uMETHOD Health, Inc. reposted this
🚀 Exciting update! uMETHOD Health, Inc. is one of the 8 follow-on companies the Triangle Triangle Tweener Fund chose to reinvest in for Q3 2024. The fund's total investment in the local startup ecosystem is $778K🌟 A big THANK YOU to Scott Wingo and Robbie Allen for helping push the boundaries of technology and health! Here's to more growth and breakthroughs ahead. 👏
Today the Triangle Tweener Fund (www.tweenerfund.com) announced our Q3 2024 new portfolio and investing activity. As a reminder, we are a rolling fund (always open to new investors) for accredited investors that want to build a highly diversified 'index' of Triangle startups. What we're most excited to announce is that this experiment that started in 2022 has now crossed over $8m invested in over 120 Triangle HQ'd startups - we want to thank all our ~180 investors (LPs) for making this experiment a huge success. But.... we're only getting started, stay tuned for big news soon.... Highlights from Q3: o Invested $778k in 19 deals, 11 new, 8 supporting existing companies o $41k avg investment, $4.8m average round size, $13.4m average pre-money valuation o 7 SAFEs, 4 Converts, 8 Priced rounds Finally, while existing investments are seeing good traction with 'fresh/up rounds', we're seeing an influx of interesting new startups that are 'AI First' or 'AI Native' with very interesting solutions featuring a founder with deep domain knowledge of an acute problem that AI can uniquely solve, access to proprietary data and ability to leverage modern AI LLM+RAG type solutions against these problems. More details here-> https://lnkd.in/efdmfgTP