Tech Council Ventures

Tech Council Ventures, founded in 2000 and based in Summit, New Jersey, focuses on early-stage venture capital investments across the United States. Formerly known as NJTC Venture Fund, the firm targets seed, series A, and expansion stage investments in sectors such as advanced materials, energy, information technology, and healthcare. By partnering with entrepreneurs, Tech Council Ventures aims to build innovative businesses that not only deliver strong returns for investors but also contribute to economic growth in the community. The firm operates as a Registered Investment Adviser, managing a venture capital fund dedicated to fostering the development of promising startups.

Joseph A. Allegra

Director

Jim Gunton

Managing Partner and Founder

James Gunton

Founder & Managing Partner

Mark Kolb

Partner

Stephen Socolof

Managing Partner

6 past transactions

CareAlign

Seed Round in 2021
TrekIT provides clinicians with an intuitive, patient-centric task management tool to track, manage and coordinate clinical care. Easily assign, date and time tasks, categorize them for when they are due, view cleared tasks and more.

Kintra Fibers

Seed Round in 2020
Kintra Fibers, Inc. is a material science company based in Brooklyn, New York, established in 2018. The company specializes in the production of bio-synthetic fabrics and yarns specifically for the fashion industry. Kintra Fibers has developed a proprietary bio-based and compostable polymer that provides apparel brands with versatile and strong performance while ensuring compatibility with existing manufacturing processes. This innovative material serves as an alternative to traditional fossil-fuel-based textiles, which dominate the global fiber market. Designed to be compostable, Kintra's fibers can be broken down into carbon dioxide and water in wastewater treatment facilities, addressing concerns about microplastic pollution in oceans and soil. Additionally, textiles created with Kintra materials support circularity by being suitable for chemical and mechanical recycling or industrial composting, promoting sustainable practices in the textile industry.

CareAlign

Seed Round in 2020
TrekIT provides clinicians with an intuitive, patient-centric task management tool to track, manage and coordinate clinical care. Easily assign, date and time tasks, categorize them for when they are due, view cleared tasks and more.

ChoiceWORX

Seed Round in 2020
ChoiceWORX, Inc. operates as an automation software firm for IT operations. Its products include apptinuum; which provides an advanced artificial intelligence (AI) platform that enables intelligent automation of end-user support and device management; and robotinuu, an AI platform that manages robotic automation environments across the endpoint, application, and infrastructure layers. Its solution enables companies to reduce costs, improve worker productivity, and reduce dependence on human labor. The company was incorporated in 2017 and is based in New York, New York.

Princeton Identity

Venture Round in 2019
Princeton Identity Inc. specializes in biometric identity management, focusing on the manufacturing of biometric equipment such as iris and face recognition devices. The company develops advanced access control security systems and identification solutions, complemented by a software platform that facilitates identity management through an intuitive interface. This platform supports multimodal and multifactor biometric identification, including iris recognition and PIN verification. Established in 2016 and based in Hamilton, New Jersey, with an additional office in Dubai, Princeton Identity emerged as an independent venture after spinning off from SRI International. The company's technology aims to enhance security accuracy, reliability, and convenience for businesses and organizations worldwide.

Forefront TeleCare

Series A in 2019
Forefront TeleCare, Inc. is a pioneer and U.S. leader in the delivery of behavioral health services to small, rural healthcare facilities via our unique HIPAA-compliant TeleCare service which incorporates software, hardware, and comprehensive service protocols. Our current specialty services include psychiatry and clinical psychology, and we expect to begin delivering both physiatry and advanced wound care services by early 2014. Our client facilities include skilled nursing facilities and clinics in 18 states from coast to coast. Our Forefront Provider Network currently includes psychiatrists, clinical psychologists, and psychiatric nurse practitioners.