South Carolina Angel Network Announces Investments in ActivEd, Inc.
May 13, 2015
Angel Investors Across South Carolina Back SC-based Education Technology Company
GREENVILLE, SC – The South Carolina Angel Network (SCAN) and its affiliated angel groups have successfully completed a coordinated investment in ActivEd, Inc. – a South Carolina-based education technology company. The ActivEd investment marks the first significant multi-group investment for SCAN, which was founded in 2014 and consists of angel investor groups across South Carolina and western North Carolina.
“SCAN provides investors with access to angel investment opportunities and offers early-stage companies an avenue to raise capital to execute their business plans. Historically, its been challenging to fully fund an angel round in South Carolina, but with the expansion of SCAN, we’re now able to make more sizable and impactful investments”, said Matt Dunbar, one of the three founders of SCAN. Led by the Upstate Carolina Angel Network in Greenville, but including over 60 investors from across the SCAN network, the investment in ActivEd brings the total amount invested by SCAN groups to over $12 million in 38 companies, primarily in South Carolina.
ActivEd, Inc. has developed a dynamic online tool called Walkabouts, which transforms math, language, and literacy standards into short, movement-rich classroom activities for young students. This groundbreaking platform, used by schools across the United States, is making it easier for teachers to create on-demand lessons that bring fundamental concepts to life through multi-sensory activity.
According to the company’s founder Julian Reed, who is a Professor at Furman University and a leading authority on kinesthetic learning, “Walkabouts are helping to improve educational outcomes for students that learn beyond the desk. It helps students learn better and move more.” Reed expressed his thanks to SCAN for providing the investment needed to expand the company’s reach and help make it a part of the future of education in South Carolina.
Charlie Banks, another founder of SCAN, explained that “SCAN consists of more than 200 individual investors who work to support early stage companies with their financial and intellectual capital. As the network grows across the state, our ability to find and execute attractive investments continues to improve. We think ActivEd marks a new era of early stage investing in the state.”
About The South Carolina Angel Network
The South Carolina Angel Network is working to create a more efficient marketplace for early stage capital in South Carolina. SCAN operates professionally-managed angel groups and funds across South Carolina and Western North Carolina, including the Upstate Carolina Angel Network in Greenville, Capital Angels in Columbia, Spartanburg Angels, Anderson Angels, Asheville Angels, Lowcountry Angels in Charleston, and the Palmetto Angel Fund. To find out more about the role of SCAN, visit www.scangelnetwork.com.
