Cherrystone Angel Group

Cherrystone Angel Group, founded in 2004 and comprised of over 60 Rhode Island members, is Rhode Island’s first organized angel investment group. Its members invest in early stage, typically pre-revenue companies, across the tri-state region. While it is the entrepreneur who drives the company — and on whom ultimate success depends — Cherrystone believes that good advice and focused expertise are vital to the success of any business venture. When Cherrystone invests, it not only brings money to the table but industry knowledge and connections that will make its business succeed. All its members are experienced and qualified investors who have either built their own companies or have extensive experience launching new business ventures. Their backgrounds include creating or working with manufacturing, distribution, technology, and service companies.

Peter C. Dorsey

Executive Director

Past deals in Rhode Island

Jaia Robotics

Seed Round in 2022
Jaia Robotics is a provider and developer of microsized autonomous and subsurface marine vehicles. It also provides comprehensive data collection services helping clients to affordable aquatic data collection. It also provides a multi-sensor configurable technology that requires minimal user training with wide-ranging capabilities compared to traditional crewed or uncrewed data collection systems.

Lenoss Medical

Venture Round in 2021
Lenoss Medical engages in providing solutions that support the natural osseous healing process.

Premama

Series B in 2016
Premama is a company that specializes in prenatal nutrition, offering a doctor-recommended daily multivitamin in a convenient powder form. This product is designed to be easily mixed into cold beverages, yogurt, or smoothies, making it accessible for expectant women. Premama's formulations include essential nutrients such as DHA, folic acid, and B6, which are specifically aimed at improving the nutritional status of pregnant women and alleviating symptoms of morning sickness. The supplements are vegan, gluten-free, and non-GMO, addressing common concerns such as iron-induced constipation. Premama's Complete formula is available at Target, while its Essentials and Plus varieties can be found on Amazon, Buy Buy Baby, and in specialty vitamin and health food stores.

Premama

Convertible Note in 2016
Premama is a company that specializes in prenatal nutrition, offering a doctor-recommended daily multivitamin in a convenient powder form. This product is designed to be easily mixed into cold beverages, yogurt, or smoothies, making it accessible for expectant women. Premama's formulations include essential nutrients such as DHA, folic acid, and B6, which are specifically aimed at improving the nutritional status of pregnant women and alleviating symptoms of morning sickness. The supplements are vegan, gluten-free, and non-GMO, addressing common concerns such as iron-induced constipation. Premama's Complete formula is available at Target, while its Essentials and Plus varieties can be found on Amazon, Buy Buy Baby, and in specialty vitamin and health food stores.

NuLabel

Series D in 2016
NuLabel Technologies, Inc., founded in 2009 and based in East Providence, Rhode Island, specializes in developing innovative label and packaging solutions aimed at helping companies reduce costs and minimize waste. The company has created patented adhesive technologies and patent-pending hardware that utilize activatable adhesives, thereby eliminating the need for traditional non-stick liner backings and messy wet glues in product packaging. As of August 2017, NuLabel operates as a subsidiary of Altana AG.

Premama

Series A in 2015
Premama is a company that specializes in prenatal nutrition, offering a doctor-recommended daily multivitamin in a convenient powder form. This product is designed to be easily mixed into cold beverages, yogurt, or smoothies, making it accessible for expectant women. Premama's formulations include essential nutrients such as DHA, folic acid, and B6, which are specifically aimed at improving the nutritional status of pregnant women and alleviating symptoms of morning sickness. The supplements are vegan, gluten-free, and non-GMO, addressing common concerns such as iron-induced constipation. Premama's Complete formula is available at Target, while its Essentials and Plus varieties can be found on Amazon, Buy Buy Baby, and in specialty vitamin and health food stores.

NuLabel

Series C in 2015
NuLabel Technologies, Inc., founded in 2009 and based in East Providence, Rhode Island, specializes in developing innovative label and packaging solutions aimed at helping companies reduce costs and minimize waste. The company has created patented adhesive technologies and patent-pending hardware that utilize activatable adhesives, thereby eliminating the need for traditional non-stick liner backings and messy wet glues in product packaging. As of August 2017, NuLabel operates as a subsidiary of Altana AG.

NuLabel

Series B in 2014
NuLabel Technologies, Inc., founded in 2009 and based in East Providence, Rhode Island, specializes in developing innovative label and packaging solutions aimed at helping companies reduce costs and minimize waste. The company has created patented adhesive technologies and patent-pending hardware that utilize activatable adhesives, thereby eliminating the need for traditional non-stick liner backings and messy wet glues in product packaging. As of August 2017, NuLabel operates as a subsidiary of Altana AG.

MoFuse

Convertible Note in 2013
Mofuse offers a web based platform to build and manage mobile web sites. They provide a monthly subscription service to help businesses deliver mobile media. MoFuse Premium gives publishers a platform to publish, promote, monetize and analyze their mobile properties.

NuLabel

Series B in 2013
NuLabel Technologies, Inc., founded in 2009 and based in East Providence, Rhode Island, specializes in developing innovative label and packaging solutions aimed at helping companies reduce costs and minimize waste. The company has created patented adhesive technologies and patent-pending hardware that utilize activatable adhesives, thereby eliminating the need for traditional non-stick liner backings and messy wet glues in product packaging. As of August 2017, NuLabel operates as a subsidiary of Altana AG.

MoFuse

Venture Round in 2012
Mofuse offers a web based platform to build and manage mobile web sites. They provide a monthly subscription service to help businesses deliver mobile media. MoFuse Premium gives publishers a platform to publish, promote, monetize and analyze their mobile properties.

Betaspring

Angel Round in 2012
[Betaspring](http://betaspring.com) is a mentorship-driven Providence-based startup accelerator program for technology and design entrepreneurs who are ready to build a product, launch a company, and change the world. Betaspring runs two 13 week accelerator sessions a year (Spring and Fall) that attract top-quality startup teams from across the US and around the world.

MoFuse

Convertible Note in 2012
Mofuse offers a web based platform to build and manage mobile web sites. They provide a monthly subscription service to help businesses deliver mobile media. MoFuse Premium gives publishers a platform to publish, promote, monetize and analyze their mobile properties.

NuLabel

Series A in 2012
NuLabel Technologies, Inc., founded in 2009 and based in East Providence, Rhode Island, specializes in developing innovative label and packaging solutions aimed at helping companies reduce costs and minimize waste. The company has created patented adhesive technologies and patent-pending hardware that utilize activatable adhesives, thereby eliminating the need for traditional non-stick liner backings and messy wet glues in product packaging. As of August 2017, NuLabel operates as a subsidiary of Altana AG.

NuLabel

Series A in 2011
NuLabel Technologies, Inc., founded in 2009 and based in East Providence, Rhode Island, specializes in developing innovative label and packaging solutions aimed at helping companies reduce costs and minimize waste. The company has created patented adhesive technologies and patent-pending hardware that utilize activatable adhesives, thereby eliminating the need for traditional non-stick liner backings and messy wet glues in product packaging. As of August 2017, NuLabel operates as a subsidiary of Altana AG.

MoFuse

Seed Round in 2010
Mofuse offers a web based platform to build and manage mobile web sites. They provide a monthly subscription service to help businesses deliver mobile media. MoFuse Premium gives publishers a platform to publish, promote, monetize and analyze their mobile properties.

NuLabel

Seed Round in 2010
NuLabel Technologies, Inc., founded in 2009 and based in East Providence, Rhode Island, specializes in developing innovative label and packaging solutions aimed at helping companies reduce costs and minimize waste. The company has created patented adhesive technologies and patent-pending hardware that utilize activatable adhesives, thereby eliminating the need for traditional non-stick liner backings and messy wet glues in product packaging. As of August 2017, NuLabel operates as a subsidiary of Altana AG.

Creative Circle

Series D in 2009
Bill Ostendorf has been a leader in the newspaper industry for more than 25 years, serving as a consultant to more than 100 media companies on three continents. As president of Creative Circle Media Consulting, he has led nearly 400 industry seminars and has redesigned more than 100 publications to make them more reader friendly. He knew not only what is wrong with existing systems but also what readers and advertisers would want in the next generation of web entry.

Creative Circle

Series C in 2008
Bill Ostendorf has been a leader in the newspaper industry for more than 25 years, serving as a consultant to more than 100 media companies on three continents. As president of Creative Circle Media Consulting, he has led nearly 400 industry seminars and has redesigned more than 100 publications to make them more reader friendly. He knew not only what is wrong with existing systems but also what readers and advertisers would want in the next generation of web entry.

Creative Circle

Series B in 2007
Bill Ostendorf has been a leader in the newspaper industry for more than 25 years, serving as a consultant to more than 100 media companies on three continents. As president of Creative Circle Media Consulting, he has led nearly 400 industry seminars and has redesigned more than 100 publications to make them more reader friendly. He knew not only what is wrong with existing systems but also what readers and advertisers would want in the next generation of web entry.

Narragansett Beer

Series B in 2006
Narragansett Brewing Company, founded in 1888 and based in Pawtucket, Rhode Island, is a notable producer of lagers and ales. At its peak, the brand held a remarkable 65% market share in New England and was recognized as the official beer of the Boston Red Sox. However, after being acquired in the 1970s and relocating its brewery to Indiana, the company experienced a significant decline. In addition to its beer offerings, Narragansett also sells apparel and accessories online, aiming to reconnect with its storied history and loyal customer base.

Creative Circle

Series A in 2006
Bill Ostendorf has been a leader in the newspaper industry for more than 25 years, serving as a consultant to more than 100 media companies on three continents. As president of Creative Circle Media Consulting, he has led nearly 400 industry seminars and has redesigned more than 100 publications to make them more reader friendly. He knew not only what is wrong with existing systems but also what readers and advertisers would want in the next generation of web entry.

Narragansett Beer

Series A in 2005
Narragansett Brewing Company, founded in 1888 and based in Pawtucket, Rhode Island, is a notable producer of lagers and ales. At its peak, the brand held a remarkable 65% market share in New England and was recognized as the official beer of the Boston Red Sox. However, after being acquired in the 1970s and relocating its brewery to Indiana, the company experienced a significant decline. In addition to its beer offerings, Narragansett also sells apparel and accessories online, aiming to reconnect with its storied history and loyal customer base.

Advanced Image Enhancement

Convertible Note in 2004
Advanced Image Enhancement's (AIE) core technology evolved from proprietary United States Navy signal and image processing research utilized for the detection, classification and localization of undersea mines. The Company utilized this technology as the baseline and further developed innovative image processing algorithms for enhancing subtle lesions in digital mammograms as its first product. AIE aims to provide physicians with every possible advantage in the screening and diagnosis of breast cancer.