Venture Notes - November 29, 2018
By Milt Capps
Today: Satchel | ShoreCP | Angels | TaxCred | Pharos | Savvy |
SATCHEL HEALTH, a post-acute data-first telemedicine play, is being wound-down and/or sold, several reliable sources confirmed in general terms. The startup has recently been led by Lanson Hyde, who succeeded founder Ryan Macy in that role. NueCura led an Angel round in 2016, and plans had been laid for a sizeable Series A in 2017, though it's not clear whether that effort proceeded. Records indicate Satchel was a pivot for Macy from an earlier Octovis startup strategy with Google Glass and patient/EMR data at its core. That earlier iteration debuted in the former Jumpstart Foundry (JSF) accelerator program of 2014.
► ALEX FORDHAM is set to join Shore Capital Partners' Nashville office when in opens in 4Q19, after a few months in Shore's Chicago office, he confirmed. Fordham is pursuing his MSF degree at VU Owen Graduate School of Management. He earned his bachelor's in Finance at Belmont University and has logged a string of analyst and internship gigs with Altitude Ventures, TBH Global Asset Management, Tractor Supply, Heritage Group, and Lead Capital Partners. Related Shore coverage here. Fordham LinkedIn.
► PHAROS Capital of Dallas and Nashville, through its Family Treatment Network platform, acquired ABA of North Texas, an outpatient autism services provider based in Plano, on undisclosed terms, according to a release this week.
► FRANKLIN-based Savvy Financial filed to recruit $1MM in debt/options. Co-founders are Jeffrey Hull, Stephen Cretin.
► VANDERBILT Law School today announced its launch of a Certificate in Law and Innovation through a new program for all professionals in the legal services industry.
► ALTUS Capital Partners acquired Knoxville-based ChoiceSpine and Knox Spine for their spinal device products. ChoiceSpine co-founders Rick Henson and Marty Altshuler will continue investing in the company alongside Altus, according to a release. Pharos established its Family Treatment Network platform in 2015 to manage its investments in special schools, psychiatric residential treatment centers and community-based programs for children, adolescents and their families. VNC
. last edited 1210 30 nov 2018