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Atlanta

Atlanta funding news: Health care and software top recent local investments

Atlanta-based higher learning institution Emory University has secured $180 million in grant funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 6 and financed by the Bill & Melinda Gates Foundation.

According to its Crunchbase profile, "Emory University, recognized internationally for its outstanding liberal arts ... graduate and professional schools, and one of the Southeast's leading health care systems, is located on a beautiful, leafy campus in Atlanta's historic Druid Hills suburb. Emory maintains an uncommon balance for an institution of its standing: Our scholars and experts generate more than $500 million in research funding annually, while also maintaining a traditional emphasis on teaching. The university is enriched by the legacy and energy of Atlanta, and by collaboration among its schools, centers and partners."

The 184-year-old university has raised nine previous funding rounds, including a $400 million grant in 2018.

The round brings total funding raised by Atlanta companies in health care over the past month to $183 million. The local health care industry has seen 25 funding rounds over the past year, capturing a total of $487 million in venture funding.

In other local funding news, travel company Volantio announced a funding round on June 4, financed by Amadeus Ventures.

According to Crunchbase, "Volantio Inc. is a software (and) services company focused on helping airlines maximize unit revenues and decrease costs through greater capacity utilization, while providing customers with better predictability and control over their travel journey. Our web-based platform enables airlines to dynamically re-accommodate passengers in a number of situations⁠—increasing yield, reducing operational costs, increasing NPS and injecting control and predictability back into the travel journey. Volantio's headquarters are located in Atlanta, with team members in the Netherlands and Australia."

Founded in 2014, the company has raised three previous rounds, including a $2.6 million seed round in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.