Startup Factory taps three Triangle companies

Business accelerator The Startup Factory has selected four businesses, including three based in the Triangle, for its next 12-week mentoring session.

Durham-based Startup Factory is investing $50,000 in the startups in exchange for a 7.5 percent ownership stake and will offer a loan convertible to equity ranging from $20,000 to $150,000 after the companies complete the mentoring program.

With the new investments, Startup Factory to date has invested $2.6 million in 26 companies. The three Triangle-based startups selected for the program, along with descriptions provided by Startup Factory, are: