VentureSouth is pleased to announce that it recently led investment rounds for two Greenville-based startups—a Series Seed Investment for Offsite and a Series A Investment for Zylö Therapeutics.
Founded by the former Iron Yard team, Offsite provides a marketplace that enables website and list owners to share their audiences with advertisers, without having to sell any customer data. The platform provides advertisers access to highly targeted audiences while audience owners generate an additional way to monetize value they’ve already created.
Matt Dunbar, Managing Director for VentureSouth, says his team was eager to support Offsite due to their past success. “We have known and respected their team for quite some time and think they have created a compelling, unique solution in a large market with evidence of hugry customers on both sides of the marketplace,” said Dunbar.
Offsite COO Eric Dodds adds, “We’re incredibly excited to be working with the VentureSouth investors again. Greenville has a rich history of advertising businesses, and we’re excited to be a part of that story as a software startup. Partnerships like this one are a key part of our goal to build companies that impact the entire world, right here from the Southeast.”
Zylö Therapeutics is a unique life science company with a drug delivery system that uses nanoparticles, called Z-pods™, to deliver therapeutic agents through topical applications. Zylö’s technology allows for 24-plus hours of delivery, thereby requiring only a once-a-day application. Their novel and compelling approach has created a much-needed solution to a longstanding challenge of sustained topical release of therapeutic agents.
Scott Pancoast, Zylö CEO and Founder, stated, “We value the leading role that VentureSouth played in our Series A round and appreciate the underlying confidence in the potential of our Z-pod™ technology.”
These investments from VentureSouth are further evidence that the startup scene in Greenville is healthy and growing. “Our investments speak to the growth of serial entrepreneurship here as both of these companies are led by entrepreneurs who have been founders before,” said Dunbar. “Being able to combine their talent and experience with local investors’ insight and capital demonstrates the model we have been working to build, so it’s exciting to see the process come to fruition in these two new companies.”
Offsite and Zylö become the 22ndand 23rdcompanies that VentureSouth has invested in to date in the Greenville community. For more information on their technologies, visit www.connectoffsite.com and www.zylotherapeutics.com.