NJTC Venture Fund

As of 2008 NJTC Venture Fund is no longer an active investor. NJTC Venture Fund made catalytic seed, startup, and early stage venture capital investments. The firm actively partners with entrepreneurs to build unique, leading-edge businesses that drive superior returns for investors and economic growth in the community.

Jim Gunton

General Partner

25 past transactions

InstaMed

Venture Round in 2014
InstaMed Communications, LLC, founded in 2004 and headquartered in Philadelphia, Pennsylvania, operates a healthcare payments network that connects providers, payers, and consumers through a unified cloud-based platform. The company offers several products, including InstaMed Online for Providers and InstaMed Online for Payers, both of which facilitate secure management of healthcare payment transactions with role-based security. Additionally, InstaMed Connect integrates healthcare payments into existing IT applications via APIs. By streamlining electronic transactions and consolidating payment processes, InstaMed aims to reduce the risks and complexities associated with multiple payment vendors, ultimately enhancing consumer satisfaction and enabling providers to collect payments more efficiently. As of 2019, InstaMed operates as a subsidiary of JPMorgan Chase Bank, National Association.

SunRay Scientific

Grant in 2010
SunRay Scientific LLC is a manufacturer of advanced materials based in Long Branch, New Jersey, specializing in conductive adhesives that facilitate the assembly of flexible electronics. Founded in 1998, the company provides innovative solutions, including conductive inks, epoxies, and encapsulants, designed to enhance flexible circuitry in next-generation wearable electronics and semiconductor packaging. SunRay Scientific caters to various industries, including healthcare, military defense, automotive, and consumer electronics, by enabling high throughput processes in flexible electronics assembly. The company generates revenue through material sales, licensing, and engineering services, contributing to the advancement of flexible hybrid and miniaturized electronics.

InstaMed

Venture Round in 2010
InstaMed Communications, LLC, founded in 2004 and headquartered in Philadelphia, Pennsylvania, operates a healthcare payments network that connects providers, payers, and consumers through a unified cloud-based platform. The company offers several products, including InstaMed Online for Providers and InstaMed Online for Payers, both of which facilitate secure management of healthcare payment transactions with role-based security. Additionally, InstaMed Connect integrates healthcare payments into existing IT applications via APIs. By streamlining electronic transactions and consolidating payment processes, InstaMed aims to reduce the risks and complexities associated with multiple payment vendors, ultimately enhancing consumer satisfaction and enabling providers to collect payments more efficiently. As of 2019, InstaMed operates as a subsidiary of JPMorgan Chase Bank, National Association.

InstaMed

Venture Round in 2009
InstaMed Communications, LLC, founded in 2004 and headquartered in Philadelphia, Pennsylvania, operates a healthcare payments network that connects providers, payers, and consumers through a unified cloud-based platform. The company offers several products, including InstaMed Online for Providers and InstaMed Online for Payers, both of which facilitate secure management of healthcare payment transactions with role-based security. Additionally, InstaMed Connect integrates healthcare payments into existing IT applications via APIs. By streamlining electronic transactions and consolidating payment processes, InstaMed aims to reduce the risks and complexities associated with multiple payment vendors, ultimately enhancing consumer satisfaction and enabling providers to collect payments more efficiently. As of 2019, InstaMed operates as a subsidiary of JPMorgan Chase Bank, National Association.

Archive Systems

Series B in 2007
At Archive Systems, their vision is to change the way organizations view document processing by enabling them to virtualize the back office. The company was founded in 1991 to address the demands of businesses overwhelmed with paper and seeking a records storage company to solve their paper storage issues. In 1998, they pioneered the first services-based, on-demand document management solution, ASPEN 360. The Virtual File Room Edition allows organizations to image and access a wide range of content including HR employee records and I-9 forms as well as legal documents and leases.The product includes ASPEN 360 Paper Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. Their records management services include everything from business records storage and document shredding to offsite data storage and document conversion. With a network of owned and operated Record Centers complete with barcode tracking, system-driven workflows and sophisticated records management systems, they ensure that your records are well protected, yet easily accessible when needed.

InstaMed

Venture Round in 2007
InstaMed Communications, LLC, founded in 2004 and headquartered in Philadelphia, Pennsylvania, operates a healthcare payments network that connects providers, payers, and consumers through a unified cloud-based platform. The company offers several products, including InstaMed Online for Providers and InstaMed Online for Payers, both of which facilitate secure management of healthcare payment transactions with role-based security. Additionally, InstaMed Connect integrates healthcare payments into existing IT applications via APIs. By streamlining electronic transactions and consolidating payment processes, InstaMed aims to reduce the risks and complexities associated with multiple payment vendors, ultimately enhancing consumer satisfaction and enabling providers to collect payments more efficiently. As of 2019, InstaMed operates as a subsidiary of JPMorgan Chase Bank, National Association.

Gaia Power Technologies

Series B in 2007
Gaia Power Technologies, Inc. provides distributed energy management and storage systems in the United States. The company offers PowerTower, a backup power system that provides power for homes and businesses. It offers its products through resellers and distributors. Gaia Power Technologies, Inc. was founded in 2002 and is headquartered in New York, New York.

Viracor-IBT Laboratories

Series C in 2007
Viracor-IBT Laboratories is dedicated to being the leading specialty diagnostics laboratory partner in allergy, immunology, and infectious disease testing. They provide doctors and hospitals the tests, results and support they need to deliver the best care possible, and they collaborate with pharmaceutical researchers to solve difficult problems and accelerate drug development.

Sword Diagnostics

Series B in 2007
Sword Diagnostics, Inc. is a life sciences company specializing in diagnostic solutions for research, drug development, and clinical diagnostics in the United States and internationally. Founded in 2004 and headquartered in Chicago, Illinois, the company offers innovative products designed to enhance disease detection through ultra-sensitive technology. Key offerings include the Sword diagnostics system, Sword reagent kits, and the Sword ELISA Booster, which employs a unique substrate that generates a quantifiable Raman signal using various microplate readers. Sword Diagnostics addresses the challenges faced by researchers in measuring and understanding biomarkers associated with health and disease, aiming to improve the utility of existing diagnostic assays and facilitate the exploration of new biological markers.

Sword Diagnostics

Series A in 2006
Sword Diagnostics, Inc. is a life sciences company specializing in diagnostic solutions for research, drug development, and clinical diagnostics in the United States and internationally. Founded in 2004 and headquartered in Chicago, Illinois, the company offers innovative products designed to enhance disease detection through ultra-sensitive technology. Key offerings include the Sword diagnostics system, Sword reagent kits, and the Sword ELISA Booster, which employs a unique substrate that generates a quantifiable Raman signal using various microplate readers. Sword Diagnostics addresses the challenges faced by researchers in measuring and understanding biomarkers associated with health and disease, aiming to improve the utility of existing diagnostic assays and facilitate the exploration of new biological markers.

IntegriChain

Series A in 2006
IntegriChain is a cloud-based channel management platform designed for life sciences suppliers, including many leading pharmaceutical manufacturers. The platform enables clients to efficiently manage supply chain relationships, inventories, and orders across a wide network of retailers, e-commerce, and distributors. By leveraging aggregated channel inventory and point-of-sale data, IntegriChain offers a suite of applications and analytics that enhance collaboration among customer operations, national accounts, and finance teams. This innovative approach provides an agile and mobile alternative to traditional enterprise resource planning systems. IntegriChain's solutions help to control distribution costs, improve product availability, and enhance revenue predictability, facilitating over $200 billion in annual U.S. commerce and two billion transactions each year. The company is supported by Accel-KKR, a prominent technology private equity firm.

CebaTech

Series C in 2006
CebaTech, Inc. designs, develops, and licenses high-value silicon intellectual property (IP) cores. The company focuses on delivering hardware solutions that accelerate data and storage networking applications. Its products include CebaRIP cores, such as a family of advanced encryption standard IP cores that provide hardware encryption and decryption to meet data security needs; data deflate cores; and LZRW3, MD5, and SHA-1 cores, which are direct hardware embodiment of original software implementations that enable FPGA or ASIC solutions for data compression and decompression, and cryptographic hash functions. The company also provides software models for virtual prototyping cards and cores, as well as for early pre-hardware integration, test, performance analysis, and low-end performance application code. In addition, the company provides custom IP services, such as customer-specified features for CebaIP Cores; customer-specified IP development; and select turnkey FPGA or ASIC development services. Further, the company develops tunable silicon IP cores to accelerate the realization of software algorithms in silicon to boost the productivity of engineering teams focused on advanced SoC, ASIC, and FPGA systems design. CebaTech, Inc. was founded in 2004 and is based in Eatontown, New Jersey.

InstaMed

Venture Round in 2006
InstaMed Communications, LLC, founded in 2004 and headquartered in Philadelphia, Pennsylvania, operates a healthcare payments network that connects providers, payers, and consumers through a unified cloud-based platform. The company offers several products, including InstaMed Online for Providers and InstaMed Online for Payers, both of which facilitate secure management of healthcare payment transactions with role-based security. Additionally, InstaMed Connect integrates healthcare payments into existing IT applications via APIs. By streamlining electronic transactions and consolidating payment processes, InstaMed aims to reduce the risks and complexities associated with multiple payment vendors, ultimately enhancing consumer satisfaction and enabling providers to collect payments more efficiently. As of 2019, InstaMed operates as a subsidiary of JPMorgan Chase Bank, National Association.

Game Trust

Series B in 2005
Game Trust, Inc. is a company focused on providing infrastructure for community and commerce applications within the online gaming and entertainment sectors. Founded in 2002 and headquartered in New York, it develops the Game Frame platform, which is tailored for online casual games. This platform allows website operators and game developers to enhance user experiences by integrating community features and commerce capabilities into both new and existing games. Game Trust serves a diverse clientele of game distributors and developers across the United States and Europe, facilitating a more engaging online entertainment environment. As of 2007, Game Trust operates as a subsidiary of RealNetworks, Inc.

Gaia Power Technologies

Series A in 2005
Gaia Power Technologies, Inc. provides distributed energy management and storage systems in the United States. The company offers PowerTower, a backup power system that provides power for homes and businesses. It offers its products through resellers and distributors. Gaia Power Technologies, Inc. was founded in 2002 and is headquartered in New York, New York.

RightAnswers

Series A in 2005
RightAnswers, Inc. specializes in knowledge management solutions for businesses globally, focusing on enhancing customer service and IT support operations. The company provides a Unified Knowledge Platform, a cloud-based system that facilitates the storage, management, and sharing of organizational knowledge. Its offerings include user experience solutions such as Web Self-Service, which allows users to find answers independently, and Knowledge Gateway, which integrates with enterprise search engines to streamline access to information. Additionally, the Email Knowledge Response feature automates responses to inquiries, while RightAnswers Mobile enables access to knowledge via smartphones. The company also offers tools like Solution Manager for creating knowledge articles, Knowledge Explorer for scanning networks for existing knowledge, and a library of solutions known as RightAnswers Knowledge Paks. RightAnswers serves various industries, including banking, healthcare, and education, and provides its software both on-premise and through the cloud. Founded in 2001 and headquartered in Clark, New Jersey, the company operates as a subsidiary of Upland Software, Inc.

CebaTech

Series B in 2005
CebaTech, Inc. designs, develops, and licenses high-value silicon intellectual property (IP) cores. The company focuses on delivering hardware solutions that accelerate data and storage networking applications. Its products include CebaRIP cores, such as a family of advanced encryption standard IP cores that provide hardware encryption and decryption to meet data security needs; data deflate cores; and LZRW3, MD5, and SHA-1 cores, which are direct hardware embodiment of original software implementations that enable FPGA or ASIC solutions for data compression and decompression, and cryptographic hash functions. The company also provides software models for virtual prototyping cards and cores, as well as for early pre-hardware integration, test, performance analysis, and low-end performance application code. In addition, the company provides custom IP services, such as customer-specified features for CebaIP Cores; customer-specified IP development; and select turnkey FPGA or ASIC development services. Further, the company develops tunable silicon IP cores to accelerate the realization of software algorithms in silicon to boost the productivity of engineering teams focused on advanced SoC, ASIC, and FPGA systems design. CebaTech, Inc. was founded in 2004 and is based in Eatontown, New Jersey.

Hycrete

Series A in 2005
Hycrete specializes in manufacturing innovative concrete waterproofing materials designed to enhance the durability and longevity of concrete structures. The company's product line includes various solutions such as Hycrete System W for waterproof construction, Hycrete W1000 for general waterproofing protection, and Hycrete W500 for creating waterproof concrete. Additionally, Hycrete offers flooring products like Hycrete System V, which provides moisture vapor protection for concrete flooring applications. The company also produces corrosion-inhibiting materials, including Hycrete X1000, which offers dual-action protection against corrosion in concrete. Committed to corporate and environmental responsibility, Hycrete aims to integrate sustainable construction practices with cost-effective solutions that simplify assembly and improve construction quality.

Sword Diagnostics

Venture Round in 2005
Sword Diagnostics, Inc. is a life sciences company specializing in diagnostic solutions for research, drug development, and clinical diagnostics in the United States and internationally. Founded in 2004 and headquartered in Chicago, Illinois, the company offers innovative products designed to enhance disease detection through ultra-sensitive technology. Key offerings include the Sword diagnostics system, Sword reagent kits, and the Sword ELISA Booster, which employs a unique substrate that generates a quantifiable Raman signal using various microplate readers. Sword Diagnostics addresses the challenges faced by researchers in measuring and understanding biomarkers associated with health and disease, aiming to improve the utility of existing diagnostic assays and facilitate the exploration of new biological markers.

Achieve3000

Series B in 2004
Achieve3000, Inc. is a cloud-based literacy platform that provides differentiated literacy solutions aimed at enhancing reading comprehension, fluency, vocabulary, and writing skills for students from grades 2 through 12, as well as adult learners. Founded in 2000 and headquartered in Red Bank, New Jersey, the company offers a range of educational products, including KidBiz3000 for younger students, TeenBiz3000 for older students, and Spark3000 for adults. Utilizing a proprietary software engine, Achieve3000 delivers tailored content to each student based on their individual reading levels, ensuring that all learners receive instruction suited to their needs. The platform also supports diverse educational areas such as English language arts, reading intervention, and professional learning, serving schools, districts, and other educational institutions to help unlock student potential and accelerate learning growth.

CareGain

Series B in 2004
CareGain Inc. specializes in providing software solutions for the consumer-directed healthcare industry. Its CareGain Defined Care platform allows health plans and third-party administrators to create and manage consumer-directed health plans, including health savings accounts, health reimbursement accounts, and flexible spending accounts. The company's offerings include the CareGain Asset Management Platform for benefits administration, CareGain BankConnect for linking health plans with financial institutions, and CareGain CardConnect for integrating with card transaction processing engines. Additionally, CareGain provides services such as business analysis, customer support, integration, implementation, planning, design, construction, deployment, and training. Founded in 2001 and headquartered in East Windsor, New Jersey, CareGain operates as a subsidiary of Canopy Financial, Inc. as of October 2008.

Redpoint Bio

Series A in 2003
Redpoint Bio is a company focused on developing novel taste modulators for the food, beverage, and pharmaceutical industries. Its platform utilizes advancements in molecular biology to create compounds that can mask bitterness and enhance the sweetness of natural sugars. This innovation aims to improve product taste and increase consumer acceptance. Currently, Redpoint Bio is prioritizing the preservation of its License and Commercialization Agreement with International Flavors and Fragrances, Inc., a leader in the food and beverage sector. In light of limited resources, the company is not engaged in research and development activities at this time and is actively working to reduce liabilities and divest remaining assets.

Netilla Networks

Series C in 2003
The Netilla® Service Platform is the industry's leading SSL VPN appliance that enables companies to provide secure remote and intranet access to ANY application - Windows®, UNIX®/Linux®, or mainframe - via a standard browser. Their appliance combines thin-client technology, SSL encryption and a flexible, powerful authentication and policy framework. The benefits: rapid deployment, minimized network exposure and lower maintenance costs than traditional VPNs - with unrivaled ease of use.

Amber Road

Venture Round in 2002
Amber Road, Inc. is a provider of cloud-based global trade management (GTM) solutions, offering a comprehensive suite of modules designed to facilitate import and export management, global logistics, trade compliance, and supply chain collaboration. Its services cater to various industries, including chemicals, pharmaceuticals, high technology, manufacturing, logistics, oil and gas, and retail. The company supports organizations in navigating country-specific trade regulations and optimizing global trade processes, ensuring efficient and compliant movement of goods across borders. Amber Road also delivers professional services, including assessment, implementation, education, and ongoing support. Founded in 1990 and headquartered in East Rutherford, New Jersey, Amber Road became a subsidiary of E2open, LLC in 2019.

Netilla Networks

Series B in 2001
The Netilla® Service Platform is the industry's leading SSL VPN appliance that enables companies to provide secure remote and intranet access to ANY application - Windows®, UNIX®/Linux®, or mainframe - via a standard browser. Their appliance combines thin-client technology, SSL encryption and a flexible, powerful authentication and policy framework. The benefits: rapid deployment, minimized network exposure and lower maintenance costs than traditional VPNs - with unrivaled ease of use.
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