Durham-based Resilient Ventures Fund I is suing Techturized Inc., an Atlanta beauty technology startup, over payments tied to two revenue-sharing investments.
In a Durham County Superior Court complaint, Resilient says it invested $100,000 in Techturized in 2020 and another $100,000 in 2021. Techturized, which operates the AI hair-care platform MYAVANA, agreed to make cash-flow payments once it hit defined revenue targets, according to the filing. The complaint describes Resilient as an industry-agnostic committed capital fund that invests in early-stage companies with revenue and market fit.
The lawsuit says Techturized later agreed to restructure those obligations through a December 2023 omnibus amendment. That deal set a payment schedule totaling $1,279,499, with payments due between December 2023 and December 2025. Resilient says Techturized made the first $169,135 payment, partially paid the June 2024 amount, and has not made the remaining payments.
Resilient is seeking at least $837,500, plus interest and attorney's fees. The complaint also says Techturized failed to provide required financial reports and did not issue stock certificates after Resilient exercised a warrant to buy 86,993 common shares.
The case is Resilient Ventures Fund I L.P. v. Techturized Inc., case number 26CV003864-310. The allegations are claims in a civil complaint and have not been proven in court.