Business briefs, August 18

Aug. 17, 2014 @ 04:58 PM

Windsor Circle raises $5.25 million

DURHAM -- Windsor Circle, a Durham-based customer-retention software company, has raised $5.25 million in Series B financing.

Comcast Ventures, the venture capital affiliate of Comcast Corporation, led the funding round. Existing investors IDEA Fund Partners and Triangle Angel Partners (TAP) also participated. Steve Case, AOL founder and active investor, added $100,000 of funding to the round. 

“We are constantly working to improve and augment our retention marketing technology and software in order to help retailers keep their customers,” Windsor Circle CEO Matt Williamson said in a release. “The recent financing will enable Windsor Circle to extend its retention automation technology, expand into new channels and verticals, and meet increasing customer demand by expanding both team and marketing efforts.”

Up Global partners with Durham’s Groundwork Labs

DURHAM -- Up Global has partnered with Groundwork Labs to deliver the Startup Next program in Research Triangle Park.

Only two other programs have been selected for this partnership worldwide: Lean Entrepreneur Program in Vancouver, BC, and Start It Smart, in Sofia, Bulgaria.

Startup Next is a five week pre-accelerator program launched in 2012 and has been delivered in more than 40 cities around the world.

The program focuses on validating a business idea, customer development and an investor-ready pitch deck.

Groundwork Labs is a three-month program for selected entrepreneurs that provides mentoring, connections, advice and a three-month period of customer discovery and lean startup. Groundwork offers the program at no cost through the support of NC IDEA. It does not take an equity stake or make an investment.