About Alabama Launchpad
Alabama Launchpad is a venture capital firm founded in 2006. It is primarily based out of Birmingham, United States. As of Aug 2022, Alabama Launchpad has invested in 68 companies. It primarily invests in Grant (prize money) round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and Life Sciences. Most recently it participated in the $***** Seed round of TaxxWiz Overall, Alabama Launchpad portfolio has seen 3 acquisitions, namely IllumiCare, Vendrix and MOXIE IoT. Alabama Launchpad has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Grant (prize money) & Seed
Portfolio Acquisitions
Alabama Launchpad's List of Top Investments
Alabama Launchpad has a portfolio of 68 companies. Their most notable investments are in Lucid Living Solutions and Vendrix.Their portfolio spans across United States, United Kingdom and Germany. They have invested in Enterprise Applications, HealthTech, Life Sciences and 27 other sectors, across stages such as Grant (prize money), Seed stages. Here is the list of top investments by Alabama Launchpad:
1. Croux
On demand staffing platform for the hospitality sector. It connects candidates with companies. It allows users to browse shifts by pay, date, and time, for roles including event staff, general labor, brand ambassadors, soft security and access control, valets, parking attendants, ticketing, and more. It offers features such as finding talents, shift management, managing schedules, and more.
Key facts about Croux
- Founded Year: 2021
- Location: Birmingham (United States)
- Stage: Seed
- Total Funding till date: $3.5M
- Employee Count: 17 as on Aug 31, 2026
- Investors: Halogen Ventures, Alabama Launchpad and 1 Other
- Latest Funding Round: Seed, Mar 04, 2026, $*****
IOnline platform offering salary-linked payday loans to employees through employers. It enables employers to offer employees access to the updated earned money as the platform calculates work hours and notifies the amount earned through its app. Its app is available for iOS and Android devices.
Key facts about Immediate Solutions
- Founded Year: 2019
- Location: Birmingham (United States)
- Stage: Series B
- Total Funding till date: $51.4M
- Employee Count: 35 as on Aug 31, 2026
- Investors: Launchpad Capital, BankSouth and 5 Others
- Latest Funding Round: Series B, Jun 08, 2026, $*****
- Highlight: Editors' Pick
3. Acclinate
Key facts about Acclinate
- Founded Year: 2020
- Location: Birmingham (United States)
- Stage: Series A
- Total Funding till date: $15.5M
- Employee Count: 50 as on Aug 31, 2026
- Investors: LabCorp, Johnson & Johnson Innovation and 7 Others
- Latest Funding Round: Series A, Feb 11, 2026, $*****
4. XpertDox
AI powered medical coding and clinical trials solutions provider. The company's solutions include an autonomous coding solution accelerates the revenue cycle, The features include search engine, patient recruitment, and trial management and physician-facing internal platform for automated pre-screening, referral, and recruitment.
Key facts about XpertDox
- Founded Year: 2015
- Location: Birmingham (United States)
- Stage: Seed
- Total Funding till date: $3.58M
- Employee Count: 80 as on Sep 30, 2026
- Investors: CG Ventures, Alabama Launchpad and 2 Others
- Latest Funding Round: Seed, Jan 18, 2023, $*****
- Highlight: Editors' Pick
5. IllumiCare
IllumiCare is a health information company that provides clinical and business intelligence platforms for professionals. Its flagship product Smart Ribbons is an application that hovers over the EMR/CPOE data and when the physician navigates to a patient specific screen on the EMR/CPOE, the IllumiCare Smart Ribbon appears at the top of the screen and shows predicted harm data about the same patient being viewed. It also provides a real-time view of the financial and clinical impact of lab orders, hospital cost data and patient-specific financial data during the ordering process. Few other products developed by the company are app-based such as Stewardship, WHIRL, Controlled Substances, 360, and more.
Key facts about IllumiCare
- Founded Year: 2014
- Location: Birmingham (United States)
- Stage: Acquired
- Total Funding till date: $5.78M
- Employee Count: 32 as on Jul 01, 2024
- Investors: Alabama Launchpad
- Latest Funding Round: Series B, Jul 17, 2017, $*****
- Highlight: Acquired
Alabama Launchpad's Year-on-Year Investment Trends
Alabama Launchpad has invested in 68 companies over the last 12 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in TaxxWiz and most recent follow-on round was in Conserv.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 3 | 0 | 3 |
2021 | 2 | 0 | 2 |
2020 | 4 | 2 | 6 |
2019 | 6 | 0 | 6 |
2018 | 5 | 0 | 5 |
2017 | 1 | 0 | 1 |
Alabama Launchpad's Investments by Stage
Alabama Launchpad has made 21 investments in Grant (prize money) stage with an average round size of $58.4K and 9 investments in Seed stage with an average round size of $69.4K.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 21 |
Seed | 9 |
Note: We have considered here, only first round of investments
Alabama Launchpad's Investments by Sector
Alabama Launchpad has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, HealthTech, Vertical SaaS and FinTech. Notably, it has invested in 45 Tech companies, 29 Enterprise (B2B) companies, 23 Consumer (B2C) companies and at least 19 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Consumer | 9 |
HealthTech | 6 |
Vertical SaaS | 6 |
FinTech | 4 |
Others | 38 |
Note: We have considered here, only first round of investments
Alabama Launchpad's Investments by Geography
Alabama Launchpad has made most investments in United States (28).Alabama Launchpad's recent investments
Alabama Launchpad has not made any investment in 2026 so far.Here are the most recent investments by Alabama Launchpad:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 30, 2022 | United States | Seed | 9677 | - | |
Apr 29, 2022 | United States | Grant (prize money) | 1743 | - | |
Apr 29, 2022 | United States | Grant (prize money) | 3475 | - | |
May 13, 2021 | United States | Seed | 4633 | - | |
May 13, 2021 | United States | Seed | 6236 | - |
Acquired companies in Alabama Launchpad's Portfolio
3 companies from Alabama Launchpad's portfolio have been acquired. The most recent acquisition was IllumiCare in Jun 2025 by Premier for $*****.Here are Alabama Launchpad's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2025 | May 29, 2015 | Grant (prize money) | 2010 | |
Jun 11, 2025 | May 13, 2021 | Seed | 9962 | |
Nov 06, 2023 | Feb 25, 2020 | Seed | 5917 |
Team profile of Alabama Launchpad
Alabama Launchpad has a team of 1 member located in United States. Alabama Launchpad's team does not sit on the board of any company as of now.Co-investors of Alabama Launchpad
Over the past 12 years, 26 investors have co-invested in Alabama Launchpad's portfolio companies. This includes funds and angels.
- Invested before Alabama Launchpad: Jumpstart Foundry has invested before Alabama Launchpad.
- Invested after Alabama Launchpad: A total of 25 investors have invested in Alabama Launchpad's portfolio after their investments. Top Investors include Innovation Depot (2 companies), Benson Capital Partners (2 companies) and Techstars (2 companies).
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