Brightfield

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 - Wrapping up 2017

2017 was a very productive year for VentureSouth portfolio companies. We are proud of their progress and achievements, so wanted to pass along a few additional awards, links, self-promotion, and recognition of them.

Bring on 2018!

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 - May 2017

The spring continues to be productive for VentureSouth's portfolio companies. Here is a recap of recent progress on marketing and product development

Plum Print: received nationwide exposure in the Washington Post (subsequently re-circulated through the Rockies in the Denver Post to the Pacific in the Bend Bulletin!) - and was Sarah Michelle Gellar's top pick for Mothers Day. You can see their elevator pitch on MSNBC and on Hulu.

Kwipped: announced the launch of its equipment leasing program. If you would like to rent-to-own equipment, Kwipped now helps you find the equipment AND find ways to finance it. Learn more from Robert on the SE Tech Podcast from this month.

Avadim: announced another partnership, this time with Ocean X for a direct to consumer subscription channel.

Proterra: it wouldn't be a monthly update without something on Proterra. This month we have a new cold weather package and diagnostics kits and a test of the bus in Greenville. Not cool enough? How about (semi) autonomous buses?

Building up products, teams, and revenues are (of course) crucial for growth. But we are always mindful of exit preparation, and so are pleased to see when portfolio companies add to their patent suite - making themselves more attractive to potential strategic buyers.

Congratulations therefore to Zipit (here - receiving its 10th patent),  KIYATEC (here), Pharmright (here), and Brightfield (here) on expanding their patent portfolios in the last few weeks.

Portfolio news - February 2017

Since the last set of portfolio news in January, VentureSouth investment companies have achieved recognition in many areas. In addition to Baebies' FDA approval, here are other examples:

Zipit Wireless: named in Gartner's Market Guide for Clinical Communication & Collaboration report.

Brightfield: profiled by UNC TV as part of their program about Asheville's Collider.

Several others added to their already impressive teams:

Kwipped: hired a CTO, Wellington Souza (and continued receiving positive press in trade magazines like For Construction Pros and Lab Manager, and local newspapers).

Avadim: hired a new chief medical officer, Dr Joseph Renzulli, and their newest board member, Humberto Antunes, won a Lifetime Achievement Award at the South Beach Symposium.

Others still announced sales growth and other partnerships, like:

Vendor Registry: is now being used by Myrtle Beach's procurement division.

TipHive: agreed a new partnership with a large Papa Johns franchisor, to help information sharing within the franchise network, and was featured in the MMM SE Tech Podcast series - to which you should subscribe.

And the final award of the night goes to Emrgy, voted the best startup in Georgia (1-10 employees) by the Atlanta Business Chronicle.

Asheville Angels leads investment in Brightfield Transportation

Asheville Angels reached a milestone this month, executing its 10th investment. Local company Brightfield Transportation is helping to power the EV revolution by allowing us to drive on sunshine.

You can read the press release here and more coverage on Venture Asheville's twitter feed - which you need to follow - and courtesy of the Asheville Citizen-Times.