Baebies

VentureSouth portfolio news - Spring 2018

The VentureSouth portfolio continues to blossom in the spring of 2018. Here are a few highlights from the last few weeks.

Zipit - announced that it has joined Amazon Web Services' partner network.

Atlas Organics - continues to grow in Chattanooga, this time on commercial food waste collection with EPB. They received the James B. Thompson Small Business of the Year Award for their growth and innovation in Spartanburg, and were featured by GVL Today* for an article informing readers how to compost in Greenville. 

*GVL Today is a product of 6AM City, another VentureSouth portfolio company. You should definitely be on their list...

Baebies - March's BaebieTalk newsletter tackled Pompe and raises awareness of Fabry Awareness Month, and the May letter covered more on baby diagnostic issues.

Reveal Mobile - Brian Handly, CEO of 2017 investment Reveal Mobile, has a regular feature in Forbes. Last month's covered how mobile data helps measure retail foot traffic.

Emrgy - its hydropower design and frictionless magnetic gearbox was featured in Clean Technica and CEO Emily Morris was interviewed by Renewable Energy Magazine

TiO Home - informative and detailed feature in Florida Today

Avadim - announced that its patent applications have been allowed in the U.S. and Japan relating to a method for reducing the incidence of catheter-associated urinary tract infections

Kwipped - launched a new version of their website to simplify their users' experience. CEO Robert Preville sat for an interview with PYMNTS for their latest "Topic TBD" podcast. They pitched at the Silicon Valley Open Doors Tech Conference at the end of May, Robert was interviewed by Business North Carolina to discuss their participation there, and they were featured on WECT news regarding the Silicon Valley conference.

KIYATEC - expanded its leadership team with the appointments of Vice Presidents of Clinical Affairs and Commercial Operations

Brightfield Transportation - Tuck Social Venture Fund (TSVF), a student-led impact investing fund at Dartmouth, has invested in Brightfield

 

VentureSouth portfolio news - January and early February 2018

2018 has started at a blistering pace. We were delighted to start the year with a good exit at FarmShots, but our portfolio companies continue to develop quickly. Updates include:

Portfolio news - November 2017

With a portfolio of 40 active companies, it can be hard to keep track of all their achievements. Our team of intrepid news searching scripts this month bring you:

Baebies: Completed its $10 million Series B raise, helped by a large strategic investment from BOE Technology Group.

Kwipped: Announced the completion of a further round of growth financing. We are pleased to be participating again, alongside the Wolfpack Investment Network.

Proterra:  In addition to providing the keynote content at the VentureSouth Summit, Proterra is sending buses to San Jose airport and Greensboro NC, and showing them off in Iowa, California and Shreveport. They're driving a market continuing to grow at 28% / year; Vox's recent industry review is a great primer.

Brightfield was featured in Motor Week for establishing more than 100 solar/EV charging stations across NC.

Reveal Mobile remains a "top 10 startup to watch." Learn more from Brian Handly in Forbes too.

And Target Pharma shared more of its plans for the rest of the year with the Triangle Business Journal.

Portfolio news - October 2017

In what is rapidly becoming the Proterra and Avadim show, below are links to some of the newsworthy items for late September and October.

Proterra: after several years and much effort, here come the first two Proterra buses in Greenville. And these are now officially world-record-breaking buses; take a seat Tesla.  And Proterra also announced partnerships with LG Chem, purchases by Van Hool, and more.

Avadim: Avadim announced a partnership with another market leader - this time Cardinal Health, to provide Avadim's line of topical bionome therapies. But not everything goes according to plan...

TiO Home announced a partnership with On Top Of The World Communities - a 3-year, 1,200-home program beginning in January.

Kwipped was featured in Total Station Markets, Chemistry World, MSN Lifestyle, the Journal Of Clinical Research Best Practices, and Irish Tech News - quite a selection. It also passed $75MM in listed assets.

Target Pharma: announced the extension of its partnerships with Bristol-Myers Squibb and Intercept, and a new partnership with Boehringer Ingelheim.

And Baebies announced a global distribution partnership for SEEKER with Trivitron's Labsystems Diagnostics.

Portfolio news - Summer 2017

More milestones, awards, and good publicity over the last few weeks for the entrepreneurs working hard over the summer.

Emrgy: Emrgy's installation of a turbine in a canal for Denver Water generated plenty of local press and coverage in trade publications. You can even enjoy live footage from several news outlets.

Kwipped:

ActivEd: SCRA announced additional funding for ActivEd through SC Launch.

UVision: Enjoy Allison London-Brown's presentation of UVision and its Luminelle hysteroscope at CED's Life Science Conference earlier this summer.

Atlas Organics: After success with its residential collection program Compost House in Greenville, Atlas Organics is beginning its efforts in Chattanooga.

Baebies: Received a CE mark in Europe for SEEKER, which is great news, and announced new assays for FINDER. They also inked a new deal with Trivitron's Labsystems Diagnostics to deliver a wider range of newborn screening solutions.

Zipit: Wins a 2017 IoT Security Excellence Award from IoT Evolution magazine.

Proterra: Read about Greenville's grant application to have Proterra buses on Upstate streets.

Avadim: Announced the showcasing of PHUEL at the National Athletic Trainers' Association Clinical Symposia & AT Expo at the end of June in Houston.

Baebies receives FDA approval

Congratulations to Baebies for announcing it received clearance from the FDA for its SEEKER platform - the first Lysosomal Storage Disease newborn screening platform.

Following a panel review recommendation last August that unanimously supported approval, the FDA announced its clearance last week.

As Seeking Alpha put it: Who Loves Ya, Baebies?

This is a great milestone for Baebies, in which VentureSouth members invested in 2014 and last year, and another underline of the "Do Good" part of our motto - "Make Money. Have Fun. Do Good."

More portfolio news - October 2016

October has been a busy month, especially for the medical companies in our portfolio. Here are their further highlights.

Pharmright: Reached passed important milestones - production coming from its Maine manufacturing facility and product being shipped to customers. Many congratulations.

OB Medical: After announcing the LaborView at the AHWONN conference in June, maternal-fetal monitoring device manufacturer OB Medical began supplying their device to delivery rooms across the US. Congratulations to them too!

Avadim: Triple good news for our Asheville portfolio company, Avadim, which announced a partnership with the National Wrestling Coaches Association to prevent skin infections in wrestlers, enjoyed coverage for its continuing record revenue growth, and announced its roll-out of consumer products when Theraworx Relief hits the shelves next year.

And not strictly "portfolio news," these two articles are interesting insights into two portfolio companies:

  • This profile of Baebies' co-founder and president Vamsee Pamula explains his background and reveals much about what makes a stellar entrepreneur.
  • This article by Arjun Sethi explains at length why the "hive" is a great communications platform - and shows why we are excited to support TipHive.

Portfolio news - October 2016

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?

Portfolio news - August 2016

Many people may have been at the beach in South Carolina in August, but the VentureSouth portfolio companies continued to make waves.

First some product launches:

Servosity: Released its new generation disaster recovery platform

Pharmright: Reached a key milestone with the successful registration of Livi with the FDA. This should pave the way for sales in the fall, and will help start making prescription drug regimens easier to follow.

Baebies: Exhibited its novel FINDER platform at the AACC Annual Scientific Meeting and Clinical Lab Expo.

And secondly some well-deserved recognition:

We're proud to have not one, but two, portfolio companies nominated for 2016's Innovision Awards! - Atlas Organics and Crowdr TV. Impressive competition, but these are high caliber entries.

Avadim: named to the Inc 500's list of fastest growing companies: #234, with three-year sales growth of 1,675%!

More portfolio news - June 2016

It was a busy month for our portfolio companies. As well as the opening of the Atlas Organics facility and our new investment (Asheville Angels' 10th) in Brightfield Transportation, our portfolio companies have been reaching milestones and making headlines:

OB Medical: Fetal heart monitoring device manufacturer announces its product launch after a successful trip to the Association of Women’s Health and Neonatal Nurses convention. A huge milestone towards to improving the experience of mothers during delivery - a subject close to our hearts.

Baebies: CEO Rich West was recognized as the 2016 Life Sciences CEO of the Year by the Triangle Business Journal. He is one of many very talented leaders in our portfolio. Baebies also added stellar board members, including the former Chairman and CEO of Medtronic.

KIYATEC: Announced a partnership with the Mayo Clinic to combine their complementary technology platforms for ovarian cancer clinical care.

ActivEd: At the ISTE 2016 conference in Denver, ActivEd founder Dr. Julian Reed presented his research on the impact of moving on cognition, as the company was showcased across the conference.

Plum Print: Went to the White House!

 

Portfolio news - May 2016

Several VentureSouth portfolio companies have had positive announcements and press recently, so quickly wanted to share our congratulations on their continued hard work and success.

KIYATEC: Announced their Scientific Advisory Board, adding more world class talent to an already stellar team.

Proterra: Continue to sell their electric buses - this time 25 at once, to SEPTA in Philadelphia. Would be nice to have a few more of these on the roads in South Carolina!

Baebies: Publicly announced the launch of its near birth newborn testing platform, FINDER.

Zipit: Agreed a partnership with Iron Bow Technology to serve federal agencies more efficiently.

World-leading technologies, cutting-edge science, and real sales - all from tech startups in the Carolinas. Keep it up!