VentureSouth

VentureSouth is a venture capital firm and angel group based in Greenville, South Carolina, founded in 2014. The firm specializes in startup and early-stage investments, focusing primarily on manufacturing, logistics, and healthcare sectors. VentureSouth targets investments in the Southeastern United States, particularly in the Carolinas and neighboring states. It typically invests between $0.25 million and $2 million for a preferred equity stake of 15% to 35% in companies that demonstrate the potential to achieve a 50% annualized return on investment over a period of three to five years. The firm does not engage in common equity or debt investments, and its involvement with convertible debt is rare.

Matt Bailey

Investor

Charlie Banks

Managing Director

Alex Biermann

Associate

Ron Clarke

Investor

Rasmus Fenger

Investor

Bob Hottensen

Managing Director

Stephen Izatt

Investor

Noelle James

Managing Director

Paul Newsom

Managing Director

Dawson Racek

Venture Analyst

Malay Shah

Investor

Eloise Thome

Investor

Richard Wintsch

Investor

Past deals in North Carolina

Gradient Health

Seed Round in 2022
Developer of an open research platform designed to offer artificial intelligence (AI) based medical imaging diagnostics and infrastructure. The company's platform utilizes artificial intelligence to offer access to the full clinical sandbox, open-source tooling, and documentation that is free and instantly available, enabling developers to easily translate research into an interoperable, secure clinical environment.

Plantd

Venture Round in 2022
Plantd specializes in producing sustainable building materials aimed at facilitating green and zero-carbon housing. The company utilizes industrial hemp and renewable perennial grass to create products that sequester atmospheric carbon, ensuring that it remains locked within the walls and floors of new homes. This approach not only promotes cost management but also supports carbon removal and enhances material performance. Plantd is driven by a commitment to reinventing current construction practices to contribute to a more sustainable future.

Bio 54

Venture Round in 2022
Bio 54 delivers topical anti-coagulant drugs.

CureMint

Seed Round in 2021
CureMint, Inc. is a software company that specializes in procurement solutions for the dental industry. Founded in 2017 and headquartered in Durham, North Carolina, CureMint offers a comprehensive platform that enhances the ordering experience for dental organizations. Its software provides features for spend visibility and office management, enabling users to create and manage custom formularies that include desired products and prices. Additionally, CureMint allows organizations to prioritize essential products and establish automated reviews and approval workflows tailored to different users, offices, and groups. By centralizing and managing procurement processes, CureMint aims to streamline operations and improve efficiency within dental practices.

Trio Labs

Venture Round in 2021
Trio-Labs’ Digital Manufacturing technology is revolutionizing the way precision parts are manufactured worldwide. Trio Labs’ technology eliminates costs associated with tooling and increases the throughput of established high-volume production processes.

Soelect

Venture Round in 2021
Soelect Inc. is a manufacturer specializing in SiO-C-Li composition materials through a solid-state process. Founded in 2020 and located in Greensboro, North Carolina, the company focuses on developing advanced solid-state battery components to meet the growing demands of electric vehicles, power tools, and mobile electronics. Their innovative offerings include LiXTM (Lithium X/Cu) anode technology and a solid-state electrolyte platform, which provide higher energy density compared to traditional lithium-ion batteries. This technology aims to deliver more cost-effective and efficient battery solutions for various applications, including portable electronics, drones, aircraft, and defense tactical equipment.

Redbud Labs

Grant in 2021
Redbud Labs, Inc. specializes in the development and manufacturing of MEMS and microfluidics technologies tailored for the life science industry. The company produces actuated surface-attached posts films, which facilitate the manipulation of fluids, cells, and reagents at the microscale, thereby enhancing mixing efficiency and reducing assay times. Additionally, Redbud Labs is known for its innovative MXR, the first fully modular microfluidic mixer, utilized by leading biotechnology firms to enhance assay performance. The company offers cartridge-based automated sample preparation platforms, which simplify laboratory workflows while maintaining high performance. Founded in 2010 and based in Chapel Hill, North Carolina, Redbud Labs draws on advanced research from the University of North Carolina to provide solutions that address complex microfluidic challenges in research, drug discovery, and diagnostics.

Seal the Seasons

Series A in 2020
Seal the Seasons, Inc. processes, freezes, markets, and distributes fruits and vegetables to consumers and institutional customers. It offers frozen products, including blueberries, broccoli, and spinach; and Fruit Medley that includes blueberries, strawberries, and blackberries. The company was incorporated in 2014 and is based in Chapel Hill, North Carolina.

Altis Biosystems

Seed Round in 2020
Altis Biosystems, LLC is a biotechnology company that specializes in developing stem cell technologies aimed at enhancing research in human biology. Founded in 2015 and located in Chapel Hill, North Carolina, the company has created the RepliGut system, which utilizes a patent-pending technology to recreate the human intestinal epithelium. This system produces layers of human or animal intestinal stem and differentiated cells from both the small and large intestines. Altis Biosystems' products are primarily used in preclinical studies for disease modeling, microbiome research, and compound screening. By enabling the use of normal human intestinal tissue, their technology helps scientists develop safer and more effective drugs while minimizing reliance on animal testing.

Givebacks

Series A in 2020
MemberHub offers a family and community engagement software that connects socially conscious business with parents through schools. Schools utilize the platform to send parent communications, manage memberships, events, school calendars, and volunteers. Schools also utilize MemberHub's MarketPlace e-stores to sell memberships, event tickets, and other items. The company was founded in 2007 and is headquartered in Raleigh, North Carolina.

Reveal Mobile

Series A in 2020
Reveal Mobile, Inc. operates a platform focused on location-based advertising and analytics for various industries, including agencies, brands, and media companies. The company offers several key products: VISIT Local, which provides foot traffic attribution and audience building; VISIT Match, which delivers audience scale and analytics; and VISIT Data, a customizable solution for location data. Reveal Mobile's platform enables users to understand audience demographics visiting specific locations and facilitates targeted advertising through digital and social media. The company emphasizes privacy compliance and is a member of the Network Advertising Initiative, ensuring adherence to annual privacy certifications. Founded in 2004 and based in Raleigh, North Carolina, Reveal Mobile was previously known as StepLeader, Inc. and became a subsidiary of CBC New Media Group, LLC in 2015.

Altis Biosystems

Seed Round in 2019
Altis Biosystems, LLC is a biotechnology company that specializes in developing stem cell technologies aimed at enhancing research in human biology. Founded in 2015 and located in Chapel Hill, North Carolina, the company has created the RepliGut system, which utilizes a patent-pending technology to recreate the human intestinal epithelium. This system produces layers of human or animal intestinal stem and differentiated cells from both the small and large intestines. Altis Biosystems' products are primarily used in preclinical studies for disease modeling, microbiome research, and compound screening. By enabling the use of normal human intestinal tissue, their technology helps scientists develop safer and more effective drugs while minimizing reliance on animal testing.

Avadim Health

Series D in 2019
Avadim Health, Inc. is a healthcare and wellness company based in Asheville, North Carolina, that specializes in developing, manufacturing, and marketing topical products for both institutional care and consumer markets. Utilizing its proprietary Bionome Engineered Platform, Avadim Health creates solutions aimed at enhancing immune health, neuromuscular health, and skin barrier health. Its product portfolio addresses various health issues, including pain, infections, muscle cramps and spasms, restless leg symptoms, and joint discomfort. The company distributes its products through retail outlets such as grocery stores and pharmacies, as well as acute-care hospitals, nursing homes, and other long-term care facilities. Additionally, Avadim Health offers its products online, providing accessible solutions for patients seeking to manage healthcare-associated risks. Founded in 2007, the company was previously known as Avadim Technologies Inc. before changing its name in September 2018.

Spiffy

Series C in 2019
Spiffy, Inc. is a mobile service provider based in Durham, North Carolina, specializing in on-demand car washing, detailing, and oil change services. Founded in 2014, the company utilizes a smartphone application and website to allow customers to schedule appointments quickly and conveniently. Spiffy’s services are eco-friendly, employing methods that recycle water and eliminate runoff. The application facilitates seamless communication and payment, enhancing the overall customer experience. By offering a range of vehicle maintenance options, Spiffy aims to support vehicle owners in managing their automobiles efficiently, whether for individual use or fleet management.

LUMINELLE

Series C in 2019
UVision 360, Inc. develops the Luminelle DTx Hysteroscopy System, a cutting-edge integrated device designed for both diagnostic and therapeutic gynecological procedures in an office setting. This system allows gynecologists to conduct global hysteroscopic procedures with minimal anesthesia, facilitating the diagnosis and treatment of uterine issues. By leveraging advanced optics and a deep understanding of clinical practices, UVision 360 supports the growing trend toward office-based procedures, enabling a range of diagnostic and operative tasks to be performed outside of traditional surgical environments. Established in 2016 and headquartered in Raleigh, North Carolina, the company was previously known as UVision, Inc.

ThreatSwitch

Convertible Note in 2019
ThreatSwitch, Inc. offers a business-to-business security compliance software platform designed to help organizations manage industrial security compliance programs. Its platform caters to security professionals by facilitating the management and export of personnel access, investigations, training progress, and user activity tracking. The software allows for self-reporting by employees and enables the creation of customized forms with required fields, ensuring sensitive data remains secure. Additionally, it supports the tracking of visitor access requests using specific identifying information. The platform is particularly beneficial for companies facing strict security regulations, resulting in reduced compliance costs, enhanced employee engagement in security initiatives, and lowered overall risk. Founded in 2016, ThreatSwitch is headquartered in Charlotte, North Carolina.

KWIPPED

Series A in 2018
KWIPPED, Inc. operates a B2B online equipment rental marketplace that enables businesses to easily locate and rent specialized equipment from a global network of suppliers. Founded in 2011 and based in Wilmington, North Carolina, KWIPPED's platform simplifies the sourcing process, helping companies reduce risk and ensure quality while fostering trusted relationships between renters and suppliers. The marketplace is designed to provide access to a wide selection of rental equipment, streamlining the rental process for commercial applications.

Reveal Mobile

Convertible Note in 2018
Reveal Mobile, Inc. operates a platform focused on location-based advertising and analytics for various industries, including agencies, brands, and media companies. The company offers several key products: VISIT Local, which provides foot traffic attribution and audience building; VISIT Match, which delivers audience scale and analytics; and VISIT Data, a customizable solution for location data. Reveal Mobile's platform enables users to understand audience demographics visiting specific locations and facilitates targeted advertising through digital and social media. The company emphasizes privacy compliance and is a member of the Network Advertising Initiative, ensuring adherence to annual privacy certifications. Founded in 2004 and based in Raleigh, North Carolina, Reveal Mobile was previously known as StepLeader, Inc. and became a subsidiary of CBC New Media Group, LLC in 2015.

ProAxion

Convertible Note in 2018
ProAxion, Inc. specializes in manufacturing cloud-connected sensors that enhance predictive maintenance for industrial machinery. Founded in 2015 and based in Cary, North Carolina, the company develops TACTIX, a tool designed to remotely monitor the health of rotating machines. ProAxion's low-power sensors and cloud computing technologies enable industrial facilities to improve equipment uptime and reliability while optimizing operational and maintenance costs. By focusing on practical applications of technology, ProAxion aims to prevent unexpected failures of critical machines, thereby maximizing uptime and competitiveness in the industrial sector. The company's innovative solutions contribute to the advancement of data-driven operations within the framework of the Industrial Internet of Things.

Ecomdash

Convertible Note in 2018
Ecomdash is a software-as-a-service that automates backend operations for ecommerce sellers. Ecomdash streamlines and integrates omni-channel retailers’ inventory, sales orders, product listings and shipping processes across marketplaces like Amazon and eBay as well as ecommerce-ready website platforms like Shopify. Ecomdash gives merchants the ability to grow sales, save time, and increase customer satisfaction.

Get Spiffy

Series B in 2018
Get Spiffy is an on-demand car wash and detailing service. A team of experienced Triangle, NC entrepreneurs are building the World's first on-demand smartphone-powered technology-enabled mobile car wash and detailing service. The app is used for both communication and payment. Additionally, Spiffy is highly concerned about the environment, and all of its washes are eco-friendly.

Nirvana Science, Inc.

Series B in 2018
Nirvana Science, Inc. is a technology development company based in Research Triangle Park, North Carolina, specializing in the creation of synthetic bacteriochlorin and fluorescent dyes. Established in 2011, the company offers a range of products, including UV laser excitable dyes and violet laser excitable dyes, which are characterized by their ultra-narrow spectral properties. Through its innovative approach, Nirvana Science aims to advance the applications of fluorescent dyes in various fields.

Atlas Organics

Series A in 2018
Atlas Organics Inc. specializes in organics recycling, focusing on the collection and processing of food and yard waste to create organic garden products. Founded in 2013 and headquartered in Spartanburg, South Carolina, the company operates in various regions, including San Antonio, Texas, and parts of South Carolina, North Carolina, and Tennessee. Atlas Organics collaborates with municipalities and serves a diverse clientele, including grocery stores, hospitals, schools, and restaurants, to promote sustainability and divert compostable waste from landfills. By facilitating the transformation of food waste into valuable compost, the company supports agricultural and landscaping applications, contributing to healthier soil and promoting the “table to farm” movement.

Physcient

Convertible Note in 2018
Physcient, Inc. is a company based in Durham, North Carolina, that specializes in the manufacture of surgical instruments, particularly the Differential Dissector designed for blunt dissection. Founded in 2007 by three experienced scientists and executives, Physcient focuses on enhancing surgical technology to improve patient recovery times without altering existing surgical procedures. The Differential Dissector is utilized in various surgical fields, including plastic surgery, thoracic, gastrointestinal, gynecological, urological, peripheral vascular, and orthopedic surgeries. This innovative instrument enables surgeons to separate critical tissues, such as blood vessels and nerves, from surrounding tissues by taking advantage of their differing biomechanical properties, allowing for precise differential dissection and improved surgical outcomes.

Emergo Therapeutics

Series A in 2018
Emergo Therapeutics, Inc. is a pharmaceutical company based in Durham, North Carolina, founded in 2016. The company focuses on developing therapeutic drugs aimed at modulating inflammatory cytokines and enhancing immune system function. Its primary product in development is norketotifen, which is intended for the treatment of uncomplicated influenza and flu-like illnesses. Emergo Therapeutics seeks to reduce the production of inflammatory cytokines from mast cells, with a broader goal of addressing various infectious diseases and improving health outcomes related to inflammation.

Brightfield (Electrical Equipment)

Convertible Note in 2018
Brightfield Transportation Solutions, Inc. is a manufacturer of electric vehicle (EV) charging stations, focusing on solar-powered solutions. Established in 2005 and based in Asheville, North Carolina, the company serves a diverse range of markets, including electric utilities, workplaces, retail sectors, universities, and municipalities. Brightfield's patented technology integrates solar power into its charging stations, providing added value services that help clients enhance customer and employee loyalty while promoting sustainability. By capitalizing on the growing demand for electric transportation, Brightfield positions itself as a key player in the transition to cleaner energy solutions.

ThreatSwitch

Seed Round in 2018
ThreatSwitch, Inc. offers a business-to-business security compliance software platform designed to help organizations manage industrial security compliance programs. Its platform caters to security professionals by facilitating the management and export of personnel access, investigations, training progress, and user activity tracking. The software allows for self-reporting by employees and enables the creation of customized forms with required fields, ensuring sensitive data remains secure. Additionally, it supports the tracking of visitor access requests using specific identifying information. The platform is particularly beneficial for companies facing strict security regulations, resulting in reduced compliance costs, enhanced employee engagement in security initiatives, and lowered overall risk. Founded in 2016, ThreatSwitch is headquartered in Charlotte, North Carolina.

KWIPPED

Convertible Note in 2017
KWIPPED, Inc. operates a B2B online equipment rental marketplace that enables businesses to easily locate and rent specialized equipment from a global network of suppliers. Founded in 2011 and based in Wilmington, North Carolina, KWIPPED's platform simplifies the sourcing process, helping companies reduce risk and ensure quality while fostering trusted relationships between renters and suppliers. The marketplace is designed to provide access to a wide selection of rental equipment, streamlining the rental process for commercial applications.

Reveal Mobile

Convertible Note in 2017
Reveal Mobile, Inc. operates a platform focused on location-based advertising and analytics for various industries, including agencies, brands, and media companies. The company offers several key products: VISIT Local, which provides foot traffic attribution and audience building; VISIT Match, which delivers audience scale and analytics; and VISIT Data, a customizable solution for location data. Reveal Mobile's platform enables users to understand audience demographics visiting specific locations and facilitates targeted advertising through digital and social media. The company emphasizes privacy compliance and is a member of the Network Advertising Initiative, ensuring adherence to annual privacy certifications. Founded in 2004 and based in Raleigh, North Carolina, Reveal Mobile was previously known as StepLeader, Inc. and became a subsidiary of CBC New Media Group, LLC in 2015.

LUMINELLE

Series B in 2017
UVision 360, Inc. develops the Luminelle DTx Hysteroscopy System, a cutting-edge integrated device designed for both diagnostic and therapeutic gynecological procedures in an office setting. This system allows gynecologists to conduct global hysteroscopic procedures with minimal anesthesia, facilitating the diagnosis and treatment of uterine issues. By leveraging advanced optics and a deep understanding of clinical practices, UVision 360 supports the growing trend toward office-based procedures, enabling a range of diagnostic and operative tasks to be performed outside of traditional surgical environments. Established in 2016 and headquartered in Raleigh, North Carolina, the company was previously known as UVision, Inc.

ProAxion

Seed Round in 2017
ProAxion, Inc. specializes in manufacturing cloud-connected sensors that enhance predictive maintenance for industrial machinery. Founded in 2015 and based in Cary, North Carolina, the company develops TACTIX, a tool designed to remotely monitor the health of rotating machines. ProAxion's low-power sensors and cloud computing technologies enable industrial facilities to improve equipment uptime and reliability while optimizing operational and maintenance costs. By focusing on practical applications of technology, ProAxion aims to prevent unexpected failures of critical machines, thereby maximizing uptime and competitiveness in the industrial sector. The company's innovative solutions contribute to the advancement of data-driven operations within the framework of the Industrial Internet of Things.

ProctorFree

Seed Round in 2017
ProctorFree, Inc. offers an automated online proctoring service designed to enhance academic integrity in online assessments. Founded in 2012 and based in Huntersville, North Carolina, the company utilizes facial recognition technology for student authentication and ensures continuous identity verification throughout the exam using a standard computer, webcam, and microphone. The software monitors for suspicious behavior that may indicate cheating and generates a TrustScore report for faculty shortly after the exam concludes, providing detailed insights and video recordings of the testing session. ProctorFree's solution aims to be a cost-effective and convenient alternative to traditional proctoring methods, ultimately improving the online education experience by fostering trust and integrity, which can lead to increased enrollment and a better public perception of online learning.

TiO

Series C in 2017
TiO is a developer of customizable smart home solutions, primarily aimed at builders. The company specializes in home automation and control systems that enhance comfort and convenience in residential spaces. TiO's offerings include lighting control and wireless audio systems that seamlessly integrate with a variety of smart home devices and well-known household brands. This enables users to manage their home environment easily through simple hardware and software products. TiO focuses on providing a user-friendly experience that fosters both enjoyment and peace of mind within the home.

LUMINELLE

Series A in 2017
UVision 360, Inc. develops the Luminelle DTx Hysteroscopy System, a cutting-edge integrated device designed for both diagnostic and therapeutic gynecological procedures in an office setting. This system allows gynecologists to conduct global hysteroscopic procedures with minimal anesthesia, facilitating the diagnosis and treatment of uterine issues. By leveraging advanced optics and a deep understanding of clinical practices, UVision 360 supports the growing trend toward office-based procedures, enabling a range of diagnostic and operative tasks to be performed outside of traditional surgical environments. Established in 2016 and headquartered in Raleigh, North Carolina, the company was previously known as UVision, Inc.

KWIPPED

Seed Round in 2017
KWIPPED, Inc. operates a B2B online equipment rental marketplace that enables businesses to easily locate and rent specialized equipment from a global network of suppliers. Founded in 2011 and based in Wilmington, North Carolina, KWIPPED's platform simplifies the sourcing process, helping companies reduce risk and ensure quality while fostering trusted relationships between renters and suppliers. The marketplace is designed to provide access to a wide selection of rental equipment, streamlining the rental process for commercial applications.

Atlas Organics

Convertible Note in 2017
Atlas Organics Inc. specializes in organics recycling, focusing on the collection and processing of food and yard waste to create organic garden products. Founded in 2013 and headquartered in Spartanburg, South Carolina, the company operates in various regions, including San Antonio, Texas, and parts of South Carolina, North Carolina, and Tennessee. Atlas Organics collaborates with municipalities and serves a diverse clientele, including grocery stores, hospitals, schools, and restaurants, to promote sustainability and divert compostable waste from landfills. By facilitating the transformation of food waste into valuable compost, the company supports agricultural and landscaping applications, contributing to healthier soil and promoting the “table to farm” movement.

Target PharmaSolutions

Series A in 2016
TARGET PharmaSolutions, Inc. specializes in providing real-world data (RWD) solutions that facilitate drug development and commercialization. Established in 2015 and headquartered in Durham, North Carolina, the company creates customized datasets and analyses to address healthcare evidence questions. It offers a comprehensive health evidence solution that aggregates RWD from a network of clinical sites, alongside bio specimen samples and consulting services. The foundation of TARGET PharmaSolutions was influenced by the HCV-TARGET project, which began in 2011 and demonstrated the effectiveness of their model in Hepatitis C research. The initiative has garnered significant support, influencing labels for sponsors and helping to avoid costly Phase IV commitments. The FDA has actively engaged with the HCV-TARGET project, reflecting its relevance in clinical analysis and healthcare outcomes.

Baebies

Series B in 2016
Baebies, Inc. is a company that focuses on manufacturing screening and pediatric testing equipment for newborns. Established in 2014 and based in Durham, North Carolina, Baebies produces SEEKER, a laboratory solution for newborn screening that conducts multiple assays simultaneously by measuring lysosomal enzyme activity from a single dried blood spot. Additionally, the company offers FINDER, a near-patient testing device designed for pediatric applications. Baebies aims to enhance early disease detection and improve diagnostic capabilities through its innovative digital microfluidics technology, which optimizes the diagnostic yield from minimal blood samples. The company serves hospitals and public health laboratories, with a mission dedicated to saving lives and improving health outcomes for children by providing advanced testing solutions.

Farmshots

Seed Round in 2016
FarmShots LLC, founded in 2014 and based in Durham, North Carolina, specializes in an online platform that utilizes satellite and drone imagery to assist farmers in detecting pests, diseases, and poor plant nutrition. The company's software analyzes absorbed light from field images to assess plant health, offering high-resolution imagery that is accessible through a user-friendly web application. This technology allows growers to monitor their crops effectively, providing them with the flexibility to export data into other agricultural software. As of February 2018, FarmShots operates as a subsidiary of Syngenta Corporation, enhancing its capabilities in agricultural technology.
Brightfield Transportation Solutions, Inc. is a manufacturer of electric vehicle (EV) charging stations, focusing on solar-powered solutions. Established in 2005 and based in Asheville, North Carolina, the company serves a diverse range of markets, including electric utilities, workplaces, retail sectors, universities, and municipalities. Brightfield's patented technology integrates solar power into its charging stations, providing added value services that help clients enhance customer and employee loyalty while promoting sustainability. By capitalizing on the growing demand for electric transportation, Brightfield positions itself as a key player in the transition to cleaner energy solutions.

Specmetrix

Series A in 2016
Sensory Analytics, LLC develops advanced sensory solutions for precise measurement in various industrial applications, focusing on color and thickness measurement as well as process control. The company's flagship product line, SpecMetrix, includes automated and portable systems that deliver real-time, non-contact measurement of coating thickness, color, and other quality metrics. These systems provide continuous data with high precision, enabling industries such as aerospace, automotive, coatings, electronics, packaging, medical, and pharmaceuticals to enhance quality assurance and optimize production processes. Founded in 2004 and based in Greensboro, North Carolina, Sensory Analytics aims to improve process control and product quality while reducing operational costs through innovative measurement technologies.

Target PharmaSolutions

Seed Round in 2016
TARGET PharmaSolutions, Inc. specializes in providing real-world data (RWD) solutions that facilitate drug development and commercialization. Established in 2015 and headquartered in Durham, North Carolina, the company creates customized datasets and analyses to address healthcare evidence questions. It offers a comprehensive health evidence solution that aggregates RWD from a network of clinical sites, alongside bio specimen samples and consulting services. The foundation of TARGET PharmaSolutions was influenced by the HCV-TARGET project, which began in 2011 and demonstrated the effectiveness of their model in Hepatitis C research. The initiative has garnered significant support, influencing labels for sponsors and helping to avoid costly Phase IV commitments. The FDA has actively engaged with the HCV-TARGET project, reflecting its relevance in clinical analysis and healthcare outcomes.

Atlas Organics

Seed Round in 2015
Atlas Organics Inc. specializes in organics recycling, focusing on the collection and processing of food and yard waste to create organic garden products. Founded in 2013 and headquartered in Spartanburg, South Carolina, the company operates in various regions, including San Antonio, Texas, and parts of South Carolina, North Carolina, and Tennessee. Atlas Organics collaborates with municipalities and serves a diverse clientele, including grocery stores, hospitals, schools, and restaurants, to promote sustainability and divert compostable waste from landfills. By facilitating the transformation of food waste into valuable compost, the company supports agricultural and landscaping applications, contributing to healthier soil and promoting the “table to farm” movement.

Nirvana Science, Inc.

Series A in 2015
Nirvana Science, Inc. is a technology development company based in Research Triangle Park, North Carolina, specializing in the creation of synthetic bacteriochlorin and fluorescent dyes. Established in 2011, the company offers a range of products, including UV laser excitable dyes and violet laser excitable dyes, which are characterized by their ultra-narrow spectral properties. Through its innovative approach, Nirvana Science aims to advance the applications of fluorescent dyes in various fields.

RivalHealth

Series A in 2015
RivalHealth is a fitness-based wellness platform that engages employees with daily exercise and nutrition activities and sustains engagement through social interaction, challenges, incentives, and outcomes. It engages employees with daily exercise and nutrition activities and sustains engagement through social interaction, challenges, incentives, and outcomes for corporations, schools, and organizations searching for effective and sustainable wellness services.

Baebies

Series A in 2015
Baebies, Inc. is a company that focuses on manufacturing screening and pediatric testing equipment for newborns. Established in 2014 and based in Durham, North Carolina, Baebies produces SEEKER, a laboratory solution for newborn screening that conducts multiple assays simultaneously by measuring lysosomal enzyme activity from a single dried blood spot. Additionally, the company offers FINDER, a near-patient testing device designed for pediatric applications. Baebies aims to enhance early disease detection and improve diagnostic capabilities through its innovative digital microfluidics technology, which optimizes the diagnostic yield from minimal blood samples. The company serves hospitals and public health laboratories, with a mission dedicated to saving lives and improving health outcomes for children by providing advanced testing solutions.

PlumPrint

Seed Round in 2015
PlumPrint is an online platform that specializes in preserving children's artwork by transforming it into beautifully organized books and digital archives. Parents can send in their children's creations, and PlumPrint will curate these pieces into a custom coffee table book, along with a digital archive for easy access. This service allows families to celebrate and commemorate their children's creativity while effectively managing the clutter often associated with storing artwork. PlumPrint offers a practical solution for parents seeking to cherish their children's artistic expressions without sacrificing space or time.

Virtual Event Bags

Convertible Note in 2014
Virtual Event Bags is an online platform for event directors to efficiently deliver sponsor messages to event participants. It helps its users create and manage digital content, invite participants, and report on the performance of each sponsor message. Virtual Event Bags was launched in 2010 and is based in Charlotte, North Carolina.

Avadim Health

Series C in 2014
Avadim Health, Inc. is a healthcare and wellness company based in Asheville, North Carolina, that specializes in developing, manufacturing, and marketing topical products for both institutional care and consumer markets. Utilizing its proprietary Bionome Engineered Platform, Avadim Health creates solutions aimed at enhancing immune health, neuromuscular health, and skin barrier health. Its product portfolio addresses various health issues, including pain, infections, muscle cramps and spasms, restless leg symptoms, and joint discomfort. The company distributes its products through retail outlets such as grocery stores and pharmacies, as well as acute-care hospitals, nursing homes, and other long-term care facilities. Additionally, Avadim Health offers its products online, providing accessible solutions for patients seeking to manage healthcare-associated risks. Founded in 2007, the company was previously known as Avadim Technologies Inc. before changing its name in September 2018.

Southeast TechInventures

Series A in 2014
STI's mission is to build an effective and profitable technology accelerator for rapid conversion of scientific breakthroughs into products, services and new technology companies. STI partners with inventors to accelerate the commercialization of technologies and intellectual property (IP). Our current focus areas include medical devices, diagnostics, biotechnology, nanotechnology, materials, electronics, and agriculture including agricultural biotechnology. STI has pioneered a commercialization process powered by their proprietary TechInventures Accelerator Process℠. Using this process STI partners with universities and other research organizations, government funding agencies, private investors, and corporate entities to provide the structure, processes and funding needed to successfully bring new technologies to market. For any given STI portfolio technology, STI's operating model and experience guides and supports the new entity quickly along the path to commercialization. Activities provided by STI may include the following: Obtaining an intellectual property license from the applicable university/research organization Assisting in further developing the technology in partnership with the inventors Establishing the entity as a spin-off company Providing financing contacts Providing experienced business guidance and mentorship

Avadim Health

Series B in 2013
Avadim Health, Inc. is a healthcare and wellness company based in Asheville, North Carolina, that specializes in developing, manufacturing, and marketing topical products for both institutional care and consumer markets. Utilizing its proprietary Bionome Engineered Platform, Avadim Health creates solutions aimed at enhancing immune health, neuromuscular health, and skin barrier health. Its product portfolio addresses various health issues, including pain, infections, muscle cramps and spasms, restless leg symptoms, and joint discomfort. The company distributes its products through retail outlets such as grocery stores and pharmacies, as well as acute-care hospitals, nursing homes, and other long-term care facilities. Additionally, Avadim Health offers its products online, providing accessible solutions for patients seeking to manage healthcare-associated risks. Founded in 2007, the company was previously known as Avadim Technologies Inc. before changing its name in September 2018.

Physcient

Series A in 2013
Physcient, Inc. is a company based in Durham, North Carolina, that specializes in the manufacture of surgical instruments, particularly the Differential Dissector designed for blunt dissection. Founded in 2007 by three experienced scientists and executives, Physcient focuses on enhancing surgical technology to improve patient recovery times without altering existing surgical procedures. The Differential Dissector is utilized in various surgical fields, including plastic surgery, thoracic, gastrointestinal, gynecological, urological, peripheral vascular, and orthopedic surgeries. This innovative instrument enables surgeons to separate critical tissues, such as blood vessels and nerves, from surrounding tissues by taking advantage of their differing biomechanical properties, allowing for precise differential dissection and improved surgical outcomes.

Avadim Health

Series A in 2013
Avadim Health, Inc. is a healthcare and wellness company based in Asheville, North Carolina, that specializes in developing, manufacturing, and marketing topical products for both institutional care and consumer markets. Utilizing its proprietary Bionome Engineered Platform, Avadim Health creates solutions aimed at enhancing immune health, neuromuscular health, and skin barrier health. Its product portfolio addresses various health issues, including pain, infections, muscle cramps and spasms, restless leg symptoms, and joint discomfort. The company distributes its products through retail outlets such as grocery stores and pharmacies, as well as acute-care hospitals, nursing homes, and other long-term care facilities. Additionally, Avadim Health offers its products online, providing accessible solutions for patients seeking to manage healthcare-associated risks. Founded in 2007, the company was previously known as Avadim Technologies Inc. before changing its name in September 2018.

Virtual Event Bags

Series A in 2012
Virtual Event Bags is an online platform for event directors to efficiently deliver sponsor messages to event participants. It helps its users create and manage digital content, invite participants, and report on the performance of each sponsor message. Virtual Event Bags was launched in 2010 and is based in Charlotte, North Carolina.
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