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

Ballast Point Ventures Announces Majority Recapitalization of YPrime

Tampa, FL – February 7, 2019 Ballast Point Ventures II, LP (“BPV”) is pleased to announce that Flexpoint Ford has led a majority recapitalization of BPV portfolio company YPrime, a global leader in cloud-based eClinical solutions. Ballast Point Ventures II has retained a substantial minority stake in the Company, and BPV Partner Matt Rice will continue to serve on the Board.  BPV II originally invested in YPrime in 2013 to … Continue reading

Jeff Vinik’s deep dive on stocks, startups and ‘Florida man’

Source:  St. Pete Catalyst By:  Margie Manning Drew Graham (left), managing partner, Ballast Point Ventures, interviewed Jeff Vinik at the Florida Venture Capital Conference. (Photo credit: Stuart Rudolph, ScaleUp Executives) ____________________________________________________________________________________________ Jeff Vinik opened up about getting back into money management, his investment philosophy and the infamous “Florida man” during a candid interview at the Florida Venture Forum’s Venture Capital Conference. It was the first public interview Vinik has done since … Continue reading

Ballast Point Ventures Leads Series A Investment in SkuVault

November 21, 2018 – Ballast Point Ventures is pleased to announce a growth equity investment in SkuVault, based in Louisville, Kentucky. BPV led the $8 million Series A investment with participation from Poplar Ventures and Endeavor Catalyst. SkuVault will use the investment to amplify marketing efforts, add to the sales force, and further enhance its software product offering. SkuVault provides a cloud-based inventory and warehouse management software platform designed primarily … Continue reading

AVOXI Raises $10 Million from Ballast Point Ventures

Source:  AtlantaInno                                                                                                                                          … Continue reading

Venture capital gains ground around Tampa Bay

Source:  Tampa Bay Business Journal  By:  Margie Manning In the nearly one year since Ballast Point Ventures in Tampa invested $4 million in venture capital in Symphonic Distribution Inc., the digital music distribution company in Tampa has been able to make moves needed to scale the business. Symphonic hired key employees with management experience that allows Jorge Brea, founder and CEO, to focus on growth, while also gaining a partner that … Continue reading

Revealed: Billboard’s 2018 Indie Power Players

Source:  Billboard By:  Billboard Staff When independent record executives gathered at the Libera Awards in New York in June to honor their label’s best releases, they had more than artistic achievement to celebrate. Independently owned labels — ranging from small, artist-owned imprints to multimillion-dollar organizations like BMG, Big Machine Music Group and Concord Music Group — now claim 37 percent of the U.S. recorded-music market, according to a report released by MIDiA Research … Continue reading

Astroball > Moneyball

Regular readers know that we’ve often covered the limits of decision models, the importance of chemistry, and what makes a team work well together.  And that we’re baseball fans (especially of our Rays). A recent review of “Astroball” in The Wall Street Journal. covers that same ground with the terrific story of the 2017 World Series champs.  Astros GM Jeff Luhnow figured out how to get scouting and analytics to work together and … Continue reading

Growing Capital In the Corridor

Source:  Florida High Tech Magazine Home to more than 383,000 millionaire households and 34 people on Forbes’ list of the 400 richest people in America, Florida has ample funding available. While success stories from across The Corridor exhibit how startups like Orlando’s Fattmerchant, Tampa’s Morphogenesis and Gainesville’s Captozyme have tapped into such wealth, the reality is most entrepreneurs struggle in an increasingly competitive environment. Fundraising has accelerated rapidly in recent … Continue reading

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