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VentureSouth Invests Over $2.7M in Early-Stage Companies in the Southeast in the First Quarter

Devon Smith
Devon Smith
Last updated: June 3, 2024
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VentureSouth, one of the largest angel investment groups in the United States, is excited to announce another quarter of significant investment activity in startup companies across the Southeast.

VentureSouth invested a total of $2.7 million across 16 early-stage companies during the first quarter of 2022. In addition to further capital being invested in existing portfolio companies, the organization added three new companies to the portfolio during Q1: Durham-based Gradient Health ,and Richmond, VA based RoundlyX and HopDrive

VentureSouth was also excited to launch new initiatives this year designed to further engage and support our ecosystem. The Venture in the South Podcast, hosted by Managing Director Paul Clark, and VentureSouth member David Grisell, aims to educate and entertain listeners about the dynamic world of early-stage startups. Secondly, through a collaboration with The Hill Institute for Innovation and Entrepreneurship at Furman University, the Angel Analyst Fellowship was launched as a way to equip students with the knowledge needed to be successful as venture practitioners.

In addition to these exciting programs, Venture Carolina, VentureSouth’s sister organization, which provides comprehensive education to entrepreneurs and investors throughout the region, launched the Palmetto Venture Fellowship, an eight-week program designed to expose the next generation of angel investors to the intricacies associated with investing in early stage companies.

VentureSouth portfolio companies also made substantial progress during the quarter.

  • Atlas Organics, a developer and operator of commercial composting solutions, completed its transformational partnership with Generate Capital, a leading owner and operator of organic waste processing solutions and sustainable infrastructure in North America
  • 6AM City announced a milestone of reaching 1 million subscribers
  • Spiffy, an on-demand car care service, raised a $10M round and launched a new product
  • Baebies, a life science company developing cutting edge products and services that enable early disease detection in infants, received regulatory clearance to commercialize a test for the COVID-19 virus in Europe
  • and New York Butcher Shoppe opened a new location in Lexington, SC.