are the startup headlines you need to know from across the Southeast:
Following the long Memorial Day weekend, these are the startup headlines you need to know from across the Southeast:
Accelerator News
* Nashville's Caduceus LAUNCH announced the selection of six digital health startups to participate in the accelerator program’s spring cohort. The program received nearly 100 applications for the program. Learn about the accepted startup's here.
Asheville's Optimist Ventures announced the startups and companies selected for its inaugural cohort. The 12-week program will launch on June 23. Meet the selected companies here.
Bob Irvin announced he is stepping down as the Executive Director of the Charlotte-based CleanTech accelerator. More details here.
Friday “Fund” Day News
* Atlanta-based Terminus Capital Partners announced it closed its inaugural, oversubscribed $250 million fund
.- Atlanta-based Ditto announced it was acquiring SuperOrbital, a consulting firm specializing in Kubernetes and cloud-native engineering.
The Rounds, the household delivery service with strong ties to Atlanta, announced it was acquired by Misfits Market. More details on Techcrunch.
Gulf Shore Angels invested in New Orleans-based drug firm Rampart Pharma
Peachtree Corners, Georgia-based Walaris, an advanced sensor processing startup, raised $4.6 million in seed funding, according to Crunchbase.
Birmingham, Alabama-based Sum Hydration, raised a $336k venture round plus a debt round, according to Crunchbase.
Atlanta-based machining startup Toolpath announced it closed another round of outside funding from industry leaders. More here.
Innovate Alabama has awarded more than $3.3 million in supplemental funding to 20 Alabama-based emerging technology businesses (six are in the Birmingham area) through its Innovate Alabama Supplemental Grant Program.
In Other News
* Atlanta-based Hermeus reported its Quarterhorse Mk 1, an unmanned aircraft, successfully flew for the first time, a key milestone on the startup’s path to developing high-Mach and hypersonic aircraft. Details here.
- Atlanta-based cybersecurity company OneTrust has named Digvijay Lamba as the company's new Chief Technology Officer.
* Momocon, the "Geek culture convention" wrapped up over the week in Atlanta, bringing 59,222 unique visitors to the city.
