Serial entrepreneur Scot Wingo has signed on as CEO of his latest startup, on-demand mobile car wash Spiffy, a move that coincides with the business raising $5 million in outside capital and expanding via an acquisition.
Wingo’s move to a full-time role at Durham-based Spiffy doesn’t mean he is leaving his previous startup, publicly traded ChannelAdvisor. Wingo remains executive chairman at ChannelAdvisor, a Morrisville company that last year generated $113 million in revenue.
Wingo, who was ChannelAdvisor’s first CEO and took the company public, said he was eager to return to “being operationally involved and solving hard problems. Spiffy has no shortage of fun, interesting problems to go solve.”
Fresh off a new $5 million funder, Research Triangle Park’s Spiffy has acquired a competitor, giving it an instant presence on the West Coast.
The fund was led by Bull City Venture Partners, a Durham, North Carolina investment company managed by Jason Caplain and David Jones. Both are longtime backers of another firm that Spiffy CEO Scot Wingo co-founded: ChannelAdvisor.
Spiffy uses an app for customers to request on-demand car wash and care services. Part of the proceeds from its latest funder went toward purchasing Squeegy, a mobile car wash company that’s based in Los Angeles.
MORRISVILLE, N.C. — Lucerno Dynamics, a Morrisville company developing noninvasive sensor technology that can show the effectiveness of radiotracer injections in patients undergoing PET/CT scans, has launched a nationwide study to demonstrate the benefits of its system.
The study, called “Lara-Q1,” is to enroll more than 10,000 patients in up to a dozen sites around the country during 2017. A $300,000 Strategic Growth Loan from the North Carolina Biotechnology Center provided funding for the study. Lucerno said it’s the world’s largest quality improvement study ever conducted on the radiotracer injection process.
The company, founded in 2011, was awarded a $47,000 NC IDEA grant in 2012. In early 2014 the Biotech Center awarded Lucerno a $150,000 Small Business Research Loan to help it develop and test its technology.