Here’s a look at the week that was an what startups made headlines:
Funding News
Flock Safety, the safety technology company and one of Atlanta’s homegrown tech unicorns, is now valued at $7.5 billion after a new investment round. The team announced today that it had raised $275 million in a round led by Andreessen Horowitz (a16z). Greenoaks Capital and Bedrock Capital. Meritech Capital, Matrix Partners, Sands Capital, Founders Fund, Kleiner Perkins, Tiger Global, and Y Combinator also participated in the round. Read more on Hypepotamus.
Orlando, Florida-based Worth, the all-in-one, fintech platform for onboarding and underwriting workflow automation, closed a $25 million investment led by Atlanta-based TTV Capital. Full press release here.
Carpool Logistics is the latest Atlanta startup to successfully raise a Series A funding round. The startup, founded in 2021 and led by founder and CEO Michael Malakov, announced today it had closed a $12 million Series A round of funding led by Boston-based Wavecrest Growth Partners. CarMax, Impel founders Devin Daly and Michael Quigley, and automotive industry veteran David Metter also joined the round. Read more on Hypepotamus.
VC News
Despite a challenging investor market, Atlanta-based Valor Ventures just closed its $27 million Fund 3. The seed-stage venture capital firm, which backs B2B AI and SaaS startups across the South, closed the round with the backing of “notable new investors, including a pension fund, a bank and an RIA, alongside dozens of returning investors,” according to a press release. More on Hypepotamus.
Other News Across The Ecosystem
Nashville Entrepreneur Center (NEC) is proud to announce a record-breaking level of interest and participation in its 2025 spring program cohort. Want to get to know all the startups in each cohort? A full list is here:
- Project FinTech – 8 businesses (11 founders) – full list here
- Project Healthcare – 16 businesses (19 founders) – full list here
- InFlight Accelerator -17 businesses (27 founders) – full list here
- Twendé Accelerator – 31 businesses (35 founders) – full list here
- TakeOff Accelerator – 21 businesses (24 founders) – full list here
Atlanta-based fintech MOMNT has made some big executive changes, naming Ryan Brennan as Chief Business Officer, Cara River as COO, and Lindsay McAndrew is now Chief Product Officer. Full press release here.
First Internet Bank, a top 10 SBA 7(a) lender, announced the addition of Atlanta-based Carlos Torres Jr., an Atlanta banking executive, as Vice President, Senior Business Development Officer on its SBA lending team.