Home // Friday Fund Day: Who Built & Raised What Over The Last Week In The Startup South

Friday Fund Day: Who Built & Raised What Over The Last Week In The Startup South

Busy week? Behind on the local technology news? Never fear…your Friday Fund Day round up is here! Here are the big stories that happened across the Southeast that you need to know to end your week strong:

The Big Story

Techstars Tuscaloosa has tapped Anastasia Simon as the program’s first Managing Director. She’s joining after working on the investment team at Techstars Atlanta.

Funding News

West Palm Beach, Florida startup BrightNight announced a $440 million strategic investment from the Infrastructure business at Goldman Sachs Alternatives.

Goodie Nation, the startup-focused community organization, was awarded $150,000+ in grants from the Kapor Center, Emory Philanthropy Lab, and the Community Foundation for Greater Atlanta’s GoATL Economic Inclusion Fund. This funding will significantly bolster our ATL BLK TCH program, aimed at fostering a robust and interconnected Black tech community in Atlanta. Read the full announcement on the funding here.

Wilmington-based Electronic Lab Logs announced Monday it has secured a $2 million lead investment from venture capital firm Rockmont Partners. Details here.

Protect3d, a medical device startup from North Carolina leveraging 3D technologies to bring custom protective devices to athletes and competitors everywhere, raised a $1.7 million venture round, per Crunchbase.

M&A Announcements

Atlanta-based Stord is expanding its operations with the acquisition of Pitney Bowes’ State fulfillment center in Kentucky. More details here.

SPS Commerce Inc. (Nasdaq: SPSC) announced it will acquire Rogers, Arkansas SupplyPike, a maker of invoice deduction management software, in a deal worth more than $206 million, the companies said Thursday. More details here.

In Other News

Huxley Medical, a developer of technologies that streamline cardiopulmonary care, has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its groundbreaking, chest-worn, sleep apnea diagnostic patch, SANSA, according to a press announcement. With this clearance, Huxley Medical can move forward to market its device. The patch is a first-of-its-kind, at-home, single-point-of-skin-contact diagnostic device and represents a breakthrough in medical innovation. Unlike current patches, rings, watches, or finger probes, SANSA does not require additional attachments, wires, belts, or hoses. Huxley Medical is a HealthTech portfolio company at ATDC.

Tech Alpharetta’s Women’s Forum announced the expansion of its STEAM Mentoring Program, now launching its fourth cohort. The program, which partners with Fulton County Schools’ Innovation Academy public magnet high school in Alpharetta, aims to inspire and guide young women toward rewarding careers in Science, Technology, Engineering, Arts, and Mathematics (STEAM). You can read more about the program here.

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