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

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

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