Print
Technology

KWIPPED Receives $1.3M Investment

By Johanna Cano, posted Jul 19, 2019
Wilmington-based KWIPPED Inc. has received an investment of $1.3 million from Live Oak Ventures, Wolfpack Investor Network, VentureSouth and the Angel Roundtable, according to a filing with the U.S. Securities and Exchange Commission.

Previously, Live Oak Ventures announced it was investing an undisclosed amount in KWIPPED to be used by the tech startup for recruiting new talent and adding suppliers.

Rob Preville, CEO and founder of KWIPPED said earlier this year that Wolfpack Investor Network, Venture South and the Angel Roundtable participated alongside Live Oak Ventures in the investment.

The startup raised all its goal funding amount through a private stock and equity offering, according to the filing.

KWIPPED is a B2B online marketplace for equipment rental and leasing that has raised a total of $2.16 million in the past two years.

In 2017, the company raised $579,809 in equity from 15 investors and, in another round that same year, it raised $272,500 in equity and debt from 10 investors.

KWIPPED is headquartered in downtown Wilmington.

Live Oak Ventures is a subsidiary of Live Oak Bancshares with a goal in investing companies that “support entrepreneurial companies fostering fintech growth in our local community,” stated a release.

Wolfpack Investor Network is an investment group from N.C. State University that brings together N.C. State alumni and innovative private companies, according to its website.

VentureSouth is an angel investment network that recently started a Wilmington chapter and is led by Rob Kaiser, its director.

The Angel Roundtable invests in late seed and early-stage companies with a Southeastern U.S. focus.

(Preville and Kaiser are part owners of KWIPPED. Preville is part owner of the Greater Wilmington Business Journal along with Kaiser, who is publisher of the Business Journal.)
Ico insights

INSIGHTS

SPONSORS' CONTENT
2022052 75 142344351

Elevating Wilmington: Why a New, Taller Bridge is Essential for Our Progress

Natalie English - Wilmington Chamber of Commerce
Untitleddesign12 101424113223

Carpe Diem

John Monahan - Vistage
Cfss headshots parker robert webversion 21422121214

Duke Energy Will Pay You Up to $9,000 to Go Solar with a Battery

Robert Parker - Cape Fear Solar Systems

Trending News

Developers Hope To Replace Old Motel With Apartments

Rickie Houston - Jun 20, 2025

City Officials To Proceed With Upset Bid Process For 'big Lease' At Skyline Center

Emma Dill - Jun 20, 2025

In The Current Issue

Life Science Industry Buzzing

“We want a rising tide to rise because it helps everybody. Wilmington has a lot of what we need (but we) just need everyone in the same rowb...


CFPUA Tackling Highest-priced Project Ever

While the Southside Plant has undergone numerous upgrades and expansions over the past five decades and continues to meet regulatory require...


Small Business Spotlight: Company Sinks Teeth Into Diving

The company’s primary focus has shifted from salvage, recovery and inspection to recovery and sales of fossils....

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season