Even with summer conferences in full swing, startups were busy this week. In case you were wrapped up in networking events, we have the recap you need to keep up with important Southeast startup trends.
M&A News
* Atlanta-based AgencySpotter.com, a public rating and review platform for marketing and IT agencies, has been acquired by a private investment group specializing in technology and service marketplaces. Following this divestiture, the parent company of AgencySpotter.com, formerly known as Agency Spotter Inc., will rebrand to SpotSource Inc. Financial details of the deal were not disclosed. More here.
* ZS, a global management consulting and technology firm, announced today it has acquired Atlanta-based Digital Additive, a leading Salesforce digital marketing agency that specializes in helping businesses leverage the Salesforce Marketing Cloud ecosystem to build data-driven, personalized marketing campaigns and deliver impactful results. More here.
Funding News
* Raleigh, North Carolina-based Relay, the cloud-based communications platform designed to improve productivity and safety for frontline teams, today announced $35 million in Series B funding, led by G2 Venture Partners, with participation from existing investors including Wind River Ventures and Sovereign’s Capital. The new funding will be used to fuel Relay’s expansion into new markets and accelerate its product roadmap. Read more about the funding announcement here.
* Tennessee-based MetaFlex, has caught the attention of local investors The Upper Cumberland Investment Alliance (UCIA) and InvestTN for its grip-strengthening compression gloves. Read the Hypepotamus story here.
* Atlanta-based Pull Logic, an inventory management SaaS startup, announced it has raise a seed round of funding. We dive into the deal, and what Pull Logic is building, here.
In Other News
* Atlanta-based PadSplit, a coliving marketplace for affordable housing, announced the addition of Andrew Yang, entrepreneur and former Democratic presidential candidate, to its advisory board. Press release on the announcement here.
* Enovox, LLC, a minority-owned and led business consulting firm, has announced a multi-million-dollar strategic investment in ImIn, Inc., a minority, woman-owned and led tech start-up, to fuel innovation and growth in their respective technology services industries. Press announcement here.
* Winners of the Revvy Awards were announced this week during the Fintech & Insurtech Generations conference in Charlotte. Winners include:
* Birmingham, Alabama-based Condoit, an electric management startup, announced a rebrand. Read about it all on LinkedIn and on Condoit’s website.
* Atlanta-based PrizePicks, the largest daily fantasy sports operator in North America, announced today the launch of The Esports Lab, a digital product aimed at educating new audiences on the world of esports. More on the announcement here.