Life City and SensPack grab $50,000 investments from Gray Ghost Ventures/Village Capital
Summary
As part of the Idea Village Entrepreneur Challenge 2011, a cohort of 14 companies were in the running to receive two $50,000 investments from Atlanta-based venture capital firm Gray Ghost Ventures/Village Capital. Since early November, the 14 companies have been meeting weekly, evaluating and assessing one another’s businesses. Yesterday, the group voted on the final allotment and the winners were Life City and SensPack! SensPack is a mobile medical monitoring device that extends basic healthcare to people outside the reach of hospitals, whether it be rural Americans or those in emerging markets. Rebirth helps secure financing for enterprises and helps them navigate the difficult-to-acquire financing available for small businesses; and GTC Nola, which looks to redefine the way taxi transportation is done in the US.