In what was an eventful month for venture funding on the Atlanta tech front, February saw investments in e-commerce, security, digital media and a range of other sectors. Companies in Atlanta are continuing to strengthen the city’s tech presence across these industries and beyond, and funding their solutions are only the beginning.
#5. $21.5 million, February 2
Encompassing over 25 original content brands with a following of 65 million people, Atlanta-based Doing Things Media creates memes and videos to entertain viewers. The company raised new funding to further its D2C e-commerce business. Led by Volition Capital, the digital media company’s Series A round will go toward scaling its audience, diversifying its revenue streams and creating new content in verticals like parenting, pop culture, sports and finance.
#4. $25 million, February 11
The Atlanta IT services company works to help companies along their digital transformation. Offering insights in areas like cloud, data analytics, cybersecurity and software development, ProArch is furthering its offerings with a $25 million investment from MSouth Capital. The new funding will help the company pursue acquisitions, as well as expand its delivery, sales and marketing resources and grow its 350-person workforce.
#3. $118 million, February 21
On a mission to help anyone build wealth by investing in real estate, Atlanta-based Groundfloor is expanding its platform with a new injection of capital. The mixed funding round included $5.8 million in equity from Medipower — which also pledged an additional $100 million. Additionally, the round included $7.2 million in equity investments from individuals through SeedInvest and $5 million from individuals through Groundfloor’s platform. With a new mobile app in the works, the company is also focusing on growing the size of its loans and expanding its geographic presence.
#1 (tied). $150 million, February 2
Based in Ireland, e-commerce platform Wayflyer has recently expanded its global presence into five markets around the world, including Atlanta. The platform provides financing and data insights to e-commerce businesses to help them grow their solutions. Having achieved a $1.6 billion valuation following its Series B raise, Wayflyer is investing in furthering its worldwide presence. It’s growing its Atlanta-based team across data, finance, people and sales.
#1(tied). 150 million, February 15
A year after its previous raise, Atlanta security unicorn Flock Safety pulled in Series E funding to expand its presence into more markets across the country. It offers tools like audio devices and cameras that capture evidence like sounds of breaking glass or images of license plates to help local law enforcement solve crimes. Flock Safety has been installed in cities in Georgia, Texas, Florida and more, and it’s investing its Tiger Global-led round in serving additional places to help reduce crime.