Investments
16Portfolio Exits
1Partners & Customers
1About The Launch Place
The Launch Place strives to energize and diversify Southern Virginia's regional economy through entrepreneurship development and business consulting services. It assists with business development and job creation and retention regionwide through its business consulting services, while having a dual responsibility to recruit and retain entrepreneurs to the Danville region in deploying a $10 million grant award given over five years by the Danville Region Foundation. A $4 million seed fund was established with this grant to invest in startups and experienced entrepreneurs.
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Latest The Launch Place News
Jul 6, 2021
The ACA Angel University courses will be open to angel investors, potential angel investors, and entrepreneurs, which according to a statement from The Launch Place, is the first time this format will be open to this audience. “The goal of the Big Launch Challenge is to provide early-stage startups the opportunity to pitch their ideas to investors, and for The Launch Place Pre-Seed and Seed Fund to generate deal flow,” said Eva Doss, president and CEO of The Launch Place, in a statement. The Launch Place, through the Big Launch Challenge , has awarded $159,000 to 14 companies. The competition requires that companies have fewer than 10 employees, have raised no more than $500,000, and have the potential for growing business operations in Danville, Virginia, Pittsylvania County, Virginia, or Caswell County, North Carolina, and that applications are submitted prior to the deadline, August 16, 2021.
The Launch Place Investments
16 Investments
The Launch Place has made 16 investments. Their latest investment was in CytoRecovery as part of their Grant on December 12, 2022.
The Launch Place Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/1/2022 | Grant | CytoRecovery | $0.25M | Yes | 2 | |
9/22/2022 | Series A | Pattern Health | $3.3M | No | 9 | |
7/9/2021 | Unattributed | Keepsake Tales | $0.05M | Yes | 1 | |
3/1/2021 | Seed | |||||
2/16/2021 | Seed VC |
Date | 12/1/2022 | 9/22/2022 | 7/9/2021 | 3/1/2021 | 2/16/2021 |
|---|---|---|---|---|---|
Round | Grant | Series A | Unattributed | Seed | Seed VC |
Company | CytoRecovery | Pattern Health | Keepsake Tales | ||
Amount | $0.25M | $3.3M | $0.05M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 2 | 9 | 1 |
The Launch Place Portfolio Exits
1 Portfolio Exit
The Launch Place has 1 portfolio exit. Their latest portfolio exit was iScribes on January 29, 2018.
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 |
|---|---|---|---|---|---|
1/29/2018 | Acquired | 1 |
Date | 1/29/2018 |
|---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
The Launch Place Partners & Customers
1 Partners and customers
The Launch Place has 1 strategic partners and customers. The Launch Place recently partnered with Virginia Tech Foundation on May 5, 2005.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/28/2005 | Partner | United States | 1 |
Date | 5/28/2005 |
|---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | |
Sources | 1 |
The Launch Place Team
1 Team Member
The Launch Place has 1 team member, including current Chief Executive Officer, President, Eva Doss.
Name | Work History | Title | Status |
|---|---|---|---|
Eva Doss | Chief Executive Officer, President | Current |
Name | Eva Doss |
|---|---|
Work History | |
Title | Chief Executive Officer, President |
Status | Current |
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