Black Point Group

Black Point Group is a private equity firm based in Portland, Maine, founded in 2007. The firm specializes in investments in both public and private growth companies, with a focus on sectors such as life sciences, healthcare, technology, pharmaceuticals, cloud computing, and biotechnology. Black Point Group aims to create long-term value through active involvement in its portfolio companies, leveraging its operational and investment expertise. Additionally, the firm is committed to significant engagement in public service initiatives.

Ben Shaw

Founding Partner

David Shaw

CEO

5 past transactions

Ovation

Series B in 2020
Ovation offers data and operations solutions tailored for the life sciences industry, focusing on enhancing the capabilities of researchers, scientists, and laboratories. The company has developed a cloud-based laboratory information management system that streamlines clinical diagnostics for molecular diagnostic labs. This system encompasses various functionalities, including lab workflows, sample tracking, document management, personnel training, and external portals. Furthermore, Ovation provides a partner ecosystem that supports revenue cycle management, clinical interpretation, consulting services, and business analytics. By enabling medical researchers and scientists to efficiently collect, organize, and visualize lab-related data, Ovation enhances their ability to make informed decisions throughout the research process.

MyTaskit

Seed Round in 2016
MyTaskit is a software company that enhances business transactions through online and mobile tools designed for task sharing and coordination. Founded to improve task management, MyTaskit addresses the needs of consumers and service professionals by automating communication and streamlining processes. Initially focused on the boating industry with its first product, The Boat Village, the company aimed to bridge communication gaps among boat owners, service providers, and manufacturers. In 2013, MyTaskit expanded its offerings by acquiring DockMaster, a leading back-office solution for marine businesses, and rebranded the integrated platform as MyTaskit Pro in 2015. This comprehensive solution serves various local service businesses, including boatyards, RV repair centers, and contractors, by managing customer service and back-office functions such as work orders and billing. Additionally, MyTaskit provides consumers with tools to organize tasks and coordinate interactions in their lives, enhancing efficiency and customer satisfaction across various sectors.

PebblePost

Convertible Note in 2015
PebblePost Inc., established in 2014 and headquartered in New York, specializes in a direct mail marketing platform that bridges digital intent with physical mail. The company pioneered Programmatic Direct Mail, leveraging real-time online activity data to send targeted direct mail pieces, enhancing buying decisions at home and driving conversions across various channels. PebblePost's platform offers advanced targeting, algorithmic optimization, attribution analysis, and campaign management tools for marketers to engage consumers effectively.

Modern Meadow

Series A in 2014
Modern Meadow, LLC is a biofabrication company based in Brooklyn, New York, that specializes in creating animal-free leather derived from living cells. Founded in 2011, the company operates at the intersection of material science and biology, utilizing its proprietary Bio-Alloy and Bio-Farm technologies to engineer sustainable materials. These innovations leverage tuned proteins to replace petrochemical and animal-derived inputs, ensuring high performance without compromising on quality. Modern Meadow's products are designed for immediate scalable adoption across various industries, including materials and beauty, and emphasize traceability from lab to brand. By focusing on fermentation-based bio-collagen and other protein applications, the company promotes environmental sustainability by significantly reducing greenhouse gas emissions, while maintaining the biological functions of materials for optimal quality and appearance.

Ikaria

Series B in 2007
Ikaria is an integrated critical care company that develops and delivers innovative therapeutics and interventions for critically ill patients. The company focuses on creating and commercializing advanced therapies specifically designed to address the unique and complex medical needs of this vulnerable population. By aiming to be an indispensable partner to clinicians, Ikaria seeks to enhance patient care at critical moments, ensuring that healthcare providers have access to the necessary tools and support for effective treatment.
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