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Incubator/Accelerator
thestartupfactory.co

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Investments

36

Portfolio Exits

5

About The Startup Factory

The Startup Factory is the Southeast's premier accelerator. They provide startups with hands-on mentorship and up to $200,000 in seed capital.

The Startup Factory Headquarter Location

201 W Main St. Suite 104

Durham, North Carolina, 27701,

United States

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest The Startup Factory News

News this week: Corporate investments & new deals for Korean startups

Jun 13, 2021

While South Korean President Moon Jae-in attended the Group of Seven (G-7) summit and unveiled plans to help lower-income nations procure COVID-19 vaccines at Cornwall in the UK, in Korea giant companies like Naver, SK Telecom and Mercedes Benz announced more support for Korean startups. Naver to invest in 70 startups under its accelerator scheme, D2 Startup Factory. SK Telecom and Mercedes Benz to form an alliance to discover and develop promising startups. Woori Financial begins its startup incubation program and LG Energy solution preps for an IPO. Also, Blockchain startup Firmachain’s electronic contract platform DONUE to be used by Sejong Center for the Performing Arts. South Korea’s top internet portal operator. Source: KoreaJoongangDaily Naver will set aside a floor in an office building in Pangyo, Gyeonggi, for tech startups it invests in. D2SF is Naver’s in-house accelerator. It invests in business-to-business (B2B) start-ups that sell technology or services for corporate clients. Unlike other venture capital companies or accelerators, D2SF — short for D2 Smart Factory — invests Naver’s money only. “Six years ago when Naver first started seed-investment in tech start-ups, there weren’t that many to invest in,” said Yang Sang-hwan, D2SF’s leader, during an online press conference Tuesday celebrating the company’s sixth anniversary. Yang has headed D2SF from the start. This year, D2SF will do a similar level of investing in start-ups as last year, or possibly more, Yang said. In 2020, the company funded 22 start-ups. Source: Yonhap  Mercedes-Benz Korea CEO Thomas Klein (from left) and SKT Corporate 2 Center Director Ha Hyung-il (photo: SK Telecom.) SK Telecom (SKT) announced on June  13th that it has decided to cooperate with Mercedes-Benz Korea to discover promising startups and develop business. SKT will participate as a key partner of ‘Startup Autobahn’, a startup cooperation platform. It will support the growth and development of startups in new information and communication technology (ICT) fields such as 5G, artificial intelligence (AI), and metaverse. Startup Autobahn is a global open innovation platform established in 2016 by the Daimler Group, the parent company of Mercedes-Benz. It supports startup companies with expert mentoring and networking opportunities, and attracting investment through venture capital (VC).It discovered more than 5,000 startups from all over the world and jointly conducted pilot projects in various fields such as AI and mobility. DONUE Expands Electronic Contract Service to the Public Sector On the June 7th, FirmaChain’s blockchain based global electronic contract platform DONUE announced Sejong Center for the Performing Arts’ decision to become a client of DONUE. Welcome “Sejong Center for the Performing Arts”.

The Startup Factory Investments

36 Investments

The Startup Factory has made 36 investments. Their latest investment was in AnyCloud as part of their Seed on March 3, 2015.

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The Startup Factory Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/2/2015

Seed

AnyCloud

$0.05M

Yes

1

3/2/2015

Seed

BoomboxFM

$0.05M

Yes

1

3/2/2015

Seed

ELXR Health

$0.05M

Yes

1

3/2/2015

Seed

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$99M

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10

11/12/2014

Seed VC

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$99M

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10

Date

3/2/2015

3/2/2015

3/2/2015

3/2/2015

11/12/2014

Round

Seed

Seed

Seed

Seed

Seed VC

Company

AnyCloud

BoomboxFM

ELXR Health

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Amount

$0.05M

$0.05M

$0.05M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

The Startup Factory Portfolio Exits

5 Portfolio Exits

The Startup Factory has 5 portfolio exits. Their latest portfolio exit was Mira on October 05, 2021.

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

10/5/2021

Acquired

1

00/00/0000

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10

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10

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10

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10

Date

10/5/2021

00/00/0000

00/00/0000

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00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

1

10

10

10

10

The Startup Factory Team

2 Team Members

The Startup Factory has 2 team members, including current Managing Director, Chris Heivly.

Name

Work History

Title

Status

Chris Heivly

Managing Director

Current

Dave Neal

Managing Director

Current

Name

Chris Heivly

Dave Neal

Work History

Title

Managing Director

Managing Director

Status

Current

Current

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