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black founders exchange

American Underground and Google for Startups Welcome Black Founders Exchange Cohort

Durham, North Carolina’s American Underground, one of the largest tech hubs in the Southeast, will welcome 11 high-potential entrepreneurs to the fourth annual Black Founders Exchange later this month. This program is run in partnership with Google for Startups, which counts AU as one of its global centers. The

Kabbage

Kabbage Acquires Data Intelligence Platform Radius Intelligence

Kabbage, the Atlanta-based digital lending unicorn, has acquired Radius Intelligence, a data intelligence platform that serves small businesses. Though terms of the acquisition were not disclosed, Radius had previously raised about $120 million from investors including Founders Fund, David Sacks, Salesforce Ventures, AME Cloud Ventures and Jared Leto. Kabbage CEO

saltbox

Co-Warehousing Startup Saltbox Lands Village Global-Led Seed to Provide Community for the 'Concrete Class'

Co-warehousing startup Saltbox has closed on about $3 million in seed funding led by Village Global, the early-stage venture fund backed by tech entrepreneurs like Jeff Bezos, Reid Hoffman, Marissa Mayer, and Mark Zuckerberg. MetaProp, Arena Ventures, Kapor Capital, and additional angel investors also back the startup as it prepares

Edtech Startup Possip Takes Both Prizes and $60K at 36|86 Pitch Competition

Edtech Startup Possip Takes Both Prizes and $60K at 36|86 Pitch Competition

After competing against eight startups, edtech company Possip took both the $10,000 crowd favorite award and the main prize of $50,000 at the 36|86 Entrepreneur Festival Pitch Competition last week. The cash prizes were presented by LaunchTN CEO Margaret Dolan. Possip CEO Shani Dowell took the stage

Successful Women Entrepreneurs Launch Female-Focused Angel Network xElle Ventures

Successful Women Entrepreneurs Launch Female-Focused Angel Network xElle Ventures

North Carolina's first female-focused angel investment group officially launched this week. xElle Ventures is a for-women, by-women angel investor network that already counts over 10 women entrepreneurs and executives as backers. Entrepreneur and investor Robbie Hardy is serving as chairman of xElle Ventures. Nearly two decades ago she

algo capital

Atlanta-Based VCs Raise $200M Blockchain Fund

As Atlanta retains and grows its status as a fintech hub, some local investors are looking toward what many say is the next frontier of fintech: blockchain technology. Today, blockchain-focused venture capital firm Algo Capital announced the closing of its first fund at $200 million, double the firm’s original

On-Demand Truck Rental Startup Raises $9.4M Series A Round For National Expansion

On-Demand Truck Rental Startup Raises $9.4M Series A Round For National Expansion

On-demand truck rental company Bungii has closed an oversubscribed Series A round led by co-investment fund KCRise Fund. The funding will be used for the platform's "aggressive national expansion," according to CEO Ben Jackson. "It’s early, but we are seeing very positive KPIs from