Three Startups at Ventureprise Secure Significant Investments

February 17, 2017

VP_logoHOR_newtag_final2_NO_TAG-SMALL.jpg

Atom Power, Ecomdash, and International ThermoDyne, Inc., three startups at Ventureprise, received significant investments in 2017.

Atom Power, an energy startup focused on solid-state power distribution technology, recently announced a substantial equity investment from Siemens through the next47 partnership. Siemens is one of the world’s leading producers of energy-efficient, resource-saving technologies and has a substantial manufacturing presence in Charlotte. The investment will support Atom Power’s Underwriter Laboratories approval, commercial production and the development of higher amperage circuit breakers.

Ryan Kennedy, founder and CEO of Atom Power, is a Charlotte native and a 2004 graduate of the UNC Charlotte College of Engineering. Atom Power has been located in the PORTAL building since inception in 2014. The company works closely with UNC Charlotte’s Energy Production and Infrastructure Center (EPIC) and employs multiple university engineering graduates.

Ecomdash landed a $125,000 investment from the Charlotte Angel Fund that was announced in January. Having previously invested in eight other North Carolina-based companies, this is the first time the angel fund has invested in a company based in Charlotte. Ecomdash’s web-based inventory control software allows ecommerce sellers to save time, grow sales and increase customer satisfaction. CEO Nick Maglosky says the capital raised will mostly support sales and marketing.

Greg Brown, the administrator of the Charlotte Angel Fund, wrote, “We found Ecomdash to have a quality management team, a product providing a solution to a big problem, and opportunity for rapid growth. Those are things that early stage investors seek in their portfolio.”

Ecomdash was in the first group of Ventureprise client-tenants that located in the PORTAL building on opening day in February 2014. Its rapid growth had led to two expansions of its office space.

International ThermoDyne Inc. recently closed a $3.5 million equity round from independent angel investors to fund the development of its first product. The company became a Ventureprise client-tenant in March 2016 and also operates a lab at UNC Charlotte.

The company’s Opal System is a sensor that can be embedded in any device, from clothing to safety equipment, to register if the user is wearing or using the technology. The non-chargeable device is the first of its kind to generate usage data valuable to retail, construction and utility companies. The system’s PhelTex material converts energy from heat and motion into electricity. The technology used in the material was developed by researchers at Wake Forest University’s Center of Nanotechnology and Molecular Material.

About Ventureprise

Ventureprise, Inc. is a non-profit venture development organization that supports the commercial success of early-stage, innovation-driven entrepreneurs. Through ready-for-business office space located on the campus of UNC Charlotte and comprehensive programs, Ventureprise offers the premier location for inventors, researchers and innovators to come together for business success as well as the 49er Foundry business incubator for UNC Charlotte students. Ventureprise operates a National Science Foundation-funded National Innovation Network I-Corps Site connecting UNC Charlotte researchers with commercial opportunities through customer discovery. The Ventureprise Launch program, funded by NC IDEA Foundation, offers customer discovery expertise to Charlotte-area innovation-driven startups.

###

Media Contacts

Paul Wetenhall, President |704-687-8057|paul.wetenhall@ventureprise.org