The Launch Place Helps Pharmaceutical Manufacturing Company Panacea Biomatx Expand to the Dan River Region

Governor Ralph Northam today announced that Panacea Biomatx, a manufacturer of personalized medicine and nutrition solutions, will invest $5.8 million to establish a research and development and high-tech manufacturing facility in the Cane Creek Centre Industrial Park in Pittsylvania County. The project will create 70 new jobs.

The Launch Place Adds IoT Company to Portfolio with $200K Seed Investment

A new company will be joining the diverse portfolio of The Launch Place in February. Chapel Hill-based, an internet of things (IoT) company that focuses on providing ag-based businesses with automated data tracking and analytics, received a $200,000 seed investment. This partnership makes The Launch Place’s thirteenth venture since 2014.

Healthtech Company iScribes’ Acquisition Marks First Exit for The Launch Place

The Launch Place celebrated their first exit in November. Healthtech company iScribes, a recent investment of The Launch Place, was acquired in late 2017.