Shegun Otulana Launches Harmony Venture Labs After $1.25 Billion Exit
Updated
Updated · AfroTech · Jul 17
Shegun Otulana Launches Harmony Venture Labs After $1.25 Billion Exit
1 articles · Updated · AfroTech · Jul 17
Summary
Harmony Venture Labs is Otulana’s new AI-forward venture studio, built to co-create and co-invest in B2B software startups after his 2021 $1.25 billion exit from Therapy Brands.
The Birmingham-based model targets gaps common in emerging tech hubs—thin talent pools and weaker capital networks—by concentrating founders, operators and funding in one studio.
HVL already lists startups including ListedKit.ai, PackPay, DealTree and SupplyFlo, and also works with corporations and institutions to turn industry problems into new ventures.
Otulana said the long-term aim is to seed Birmingham and the broader South with dozens of startups over the next 10 to 20 years, keeping more company-building momentum in Alabama.