We’ve made it to another Friday…
This week was filled with graduations and celebrations. Funding news was slow, but that doesn’t mean there was no movement in the Southeast startup ecosystem. Here are the stories you need to know as we wrap up the week.
The BIG Stories on Hypepotamus
- Atlanta-based BIP Ventures released its latest State of Private Credit report. We got a glimpse of the data and insights here.
Funding News
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Nashville-based Angel AI announced today it has closed a $4.75 million seed funding round. San Francisco-based, AI-focused firm Cortical Ventures led the round. Village Global and several other prominent angel investors joined the round as well, according to a press release. Read the Hypepotamus reporting here.
- SoBet, Nashville, TN-based provider of a sports betting creator platform, raised $3.7M in initial funding. Nashville Inno has the scoop.
- Nashville-based GoodShip, a cloud-based procurement startup, raised a $8 million Series A, according to Crunchbase. Previous reporting on GoodShip can be found here.
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NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, announced today that the organization has awarded a total of $350,000 in grants to seven North Carolina startups. Selected startups include:
Fashivly, Inc – Charlotte, NC
An online personal styling platform that’s building the future of shopping.Flexie Inc. – Charlotte, NC
A cutting-edge technology to streamline finding and cultivating early talent.GameFlo Inc – Chapel Hill, NC
A gaming company on a mission to nurture imagination and make learning fun.Moxie (previously Academic Insight Lab) – Raleigh, NC
AI-powered research tools to help users ethically design, write, and edit academic papers.OsRostrum, Inc. – Graham, NC
Using artificial intelligence to detect physical indicators of resilience to inform breeding decisions at a fraction of the price using a phone already in a farmer’s pocket.WheelPrice – Charlotte, NC
The go-to online marketplace for car enthusiasts to buy and sell wheels.XR Technologies, LLC – Charlotte, NC
A Software as a Medical Device (SaMD) service that provides VR therapy for amputees combining AI and proven graded motor imagery protocols to fix phantom limb pain.
In Other News
- Today, Digital.ai (Based in Raleigh) published the results of its 2024 Application Security Threat Report, highlighting the pervasive risks to applications that run outside corporate firewalls (“in the wild”). The full report can be found here.