TissueTech Raises $82 Million in Latest Round of Equity Financing

  Source:  TissueTech TissueTech, Inc., the pioneer in regenerative medicine utilizing human umbilical cord and amniotic membrane, today announced the closing of an $82.25 million round of Preferred C equity financing led by EW Healthcare Partners (formerly Essex Woodlands) and followed by the third round of continuous investments from Ballast Point Ventures. The funds will primarily be used to pursue regulatory approvals from the FDA for several of its development … Continue reading

Billboard’s 2019 Indie Power Players: The Execs Behind Drake, John Prine, Lauren Daigle and BTS

Source:  Billboard By:  Billboard Staff The independent music sector is larger and stronger than ever. As the American Association of Independent Music (A2IM) convenes Indie Week in New York June 17-20, executives and artists can celebrate the growth of the worldwide indie music business. Independent labels generated $6.9 billion in global music sales in 2017 (the most recent estimated figure), up from $6.2 billion the previous year, according to a report released … Continue reading

Charleston tech firm swells its inventory, moves to King Street, and doubles its workforce

Source:  The Post and Courier By:  Mary Katherine Wildeman   A communications technology firm has tripled its office space in Charleston on the heels of a first fund-raising round and a growth spurt. Avoxi’s CEO said it grew out of an office overlooking the Cooper River and plans to expand its team. The move comes as the company has put its focus on building its inventory. Avoxi provides an alternative … Continue reading

New addition to The Library in St. Pete

The latest addition to The Library in St. Pete is Unlocking Creativity – How to Solve Any Problem and Make the Best Decisions by Shifting Creative Mindsets, authored by Michael Roberto. As his interview in Forbes magazine explains, creativity doesn’t typically come from the lack of ideas, but from barriers in organizations that stifle creative thinking. This is the 3rd of Professor Roberto’s books to join our library, and the first one for which you can find both a brief … Continue reading

Why manners — and Southern etiquette — can make a difference in business

We saw this column by our friend, Frank Williamson of Oaklyn Consulting, in the Memphis Business Journal and thought it was excellent.  Frank captures well the way we, and many others in the Southeast, like to do business and both the importance and pleasure of focusing on building long term relationships.   COURTESY OAKLYN CONSULTING Frank Williamson is founder of Oaklyn Consulting, a Tennessee-based strategy consulting firm that has a … Continue reading

Startups Discover the Allure of the C Corporation

The individual income tax-rate cuts of the 1980s helped make LLCs the default business structure for startups – but the 2017 reduction in corporate tax rates, coupled with the capital gains tax rate increases in the 2010s, have changed the dynamic.   As last week’s Wall Street Journal explains in “Startups Discover the Allure of the C Corporation,” in some circumstances the ‘C’ structure creates potential tax benefits for entrepreneurs … Continue reading

St. Pete tech firm leads in female leadership

Source:  The St. Pete Catalyst By:  Margie Manning   Lanny Tucker, CEO, PowerChord, with Stephanie Shreve, vice president of customer success, and Michelle Tipton, vice president of finance.   PowerChord, a St. Pete software company, has bested other technology companies including Google and Microsoft in one key measure. Following several recent promotions, women account for 40% of the senior management at PowerChord, twice the percentage of female executives in leadership at … Continue reading

Prepaid Technologies Acquires dash™ Prepaid Purchasing Card Portfolio

Source:  Prepaid Technologies Deal more than doubles Prepaid Technologies’ purchasing card portfolio, adds exciting new product enhancements for the business payments leader BIRMINGHAM, Ala., March 20, 2019 /PRNewswire/ — Prepaid Technologies, a leading provider of business payment solutions, announced the acquisition of Karmic Labs’ dash™, the San Francisco-based purchasing card portfolio and expense management solution, as well as other select assets. The deal, which closed on March 1, 2019, adds several members of Karmic’s key … Continue reading

Ballast Point Ventures Announces Exit from MolecularMD

Tampa, FL – February 21, 2019 Ballast Point Ventures II, LP and Ballast Point Ventures I, LP (“BPV”) are pleased to announce that they have successfully exited their growth equity investments in MolecularMD, a molecular diagnostics company founded in West Palm Beach, FL. MolecularMD was acquired by ICON plc (NASDAQ: ILCR), a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries. Founded in 2006 by … Continue reading

Amped up: PowerChord delivers hit after hit for clients

Source:  Business Observer FL By:  Brian Hartz With its unique origin story and approach to e-commerce, the St. Petersburg tech company strikes a chord with multi-location brands and franchises. Can it manage rapid growth while maintaining its culture?__________________________________________________________________________________________________________________ PowerChord Inc., a St. Petersburg digital marketing company, comes by its cool name honestly. Prior to having a go at entrepreneurship in 2001, founder Pat Schunk played guitar for classic rock icon … Continue reading

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