Exclusive: Tampa’s Ballast Point Ventures closes fourth fund $35 million over target

By:  Lauren Coffey        Tampa Bay Business Journal   Tampa-based investment firm Ballast Point Ventures has closed its latest fund with $190 million in commitments. The firm’s initial goal for its fourth fund was $165 million, which it closed in January 2021. But interest from investors, both old and new alike, continued to climb. Institutional investors, family offices and about 50 entrepreneurs participated in the fourth fund, with … Continue reading

Leading Music Technology Platform and Distributor Symphonic Raises $37M, Led by NewSpring and Ballast Point Ventures

January 4, 2022 – Starting the new year off on a high note, leading independent music distributor and technology platform Symphonic Distribution announces that it has received a $37M Series B investment. Led by NewSpring and Ballast Point Ventures, the new investment comes on the heels of funding announcements by other industry participants, further solidifying investor interest in music technology and distribution. The financial milestone follows a string of exciting … Continue reading

Prepaid Technologies Secures $96 Million Growth Round Led by Edison Partners

Source:  Cision PRWeb Prepaid Technologies, a Birmingham, Ala.-based provider of prepaid digital payment solutions, today announced raising $96 million in new growth financing. Edison Partners, the growth equity firm, led the transaction, and StepStone Group (which recently acquired venture capital platform Greenspring Associates) co-led. Stifel Venture Bank, a Division of Stifel Bank, and Top Tier Capital Partners also participated. The company will use the proceeds to accelerate its market expansion and continue to advance its category-leading technology payments … Continue reading

Key Data Raises $5M Series B from Ballast Point Ventures

Ballast Point Ventures announced a $5 million Series B investment in Key Data Dashboard (“Key Data”), which provides benchmark and comparative market performance data for the vacation and short-term rental industries. Key Data’s platform integrates directly with property management systems to collect real-time reservation and booking data from 400,000 properties around the globe. “As a former property manager, I understood firsthand the difficulty of obtaining accurate and real-time pricing data across a varied … Continue reading

Carterra Takes Part in “Dousing the Pandemic’s Flames”

Source:  GEN – Genetic Engineering & Biotechnology News Neutralizing antibodies represent an important class of therapeutics that could provide immediate benefit in the treatment of SARS-CoV-2 or as a passive prophylaxis before vaccination. Passive prophylaxis also could be an alternative to vaccination in populations where vaccines have been found to be less efficacious.1 When AbCellera became a participant in DARPA’s P3 (Pandemic Prevention Platform) program in 2018, the aim was … Continue reading

Why entrepreneurs find Tampa Bay the right place to grow and realize their dreams

Source:  Visit Tampa Bay As with many entrepreneurs, Founder and CEO Jorge Brea’s dreams took root in his childhood home. He started Symphonic Distribution in a spare bedroom of his parents’ house in 2006. Symphonic helps independent artists and record labels get their music on streaming platforms and into the ears of listeners around the world. In addition to being named to the Billboard magazine Indie Power Players list in 2018 and 2019, Brea … Continue reading

PaceMate™ Closes Series A Financing to Accelerate Growth

Source:  BuisinessWire PaceMate™, the leading digital healthcare company in compliant cardiac data management, is pleased to announce a recent $8 million Series A investment led by Ballast Point Ventures. PaceMate™’s fully automated, bidirectional EHR-integrated platform—PaceMate™LIVE—is a comprehensive, cloud-native cardiac data management solution, delivering round-the-clock remote monitoring service, customized alerts and automated billing codes. PaceMate™ will use this investment from Ballast Point to expand market reach for PaceMate™LIVE and enable more … Continue reading

PowerChord named winner of the Tampa Bay Top Workplaces in 2021

Thank you Tampa Bay Times – Times Publishing Co for naming PowerChord as a winner of the Tampa Bay Top Workplaces in 2021, as well as awarding us with the top work/life flexibility title! Creating a collaborative, supportive, and safe environment for our employees to learn and grow is our top priority and we couldn’t be more proud of our growth this past year!

Relentlessly (if quietly) preparing the future

In 2011 Peter Thiel famously quipped, “We wanted flying cars, instead we got 140 characters.”  His comment was taken by some to suggest that entrepreneurs and their backers had shifted away from transformational technologies. One year later Moderna Theraputics was founded, and one year after that Lucira Health was.  Both received backing from venture firms, and both are now transforming the COVID-ravaged world: the former by creating a vaccine to … Continue reading

NEOGOV and PowerDMS Join Forces

Source:  NEOGOV NEOGOV, a market leader in public sector human resources software, today announced a definitive agreement to merge with PowerDMS, a leader in cloud-based compliance software that helps customers simplify how they create, track, and attest to policies, training, and industry standards. The merger will expand NEOGOV’s product offerings and further demonstrates its commitment to streamlining the complex processes needed to support the public sector workforce. Terms of the … Continue reading

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