NEXT, a business that works to connect investors with local Greenville businesses, has announced a $6 million fund to help invest in the local tech industry.
At a Thursday morning press conference, NEXT Board Chair Scott Millwood, announced a $6 fund collected from investors meant to invest in and support the growth of several tech-based Greenville businesses.
“We found a gap where young founders and startups weren’t able to get the capital and the talent that they needed to get rolling to the next level,” Millwood said. “And we started going around and talking to other guys like us, folks like us that have built companies and exited those companies and asking them if they wanted to help solve it, and that’s how the fund really came about.”
Safe Helipad, a helipad safety software company, was announced as the first investment of the fund, with 8-10 additional investments planned over the next year and a half.
Millwood explained that several other potential business ventures are currently under mentorship in their program that may see some of the coming investments from the Founders Fund.
Mayor Knox White was also at the presser, where he praised the investment in Greenville’s growing businesses. You can listen to Mayor White's full comments during the press conference below:
