Based on the feedback we received, our 10th annual Portfolio Day, held on October 3th, was the best we’ve ever had with 16 portfolio companies. We, at the Band, have had a small but often critical role to play in each of these companies which now employ hundreds of people, generate millions of dollars, and have the potential to change or create new industries.
ClinCapture, Inc., an eClinical software company, announced today that its integrated Captivate Platform, developed after raising a round of seed funding led by Healthy Ventures with participation from Rock Health, Royal Street Investment & Innovation Center, and Lateral Capital, LLC., has resulted in a record number of new customers for the company.
Lumenari, the leader in narrow-bandwidth LED phosphors for LCD display backlighting applications, today announces it has closed a $3 million Series A funding led by TJ Rodgers, Jeremy Blank, Revolution’s “Rise of the Rest” Seed Fund and Hanover Partners. The company will use the capital to complete an advanced lab-scale manufacturing line for its leading edge technology Emerald™, establish testing partnerships with packaged LED suppliers and pass initial qualification testing. Through this expansion, Lumenari expects to demonstrate market acceptance and revenue growth.
Nonprofit organizations live on fundraising. Spreadsheets and CRM systems have helped fundraisers track, sort, and reach out to potential donors. But fundraising is a high-touch, people-intensive activity.
Donor outreach may start out with mass mailings and email blasts, but effectively engaging with the biggest and most frequent donors usually requires a high degree of customization and personalization. For resource-constrained non-profit organizations, then, one of the biggest barriers to reaching out to more high-potential donors--and more frequently--is the need to tailor outreach.
This is one lesson Adam Martel learned firsthand as a fundraiser for Babson College, widely considered one of the world's leading institutions for the study of entrepreneurship. Martel's quest to solve this issue for himself and his team eventually became the kernel of an idea for an entirely new business he founded while studying for his MBA, which he pursued part-time while he helped Babson build its endowment.
Gravyty Technologies, which he co-founded in 2016 with Babson classmate Rich Palmer, draws on the power of AI to make data-backed predictions about the giving potential of donors and even help automatically write first drafts of personalized outreach emails.