The South Carolina Angel Network (SCAN) recently announced that it has made three new investments with its statewide network of angel groups.
SCAN is a professionally managed network of more than 200 angel investors. Its main purpose is to develop a more efficient market for South Carolina’s early stage capital. SCAN accomplishes this through interested investors and strong deal flow in the region, as well as co-investors from neighboring states.
In its most recent investments, SCAN has invested in Rival Health with venture and angel groups from Georgia and Alabama. Rival Health was originally established by Pete Durand and has its headquarters in Raleigh, North Carolina. It offers personalized nutrition and exercise plans via a wellness platform online.
“These investments show our angel investors fulfilling our goal to 'make money, have fun and do good,'” SCAN Managing Director Paul Clark said. “Each company is an innovative and impressive business that should grow rapidly and generate strong investment returns. Each provides advanced and sophisticated technology that has been fun to analyze; and each is doing invaluable work in improving the health, fitness, and environment of people across the southeast.
“RivalHeath helps organizations improve the health, fitness and morale of their employees through daily exercise and nutrition coaching, social challenges, administering incentives and measuring outcomes from our proprietary RivalRating measurement system,” Clark said.