Since January, 16 companies have reported funding with a total invested amount of $60,850,000 within the Greater Louisville region. Greater Louisville Inc. (GLI) just released the names of some recent recipients of investments, and there are some familiar names as well as some we’ve reported on before.
Virtual Peaker‘s founder spoke at Open Coffee this week. Bill Burke was an advanced systems engineer at GE before he jumped ship and founded Calculingua. That startup garnered praise in the community but struggled to find customers.
Of course, Gill Holland’s Portland Investment Initiative is on the list. Earlier this month, IL broke the news that Holland was planning a mixed-use development at the corner of Bank and 17th streets.
Also earlier this month, MedCity News named Inscope Medical Solutions one of “Five Healthcare Startups You Should Meet.” They’ve recently graduated TechStars with their startup that is pioneering advancements in laryngoscopes. According to the article, “So far, it has signed on 15 hospitals and EMS teams to assess the device. It used 3-D printing to develop the prototype on display at CONVERGE.”
The businesses are listed below (descriptions courtesy of GLI):
• Virtual Peaker — $50,000 from Kentucky Enterprise Fund
A software platform that manages residential electric demand. It applies machine learning and real-time control to internet-enabled appliances to reduce demand while minimizing negative impact to the residential customer.
• Pyrochem Catalyst Company — $390,000 from STTR Phase 2 matching grant
Developing a catalyst production to be used in the petrochemical industry to improve hydrogen production with the technology initially directed at the Hydrogen Fuel Cell industry.
• MobileServe — $525,000 ($250K from Access Ventures, $100K from Sequel Fund, $175K from individual angels)
A mobile app that bridges tracking, verifying and reporting of volunteerism with an engaging process that easily allows users to share, connect and challenge others.
• Inscope Medical Solutions — $600,000, closed with recent investment of $165,000 from Right Side Capital
A connected medical device company focused on point-of-care devices with their first device being a wireless disposable video laryngoscope with integrated suction that increases the speed, efficacy and safety of intubation.
• NX Development Corp — $700,000 from individual investors
A wholly owned subsidiary of NX Pharmagen. NX Pharmagen acquires, develops and monetizes mature clinical-stage breakthrough technologies in personalized medicine.
• Portland Investment Initiative (Pii) — $750,000 ($580K from PARK Community Bank and $170K from investors)
A project devoted to the development of the Portland neighborhood in west Louisville through real estate investment and enhancement.
• Sunstrand — $1,203,000 ($1.15M from NSF grant and $53K from angel investors)
A research and development firm dedicated to providing analysis, product development and testing solutions to the natural fiber reinforced polymer composites industry.
• Clearleaf Finance — $1,450,000 from private investors
Investment funds used for purchasing tax liens in Kentucky and Indiana.