SCRA Technology Ventures Presents "Big Checks" to GreenWizard and Terressentia
Charleston, SC- June 20, 2012- Yesterday, SCRA Technology Ventures’ SC Launch program presented two “big check” investments to Charleston-area companies GreenWizard and Terressentia during a networking event at the SCRA MUSC Innovation Center in Charleston. Both companies received previous investment funding from the economic development program and have qualified for additional investment through promising business growth.
GreenWizard is a comprehensive product management software and project collaboration provider that enables the design and construction community to better manage products and project data, collaborate on projects, assess LEED design and construction credits, integrate with LEED Online, and archive projects. GreenWizard’s tools simplify the process of building efficient, healthy, and sustainable construction projects. Architecture, Engineering, and Construction firms are able to utilize GreenWizard’s interactive and dynamic tools to collaborate on product data and documentation, which is supplied and updated directly from manufacturers.
The company’s CEO, Adam Bernholz, is a successful entrepreneur. Bernholz previously worked in the venture capital industry before founding The Service Source, a business to business marketplace for business services. Bernholz founded GreenWizard after looking to build his own net-zero home near Charleston.
“While researching potential materials for my own home, I realized the profound market pain associated with researching, procuring and documenting green building products,” said Bernholz. “I founded GreenWizard to address this pain point in this growing market, as well as assist in the marketing, sales and distribution of green building products. We have had great success in reaching these markets, and the support of SC Launch will certainly help GreenWizard to continue to grow.”
Terressentia was founded in Charleston, SC in 2007, by a group led by Earl D. Hewlette. Hewlette serves as CEO and is a Columbia, SC native with an MBA and law degree from the University of South Carolina. His distinguished career includes more than a decade in law practice and over 25 years of successfully leading several resort and hospitality businesses.
Terressentia has created a patented, award-winning manufacturing technology process called TerrePURE® that quickly refines high-quality distilled spirits for retailers and private brand owners. This revolutionary process uses energy-driven oxidation and filtration.
“We are delighted to receive this additional investment from SC Launch,” said Hewlette. “The support of SC Launch has brought meaningful contributions to our company as we continue to meet milestones and grow.”
“These are two Lowcountry-based companies that have made great strides in recent years,” said SCRA Executive Vice President Ambrose Schwallie. “We look forward to the future successes and contributions that GreenWizard and Terressentia will bring to the Charleston area, and will ultimately help grow South Carolina’s Knowledge Economy.”
SCRA Technology Ventures has provided funding and support, through its SC Launch program, for 271 qualified entities since its inception in 2006. The SC Launch program has attracted more than $185 million in add-on, private equity investment funding in South Carolina knowledge-based, start-up companies.
About SCRA and SC Launch
SCRA is an applied research corporation with over 29 years of experience delivering technology solutions with high returns on investment to federal and corporate clients. Our flagship SC Launch program, managed by the Technology Ventures sector, helps early-stage companies to commercialize innovations and create jobs. SC Launch has supported 271 entities in South Carolina through investments and other support services. Multiple economic impact studies show SCRA’s cumulative impact on South Carolina’s economy to be over $14 billion.