Friday Fund Day: What Southeast Startups Made Headlines This Week
Another week...another round of headlines from the Southeast startup scene. Let's dive in:
Funding News
* Rewest, a Tampa, FL-based provider of an automation platform for managed service providers, raised $45M in funding from Sapphire Ventures, with participation from existing investors Meritech Capital and OpenView. Details here.
Levitate, the Raleigh, North Carolina-based software platform raised a $15 million Series D funding round. Press release here.
Glass Half Full, a Louisiana-based glass recycling company, raised $6.5 million to grow its facilities, according to New Orleans City Business. Hypepotamus covered the New Orleans-based startup as it was growing in 2022.
Chattanooga's Brickyard is investing in CrowdVolt, a secondary ticket exchange system. Techcrunch has the details.
Charlotte-based Addtronics acquired Colanar, a German provider of aseptic fill and finish automation systems for the pharma industry.
Florida-based blockchain startup Raad Labs raised $2.25 million for its climate-focused platform. More details here.
In Other News
- Lumos Technologies, a small business data analytics company with a focus on small business credit risk, announced that Live Oak Bank is implementing Lumos Prime+ to fuel Live Oak Express. Hypepotamus recently wrote about Lumos's team and its growth in Wilmington, North Carolina.
- Atlanta-based NCR Voyix announced it has made a deal to sell its digital banking business to a New York-based investment firm for about $2.45 billion in cash.
