CNF Investments

CNF Investments, LLC, established in 1997, is a Bethesda, Maryland-based private investment firm specializing in venture capital and private equity. With over $350 million under management, CNF focuses on growth-stage companies, primarily in technology, healthcare, and energy sectors. The firm actively partners with experienced entrepreneurs and co-investors, prioritizing the management team's quality and potential during its diligence process. CNF is affiliated with Clark Enterprises, Inc.

Robert Flanagan

Executive Vice President

Jennifer Hsin

Director and CFO

46 past transactions

Ceros

Series C in 2019
Ceros offers a cloud-based platform empowering marketers and designers to create rich, interactive content without coding or traditional web development. Its software enables real-time collaboration on digital projects and seamless publishing.

Svelte Medical Systems

Venture Round in 2018
Svelte Medical Systems, founded in 2007 by Robert Fischell, David Fischell, and Tim Fischell, specializes in the design, development, and commercialization of balloon-expandable stents for treating atherosclerosis via percutaneous coronary intervention (PCI). The company offers two primary products: SLENDER Integrated Delivery System (IDS), a drug-eluting stent-on-a-wire system that facilitates transradial interventions by downsizing catheters; and DIRECT Rapid Exchange System (RX), a drug-eluting stent designed to enhance direct stenting and high-pressure post-dilatations. Svelte aims to improve stent deliverability, reduce costs, and enhance safety compared to existing market products in the $5 billion coronary stent market.

Ceros

Series B in 2016
Ceros offers a cloud-based platform empowering marketers and designers to create rich, interactive content without coding or traditional web development. Its software enables real-time collaboration on digital projects and seamless publishing.

Svelte Medical Systems

Private Equity Round in 2016
Svelte Medical Systems, founded in 2007 by Robert Fischell, David Fischell, and Tim Fischell, specializes in the design, development, and commercialization of balloon-expandable stents for treating atherosclerosis via percutaneous coronary intervention (PCI). The company offers two primary products: SLENDER Integrated Delivery System (IDS), a drug-eluting stent-on-a-wire system that facilitates transradial interventions by downsizing catheters; and DIRECT Rapid Exchange System (RX), a drug-eluting stent designed to enhance direct stenting and high-pressure post-dilatations. Svelte aims to improve stent deliverability, reduce costs, and enhance safety compared to existing market products in the $5 billion coronary stent market.

Blitsy

Series B in 2016
Blitsy, Inc., founded in 2011 and headquartered in Chicago, Illinois, is an online retailer specializing in arts and crafts supplies. The company provides a comprehensive shopping platform that offers a wide selection of craft supplies, tools, and instructional videos for various DIY projects. Blitsy aims to enhance the online shopping experience for creative individuals by offering curated, limited-time sale events that feature unique products and competitive prices. Additionally, the company supports craft suppliers with digital promotion services, helping them reach a broader audience in the arts and crafts market. As of 2017, Blitsy operates as a subsidiary of Nicole Crafts LLC.

Upskill

Venture Round in 2015
Upskill designs and develops augmented reality software for industrial workforces. Its flagship platform, Skylight, enables companies to create smart glasses applications for various business scenarios, transforming operations using wearable devices. Serving industries such as manufacturing, healthcare, retail, and logistics, Upskill improves productivity, reduces errors, and enhances training.

Kareo

Series G in 2015
Kareo is a leading cloud-based clinical and business management platform tailored for independent medical practices. It offers an integrated suite of tools that addresses various administrative challenges faced by these practices, including electronic health records, practice management, billing, marketing, and patient engagement software. The platform also features third-party applications and services through the Kareo Marketplace, enhancing the delivery of care. Serving over 50,000 providers nationwide, Kareo aims to increase the efficiency and profitability of independent practices while ensuring high-quality patient care. The company has received notable industry recognition, including awards for its integrated EHR, practice management, and medical billing solutions. With multiple offices across the United States, Kareo is dedicated to supporting independent practices in navigating the complexities of the healthcare landscape.

CircleBack

Series C in 2015
CircleBack, Inc. is a technology company based in Vienna, Virginia, focused on improving contact data accuracy for business consumers. Founded in 2008, the company develops mobile contact intelligence applications that streamline the management of address books across various devices. Its flagship product, CircleBack, uses a patented data engine to provide real-time updates on connections, such as job changes and new contact information, directly to users' mobile address books and customer relationship management systems. Additionally, CircleBack offers tools like ContactSaver, which converts email signatures into contacts for Gmail, and ScanBizCards, enabling users to digitize business cards. The Cleanup Suite helps refine contact lists by removing duplicates. CircleBack aims to enhance productivity by ensuring that professionals and businesses can maintain accurate and up-to-date connections.

Ingo Money

Venture Round in 2015
Ingo Money is a payments technology company that enables instant digital disbursements and mobile check cashing. Its platform supports cashing paychecks, personal and business checks, and money orders on mobile devices, and includes SaaS offerings for instant disbursements to small businesses. It provides Ingo Check for digitized disbursements, Ingo Cash to convert cash into real-time digital deposits and payments, and Ingo Money QuickConnect to enable push-to-card payments via Visa Direct. The company focuses on digitizing traditional check-based transactions and delivering funds to consumer accounts across debit, prepaid, credit, and mobile wallet platforms, aiming to reduce costs, speed transfers, and improve user experience. Founded in 2001 and based in Alpharetta, Georgia, it serves fintechs, banks, and other businesses.

Vascular Therapies

Private Equity Round in 2015
Vascular Therapies, Inc. is a biopharmaceutical company based in Cresskill, New Jersey, founded in 2001, that focuses on developing innovative treatments for patients requiring vascular access for hemodialysis. The company's primary product candidate, which includes sirolimus, has received orphan drug designations in both the United States and the European Union for its applications in dialysis vascular access. Vascular Therapies is dedicated to addressing significant unmet clinical needs, particularly concerning arteriovenous fistula creation, and offers biodegradable collagen implants aimed at reducing vascular anastomosis failure. Through its advancements, the company seeks to enhance clinical outcomes for patients undergoing dialysis and improve their quality of life.

Orchestro

Venture Round in 2014
Orchestro develops a Software-as-a-Service based demand signal management platform tailored for consumer packaged goods companies. The platform consolidates point-of-sale, internal, and syndicated data to create dashboards for various roles such as category analysts, national account managers, and international representatives. Orchestro's solutions support data harmonization, in-store execution, new product introduction, on-shelf availability, promotion execution, and replenishment needs across sales, supply chain, marketing, operations, executive/finance staff, and category management teams. Founded in 1999 and based in McLean, Virginia, Orchestro was formerly known as Vision Chain, Inc. before changing its name in February 2013.

Echo360 (

Series C in 2014
Echo360, Inc. is a developer of a Software-as-a-Service learning and analytics platform tailored for higher education institutions both in the United States and internationally. Founded in 2007 and headquartered in Virginia, the company offers a comprehensive solution that enables users to capture, share, and enhance classroom experiences through features such as polls, quizzes, and instructional video recordings. Its platform facilitates connections between students and instructors worldwide and provides learning analytics to identify student engagement levels and potential challenges before exams. Additionally, Echo360 includes a learning library for storing educational materials, universal capture software for recording content on various devices, and an automatic speech recognition solution to support video-based learning. The company aims to transform educational experiences by leveraging active learning technology and interactive software to engage students effectively.

AnyPresence

Series B in 2014
AnyPresence is an enterprise platform designed to streamline the app development process for businesses, significantly reducing both time and costs associated with mobile-enabling enterprise operations. The platform uniquely allows organizations to assemble and deploy backend servers, as well as develop native iOS, native Android, and HTML5 mobile applications, all while producing 100% native, portable source code. With its patent-pending technology, AnyPresence enhances app adoption and accelerates time-to-market by enabling the generation of sample mobile applications directly from API management portals. The platform also supports API microservices and enterprise mobility initiatives, providing users with the flexibility to customize at the source code level or opt for on-premise hosting solutions. Overall, AnyPresence equips organizations with the tools to effectively build and deploy cross-platform applications while adhering to IT governance and best practices.

Surfwatch Labs

Series A in 2014
SurfWatch Labs, Inc. is a provider of cyber risk intelligence solutions designed to help organizations mitigate cyber threats. The company offers a suite of software-as-a-service products, including SurfWatch Risk Monitor, which delivers a continuously updated cybercrime risk score and insights tailored to an organization's risk profile. Additionally, SurfWatch Market identifies relevant cyber solutions to address specific security challenges, while SurfWatch Analytics collects and analyzes cyber-related data from various sources to provide timely risk intelligence. Founded in 2012 by former U.S. Government intelligence analysts and based in Sterling, Virginia, SurfWatch Labs aims to empower organizations with a comprehensive understanding of cyber threats, enhancing their tactical defenses through actionable insights and support. The company's solutions are marketed through value-added resellers, system integrators, and managed security service providers across the United States.

Closely

Series A in 2014
Closely is a company dedicated to supporting small, local merchants by providing innovative social and mobile marketing tools. Its flagship product, the Perch App, serves as a mobile-first platform that simplifies the complexities of various social media channels, transforming them into actionable customer insights. This enables merchants to identify key areas for improvement relative to their competitors and enhances their ability to engage with customers effectively. By equipping small business owners with straightforward tools for promoting their offerings and fostering customer loyalty, Closely empowers them to navigate the evolving landscape of digital marketing. Ultimately, the company aims to strengthen the presence of local businesses within their communities and optimize their marketing efforts for greater success.

Quad Learning

Series B in 2014
Quad Learning, Inc., operating as American Honors, is an educational organization founded in 2012 and based in Washington, D.C. The company focuses on creating affordable pathways for students aiming to complete their bachelor's degrees at prestigious colleges and universities. It offers a competitive two-year honors program tailored for high-achieving students, providing essential tools and one-on-one support to facilitate academic success. In addition to the honors program, Quad Learning collaborates with community colleges to enhance marketing strategies, recruitment processes, and faculty development. The company also features Quad, an online learning platform, and delivers personalized advising services that encompass course planning, career exploration, financial aid, and student retention. Through these initiatives, Quad Learning aims to empower students and strengthen partnerships with community colleges across the United States.

Svelte Medical Systems

Venture Round in 2014
Svelte Medical Systems, founded in 2007 by Robert Fischell, David Fischell, and Tim Fischell, specializes in the design, development, and commercialization of balloon-expandable stents for treating atherosclerosis via percutaneous coronary intervention (PCI). The company offers two primary products: SLENDER Integrated Delivery System (IDS), a drug-eluting stent-on-a-wire system that facilitates transradial interventions by downsizing catheters; and DIRECT Rapid Exchange System (RX), a drug-eluting stent designed to enhance direct stenting and high-pressure post-dilatations. Svelte aims to improve stent deliverability, reduce costs, and enhance safety compared to existing market products in the $5 billion coronary stent market.

Speek

Series A in 2014
Speek Inc. is a provider of web-based conference calling solutions based in Dulles, Virginia, established in 2006. The company offers a unique service that simplifies the conference calling experience by eliminating the need for dial-ins, PINs, or downloads. Instead, users are given a personal or business link, which can be shared via email, calendar invites, instant messages, or text messages to facilitate easy access to conference calls. Participants can join calls through their phone, web, or mobile browser, and the platform includes features such as participant visibility, file sharing, and call controls. As of June 2015, Speek operates as a subsidiary of Jive Communications, Inc.

Kareo

Series F in 2014
Kareo is a leading cloud-based clinical and business management platform tailored for independent medical practices. It offers an integrated suite of tools that addresses various administrative challenges faced by these practices, including electronic health records, practice management, billing, marketing, and patient engagement software. The platform also features third-party applications and services through the Kareo Marketplace, enhancing the delivery of care. Serving over 50,000 providers nationwide, Kareo aims to increase the efficiency and profitability of independent practices while ensuring high-quality patient care. The company has received notable industry recognition, including awards for its integrated EHR, practice management, and medical billing solutions. With multiple offices across the United States, Kareo is dedicated to supporting independent practices in navigating the complexities of the healthcare landscape.

Viridis Learning

Seed Round in 2013
Viridis Learning, Inc. is an education technology company specializing in workforce education and human capital solutions for the middle-skill workforce. The company operates a platform that facilitates training, certification, and job placement for individuals seeking to enter, sustain, or advance in middle-skill occupations. Through its human capital technology solution, Viridis, the company addresses skill deficiencies by aligning training programs with the needs of local employers. The training offerings include a variety of courses such as Residential Concrete Specialization, Energy Management and Controls, and Advanced Residential Construction Supervisor, among others. With its base in New York, New York, Viridis Learning aims to enhance the employability of individuals while meeting the demands of employers in the middle-skill labor market.

Speek

Seed Round in 2013
Speek Inc. is a provider of web-based conference calling solutions based in Dulles, Virginia, established in 2006. The company offers a unique service that simplifies the conference calling experience by eliminating the need for dial-ins, PINs, or downloads. Instead, users are given a personal or business link, which can be shared via email, calendar invites, instant messages, or text messages to facilitate easy access to conference calls. Participants can join calls through their phone, web, or mobile browser, and the platform includes features such as participant visibility, file sharing, and call controls. As of June 2015, Speek operates as a subsidiary of Jive Communications, Inc.

ReelGenie

Seed Round in 2013
ReelGenie, LLC is a company based in Silver Spring, Maryland, that offers an online platform for creating videos from customers' photos and digital media. Founded in 2012, ReelGenie allows users to transform personal experiences, such as vacations and weddings, into dynamic films by combining multimedia elements like photos, video clips, narration, music, and text. The platform provides options for users to either generate an automatic video or utilize editing features for a more customized product. Videos can be shared online, downloaded, or purchased as DVDs. By facilitating video storytelling, ReelGenie enhances brand engagement and creates opportunities for revenue generation.

TerraGo

Series C in 2013
TerraGo Technologies, Inc. specializes in developing software applications and mobile apps that facilitate the collection, sharing, and collaboration of location-based data. Its key products include TerraGo Magic for custom app creation, TerraGo Edge for smart forms and GPS/GIS integration, TerraGo Publisher for offline map sharing, TerraGo Composer for PDF map conversion, TerraGo for Drones for commercial drone data management, and TerraGo Toolbar for GeoPDF map access. These solutions cater to various industries such as agriculture, construction, defense, and utilities, supporting applications like drone mapping, surveying, and field service. TerraGo serves over 850 organizations, with a strategic partnership with Urban Control. Founded in 2005 and headquartered in Sterling, Virginia, with an additional office in Atlanta, the company enables non-GIS users to access and apply maps and images, fostering geospatial collaboration and data gathering.

ViewLift

Venture Round in 2013
ViewLift is a comprehensive video streaming platform designed for publishers to effectively distribute and monetize their content across various digital devices, including mobile, OTT, IPTV, and Smart TVs. The platform enables companies to connect directly with consumers by streaming video content, thereby reaching targeted audiences in a dynamic media environment. ViewLift offers a range of features, including video monetization, analytics, and content distribution, allowing creators and brands to develop successful business models around their offerings. With its focus on custom branded native applications, ViewLift simplifies the process of engaging viewers and managing content across multiple platforms.

SnagFilms

Venture Round in 2013
SnagFilms Inc. is an online film distribution company that provides a platform for audiences to watch, share, and support a diverse array of films and documentaries. Established in 2007 and headquartered in New York, the company offers access to full-length movies, TV shows, and various genres including comedy, drama, documentaries, and horror, among others. Users can stream and download content on multiple devices, such as mobile phones, tablets, desktops, and televisions. SnagFilms aims to make film viewing accessible by offering thousands of films for free, including multi-lingual options to cater to a wider audience.

Speek

Seed Round in 2013
Speek Inc. is a provider of web-based conference calling solutions based in Dulles, Virginia, established in 2006. The company offers a unique service that simplifies the conference calling experience by eliminating the need for dial-ins, PINs, or downloads. Instead, users are given a personal or business link, which can be shared via email, calendar invites, instant messages, or text messages to facilitate easy access to conference calls. Participants can join calls through their phone, web, or mobile browser, and the platform includes features such as participant visibility, file sharing, and call controls. As of June 2015, Speek operates as a subsidiary of Jive Communications, Inc.

Revance Therapeutics

Series D in 2011
Revance Therapeutics is a biopharmaceutical company focused on developing and commercializing products for dermatology and aesthetics. Its lead product, RT001, is a topical botulinum toxin type A for cosmetic use, hyperhidrosis treatment, and other dermatological indications.

FlyBy Media

Series A in 2010
FlyBy Media is a venture-backed company that specializes in the development of augmented reality games and mobile social applications designed to integrate the physical world with digital content. Founded in 2010 and headquartered in New York, the company is composed of a team of mobile industry entrepreneurs and computer vision scientists. FlyBy Media focuses on creating innovative technologies that enhance real-world experiences rather than replacing them. Its products cater to mobile platforms, including iPhone and Android devices, as well as traditional game consoles, emphasizing the connection between real-life interactions and digital experiences.

Svelte Medical Systems

Debt Financing in 2009
Svelte Medical Systems, founded in 2007 by Robert Fischell, David Fischell, and Tim Fischell, specializes in the design, development, and commercialization of balloon-expandable stents for treating atherosclerosis via percutaneous coronary intervention (PCI). The company offers two primary products: SLENDER Integrated Delivery System (IDS), a drug-eluting stent-on-a-wire system that facilitates transradial interventions by downsizing catheters; and DIRECT Rapid Exchange System (RX), a drug-eluting stent designed to enhance direct stenting and high-pressure post-dilatations. Svelte aims to improve stent deliverability, reduce costs, and enhance safety compared to existing market products in the $5 billion coronary stent market.

TerraGo

Venture Round in 2009
TerraGo Technologies, Inc. specializes in developing software applications and mobile apps that facilitate the collection, sharing, and collaboration of location-based data. Its key products include TerraGo Magic for custom app creation, TerraGo Edge for smart forms and GPS/GIS integration, TerraGo Publisher for offline map sharing, TerraGo Composer for PDF map conversion, TerraGo for Drones for commercial drone data management, and TerraGo Toolbar for GeoPDF map access. These solutions cater to various industries such as agriculture, construction, defense, and utilities, supporting applications like drone mapping, surveying, and field service. TerraGo serves over 850 organizations, with a strategic partnership with Urban Control. Founded in 2005 and headquartered in Sterling, Virginia, with an additional office in Atlanta, the company enables non-GIS users to access and apply maps and images, fostering geospatial collaboration and data gathering.

Overture Technologies

Series C in 2008
Overture Technologies, Inc. specializes in developing and marketing software solutions and consulting services tailored for the residential lending and student financial aid sectors. The company offers a range of education finance solutions, including Conductor, which provides personalized guidance for students and parents regarding funding options, and a Student Loan Marketplace that allows users to compare loan terms from various lenders. Additionally, Overture has developed Amadeus, an underwriting and pricing solution specifically designed for the student loan industry. In the realm of mortgage finance, the company provides solutions that enhance market efficiency and risk management for underwriting, pricing, servicing, and valuing mortgage loans and assets. Their offerings include Mozart for Special Servicing, which helps reduce repeat default rates; Mozart for Acquisitions, which assesses the worthiness of loan pools; and Mozart for Originations, an automated underwriting system. Founded in 2000, Overture Technologies is headquartered in Bethesda, Maryland.

Aquestive Therapeutics

Debt Financing in 2008
Aquestive Therapeutics is a specialty pharmaceutical company dedicated to developing and commercializing innovative products to address unmet medical needs, with a focus on diseases of the Central Nervous System (CNS) and severe allergic reactions. Its portfolio includes marketed products like Suboxone, Emylif, Ondif, and Sympazan, along with pipeline candidates such as Libervant Buccal Film and AQST-108.

Orchestro

Series C in 2008
Orchestro develops a Software-as-a-Service based demand signal management platform tailored for consumer packaged goods companies. The platform consolidates point-of-sale, internal, and syndicated data to create dashboards for various roles such as category analysts, national account managers, and international representatives. Orchestro's solutions support data harmonization, in-store execution, new product introduction, on-shelf availability, promotion execution, and replenishment needs across sales, supply chain, marketing, operations, executive/finance staff, and category management teams. Founded in 1999 and based in McLean, Virginia, Orchestro was formerly known as Vision Chain, Inc. before changing its name in February 2013.

Innovative Biosensors

Venture Round in 2008
Innovative Biosensors' technology is built upon a foundation of a genetically engineered biosensor that allows for extremely rapid testing of analytes, providing high levels of sensitivity and specificity. The patented, self-contained biosensor system is capable of generating a sensitive and specific result with minimal amount of reagents in minutes, making it a cost-effective alternative to traditional laboratory testing. In addition, the biosensors can be engineered to detect one target or several targets of interest simultaneously and used to perform a wide variety of bioassays. Designed for real-time detection, minimally-skilled personnel can perform tests and analysis at the site of sampling using small, portable, space-saving instrumentation

Digital Bridge Communications Corp.

Series B in 2008
Founded in late 2005, DigitalBridge Communications (DBC) provides broadband wireless to small and medium-sized communities of up to 150,000 people nationwide through the new WiMAX technology standard. In June 2007, DBC launched the first commercial WiMAX system in the United States in Rexburg, Idaho. Our strong, growing business benefits from the low-capital costs of WiMAX deployments and its high subscriber self-install rates. Building on the advantages of WiMAX economics, DBC has developed a highly scalable network deployment and variable-cost based back office platform that will enable us to bring broadband to communities nationwide. DBC is also committed to working with communities and schools to make high speed services available to local residents and students. We look forward to becoming an integral part of each community that we serve. We also expect to create partnerships with universities similar to our relationship with Ball State University in Muncie, Indiana. In January, 2007, Ball State University and DBC partnered to test licensed WiMAX self-install equipment. The test deployment was one of the first in the U.S. Since then, the collaboration continues to create the technical and business models needed to deliver WiMAX wireless broadband services profitably to traditionally underserved markets in Indiana and across the country.

Orchestro

Series C in 2007
Orchestro develops a Software-as-a-Service based demand signal management platform tailored for consumer packaged goods companies. The platform consolidates point-of-sale, internal, and syndicated data to create dashboards for various roles such as category analysts, national account managers, and international representatives. Orchestro's solutions support data harmonization, in-store execution, new product introduction, on-shelf availability, promotion execution, and replenishment needs across sales, supply chain, marketing, operations, executive/finance staff, and category management teams. Founded in 1999 and based in McLean, Virginia, Orchestro was formerly known as Vision Chain, Inc. before changing its name in February 2013.

Verax Biomedical

Series E in 2007
Verax Biomedical is a medical products company that develops rapid tests to detect bacterial contamination in blood components and cellular therapies intended for transfusion and transplantation. Its platelet pan genera detection (PGD) test detects shared antigens across bacteria, enabling monitoring for bacterial contamination during blood transfusions and cellular transplants. The company focuses on rapid, practical testing to address the risk of bacteria that can proliferate in stored cellular materials. Verax Biomedical was founded in 1999 and is based in Marlborough, Massachusetts.

Aldagen

Series C in 2007
Aldagen is a biopharmaceutical company developing regenerative cell therapies targeting significant unmet medical needs. Its primary focus is improving umbilical cord blood transplants for inherited metabolic diseases (ALD-101, Phase 3), leukemia treatment (ALD-151, Phase 1/2), and cardiovascular conditions such as critical limb ischemia (ALD-301) and ischemic heart failure (ALD-201).

TerraGo

Series A in 2007
TerraGo Technologies, Inc. specializes in developing software applications and mobile apps that facilitate the collection, sharing, and collaboration of location-based data. Its key products include TerraGo Magic for custom app creation, TerraGo Edge for smart forms and GPS/GIS integration, TerraGo Publisher for offline map sharing, TerraGo Composer for PDF map conversion, TerraGo for Drones for commercial drone data management, and TerraGo Toolbar for GeoPDF map access. These solutions cater to various industries such as agriculture, construction, defense, and utilities, supporting applications like drone mapping, surveying, and field service. TerraGo serves over 850 organizations, with a strategic partnership with Urban Control. Founded in 2005 and headquartered in Sterling, Virginia, with an additional office in Atlanta, the company enables non-GIS users to access and apply maps and images, fostering geospatial collaboration and data gathering.

Digital Bridge Communications Corp.

Series A in 2006
Founded in late 2005, DigitalBridge Communications (DBC) provides broadband wireless to small and medium-sized communities of up to 150,000 people nationwide through the new WiMAX technology standard. In June 2007, DBC launched the first commercial WiMAX system in the United States in Rexburg, Idaho. Our strong, growing business benefits from the low-capital costs of WiMAX deployments and its high subscriber self-install rates. Building on the advantages of WiMAX economics, DBC has developed a highly scalable network deployment and variable-cost based back office platform that will enable us to bring broadband to communities nationwide. DBC is also committed to working with communities and schools to make high speed services available to local residents and students. We look forward to becoming an integral part of each community that we serve. We also expect to create partnerships with universities similar to our relationship with Ball State University in Muncie, Indiana. In January, 2007, Ball State University and DBC partnered to test licensed WiMAX self-install equipment. The test deployment was one of the first in the U.S. Since then, the collaboration continues to create the technical and business models needed to deliver WiMAX wireless broadband services profitably to traditionally underserved markets in Indiana and across the country.

Prestwick Pharmaceuticals

Series C in 2006
Prestwick Pharmaceuticals develops and markets therapeutic pharmaceutical drugs for chronic central nervous systems diseases. The company offers products for restless legs syndrome, schizophrenia, autism, Alzheimer’s, and sleep apnea ailments. Prestwick Pharmaceuticals was founded in 2002 and is based in Washington, District of Columbia.

Overture Technologies

Series B in 2006
Overture Technologies, Inc. specializes in developing and marketing software solutions and consulting services tailored for the residential lending and student financial aid sectors. The company offers a range of education finance solutions, including Conductor, which provides personalized guidance for students and parents regarding funding options, and a Student Loan Marketplace that allows users to compare loan terms from various lenders. Additionally, Overture has developed Amadeus, an underwriting and pricing solution specifically designed for the student loan industry. In the realm of mortgage finance, the company provides solutions that enhance market efficiency and risk management for underwriting, pricing, servicing, and valuing mortgage loans and assets. Their offerings include Mozart for Special Servicing, which helps reduce repeat default rates; Mozart for Acquisitions, which assesses the worthiness of loan pools; and Mozart for Originations, an automated underwriting system. Founded in 2000, Overture Technologies is headquartered in Bethesda, Maryland.

Vital Sensors

Venture Round in 2006
Vital Sensors is a medical device company based in Richmond, Virginia, that specializes in developing remote cardiac sensors for patients with congestive heart failure. Founded in 2002, the company provides on-demand data monitoring solutions for individuals with cardiovascular diseases, facilitating both hospital and home care. Vital Sensors aims to improve patient outcomes by offering advanced monitoring capabilities through its innovative technology.

Verax Biomedical

Series B in 2005
Verax Biomedical is a medical products company that develops rapid tests to detect bacterial contamination in blood components and cellular therapies intended for transfusion and transplantation. Its platelet pan genera detection (PGD) test detects shared antigens across bacteria, enabling monitoring for bacterial contamination during blood transfusions and cellular transplants. The company focuses on rapid, practical testing to address the risk of bacteria that can proliferate in stored cellular materials. Verax Biomedical was founded in 1999 and is based in Marlborough, Massachusetts.

Prestwick Pharmaceuticals

Series B in 2004
Prestwick Pharmaceuticals develops and markets therapeutic pharmaceutical drugs for chronic central nervous systems diseases. The company offers products for restless legs syndrome, schizophrenia, autism, Alzheimer’s, and sleep apnea ailments. Prestwick Pharmaceuticals was founded in 2002 and is based in Washington, District of Columbia.

PaylinX

Series B in 2000
PaylinX is a company that specializes in the design, development, and marketing of point-of-sale (POS) software solutions, alongside providing support services for its products. Founded in 1994 and based in Foster City, California, PaylinX offers a payment server capable of managing the authorization and settlement of credit card and other payment transactions in real-time. Its payment solutions enable businesses to accept and process transactions across various sales channels, including web storefronts, call centers, interactive voice response systems, in-store POS systems, and kiosks. By integrating with third-party processors and merchant banks, PaylinX facilitates seamless transaction processing and helps merchants maintain strong customer relationships and efficient financial management systems. In July 2000, the company was acquired by Cybersource.
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