Startup rewind: Raising cash during COVID-19; new accelerator; 6 startups land $50K grants + many more headlines – WRAL Tech Wire
As part of our “Startup Monday” coverage, we recently launched a new weekly column that summarizes local startup news coverage over the past week. Here’s the latest digest. (Read last week’s edition here.)
Lots of startup news grabbed the headlines last week: A new accelerator is seeking startups in the Triangle for its first cohort; Launch Chapel Hill graduated its 13th class of startups; Durham-based Neu Concepts created an office design that’s compliant with social distancing; Raleigh startup OnPoint is opening its high-tech shooting center this summer; Durham-based Kriya Therapeutics landed an $80 million Series A round; NC startups may be cash-strapped, but they’re finding a lifeline through crowdfunding; six startups received $50,000 each in NC IDEA’s latest round of SEED grants; NC startup LayOffers teamed up with ZoomInfo to help millions of displaced workers find jobs.
Here’s a recap of 20 startup news headlines from last week:
Monday | May 11:
- Here’s our latest wrapup of upcoming conferences, contests, workshops, application deadlines and socials happening across North Carolina in May. Many events have moved online due to COVID-19 social distancing.
- Startups, including those that are still pre-revenue, have a new opportunity for funding, mentoring and support from a recently launched accelerator that is seeking applications from firms in the Triangle.
- Plenty of technology and life science events and deadlines are on tap for June. Here’s the latest roundup.
- WRAL TechWire just added some important coronavirus funding resources to our Triangle Startup Guide. Check it out.
- Our new “Startup Rewind” column summarizes startup and emerging venture news coverage over the past week. Here’s the latest edition.
- Welcome, TechWire readers and followers, to Startup Monday. So what is it? Read on.
- Our latest exclusive events wrapup summarizes the must-attend happenings across the Triangle in May, including industry-specific meetups, informative workshops, conferences, panels, and more. Here’s the latest, adjusted for coronavirus cancellations and changes.
- Scores of organizations hold regular meetups across the Triangle. Here is the latest list.
Tuesday | May 12:
- Office workspaces evolved from desks to cubicles to wide-open spaces with standing desk to … what in the days of social distancing and health fears triggered by the COVID-19 pandemic? A Durham company believes it has the answer.
- Two Raleigh-based IoT startups, WISER Systems and TagoIO, will demo their location-based asset tracking solutions during an upcoming webinar hosted by IoT news publication Sensors Daily. The integration can be used for a range of applications, including COVID-19 contact tracing.
- Nine local startups will conclude their 16-week experience at Launch Chapel Hill this week by pitching their products and services to a virtual audience. The accelerator’s 13th cohort is tackling a wide range of markets, from veteran support to nonprofit fundraising to children’s books. Here’s a look.
- At least 1 billion people worldwide have impaired vision that could have been prevented or has gone untreated, according to the World Health Organization. A North Carolina startup has plans to help address that huge problem.
- They blended their workplace experiences to launch a dream. Now nearly a decade later their vision could be establishing their Durham entrepreneurial venture as a leader in the post pandemic office marketplace.
Wednesday | May 13:
- Series A investors include QVT, Dexcel Pharma, Foresite Capital, Bluebird Ventures (associated with Sutter Hill Ventures), Narya Capital, Amplo, Paul Manning, and Asia Alpha.
- Raleigh startup OnPoint is getting ready to launch a new high-tech, “family-friendly” shooting center in Raleigh this summer with new patent-pending technologies. Among them: auto-scoring targets, immersive audio guidance and its own digital profile app.
Thursday | May 14:
- CrowdfundNC has launched the COVID-19 Revenue Share, with the aim of empowering North Carolina’s communities to invest in their local mom-and-pop shops during this pandemic.
- NC IDEA today announced the selection of six NC IDEA SEED grant recipients, awarding a total of $300,000 to six startups across the state of North Carolina. We’ve got the details.
- Revenue is challenged, cash reserves are dwindling; and more layoffs are just around the corner. This is the bleak picture being painted for startups around the country, but in North Carolina, the view on the ground, at least at this moment, is more nuanced.
Friday | May 15:
- Marking the final installment of Venture Connect Online, 21 life science and fintech startups will take the virtual stage on May 18 to pitch their innovations. Six companies are part of Charlotte’s Queen City Fintech accelerator. The others are focused on therapeutics, disease prevention and pharmaceutical treatments.
- NC startup LayOffers says new partnership allows hundreds of thousands of recruiters to be connected in real-time with candidates laid off during the pandemic.