2018 Meeting Archive

During 2018 Beacon Angels entertained new funding proposals from companies and due diligence reports, respectively, as follows :

January 9, 2018

  • Meenta which helps scientists more fully access costly and limited laboratory resources by finding, accessing and sending biological samples to idle equipment via the Cloud; and
  • Tӧst Beverages, which develops and sells uniquely delicious non-alcoholic celebratory beverages.

February 13, 2018

  • Jobletics, an on-demand temp staffing marketplace for the food service and hospitality industry, and
  • Name Net Worth, which offers an app to convert your networking activity into sales opportunities.

Members’ due diligence reports: Magurobotics, and Töst Beverages. 

March 13, 2018

  • GoPetie, a B2B & B2C mobile platform that connects pet owners to each other, to local service providers and municipalities in a social community environment, and
  • GuruSnaps, which connects business owners with professionals (Gurus) who can help them sell their business on the best terms.

Members’ due diligence reports: Töst and Jobletics.

April 10, 2018

  • Rockstep Solutions, which offers Climb, a scalable SaaS animal laboratory informatics software product that is designed in the Azure™ Cloud to leverage smart-lab technologies and utilize more elastic resources.

Due diligence update: Tӧst,

Beacon hosted funding updates by the CEOs of Pykus Therapeutics, and Spiro Technologies.

May 8, 2018

  • Zippity Cars, which offers maintenance services directly to car owners at their place of business,
  • BioTrak Therapeutics, which offers a mobile behavioral health app for the 2.4 billion people worldwide who suffer from frequently recurring tension-type headaches & migraines, and
  • ScholarJet, where students earn college scholarships and companies reach a talented pool of college students, vet candidates for internships and employment, and enhance their employer brand.

We heard an update on Meenta, a prior Beacon presenter.

June 12, 2018

  • LASO Technologies, which is selling a very waterproof Iphone case and is developing other field-use Iphone accessories; and
  • ENTERAstim, which is developing a therapeutic system to stimulate the small bowel in the human GI tract electrically and speed the return of its motility from ileus to normal.

We also heard:

  • Due diligence reports on Zippity Cars and on ScholarJet, and
  • An update from the CEO and founder of portfolio company Ecare Vault.

Finally, we conducted a full review of the health and prospects of the companies in the Beacon Angels portfolio.

July 10, 2018

  • Waec, which provides a low-cost, efficient local delivery option for consumers and stores using autonomous ground drones that politely navigate sidewalks and crosswalks, and
  • Mobile Price Card is which offers a patent-pending technology to help consumer electronics retailers improve sales by advertising on the screens of devices already on display.

September 11, 2018

  • QMedic, which offers a smart emergency help button service partnered with health insurers to support high-risk members living at home; and
  • Datarista, a platform for data providers in the third-party Sales & Marketing data industry to create and manage integrations in CRM and Marketing Automation platforms such as Salesforce, Marketo & Eloqua.

Member reports:

  • Beacon’s participation in any extension of the Zippity round; and
  • Update on the pending bridge round by Siamab Therapeutics.

October 9, 2018

  • Omega Trace, which is offering a product suite for brick and mortar businesses to monitor and track visitors to their premises, and
  • Weft-Tex, which has developed and is selling a proprietary breath-through crib mattress.

Member updates and due diligence: Datarista, and Zippity Cars.

November 13, 2018

  • First Light Biosciences, which has developed and will be bringing to market a self-contained benchtop system to diagnose antibiotic-resistant infections in hospitals; and
  • Enviro Power, which has developed the SmartWatt™ Boiler, a 95% efficient, closed-loop micro steam turbine for heating systems in homes and businesses to generate electric power on-site both as a backup and more cheaply than grid-supplied power.

Members’ due diligence reports and company updates:

  • Datarista, a platform in the third-party Sales & Marketing data industry for data providers to create and manage integrations in CRM and Marketing Automation platforms such as Salesforce, Marketo & Eloqua; and
  • Concrete Sensors, which is selling a system for building professionals to monitor and control the concrete curing process.

December 11, 2018

  • Invitrometrix, which has developed and is selling devices to life science research and drug discovery companies that uniquely provide continuous, real-time, quantitative monitoring of cells in culture, and
  • Walch High School Math, which automates the development and deployment of high school curricula, giving school districts a virtual curriculum department in the cloud.

Member Due Diligence:

  • Datarista, which offers a data platform for the Sales & Marketing data industry; and
  • First Light Biosciences, which has developed and will be bringing to market a self-contained benchtop system for the on-site diagnosis of antibiotic-resistant infections in hospitals.
Posted in Beacon Angels Events, Boston angel investing, Boston Startups, Funding Presentations, Uncategorized | Tagged , , ,

Enrich Therapeutics & Obsidian Advanced Manufacturing

Beacon Angels will entertain the following new funding proposals at its meeting on March 10, 2020:

  • Enrich Therapeutics, which is developing a LCD-guided cell-isolation platform to enable life science research at the single-cell level; and
  • Obsidian Advanced Manufacturing, which offers a breakthrough method of printing micron-scale sensors, electromagnetics structures and radio-frequency devices directly on high-value assets.

We will review and discuss company updates including:

  • Funding a follow-on round of Xeno,
  • Funding a new round into Theromics,
  • Completion of the follow-on funding of Launchpad Medical, and the
  • Exit of Concrete Sensors.
Posted in Beacon Angels Events, Boston angel investing, Boston Startups, Funding Presentations

Wabbi & IndustrialML

At its next meeting on February 11, 2020, Beacon will entertain the following new funding proposals:

  • Wabbi; which is developing a platform to provide continuity of information to make security scalable between software development pipelines, so teams no longer have to choose between speed and security; and
  • IndustrialML, which is an enterprise software company that collects, cleans, and curates factory sensor and enterprise IT data, enabling industrial customers to optimize factory productivity using its proprietary machine-learning SaaS platform.

We will review and discuss company updates including:

  • Exit of The Search Agency,
  • Funding follow-on rounds including of Launchpad Medical, and Xeno, and
  • Exit of Concrete Sensors.

Members will report on companies in due diligence consisting of:

  • Theromics, and
  • Testive.
Posted in Beacon Angels Events, Beacon Angels Exits, Beacon Events, Boston angel investing, Boston Startups, Funding Presentations, Private Equity, Uncategorized

Theromics & Testive

At the Beacon Angels meeting, on Tuesday, January 14th, 2020, members reported on companies in due diligence consisting of:

  • Jetcool Technologies,
  • Native Voice, and
  • Navigation Science

We then entertained new funding proposals from:

  • Theromics, which is developing HeatSYNC™ a new medical device technology to optimize thermal ablation (IGTA) of solid tumors or soft tissue; and
  • Testive, which uses machine learning to deliver test prep at a lower cost and at higher margins.
Posted in Beacon Angels Events, Beacon Events, Boston angel investing, Boston Startups, Funding Presentations, Past Beacon Meetings, Private Equity

2019 Meeting Archive

At its regularly scheduled meetings during 2019 Beacon Angels entertained new funding proposals from companies and due diligence reports, respectively, as follows :

January 8, 2019

  • Neurohydrate which offers a nutritional supplement to help migraine sufferers mitigate the gastrointestinal side effects of treatments, and
  • Theromics, which offers a platform for surgeons and oncologists to thermally ablate cancerous tumors, potentially cutting recurrence from an average of 30% to zero.

Due diligence: Walch High School Math.

February 12, 2019

  • WEVO, which enables marketers to evaluate and enhance digital experiences without the need for live traffic, disrupting the traditional market research and AB testing tools. and
  • Xeno Biosciences, which is developing a treatment for obesity that mimics gastric bypass surgery with an enteric-coated pill composed of components that have been shown to be safe in man. It induces the same microbiome changes caused by the surgery resulting in weight loss.

We also entertained a presentation by The Capital Network.

March 12, 2019

  • Cricduel, a fantasy cricket app (i.e. Draftkings, but for cricket) where users create fantasy cricket teams and compete with other users for cash prizes; and 
  • Canary, offering the services of an Airbnb, but for performing artists (bands and musicians) and venues such as restaurants and bars. 

Due diligence reports: Wevo and Xeno Biosciences.

April 9, 2019

  • Hilltop Biosciences, which develops and sells therapies for wound healing to large animal veterinarians; and 
    Shareity, which offers a patented social engagement platform to enable brands to create photo and video challenges whereby brands can donate money to causes as users complete the challenges. 

Due diligence: Xeno Biosciences and Canary.

Beacon portfolio company Cognoptix delivered an update on its upcoming bridge round to a larger financing, whereby the valuation is hoped to represent at least a 10X increase over Beacon’s original investment over 10 years ago.

May 14, 2019

  • Southie Autonomy, which is developing software to program robotic arms on the fly; and
  • CloudKPI, which offers predictive analytics for SaaS businesses to use business data to identify what delivers positive or negative outcomes.  

Due diligence report: Shareity.

June 11, 2019

  • U-Chu Biosensors, which is developing real-time oral health sensors for critical care; and
  • KingsCrowd, which is offering an analytics and ratings solution for online private equity markets.  

Enviro Power, a past presenter offering a micro-power generation solution, gave Beacon an update on new progress and on its current funding round.

July 9, 2019

  • Eden GeoTech, which is developing a new means of petroleum reservoir extraction using electrical stimulation in lieu of hydraulic fracturing; and 
  • Mollify, which use game techniques to incent smartphone users to create and upload their own video advertisements for client advertisers.

Due diligence reports on:

  • Enviropower which is developing a furnace-based system for point-source power generation, and
  • KingsCrowd, which seeks to become the Morningstar of the private equity markets.

September 11, 2019

  • PartRunner, which provides on-demand deliveries for trades, construction and service businesses through (1) Web and mobile apps where customers can request, track and manage deliveries and (2) a mobile app that allows drivers to match with deliveries, see routes and manage their profile business model; and 
  • Revital Therapeutics, which is developing improved, skin-substitutes to serve the $1 billion diabetic wound treatment market.

October 8, 2019

  • FastClose, which offers an on-line platform on which to close real estate sales and purchases; and 
  • ZipperAgent, offers an AI-based mobile and conversational smart assistant for real estate agents and brokers.

Due diligence: KingsCrowd.

We also heard progress reports about follow-on rounds by Datarista, Cognoptix and First Light.

We also considered follow-on funding proposals from Cognoptix and First Light Diagnostics.

November 12, 2019

  • Uneva Health, which is developing a medical device to improve asthma inhaler usage and compliance; and 
  • JETCOOL Technologies, which is developing integrated cooling solutions for the most power-dense electronics in defense, e-sports and AI processing.

Due diligence: ZipperAgent. 

December 10th, 2019

  • Native Voice, which is developing an open operating system to enable manufacturers of smart headphones, a/k/a “hearables,” to add voice applications to any device; and
  • Navigation Science, which is developing Image-guided Video-Assisted Thoracoscopic Surgery (iVATS™) technology for the minimally invasive identification of early-stage tumors and their margins, and their more precise removal from the lungs and other soft tissues.

Due diligence: Uneva Health, and Jetcool Technologies.

Posted in Beacon Angels Events, Beacon Events, Boston angel investing, Boston Startups, Funding Presentations, Past Beacon Meetings, Private Equity, Uncategorized | Tagged , ,

Massachusetts Rated No. 1 for Innovation

WalletHub recently listed Massachusetts as first among all 50 of the United States for its potential to foster innovation, as well for having the number three healthiest economy overall so far in 2019.

Beacon Angels is pleased to be a contributor to that potential by continuing to invest in new startup companies based in Massachusetts and throughout New England and through its ongoing support of the many New England-headquartered companies in its portfolio.

 

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Beacon Angels 2017 Meeting Archive

December 12, 2017

New funding presentations:

  • PrettyInstant, the world’s first managed marketplace for professional photography, saving clients time, money, and aggravation associated with hiring contract photographers; and
  • com, which is developing a marketplace to improve the used textbook-buying experience.

Member due diligence report: Magurobotics.

November 14, 2017

New funding presentations:

  • Labby, which has developed and sells a food and beverage testing device, to be used on-the-go for counterfeit detection, measurement and quality control in beer and wine production and sales; and
  • Magurobotics, which has developed and sells a lure device potentially to revolutionize the sport-fishing and bait-fishing industries.

Members’ due diligence update:

  • SNO Dietary Management.

October 10, 2017

New funding presentations:

  • Simplified Nutrition Online Solutions, which develops and markets dietary management tracking software to eldercare institutions, the US military, correctional facilities, food distributors and manufacturers; and
  • DJ Microlaminates, a materials science company seeking to market thick dry film laminate sheets and rolls for wafer fabrication processes, sensors, MEMS, microfluidics and medical and consumer devices.

Members delivered due diligence updates on:

  • Pykus Therapeutics and
  • Alps & Meters,

Plus a funding update on VetX.

September 12, 2017

New funding presentations:

  • Alps & Meters, a luxury sportswear brand powered by a home try-on model of B2C service and distribution; and
  • Crown Comfort, a revenue generating company self-described as “Waze for buildings. We crowd-source building data (comfort, maintenance, safety, etc.) from occupants to help organizations operate more efficiently.”

Members’ due diligence reports: Pykus Therapeutics and Patheer.

August 19, 2017

garden-party-image

Beacon enjoyed its 2017 Summer Garden Party on Saturday evening, August 19th.

July 11, 2017

New funding presentations:

  • Thinking Chat employs artificial intelligence techniques to provide an improved chat agent to improve Web site lead capture by 30% or more using consistently effective dialogs 24-hhours per day.
  • Spiro Technologies uses self-writing customer relationship management software to increase sales effectiveness. Spiro aims for a CRM so intelligent that it updates itself automatically as a salesman works, and provides users with alerts to drive sales.

Member due diligence reports:

  • Pykus Therapeutics,
  • Patheer, and
  • VetX, and
  • DoneGood.

Beacon’s upcoming get together will be its Summer Garden Party on the evening of Saturday, August 19th.

June 13, 2017

Funding Presenters:

  • Nutrimedy, led by Edwin Rivera, which is developing a novel telehealth platform that transforms disease prevention and management by matching people with Registered Dietitians; and
  • DoneGood, led by Cullen Schwarz, which offers a browser extension and mobile app to help consumers to find ethically-sourced environmentally-friendly goods produced by social enterprises.

Beacon members also presented and reviewed due diligence reports on:

  • Pykus Therapeutics,
  • Patheer,
  • Frontlane,
  • VetX, and
  • NextShift Robotics.

The CEO of Siamab Therapeutics also presented an update.

May 9, 2017

Presenters were:

  • Prapela, led by John Konsin, integrates breakthrough technology into products to help babies relax, breathe and sleep; and
  • NextShift Robotics, led by Mary Ellen Sparrow, which is developing an e-commerce order fulfillment system whereby robots communicate with each other, and work more efficiently with human ‘pickers,’ enabling 3X to 8X efficiency improvements.

Beacon members also presented and review due diligence reports:

  • Pykus Therapeutics,
  • Unite GPS,
  • Patheer,
  • Frontlane &
  • VetX.

April 11, 2017

Funding Presentations:

  • FrontLane offers the Braking Bar,™ a patent pending, wireless, battery powered Adaptive Brake Light that can be added to any vehicle to help prevent the most frequent type of car accidents: rear-end collisions; and
  • VetX, which offers a communications and analytics platform for veterinary clinics and pet owners, with an initial focus on extending clinics’ triage services after-hours and on weekends.

Members’ due diligence reports:

  • Pykus Therapeutics,
  • UniteGPS,
  • QSM Diagnostics, and
  • RacerX.

March 14th, 2017

Funding Presentations:

  • Green Pinata, which sells subscriptions for high-quality, wooden toys to delight children, save parents money and reduce clutter; and
  • Patheer, which offers an enterprise talent development platform for employers to retain and grow talent while empowering employees to drive their own careers.

Member due diligence reports and updates on recent presenters:

  • Pykus Therapeutics,
  • UniteGPS,
  • MyBlend,
  • QSM Diagnostics &
  • RacerX.

February 14th, 2017

Funding Presentations:

  • Pykus Therapeutics, which is developing a dissolvable intraocular device to make retinal surgery less painful and more successful; and
  • UniteGPS, which develops software tools related to location. Their first product is being sold to school districts nationwide and is called Crosswalk.

Member due diligence reports and update: My Blend

Portfolio company CEO update: IQuartic.

January 10, 2017

Funding Presentations:

  • My Blend, creating new ways for fashion and lifestyle brands to better engage with consumers by de-cluttering their e-mail inboxes, opening conduits to the social digital lives of women in the age 25-40 demographic; and
  • The Wardrobe Essentialist, launching a two-sided menswear marketplace employing unique multi-brand data and machine learning to proffer personalized merchant recommendations, leading to more orders, lower return rates, and a superior return on Ad Spend.

We discussed our new investment in Ecare Vault, and heard diligence reports concerning QSM Diagnostics and RacerX.

Posted in Beacon Angels Events, Beacon Events, Boston angel investing, Boston Startups, Funding Presentations, Past Beacon Meetings, Private Equity, Uncategorized