News and Events

Beam Dynamics: Triad-based startup founder shares insight into region’s growing startup culture

March 30, 2022: Beam is a great example of how the Triad is becoming a destination for entrepreneurs to build successful companies. Read More…

First Launch Capital Fund to Attend Capital Connects 2022

Mar. 1, 2022: Running for more than 20 years, this event serves as a bridge between investors and entrepreneurs seeking capital for their companies. There are two competitions: a two-minute lightning round for seed-stage businesses and a six-minute pitch for Series A-stage businesses. A panel of expert judges chooses a winner in each category, and they receive both cash and in-kind services.  Read More…

Greensboro’s Fuse Oncology raises more cash from First Launch Capital Fund

Feb. 4, 2022: Fuse Oncology, a spin-out of Cone Health and Cone Ventures, has raised additional capital, including follow-on investment from the First Launch Capital Fund (FLCF). According to the company, it had previously raised nearly $3 million in an oversubscribed pre-seed round after spinning out in August 2021. Read More…

Greensboro battery startup Soelect raises $11M Series A, including from GM

Feb. 3, 2022: Soelect, developer and manufacturer of advanced solid-state battery components designed for the next generation of electric vehicles, has raised $11 million in Series A funding. Lotte Ventures led the investment, with participation from GM Ventures and KTB Networks, the company said in a statement. Read More…

Winston-Salem startup Beam Dynamics aims to keep media companies ‘on air’

Dec. 4, 2021: Beam debuted in October its first product, titled “BeamOn,” as part of its platform to the media and entertainment industry. The platform allows broadcasters “to see a comprehensive overview of the technology used across studios, control rooms, electronic news gathering and information technology infrastructure.” Read More…

impact. The Boro Podcast Features FLCF and Beam Dynamics

Oct. 21, 2021: Introducing First Launch Capital Fund’s newest portfolio company – Beam Dynamics. Co-Founder and CEO David Kaszycki joins Fund Executive Lou Anne Flanders-Stec and investment committee member Nathan Powell to share his story and what the Chamber’s investment will mean to his growing business. Listen here or via major streaming services such as Spotify and Apple Podcasts.

First Launch Capital Fund of Greensboro invests in two Winston-Salem companies

Feb. 22, 2021: First Launch is investing in Proodos, Inc. and Unbox the Dress, both of which recently relocated to Winston-Salem. Proodos is developing project management technology that improves project efficiency across teams. Unbox the Dress is the first online service providing brides the opportunity to outsource care and storage of their wedding dress while also offering the ability to repurpose the garment into new family heirlooms and gifts.  Read More…

Unbox the Dress sews up a funding deal, opens new HQ as sales surge

Jan. 5, 2021: Winston-Salem startup Unbox the Dress has secured $250,000 in financing through a combination of debt and a security to be acquired upon exercise of option, warrant, or other right to acquire a security, with plans to sew up to $750,000 in additional funding. Read More…

First Launch Capital Announces Investment in Soelect

Sept. 29, 2020: It’s full steam ahead for a Triad company that just secured funding through a local venture capital fund. Only, it is battery power that is going to propel this company forward. Soelect is the third investment for First Launch Capital Fund, a Greensboro-based venture capital fund formed in 2018.  Read More…

First Launch Capital Fund Announces Investment in Threat Sketch

March 5, 2020: FLCF announces the closing of its first investment in Threat Sketch, a Winston-Salem-based cyber risk management tool providing data, analytics and tools to reduce human costs related to cyber risk management. Read More…

First Launch Capital Fund Announces Investment in CrewPay

June 10, 2019: FLCF announces the closing of its first investment in CrewPay, Inc., a Greensboro-based application software firm focused on the management and payment of 1099s. Read More…