SCRA Technology Ventures Announces Funding
October 10, 2014
ActivEd Receives Investment; Becomes Portfolio Company
COLUMBIA, SC – SCRA Technology Ventures’ SC Launch program announced today that Greenville-based ActivEd has received investment funding. ActivEd was accepted into the program in June, receiving mentoring and support services as a client company. This investment makes the company an SC Launch Portfolio Company.
ActivEd is an educational technology company marketing an innovative, movement-based platform that accelerates learning while improving health. Their products are based on 15 years of research examining the connections between movement and academic achievement, cognitive ability and health.
Founder Julian Reed stated, “This investment is a great first step for ActivEd. We are excited to be a part of the SC Launch program and look forward to making a difference, encouraging healthy lives and improving academics.” Reed is also a Professor of Health Sciences at Furman University.
“We congratulate ActivEd on this funding,” said SCRA CEO Bill Mahoney. “SCRA’s SC Launch program continues to invest in high-caliber companies that help grow South Carolina’s Knowledge Economy. We look forward to a successful partnership with Julian and his team.”
ABOUT SCRA TECHNOLOGY VENTURES
SCRA Technology Ventures helps innovative companies grow and develop new technologies, creating jobs and advancing the Knowledge Economy throughout South Carolina. This SCRA business sector provides support and mentoring to early stage, start-up technology companies through its flagship SC Launch program. Since 2006, SCRA has deployed over $82 million in funding for entrepreneurs and infrastructure to support over 290 high-tech, early-stage enterprises. SCRA has directly invested over $19 million into the program’s top 71 South Carolina start-ups, attracting over $301 million in add-on, private investment. The sector also supports commercialization and growth by facilitating the transfer of intellectual property and accelerating the transition of inventions to the marketplace. Additionally, SCRA Technology Ventures invests in more established technology companies through its Stage 2 affiliate.
Multiple economic impact studies show SCRA’s cumulative output on South Carolina’s economy to be over $16.6 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $77,000. Learn more at scra.org. Follow us on Twitter at @SCRAInnovation.
