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Newsletter Edition #1223: Merger In The Startup Transit World

A transportation tech merger, a restaurateur’s move into software, and a new Metro Atlanta headquarters lead today’s news. Plus, a sneak peek at what stories we are working on (hint: we might be looking to talk to you!).

Today's top articles include:

Let's get reading.

This edition of Hypepotamus is brought to you by Live Oak Bank.

The Big Headline: Beep, an autonomous vehicle company out of Florida that has been expanding its footprint in Atlanta recently, announced it is merging with another Florida-based electric microtransit startup that will employee nearly 1,000 people. We explore the deal...and what it means for local transportation options...here.

Startup To Watch: Restaurant owners need better answers. After decades of building Atlanta dining concepts, Gilbert Yeremian is launching ROB, an operating partner designed to uncover costly leaks, anticipate staffing and payroll challenges, and ultimately guide restauranteurs to make smarter decisions. One early user says it identified nearly $1,400 in monthly food-cost losses in just six weeks. Meet the industry veteran turning hard-earned experience into restaurant tech.

Read more here.

Growth-Stage News: A decades-old technology company serving more than 90,000 churches and nonprofits has moved its headquarters from Knoxville, Tennessee, to Metro Atlanta, bringing its executive operations closer to the region’s tech talent pool. What does it mean for the the company Ministry Brands moving forward? Read more here.

Live Oak Bank's (NYSE: LOB) Venture Banking team provides non-dilutive growth financing that complements equity, along with tailored banking solutions, for venture-backed B2B software and healthcare companies at every stage of their financing journey. We understand entrepreneurs because we are entrepreneurs. Member FDIC.