Lou Kelmanson launches two new ventures
IL gets OPM Financial’s email newsletter, written by Kent Oyler. Who may be GLI’s CEO, but who was born to be a writer. If this whole econ-dev thing doesn’t work out, Oyler can always turn to blogging … let’s just say he writes a pretty riveting newsletter!
Anyway, this month’s newsletter contains an item about angel investor Lou Kelmanson, who’s been on several of Insider Lousville’s “people you must know” lists. Kent noted Kelmanson recently founded two new companies, Clearleaf and Purestone. “Both work in tandem and specialize in acquiring and processing short-duration assets,” according to the newsletter. “Successful in operation and impressive in scope, Clearleaf and Purestone have quietly raised $1.2 million to date,” Oyler added.
As far as we can tell, these are investment funds, but we’re not sure. The OPM newsletter continues, “To learn more about his ventures, look for Lou in coffee shops talking with any number of local startups, or send him an email.”
Which we will.
Kelmanson, a Harvard MBA, began as a CPA. He went on to work with gaming giants Harrah’s Entertainment, Mirage Resorts, and Harvey’s. Somewhere along the line, he joined startup Fortune Lounge Casino Group, one of the fastest-growing and largest Internet gaming groups. Then he co-founded Invela Financial Corp. in Cape Town, South Africa, founded Grand Monaco Casino, and founded Finman (Pty) Ltd.
He ended up in Louisville four years ago (no idea why). Since then, he’s been a GLI Venture Connectors board member, a local business plan competition judge, a Nucleus Lean LaunchIt participant, and a member of several investment groups.
Oh, and at an early Insiders Meetup, he played piano like no one you’ve ever heard! Definitely a guy to watch.
More good news for Chrysalis Ventures
Yesterday, we had a post about iSqft, a Chrysalis Ventures portfolio firm, being acquired by San Francisco-based Genstar Capital. Now there’s more national news involving another portfolio company at Louisville’s largest venture capital firm.
MyHealthDirect, which builds patient attraction/retention software for health care providers, secured $8 million in a round of funding for its patient access solutions. Current partners Chrysalis and Arboretum Ventures, based in Ann Arbor, Mich., provided equity funding, and new partner Ares Capital Corp. provided a senior credit facility, according to a news release posted on MarketWatch.
The $8 million in growth capital will be used to scale MyHealthDirect’s solutions for new hospital and practice partners as the company continues to expand its market share.
The company currently books 1.7 million annual appointments and delivers access to 30-plus million patients in partnership with some of the nation’s largest health systems and payors, according to the release.
“Funding innovation that improves patient access, outcomes and experience is a top priority for Chrysalis Ventures,” Chrysalis Chairman David Jones Jr. (an IL investor, FYI) stated in the release. “MyHealthDirect’s growth is further validation not only of consumer demand for an improved patient experience, but perhaps most importantly, providers’ willingness to meet their needs.”