New Ground Ventures

New Ground Ventures is a venture capital firm founded in 2013, with operations based in Connecticut and Palo Alto, California. The firm focuses on investing in seed to later-stage companies across various sectors, including financial services, healthcare, consumer goods, and technology. New Ground Ventures aims to support breakthrough companies by providing not only financial backing but also a commitment to their missions. Its portfolio includes notable companies such as 915 LABS, aeglea, ALOHA, CARGO, and fingerprint. Through its investment strategy, New Ground Ventures seeks to foster innovation and growth in the industries it targets.

Anthony Xu

Partner

Zac Zeitlin

Founder and Partner

42 past transactions

15Five

Series C in 2022
15Five, Inc. is a company that develops a cloud-based performance management platform aimed at enhancing employee engagement and performance. Founded in 2011 and headquartered in San Francisco, with additional offices in Raleigh and New York, 15Five offers a suite of tools that includes employee appreciation software, one-on-one meeting agendas, and a comprehensive 360° performance review system. The platform facilitates weekly check-ins for performance feedback, enables users to set objectives through OKRs, and allows for the collection of insights via polls and custom reports. With nearly 2,000 businesses globally utilizing its services, 15Five’s solutions are designed to help organizations foster high-performing teams by promoting regular communication, celebrating achievements, and providing constructive feedback to guide employee development.

CloudApp

Series A in 2022
CloudApp is a visual sharing platform designed to enhance communication through the use of short videos, GIFs, and visuals, including annotated screenshots and images. By allowing users to record, host, and share these visual elements, CloudApp streamlines team and customer interactions, making conversations more efficient and reducing the likelihood of miscommunication. The platform aims to facilitate collaboration by providing tools that enable users to convey messages clearly and succinctly, ultimately improving the overall effectiveness of team discussions.

Abselion

Seed Round in 2021
Abselion specializes in the development of biosensors aimed at enhancing the analysis of biological substances, such as proteins and small molecules, for pharmaceutical research and manufacturing. The company's innovative diagnostic analyzers and kits facilitate the study of biomolecular interactions, including protein interaction analysis. By providing a rapid and cost-effective means of detecting biological materials, Abselion enables researchers to achieve sensitive and near real-time medical diagnoses, thereby simplifying the analytical processes essential for advancing pharmaceutical research.

Zipongo

Series C in 2021
Zipongo is a company focused on promoting healthy eating habits among individuals through personalized food recommendations. Their platform is designed for employers and health plans, providing tools and content that facilitate healthy eating both at home and in the workplace. By offering actionable data and insights on dietary impacts on overall health, Zipongo aims to enhance the well-being of employees and members while contributing to significant reductions in health-related costs. Additionally, the company provides deals on healthy food, recipes, and nutrition tips, further supporting individuals in making better food choices.

YFood

Series B in 2020
YFood Labs is a food-tech startup focused on creating innovative food solutions tailored for modern consumers. The company specializes in producing complete-nutrition drinks, drink powders, and bars, which serve as convenient meal alternatives. YFood's products are designed to provide balanced nutrition, incorporating essential proteins, vitamins, minerals, omega fatty acids, and fiber. By offering these health-oriented options, YFood aims to enable consumers to maintain consistent energy levels throughout the day while avoiding less nutritious junk food.

Process Street

Series A in 2020
Process Street is a software-as-a-service (SaaS) platform established in 2014 and based in San Francisco, California. It enables non-technical teams to create and manage efficient workflows without the need for coding. The platform focuses on documenting, tracking, automating, and optimizing human-centric processes, allowing businesses to take control of their operations. By facilitating the creation of API-driven workflows, Process Street simplifies the management of recurring tasks and checklists, while enhancing collaboration among team members. This approach empowers organizations to streamline their business processes and improve overall efficiency.

Fresh Bowl

Seed Round in 2020
Fresh Bowl, Inc. is a New York-based company specializing in packaged food and snacks. Founded in 2017, it operates a unique vending machine system that offers a range of fresh-prepared meals, including salads, signature smoothie bowls, and snacks, all designed for on-the-go consumption. The company prides itself on sustainability, utilizing zero-waste glass jars for its products and ensuring daily stocking with locally-sourced, chef-prepared meals that are nutritionist-approved. Fresh Bowl aims to provide convenient, healthy eating options while minimizing environmental impact.

Fresh Bowl

Seed Round in 2020
Fresh Bowl, Inc. is a New York-based company specializing in packaged food and snacks. Founded in 2017, it operates a unique vending machine system that offers a range of fresh-prepared meals, including salads, signature smoothie bowls, and snacks, all designed for on-the-go consumption. The company prides itself on sustainability, utilizing zero-waste glass jars for its products and ensuring daily stocking with locally-sourced, chef-prepared meals that are nutritionist-approved. Fresh Bowl aims to provide convenient, healthy eating options while minimizing environmental impact.

Adjacent Academies

Seed Round in 2020
Adjacent Academies specializes in providing educational programs tailored for students from non-science backgrounds, particularly focusing on liberal arts graduates. Founded in 2019 and headquartered in San Francisco, California, the company partners with universities to offer a range of courses designed to enhance technical skills and facilitate career opportunities in the evolving technological landscape. Its curriculum includes comprehensive and credit-bearing courses, as well as coding and project development training. In addition to academic instruction, Adjacent Academies supports students by providing meals, materials, and housing, ensuring a well-rounded educational experience that prepares them to thrive in the tech industry.

Accel Robotics

Series A in 2019
Accel Robotics Corporation, founded in 2015 and headquartered in La Jolla, California, specializes in artificial intelligence solutions for retail environments. The company has developed an advanced visual intelligence platform that enhances customer experiences through its OMNIO robot, which facilitates a checkout-free shopping process. Shoppers can enter a store, select items, and leave without traditional checkouts, receiving receipts via text or app notifications. This technology empowers retailers to streamline operations, extend their market reach, and increase revenue while providing customers with a convenient shopping experience. Accel Robotics also maintains offices in Tokyo, Japan, and Buenos Aires, Argentina, focusing on areas such as computer vision, product design, and software development.

305 Fitness

Venture Round in 2019
305 Fitness, Inc. owns and operates dance cardio workout fitness centers. It offers dance moves, sports drills, conditioning exercises, and high intensity interval training sessions. The company also provides sprint intervals, sculpting segments, and stretch cool down classes, as well as live DJs. 305 Fitness, Inc. was founded in 2012 and is based in New York, New York. It has additional locations in District of Columbia, New York, Massachusetts, California, and Illinois.

Biena LLC

Series B in 2019
Biena LLC is a snack food company based in Boston, Massachusetts, specializing in flavored and roasted chickpeas. Founded in 2011, it offers a variety of gluten-free, vegan, kosher, and non-genetically modified snacks that are high in protein and fiber. The product range includes several flavors, such as sea salt, honey roasted, barbeque, sour cream and onion, milk chocolate, dark chocolate, salted caramel, cinnamon crunch, and habanero. In addition to its popular Roasted Chickpea Snacks, Biena has introduced a new line of Chickpea Puffs, which has exceeded sales expectations. The company distributes its products through retail chains across the United States and online, focusing on providing healthy and tasty alternatives in the snack food market.

Pathstream

Series A in 2019
Pathstream is a web-based platform focused on teaching in-demand tech skills essential for the workforce. By partnering with leading tech companies and higher education institutions, Pathstream transforms digital skills learning through its innovative platform. This platform provides students with immediate access to pre-configured, project-based instruction, realistic workplace simulations, and on-demand coaching. By facilitating a hands-on learning experience, Pathstream enables students to acquire the necessary digital skills to thrive in today's economy.

15Five

Series B in 2019
15Five, Inc. is a company that develops a cloud-based performance management platform aimed at enhancing employee engagement and performance. Founded in 2011 and headquartered in San Francisco, with additional offices in Raleigh and New York, 15Five offers a suite of tools that includes employee appreciation software, one-on-one meeting agendas, and a comprehensive 360° performance review system. The platform facilitates weekly check-ins for performance feedback, enables users to set objectives through OKRs, and allows for the collection of insights via polls and custom reports. With nearly 2,000 businesses globally utilizing its services, 15Five’s solutions are designed to help organizations foster high-performing teams by promoting regular communication, celebrating achievements, and providing constructive feedback to guide employee development.

YFood

Series A in 2019
YFood Labs is a food-tech startup focused on creating innovative food solutions tailored for modern consumers. The company specializes in producing complete-nutrition drinks, drink powders, and bars, which serve as convenient meal alternatives. YFood's products are designed to provide balanced nutrition, incorporating essential proteins, vitamins, minerals, omega fatty acids, and fiber. By offering these health-oriented options, YFood aims to enable consumers to maintain consistent energy levels throughout the day while avoiding less nutritious junk food.

CareMonkey

Seed Round in 2019
CareMonkey automates school and district processes; eliminating paperwork and saving time and money with award-winning features: - Online parent consent forms & payments, with automated notifications and reminders - Parent managed medical data - Online staff forms & trip approval processes - Staff mobile app with offline access to medical & trip data - Group messaging via text, email & push notifications There’s no paper, better engagement, and less work for schools, teacher and parents. CareMonkey is designed, built and supported by CareMonkey Pty Ltd, a software company headquartered in Melbourne, Australia. The system is used by schools, universities, in sport, for HR, scouts, the disability sector, camps, youth groups, churchs and other community groups.

15Five

Series A in 2018
15Five, Inc. is a company that develops a cloud-based performance management platform aimed at enhancing employee engagement and performance. Founded in 2011 and headquartered in San Francisco, with additional offices in Raleigh and New York, 15Five offers a suite of tools that includes employee appreciation software, one-on-one meeting agendas, and a comprehensive 360° performance review system. The platform facilitates weekly check-ins for performance feedback, enables users to set objectives through OKRs, and allows for the collection of insights via polls and custom reports. With nearly 2,000 businesses globally utilizing its services, 15Five’s solutions are designed to help organizations foster high-performing teams by promoting regular communication, celebrating achievements, and providing constructive feedback to guide employee development.

Bellwether Coffee

Series A in 2018
Bellwether Coffee Co. designs and manufactures innovative ventless electric coffee roasters that prioritize sustainability and accessibility. Founded in 2013 and based in Berkeley, California, the company provides a unique solution for coffee businesses, ranging from large brands to small cafes, by offering a controllable roasting experience through its electric, zero-emissions roaster and intuitive software. This technology allows users to customize their coffee roasting process without the need for extensive ventilation systems, as it employs a catalytic process to eliminate harmful gases. Additionally, Bellwether Coffee connects its customers to an online marketplace for sourcing coffee beans. The company has received recognition for its efforts in the industry, including the Best New Product award from the Specialty Coffee Association in 2019.

Process Street

Seed Round in 2018
Process Street is a software-as-a-service (SaaS) platform established in 2014 and based in San Francisco, California. It enables non-technical teams to create and manage efficient workflows without the need for coding. The platform focuses on documenting, tracking, automating, and optimizing human-centric processes, allowing businesses to take control of their operations. By facilitating the creation of API-driven workflows, Process Street simplifies the management of recurring tasks and checklists, while enhancing collaboration among team members. This approach empowers organizations to streamline their business processes and improve overall efficiency.

Fortem Technologies

Series A in 2018
Fortem Technologies, Inc. is a company specializing in airspace security and safety solutions, focusing on intrusion detection and detect-and-avoid technology for drones and unmanned aerial vehicles (UAVs). Founded in 2016 and based in Provo, Utah, the company offers a range of products, including advanced radars like the DAA-R10 and DAA-R20, which provide crucial detection capabilities for aircraft integrators. Its ThreatAware AI analysis engine processes data from multiple sensors in real-time, enhancing situational awareness. Fortem also produces the F700 Patriot drone platform and the military-tested DroneHunter, designed for perimeter intrusion detection and protection. The company is privately held and backed by various investors, aiming to enable safe autonomous operations and facilitate unmanned aircraft operations beyond visual line of sight.

Petal

Series A in 2018
Petal Card, Inc. is a credit card company focused on providing financial access to individuals without traditional credit histories, such as students and immigrants. Founded in 2015 and based in New York, the company utilizes machine learning to analyze users' digital financial records, allowing for cash flow underwriting as an alternative to conventional credit scoring. This innovative approach enables Petal to offer higher credit limits and lower rates compared to competing credit cards. The company's flagship product, the Petal Visa, is designed to promote responsible spending and credit-building, accompanied by a user-friendly digital application for managing payments. Petal aims to make credit more honest, simple, and accessible, fostering a financial environment that encourages users to succeed.

Fluent City

Series A in 2017
Fluent City is a language company that offers online classes in 11 different languages. We're on a mission to help you achieve your language-learning goals by teaching you how to talk about the things you care about most. Our team uses AI and natural language processing technology to provide hyper-relevant content and personalized, engaging lesson plans that help you get fluent faster.

Opya

Seed Round in 2017
Opya, Inc. is a California-based company founded in 2016 that specializes in autism therapy services for children with autism spectrum disorder. The company offers a data-driven therapy platform that focuses on early intervention and provides both in-home and telehealth services. Opya's offerings include Applied Behavior Analysis (ABA), speech, and occupational therapy, aiming to enhance communication and collaboration between parents and clinicians. By integrating technology with treatment, Opya seeks to transform autism care and improve the effectiveness of the services provided, ultimately supporting families and helping children reach their full potential.

Petal

Seed Round in 2017
Petal Card, Inc. is a credit card company focused on providing financial access to individuals without traditional credit histories, such as students and immigrants. Founded in 2015 and based in New York, the company utilizes machine learning to analyze users' digital financial records, allowing for cash flow underwriting as an alternative to conventional credit scoring. This innovative approach enables Petal to offer higher credit limits and lower rates compared to competing credit cards. The company's flagship product, the Petal Visa, is designed to promote responsible spending and credit-building, accompanied by a user-friendly digital application for managing payments. Petal aims to make credit more honest, simple, and accessible, fostering a financial environment that encourages users to succeed.

Biena LLC

Series A in 2017
Biena LLC is a snack food company based in Boston, Massachusetts, specializing in flavored and roasted chickpeas. Founded in 2011, it offers a variety of gluten-free, vegan, kosher, and non-genetically modified snacks that are high in protein and fiber. The product range includes several flavors, such as sea salt, honey roasted, barbeque, sour cream and onion, milk chocolate, dark chocolate, salted caramel, cinnamon crunch, and habanero. In addition to its popular Roasted Chickpea Snacks, Biena has introduced a new line of Chickpea Puffs, which has exceeded sales expectations. The company distributes its products through retail chains across the United States and online, focusing on providing healthy and tasty alternatives in the snack food market.

eMindful

Series B in 2016
eMindful, Inc. specializes in online and mobile interactive courses focused on mindfulness and well-being. The company offers evidence-based programs that address various health-related issues, including stress, obesity, chronic pain, and smoking cessation. Through its eMindful Life platform, members can engage with one another and practice mindfulness skills daily. eMindful serves a diverse clientele, including individuals, corporations, universities, and government institutions. By partnering with Fortune 500 companies and leading health plans, eMindful aims to improve health outcomes, reduce healthcare costs, and enhance workforce engagement. Founded in 2003 and based in Orlando, Florida, eMindful has evolved from its original name, McCabe Consulting Associates Inc., in 2008, and operates technical support facilities across the United States.

Fluent City

Seed Round in 2016
Fluent City is a language company that offers online classes in 11 different languages. We're on a mission to help you achieve your language-learning goals by teaching you how to talk about the things you care about most. Our team uses AI and natural language processing technology to provide hyper-relevant content and personalized, engaging lesson plans that help you get fluent faster.

Vocate

Seed Round in 2016
Vocate Inc. operates a technology-driven platform that connects students with internships and entry-level job opportunities. Founded in 2015 and headquartered in Hanover, New Hampshire, with an additional office in San Francisco, California, Vocate enhances the traditional student career center experience by offering a matching marketplace tailored for students and employers. The platform facilitates meaningful connections by curating internship and job matches, while also providing guidance and tools to assist users throughout the job search process. Vocate aims to simplify the transition from education to employment for students and help companies identify qualified candidates.

Tynker

Series A in 2016
Tynker is an online creative coding platform that aims to equip children aged 5 to 18 with foundational skills in computer science and programming. The platform offers self-paced courses for individual learners as well as a comprehensive curriculum tailored for educational institutions. Through its intuitive visual programming language, Tynker allows users to create a variety of projects, including web and mobile applications, animations, music, e-books, and games, while also enabling programming for robotics and drones. The organization's mission is to foster critical thinking and problem-solving abilities in children, preparing them for future career opportunities in a technology-driven world.

Rayvio

Series B in 2016
RayVio Corp. is an advanced health and hygiene company that delivers clean water and environments. RayVio helps protect billions from germs and creates new markets and revenue streams by enabling a new class of products. Its powerful and efficient UV LED technology can be integrated into a variety of applications, powering versatile on-demand solutions that give consumers control over health without chemicals or costly consumables. To learn more, please visit www.rayvio.com.

PokitDok

Series B in 2015
PokitDok, Inc. is a cloud-based platform that facilitates healthcare transactions through its application programming interface (API). Founded in 2011 and headquartered in San Mateo, California, with an additional office in Charleston, South Carolina, PokitDok offers services such as eligibility checks, claims submissions, appointment scheduling, payment processing, and medical procedural code reconciliation. The platform is designed for health systems, technology providers, and developers, enabling them to improve workflows, reduce costs, and leverage big data to identify business patterns. Additionally, PokitDok provides an e-commerce storefront that allows healthcare practitioners to market their services and enables consumers to pay for treatments upfront through their website or mobile app.

915 Labs

Venture Round in 2015
915 Labs, LLC specializes in food processing and packaging technology that enhances the quality and nutritional value of shelf-stable foods. The company's flagship innovation, Microwave Assisted Thermal Sterilization (MATS), allows food manufacturers to create recipes, conduct market trials, validate food safety, and evaluate packaging materials. MATS technology maintains the color, taste, and texture of food while reducing the need for sodium and additives, enabling the production of high-quality, nutritious, and clean-label packaged foods. 915 Labs offers various systems for both sterilization and pasteurization, including the MATS-B 100 for pilot-scale processing and the MATS-30 for commercial-scale production. Custom-designed systems with larger capacities are also available. Additionally, the company provides wraparound services to support clients in product development and thermal process validation. Founded in 2014 and based in Centennial, Colorado, 915 Labs operates as a subsidiary of Tata Sons Private Limited.

Worklife

Seed Round in 2015
WorkLife is a web app that helps teams have more productive meetings. It is a collaboration platform that automates best practices for managing meetings, projects and people and helps team to improve their performance by using it. It helps to create agendas, stay on track during the meeting, and ensure next steps will be done afterwards. WorkLife is founded in 2014 and is headquartered in San Francisco, California.

Aeglea BioTherapeutics

Series B in 2015
Aeglea BioTherapeutics is a clinical-stage biotechnology company focused on developing human enzyme therapeutics for rare genetic and cancer diseases. Its lead product candidate, pegzilarginase, is a recombinant human Arginase 1 enzyme currently undergoing Phase III trials to assess its safety and efficacy in treating Arginase 1 deficiency. The company's preclinical pipeline includes several innovative candidates: ACN00177 for homocystinuria, AEB5100 which degrades plasma cystine and cysteine, AEB2109 targeting the degradation of methionine, and AEB3103. Aeglea BioTherapeutics aims to exploit the amino acid dependencies of tumors by creating novel, human-derived enzymes that selectively target these vulnerabilities, differentiating the metabolic needs of tumor cells from those of normal tissues. Founded in 2013 and headquartered in Austin, Texas, the company was formerly known as Aeglea BioTherapeutics Holdings, LLC before changing its name in 2015.

Rayvio

Series B in 2015
RayVio Corp. is an advanced health and hygiene company that delivers clean water and environments. RayVio helps protect billions from germs and creates new markets and revenue streams by enabling a new class of products. Its powerful and efficient UV LED technology can be integrated into a variety of applications, powering versatile on-demand solutions that give consumers control over health without chemicals or costly consumables. To learn more, please visit www.rayvio.com.

915 Labs

Convertible Note in 2014
915 Labs, LLC specializes in food processing and packaging technology that enhances the quality and nutritional value of shelf-stable foods. The company's flagship innovation, Microwave Assisted Thermal Sterilization (MATS), allows food manufacturers to create recipes, conduct market trials, validate food safety, and evaluate packaging materials. MATS technology maintains the color, taste, and texture of food while reducing the need for sodium and additives, enabling the production of high-quality, nutritious, and clean-label packaged foods. 915 Labs offers various systems for both sterilization and pasteurization, including the MATS-B 100 for pilot-scale processing and the MATS-30 for commercial-scale production. Custom-designed systems with larger capacities are also available. Additionally, the company provides wraparound services to support clients in product development and thermal process validation. Founded in 2014 and based in Centennial, Colorado, 915 Labs operates as a subsidiary of Tata Sons Private Limited.

5Barz International

Post in 2014
5Barz International designs, manufactures, and sells cellular network infrastructure devices under the 5BARz brand, targeting office, home, and mobile markets. The company's flagship product, the 5BARz Network Extender, is a plug-and-play device that enhances weak cellular signals, ensuring high-quality reception for voice, data, and video on mobile devices. Additionally, 5Barz offers the 5BARz ROVR, a smart Wi-Fi device, and the 5BARz Road Warrior products. Founded in 2008 and headquartered in Reno, Nevada, 5Barz International aims to address the growing demand for reliable cellular connectivity, providing solutions that benefit both consumers and cellular network operators. The company was previously known as Bio-Stuff Inc. and rebranded to its current name in December 2010.

PHL

Venture Round in 2014
ALOHA is an employee-owned company established in 2013 by three Hawaiian business partners, dedicated to producing and retailing plant-based protein products. Based in New York, the company offers a diverse range of items, including protein bars, drinks, and powders, all made from USDA Organic, non-GMO ingredients. ALOHA emphasizes health and taste, ensuring that its products are high in protein, low in sugar, and free from soy, dairy, and artificial sweeteners. Committed to sustainability, ALOHA focuses on responsibly sourcing materials and using eco-friendly packaging. Its products are available in various grocery and natural food outlets, such as Kroger and Wegmans, as well as through online platforms including Amazon and its own direct-to-consumer website. The company aims to promote health-conscious choices while positively impacting consumers, communities, and the environment.

PokitDok

Debt Financing in 2014
PokitDok, Inc. is a cloud-based platform that facilitates healthcare transactions through its application programming interface (API). Founded in 2011 and headquartered in San Mateo, California, with an additional office in Charleston, South Carolina, PokitDok offers services such as eligibility checks, claims submissions, appointment scheduling, payment processing, and medical procedural code reconciliation. The platform is designed for health systems, technology providers, and developers, enabling them to improve workflows, reduce costs, and leverage big data to identify business patterns. Additionally, PokitDok provides an e-commerce storefront that allows healthcare practitioners to market their services and enables consumers to pay for treatments upfront through their website or mobile app.

PodPonics

Series A in 2014
Podponics produces local food in urban centers, using an approach that does not require arable land. PodPonics is the future of farming. The Atlanta-based company answers the growing consumer demand for local food by producing it in urban centers, using an approach that does not require arable land. PodPonics utilizes a proprietary system that integrates advanced hydroponics, proprietary lighting, irrigation, and nutrient technology with process control. Their growing system reduces cost, improves product quality, and creates local jobs while answering the strong and growing demand for locally produced, natural foods.

Spindrift

Venture Round in 2014
Spindrift Beverage Co., Inc. is a producer and supplier of non-alcoholic beverages, offering a variety of products including sodas in flavors such as grapefruit, blackberry, orange, mango, cucumber, strawberry, lemonade, cranberry, and raspberry, as well as flavored sparkling water and seltzers. Founded in 2010 and headquartered in Newton, Massachusetts, the company distributes its products through various channels, including retail stores and online platforms across the United States.

Glide

Series A in 2013
Glide Talk, Ltd. provides video texting applications for iPhone and Android mobile users worldwide. It offers Glide, a video messenger application that allows its users to send and receive short video messages that are seen live or later; and browser toolbars for the Google Chrome, Microsoft Internet Explorer, Mozilla Firefox, and Apple Safari browsers. The company was founded in 2012 and is based in Jerusalem, Israel.
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