OB Medical

Portfolio news - June 2017

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.

Pharmright: Livi is working hard - and is already improving the lives of caregivers and early adopters. You can enjoy The Medicine Shoppe's commercial here.

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.)

Kwipped: Officially announced the additional investment from The Angel Roundtable. Pleased to be working with Tony and the rest of the TAR team.

Servosity: And finally here's Damien Stevens' "Entrepreneur Minute" from a couple of weeks ago.

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 - September 2016

New financings, new products, new clinical trials, and increasing recognition for our portfolio companies this month.

OB Medical: our syndication partner New World Angels publicly announced its participation in OB Medical's third financing round. VentureSouth invested again too, for the third time.

Avadim: announced the results of its use trials in student athletes.

Proterra: continues its success with its remarkable Catalyst E2 electric bus.

Vendor Registry: recent investment Vendor Registry is already recognized as critical for local government procurement processes. It was ranked #4 of the top 50 companies in the Engaging Local Government Leaders (ELGL) Choice Awards, with some great testimonials.

Pharmright: "may help curtail medication confusion". Alternatively, "may revolutionize medication adherence and help save hundreds of lives"!

 

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!