VentureSouth announces first quarter investments
April 13, 2017
VentureSouth announced several investments the network executed in the first quarter of 2017.
The network of angel groups and funds made its largest investment last quarter in TiO Home. TiO provides a new approach to home automation focused on simplicity and customer experience. TiO’s intuitive system adapts to the homeowner’s lifestyle, unlike other home automation solutions that force users to adapt to them, making them great additions to new homes and renovations. TiO was recently recognized as Sound & Vision Magazine’s “Top Pick” and a 2017 Consumer Technology Association Mark of Excellence winner.
VentureSouth Managing Director Paul Clark said, ”We are excited about TiO joining our portfolio of high-growth companies. We believe home automation will become as common as appliances and this investment demonstrates our desire to invest in disruptive technologies that can provide a positive return to investors. Our investment in TiO is also a great example of how angel groups collaborate across the Southeast. VentureSouth worked closely with groups such as The Launch Place in Danville, VA to provide TiO with the capital and connections it needs to scale quickly.”
Sanjay Patel, CEO and Founder of Tio Home, added, “We are pleased to announce VentureSouth as an investor in TiO. We were impressed with their efficient processes, as well as the caliber of the VentureSouth team and its members. It’s an exciting time to be a part of our company and we look forward to a lasting, profitable relationship with VentureSouth.”
VentureSouth is also proud to announce a significant investment in UVision360, a North Carolina-based women’s health company commercializing a new generation of hysteroscope. The company has received funding from several angel groups across the Southeast to transform how uterine diagnosis and treatments are delivered.
VentureSouth Angel Fund II, the network’s second co-investment fund for indexing the investments made by its active members, participated in both of these new investments.
The new investments in TiO Home and UVision360 cap a productive quarter for the group. VentureSouth made additional investments into existing portfolio companies including cancer diagnostics firm KIYATEC in Greenville; Pharmright in Charleston, makers of the Livi automated medication dispenser; Atlas Organics in Spartanburg, collectors and composters of food waste; and Brightfield Transportation, the Asheville company leading the way to make America “drive on sunshine.”
To learn more about VentureSouth’s recent investments and educational activities please visit www.venturesouth.vc.
