Conscious Venture Lab

Conscious Venture Lab is an early-stage business accelerator based in Baltimore, Maryland, established in 2013. The firm is dedicated to nurturing purpose-driven companies that aim to leverage capitalism for a more just, joyful, and equitable society. It focuses on various sectors, including cybersecurity, biotechnology, technology infrastructure, consumer products, and gaming, among others. Conscious Venture Lab typically invests between $25,000 and $50,000 for equity stakes of 5 to 10 percent. The accelerator runs a six-month program designed for teams with a minimum of three members. The initiative honors the legacy of David B. Wolfe and incorporates insights from leading thinkers in Conscious Capitalism, fostering the development of "Companies that Matter."

Jeff Cherry

Managing Partner

29 past transactions

EcoMap

Seed Round in 2023
EcoMap is a company that specializes in creating data and AI-driven solutions designed to enhance entrepreneurial ecosystems. By centralizing essential information about organizations, resources, and community activities, EcoMap's platform serves as a valuable tool for entrepreneurs and ecosystem builders. The company collaborates with various stakeholders, including government agencies and social impact enterprises, to improve resource connectivity and facilitate personalized opportunities for users. Additionally, EcoMap offers advanced algorithms and chatbots that streamline access to critical ecosystem information, ensuring that entrepreneurs can efficiently locate the resources they need within their local communities.

Breakthru

Seed Round in 2023
Breakthru is a company focused on connecting organizations with youth through a digital earning platform. It empowers students by providing them with opportunities to learn about various companies and skills while earning money in the process. The platform utilizes gamification and incentives to engage young users, fostering deeper relationships between brands and the youth demographic. Students can withdraw their earnings through partnerships with digital wallet services such as PayPal, Coinbase, Uber, Amazon, and Dunkin. By combining education and financial tools, Breakthru aims to support the academic and professional pursuits of young individuals.

CarpeDM

Pre Seed Round in 2022
CarpeDM is an online dating community platform designed specifically for singles seeking meaningful relationships with professional Black women. The platform serves as an exclusive member-only space where users can engage in personal matchmaking services. CarpeDM emphasizes a vetted community, ensuring that members meet specific dating criteria and compatibility rankings. Through its innovative video dating application, the company facilitates connections among users, allowing them to explore potential relationships in a supportive and focused environment.

PONS

Pre Seed Round in 2022
PONS is a company specializing in the development of artificial intelligence to enhance ultrasound imaging, particularly for brain diagnostics. Utilizing machine learning algorithms, PONS transforms traditional ultrasound systems into smart, AI-driven diagnostic tools that improve scan resolution, tissue contrast, and noise reduction. This innovation aims to provide expert-level insights without the need for costly new hardware. The company's primary objective is to create a wearable ultrasound device to assist first responders and ambulance doctors with pre-diagnostics in challenging circumstances, facilitating early disease detection and preventive screening. By focusing on important anatomical features in ultrasound scans, PONS seeks to advance the capabilities of ultrasound technology in neurosurgery and related fields.

EcoMap

Seed Round in 2022
EcoMap is a company that specializes in creating data and AI-driven solutions designed to enhance entrepreneurial ecosystems. By centralizing essential information about organizations, resources, and community activities, EcoMap's platform serves as a valuable tool for entrepreneurs and ecosystem builders. The company collaborates with various stakeholders, including government agencies and social impact enterprises, to improve resource connectivity and facilitate personalized opportunities for users. Additionally, EcoMap offers advanced algorithms and chatbots that streamline access to critical ecosystem information, ensuring that entrepreneurs can efficiently locate the resources they need within their local communities.

Givhero

Seed Round in 2022
GivHero, Inc. is a company that develops a health and fitness mobile application aimed at enhancing employee wellness. Founded in 2017 and based in Gaithersburg, Maryland, GivHero focuses on setting personalized health goals for activities such as running, biking, weight loss, and blood sugar management. The platform not only encourages employees to engage in healthier behaviors but also connects their wellness activities to social causes they care about, providing meaningful motivation through sponsorship and rewards. This approach fosters increased employee engagement and productivity while also helping to lower long-term insurance costs for employers. By automating wellness program administration, GivHero simplifies the process for organizations looking to support their employees' health initiatives.

Sage Seo

Angel Round in 2022
Sage SEO is a Software as a Service (SaaS) platform designed to assist startups in achieving top search engine rankings through simplified SEO tasks. The company optimizes content creation by offering keyword recommendations, data insights, and actionable tips, providing startups with a clear path to improved SEO performance and higher organic traffic. Sage SEO integrates API access to various tools such as Google Analytics, Search Console, SEMRush, AHRefs, and DataforSEO, consolidating data from multiple sources into a single, actionable intelligence hub. Leveraging open artificial intelligence innovation and generative tech, the platform offers affordable software that combines content creation with machine learning-based keyword research and SEO performance analytics, enabling customers to achieve superior content marketing outcomes.

Sheeva.AI

Seed Round in 2021
Sheeva.AI is a technology company that specializes in in-car payments and commerce solutions, enhancing the driver experience through vehicle location-based services. Its patented geolocation technology enables drivers to effortlessly pay for various services, including fueling, electric vehicle charging, parking, and curbside pickup, all without leaving their vehicles. The system automatically detects the vehicle's location at specific service points, allowing payments to be processed directly through the in-vehicle infotainment screen or an OEM mobile app. Additionally, Sheeva.AI offers an Open API that allows original equipment manufacturers and service providers to integrate payment functionalities via the cloud, using a secure digital wallet and requiring no additional hardware or new applications. This innovation streamlines driving-related tasks and automates payments for a more convenient customer experience in connected vehicles.

Danae

Seed Round in 2021
Danae, Inc., established in 2016 and headquartered in Baltimore, Maryland, specializes in manufacturing custom prosthetic covers for lower limb amputees. The company sets itself apart by offering a unique mobile and desktop application, enabling users to personalize their prosthetic devices to reflect their individual style and personality. Danae's primary business is the design and 3D printing of high-quality, customized prosthetic parts, empowering users to celebrate their individuality while ensuring functional effectiveness.

Fearless Sports

Seed Round in 2021
Fearless Sports is a local apparel company that specializes in providing comfortable sports clothing through its online store. The company focuses on offering versatile, durable, and easy-to-wear athleisure apparel suitable for a range of activities, including workouts, sports, and work-from-home environments. By prioritizing affordability and style, Fearless Sports aims to meet the needs of customers seeking functional yet fashionable sportswear.

LifeTagger

Pre Seed Round in 2021
LifeTagger is a company that operates a proximity automation platform designed to facilitate the creation, distribution, and reception of content based on users' proximity to various elements, including people, places, and ideas. The platform allows businesses to generate multiple social tiles and develop location-specific content, enabling dynamic processes and workflows triggered by user interactions, such as scanning LifeCodes. LifeTagger also provides comprehensive data and analytics regarding audience engagement, including details on who is scanning the codes, their locations, and their interactions. This functionality allows businesses to seamlessly integrate LifeTagger's services into their existing systems and platforms, enhancing user engagement and tracking capabilities.

Awana

Pre Seed Round in 2021
Awana is a staffing agency that specializes in sourcing and employing skilled engineers from diverse communities across the Americas. The company provides a comprehensive range of services, including the creation of job descriptions, candidate sourcing, and enhancing recruitment marketing strategies. Awana also conducts initial phone screenings and video interviews, prepares offer letters, and finalizes employment contracts, ensuring a thorough and professional recruitment process for both clients and candidates. Through its targeted approach, Awana aims to connect businesses with the right engineering talent to meet their specific needs.

PEGASI

Pre Seed Round in 2020
PEGASI International focuses on improving healthcare accessibility and quality in Latin America by leveraging technology and data management. The company aggregates non-sensitive big data to create healthcare business intelligence tools aimed at enhancing regional development. Its primary product, the 20/20 platform, is a HIPAA-compliant health information system that hosts over 50 million patient records through a software-as-a-service model. Additionally, PEGASI has developed an oncology information system designed to streamline the treatment process for cancer patients by organizing data in an anonymized format. This system facilitates the development of algorithms that support clinical decision-making, ensuring that patients, healthcare providers, and doctors have access to clear and secure information.

Bodha

Seed Round in 2020
Bodha Inc is a developer of an artificial intelligence-based cognitive platform that focuses on enhancing talent management and performance evaluation within organizations. By utilizing principles from cognitive science, the company categorizes human personality traits, interests, and values, allowing for a more accurate assessment of employee performance and potential. Bodha Inc's platform aims to address the shortcomings of traditional performance management systems, which often suffer from subjectivity and bias, leading to employee dissatisfaction and high turnover rates. The company offers a unique blend of performance management and performance support interventions, enabling organizations to capture and analyze performance data effectively. This approach not only aligns individual performance feedback with organizational goals but also provides targeted interventions to foster team cohesion and improve overall workplace dynamics.

Quantibly

Non Equity Assistance in 2020
Quantibly is a B2B SaaS platform that assists nonprofit and NGO organizations in effectively operationalizing their impact data. The company provides a tech-enabled service that encompasses all facets of data collection, allowing organizations to establish standards and measure their impact in real-time. By organizing this data through its operations platform, Quantibly enables organizations in the social sector to enhance productivity and better manage their information, ultimately driving more effective decision-making and outcomes.

Gridlion

Seed Round in 2017
Gridlion is an energy management solutions provider based in Baltimore, Maryland, founded in 2016. The company specializes in offering smart building services, operational resilience planning, and strategic energy planning. Its primary clientele includes commercial building owners, healthcare facilities, and the indoor agriculture sector. By implementing a unique approach to energy management, Gridlion enables clients to achieve an average energy cost reduction of 30%. The company emphasizes that effective energy management should be an integral part of an operational business strategy rather than merely an engineering challenge. Gridlion also prioritizes community engagement, committing to contribute 5% of its profits to initiatives that support families and create opportunities in Baltimore.

The Cube Cowork

Seed Round in 2017
The Cube Cowork LLC, established in 2016 and located in Baltimore, Maryland, offers a unique coworking space tailored for entrepreneurs, particularly those with families. The facility includes private office rentals and a communal workspace equipped with meeting rooms and free high-speed Wi-Fi, addressing the essential needs of modern professionals. A distinctive feature is its dedicated play area for children, furnished with eco-friendly toys and supervised by CPR-certified staff, allowing parents to work while ensuring their children are cared for. The Cube Cowork aims to create an environment where balancing family life and entrepreneurial pursuits is both feasible and supported, promoting the idea that parents can successfully pursue their careers and personal aspirations.

Parkofon

Seed Round in 2017
Parkofon Inc. is an information technology company based in Alexandria, Virginia, founded in 2016. The company specializes in developing an automated parking payment and guidance system designed to simplify the parking experience for drivers. Its platform features a mobile app and an in-car device that directs users to available parking spaces in real time and facilitates payment for the actual duration of parking. By addressing the challenges of urban commuting, Parkofon aims to alleviate congestion, reduce pollution, and enhance economic growth, making city living more efficient and enjoyable.

Treason Toting Company

Seed Round in 2017
Treason Toting Company is an e-commerce business founded in 2013 by Aaron Jones and Jason Bass, specializing in fashion accessories. The company operates an online platform that features a variety of products, including leather and canvas tote bags, duffel bags, wash bags, and wallets. By offering trendy and stylish items, Treason Toting Company caters to both retailers and consumers, ensuring access to the latest fashion accessories at any time.

Ujoin

Seed Round in 2017
Ujoin, Inc. is a software-as-a-service company based in Burlingame, California, that specializes in providing tools for nonprofits and businesses to effectively engage in advocacy on policy issues. Founded in 2014, the platform enables organizations to create action pages that facilitate the sending of personalized messages, including video content, to legislators and government officials. Additionally, Ujoin offers a legislative bill-tracking dashboard, allowing users to monitor relevant legislation and share updates with their communities. By streamlining the process of advocacy and email management, Ujoin aims to empower small to mid-sized organizations to influence policy effectively and build their networks. The company also plans to establish a nonprofit education arm to further its social benefit mission.

PEGASI

Pre Seed Round in 2016
PEGASI International focuses on improving healthcare accessibility and quality in Latin America by leveraging technology and data management. The company aggregates non-sensitive big data to create healthcare business intelligence tools aimed at enhancing regional development. Its primary product, the 20/20 platform, is a HIPAA-compliant health information system that hosts over 50 million patient records through a software-as-a-service model. Additionally, PEGASI has developed an oncology information system designed to streamline the treatment process for cancer patients by organizing data in an anonymized format. This system facilitates the development of algorithms that support clinical decision-making, ensuring that patients, healthcare providers, and doctors have access to clear and secure information.

Hungry Harvest

Seed Round in 2014
Hungry Harvest LLC is a food and beverage company based in Baltimore, Maryland, founded in 2014. The company specializes in sourcing and delivering surplus and organic produce, including a variety of fruits and leafy green vegetables, to customers in Baltimore, the District of Columbia, Philadelphia, and surrounding areas. Through its online platform, Hungry Harvest offers customizable boxes that can be delivered weekly or bi-weekly, allowing customers to receive fresh farm produce directly at their doorstep. The company focuses on creating a waste-free food system by recovering excess produce from farms, ensuring that farmers are compensated for their surplus while providing consumers with affordable, high-quality food options.

Going Green Today

Seed Round in 2014
Going Green Today is a community-based Internet site that provides its users with products, services & credits that help them go “green”. It does this through a unique personalization engine that guides the user through a 90-day action plan to “green” their life. This allows them savings of both cash & carbon and later the potential to participate on the carbon credit exchanges. Its unique approach tackles the hard problem of behavior change at a personal level. It does this through applying game theory. First, a quiz & action plan generates user engagement with community engagement, friendly competition & game mechanics as subsequent engagement tools.

Zest

Seed Round in 2014
Zest is a social media monetization tool for food bloggers. It is based in Washington, District of Columbia, United States.

CoderLoan

Seed Round in 2014
CoderLoan is an online educational platform established in 2013 in New York, designed to assist students in securing educational loans and connecting with potential employers. The platform enables students and recent graduates to find financing options by linking them with various financial institutions that offer educational loans. Additionally, CoderLoan facilitates job placements by connecting students with companies seeking junior developers, thereby enhancing employment opportunities. The company generates revenue by taking a percentage from the loans issued and charging fees to companies that recruit through its platform. Co-founders Matt Palen, Micheal Martin, and Natasha Rajpal envisioned CoderLoan as a comprehensive resource for students to navigate both their educational financing and career prospects.

Self Spark

Seed Round in 2014
Self Spark is a social enterprise established in 2012 and located in Columbia, Maryland. The company focuses on empowering individuals to make measurable changes in their lives through science-based methods. It collaborates with behavior change scientists, hackers, and innovators to develop and distribute validated innovations and life-enhancing techniques. Self Spark promotes open science by sharing research findings and raw data publicly. The company organizes a variety of programs, including two-day, one-day, half-day, lunchtime, and keynote events, which provide participants with hands-on assistance and information on effective life hacks and tools. Through these initiatives, Self Spark aims to facilitate lasting improvements in personal well-being.

Spend Consciously

Seed Round in 2014
Spend Consciously is a U.S.-based technology company that develops mobile and web applications to help consumers spend in alignment with their values. The company offers a point-of-sale and barcode-scanning platform that reveals the political and social spending behind products, enabling users to compare alternatives and share information with others. Its BuyPartisan framework aims to create a two-way relationship between consumers and companies, educating purchasers and fostering values-based decision making. In addition to consumer tools, the platform provides measurements that allow corporations to gauge the impact of corporate social responsibility campaigns and to leverage related point-of-sale marketing opportunities. Founded in 2012, Spend Consciously is based in Washington, D.C.

Shenami

Seed Round in 2014
Shenami is an online platform designed to connect women consumers with women-owned businesses. The company aims to empower women entrepreneurs by providing them with actionable information, access to local service providers, and funding opportunities within a supportive virtual community. Shenami recognizes the significant impact that successful women business owners can have, creating a ripple effect that benefits their families, employees, and communities. Through its initiatives, Shenami seeks to transform society by fostering a network that amplifies the influence and success of women in business.

Shea Radiance

Seed Round in 2014
Shea Radiance is a manufacturer of premium hair and body care products that harness the natural benefits of shea butter, a key ingredient sourced from West Africa. Founded out of a family's quest for effective solutions to dry and eczema-prone skin, the company focuses on creating luxurious, handcrafted products that combine high-quality shea butter with other fine natural ingredients. Shea butter, often referred to as "Women's Gold" in West Africa, is handpicked by local women, who benefit financially from its processing. Shea Radiance collaborates with these women producers, not only to source their shea but also to incorporate traditional wisdom into their product formulations. This commitment to empowering women extends beyond sourcing; the company believes that fostering women's financial independence strengthens families and transforms communities. With over eight years of experience in formulating natural products, Shea Radiance emphasizes the effectiveness of their formulations, which contain a higher percentage of shea butter, ensuring optimal results for their customers' hair and skin.
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