Around the Southeast: Q2 2021 Recap

We tracked upwards of 50 tech startups across the Southeast that completed funding rounds this quarter. Take a look at how the ecosystem is growing: 

Startups With New Funding 

Atlanta: Greenlight completed it’s Series D, totaling $260 million 

Atlanta: OneTrust raised $210 million in its Series C round 

Charlotte: Prescient, a construction and manufacturing tech startup, raised $190 million in a private equity deal. 

Atlanta: Illuminarium raised $100 million in a debt financing round 

Louisville: ClimateTech startup Climavision raised $100 million Series A 

Charlotte: Transportation and payment software company Passport raised $90 million in growth capital from Sixth Street Growth, following a $65 million Series D funding round in late 2019. 

Atlanta: Popmenu raised $65 million Series C 

Atlanta: ATDC grad Florence Healthcare, focused on streamlining clinical trials, raised $80 million. 

Charlotte: HR-focused software company Oyster raised a $50 million Series B led by New York-based Stripes 

Miami: FinTech banking solution Novo raised $40.7 million in Series A funding 

Atlanta: RoadSync raises $30 million in Series B funding 

Miami: Heru, an AI-powered vision diagnostic startup raised $30 million to scale 

Morrisville: JupiterOne, a cyber asset management company, raised $30 million Series B 

Atlanta: sundayapp, a restaurant management startup, is moving from Paris to Atlanta and raised $24 million to scale 

Durham: PropTech startup Higharc raised $21 million Series A 

Atlanta: Automation startup Intential raised $20 million  

Chattanooga: Thanks to a private equity deal, FreightWaves has $16 million to expand its shipping and analytics platform 

Atlanta: Supersapiens raised $13.5 million to help athletes better monitor their blood glucose levels 

Atlanta: Fold, a Bitcoin rewards app, raised $13 million Series A 

Atlanta: SmartCommerce raised $13 million Series B 

Kentucky: EBlu Solutions raised $11.4 million in Series A funding 

Atlanta: Saltbox, Atlanta’s co-warehousing space for eCommerce businesses, raised a $10.6 million Series A. It’s also eyeing a national expansion. 

Atlanta: Pay-per-mile auto insurance startup Mile Auto raised $10.3 million in seed funding 

Nashville: Valkyrie, a cryptocurrency asset manager, raised a $10 million Series A 

Atlanta: Started by Stacey Abrams and Lara Hodgson, NowAccount raised $9.5 million to help small businesses get paid in a more streamlined manner. 

Atlanta: Medxoom, an engagement platform for the healthcare industry, raised just over $8 million in Series A funding from Castellan Group

Charlotte: MedShift raised $8 million Series A 

Raleigh: raised $6 million Series A 

Miami: personal finance startup fortu raised a $5 million seed round 

Nashville: AdCritter raised $4 million venture round 

Atlanta: Fanbase raised $3.5 million in seed funding 

Raleigh: Element451, a CRM platform for colleges, raised a $3 million Series A 

Birmingham: Wyndy, a babysitting payments platform, raised just over $3 million in a venture round 

Durham: Wearables startup Revibe Technologies raised $3 million 

Chattanooga: Wireless router designer Torch, which focuses on keeping kids safe online, raised $3.5 million in seed funding 

Birmingham: Help Lighting raised $2.5 million Series A 

Birmingham: Networking ecosystem startup Linq raised $2.5 million 

Durham: EnMass Energy raised $2.15 million in seed funding. 

Birmingham: SaaS platform Streetmetrics raised just over $2.2 million 

Alpharetta: Maptician raised $1.7 million in seed funding.

Atlanta: Ally Commerce spinoff Green Feather raised $1.5 million 

Atlanta: Goodr raised a “bridge to Series A” round totalling $1.5 million 

Birmingham: Event and networking engagement platform Mixtroz raised $1 million in seed funding 

Birmingham: Techstars Alabama graduate Con.doit raised $1 million in pre-seed funding, led by Overline Ventures. 

Chapel Hill: RepVue raised $1 million as it looks to help sales professionals find their next position 

Charlotte: Bundle, a mortgage shopping marketplace, raised $600,000 in seed funding 

Nashville: Mobile enterprise software startup Lasso raised a $300,078 seed round  

Durham: Fandex, a game trading platform, raised just under $275,000 in seed funding 

In VC News: 

Collab Capital closed its inaugural $50 million fund. Hear from the Atlanta-based founding team about its investment thesis and how they are looking for underrepresented founders. 

A new Atlanta-based fund, Automotive Ventures, closed its oversubscribed $7 million fund. We chatted with the founding team about what the transportation and automotive industry look like coming out of the pandemic. Read more here

Panoramic Ventures announced a new $300 million fund earlier this year. To start off the summer strong, the team hosted its first Startup Showdown pitch competition in June to hear from underrepresented founders. Meet the winner here.

In Accelerator News: 

Google for Startups is back with its 2nd Black Founders Fund. Totaling $5 million, the fund will help 50 Black startup founders across the US.


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Feature Image: RoadSync team, one of the several companies which raised a large Series B round this quarter