Across industries from edtech to social networking, several Atlanta companies are making improvements and enhancements to their tech solutions. With fresh funding to back them, find out what these companies have planned to build out their platforms, and which of them are expanding their teams.
#5. $2.5 million, November 2
Diaundra Jones and Brylan Donaldson co-founded 7th Ave to provide Black entrepreneurs, students and professionals with a digital space to share their knowledge. The company’s mobile app allows members to host live audio events where participants can message and speak with one another, as well as curate interest-based content to share on their profiles. 7th Ave raised $2.5 million in seed funding led by MaC Venture Capital to enhance its tech.
#4. $5 million, November 16
Providing cybersecurity solutions to financial institutions like community banks and credit unions, Alpharetta-based DefenseStorm wants to build out its product offerings. The company offers cloud-based solutions for cyber compliance and cyberfraud in addition to security. Its latest funding round came from Curql Collective. To date, DefenseStorm has raised $52 million in total funding.
#3. $18 million, November 16
Offering students an online alternative to traditional schooling, edtech company Sora Schools provides users the opportunity to participate in a project-based learning curriculum. With $23.5 million in funding to date, the company’s latest round was co-led by Hemant Taneja at General Catalyst. The money will go toward expanding the platform’s curriculum and adding more after-school activities.
#2. $20.5 million, November 3
Following its Series B raise, PadSplit is working to expand affordable housing options in markets like Texas and Florida. Its platform allows users to rent a temporary residence based on their specific preferences for a weekly fee. With more than 2,500 shared properties so far, the company plans to grow that number as well as its internal team. PadSplit is currently hiring across sales, operations and marketing.
#1. $75 million, November 30
Operating an online marketplace for industrial metal materials, Reibus pulled in a $75 million Series B funding round led by SoftBank Vision Fund 2 to build out its platform. Now with a valuation of $750 million and more than $100 million in funding to date, Reibus is fueling continued growth. Its investment plans with the Series B funding include expanding its platform and mobile app’s tools and services, furthering new products for finance and logistics and growing its European team and resources.