• Our mission is to recruit, retain and develop entrepreneurs in our region through our equity funds and business development services.
• Map with service region – Danville, VA, Pittsylvania County, VA and Caswell County, NC
• Focus Industries: Information Technology, MedTech, Advanced Manufacturing
• Consulting Companies 250
• Investment Breakdown:
o Pre-Seed Investments up to $75,000
o Seed Fund up to $250,000
o Bridge Financing
o Evergreen Fund
• Investment Impacts:
o Total Investments 13
o Total Portfolio companies 12
o Companies reviewed for investment 400
o Amount invested $2.5 million
o Capital raised by portfolio $17 million
o Levered capital $20 million
o Companies’ sales $3 million
o Numbers of jobs created 20
o Number of jobs created in Region 30
o Patents Filed 10
o Type of jobs: Sales, Marketing, Software Developer, Technician, Engineer, Administrative
• Ecosystem Builders
o Prizes Awarded in Pitch Competitions $300,000 in 25 Companies
o Applications for Pitch Competitions 400
o Attendees at Events 1,000
o 200 Partners Across the East Coast
o 5,000 Connections via networks
Portfolio Company Quotes:
“Their interest in supporting businesses is above all else,” says Nate O’Keefe, Founder & CEO of Roobrik.
“I was skeptical about expanding KSI to Danville at first, however I have been pleasantly surprised,” said Jason Barton, Founder KSI Data Sciences. “When I went, I found all these positives, we found ourselves in the middle of some great research and development, and I started thinking, ‘why wouldn’t I come here?,’” says Barton.
Seed Fund Advisory Board Member quote:
“When the SFAB reviews an application, members shy away from companies that appear to be approaching The Launch Place solely looking for money. The Launch Place wants to bring on companies that will not only succeed, but actively contribute to making the region a hub for innovation,” says Marty Koszubowski, Executive Director, Center for Enterprise Innovation, Old Dominion University and Angel Investor.
The Launch Place Board of Director quote:
“Currently there is a lack of capital available to early stage entrepreneurs,” says Troy Knauss, an exited entrepreneur with 20 years of startup experience and serves as Vice-Chair, Board of Trustees for the Angel Resource Institute. “The Launch Place not only gives capital, but the resources to make a company a company,” says Knauss.