Venture & Innovation
Stories about local business ventures and innovation.
The Raleigh-based healthcare launches Rex Health Ventures, an investment fund, and is seeking another $10 million from other backers. Veteran investor Merrette Moore is advising Rex. Other startup programs include a grant program, a technology facilitator and a leadership exchange program.
More consumers than ever will be searching for bargains online, using their smartphones, iPads or PCs at home with e-commerce expected to generate more than 5 percent of overall sales. ChannelAdvisor, a Triangle-based company, is helping fuel that growth by supporting numerous major retailers such as Amazon, Victoria's Secret, Saks Fifth Avenue, Office Depot and Dell.
Bandwidth.com is rolling out a wireless calling and data service through a subsidiary called Republic Wireless. It utilizes an Android-equipped smart phone that costs $99. Unlike cellular service, the Republic offering blends Wi-Fi and cellular.
Contrary to rumors and speculation about a possible demise, Wakefield Group is open for business, Steve Nelson stresses. ‘Doing great, especially all things considered,’ he says. Wakefield recently made an exit from one investment, remains active in others.