“The investment from CIT is going to enable Linebird to complete testing and deployment of our technology, begin our first pilot projects, and prepare for a product launch towards the end of the year,” Beiro said.
- The Richmond-based startup SEQL recently raised a $3 million seed round of funding from investors, according to a U.S. Securities and Exchange Commission filing.
The company, which is pronounced like “sequel,” is short for Sport Equality. It was co-founded by Robert de Wolff and Bryant Drayton, who both played college football. Its goal is to aid young athletes in the recruiting process.
The company cannot comment at this time on the investment round, de Wolff said, but he said the business is doing well.
- Richmond-based O’MY Foods, which sells a dairy-free gelato, also has raised more than $337,000, according to an SEC filing.
The startup sells 10 flavors of gelato under the O’MY Dairy Free Gelato brand, which has been picked up by some large grocers, including Wegmans and Kroger.
Founded by entrepreneurs Allison Monette and Julie Bishop, the company also reported a $675,000 investment raise in December. The company has now raised a total of more than $1 million.