June is apparently a very busy time for our companies, so much so that we need two updates this month to cover the news already this month.
Proterra: Undermining the narrative that South Carolina companies never raise venture capital, Proterra announced its latest $55 million financing (in which VentureSouth members again participated – thanks pro rata rights!) (Forbes, WSJ.) Wonder what proportion of those that are “still in” will be buying electric buses or just creating their own hot air?
ActivEd: several big achievements, from a rollout across all Cherokee County Schools to a state-level budget proviso to fund Walkabouts in 250 more classrooms in South Carolina – taking ActivEd into over 50% of schools in the state. This is why this is important.
OB Medical: LaborView is now available in Australia and New Zealand thanks to a distribution partnership with LSR Healthcare. (It had also announced integration with Philips’ legacy monitoring systems back in April.)