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 Pennsylvania

Othot

Series A in 2018
Othot, Inc. is a Pittsburgh-based company that specializes in advanced analytics solutions primarily for higher education institutions. Founded in 2014, Othot develops a cloud-based platform that leverages artificial intelligence to help organizations extract valuable insights from their data. The company offers Enrollment analytics to assist institutions in identifying and reaching ideal students, as well as Retention analytics that provides actionable intelligence for engaging and retaining customers. Othot's services extend beyond higher education to include K-12 schools and the automotive sector, facilitating better relationships throughout the entire student-to-alumni lifecycle.

BeneFix

Seed Round in 2018
BeneFix, Inc. develops a software for health insurance quoting applications. Its BeneFix software allows users to manage various health insurance plans across various carriers, and get quoting. BeneFix, Inc. was founded in 2016 and is based in Lancaster, Pennsylvania.

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.

Cloudnexa

Series A in 2013
Cloudnexa, a Premier Consulting Partner of Amazon Web Services, is the next era cloud management solutions leader for small and large enterprises or government moving business applications to AWS Cloud and GovCloud. It is an experienced Cloud Service Provider (CSP) dedicated to managed services on Amazon Web Services. It was founded in 2008 and headquartered in Philadelphia, Pennsylvania.

Halfpenny Technologies

Series A in 2012
Halfpenny Technologies, Inc. develops cloud-based healthcare interoperability solutions. It provides clinical data exchange solutions, orders management and computerized provider order entry solutions, business intelligence and notification solutions, and clinical data services. The company’s cloud-based solutions offers vendor-neutral infrastructure that supports care coordination, care management, regulatory requirements, and data analysis within and between healthcare organizations. It serves health plans, accountable care organizations, hospitals, radiology centers, pharmacies, commercial laboratories, population health, care coordination vendors, and HIEs in the United States. The company was founded in 2000 and is based in Blue Bell, Pennsylvania. As of June 14, 2019, Halfpenny Technologies, Inc. operates as a subsidiary of Accumen.

Halfpenny Technologies

Series A in 2010
Halfpenny Technologies, Inc. develops cloud-based healthcare interoperability solutions. It provides clinical data exchange solutions, orders management and computerized provider order entry solutions, business intelligence and notification solutions, and clinical data services. The company’s cloud-based solutions offers vendor-neutral infrastructure that supports care coordination, care management, regulatory requirements, and data analysis within and between healthcare organizations. It serves health plans, accountable care organizations, hospitals, radiology centers, pharmacies, commercial laboratories, population health, care coordination vendors, and HIEs in the United States. The company was founded in 2000 and is based in Blue Bell, Pennsylvania. As of June 14, 2019, Halfpenny Technologies, Inc. operates as a subsidiary of Accumen.

SkillSurvey

Venture Round in 2008
SkillSurvey Inc. develops cloud-based reference checking and credentialing solutions for employers. It offers SkillSurvey Reference, a solution that helps users to create an automated and engaging referencing process; and Hire 360, an online reference assessment that gives predictive insight into a candidate’s future job performance. The company also provides SkillSurvey Credential OnDemand, an online web enabled solution that allows applicants, providers, references, and affiliated hospitals to respond immediately online; and SkillSurvey Source, a solution that helps users to find new candidates through references and referrals. In addition, its solutions include in-house recruiters and talent leaders, staffing and recruiting firms, healthcare credentialing professionals, background screeners, and university and college career services. The company serves healthcare, higher education, staffing and recruiting, retail, consumer products and services, engineering and construction, small and medium business, and power sectors. SkillSurvey Inc. was founded in 2001 and is based in Berwyn, Pennsylvania.

SkillSurvey

Series A in 2007
SkillSurvey Inc. develops cloud-based reference checking and credentialing solutions for employers. It offers SkillSurvey Reference, a solution that helps users to create an automated and engaging referencing process; and Hire 360, an online reference assessment that gives predictive insight into a candidate’s future job performance. The company also provides SkillSurvey Credential OnDemand, an online web enabled solution that allows applicants, providers, references, and affiliated hospitals to respond immediately online; and SkillSurvey Source, a solution that helps users to find new candidates through references and referrals. In addition, its solutions include in-house recruiters and talent leaders, staffing and recruiting firms, healthcare credentialing professionals, background screeners, and university and college career services. The company serves healthcare, higher education, staffing and recruiting, retail, consumer products and services, engineering and construction, small and medium business, and power sectors. SkillSurvey Inc. was founded in 2001 and is based in Berwyn, Pennsylvania.

SkillSurvey

Series A in 2005
SkillSurvey Inc. develops cloud-based reference checking and credentialing solutions for employers. It offers SkillSurvey Reference, a solution that helps users to create an automated and engaging referencing process; and Hire 360, an online reference assessment that gives predictive insight into a candidate’s future job performance. The company also provides SkillSurvey Credential OnDemand, an online web enabled solution that allows applicants, providers, references, and affiliated hospitals to respond immediately online; and SkillSurvey Source, a solution that helps users to find new candidates through references and referrals. In addition, its solutions include in-house recruiters and talent leaders, staffing and recruiting firms, healthcare credentialing professionals, background screeners, and university and college career services. The company serves healthcare, higher education, staffing and recruiting, retail, consumer products and services, engineering and construction, small and medium business, and power sectors. SkillSurvey Inc. was founded in 2001 and is based in Berwyn, Pennsylvania.
Octagon Research Solutions, Inc. (Octagon) was founded as a Development Partnering Organization (DPO) in 1999. Octagon's foundation is built on Regulatory Principles integrated into the various disciplines of drug development. Octagon approaches all drug development services with a focus on the end goal-an approved regulatory submission. Their staff has submitted more than 16 paper original NDA submissions.They’ve submitted over 35 electronic submissions across multiple reviewing divisions and therapeutic areas to both national and international regulatory authorities. Octagon has earned the reputation for being a top-notch organization committed to being flexible, meeting deadlines, proactively identifying and resolving issues, and developing solutions for complex problems.