Each month we convey some of the achievements of some of our portfolio companies. There is plenty of good news already this month, so here is an early October portfolio update.
Avadim: Announced its plans for a $25 million investment to create 500 jobs in a new HQ in Western North Carolina. This helps to explain why early stage companies create all net new jobs.
Atlas Organics: delivered the goods - in the form of 20 tons of organic compost. Much more to come.
Pharmright: Announced a partnership with Med One to help finance purchases of the new Livi, and became a finalist in Med City News' patient engagement competition.
Target PharmaSolutions announced very exciting news about its first disease state communities and first industry partnerships.
And Baebies received unanimous approval from the FDA panel for its SEEKER screening.
Some really impressive milestones in several different areas. And on a lighter note, Growjourney helped Paul boast impressive rows of broccoli, kale, lettuce, chard, and bok choy in his vegetable garden for the first time. Baby kale pairs well with (VentureSouth sponsor) RJ Rockers' Bellringer. Who knew?