Memphis Changemakers Land Massive Deals and Global Recognition
From the pulse of soul music to the heart of technological innovation, Memphis continues to forge a path. The recent achievements of various homegrown entrepreneurs have put the city back on the global recognition map. Memphis-based businesses spanning sectors like carbon capture, medical devices, music distribution, and coffee have not only struck momentous deals, but are also gaining international recognition for their exceptional works.
Graphyte: Leading the Carbon Capture Movement
Landing large scale deals in addition to drawing global attention, Graphyteโan enterprise dedicated to environmental preservationโhas successfully created a carbon removal solution, known as โCarbon Casting.โ This solution blends nature’s carbon capturing capabilities with advanced technology, providing an instrumental tool in the battle against climate change. American Airlines took a sustainable leap by engaging Graphyte as their official carbon removal device provider, securing a whopping 10,000-ton permanestract carbon removal deal set to be delivered in early 2025.
Forbes Recognizes Hera Health Solutions
The breakthrough in medical devices comes from Hera Health Solutions, a pharmaceutical device company in Memphis. The company is geared towards the research, development, and commercialization of long-acting treatments offered through their proprietary drug delivery method. Heraโs flagship product Eucontra, promises timely degradation as a contraceptive hormone, eliminating the need for complex removal procedures. To add to the companyโs glory, CEO Idicula Mathew claimed a spot in Forbesโ โ30 Under 30โ list for his remarkable contributions to the sector.
Connect Music Raises $12 Million Investment
Moving on to the world of music, Memphis-based Connect Music made headlines with a remarkable $12 million in capital investment since its foundation in 2020. The company serves as an international music distribution platform, ensuring creators worldwide receive their due credit and compensation. Connect Music is backed by a line-up of prominent Memphis investors, with big names like Richard Smithโa top FedEx executive and Memphis Grizzlies legend Zach Randolph on board.
Notable Roaster of the Year: Cxffeeblack
Also making waves is Memphisโs Cxffeeblack โco-founded by Bartholomew Jones and Renata Hendersonโa coffee company with a clear mission. They aim to restore coffeeโs original purpose and credibility, strongly emphasizing its black history and subsequent role in black future. The company recently bagged the โNotable Roaster of The Yearโ award by Sprudge and successfully completed an early investment round, reaching their $100,000 target in less than a week on Wefunder.
Memphis: Epitome of Innovation
The recent string of achievements beautifully demonstrates Memphis’s vibrant innovation culture. With Memphis ranked in the top three โBest Places for Black-Owned Businessesโ by Nerd Wallet and Tennessee ranking sixth in โTop States to Start a Businessโ by Simplify LLC, it is clear that the city boasts a thriving entrepreneurial ecosystem. Industries such as bioscience, green industry, music, film, and manufacturing are seeing exceptional growth thanks to local innovators.
Ready to Start a Business in Memphis?
Memphis is the place to be, whether you want to start a business, relocate, or invest. It offers a wealth of opportunities, backed by a supportive community, unparalleled cultural heritage, and a rich talent pool. Prospective entrepreneurs are encouraged to check out Epicenter Memphis, a business incubator and accelerator at the heart of this uniquely vibrant city.
Author: STAFF HERE MEMPHIS WRITER
The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the areaโwith deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
