Another work week in the books.
For Southeast startups, the week that was included funding rounds and new partnerships. To round out your Friday, we’ve curated the biggest headlines from across the region to make sure you are up-to-date with all the latest innovation news.
Here are the stories you need to know:
On The Funding Front…
- Winter Park, Florida-based Leasecake, a platform with lease and location management solutions tailored for multi-unit operators, announced the closure of a $10 million Series A extension round. This significant infusion of capital, led by PeakSpan Capital and Las Olas Venture Capital with additional support from a venture debt facility provided by Silicon Valley Bank, a division of First Citizens Bank.
- Orlanda, Florida-based PETE, an EdTech platform concluded its Seed Funding round, securing $2 million led by Cofounders Capital. Angel investors from across Orlando also joined the round, according to a press release from the startup.
Other Big Headlines:
Supercomputers for students
Software giant Nvidia and Georgia Tech announced Wednesday they have teamed up to create the first artificial intelligence supercomputer designed for student use. The AI Makerspace Initiative is designed to be a “digital sandbox for students to understand and use AI in the classroom.” Get the scoop right from Georgia Tech’s College of Computing.
Braves Nation Partners With The Braves
Atlanta-based daily fantasy sports platform PrizePicks announced this week that it has signed on as the Atlanta Braves’ Official Daily Fantasy Sports Partner for the 2024 season. PrizePicks started working with the Braves back in 2020. More on the partnership here.
New Funding In Alabama
Innovate Alabama announced recipients of its fourth round of the Innovate Alabama Supplemental Grant Program, awarding nearly $4 million to 22 small businesses. The companies selected include: Adjuvax LLC, Alveolus Bio, Biomineral Systems LLC, Bluejireh, CerFlux, Inc., Dynamac Microwave, Inc., Eikon Research, Inc., Endomimetics, LLC, Ethar, Inc, IERUS Technologies, Impact Cooling Inc., iNOvodel, Inc., Linc Research, Inc, Nanoxort LLC, Outpost Technologies, Inc., Pentamer Biologics LLC, Reliant Technologies, Inc., RippleWorx, Inc., Systems Visions, LLC, Vanquish Bio, VETS, LLC, and XO Armor Technologies Inc.
Emory Entrepreneurs
Wilbur Lam, professor and W. Paul Bowers Research Chair in the Department of Pediatrics and the Wallace H. Coulter Department of Biomedical Engineering at Emory University and Georgia Tech, has been named Emory’s inaugural vice provost for entrepreneurship. The appointment, effective this month, was announced by Ravi V. Bellamkonda, provost and executive vice president for academic affairs. Lam spoke the Hypepotamus earlier this year as we explored Atlanta’s evolving MedTech scene.
