This week was a hot one for most of the Southeast, with a record Heat Wave gripped many parts of the region. But startup funding was pretty cool this week. Here are the big funding headlines…and a few other important news stories….that you need to know this week:
Funding News
* Mapt, an Asheville, North Carolina-based college admissions counseling app, is the latest startup to join Primordial VC’s portfolio. Details can be found here.
* Launch Tennessee’s $70-million equity investment fund, InvestTN, made an investment into SpendCare, a Franklin, TN based financial technology firm serving the in-home care industry.
M&A News
* Satisfi Labs, a Tampa-based AI-powered Conversational Experience Platform for destinations and experiences, is acquiring an omnichannel marketing automation platform Factoreal. Satisfi Labs works with 500+ clients in sports, tourism, and entertainment and has answered over 50 million customer queries to date. Details on the press release and can be found here.
* Cary-based health platform Truentity Health announced a merger with Chapel Hill-based IndyCare Health. News about the pharmacy-related startup acquisition can be found on GrepBeat.
In Other News…
* CleanSpark Inc. (Nasdaq: CLSK), America’s Bitcoin Miner™, today announced it has entered into definitive agreements to acquire five turnkey bitcoin mining facilities in rural Georgia for a cash payment of $25.8 million. The purchase is expected to close immediately, with the operating hashrate of the combined facilities anticipated to exceed 3.7 exahashes per second (EH/s) upon full installation of the latest generation S21 pro miners.
* Bicycle Health, the nation’s largest provider of virtual opioid addiction treatment, announced a research pilot with North Carolina-based OpiAID, a company that uses wearable technology to offer real-time monitoring, biometric insights, and machine learning algorithms to help support opioid use disorder treatment.