January 10 - 23

Startup Spotlight: Local broadcaster creates side gig with adjustable leg wrap invention to carry microphone equipment
Necessity is the mother of invention. Sometimes comfort is, too.  Reba Hollingsworth says it was “some of both” that inspired her to create a product she calls the AHA Wrap, which has become a side business for her when she’s not busy with her full-time job as a television broadcaster.

Business accelerator Lighthouse Labs taking applications for summer cohort focusing on Virginia university grads
The Richmond-based business accelerator Lighthouse Labs is accepting applications for its summer 2019 cohort, which will focus on startups founded by recent graduates of colleges and universities in Virginia.

Richmond Startup Kinis Makes Great Strides in Barefoot Training
Vincent Vu knows that every race is won by simply putting one foot in front of the other. This December, the Richmond entrepreneur crossed his first major finish line when his barefoot training startup, Kinis, released the Nomad 804, a minimalistic “shoe” for indoor exercise that offers wearers as close to the barefoot experience as you can get without actually letting your naked soles touch the gym floor.

Companies thinking big after raising a combined $52M
Two local companies have kicked off the new year with eight figures’ worth of new funding. Decisiv, a Henrico-based software developer, and TemperPack, a Manchester-based packaging company, this month announced capital raises of $30 million and $22.5 million, respectively.

Sustainable Packaging Maker TemperPack Raises $22.5M Series B Round
Talk about an investment package.  Richmond’s TemperPack, a maker of sustainable thermal packaging, has raised $22.5 million in Series B financing led by D.C.-based Revolution Growth.