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Innovation

Charleston is full of unicorns — of the startup variety

Innovation
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The massive trove of information contained in Crunchbase’s startup database turned up two cities in South Carolina where you’re more likely to run across a “unicorn” in the wild lands of Investorville.

Greenville and Charleston have companies that pulled in at least $50 million from investors and are considered to have the stability and growth potential to be deemed unicorns in the high-tech sector, according to ranking criteria from Crunchbase.

While the Holy City and the Upstate aren’t competing in the same league as San Francisco, Atlanta, Boston or Austin, Texas, just making the list sends a message to those looking for a place to start a business and those looking to invest.

We pulled together the most “unicorny” non-IPO companies in the Lowcountry that have gotten at least $1 million in investor cash, according to Crunchbase’s ranking criteria.

Company

Sector

Founded

Investments raised

Employee software

2009

$70.4 million

Pari-mutuel wagering

2001

$54.9 million

Real estate software

2006

$20.1 million

Sales, manufacturing

2012

$12.8 million

Accounting, reporting

2008

$10.2 million

Used vehicle value report

2010

$10 million

Cybersecurity software

2008

$8.2 million

Medical product

2007

$7.4 million

Electric heating products

2006

$7.2 million

Medical devices

2005

$6.5 million

Live video streaming

2014

$6 million

Medical devices

2013

$4.4 million

Wearable panic button

2014

$3.8 million

Web publishing

2007

$3.5 million

Financial analysis, advice

2013

$2.8 million

Biomedical devices

2013

$2.4 million

Home energy management

2001

$2 million

Biotechnology for cancer

2010

$1.6 million

Biotechnology

2008

$1.3 million

Donation platform

2010

$1.1 million

Security consulting

2014

$1 million

*Following a 2016 acquisition, PeopleMatter now operates as Snagajob.
**Innocutis was aquired by Cipher Pharmaceuticals in 2015.
***BeliefNetworks was acquired by Benefitfocus in 2010.
****ImmunoLogix was acquired by Intrexon in 2011.

Source: Crunchbase

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October 18, 2017

Wow! This is amazing. I never realized that BoomTown raised over $20m and it really sets South Carolina up for many more up-and-coming businesses to startup here. Here's another one that's located in Baton Rouge that was interested in coming here.

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