500Startups Invests in SupplyHog
The days have been few and far between when we’ve seen a group of Silicon Valley investors put money into a Chattanooga-based startup. But alas, such is the case with 500Startups and SupplyHog (and hopefully it’s a sign of many more to come from SV). Today, 500Startups released news of their latest “batch” of investments from all over the world. It was also covered on TechCrunch, GigaOm, NextWeb, and PandoDaily.
For those not familiar with SupplyHog, here’s a quick history about why we (CO.LAB) follow them closely:
June 2011- Nopone receives first investment from a Chattanooga seed fund
July 2011- Nopone is accepted into DreamIt Ventures’ accelerator in Philadelphia
November 2011- Nopone officially changes name to “SupplyHog” and launches website to much fanfare at DreamIt’s demo day
March 2012- SupplyHog raises second round of capital
August 2012- Version 2.0 of SupplyHog launches and begins generating revenue
October 2012- New investment infusion from Silicon Valley investors, 500Startups
Nathan and his team are now rolling out new products weekly and things are really moving. We are pumped to have Nathan and his team representing Chattanooga in the top entrepreneurial hotspot in the world!