Vendor Registry

Portfolio news - Early June 2017

There is no quiet winding down for summer at VentureSouth - with two diligence teams working hard, multiple investments closing, and strategic planning for improvements to our processes in the fall.

There is even less of a decrescendo at our portfolio companies. Here are the most recent updates:

Pharmright: new customers flooding in during May, including new pharmacy customers like The Medicine Shoppe in South Dakota and PharmNet in Mississippi.  Vote for them in the AARP Innovation Challenge here.

Avadim: continuing its partnership expansion, Avadim announced its partnership with Briggs Healthcare and with GPA.

Vendor Registry: added Dorchester County to its portfolio of governments in SC, joining Florence County, North Charleston, City of Spartanburg, and many others.

Atlas Organics: launched its consumer food waste collection business, Compost House. See this introduction from Greenville Online.

Proterra: World's most amazing bus company Proterra added a new chief legal officer and a new CFO.

And Kwipped's new equipment leasing program continues to add partners, like Balboa Capital today.

 

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.

Vendor Registry: new VentureSouth investment raises $1.8 million

We are very pleased to contribute to Vendor Registry's seed round. Announced today, the $1.8 million financing is to continue its rapid expansion, to let more local governments obtain services more efficiently from vendors.

Angel groups frequently invest in partnership with other groups. In this case, we are delighted to be working alongside both southeastern partners (like the Chattanooga Renaissance Fund and Lighthouse Ventures) and new partners from further afield (Allos Ventures). And of course alongside Chris Van Beke and his talented team, who are already helping local government agencies do more with less.

You can learn more about the company from this profile in GovTech magazine.

Good luck to Vendor Registry.

Portfolio news - January 2017

January began with a bang with Proterra's financing, and they continued to dominate headlines - with stories of big order wins like this one for 73 buses.

January has been an exciting time for other VentureSouth portfolio companies as well. Here are a few others that have made the news.

ActivEd: Kinesthetic learning edtech company ActivEd is going to be used in all the elementary schools in Greenville County. Greenville County is the largest school district in SC (and the 44th largest in the US) with over 50 elementary schools, so this is a big win.

Pharmright: Charleston-based Pharmright raised additional capital to accelerate the commercialization of Livi. Our groups participated - led by VentureSouth Charleston.

Vendor Registry: New portfolio company Vendor Registry impressed us - and impressed the Murfreesboro, TN purchasing department.

Booster: Crowdr became Booster, and moved from desktop to mobile. You can now live-stream your event from your phone or tablet, and simultaneously raise money for it. Download the app here.

Plum Print: And Plum Print inadvertently troubleshot inauguration logistics...

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"!