VentureSouth, an early-stage investment organization based in Greenville, announced July 15 it invested over $5.5 million in 24 early-stage companies throughout the Southeast in the first half of 2024.
This year’s investing included focusing on 20 existing portfolio companies, such as 6AM City and KIYATEC in Greenville and Trio Labs and Redbud Labs in Raleigh.
VentureSouth added four new portfolio companies, including:
- Phinite of eastern North Carolina – Turns animal farms into renewable fertilizer mines.
- MPath Health in Winston-Salem, North Carolina – Uses automation to improve the performance of health care systems.
- UrbanSDK in Jacksonville, Florida – A traffic management software company that works to help state and local governments better understand their traffic flows.
- Seafarer Exploration of Tampa, Florida – An underwater archaeology technology company.
“While signs are pointing to its improvement, 2024 has been a challenging year for companies raising capital in our region,” said Paul Clark, managing director of VentureSouth. “Thus, we are proud to have devoted support and funding to our portfolio companies to help them continue to thrive. We look forward to continuing this support for the rest of 2024.”
VentureSouth also launched new groups in Savannah, Georgia and Melbourne, Florida, conducted educational workshops across the southeast and helped curate and launch the Upstate Upstarts list of early stage technology companies in the Upstate region.
For more information, visit venturesouth.vc.
