Memphis, known as the 'Digital Delta,' is gaining global attention as its entrepreneurs achieve notable success in various sectors, including carbon capture, medical devices, music distribution, and coffee.
Graphyte, a Memphis-based company, recently signed a deal with American Airlines for its carbon-removal solution. The deal, which involves delivering 10,000 tons of permanent carbon removal devices by early 2025, marks Graphyte's first customer.
In the medical devices sector, Hera Health Solutions Inc., another Memphis-based company, is gaining recognition. Its CEO, Idicula Mathew, was included in Forbes' '30 under 30' list. The company focuses on developing long-acting treatments through biodegradable drug delivery implants.
Connect Music, a Memphis-based music company, has raised $12 million in investment since its inception in 2020. The company's growth has attracted local investors, including a top FedEx executive and a Memphis Grizzlies legend.
Cxffeeblack, a coffee company co-founded by Bartholomew Jones and Renata Henderson, was recently recognized as 'Notable Roaster of the Year' by Sprudge. The company launched a public investment campaign to fund new headquarters and develop a new curriculum with Vanderbilt University. The campaign reached its initial investment goal of $100,000 in five days.
Memphis continues to make strides in various industries, including bioscience, green industry, and manufacturing. It was recently ranked among the top three 'Best Places for Black-Owned Businesses' by Nerd Wallet, and Tennessee was ranked sixth in 'Top States to Start a Business' by Simplify LLC.
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