WAKE FOREST Revibe Technologies will invest in the clinical and regulatory development of its flagship product, Revibe Connect, a digital therapeutic smartwatch device powered by artificial intelligence after closing $3 million in funding led by the Carolina Angel Network. To lead this effort, company founder Rich Brancaccio will transition from the role of CEO to the role of chief innovation officer, and the company will hire Joseph Koziak as its new CEO, it announced in a statement.
The company’s product aims to assist children with autism and attention deficit hyperactivity disorder (ADHD) with maintaining focus, using an algorithm backed by artificial intelligence that sends vibration signals to a user wearing the device.
Revibe Technologies, Maker of a Wearable Device Being Developed for ADHD and Autism, Secures Over $3 Million in Funding, Appoints CEO as Company Enters New Growth Phase
New CEO brings significant experience in digital therapy, funding led by Carolina Angel Network
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WAKE FOREST, N.C., April 15, 2021 /PRNewswire/
Revibe Technologies today announced they have raised over $3 million in new funding, led by Carolina Angel Network. The new capital will be invested in the clinical and regulatory development of Revibe s flagship digital therapeutic device, the AI-driven Revibe Connect smartwatch. The company also announced the hiring of Joseph Koziak as CEO, replacing founder Rich Brancaccio, who will transition to Chief Innovation Officer.
2) Work with Local Angel Groups and Accelerators
The best networks are those of your neighborhood angels and accelerators. Recommendations from them typically go to the top of the stack. Don’t be afraid to ask your angel investors for warm intro’s to VC’s. WRAL Techwire has a great directory of local Angels and Accelerators.
3) Connect with Venture Fellows
With a quick LinkedIn message including the amount of your current raise and a contact email, reaching out to VC Fellows is an easy way to put your startup on a list of potential investment opportunities. Many other venture fellows, like myself, are college students helping out VC’s for the learning it provides and would love to pass on your information if it’s a fit for our firm.
Judith Cone, vice chancellor for innovation, entrepreneurship and economic development, to retire in April unc.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from unc.edu Daily Mail and Mail on Sunday newspapers.
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VentureSouth portfolio company Proterra will become a publicly traded company through the acquisition of ArcLight Clean Transition Corp., the investment company announced today.
The special purpose acquisition values the electric vehicle manufacturing company at $1.6 billion and boosts its resources for additional growth, according to a news release. After the merger closes, which is expected in 2021’s second quarter, Proterra’s stock will be traded on the Nasdaq under the ticker symbol PTRA.
Proterra is based in Silicon Valley, but Greenville serves as its East Coast operations and manufacturing base.
VentureSouth first invested in the company when Proterra moved to Greenville from Colorado in 2011 as local investors partnered with the Upstate Carolina Angel Network, the predecessor to Venture South, and SCRA.