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South Carolina Research Authority company logo
Public-Private Partnership
BUSINESS PRODUCTS & SERVICES
scra.org

Investments

111

Portfolio Exits

5

Partners & Customers

7

About South Carolina Research Authority

South Carolina Research Authority (SCRA) is a non-profit organization that advances South Carolina's Knowledge Economy by supporting early-stage entrepreneurial companies through its SC Launch program, conducting applied research and delivering technology solutions to federal and corporate clients and building and operating research parks and Innovation Centers. The company was founded in 1983 and is based in Columbia, South Carolina.

Headquarters Location

1000 Catawba Street

Columbia, South Carolina, 29201,

United States

843-760-3200

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Latest South Carolina Research Authority News

US (SC): Heron Farms receives $250,000 investment to expand operations

Feb 2, 2023

South Carolina Research Authority's investment affiliate, SC Launch Inc., has invested in Heron Farms Inc. The $250,000 investment will help the Charleston-based startup grow its vertical farming operations that require no naturally occurring freshwater. In 2022, Heron Farms became an SCRA Member Company and received a $50,000 Acceleration Grant. "The concept for Heron Farms began as a research question posed by founder Sam Norton while in graduate school; what if two of the 21st century's largest problems, rising seawater levels, and excess carbon dioxide, could be leveraged into next-generation sustainable agriculture? Through his exploration of this exciting possibility grew Heron Farms," said SC Launch Director Matt Bell. "The company was started with a passion for sustainable solutions and the science to support their work." "We focus on scalable sustainability aided by sophisticated technologies which include predictive software, cutting-edge automated data collection, and analysis methods to manage and monitor water salinity, carbon dioxide, growth cycles, and yield," said Heron Farms Founder and President Sam Norton Heron. "Having a partner in SCRA and SC Launch Inc. is supporting us to continue developing sustainable foods that are also healthy and delicious." "With a focus on sustainability, innovation, and consumer demand, the food tech industry is growing, and Heron Farms is part of its growth," said SCRA Executive Director Bob Quinn. "We are proud to be part of this emerging environmentally-friendly industry that is answering consumer demand." The process Understanding the unsustainability of freshwater consumption, Heron Farms uses seawater to grow its primary crop, sea beans. Freshwater is then captured from the sea bean through a process called evapotranspiration. This freshwater is then used to grow other crops, all without using any naturally occurring freshwater. In addition to being the starting point of this sustainable water cycle, sea beans are an alternative to natural salt that provide a vegan source of Omega-3, more magnesium than avocados, more protein than apples, and more iron than kale or bananas, among other benefits. For more information:

South Carolina Research Authority Investments

111 Investments

South Carolina Research Authority has made 111 investments. Their latest investment was in Soil Economy as part of their Grant - II on January 1, 2023.

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South Carolina Research Authority Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/4/2023

Grant - II

Soil Economy

$0.03M

Yes

1

1/4/2023

Grant

Real Motors

$0.03M

Yes

1

11/22/2022

Grant - III

ScopeStack

$0.25M

No

1

10/4/2022

Grant

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$99M

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10

10/4/2022

Grant

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$99M

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10

Date

1/4/2023

1/4/2023

11/22/2022

10/4/2022

10/4/2022

Round

Grant - II

Grant

Grant - III

Grant

Grant

Company

Soil Economy

Real Motors

ScopeStack

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Amount

$0.03M

$0.03M

$0.25M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

1

10

10

South Carolina Research Authority Portfolio Exits

5 Portfolio Exits

South Carolina Research Authority has 5 portfolio exits. Their latest portfolio exit was ENGAGE Talent on October 30, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/30/2019

Acquired

$99M

3

7/28/2016

Acquired

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$99M

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10

3/3/2016

Acquired

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$99M

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10

3/10/2015

Acquired

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$99M

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10

10/25/2011

Acquired

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$99M

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0

Date

10/30/2019

7/28/2016

3/3/2016

3/10/2015

10/25/2011

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

0

South Carolina Research Authority Partners & Customers

7 Partners and customers

South Carolina Research Authority has 7 strategic partners and customers. South Carolina Research Authority recently partnered with Shine Water on February 2, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

2/16/2019

Partner

United States

1

8/17/2015

Client

United States

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10

4/7/2014

Client

United States

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10

3/17/2014

Partner

United States

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10

12/19/2013

Partner

United States

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10

Date

2/16/2019

8/17/2015

4/7/2014

3/17/2014

12/19/2013

Type

Partner

Client

Client

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

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Sources

1

10

10

10

10

South Carolina Research Authority Team

1 Team Member

South Carolina Research Authority has 1 team member, including current Chief Financial Officer, Julia Martin.

Name

Work History

Title

Status

Julia Martin

Chief Financial Officer

Current

Name

Julia Martin

Work History

Title

Chief Financial Officer

Status

Current

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