Jumpstart group leads PandoDaily investment round

A group of investors affiliated with Jumpstart Foundry has taken the lead on a $1.2 million fundraising round for PandoDaily, the Silicon Valley news and event company. Sarah Lacy, the editor of the two-year-old site pictured here, says Jumpstart's role in bringing together the "unconventional group of investors" stemmed from her involvement with the Southland conference, which debuted last June.

$1.2 million is more than we initially set out to raise, and we are still wrapping up a few last conversations, so the final total may tick up to $1.5 million before it’s all done (I’ll update this post and our disclosure page if that happens). We were lucky to raise that money at a healthy valuation, which I won’t disclose, because no entrepreneur ever does if she can help it. The new investment brings our total raised to date to $4.2 million.

HT: Southern Alpha

Feb 18, 2014 7:02 AM

Jumpstart raises money, spins out of Solidus

Four-year-old business incubator Jumpstar Foundry is leaving the Solidus nest to become an independent entity. The venture has raised an undisclosed amount of money from an investor group led by Clayton Associates that will fund both its start-up program and its Jumpwerx arm that looks to stimulate innovation in established businesses. Twenty-one of the 27 JumpStart graduates are still around and have gone on to raise more than $11 million.

For Clayton, the investment rounds out the firm's lineup of investment vehicles. Chairman Stuart McWhorter says his firm “has always been passionate about seed and very early-stage investing. Our investment in Jumpstart provides our firm the opportunity to strengthen our presence in the seed stage investment cycle. It further enhances the continuum of venture capital investing by complementing our angel fund, Rolling Hills Ventures, and our venture capital fund, FCA Venture Partners.”

Feb 12, 2014 8:30 AM

Wealth Access raises $1.5M, looks for more

Investment management dashboard adds local big names to board
Feb 12, 2014 6:22 AM

More funding for Moontoast

Martin Companies follows up on year-ago investment in marketing venture
Jan 30, 2014 11:57 AM

MyOfficeProducts co-founder named managing partner at FCA

Portfolio manager rejoined Clayton VC arm in '09
Jan 29, 2014 6:36 AM

Health care software company Relatient receives first round of VC

Franklin-based health care software company Relatient announced Tuesday it has received its first round of venture capital funding. The investment was led by Jim Sohr, the former president of AIM Healthcare, and also included an investment from Nashville serial entrepreneur Joe Storey, most recently of WedMedx. The money will enable Relatient to expand its sales force and build out its messaging product lineup. Relatient co-founder and CEO Sam Johnson said in a release the company plans to expand its regional reach into a national footprint.

Jan 22, 2014 9:52 AM

Heritage leads telehealth venture funding round

Two others invest alongside local firm in Florida company
Jan 22, 2014 8:05 AM

FCA names principal

Research leader joined Clayton Associates VC manager in mid-2010
Jan 16, 2014 7:06 AM

Budding philanthropy social media network takes to crowdfunding

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.


Jan 8, 2014 6:47 AM

Heritage Group partners with NY firm in long-term care investment

Virginia company coordinates care for chronic, long-term patients
Jan 7, 2014 12:25 PM