Momentum’s founder and CEO Jessica Mitsch confirmed that the transaction closed on Wednesday. She said the injection of funds would go towards strengthening its existing program, which offers immersive full-time and part-time courses to people looking to start a new career in technology.
Read MoreThis is the third in a series exploring the telehealth sector and the Triangle-based companies behind its rise as a complement to traditional healthcare delivery. Check out previous articles and videos here. On the surface, telehealth startups are just like any other startup. They seek to disrupt an industry using new technologies. They compete for the same capital, talent and visibility. And they seek financial sustainability and profitability so they can add jobs and create value in the world. They also face the same barriers to scalability—funding (or the lack there-of), capacity and market demand. But unlike other startups, after...
Read MoreLast year, the RTP-based biotech company Humacyte raised $150 million, raking in the largest life science investment and the second largest of all deals in North Carolina in 2015. The company took an unusual—but increasingly more common—path to raise the funds. Rather than approaching venture capitalists or angel investors, executives signed on as investors 27 family offices from places as far flung as Hong Kong, Dubai, Russia and Kuwait. Only a few investors were from the U.S. Humacyte’s story is significant because it highlights several trends in North Carolina’s startup ecosystem, all of which contributed to a blockbuster 2015 that brought nearly $1.2...
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