Southern Capital Forum

Really interesting info coming out of Atlanta, and GA at large. Interested to see if it represents the Southeast as a whole. Here are some of the top take-aways...in my opinion: Venture capital investors poured about $349 million into businesses in Georgia this past quarter, a 33% increase from the second quarter, according to data from PitchBook. There were 39 deals in the third quarter, five fewer than in the previous quarter. Both VC investment and the number of deals last quarter were smaller compared with the third quarter of last year, which had over $543 million in investment and 51 deals. Hermeus Deal size: $119.6 million Deal type: Later-stage VC Series A Industry: B2B, aerospace and defense Verticals: manufacturing, mobility tech, space tech OnPay Deal size: $53.4 million Deal Type: Later-stage VC Series B Industry: IT, business/productivity software Verticals: HR Tech, SaaS Loyal (Healthcare Technology Systems) Deal size: $33.5 million Deal Type: Later-stage VC Series B Industry: Health care, enterprise systems Verticals: AI and machine learning, digital health Yellow Card Deal size: $33.2 million Deal Type: Later-stage VC Series C Industry: IT, financial software Verticals: Cryptocurrency/blockchain, fintech, mobile Trio Mobil Deal size: $26.5 million Deal Type: Later-stage VC Industry: IT, business/productivity software Verticals: AI & machine learning, internet of things Multiscale Technologies Deal size: $11.1 million Deal Type: Early-stage VC Series A Industry: IT, business/productivity software Verticals: Advanced manufacturing, AI & machine learning, big data, clean tech, ed tech, SaaS Johnson Energy Storage Deal size: $10.7 million Deal Type: Later-stage VC Industry: B2B, electrical equipment Verticals: clean tech, manufacturing Green Boom Deal size: $8 million Deal Type: Seed round Industry: B2B, environmental services Verticals: clean tech, industrials Funding U Deal size: $7 million Deal Type: Later-stage VC Series A Industry: Financial Services, consumer finance Verticals: fintech Myavana Deal size: $5.9 million Deal Type: Seed round Industry: IT, application oftware Verticals:AI & machine learning, beauty, health tech, mobile, SaaS Q3 Exits PitchBook data shows there were about five exits this past quarter in Georgia with undisclosed deal values. These included: Press Sports, which was acquired by The DONUT NoCodeOps, which was acquired by Zapier Artelon, which was acquired by Stryker Vizzia Technologies, which was acquired by HID Global SemiCab https://lnkd.in/eDXH-_7g

Interesting acquisition here. "Hyatt is not acquiring any physical assets. It’s instead buying the management, franchise and license contracts for the hotels. The company is creating a new lifestyle group, to be led by the executive chairman of Standard International." https://lnkd.in/egUGfJAB

Well this is a bold and interesting move! I can see some pros and cons from both sides but am really interested to learn more as the details start filtering out. https://lnkd.in/gP4DeaNc

This is both stunning and not surprising at the same time. "But the IRS also said, using its own internal analysis, it found 60% to 70% of the current claims show an “unacceptable risk of ineligibility." That has reinforced agency concerns about the high rate of improper ERC claims." https://lnkd.in/eRkbYTk6

Yet another reminder that "Attempting to time the market can sometimes be costly for investors." https://lnkd.in/eEc36isR

Is it possible that the IPO window is closed almost as soon as it seemed to re-open? https://lnkd.in/eWAbnUc5

And just like that...the deal is dead. I'm sure that the next act in the drama will be just as interesting! https://lnkd.in/e7WneeXf

Exciting news coming out of the SBA. Much needed...and I'm sure it will be well received. The key is going to be sticking the landing though... https://lnkd.in/e59PgwYT

Now this is going to be wildly interesting to follow! Talk about market disruption... https://lnkd.in/gYWBnugu

Very interesting story here. Iconic brand and proven founder...could be a perfect fit. Will be watching as this unfolds and am keen to find out the details of the deal. https://lnkd.in/eZ_ufdN4