Innovation Portal makes 2 new investments and other tech news in Alabama

Barkd Received Funding From Innovation Portal
Barkd, a recent recipient of the Portal Fund from Innovation Portal in Mobile. Photo via Innovation Portal on Facebook

Did you know that two Alabama startups recently received big investments from a new startup incubator in Mobile? Every two weeks, we’re pulling together some big tech news from throughout the state to help you stay in the loop.

1. Innovation Portal announces first investments from Portal Fund

Alabama Startups
Deuce Drone and Barkd, two recipients of the Portal Fund from Innovation Portal in Mobile. Photo via Innovation Portal on Facebook

On February 10th, Innovation Portal announced the first investments made from its Portal Fund, a nonprofit investment fund for early-stage ventures in the Mobile area with high potential. The fund, which aims to attract and retain promising entrepreneurs in Mobile, invested a total of $75,000 into two Alabama startups, Deuce Drone and Barkd. In addition to the funding, both startups will have access to the brand-new Innovation Portal workspace in Mobile, which is designed to support local startups and encourage their growth in the region.

2. University Fancards Expands to 21 Schools in 16 States

University Fancards
Photo via University Fancards on Facebook

Earlier this year, University Fancards announced a multi-year extension with large collegiate sports marketing company Learfield IMG College, which will allow the Birmingham-based startup expand to 21 schools in 16 states throughout the United States. The new agreement signals growth for University Fancards, which now sells their products in more than 20,000 retails stores in addition to their online presence.

“We’re excited to be able to sign this extension with Learfield IMG College – an outstanding partner for over five years now when we started with the University of Alabama. Moving forward, we’re focused on our continued business strategies, growing our retail presence, and expanding our university partnerships to allow access to our proprietary data platform for consumer spending insights and additional contactless payment solutions.”

Lynn Boggs, CEO, University Fancards

3. LeanStream Announces Partnership with PowerSchool

Boy In Green Sweater Writing On White Paperalabama Startups
Earlier this year, LeanStream partnered with a large provider of K-12 tech products called PowerSchool. Photo via CDC on Unsplash

In late January, Alabama-based startup LeanStream Resource Partners announced that they will be collaborating with California-based PowerSchool, the largest provider in the U.S. of K-12 education tech products. Through their digital platform, LeanStream helps school systems promote and fund classroom activities by offering incentives to their charitable audience, such as “WiFi on the Go”.

By partnering with PowerSchool, LeanStream will have access to a larger audience and be able to impact more school districts, teachers and student organizations. At a time when community involvement is critical, LeanStream’s platform will help school systems efficiently manage their important fundraising initiatives.

Want to stay up-to-date on the latest startup news? Tag us @thebamabuzz to let us know, and be sure to follow The Bama Buzz on FacebookLinkedIn & Instagram for the latest!

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Nathan Watson
Tennessee native who fell in love with Birmingham during college. Graduated from Birmingham-Southern College in 2019. Passionate about Birmingham and its continued growth.
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