Here’s a look at what happened this week and what startup news you need to know heading into the weekend:
Funding News
The big funding news came out of Birmingham, Alabama, where Fleetio auto-focused startup Fleetio raised a $450 million Series D round. Alongside the funding news, the team announced it acquired UK-based Auto Integrate. We have the latest on what it means for the company here.
Charleston, South Carolina-based BuildVision, a construction procurement startup, raised a $10 million Series A, according to Crunchbase.
Investor News
NCIdea, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, announced today that the organization has selected 18 semi-finalists from across the state in its 39th SEED grant cycle. The $50,000 grants were given to:
- Arclet – Asheville, NC
- Capwave AI – Charlotte, NC
- Disctopia – Charlotte, NC
- Haw River Mushrooms – Graham, NC
- Instancy – Durham, NC
- InviteJet – Raleigh, NC
- Joyntly – Charlotte, NC
- Kahmino – Raleigh, NC
- Marla Amplification – Asheville, NC
- Previewed – Greensboro, NC
- QCx – Charlotte, NC
- Scale Social AI – Raleigh, NC
- Skillmaker.ai – Carolina Beach, NC
- SneakPeek Technologies – Carrboro, NC
- SonoVoice – Raleigh, NC
- That Pitch – Charlotte, NC
- Verenovo – North Wilkesboro, NC
- VVS – Charlotte, NC
Startup News
Greenwood, the FinTech startup founded by well-known Atlantans, is moving its headquarters from Atlanta to Tulsa, Oklahoma, according to the AJC. Read more of Hypepotamus’ coverage of Greenwood over the years here.
The Silhouette WorkHub opened this week in Atlanta as a physical place for commerce-focused companies and startups. The space is powered by Atlanta-based venture capital firm Silicon Road Ventures.
Atlanta-based startup cove introduced the first AI-powered, full-service architecture practice. The Atlanta-based startup has invested $25 million to build a two-part AI framework that will reshape how teams design and deliver buildings, according to a press release.
14 startups were selected for North Carolina-based RevTech Labs next cohort. The companies, coming from across the country and the globe, are now heading to Charlotte to participate in the accelerator program. Meet the new cohort here.
DIY Doula, The 1416 Fund, and Safe Squeeze Headgear — three startups in The Hatchery’s Student Founder Program at Emory University — each took home $2,500 after pitching this week at The Hatchery’s showcase event.