Accelerate Blue Fund

Accelerate Blue Fund is an early-stage venture capital firm based in Ann Arbor, Michigan, that focuses on investing in startups licensed from research conducted at the University of Michigan. Managed by Innovation Partnerships at the university, the fund targets a variety of sectors, including information technology, healthcare, materials and resources, financial services, energy, consumer products and services, business products and services, and commercial transportation. By concentrating on U-M research startups, Accelerate Blue Fund aims to support innovation and foster the growth of emerging companies in the United States.

Michael Psarouthakis

Executive Director of Impact Investments and Strategic Alliances

6 past transactions

Newhaptics

Venture Round in 2023
Newhaptics is a microfluidic technology company that develops full-page digital braille and tactile graphics displays. It offers a tablet-like device that serves as a full-page tactile display, enabling blind users to access real-time digital content. Founded in 2018 and based in Ann Arbor, Michigan, Newhaptics aims to expand education and employment opportunities for blind individuals through advanced tactile interfaces.

Arcascope

Seed Round in 2022
Arcascope develops a health app that uses algorithms tracking circadian rhythms to provide personalized recommendations, helping users reset their internal clocks for improved sleep and overall wellbeing.

CubeWorks

Seed Round in 2022
CubeWorks Inc. is a technology company based in Ann Arbor, Michigan, founded in 2013. It specializes in millimeter-scale computing solutions, focusing on the development of ultra-small wireless smart sensors. The company's flagship product, the Cubisens platform, is an autonomous wireless sensing system capable of measuring various parameters, including imaging, temperature, and pressure, with precision of less than a millimeter. These sensors are lightweight, durable, and designed for diverse applications such as healthcare logistics, supply chain management, cold chain monitoring, security, and environmental monitoring. By enabling the integration of multiple units, CubeWorks' solutions provide critical real-time data and analytics, facilitating enhanced visibility in complex monitoring and sensing tasks, thereby advancing the Internet of Things landscape.

INHERET

Seed Round in 2022
INHERET is a company that specializes in personalized medicine, focusing on the prevention and early detection of hereditary diseases. It has developed a decision support software that utilizes personal and family health history to assess patients' risk for hereditary conditions, particularly hereditary cancers. The platform generates easy-to-read reports that outline next-step recommendations and provides tailored educational resources, facilitating improved communication between patients and healthcare providers. By identifying individuals at increased risk and equipping them with actionable insights, INHERET aims to enhance clinical decision-making and ultimately improve patient outcomes in the realm of hereditary health.

Movellus

Series B in 2022
Movellus, Inc. is a semiconductor company that specializes in designing, developing, fabricating, testing, and manufacturing mixed-signal semiconductors. Founded in 2014 and headquartered in San Jose, California, with additional offices in Silicon Valley, California; Ann Arbor, Michigan; and Toronto, Canada, the company offers a range of products including clock generators, phase-locked loops (PLLs), delay-locked loops (DLLs), programmable oscillators, and low-dropout regulators (LDOs). Movellus is focused on creating process-portable and ultra-low power analog intellectual property (IP), aiming to enhance system-on-chip (SoC) performance while lowering power consumption. Its technology addresses the challenges of clock distribution in high-performance and low-power chips, ultimately enabling improved energy efficiency and maintaining clock speeds for applications in artificial intelligence, networking, and field-programmable gate arrays (FPGAs).

Movellus

Convertible Note in 2021
Movellus, Inc. is a semiconductor company that specializes in designing, developing, fabricating, testing, and manufacturing mixed-signal semiconductors. Founded in 2014 and headquartered in San Jose, California, with additional offices in Silicon Valley, California; Ann Arbor, Michigan; and Toronto, Canada, the company offers a range of products including clock generators, phase-locked loops (PLLs), delay-locked loops (DLLs), programmable oscillators, and low-dropout regulators (LDOs). Movellus is focused on creating process-portable and ultra-low power analog intellectual property (IP), aiming to enhance system-on-chip (SoC) performance while lowering power consumption. Its technology addresses the challenges of clock distribution in high-performance and low-power chips, ultimately enabling improved energy efficiency and maintaining clock speeds for applications in artificial intelligence, networking, and field-programmable gate arrays (FPGAs).
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