Gulf Coast-based energy services provider, Danos, has established a resilience technology center of excellence in Amelia, Louisiana. In partnership with climate technology company, Natrx, Inc., Danos is producing high-performance, nature-based modules for coastal resilience and restoration projects using a patented, highly specialized 3D printing technology called DryForming. Read more here.
NASHVILLE, Tenn., Jan. 25, 2024 /PRNewswire/ -- Krepling, an e-commerce channel management platform, announced it has raised a $3.3 million seed round and launched a fully centralized universal builder, offering merchants a consolidation of tools and services to foster personalized customer experiences. The round includes the participating investors: LAUNCH, Brickyard, Front Porch Ventures, 11 Tribes Ventures, Colabora Ventures, and Broadshade Investments. The funding will be used to further expand the Krepling team in several departments and enhance the capabilities of simplifying e-commerce integrations, without the need for outside agencies or developers. Read more here.
Technology infiltrated many of the facets of wedding planning over the past decade, from registries to ring design to vendor organization. And rightly so — weddings, just in the United States, are a $76 billion industry.
Within that sector, Poppy is one of the startups smelling success with its proprietary technology for the booking and fulfillment of wedding flowers, a $5 billion opportunity in itself, according to Cameron Hardesty, founder and CEO of Poppy. Read more here.
From Radiology Business — Radiology data analytics vendor Quinsite has raised $5.5 million in series A financing, leaders announced on Wednesday. The funds come by way of investment firms including Fulcrum Financial Partners, Front Porch Venture Partners and the Triangle Tweener Fund, among others. Chapel Hill, North Carolina-based Quinsite said it will use the money to fuel growth initiatives and expansion in other specialties such as pathology, anesthesiology, orthopedics and emergency medicine.
From Yahoo Finance — UpLift, a behavioral health company, today announced it has raised $10.7 million in Series A financing. The round was led by new investor Ballast Point Ventures, a late-stage venture capital and growth equity fund, with participation from Kapor Capital and Front Porch Ventures.
From WRAL Tech Wire — The goal of Front Porch is to provide a point for individual investors and family offices to have the opportunity to invest in start-ups and small businesses. Their focus is on the Southeast region, and the firm partners with a number of other venture capital firms across the Southeast.
Read more here.
From Triangle Business Journal — A startup venture capital fund is looking for deals – even as it eyes the possibility of launching a second fund later this year.
Read more here.
From Grepbeat — Greggory Bordes has nearly 20 years of experience across venture capital, private equity and public markets. Gregg is the Managing Partner of Front Porch Venture Partners in the Triangle, which he co-founded to help individual accredited investors and family offices attain diversified exposure to the Southeast’s top venture capital firms and startups.
Prior to co-founding Front Porch, he helped oversee a large North Carolina family office’s investment strategy, where he was responsible for the M&A process. Prior to that, he was the VP/Head of Research at venture-backed fintech YipitData in New York.
Read more here.
From Hypepotamus — Three Duke classmates have joined forces to bring more capital into the Southeast startup scene.
Greggory Bordes, Joe Mancini, and Nikin Shah, all graduates of The Fuqua School of Business, started North Carolina-based Front Porch Venture Partners after working across the country at various investing organizations, startups, and larger corporations.
Front Porch’s first fund, oversubscribed at $5 million, is what Bordes describes as a hybrid fund. By investing both into other ventures funds and directly into startups, the fund looks to “bring more people into the startup ecosystem from an investor perspective.”
Read more here.
FRONT PORCH VENTURE PARTNERS ANNOUNCES THE CLOSING OF ITS FIRST FUND
Innovative hybrid fund delivers more capital for entrepreneurs throughout the Southeast and enhanced diversification for startup investors in the Southeast and beyond
February 21, 2022
RALEIGH – Front Porch Venture Partners (FPVP), a Research Triangle based venture capital firm investing in rapidly growing startup ecosystems in the Southeast, announced the final close of its oversubscribed $5 million first fund on January 21, 2022. The firm deploys an innovative hybrid strategy that includes both fund and direct startup investments, bringing diversified exposure of venture opportunities to a broader set of investors than ever previously available.
“At Front Porch we set out to be more than just capital. We want to be a true connector in the startup ecosystem across the Southeast and bring a broader set of investors into the venture community – both financially and operationally,” said Managing Partner Gregg Bordes. “With our hybrid approach you can write one check and get exposure to 250+ startups and leverage the value-add of top VCs throughout the region. This differentiated strategy provides diversification to a much larger group of accredited investors and family offices than what was previously available in the market.”
Since January 2020, FPVP has deployed capital to 14 top-tier venture funds based in North Carolina, South Carolina, Georgia, Tennessee, and Florida. These fund partners include many of the most well known firms in the region, plus a targeted group of emerging fund managers, extending from pre-seed through growth equity.
To complement its core fund partnerships, FPVP has also invested in the startups of 12 impressive founders throughout the Southeast. The firm is targeting a total of 15-20 direct ‘best ideas’ investments in the Fund 1 portfolio and is actively engaging with early stage companies across the region.
“In the last several years, our venture ecosystem has grown tremendously as measured by the amount of dollars flowing into startup and scaling entrepreneurial companies,” said Hunter Young, Head of Capital at the Council for Entrepreneurial Development (CED). “While more mega-deals have driven this overall progress, the advancement has not been as pronounced in the earlier venture and growth stages in terms of number of companies funded. By both supporting venture and growth capital managers in the southeast, as well as directly investing into early stage companies, Front Porch Venture Partners will play an integral role in recycling capital back into our region’s entrepreneurial ventures.”
Front Porch Venture Partners expects to launch Fund 2, which will utilize a similar hybrid investment strategy, with a $20 million target later in 2022.
About Front Porch Venture Partners
Front Porch Venture Partners (FPVP) offers a diversified investment opportunity across top-tier venture capital funds and early stage companies in the Southeast. Founded in 2019, the firm uses a pooled investment vehicle (or 'fund') to invest across some of the Southeast’s best Venture Capital firms, as well as make direct investments in the most promising startups discovered through their fund partners and other connections to the region's entrepreneurial ecosystem. This fund allows investors to gain exposure to a broad set of the region’s most promising startups through one simple investment.