Fundraising FoxThe Launch Place
Venture capitalDanville · Pre-Seed–Seed · 5 people tracked
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Investment thesis
The Launch Place aims to rebuild the Dan River Region economy—spanning Danville City and Pittsylvania County in Virginia and Caswell County in North Carolina—following the decline of its tobacco, textile, and furniture industries. Funded by a $10 million grant from the Danville Regional Foundation in 2012 (including a $5 million seed fund) and later Pre-Seed Fund II and Seed Fund II totaling $11 million launched in 2018, it invests in innovative, high-growth technology companies. Beyond capital, it offers wrap-around services to help entrepreneurs plan, fund, launch, and grow businesses, fostering an idea-based entrepreneurship ecosystem focused on innovation and job creation.
Source: firm website, verified Sep 27, 2026.
Team · 5 people
from the firm's website & public directories
What they invest in
from 19 of 26 portfolio companiesHealthtech ×7IoT ×6AI & Machine Learning ×5SaaS ×5Digital Health ×4Enterprise Software ×4Hardware ×4Consumer ×3
HQs:United States×15Indonesia×1Malaysia×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×72 founders×3
Investments · 26 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12022 · 22021 · 12020 · 12015 · 17 dated
HealthtechAshburn, US
Crystal Icenhour(Executive Officer, Director)Keith A. Crandall(Director)Eduardo Castro-Nallar(Director)W. Evan Johnson(Director)
Co-investorsCentral Texas Angel Network
BioAesthetics develops NACgraft, a cell-free, collagen-rich nipple-areolar complex graft that a surgeon applies so the patient's own cells integrate it into living nipple and areola tissue.
BiotechHealthtechMedical DevicesNew Materials
Juliana Blum(CEO & Director)Billy Heim(COO)in
Co-investorsFemHealth VenturesHemi Ventures, LlcJoyance PartnersNew Orleans Startup FundBabel VenturesIndieBio+1 more
Falls Church, US
David Giannini(Executive Officer, Director)Elizabeth Crawford(Executive Officer)Michael Lovett(Executive Officer, Director)
BoardBradley C. Harrison(Director)John J. McDonnell, Jr.(Director)Richard Sternitzke(Director)
Cyto Recovery develops technology for label-free cell sorting and gentle sample cleanup for cell populations, aimed at life-science and research users.
BiotechDeep TechHardwareBlacksburg, US
Stephen C. Turner(CEO, President, Secretary)
BoardJames Ramey(Director)
Durham, US
Jared Pelo(Executive Officer, Director)David Meisner(Executive Officer)
BoardDale Pelo(Director)Brad Pelo(Director)Thomas A. Dimmig(Director)
REDANA88 is an online gaming platform offering live games and card games with alternative access links designed to bypass internet restrictions without requiring a VPN.
Gaming
KSI provides software that delivers live video and telemetry data from drones and other IoT devices, letting distributed stakeholders view and analyze remote data streams in real time.
Data & InfrastructureEnterprise SoftwareIoTSaaSDanville, US
jonathan gaster(Executive Officer)Jason Shawn Barton(Executive Officer)
Dealum provides software tools for business angel networks and investor groups to manage operations, collaborate, and streamline deal-making processes.
Enterprise SoftwareFintechSaaS
Rain Kivisik(Founder)
Co-investorsAggie Angel NetworkAngel ForumBusiness Angels Club Berlin-Brandenburg e.V.Central Texas Angel NetworkDakar Network Angels (DNA)DanBAN+14 more
Tradeverifyd provides AI-powered supply chain visibility and risk management for enterprise procurement and compliance teams.
AI & Machine LearningEnterprise SoftwareSaaSChapel Hill, US
Tom Rump(Executive Officer, Director)Michael Prorock(Executive Officer, Director)Amanda Greene(Chief Operating Officer)in
BoardAmos Schwartzfarb(Director)
Co-investorsGeekdomLiebenthal VenturesTechstars
Orbital RX provides a software platform for hospital pharmacy supply chain management that integrates inventory tracking, procurement workflows, and real-time team collaboration to coordinate shortage response across healthcare networks.
AI & Machine LearningEnterprise SoftwareHealthtechSaaS
Nate Peaty(Founder)in
Co-investorsAlerion VenturesExcelerate Health VenturesHatteras Venture Partners
Digital health platform that enables health systems and payers to deploy programs and access innovative healthcare solutions.
Durham, US
TOBIAS WALTER(Director)inEDWARD G BARBER(Executive Officer, Director)ALLEN A. SPIZZO(Director)EDWARD M. HOLZWARTH(Executive Officer, Director)
Co-investorsHigh Country Impact Fund
ProAxion provides a wireless predictive maintenance and condition-based monitoring system that uses sensors and analytics to track machine health and prevent unplanned downtime.
Advanced ManufacturingAI & Machine LearningIoTApex, US
Justin Rothwell(Founder)inAllen West(Director)Elliot Poger(Executive Officer, Promoter)
Co-investorsAtlanta Technology AngelsNC IDEATamiami Angel
KinergyCare provides chronic care management (CCM) solutions for healthcare providers, combining technology with personalized care coordination services.
Digital Health
Co-investorsVentureSouth
Revibe offers a wearable platform that delivers personalized vibration and text reminders to help users improve focus, attention, and self-regulation.
AI & Machine LearningDigital Health
Co-investorsLOUD CapitalTamiami AngelWolfpack Investor NetworkPartech Ventures
Roobrik provides science-based online surveys, financial-readiness assessments, and chat tools that help prospective senior living residents and their families evaluate their options while converting more website visitors into qualified leads for senior living providers.
Digital HealthHealthtechMarketing TechSaaSSales TechGreensboro, US
Nate O'Keefe(Founder)inJudith Conaway(Executive Officer)David Levin(Director)inMaureen O'Connor(Director)William Clark(Director)
Co-investorsJurassic CapitalNC IDEAThird Act VenturesHatteras Venture Partners
SEAL SwimSafe makes a wearable drowning-detection system consisting of a monitoring Hub and wristbands that alert parents or lifeguards when a child is in distress in the water.
ConsumerHardwareIoTRaleigh, US
Graham Snyder(Inventor)
BoardCOURTNEY MANN(Director)DAVID FOX(Director)JAN DAVIS(Director)
TiO is a smart home control system that simplifies home automation by allowing homeowners to manage lighting, audio, temperature, and security through an intuitive interface.
ConsumerHardwareIoTPropTechKuala Lumpur, MY
Sanjay Patel(CEO)
Vital Plan sells herbal supplements and nutrient formulas aimed at supporting cellular health and overall wellness, including its RESTORE180 program for people managing chronic health challenges.
ConsumerDirect to ConsumerWellness & FitnessRaleigh, US
Braden Rawls(Executive Officer, Director)inDr. Bill Rawls(Co-founder)
BoardWalter Clarke(Director)
Co-investorsAlumni VenturesCharlotte Angel FundHatteras Venture Partners
VitalFlo develops a respiratory care platform for health systems, ACOs, physician practices, and academic medical centers to diagnose, monitor, and care for respiratory patients.
Digital HealthHealthtechRaleigh, US
Luke Marshall(CEO)inJames Dieffenderfer(Director)inRavi Chilkuri(Director)
Co-investorsElevate CapitalGeekdomNC IDEATechstars
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CAARMOPanaceaPanacea BioMatxPanaceuticsPanaceutics Nutrition
Frequently asked questions
- How many investments has The Launch Place made?
- The Launch Place has 26 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
- What stage does The Launch Place invest at?
- The Launch Place invests at the Pre-Seed, Seed stages.
- What is The Launch Place's typical check size?
- The Launch Place typically writes checks of $500K.
- What sectors does The Launch Place focus on?
- The Launch Place focuses on Advanced Manufacturing, Biotech, Deep Tech, Digital Health, Energy, Enterprise Software, Hardware, Healthtech, Medical Devices, New Materials, SaaS, Sector Agnostic.
- Where is The Launch Place located?
- The Launch Place is headquartered in Danville, US.
- Who does The Launch Place co-invest with?
- The Launch Place most often shares deals with NC IDEA, Tamiami Angel, Central Texas Angel Network, among 38 tracked co-investors.
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