Logo design venture LogoGarden has raised $750,000 from venture capital firm FCA and is looking to drum up another $1.15M as its leaders seek to position themselves not just to grow further, but also to set themselves up to be acquired in a few years. Founder and CEO John Williams tells Milt Capps at Venture Nashville he is looking for a deal before 2018 comes around.
Launch Tennessee CEO Charlie Brock plans to in the coming year work to better connect the various angel investing groups around Tennessee. The strategy is part of the organization's fiscal 2015 workplan, detailed here by Milt Capps.
LaunchTN CEO Brock -- with his own track record as an entrepreneur, advisor and investor -- will doubtless be deeply involved in all this, with staff work led by LaunchTN Capital Formation Director Henry Gindt. Gindt's bailiwick also includes outreach to Corporate venture-capital arms, and supporting ECD's INCITE seed-funding program, in part by helping to identify follow-on investors for companies that win INCITE grants.
Three-year-old loyalty marketing venture textLIVING is close to having raised $1 million from a large group of investors as it prepares to launch serious biz dev efforts in Nashville and elsewhere in Tennessee. Milt Capps has that info and more at Venture Nashville Connections.
A Mexican company marketing a pre-paid debit card that connects to any smartphone or tablet won this week's startup competition at the Southland Southern Culture and Technology Conference. The company will receive $110,000 from the contest's 11 judges — with the stipulation that that money be the final $110,000 of a $4 million round that Sr. Pago executives plan to raising.
Sr. Pago was selected from a group of 10 early-stage companies that pitched at the conference. Its card will be sold at Best Buy or about $50.
“We were pretty surprised,” said Pablo Gonzalez Vargas, CEO of Sr. Pago. “As a Mexico-based company, we knew we would bring diversity to this conference, and it’s a very good thing for Southland to be this open to an international company.”
Separately at Southland, PandoDaily Editorial Director Paul Carr revealed that the staff of the website selected Nashville-based musical instrument maker Artiphon as their favorite company and said they will fork over a financial prize soon.
POSTDATA: WARRANTY DEEDS