Participated · Equity · Jan 2022

Ecobot is a cloud-based platform that automates and optimizes mandatory pre-construction environmental permitting for stakeholders in the architecture, engineering, and construction (AEC) industry. The product enables field data collection and uses that data to streamline mitigation banking, civil engineering workflows, and broader construction lifecycle improvements. Ecobot's platform lets engineers leverage field-collected data into a digital twin to improve resilience of the built environment. The company says customers have generated over 45,000 pre-construction environmental analysis reports using the platform to date. With the new capital, Ecobot plans to widen its scope of supported environmental permits and add project management tools and deeper integrations. The company also intends to add talent to support platform expansion and customer adoption. Ecobot offers software and services aimed at modernizing wetland environmental impact surveys, a market it says is worth about $10 billion. The company acquired Wetform and plans to aggressively expand beyond its base in North Carolina. Ecobot says it has 56 customers and targets the development and construction sector and engineering consulting firms. Its tools reduce field time by roughly two-and-a-half hours per person per day and cut office work on surveys from about 30 hours to 45 minutes. The company estimates large-project assessments can cost up to $1.25 million and says its software can save developers on the order of $50,000 per day. Ecobot was co-founded by CEO Lee Lance and wetlands scientist Jeremy Schewe and grew from a niche focus on wetland surveys before expanding into adjacent areas.

Participated · Series A · Oct 2021

Nufabrx develops proprietary technology to embed active pharmaceutical and therapeutic ingredients into apparel, creating a category it calls HealthWear. Founded in 2011 by Jordan Schindler with work alongside MIT scientists, the company spent years developing its platform. Its first commercial products are capsaicin-infused sleeves for targeted pain relief, and upcoming launches include maternity garments infused with shea butter and shapewear aimed at cellulite. Nufabrx says its products are available at most major retail locations nationwide and online at nufabrx.com, supported by a foundation of clinical data. Financially, the company closed an oversubscribed $10 million Series A equity round and has secured a new credit facility from a leading banking institution. Proceeds are intended to accelerate commercial efforts and R&D to bring dozens of applications to market via direct sales and platform licensing programs.

Participated · Equity · Aug 2021

Slope Software is a cloud-native actuarial modeling ecosystem that merges multiple disparate processes into a single unified platform. It reduces the labor required at every step, eliminates IT overhead, and provides access to data analysis which empowers teams to develop insights and build value. The platform simplifies and streamlines actuarial operations workflows across use cases including reserve calculations, product pricing, asset-liability management, embedded value, and capital projections. Led by Co-Founder and CEO Andy Smith, the company plans to use new capital to expand operations and broaden its business reach. The company raised $2.0m in funding to support growth. Investors in the round include Tech Square Ventures, Alerion Ventures, Charlotte Angel Fund, and existing investor Cofounders Capital. Slope Software is a software-as-a-service company providing an actuarial modeling platform. The platform optimizes and streamlines operations for insurance companies and consultants by enabling actuaries to perform analysis in less time. Led by CEO Andy Smith and CTO Taylor Perkins, the company launched the platform early last year. Slope will use proceeds from a $1M seed round to scale growth of the software platform. The seed round was led by Cofounders Capital, whose partner Tim McLoughlin will join the board. The company is based in Atlanta, GA and also maintains an office in Charlotte, NC.

Led · Equity · Jan 2017

Ecomdash is a software-as-a-service that automates backend operations for ecommerce sellers, integrating inventory, sales orders, product listings and shipping across marketplaces like Amazon and eBay and platforms such as Shopify. The platform is designed to help omni-channel retailers grow sales, save time, and increase customer satisfaction. The Charlotte Angel Fund selected Ecomdash for a $125,000 investment, citing the company's sustained growth; that amount is part of a larger financing round. Funds from the investment will be directed toward key strategic initiatives and sales and marketing efforts. CEO Nick Maglosky presented to the fund following a formal pitch, due diligence and a final vote by members. The company is proud to be Charlotte-based and the funding is framed as supporting both Ecomdash and the local startup ecosystem. Ecomdash is a web software application led by CEO Nick Maglosky that helps ecommerce sellers automate and integrate omni-channel inventory, sales orders, product listings and shipping. The product connects marketplaces like Amazon, eBay and Etsy as well as ecommerce platforms such as Bigcommerce, Shopify and Magento. The company is based in Charlotte, NC. Ecomdash plans to use new funding to drive product development, add channel integrations and build further financial and back‑end office capabilities. Those enhancements will be delivered through application improvements and new integration partnerships. The company’s recent financing improves its ability to expand integrations and back‑end features.