Gray Ventures

Based in Roswell, Georgia, NetOne Talent disrupts the recruitment process outsource industry by providing on-demand access to pre-vetted gig recruiters. NetOne’s platform serves as a marketplace for companies to hire gig recruiters on a term basis in order to scale recruiting capacity as needed, eliminating costs and delivering quality talent. NetOne’s founders are seasoned operators who have considerable experience in the recruitment process outsourcing industry.

Illoominus, a Techstars-backed company, is a data analytics platform designed to empower leaders to activate and manage their organization’s DE+I strategy. Illoominus centralizes inclusion data from across departments to drive efficiency with automated reporting and equip HR teams to glean insights and spend more time on the actual initiatives.

Based in Alpharetta, Georgia, NuTEQ Solutions Inc. is an innovative Unified Communications as a Service (UCaaS) solutions provider for the broadband and utility industries. Comprised of a seasoned team of industry professionals, NuTEQ offers a unique single-screen unified communications platform (“GOCare”) for customer service. NuTEQ’s mission is to enhance its customers’ profitability, customer retention, and satisfaction by elevating the service experience.

Based in Cary, North Carolina, Simnovus enables 5G innovators to continuously test and validate network equipment, devices, and IoT by simulating 4G and 5G networks. Using commercial-off-the-shelf hardware, customers can deploy several testbeds in parallel and simulate thousands of UEs performing various realistic control and user plane traffic patterns.

Zinnia enables teams looking to grow closer and cultivate deeper working relationships by offering impactful offsite planning in just a few clicks. Zinnia also offers “Zinnia for Sales,” allowing sales teams to plan client-facing events in just a few clicks.

SwitchFrame enables brands and agencies to collect video testimonials from real customers and influencers, automatically edit them into an unlimited number of high-converting video ad frameworks in minutes, and multivariate test every possible combination at scale.

QuantHub delivers digital literacy and data fluency training via microlearning, in a format that adapts to the needs of each user. QuantHub’s customers include K-12 school systems, federal agencies, and enterprises such as McKinsey, BCBS, Dell, and Southern Company.

Founded in 1991, Gray Ventures is a private investment company established to support entrepreneurialism in the Southeast.

Gray Ventures I and II invested in 35 pre-revenue companies with geographic emphasis on Atlanta and the Research Triangle Park (RTP) in North Carolina and with sector emphasis on Information Technology. All 35 companies were founded by first-time entrepreneurs.

Gray Ventures III is a fund of funds supporting 25 early-stage venture funds in the Southeast in both Information Technology and Healthcare. Gray Ventures III was also the principal investor in Flashpoint, a Georgia Tech-affiliated accelerator, which to date has helped 80 startups.

Gray Ventures IV

Launched in 2022, Gray Ventures IV invests in seasoned entrepreneurs who are seeking to create disruptive solutions for large, growing, and dynamic markets. We focus on early-stage software companies with clear competitive advantages, specifically B2B SaaS models serving IT, telecom, and tech-enabled industries. We invest exclusively in the southeastern United States.

Our preference is to lead rounds by being up to the first $1 million of outside investment on the cap table. We will also enter into syndications, if invited.

When leading rounds, we invest by means of a proprietary equity security which aligns our interests with that of the entrepreneur. Before making each investment, we contemplate and plan for future rounds with identified partners whom we have invested with or have known for many years. Accordingly, we structure our “Series A-1” security such that the terms of the “A-2,” “B,” and “C” rounds are “bolted” on top of the prior series, resulting in clean cap tables and transparency for both the entrepreneurs and the investors.

Gray Ventures IV Portfolio

Principals

Bernard Gray

Alex Gray

Investments

Gray Ventures I & II

Accipiter
Bluebolt Networks
Chutney Technologies
Cognitech
Covendis
EGT
Electrifier
Extensibility
Ganymede
LiveWire Logic
Lysis
MediaOcean

MicroMass Communication
Monorail
Orologic
Overture Networks
Plurimus
SciQuest
Servigistics
Silverpop
Sofnet
SPI Dynamics
Synchrologic
and others

Gray Ventures III

AchieveIt
Acivilate
Adwerx
Apptega
AVOXI
Bark
BitPay
Carbice
Ceterus
CodeGuard
Codoxo
Cypress.io
Crunchy Data
Demand Driven
Dropoff
Endgame
Excel Health
Featurespace
Florence Healthcare

FraudScope
FSLogix
Greenlight*
Gro Solutions
inMotionNow
Insurance Zebra
Ionic Security
JouleX
Jvion
MacStadium
MapAnything
Payzer
Pendo.io*
Pindrop
PlayOn! Sports
PowerDMS
Prepaid Technologies
ProctorU
QASymphony

Red Canary
Reveal Mobile
RoadSync
Second Nature
SaaSOptics
Shipt
ShopKeep
Sift Media
SkuVault
SmartAsset
Spiffy
Spoonflower
Springbot
Trendkite
UserIQ
Vocalocity
YPrime
ZVerse
and others

*Unicorn