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February 11th, 2016

February 11th, 2016

TENNESSEE INNOVATION IN THE NEWS

Brentwood Skin Care Venture Raises $30M+
Nashville Post
A Brentwood-based company that buys and runs dermatology and skin care practices has raised more than $30 million from an investor group led by Cressey & Co. and Apple Tree Partners out of New York. Milt Capps has the story at Venture Nashville on Qualderm Partners, which launched quietly last year and already has stakes in three companies in North Carolina. Leading the company are Bill Southwick, the former Healthmark and Rehab Documentation CEO, as well as Chairman Gene Fleming (formerly of HCA and Cogent Healthcare, among others) and CFO Susan Brownie, who held the same position at Cogent and HealthStream.

GIGTANK Relaunches as Year-Round Startup Accelerator, Adds 10 Gbps Internet Service
The Chattanoogan
GIGTANK, a local startup accelerator and annual production of The Company Lab, is relaunching as a year-round program May 16. The accelerator, which supports entrepreneurs developing applications and business models that leverage gigabit networks, will now go by GIGTANK 365 and add focus areas in 3D printing, software defined networking and healthcare. In conjunction with this development, municipal power distributor EPB will provide 10 gigabit-per-second Internet service to The Company Lab at its new location in the Edney Innovation Center, where GIGTANK 365 will take place.

Martin Ventures’ Bet on Carena Telemed a Signal for Nashville HealthIT?
Venture Nashville Connection
Martin Ventures’ investment in Seattle-based Carena’s virtual clinics business merits the attention of Nashville healthcare providers and techies who support them. The Nashville-based VC last summer invested an undisclosed amount in the white-labeled telemed services provider’s $13.3MM Series B raise, bringing total equity and debt raised since Carena’s inception to more than $33MM.

Memphis Slim Collaboratory Serves as Music Incubator
High Ground News
Anyone questioning where the music is in Memphis need look no further than Soulsville, USA. The Memphis Slim Collaboratory, known affectionately as the Memphis Slim House by the artists who call it home, serves multiple functions for the Memphis musicians. It opened in April 2014 at 1130 College St., just to the east of the Stax Museum of American Soul Music. “We want to make sure musicians get a clear understanding before they go to Royal or Ardent,” said Isaac Daniel, Memphis Slim House Manager. “This should be an incubator to help people be more serious before going to studios.”

What has Surprised Lyft About its New Nashville Employees, as it Looks for Hundreds More
Nashville Business Journal
Less than five months in, San Francisco-based ride sharing company Lyft is almost a third of the way toward its goal of 400 Nashville employees, with about 120 team members on board at its downtown office. “I think what we’re really trying to do is just get the word out about just the volume of openings that we have,” said Jennifer Brandenburger, a San Francisco transplant who moved to Nashville this fall to launch the office. Those openings are primarily in customer experience roles, Brandenburger said, along with some higher level management and support functions related to the customer experience teams.

Why is Nashville Perfect for Medtech Innovators, Investors and SEMDA 2016?
SEMDA
Since 2004, SEMDA has worked to improve the networks of medical device companies in the southeast and provide them with resources to grow. While our annual conference has drawn hundreds of professionals to our home base in Atlanta every year, we decided it was high time to walk the regional walk and take the conference “on the road.” For the first time in our history this year’s SEMDA Conference, “Making the value case to stakeholders,” will be held in Nashville. Why Nashville? Here are the top three reasons Nashville makes a perfect meeting point for the medtech innovation community at SEMDA 2016, May 1719, 2016.

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