SCRA Technology Ventures Announces Investments

  • Jul 16, 2015
  • Press Releases

SC Launch Board Finalizes Investments for Two South Carolina Companies

Summerville, SC - SCRA Technology Ventures' SC Launch Board recently finalized investments for two South Carolina-based companies. Charleston-area Good Done Great, who received board approval for investment in May 2015, and Greenville-area Servosity, who received board approval in March 2015, have now received funds from the program. Both companies will utilize the investment to expand operations.

Good Done Great is a for-profit, Benefit Corporation made up of committed professionals with extensive experience both working and volunteering at nonprofits, and developing solutions for non-profit technology companies. The company is dedicated to making a lasting impact through their social mission of using technology to aid corporations and individuals with their workplace giving.

Servosity delivers mission-critical disaster recovery as a service to Managed Service Providers and IT re-sellers - making servers un-crashable and files un-losable, eliminating downtime. During a disaster recovery situation, the technology allows for streaming of operating systems rather than waiting for information to download.

"We are delighted to support these dynamic start-ups," said SCRA CEO Bill Mahoney. "These companies are bringing technologies that are advancing services for industry and the technology-based economy in South Carolina. We look forward to their continued growth and future milestones."

About SCRA Technology Ventures

SCRA Technology Ventures enables research commercialization and promotes the development of high tech industries, enhancing South Carolina's technology-based economy. Through its flagship SC Launch program, this SCRA business sector makes investments in and offers support services to South Carolina's early stage, start-up technology companies.

Multiple economic impact studies show SCRA's cumulative output on South Carolina's economy to be over $18.1 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $79,000.

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