RALEIGH — A global early-stage venture capital firm is setting up shop in the Oak City.
Columbus, Ohio-headquartered LOUD Capital has opened its fifth office in Raleigh — its first dedicated office in the South.
The company said it sees the Triangle region as a “prime spot,” and its office will serve as a base for outreach across the region to fund and cultivate “promising new startups.”
It will be managed by LOUD partner and physician relations director, Dr. Marshall Kuremsky.
“It’s a privilege and honor to help lead LOUD’s newest office as we expand into the Carolinas and the South,” said Kuremsky, who is also a partner and practicing orthopedic surgeon with Emerge Ortho.
“From our office in the heart of Raleigh, we look forward to bringing LOUD’s international presence to the area to bring capital and guidance to those entrepreneurs in the Research Triangle, the Carolinas, and beyond whose projects show promise to help shape and change the world.”
Since its launch in 2015, LOUD’s portfolio has grown to encompass nearly 50 companies across an array of sectors, including finance, healthcare, and manufacturing.
Social impact investing is at the center of its strategy.
“By funding startups and entrepreneurs that show potential to effect change for the better in their communities, LOUD provides value beyond capital,” the company said per its release.
Among its portfolio companies: the Hyperion hypercar, which uses environmentally friendly hydrogen as a power source. It has already garnered multiple headlines and acclaim in advance of its scheduled 2022 production date.
“We believe LOUD can utilize our purpose-driven platform to offer education, opportunities, and services to this incredible growing environment,” adds Navin Goyal, MD; CEO and co-founder of LOUD Capital.
“Over the past few years, Marshall has been representing LOUD in the Research Triangle area with his high energy and standards of professionalism. We are extremely excited for him to manage our new Raleigh office and continue to build upon the great foundation he’s set.”
Original Article Source: WRAL TechWire