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Jul 20 /

Action-Packed Southern Summer

Here’s a quick look at what’s happened in Georgia the last 7 days.

The record level heat hasn’t slowed down some of Georgia’s startups one bit.

Storified by Jacqui · Mon, Jul 23 2012 07:18:14

The record level  heat hasn’t slowed down some of Georgia’s startups one bit. There were fundings, an acquisitions and a product launch!

Rob Kischuk had plenty to smile about, the founder of social loyalty startup Badgy could finally let the funding cat out of the bag. His company closed an angel round of funding totaling $600,000 led by Dallas Mavericks owner Mark Cuban. Flashpoint Ventures overseen by Sig Mosley and local startup community organizer Sanjay Parekh also participated. Startup publication PandoDaily broke the news late July 11 and local business weekly the Atlanta Business Chronicle covered it the next day.

congratulations to @rkischuk on the recent @badgy funding. it’s great to see more consumer-focused startups in town … Payne
Big congrats to @rkischuk of @badgy for closing a successful round of funding with @mcuban as a lead investor: Otu
In more funding news, Cloud migration startup Racemi announced a $7M Series B funding round bringing the total funds raised to a cool $19.3M. This round was led by the Paladin Capital Group and Harbert Venture Partners. Philip Eliot of Paladin Capital and Wayne Hunter of Harbert Venture join Racemi’s board of directors.
{BUSINESS 5-0 MAG} Racemi nets $7M to attack booming cloud broker biz – GigaOM Souza
Racemi Locks In $7M Series B for Cloud Migration
On a side note, both companies presented at the 2011 Venture Atlanta conference. Congratulations to both! . 
On non-funding startup news, Whoorli, the for the creative class, was a accepted to NewMe Accelerator, an accelerator for minority-led technology startups. The company will be one of eight startups in the Fall 2012 cohort which begins August and ends in November.
Congrats to #Atlanta’s @Whoorli #startup chosen for @NewMEAccel Accelerator’s Summer/Fall 2012 Class! via @TechCrunch
Congratulations @Whoorli, @Sparkroad, @Travtar, @Dwllr, @PlistenCo, Spriggle, & @NoBadGift, the NewME Fall 2012 Class! Bryan
Local mobile coupon favorite Scoutmob launched an ecommerce shop! Simply called “Shoppe,” it features locally made stuff for the hipster crowd in Atlanta, New York, San Francisco and Washington, D.C. A dozen or so artisans in each city will be featured each week in the respective city-specific Shoppes. And from the tweets, early reaction is positive.
Love @scoutmob’s new shoppe with all locally made products. If you havent seen it, here you go.. Canterbury
Playing on the @scoutmob shoppe page… My wallet is going to be mad at me!Mary Catherine
Are you a rad artist/maker in #ATL? Hit up @alliebashuk @scoutmob’s new Shoppe curator @BrowanLollar this means youJill Noble
@scoutmob let us know when you bring zee online shoppe to Portland, we’re your galshouseline
Last but not least,there was also an acquisition. One In-Q-Tel portfolio company acquired another last week. Atlanta–based geospatial tech company TerraGo acquired Geosemble Technologies whose “software mines and processes content from news, blogs and social media and analyzes data by place, time and topic.” Terms of the deal were undisclosed. TerraGo will convert Geosemble’s headquarters in Manhattan Beach, Calif. into its West Coast office. It will also add engineering and support staff to serve the combined companies’ customers in the region.
TerraGo CEO on the Acquisition of Geosemble: Last week, GeoPDF maker, TerraGo Technologies, acquired … Magazine
And they say that business slows down in the summer…

Editor’s Note: Georgia startups, submit your application for Venture Atlanta 2012 today. It’s free!

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