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Chantal Allam

North Carolina Startup Lands Another $8M For 'Keep-In-Touch' App

Two years after launching, this North Carolina startup has quadrupled revenue and hit 2,000 paying customers. Meet Real Magic, the Raleigh-based software company founded by serial entrepreneur and Triangle startup scene fixture, Jesse Lipson. This week, the four-time 43-year-old founder confirmed that Real Magic has

VentureSouth's Matt Dunbar

VentureSouth invests $9.2M in 26 early-stage startups in the Southeast

Even during a pandemic, the deals keep flowing for VentureSouth. The angel investment group, headquartered in Greenville, S.C., invested roughly $9.2 million in 26 early-stage companies in 2020. That's down from $12.7 million in 28 companies in 2019, a "record-setting" year.

After 20 years of bootstrapping, Durham-based ProcessMaker raises $45M to scale

After 20 years of bootstrapping, Durham-based ProcessMaker raises $45M to scale

ProcessMaker isn’t an overnight success story. But after 20 years of bootstrapping and numerous iterations, the Durham-based company is finally claiming a large stake for itself in the automation market. This week, it confirmed that it has raised a whopping $45 million in Series A funding from Virginia-

Durham startup raises $1.5M to scale as demand spikes in digital health

Durham startup raises $1.5M to scale as demand spikes in digital health

The pandemic has accelerated a shift to digital healthcare, and this Durham startup is reaping the rewards. Pattern Health, a Durham-based mobile health startup that offers software to track patients’ progress and medication adherence, says it’s raised $1.5 million in new funding to scale operations as demand

North Carolina MedTech startup, backed by NBA legend Charles Barkley, lands new investors

North Carolina MedTech startup, backed by NBA legend Charles Barkley, lands new investors

North Carolina-based entrepreneur Ashlyn Sanders says she wrote NBA legend Charles Barkley “on a hunch.” She’d just seen him appear as a guest on ABC’s Season 10 of “Shark Tank,” and she wanted to tell him about her MedTech startup. Much to her surprise, he replied back.

How SC investors saved this electric bus company now going public

How SC investors saved this electric bus company now going public

Back in 2010, Proterra was on the brink of financial ruin. The electric vehicle (EV) technology company was running out of money as it waited for $8 million from its main source of funding, MK Energy and Infrastructure of Stamford, Conn. “At a couple of different points, we were within

New Investment Will Help Durham CleanTech Startup Improve How We Get Clean Water

New Investment Will Help Durham CleanTech Startup Improve How We Get Clean Water

A women-led cleantech startup is getting ready to pilot its “game-changing” water purification technology after landing $700,000 in funding. NALA Systems, headquartered in Durham, North Carolina, says it has developed new reverse-osmosis membranes that could cut the cost of water desalination by up to 40%. This