A small group of local entrepreneurs has taken to crowdfunding platform indiegogo to raise money for the buildout of social media network Flock, which aims "to build a social utility to empower visionaries and problem solvers around the world to connect and create solutions to the world’s biggest problems." Flock was co-founded last year by coach and consultant Zachary Hamilton and Mark Filaroski, who previously founded and built Inc. 5000 electronics and office supplies reseller CompNation.
“Flock’s platform can monetize time, talent, and treasure through crowdsolving,” said Mark Filaroski, Flock co-founder/chairman and technology start-up advisor. “I’ve built very successful businesses and there is gratification in those successes; but, Flock’s potential reaches beyond monetary success. Flock can create transparency in a world that needs answers, solutions, and the platform to tell the story thereby creating a better world for my daughter and future generations.”
Check out the venture's site here.
Local investment firm Relevance Capital has teamed with Grotech Ventures out Virginia to put $6 million into PassportParking, which markets software for parking companies and consumers who can use their mobile phones to pay. PassportParking, which is based in Charlotte, was founded in 2010 and fits right into Relevance's cloud-based software sweet spot.
Nashville-based eMids Technologies has secured its first institutional investment, a $13.3 million round from Council Capital and Robert W. Baird's private-equity group. President and CEO Saurab Sinha tells E.J. Boyer he plans to use some of the cash to buy other health care technology consulting firms: "Given the momentum in the industry and what we were seeing our competitors do, we felt like we had a window to grow even more rapidly. That's sort of made us decide in going down this route and being a little more aggressive about this state of growth."
Local investment firm Epiphany Health Ventures has pumped no less than $30 million into COPE Today, a North Carolina-based provider of web-based mental health services, reports the Triangle Business Journal. COPE Today patients can obtain counseling via live chat, secure messaging, telephone or a video connection. The Epiphany team of heavy hitters — led by Harry Jacobson, Duncan Dashiff and Charlie Martin — is moving COPE Today's headquarters to Middle Tennessee and plans to invest in scaling the six-year-old company's technology under the newly formed Mindcare Solutions Group umbrella.
With the cash infusion by its new owner, Malik, who has stayed on as a board member and consultant, says she hopes to take the service to the next level – the military.
“We have attempted to work with the military,” she says. “We have felt the military has not been ready for some of the things we would like to offer.”
But that was before. Epiphany has a veteran on its payroll. “So we’re hopeful,” she says.
Nissan has formed a three-person Marketing Innovation Lab that will seek to bring some of the car maker's money and muscle to start-up companies. For starters, Nissan is investing $50,000 in advertising on Stadium Stock Exchange's website and providing some marketing advice to help the fantasy football play out of the Entrepreneur Center gain traction.
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