Sarah Lacy, whose Pando team is co-organizing next week's Southland conference at Marathon Music Works, says she has accidently exceeded her goal of having 10 judges for the event's startup pitch competition. The 11th investor to commit is Paul Judge, an executive at Barracuda Networks, which means the winning startup team will get the opportunity to negotiate for a $110,000 investment.
Year-old YouScience, which helps people map out their college and career plans, has landed $300,000 in funding as part of a plan to raise $1 million. The new cash comes less than a year after the company raised more than $5 million to get things going.
SEE ALSO: The company's website
The developers of InvisionHeart, a software application that lets cardiologists access electrocardiogram information through their smartphones or tablets, have received $100,000 from AOL founder Steve Case. The investment came at the end of Google For Entrepeneurs demo day in Silicon Valley and gets the InvisionHeart team several steps closer to its Series A goal of $1.25 million.
Local investment firm FCA Venture Capital has put $4 million into a Chicago-based software company that helps hospitals improve their supply chain operations. Procured Health is being led by former McKinsey & Company consultant Hani Elias and will now be advised by former HealthTrust boss Jim Fitzgerald.
Progressive healthcare providers have demonstrated that effective product analysis and outcomes-driven sourcing can reduce costs by more than 30% across multiple service lines. Procured’s web-based solution enables hospital systems and caregivers to improve both clinical and financial performance by incorporating evidence into their procurement strategy, driving vendor competition where outcome differentiation is unproven, improving utilization and physician compliance, and leveraging scale.
Nashville-based Jumpstart Foundry was named one of the 15 best business accelerators in the nation, according to CrunchBase data and original reporting presented Monday at SXSW. MIT professor Yael Hochberg and Susan Cohen of the University of Richmond and the University of Virginia compiled the results, ranking Jumpstart 14th.
The accelerators were measured using several criteria, including the valuations their portfolio companies achieved in the years after graduation, the number of exits an accelerator had, the ability of companies to receive additional financing after they left the program and opinions of venture investors and graduation entrepreneurs.
Just last month, the business incubator became an independent entity after leaving Solidus.
Find CrunchBase's full list here.
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