One of Birmingham’s Brightest Entrepreneurs, Shegun Otulana, Sold His Company for $1.2 BILLION

by | Jan 10, 2024

Otulana plans to use what he learned from creating TheraNest and Therapy Brands to build Birmingham’s economy.  With his new entity, Harmony Venture Labs, Otulana’s goal is to create software as a service, specifically B2B SaaS.

“HVL takes a venture equity approach to building companies. Venture capitalists and private equity people take a lot of risks, so they are more interested in companies that are very capital efficient and very profitable,” Otulana told ComebackTown.

“My experience is that those companies actually have a better chance of succeeding in a place like Birmingham.”