We’re ending the week with a quick round up on all the funding, acquisitions, and other startup news from across the Southeast you need to know. Know of a headline we missed? Let us know!
Funding News
Fintech
Atlanta, Georgia: Greenlight Financial Technologies
Greenlight, the Atlanta fintech company bringing debit cards to kids, landed a major $215 million Series C funding round. Read more here about the deal and how co-founder Tim Sheehan is thinking about childhood financial literacy.
Miami, Florida: Marco Financial
Marco Financial, a fintech platform designed for Latin American exporters, has raised $26 million in a mix of funding and credit.
Biotech/Medtech
Raleigh, North Carolina: Rediscovery Life Sciences
Rediscovery Life Sciences, focused on technologies to improve acute kidney disease outcomes, raised $4.5 million in Series B financing from REX Health Ventures and Orlando Health Ventures.
Morrisville, North Carolina: Metabolon
Metabolon, out of the Research Triangle, announced the company has raised an additional $72 million this week. The funding is a mix of debt and equity.
Software
Miami, Florida: Papa
Papa, the company that matches older individuals with companions and assistants, raised $18 million in Series B funding this week. The round was led by Comcast ventures. The company has now raised over $31 million since its founding in 2018, according to Crunchbase.
Raleigh, North Carolina: ArenaCX
On-demand customer service startup ArenaCX raised a $2 million seed round, which was led by San Francisco-based Sovereign’s Capital.
Orlando, Florida: RedTeam
RedTeam, the software company building a construction management platform for commercial projects, raised $5 million from New York-based private equity firm JettyCove.
New Moves…And Exits…Across the Southeast
Accenture Acquires Atlanta-based N3
Global professional services company Accenture has agreed to acquire N3, an Atlanta-based sales firm. When asked about the deal, Accenture told Hypepotamus: “We have a proven track record when it comes to effectively integrating companies post-acquisition. The key is to recognize what to combine and what to keep distinct. Rather than seeking to marry our two distinct cultures, we work to foster a culturally diverse environment united under a shared vision: in our case, creating the best customer experiences for clients.”
Four Atlanta-based startups selected for Google for Startups Black Founders Exchange
Google for Startups Black Founders Exchange is in collaboration with North Carolina American Underground. Learn more about the Atlanta-based companies on Hypepotamus here.
New Atlanta-based incubator to focus on reaching underrepresented founders
Joe Beverly, from president of Atlanta Technology Angels (ATA) has launched Cranium Incubator, a virtual incubator designed to help underrepresented startup founders. The application deadline is September 28.
