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October 29th, 2015

October 29th, 2015


Brentwood-Based Healthspek Eyes $1.5MM Series A Capraise
Venture Nashville Connections
The Brentwood startup has raised $1.25MM in capital since its inception as the provider of a consumer health platform with a free personal health record (PHR) that has begun getting penetration in both branded and private-label forms. Healthspek’s free consumer-facing healthcare dashboard can be customized to support monitoring and action-notifications related to specific topics and multiple family members; and, some of the company’s corresponding channel partnerships can become sources of revenue. Individual widgets may be incorporated in a consumer’s dashboard for monitoring data, or to gain access to goods and services. For example, one widget — or “spek” as its called — is used to help consumers locate urgent care centers in a given community.

Enterprise Center Announces Society of Work to Move to Edney Innovation Center
The Chattanoogan
The Enterprise Center is proud to announce Society of Work, Chattanooga’s only membership-based coworking space, will relocate to Floor Six of the Edney Innovation Center. Society of Work is on a growing list of companies located in the heart of Chattanooga’s Innovation District, including most recently H&D Corp., Open Table, SouthTree, and White Board. Additionally, Society of Work will be the third tenant so far in the Edney Innovation Center, a public-private partnership located at the corner of Market and 11th Street. “The Edney Innovation Center is the front door of our Innovation District, serving as a connection point, support base, and catalyst for the local entrepreneurial ecosystem,” said Mayor Andy Berke. “As a local leader in collaborative work spaces for entrepreneurs and startups, Society of Work is a perfect fit for the Edney and is an asset to our growing Innovation District.”

LeanKit Home Tour: Where History Meets People Making History
Maybe I just expected a lean process and workflow management software company with global presence to be in a ‘real’ building when I initially drove past the headquarters of LeanKit, located in downtown Franklin. After rechecking the address twice, I realized that one of these historic houses, sandwiched between some antique shops, is actually home to the organization that, just days before my visit, announced the acquisition of Firefly Logic. Visible from the sidewalk is the sign for the ‘Eelbeck-Johnson House,’ built in 1820.  The Eelbeck-Johnson House is one of the homes that served as a hospital during the Battle of Franklin in the Civil War.  The house is still standing, and it is also the home of LeanKit.

Mo’s Bows Named One of TIME’s “Most Influential Teens”
Memphis Daily News
When one of Memphis’ youngest CEOs took the first steps toward what would become his internationally recognized company Mo’s Bows, he did it under the watchful eye of his grandmother, who showed him how to use her scrap fabric to make and sell his own ties. Moziah Bridges was only 9 then. And he didn’t have know what his little enterprise would grow to become or where it would take him. Underscoring the improbability of his entrepreneurial journey, TIME Magazine this week named 13-year-old Bridges one of the “30 Most Influential Teens of 2015.”

Orgill to Build World Headquarters in Collierville
Memphis Business Journal
A Memphis-based company with a more than 150 year history will make a $21 million investment in Collierville. Governor Bill Haslam and Randy Boyd, economic and community development commissioner, announced that Orgill Inc. plans to build its new world headquarters in Collierville. Situated on the east side of Houston Levee Road between Winchester Road and Highway 385, the 100,000-square-foot building will create 115 new jobs with average salaries of $65,000. An additional 300 employees will relocate from Germantown to Collierville with annual salaries of more than $80,000. Orgill was founded in 1847. The company is an international distributor of hardware and home improvement products.

Variable Inc. is launching a color organization app at NeoCon East that fits a room full of swatch books into the pockets of interior designers who need to specify colors for a wide range of building materials. Called Color Elements, the mobile app allows interior designers to identify a color and specify by manufacturer the exact match and complementary colors in paints, carpeting, tile and stone, leather, contract fabrics, upholstery, laminates and resilients. When paired with Variable’s NODE+chromaPro™ device about the size of a roll of quarters, anyone can instantly and accurately measure a color and seamlessly transmit the data via Bluetooth to a smart mobile device. Variable, a Chattanooga, Tenn.-based company that invented and manufactures the NODE+chromaPro system, is demonstrating Color Elements at booth 1619 of NeoCon East held at The Pennsylvania Convention Center in Philadelphia on Oct. 28 and 29.

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