Look out California and New York, Tennessee is on the rise and it’s attracting women entrepreneurs with really interesting businesses. Launch Tennessee’s (LaunchTN) is a public-private partnership focused on supporting the development of high-growth companies in Tennessee. An impressive 30% of graduates from its recent masterclass, which draws from nine accelerator programs across the state, are female founders.
Memphis Business Journal
A Memphis-based device company has received a $4.6 million investment for its latest product. Ariste Medical has received the funding to continue development of a drug-eluting hernia mesh intended to reduce the risk of intra-abdominal infection. After hernia surgery, the risk of infection ranges from 8 percent to 40 percent, depending on complexity of the case.
A Nashville-based startup company is giving University of Alabama business students the opportunity to work on a program that will streamline immunization forms for incoming students. Med+Pass Health LLC is a startup company founded in 2014 by UA alumnus Hallett Ogburn, CEO; Jim Wills, president and CFO; and Kevin Bond, adviser alongside students of the UA MIS program. It is an immunization-data collecting technology company that works with health centers to collect and verify health information by digitizing paper-based medical and insurance forms and storing them into a cloud.
Startups in Memphis have seen some serious funding dollars spent this spring. The following startups represent a good chuck of startup seed and series A round funding to the following companies…
Memphis Daily News
The funding announcements keep rolling in for startup teams that participated in Start Co.’s 2014 round of accelerator programming. To date, teams that went through the 2014 round hosted by Start Co. – which is a month away from launching this year’s cohort of accelerators – have raised more than $1.8 million in follow-on funding. That funding was secured starting from the team’s Demo Day presentations, where startup founders pitch to potential investors, onward.
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