Friday “Fund” Day: Who Raised What….And Who Built What…This Week In The Startup South
This week saw funding rounds, acquisition news, and big new hires at one of Atlanta's largest PE firms.
So here's what happened the week of July 15th, 2024:
The Big News
- 6 out of 10 of the startups selected for the next Techstars Atlanta cohort are actually Atlanta-based startups. See the list of startups here.
Funding News
- Wilmington-based Lumos, a FinTech and data company focused on improving efficiency around small dollar lending, announced it raised $2 million in external funding to fuel its growth. More on in our recent Hypepotamus profile on Lumos here.
M&A News
- San Francisco-based AI/ML development platform Brev.Dev announced its acquisition by GPU giant NVIDIA. Brev is part of Chattanooga-based Brickyards first fund.
- Trevelino/Keller, an A, Atlanta-based public relations firm bought Atlanta-based business-to-business marketing firm Marsden Marketing. Financial terms of the deal were not disclosed. Press release here.
In Other News...
- Atlanta-based Metzev, which started at the campus of Georgia Tech, officially launched its second-life battery marketplace. Read about how the startup is looking to change the EV battery market space here.
- Fulcrum Equity Partners, a growth equity firm based in Atlanta, is thrilled to announce the addition of Junior Gaspard as a Principal. Press release here.
