Welcome back to Monday Fund-Day, your start-of-the-week primer on who raised significant capital in the South in the seven days leading to this past Sunday. Read below and discover where those three companies are located and what they do. And get in touch to let us know if your startup is raising money this week, and we’ll add it to the next edition.
Last week’s total of just over $5 million may seem smaller if you remember that the previous week’s tally was almost $140 million. But we’re pretty sure the companies who received the funding are very pleased, and we’re always here to share good news about Southern startups growing, especially with 2020’s unexpected market conditions. Aside from the fact that they’re all from North Carolina, here’s what we know about the companies collecting the capital:
Durham, N.C.: CureMint
$1.25 million was surely a breath of fresh air for this dental procurement software company, which plans to use the seed funding to grow product development capabilities and engineering staff, as well as implement a strategic go-to-market plan. Raleigh-based VC Cofounders Capital supported the round, and Cofounders partner Tim McLoughlin said he was impressed by CureMint’s devotion to growing adoption by focusing on UX.
“When everyone in the organization loves using the software, it leads to frictionless onboarding and rapid standardization and ROI for ownership. That combination made it an easy decision to invest,” McLoughlin said in a statement.
Durham, N.C.: Veritas Collaborative
WRAL Techwire reports that this provider of evidence-based care for those who suffer from eating disorders pulled in $2.3 million in debt and option securities. The firm’s website says it is comprised of “humans, individuals, family members, direct care workers, doctors, nurses, psychiatric and medical providers, dietitians, social workers, culinary specialists, therapists, advocates, and administrative professionals,” who work toward treating eating disorders at the age of onset. With offices in Atlanta and Richmond, Virginia, this Durham company has also raised at least $30 million in equity since 2016.
Raleigh, N.C.: Reveal Mobile
We told you last week about the mobile marketing analytics startup’s new $2 million Series A, which included, among others, investors Alerion Ventures, Bull City Venture Partners, IDEA Fund Partners and VentureSouth. Reveal also, ahem, revealed that it secured a U.S. patent for technology intended to perform mobile device quality assessments, which are based on location data reliability and accuracy.
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