{"id":747,"date":"2019-07-19T11:41:56","date_gmt":"2019-07-19T15:41:56","guid":{"rendered":"https:\/\/research.ncsu.edu\/win\/?p=747"},"modified":"2024-01-08T16:17:36","modified_gmt":"2024-01-08T21:17:36","slug":"kwipped-receives-1-3m-investment","status":"publish","type":"post","link":"https:\/\/research.ncsu.edu\/win\/kwipped-receives-1-3m-investment\/","title":{"rendered":"KWIPPED Receives $1.3M Investment<\/a>"},"content":{"rendered":"\n\n\n\n

Wilmington-based KWIPPED Inc. has received an investment of $1.3 million from Live Oak Ventures, Wolfpack Investor Network, VentureSouth and the Angel Roundtable, according to a filing with the U.S. Securities and Exchange Commission.<\/p>\n

Previously, Live Oak Ventures announced it was investing an undisclosed amount in KWIPPED to be used by the tech startup for recruiting new talent and adding suppliers.<\/p>\n

Rob Preville, CEO and founder of KWIPPED said earlier this year that Wolfpack Investor Network, Venture South and the Angel Roundtable participated alongside Live Oak Ventures in the investment.<\/p>\n

The startup raised all its goal funding amount through a private stock and equity offering, according to the filing.<\/p>\n

KWIPPED is a B2B online marketplace for equipment rental and leasing that has raised a total of $2.16 million in the past two years.<\/p>\n

In 2017, the company raised $579,809 in equity from 15 investors and, in another round that same year, it raised $272,500 in equity and debt from 10 investors.<\/p>\n

KWIPPED is headquartered in downtown Wilmington.<\/p>\n

Live Oak Ventures is a subsidiary of Live Oak Bancshares with a goal in investing companies that \u201csupport entrepreneurial companies fostering fintech growth in our local community,\u201d stated a release.<\/p>\n

Wolfpack Investor Network is an investment group from N.C. State University that brings together N.C. State alumni and innovative private companies, according to its website.<\/p>\n

VentureSouth is an angel investment network that recently started a Wilmington chapter and is led by Rob Kaiser, its director.<\/p>\n

The Angel Roundtable invests in late seed and early-stage companies with a Southeastern U.S. focus.<\/p>\n

(Preville and Kaiser are part owners of KWIPPED. Preville is part owner of the Greater Wilmington Business Journal along with Kaiser, who is publisher of the Business Journal.)<\/p>","protected":false},"excerpt":{"rendered":"

Wilmington-based KWIPPED Inc. has received an investment of $1.3 million from Live Oak Ventures, Wolfpack Investor Network, VentureSouth and the Angel Roundtable, according to a filing with the U.S. Securities…<\/p>\n","protected":false},"author":1119,"featured_media":107,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"ncst\/default-post-header","ncst_dynamicHeaderData":"{\"showAuthor\":true,\"showDate\":true,\"showFeaturedVideo\":false}","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[9],"tags":[56,39,12,41,17,42,7,43,75,59,27,28,60,23,47],"class_list":["post-747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-angel-investing","tag-angel-network","tag-entrepreneurship","tag-equipment","tag-funding","tag-investing","tag-investment","tag-kwipped","tag-nc-state-university","tag-north-carolina-startups","tag-partnership","tag-startup","tag-startups","tag-win","tag-wolfpack-investor-network"],"displayCategory":null,"acf":[],"yoast_head":"\nKWIPPED Receives $1.3M Investment - 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