A number of technology companies across the Southeast reported significant funding and business developments during the week of September 22-25, 2025.
Atlanta-based PrizePicks announced that Allwyn will acquire a majority stake in the company. Allwyn has agreed to purchase approximately 62.3% of PrizePicks for an initial cash consideration of $1.6 billion, giving the company an upfront enterprise value of $2.5 billion. The agreement includes provisions for additional cash payments if PrizePicks meets certain performance targets over the next three years, which could raise the total enterprise value to as much as $4.15 billion.
OneDigital, an insurance and financial services firm headquartered in Atlanta, secured a $2.3 billion investment that brings its valuation to $7.2 billion.
Thyme Care, a cancer care company based in Nashville, raised $97 million in Series D funding.
Beroe, a procurement intelligence company from North Carolina, closed a $34 million venture round.
Amplio, an Atlanta startup focused on warehouse operations, completed an $11.1 million Series A round.
Miami-based Shield, which facilitates cross-border crypto transactions for exporters and importers, raised $5 million in seed funding led by Giant Ventures with participation from Andreessen Horowitz, Factor Capital, Coinbase, and Bank of America.
crewOS from Birmingham secured $1.25 million in funding led by Far Out Ventures; the company previously participated in Startup Showcase Live at Venture Atlanta.
MagnoliaED from Mississippi received a pre-seed investment of $25,000 from CoBuilders.
Zinnia—a sales copilot startup with ties to Atlanta and Charlotte—received investment from Primordial Ventures.
The North Carolina Board of Science, Technology & Innovation awarded grants to 90 small businesses developing new technologies across 21 counties for fiscal year 2024-2025.
Clutch!, a gameday parking management platform based in Birmingham, was acquired by PMC.
Durham County Government and Forward Cities launched the 2025 Innovate Durham Cohort program—a four-month initiative turning Durham into a testbed for innovation involving selected entrepreneurs and companies.
The Fearless Fund—an Atlanta-based venture capital firm—reached a settlement in its racial discrimination lawsuit and held its first event since then in New York.
Atlanta Housing (AH) partnered with Bird to launch what they describe as a first-in-the-nation Ride-to-Work program designed to improve mobility and workforce access for AH residents through e-scooters and e-bikes.
Kiksasa presented its dashboard mapping startup activity at last week’s TiE Connect event in Sandy Springs.
Optomi Professional Services (OPS), based in Atlanta and specializing in IT solutions and staff augmentation, announced that Tyler Snellings will be named President. According to OPS: “Tyler Snellings will be named President.”
