September was a very busy month for VentureSouth. We made a lot of exciting announcements!
VentureSouth News
VentureSouth is excited to announce their newest market, VentureSouth Triangle, in The Research Triangle area of North Carolina. VentureSouth has invested in 15 companies in the region and the group already includes many investors who live or work in the Triangle. Responding to requests from those participants to meet in person regularly, VentureSouth is formally launching the Triangle market– its 15th local investor group.
VentureSouth is excited to announce that it has launched RollingSouth, a Rolling Fund powered by AngelList and VentureSouth. RollingSouth is the first “rolling fund” – an innovative subscription investment fund created by AngelList – affiliated with VentureSouth. The fund will invest alongside VentureSouth in early-stage technology companies in the Southeast. Unlike traditional angel funds, RollingSouth is being raised publicly. Anyone, not just VentureSouth members, can invest in the fund through AngelList. VentureSouth believes this is the first Rolling Fund closely affiliated with an angel investment group, and a rare fund covering technology companies in the southeast.
Portfolio Activity
Live Furnish completed a second round of capital raising for a total of $1.5 million. Live Furnish intends to invest the capital in expansion into other markets.
Pass It Down has raised nearly $2 million from investors to create and launch Iconic Moments, the world’s first NFT marketplace exclusively for the world’s museums and cultural institutions.
6AM City raised a new round of funding north of $5 million. 6AM City plans to launch three new products by year’s end, including a loyalty-based membership platform, a referral program for subscriber acquisition and a local commerce platform.
Spiffy acquired Tennessee company Pit Crew. Pit Crew will provide unique services to our markets nationwide. These include battery replacement, wiper blade replacement, headlight/tail light replacement, and more.
Zipit has partnered with Connected Development and Kopis to offer a comprehensive IoT Reference Platform that allows customers with size, power, or cost constrained applications to accelerate time to market.
Sprockets announces an integration between McHire, powered by Paradox, and Sprockets. Sprockets AI-powered solution now works directly with McHire, helping franchises source applicants quickly and reveal who will perform like your best crew members.
Membership
VentureSouth is excited to welcome 17 new members to our flock! These members grow our markets across the Southeast.
Upcoming Events
VentureSouth, one of the country’s largest angel investment networks, is once again expanding its footprint. The PeeDee region of South Carolina will become the 16th community with a VentureSouth angel group, bringing the resources of a venture capital firm to local investors.
VentureSouth Triangle is hosting their first interest meeting on October 13th. Please join us for breakfast and to learn more about VentureSouth.
In October, Venture Carolina powered by VentureSouth is hosting 5 educational events, including three How to Pitch webinars, an Entrepreneur Education Workshop about Startup Roundtable: Strategic Issues, and a Member Education Workshop about IPOs, SPACs, and Exits.