Ironwood Capital

Ironwood Capital is a private equity and venture capital firm based in Avon, Connecticut, specializing in providing non-control growth capital to middle-market businesses across North America. The firm targets investments in the form of subordinated debt and preferred stock, typically ranging from $2 million to $25 million, focusing on companies with annual revenues between $20 million and $200 million and EBITDA of $3 million to $15 million. It invests across a variety of sectors including healthcare, consumer products, information technology, and manufacturing, with a preference for businesses located east of the Mississippi River. Ironwood Capital emphasizes supporting companies in growth financings, recapitalizations, and generational transitions while maintaining a non-controlling stake. The firm also has a particular interest in businesses in low- to moderate-income areas and those that are women or minority-owned. Founded in 1985, Ironwood Capital aims to exit its investments within three to five years and operates additional offices in Boston, Massachusetts, and Birmingham, Alabama.

James R. Barra

Partner

Jim Barra

Partner

Michael Benson

Director

Jaqueline Jutras

Associate

Tyler Klenk

Associate

Zachary Leach

Senior Associate

Alexander Levental

Managing Director

Zachary Luce

CFO and Partner

Zach Luce

Partner, CFO

Mauna McCarthy

Associate

Patrick Patrell

Associate

Marc Reich

Partner and Chairman

Dickson Suit

Partner

Susan Sweeney

Senior Managing Director

Paul Witinski

Managing Director

Past deals in Connecticut

Torigen Pharmaceuticals

Venture Round in 2022
Torigen Pharmaceuticals is dedicated to advancing immuno-oncology solutions for companion animals facing cancer. The company develops innovative immunotherapy treatments, notably an experimental autologous cancer vaccine that activates the immune system to target specific tumor-associated antigens. This approach allows for the detection and treatment of cancer without relying on invasive surgeries or chemotherapy, thereby improving the quality of care for animals. By leveraging years of scientific research, Torigen Pharmaceuticals aims to provide effective and less painful options for veterinary oncology, positioning itself at the forefront of cancer treatment for pets.

P2 Science

Series C in 2020
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, specializing in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and an experienced chemical industry executive, the company focuses on creating high-value ingredients for flavors, fragrances, cosmetics, and other applications. P2 Science aims to provide sustainable alternatives to traditional petrochemical products, catering to diverse markets, including personal care, household cleaning, agriculture, and environmental remediation. Their innovative technology enables the conversion of renewable resources into cost-effective chemical solutions, addressing the increasing demand for greener options among major users in the specialty chemicals sector. The company also maintains a laboratory in New Haven, Connecticut, to support ongoing research and partnerships throughout the supply chain.

IsoPlexis

Series C in 2020
IsoPlexis Corp is a life sciences company based in Branford, Connecticut, that specializes in developing a diagnostic platform designed to measure cellular immune responses in patients. Founded in 2013, the company's technology focuses on single-cell detection, allowing for the identification of diverse immune responses at the individual cell level. This platform plays a crucial role in assessing the safety and efficacy of therapeutics, as well as monitoring disease progression. By providing detailed insights into immune responses, IsoPlexis aims to enhance therapeutic development and inform clinical decision-making for healthcare professionals.

PayVeris

Series D in 2019
Payveris, LLC operates a cloud-based digital payment and money transfer platform designed for financial institutions and their partners. The platform facilitates consumer and business bill payments, person-to-person (P2P) transactions, and account-to-account transfers between various financial institutions. It offers services such as an integrated fraud prevention solution called PayWatch, which monitors transactions for potential fraud, and PayItNow, which connects financial institutions, merchants, and consumers within the payments ecosystem. Founded in 2011 and based in Cromwell, Connecticut, Payveris aims to enhance digital money movement capabilities while reducing operational costs and improving user experience. The company has established strategic partnerships with Kony, Inc. and Corelation to expand its offerings and reach.

IsoPlexis

Series C in 2019
IsoPlexis Corp is a life sciences company based in Branford, Connecticut, that specializes in developing a diagnostic platform designed to measure cellular immune responses in patients. Founded in 2013, the company's technology focuses on single-cell detection, allowing for the identification of diverse immune responses at the individual cell level. This platform plays a crucial role in assessing the safety and efficacy of therapeutics, as well as monitoring disease progression. By providing detailed insights into immune responses, IsoPlexis aims to enhance therapeutic development and inform clinical decision-making for healthcare professionals.

Capewell Aerial Systems

Private Equity Round in 2018
Capewell Aerial Systems LLC is a manufacturer of engineered products focused on aerial delivery, life support, and tactical gear for military, law enforcement, and humanitarian organizations globally. Founded in 1881 and based in South Windsor, Connecticut, with an additional office in Virginia, the company specializes in designing and producing a range of products including parachute hardware, survival vests, flotation devices, and tactical vests. Capewell also offers emergency descent devices for aircraft crew safety, canine tactical gear for military and law enforcement dogs, and precision timing devices for various applications. The company is known for its ability to conceive, engineer, prototype, manufacture, and field test products that perform reliably in critical situations, catering to the needs of agencies such as the U.S. Coast Guard, National Guard, and airborne law enforcement. Capewell Aerial Systems operates as a subsidiary of Capewell Components Company, LLC.

IsoPlexis

Series B in 2017
IsoPlexis Corp is a life sciences company based in Branford, Connecticut, that specializes in developing a diagnostic platform designed to measure cellular immune responses in patients. Founded in 2013, the company's technology focuses on single-cell detection, allowing for the identification of diverse immune responses at the individual cell level. This platform plays a crucial role in assessing the safety and efficacy of therapeutics, as well as monitoring disease progression. By providing detailed insights into immune responses, IsoPlexis aims to enhance therapeutic development and inform clinical decision-making for healthcare professionals.

P2 Science

Series B in 2017
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, specializing in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and an experienced chemical industry executive, the company focuses on creating high-value ingredients for flavors, fragrances, cosmetics, and other applications. P2 Science aims to provide sustainable alternatives to traditional petrochemical products, catering to diverse markets, including personal care, household cleaning, agriculture, and environmental remediation. Their innovative technology enables the conversion of renewable resources into cost-effective chemical solutions, addressing the increasing demand for greener options among major users in the specialty chemicals sector. The company also maintains a laboratory in New Haven, Connecticut, to support ongoing research and partnerships throughout the supply chain.

Precipio

Series B in 2013
Precipio is a cancer diagnostics reference laboratory, delivering the latest in advanced diagnostics and personalized medicine. Our goal is to assist oncologists in providing the best care for their patients. At the intersection of academia, cancer research, and diagnostics, we connect physicians with world-renown pathologists at the Yale School of Medicine. At Precipio, our customers and their patients benefit from the most accurate, expert diagnosis.

PayVeris

Venture Round in 2013
Payveris, LLC operates a cloud-based digital payment and money transfer platform designed for financial institutions and their partners. The platform facilitates consumer and business bill payments, person-to-person (P2P) transactions, and account-to-account transfers between various financial institutions. It offers services such as an integrated fraud prevention solution called PayWatch, which monitors transactions for potential fraud, and PayItNow, which connects financial institutions, merchants, and consumers within the payments ecosystem. Founded in 2011 and based in Cromwell, Connecticut, Payveris aims to enhance digital money movement capabilities while reducing operational costs and improving user experience. The company has established strategic partnerships with Kony, Inc. and Corelation to expand its offerings and reach.

LiveClips

Venture Round in 2012
LiveClips is an innovator and leader in the development and delivery of video content from live sporting events to any Internet-enabled device. LiveClips is a game-changer. Its advanced technology automates the previously time- and labor-intensive processes of creating game clips and highlights, enabling broadcasters and rights holders to dramatically increase the efficiency of their sports coverage. LiveClips is also pioneering a new era of mobile engagement by creating instant in-game clips that users can filter by team, player and kind of play.

The Green Life Guides

Private Equity Round in 2011
The Green Life Guides, LLC operates an online site for wedding ideas, products, and services. Its products and services include business cards, live events, food and flowers, and service directory for vendors; products and gifts for weddings, bar mitzvahs, and holidays; living room furniture; table linens and flatware; appliances and electronics, baking, cleaning supplies, cookware, and cutting boards; baskets, rugs, candles and candle holders, centerpieces, curtains, and hardware; organization and storage products; blankets, quilts, duvets, sheets, mattresses, pillows, and accents; towels, bathroom accessories, rugs and mats, shower curtains, and personal care and beauty products; garden accessories, composters, and plants and seeds; and dog and cat supplies. The company was founded in 2007 and is based in New Haven, Connecticut.

NovaTract Surgical

Seed Round in 2011
NovaTract Surgical, Inc. is a medical device company focused on enhancing minimally invasive surgical practices. Founded in 2010 and based in Connecticut, the company develops innovative solutions such as NovaGrasp, a single-use laparoscopic grasper for tissue and organ retraction, and NovaTract, a dynamic retractor for various minimally invasive surgeries, including colorectal, urologic, gynecologic, and robotic-assisted procedures. NovaTract Surgical aims to address the growing fields of single-incision laparoscopic surgery and natural orifice transluminal endoscopic surgery, providing advanced tools to improve surgical outcomes for healthcare institutions and surgeons.

Floop

Seed Round in 2011
Floop, Inc. operates as a mobile application that offers real time graphical interface. The company was incorporated in 2010 and is based in Woodbridge, Connecticut.

FitLinxx

Venture Round in 2006
FitLinxx, Inc. specializes in wireless activity and health devices, software, and integrated data services aimed at promoting active and healthy lifestyles. The company offers a range of products, including the FitLinxx AmpStrip, a waterproof heart rate and activity tracker, and The Pebble+, an all-day activity monitor. Additionally, it provides a suite of services such as the Active Gateway API, wireless devices for weight and blood pressure monitoring, and FitLinxx SyncPoints for automatic data transmission. FitLinxx also features a fitness tracking website and mobile-friendly applications that facilitate workout tracking and communication between users and facility staff. Their products are utilized by healthcare professionals, insurers, employers, and individuals globally to enhance wellness programs, improve workforce health, and guide patients toward better health outcomes. Founded in 1993 and headquartered in Shelton, Connecticut, FitLinxx was previously known as Integrated Fitness Corporation until it rebranded in 1999.
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