Posts tagged “Startups”
Zift Solutions, a provider of channel marketing automation solutions, keeps growing through acquisitions. The RTP-based firm has acquired SharedVue, which had been part of The Channel Company. It's Zift's second buy of a competitor within the past year.
Medfusion is still wrestling with Allscripts in a lawsuit matching the Cary-based David against the Chicago-based health Goliath. But that dispute isn't keeping Medfusion from growing, says founder Steve Malik. The electronic medical records firm closed last week on $3 million in venture capital, is growing quickly, adding products, hiring more people, Malik tells WTW.
On Tuesday, Silicon Valley-based IXL, an education technology company already with global reach for its products and services, disclosed the opening of its first East Coast office, picking Raleigh. The company also is hiring with nine jobs available and more to come. Why come to Raleigh? An IXL exec explains for our Insiders.
The summer doldrums certainly didn't hit the red-hot Triangle startup scene. Seventeen deals closed, representing more than $65 million in financing. But that total doesn't include the $91 million raised for a new fund at Hatteras Venture Partners or the $25 million pulled in by Spoonflower. So quite a hot month for deal-making, eh? Compared to last two quarters, which were good, the third quarter (including $50 million in July) is sizzling.
David Jones and Jason Caplain of Bull City Venture Partners have known Steve Malik and Vern Davenport for years. So when Bull City had a chance to invest in a new round of capital being raised by Malik and Davenport at Medfusion, they jumped in.
The news from GroundFloor on Tuesday that the startup has secured SEC approval for microlending in real estate to so-called "non-accredited investors" reflects a sea change that's coming in the business of capital raising, says a veteran Raleigh tech-focused attorney. Venture capitalists and banks are getting a lot more competition.
Steve Malik, who sold medical records and services firm Medfusion to Intuit for $91 million in 2010 and bought the company back in 2013, continues to push ahead with new products. And he's just raised $3 million in venture capital for a fresh cash infusion.
Triangle-born crowdfunding startup GroundFloor is preparing to launch sales of securities to non-accredited investors across eight states after securing approval from the SEC for peer-to-peer microlending.
IXL Learning, an education technology firm based in Silicon Valley, is opening an office in Raleigh. And the company is hiring. It's the first East Coast presence for the firm. IXL already has a number of clients in North Carolina.
A pair of UNC and Duke students, and Robertson Scholars, partnered to launch skincare startup Carpe. Their antiperspirant lotion for sweaty hands hit the market in July, reports Amy Huffman for ExitEvent.
Durham-based Scioderm will be acquired by Amicus Therapeutics of Cranbury, N.J., for $229 million, and the deal could grow to nearly $1 billion if Scioderm's lead drug compound achieves certain clinical, regulatory and sales milestones.
Raleigh-based Betaversity will begin national expansion of its EdTech platform with a "BetaBox" coming to St. Louis in 2016, report Laura Baverman and Shannon Cuthrell of ExitEvent.
Triangle tech calendar: Crowdfunding meetup; Innovate Raleigh; CED Tech Venture, WTW's Internet of Things - and more
Crowdfunding legislation has yet to pass in North Carolina, but there's a growing group ready to cash in: NC Triangle Crowdfunders. They are participating in SparkCON. In fact, September is going to be very busy with CED Tech Venture, Innovate Raleigh, WRAL TechWire's Internet of Things event - and many more. Check out the details.
Its revenue has skyroccketed over the past three years; it has landed a big Boston investor and $25 million in cash - including money from Bull City Ventures. And now Durham-based Spoonflower is aiming even higher. The company wants a chief financial officer with - you guessed it - IPO experience. "Special bonuses also are available for the right candidate." They'd love to hire someone with Triangle connections, too. This is one very fascinating job description. Plus they have a host of other openings.
Ziptronix, a semiconductor firm spun off from RTI International which raised more than $30 million over the years in venture capital, has been sold to a Silicon Valley firm for $39 million. The RTP company has been a pioneer in development of 3-D chip technology.
Next month's CED Tech Venture event already has commitments from more than 50 venture capital, angel groups and investors to be on hand looking for possible deals. Durham-based Spoonflower just landed a $25 million investment that its founders link directly to meeting investors at last year's show. Will deal lightning strike for other startups?
The co-founders of Durham startup Spoonflower are stitching together quite a success story. Focusing on custom fabrics and other products ordered by customers online, Spoonflower has just closed on $25 million. And its co-founders have big plans for the future.
- US stocks drop; mixed jobs report clouds rate outlook
- US jobless rate falls to 7-year low; Fed move still unclear
- White-collar, tech salaries expected to increase next year
- Institute for Emerging Issues picks 5 NC cities for economic development program
- Toyota to invest $50M in car-tech research at Stanford, MIT