News

New Orleans small tech business attracts $60 million in new funding

April 13, 2017

Lucid

A homegrown tech business is making strides toward developing New Orleans’ high-tech industry and expanding its local and global footprint thanks to an initial investment through Louisiana’s CAPCO program.

Lucid, a 5-year-old market research firm that received an investment from Enhanced Capital through the Louisiana Certified Capital Company (CAPCO) program, has gone from being a promising tech startup to a high-growth business with global aspirations.

 

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Birmingham motorcycle company pitches Southern Powersports Corridor to support Alabama’s economic growth

February 17, 2017

Motus

A small business that launched motorcycle and American V4 engine production in 2014 in Alabama thanks in part to an investment through Enhanced Capital has found so much success that it’s now identifying additional opportunities for similar economic growth in the state.

Motus Motors, a company that received an investment from Enhanced through a program created by the Alabama Legislature to incentivize investment in the state’s small businesses, recently went to Capitol Hill to pitch the concept of a “Southern Powersports Corridor” in Alabama, according to an article on AL.com.

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Inbox Health Raises $1.5 Million to Reinvent Patient Billing and Payments

February 8, 2017

Health Inbox

Inbox Health, a startup transforming patient billing and payments, has closed a $1.5 million Seed Round of funding. The round was led by Connecticut Innovations, with participation from Launch Capital, Enhanced Capital, I2BF Global Ventures, David Sturek (partner at Giganteus PE Management), Mohawk Ventures, and Margaret Ricciardi. The round will help the company accelerate its sales and marketing efforts, as well as to grow their research and development team.

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Economic Development Partners Announce Major Revitalization Project in Fulton, Mississippi

January 28, 2017

Coiled copper

Enhanced Community Development, a subsidiary of Enhanced Capital, Wells Fargo and Three Rivers Community Development Entity announced today that they are helping finance the expansion of Mueller Copper Tube.

Mueller Copper Tube is a subsidiary of Mueller Industries, a global manufacturer and distributor of premium quality copper tube and pipe for plumbing, air conditioning, refrigeration, medical gas and other applications. Mueller is using the financing to purchase equipment and expand its existing production facility in Fulton.

 

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Spot On Networks announces new community-wide WiFi network in country’s largest affordable housing development

December 28, 2016

Son-logo (002)

Through the state of Connecticut’s Invest CT program, Enhanced Capital has provided private growth capital to a variety of Connecticut-based businesses. One of those companies, Spot On Networks, recently announced an exciting project.

The project, Queensbridge Connected, will bridge a major digital divide as the largest affordable housing, community-wide WiFi network in the United States. Spot On Networks, a managed wireless service provider headquartered in New Haven, Connecticut, recently turned on the new network at the Queensbridge housing complex, in Long Island City, New York, which includes more than 3,000 units in 95 buildings with 7,000 residents.

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