Bumps in the Road
Tech issues can arrive without warning, have outsized impacts on your business, and are often expensive to address.
funding
New Charlotte fintech touts AI, lands nearly $1.7M from investors
According to the Vectari website, the company aims to offer “bank-grade” AI solutions to assist with regulatory language, scam detection & prevention, and policy insights for the financial services industry.
Charlotte-based vet chain raises $35M, wants $5M more, reports Business NC
Siblings Audrey and Michael Wystrach are CEOs for the pet care company that started in 2019.
Triangle startup working on ‘friendly’ funding solutions for minority-owned small businesses
Small business funding has traditionally been a challenge for minority and women-owned businesses, a problem that has remained despite awareness of the issue. According to the US Small Business Administration data for 2022, only 3.9% of total funding went to Black or African Americans, vs. 42.4% of funding to White applicants. A further 25% went to applicants who declined to share their race. This Triangle couple is trying to change those statistics.
Raleigh-based Coworks raises $350K; founder says they’re working toward $142K more this round
Coworks, the Raleigh-based software start-up for flexible office and coworking spaces, is raising $500,000 in its latest funding round. Having raised over $350,000 so far, the company plans to accelerate its growth and add new features to serve more shared workspace models. Hear more from the founder.
