Activate Venture Partners

Activate Venture Partners, previously known as Milestone Venture Partners, is a venture capital firm specializing in early stage and growth capital investments. The firm focuses on sectors such as media and marketing services, digital health, digital media, healthcare information technology, enterprise technology, and financial services information technology. It concentrates on technology-enhanced service businesses that provide software as a service, fintech solutions, data-as-a-service, mobile applications, and business process outsourcing. In the digital health sector, Activate invests in companies delivering software and data services to providers, payors, biopharmaceutical firms, and patients. The firm primarily targets companies in the Greater New York metropolitan area, New Jersey, Connecticut, Eastern Pennsylvania, and the broader Northeast and Mid-Atlantic regions. Initial investments typically range from $750,000 to $3 million, with a preference for companies that require less than $5 million to achieve profitability. Activate Venture Partners was founded in October 1999 and operates from New York, New York, with an additional office in Bethlehem, Pennsylvania.

Avlyn Ashterman-Reece

Operation Manager, Executive Support and Investor Relation

Richard Dumler

Venture Partner

John C. MacFarlane

Principal

Morgan Rodd

Venture Partner

Past deals in New Jersey

Princeton Identity

Venture Round in 2019
Princeton Identity Inc. specializes in biometric identity management, focusing on the manufacturing of biometric equipment such as iris and face recognition devices. The company develops advanced access control security systems and identification solutions, complemented by a software platform that facilitates identity management through an intuitive interface. This platform supports multimodal and multifactor biometric identification, including iris recognition and PIN verification. Established in 2016 and based in Hamilton, New Jersey, with an additional office in Dubai, Princeton Identity emerged as an independent venture after spinning off from SRI International. The company's technology aims to enhance security accuracy, reliability, and convenience for businesses and organizations worldwide.

HighQA

Series A in 2018
HighQA is a Software Platform for Manufacturing Quality Inspection. Automate your inspection process, cut costs, improve cross-department communication and enable supply chain collaboration. Use Inspection Manager to extract manufacturing and inspection requirements from any 2D blueprint, CAD drawing or 3D model and instantly create a database of your projects, generate reports and effectively manage inspection schedules. Inspection Manager helps you manage project details, deadlines and reports for a smoother and expedited delivery to your customers.

Digital Pharmacist

Series B in 2017
Digital Pharmacist Inc. operates a patient engagement platform designed for pharmacies and hospital brands, facilitating improved communication and adherence between pharmacies and patients. Founded in 2010 and headquartered in Austin, Texas, with additional offices in Newark, New Jersey, the company provides a comprehensive suite of HIPAA-compliant tools. These include Rx Confer, which enhances revenue and patient retention, custom digital solutions to help pharmacies manage patient care and online presence, and digital marketing tools. Digital Pharmacist integrates with over 70 pharmacy management systems and supports initiatives like the Cardinal Health Pharmacy Marketing Advantage Program. By offering secure two-way messaging, branded health sites, mobile applications, and cloud-based interactive voice response systems, Digital Pharmacist aims to streamline pharmacy operations, enhance patient engagement, and foster business growth.

AppBus

Seed Round in 2016
AppBus, Inc. is a New Jersey-based company that develops a Workplace-as-a-Service platform designed to deliver enterprise functionality on employee-owned devices. The platform integrates, automates, and secures the delivery of enterprise applications across various devices and networks. By leveraging existing enterprise capabilities, AppBus facilitates adaptation to change, enhances transparency in automation, and accelerates the delivery of optimal user experiences. The company aims to foster innovation and improve time-to-value within the enterprise ecosystem, benefiting employees, customers, and partners alike. Formerly known as 51maps INC., AppBus rebranded in July 2016 to reflect its focus on modern workplace solutions.

Vitals

Series C in 2013
Vitals Consumer Services, LLC specializes in healthcare transparency and engagement solutions for consumers, employers, and health plans. Established in 2006 and headquartered in Lyndhurst, New Jersey, the company offers various tools to assist individuals in navigating their healthcare options. Among its key offerings are an online search tool for finding doctors, a healthcare transparency platform that clarifies health benefits and care choices, and an incentive program that rewards patients for selecting cost-effective care. Vitals serves over 280 million people annually, helping them make informed decisions about their healthcare. As of August 2018, Vitals operates as a subsidiary of WebMD Health Corp, with additional locations in New York, Tulsa, Westborough, and Bedford.

FieldView Solutions

Venture Round in 2011
FieldView Solutions helps data center managers, IT and Facilities Management professionals make better use of their physical floor space, rack space, power and cooling by showing them real-time representations of all the critical systems in their data center. Their core platform, FieldView, a web-based enterprise solution, has been leveraged by many of the largest data centers in the US, Europe and Asia since 2006.

FieldView Solutions

Series A in 2009
FieldView Solutions helps data center managers, IT and Facilities Management professionals make better use of their physical floor space, rack space, power and cooling by showing them real-time representations of all the critical systems in their data center. Their core platform, FieldView, a web-based enterprise solution, has been leveraged by many of the largest data centers in the US, Europe and Asia since 2006.

Vitals

Series A in 2008
Vitals Consumer Services, LLC specializes in healthcare transparency and engagement solutions for consumers, employers, and health plans. Established in 2006 and headquartered in Lyndhurst, New Jersey, the company offers various tools to assist individuals in navigating their healthcare options. Among its key offerings are an online search tool for finding doctors, a healthcare transparency platform that clarifies health benefits and care choices, and an incentive program that rewards patients for selecting cost-effective care. Vitals serves over 280 million people annually, helping them make informed decisions about their healthcare. As of August 2018, Vitals operates as a subsidiary of WebMD Health Corp, with additional locations in New York, Tulsa, Westborough, and Bedford.

MedPageToday

Venture Round in 2007
MedPage Today is a health care media company that delivers breaking medical news to physicians and patients. Healthcare professionals who read MedPage Internet-based content and pass a subsequent test receive continuing medical education credits from the University of Pennsylvania School of Medicine, which is an active partner in producing MedPage content.

CareGain

Series B in 2004
CareGain Inc. provides application software solutions for the consumer directed healthcare industry. Its CareGain Defined Care platform enables health plans and third-party administrators, such as health savings accounts, health reimbursement accounts, and flexible spending accounts to create and administer consumer-directed health plans. The company's products comprise CareGain Asset Management Platform, an integrated software solution for CDH benefits administration; CareGain BankConnect that links the health plan's back-end systems with the systems of banks and other financial institutions that take on the role of health savings account custodians; and CareGain CardConnect, which facilitates the integration to multiple card transaction processing engines. It also offers services, including business analysis and consulting, customer support, and integration, as well as implementation, planning and analysis, design, construction, deployment, and training. The company was founded in 2001 and is headquartered in East Windsor, New Jersey. As of October 9, 2008, CareGain Inc. operates as a subsidiary of Canopy Financial, Inc.