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In 2001 iPIX received $30 million in investment funding from Memphis-based Paradigm Capital Partners and the Memphis Angels.
The Memphis Angels is a Memphis-based investment group specializing in early stage technology companies located primarily in the Southeast.
At the time of the investment in iPIX, Memphis Angels consisted of three groups of investors: Paradigm Capital Partners, LLC, six funding partners, and strategic adviser McKinsey & Co.
of Atlanta.
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