One of the most satisfying parts of angel investing is being able to celebrate the successes of our portfolio companies - particularly those that exemplify our motto of "make money, have fun, do good."
Today, Baebies announced the final closing of its $13 million fundraising. SCAN groups from Asheville to Columbia were proud to be involved, in partnership with some of the best early stage investors across the south east. CEO Rich West and his team have already sold one company for $96 million. Make money? Check. And now the have taken the same technology to provide newborn baby screening to help identify children with rare diseases. Do good? Check.
Earlier in the week, the first investment of our Asheville Angels group, Plum Print, was featured in the Asheville Citizen-Times. Since we invested, the company has gone from strength to strength, providing parents with unique records of their children's creativity. Have fun? Check.
We look forward to watching both, and our 38 other investments, continue with their great momentum.