“Being a part of ATDC has been critical to Greenlight’s growth.” — Tim Sheehan, Greenlight CEO
August 05, 2017
In the first half of 2017, startups at the Advanced Technology Development Center (ATDC), the state of Georgia’s technology incubator, raised more than $50.6 million in investment capital.
The activity, which includes seed and Series A funding, is a jump of 145.6 percent from the comparable period in 2016, where ATDC companies reported investment activity of $20.6 million.
“Investors come to ATDC to meet our startups because they are extremely vetted and well coached,” said Michael Maziar, ATDC’s investor relations manager. “We work closely with our companies to get them to the critical stage in their growth cycles where they are positioned to meet investors and close deals.”
“Through our Invest Connect program, we proactively facilitate connections between our companies and the investment community in Georgia and throughout the U.S. We regularly host meetings for investors to meet with our companies and earlier this year, we took a carefully curated group of 11 Atlanta startups to pitch to more than 30 key venture capitalists in San Francisco.”
The money raised is only a small testament to the hard work of the ATDC companies and the staff that prepares them for funding, which includes our catalysts top-quality entrepreneurs in residence (EIRs), and volunteer mentors, Maziar said. “Through our tools, contacts, and individual and collective expertise, ATDC has created a world-renowned technology incubator experience for our companies.”
While much of the funding activity in the first half of 2017 occurred in the financial technology (FinTech) sector — First Performance and Greenlight Financial Technology raised $17.5 million and $7.5 million, respectively — ATDC startups in other sectors, including health care, advanced manufacturing, and predictive analytics also raised capital.
“Being a part of ATDC has been critical to Greenlight’s growth. Not only have they provided an excellent environment for attracting top talent, they have helped connect us to investors, advisors, and more,” said Tim Sheehan, Greenlight’s chief executive officer.
A FinTech company, Greenlight’s technology allows parents to allocate money via a specially…