Truist

Truist is a financial services company that focuses on empowering minority and underserved communities through its various initiatives. Established in 2018 from the merger of SunTrust and BB&T, Truist Ventures serves as the corporate venture capital arm, emphasizing investments that promote racial equity in financial services. The Truist Foundation aims to inspire better lives and communities by supporting philanthropic efforts. Additionally, Truist offers a range of philanthropic solutions that help corporations and nonprofit organizations engage effectively with their donors and volunteers, providing a comprehensive suite of products and services designed to facilitate meaningful community engagement.

Xavier Ashe

SVP, Security Operations

Gayle Cabrera

Senior Vice President

Beau Cummins

COO

Asthika Goonewardene

Managing Director, Senior Biotech Analyst

Chris Hildreth

Managing Director

Mike Petanovitch

SVP and Head of Technology, LightStream

William Rogers Jr.

CEO and Chairman of the Board of Directors

Katherine Saez

Georgia Region President

Heidi Schoonover

Managing Director

Robert Tuggle

Market President

19 past transactions

Accion Opportunity Fund is a nonprofit firm that provides funds to mall businesses.
The Nussbaum Center for Entrepreneurship (NCFE) is the largest small-business incubator in North Carolina. NCFE helps area entrepreneurs and small business owners develop their business concepts into successful and sustainable companies. Since 1987 we have helped entrepreneurs become business owners by providing affordable scalable office space, training and the support services necessary for their businesses to scale. 74% of our Associate base are Minority/Women-led BusinessEnterprises (MWBE). 78% of Nussbaum Associates are still in operation after 5 years. We reduce smallbusiness failures.
Nashville Business Incubation Center (NBIC) is a non-profit incubator with a successful track record of launching well-known companies such as Zycron, The Grilled Cheeserie, and Christie Cookie. The center has provided business development resources to entrepreneurs to help them grow their enterprises, create jobs, and generate wealth in their respective communities.

SecureSave

Seed Round in 2022
SecureSave provides a purpose-built emergency savings solution. Emergency savings are the foundation of financial wellness. Help your employees get started. Make an immediate impact on your team for a fraction of the cost of other workplace savings programs.
Council for Adult and Experimental Learning helps organizations succeed by providing expertise, resources, and solutions. The company collaborates with organizations from the entire adult learner ecosystem to develop career pathways that can be followed on the path to meaningful work and lifelong learning. The knowledgeable team of experts at the Council for Adult and Experimental Learning provides flexible initiative support and technical assistance to help partners with problem diagnosis, problem definition, momentum generation and maintenance, and staff capacity planning.

Recreational Realty

Debt Financing in 2022
Recreational Realty owner, operator, and developer of specialized recreational vehicle and marine storage facilities.

Launch Tennessee

Grant in 2022
Launch Tennessee is a public-private partnership established in 2012, based in Nashville, Tennessee, that supports entrepreneurs throughout their journey from ideation to exit. The organization aims to make Tennessee the most startup-friendly state, encouraging entrepreneurs to build their companies and create jobs within the region. Launch Tennessee focuses on investing in seed-stage, early-stage, and later-stage companies across various sectors, including business products, services, consumer products, healthcare, information technology, and energy. Through its initiatives, the organization seeks to foster a vibrant entrepreneurial ecosystem that promotes innovation and economic growth in Tennessee.

Growve

Debt Financing in 2022
Growve is a brand aggregator that specializes in the acquisition and management of wellness and beauty brands. The company headquartered in St. Petersburg, Florida, was founded in 2018 and acquires and creates brands in six verticals: dietary supplements, beauty, food, sports nutrition, pet, and household wellness, and beauty products.

Melo Group

Debt Financing in 2021
Originally founded in 1948 by Armando Ferreira de Melo in Buenos Aires, Argentina, the Melo Group is one of the strongest family-owned, full-service real estate development firms operating in South Florida today. Since the beginning, the company has been focused on delivering a more intelligent approach to development, design, construction, and management of luxury properties. To date, this unique philosophy has been the guiding force behind more than 50 successfully completed projects which offer a combined total of more than 5,000 residential units. As well, the company remains actively involved in real estate development in Argentina as well as in Montevideo, Punta del Este, Uruguay.
Goodwill Industries of Southwest Florida is a nonprofit organization committed to serving people with disabilities and disadvantages.
The Incubator nurtures the Midlands entrepreneurs and their new companies. The USC/Columbia Technology Incubator is a nonprofit corporation sponsored by the University of South Carolina, City of Columbia and other area governments. Materially, businesses and private donors support the Incubator. It is currently home to nearly 50 companies. Since its inception with Joel Stevenson in 1998, they have provided opportunities for entrepreneurs to commercialize their ideas. They have also produced successful, financially viable and freestanding businesses all while creating hundreds of additional jobs in the community. They want high-tech, high-growth companies that can benefit from all the Incubator partners including USC and Midlands Technical College with manufacturing startup facilities.

Growve

Debt Financing in 2021
Growve is a brand aggregator that specializes in the acquisition and management of wellness and beauty brands. The company headquartered in St. Petersburg, Florida, was founded in 2018 and acquires and creates brands in six verticals: dietary supplements, beauty, food, sports nutrition, pet, and household wellness, and beauty products.
Constellation is an insurance distribution platform operating seven managing general agents (MGAs) and program managers.

National Press Club

Grant in 2021
The National Press Club is a professional membership organization for news, media and communications professionals, as well as a world-class live events, meeting and multimedia production facility. The Club hosts more than 250,000 visitors annually at more than 2,000 events that are beamed to global audiences in print, on the air and online.

Greenwood

Series A in 2021
Greenwood Bank is a digital banking platform for Black and Latinx people and business owners. It features best-in-class digital banking services and innovative ways of giving back to the community. The company's initial products are savings and spending accounts that come with a stunningly designed black metal debit card for customers who sign up by the end of the year. Greenwood Bank was founded in 2020 and is based in Atlanta, GA, USA.

System One

Debt Financing in 2021
Headquartered in Pittsburgh, Pennsylvania, System One is one of the largest professional staffing firms in the U.S. with over 6,000 employees serving the diversified engineering, clinical/scientific, IT, and legal markets. System One offers a full suite of specialty workforce solutions and integrated services focused on mission-critical, recurring human capital solutions, such as testing and inspection, non-destructive testing, staff augmentation, legal process outsourcing and eDiscovery, recruiting services, managed service provider (MSP) services, and vendor management services (VMS).

Veem

Venture Round in 2020
Veem is a payment service provider that helps simplify the way businesses send and receive funds. It offers a platform that enables small businesses to send and receive payments in local currency. Using blockchain as a payment rail, the company eliminates the need for intermediary banks, reducing costs for small- and medium-sized businesses. It converts the sender’s funds into bitcoin, selling the digital currency at an exchange for the desired currency of the recipient. Aldo Carrascoso and Marwan Forzley co-founded the company in 2014 and is headquartered in San Francisco, California.
United Way of Central Maryland create opportunity and improves lives and communities we take on the toughest challenges facing our neighbors and the neighborhoods they call home our programs increase access to basic needs: housing, health, employment, and education.

United eWay

Acquisition in 2008
United eWay is a company that was acquired by Truist in 2008.
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