Venture Capital Fund of New England

The Venture Capital Fund of New England is a private equity firm based in Wellesley, Massachusetts, that specializes in early-stage and emerging growth investments. Established in 1981, the firm primarily focuses on technology-based enterprises, particularly in the industrial, information technology, and direct marketing sectors. While its main investment activities are concentrated in the New England region, the firm occasionally considers opportunities outside the Northeastern United States. The Venture Capital Fund typically invests between $500,000 and $1.5 million in a portfolio company, with final investments often exceeding $3 million. The firm also seeks to collaborate with other investors in its funding endeavors.

Chad Novotny

Managing Director

Carl H. Novotny

Managing Director

Gordon R. Penman

Managing Director

E. Jack Stewart

Managing Director

42 past transactions

Bindable

Private Equity Round in 2018
Bindable delivers solutions for modern insurance distribution. We offer a full stack of technology-enabled services to insurance companies, intermediaries, financial institutions, affinity groups and other trusted brands. We enable strategic partners to better engage their customers through insurance distribution, product diversification and market expansion. Whether you're a brand looking to offer insurance products to your customers or an insurance company trying to streamline your partner distribution, Bindable is here to make things better.

iSpace China

Series A in 2018
iSpace China develops commercial launch vehicles to commercial aerospace customers worldwide. The company was founded in 2016 and is based in Beijing, China.

Post.Bid.Ship

Series A in 2018
Post.Bid.Ship, Inc. operates as an online freight matching platform that connects shippers, carriers, and brokers across North America. By utilizing an online load bidding system, the platform allows shippers to post their freight needs while ensuring that carriers meet necessary safety and insurance standards. Shippers can manage their bids confidentially and select the best carrier based on received offers. Conversely, carriers can set up accounts to receive freight alerts, review available loads, and place bids, facilitating an efficient matching process. The service aims to modernize freight logistics by replacing outdated workflows with a real-time, automated bidding process that enhances cost-effectiveness and asset utilization. Founded in 2010 and originally named TruckItNow, Post.Bid.Ship was rebranded in 2011 and is headquartered in Scottsdale, Arizona.

Gravyty

Venture Round in 2018
Gravyty Technologies, Inc. develops and provides fundraising software. The company offers First Draft, an email drafting tool for frontline fundraisers; Gravyty Guide, a weekly digest email that helps fundraisers to manage their portfolio; and Gravyty Stewardship, a stewardship automation tool that enables frontline fundraisers build relationships by communicating a donor's giving history. The company has strategic partnerships with Salesforce, Ellucian, Boston Foundation, and Staupell Analytics Group. Gravyty Technologies, Inc. was founded in 2016 and is headquartered in Wayland, Massachusetts.

Impel

Venture Round in 2014
SpinCar offers automotive dealers, OEMs and online marketplaces the industry’s most advanced platform for digital automotive merchandising. The company’s 360° WalkAround® and Feature Tour™ technology builds trust between buyers and sellers by bringing the physical showroom experience to car shoppers wherever and whenever they want. SpinCar’s proprietary shopper behavioral data and VINtelligent® Retargeting solution enable dealers to deliver hyper-personalized interactions across the entire car shopping journey. To date, more than 200 million virtual WalkArounds have been experienced by car shoppers across more than 15 countries.

Cartera Commerce

Venture Round in 2012
Cartera Commerce delivers the industry's most comprehensive, fully-managed, performance-based offer platform for card issuers, airline frequent flyer programs and merchants. Cartera works with two of the three largest financial institutions, all five of the largest airlines and hundreds or merchant advertisers to power personalized, omni-channel shopping and marketing programs that build consumer engagement and loyalty, maximize card spend and create new revenue streams. The Cartera offer platform delivers relevant offers via multiple digital marketing channels including website, online banking, email, mobile, and social media. The company is headquartered in Lexington, MA.

Exogenesis

Venture Round in 2010
Exogenesis Corporation engages in developing and processing implantable vascular stents, orthopedic devices, and other medical products utilizing its gas cluster ion beam technology. It offers ClusterCoat Processing System, a room temperature method for modifying the physical and chemical properties of outermost atomic layers of surface while leaving the underlying bulk of the unaffected material. The company was founded in 2005 and is based in Billerica, Massachusetts.

Exogenesis

Venture Round in 2010
Exogenesis Corporation engages in developing and processing implantable vascular stents, orthopedic devices, and other medical products utilizing its gas cluster ion beam technology. It offers ClusterCoat Processing System, a room temperature method for modifying the physical and chemical properties of outermost atomic layers of surface while leaving the underlying bulk of the unaffected material. The company was founded in 2005 and is based in Billerica, Massachusetts.

Spectra Analysis Instruments

Venture Round in 2010
Spectra Analysis, Inc. is a leading supplier of molecular spectroscopy systems and applications for chromatography. Their current products focus on real-time connection of Infrared Spectroscopy to Gas and Liquid Chromatography. Their systems make it possible to collect a full IR spectra for each component in a separation, either as a stand-alone or in parallel with Mass Spectroscopy - fast, reliable and sensitive.

VisibleGains

Venture Round in 2009
VisibleGains Inc. is a company that specializes in developing applications aimed at enhancing communication between businesses and their customers. Founded in 2004 and headquartered in Lexington, Massachusetts, the company offers two primary products. The first is Postwire, which allows users to create private web pages for individual clients, enabling the collection and sharing of videos, photos, web links, and documents in a secure environment. The second product, VideoApps, focuses on creating interactive landing page videos to engage customers more effectively. Originally known as PermissionTV, Inc., the company rebranded to VisibleGains in October 2009, reflecting its commitment to improving customer engagement through innovative digital solutions.
Spectra Analysis, Inc. is a leading supplier of molecular spectroscopy systems and applications for chromatography. Their current products focus on real-time connection of Infrared Spectroscopy to Gas and Liquid Chromatography. Their systems make it possible to collect a full IR spectra for each component in a separation, either as a stand-alone or in parallel with Mass Spectroscopy - fast, reliable and sensitive.

Aircuity

Venture Round in 2008
Aircuity manufactures integrated sensing and control solutions that cost-effectively reduce building energy and operating expenses while simultaneously improving its indoor environmental quality. Aircuity's first product, a portable air monitoring system known as OptimaTM, it was developed in collaboration with Environmental Health & Engineering, the primary research contractor for the EPA's Indoor Environments Division. It was incorporated in 2000 and is headquartered in Newton, Massachusetts.

Cartera Commerce

Series B in 2008
Cartera Commerce delivers the industry's most comprehensive, fully-managed, performance-based offer platform for card issuers, airline frequent flyer programs and merchants. Cartera works with two of the three largest financial institutions, all five of the largest airlines and hundreds or merchant advertisers to power personalized, omni-channel shopping and marketing programs that build consumer engagement and loyalty, maximize card spend and create new revenue streams. The Cartera offer platform delivers relevant offers via multiple digital marketing channels including website, online banking, email, mobile, and social media. The company is headquartered in Lexington, MA.

ClearView Audio

Venture Round in 2008
ClearView Audio is a company that specializes in designing and producing wireless invisible audio speakers for both consumer and commercial applications. Founded in 2005 and based in Wellesley, Massachusetts, the company is recognized for its innovative Edge Motion technology, which utilizes miniature motors to drive a thin membrane, creating high-fidelity stereo sound. This technology offers users an immersive audio experience akin to that of a theater. Among its products is Clio, a wireless Bluetooth speaker that exemplifies the company's commitment to quality sound and design. ClearView Audio's products are available for purchase online and through various retail outlets. The company, formerly known as Emo Labs, has assembled a team of skilled designers and engineers with deep expertise in acoustic technology, rooted in Boston's rich history of speaker manufacturing.

Aircuity

Venture Round in 2007
Aircuity manufactures integrated sensing and control solutions that cost-effectively reduce building energy and operating expenses while simultaneously improving its indoor environmental quality. Aircuity's first product, a portable air monitoring system known as OptimaTM, it was developed in collaboration with Environmental Health & Engineering, the primary research contractor for the EPA's Indoor Environments Division. It was incorporated in 2000 and is headquartered in Newton, Massachusetts.

VisibleGains

Series C in 2007
VisibleGains Inc. is a company that specializes in developing applications aimed at enhancing communication between businesses and their customers. Founded in 2004 and headquartered in Lexington, Massachusetts, the company offers two primary products. The first is Postwire, which allows users to create private web pages for individual clients, enabling the collection and sharing of videos, photos, web links, and documents in a secure environment. The second product, VideoApps, focuses on creating interactive landing page videos to engage customers more effectively. Originally known as PermissionTV, Inc., the company rebranded to VisibleGains in October 2009, reflecting its commitment to improving customer engagement through innovative digital solutions.

PermissionTV

Series C in 2007
PermissionTV provides a flexible online video platform for brand marketers and advertisers, media companies and publishers, as well as their agencies, content producers and technology providers. This platform helps organizations leverage the power of online video to achieve their marketing objectives through the creation and management of customizable experiences. PermissionTV’s online video tools help customers such as Activision, Adobe, Boston Symphony Orchestra, Harvard Business Publishing and Intercontinental Hotels capture new audiences, enhance relationships, maximize customer value and generate revenue. Competitors include [Brightcove](http://www.crunchbase.com/organization/brightcove), [Mogulus](http://www.techcrunch.com/tag/mogulus/) and [Limelight](http://www.crunchbase.com/organization/limelight).

ClearView Audio

Venture Round in 2007
ClearView Audio is a company that specializes in designing and producing wireless invisible audio speakers for both consumer and commercial applications. Founded in 2005 and based in Wellesley, Massachusetts, the company is recognized for its innovative Edge Motion technology, which utilizes miniature motors to drive a thin membrane, creating high-fidelity stereo sound. This technology offers users an immersive audio experience akin to that of a theater. Among its products is Clio, a wireless Bluetooth speaker that exemplifies the company's commitment to quality sound and design. ClearView Audio's products are available for purchase online and through various retail outlets. The company, formerly known as Emo Labs, has assembled a team of skilled designers and engineers with deep expertise in acoustic technology, rooted in Boston's rich history of speaker manufacturing.

Saylent Technologies

Series A in 2007
Saylent Technologies is a payment intelligence solution that assists firms in attracting and retaining customers. The company empowers financial institutions with data-driven insights and business tools to create products and programs according to the market desires. It also offers its users with solutions for data analytics, banking, and marketing. Saylent Technologies is a U.S.-based company that was founded in 2006 by Tyson Nargassans.
Spectra Analysis, Inc. is a leading supplier of molecular spectroscopy systems and applications for chromatography. Their current products focus on real-time connection of Infrared Spectroscopy to Gas and Liquid Chromatography. Their systems make it possible to collect a full IR spectra for each component in a separation, either as a stand-alone or in parallel with Mass Spectroscopy - fast, reliable and sensitive.

Aircuity

Venture Round in 2007
Aircuity manufactures integrated sensing and control solutions that cost-effectively reduce building energy and operating expenses while simultaneously improving its indoor environmental quality. Aircuity's first product, a portable air monitoring system known as OptimaTM, it was developed in collaboration with Environmental Health & Engineering, the primary research contractor for the EPA's Indoor Environments Division. It was incorporated in 2000 and is headquartered in Newton, Massachusetts.

Cartera Commerce

Series B in 2006
Cartera Commerce delivers the industry's most comprehensive, fully-managed, performance-based offer platform for card issuers, airline frequent flyer programs and merchants. Cartera works with two of the three largest financial institutions, all five of the largest airlines and hundreds or merchant advertisers to power personalized, omni-channel shopping and marketing programs that build consumer engagement and loyalty, maximize card spend and create new revenue streams. The Cartera offer platform delivers relevant offers via multiple digital marketing channels including website, online banking, email, mobile, and social media. The company is headquartered in Lexington, MA.

Cartera Commerce

Series A in 2006
Cartera Commerce delivers the industry's most comprehensive, fully-managed, performance-based offer platform for card issuers, airline frequent flyer programs and merchants. Cartera works with two of the three largest financial institutions, all five of the largest airlines and hundreds or merchant advertisers to power personalized, omni-channel shopping and marketing programs that build consumer engagement and loyalty, maximize card spend and create new revenue streams. The Cartera offer platform delivers relevant offers via multiple digital marketing channels including website, online banking, email, mobile, and social media. The company is headquartered in Lexington, MA.
Spectra Analysis, Inc. is a leading supplier of molecular spectroscopy systems and applications for chromatography. Their current products focus on real-time connection of Infrared Spectroscopy to Gas and Liquid Chromatography. Their systems make it possible to collect a full IR spectra for each component in a separation, either as a stand-alone or in parallel with Mass Spectroscopy - fast, reliable and sensitive.

PreferredTime

Venture Round in 2006
PreferredTime is dedicated to reducing waste in the healthcare system by making interactions between the medical provider and pharmaceutical communities more efficient. PreferredTime's rep scheduling service allows pharmaceutical representatives and medical offices to arrange visits at times and in ways that both parties prefer. PreferredTime is privately held, neutral, and independent. It is not affiliated with any pharmaceutical or healthcare organizations. PreferredTime never compensates physicians for attending any sales activities, and its services are in full compliance with all guidelines of the American Medical Association, the Pharmaceutical Research and Manufacturers of America and the HHS Office of the Inspector General.

VisibleGains

Series B in 2005
VisibleGains Inc. is a company that specializes in developing applications aimed at enhancing communication between businesses and their customers. Founded in 2004 and headquartered in Lexington, Massachusetts, the company offers two primary products. The first is Postwire, which allows users to create private web pages for individual clients, enabling the collection and sharing of videos, photos, web links, and documents in a secure environment. The second product, VideoApps, focuses on creating interactive landing page videos to engage customers more effectively. Originally known as PermissionTV, Inc., the company rebranded to VisibleGains in October 2009, reflecting its commitment to improving customer engagement through innovative digital solutions.

ClearView Audio

Series A in 2005
ClearView Audio is a company that specializes in designing and producing wireless invisible audio speakers for both consumer and commercial applications. Founded in 2005 and based in Wellesley, Massachusetts, the company is recognized for its innovative Edge Motion technology, which utilizes miniature motors to drive a thin membrane, creating high-fidelity stereo sound. This technology offers users an immersive audio experience akin to that of a theater. Among its products is Clio, a wireless Bluetooth speaker that exemplifies the company's commitment to quality sound and design. ClearView Audio's products are available for purchase online and through various retail outlets. The company, formerly known as Emo Labs, has assembled a team of skilled designers and engineers with deep expertise in acoustic technology, rooted in Boston's rich history of speaker manufacturing.

PermissionTV

Series B in 2005
PermissionTV provides a flexible online video platform for brand marketers and advertisers, media companies and publishers, as well as their agencies, content producers and technology providers. This platform helps organizations leverage the power of online video to achieve their marketing objectives through the creation and management of customizable experiences. PermissionTV’s online video tools help customers such as Activision, Adobe, Boston Symphony Orchestra, Harvard Business Publishing and Intercontinental Hotels capture new audiences, enhance relationships, maximize customer value and generate revenue. Competitors include [Brightcove](http://www.crunchbase.com/organization/brightcove), [Mogulus](http://www.techcrunch.com/tag/mogulus/) and [Limelight](http://www.crunchbase.com/organization/limelight).

Aircuity

Series C in 2005
Aircuity manufactures integrated sensing and control solutions that cost-effectively reduce building energy and operating expenses while simultaneously improving its indoor environmental quality. Aircuity's first product, a portable air monitoring system known as OptimaTM, it was developed in collaboration with Environmental Health & Engineering, the primary research contractor for the EPA's Indoor Environments Division. It was incorporated in 2000 and is headquartered in Newton, Massachusetts.

Tibersoft

Venture Round in 2005
Tibersoft Corporation, founded in 1996 and based in Westborough, Massachusetts, specializes in Software-as-a-Service solutions for trade promotion management within the foodservice industry. The company provides a range of services including claims acquisition, business intelligence, and tools for monitoring supply chain activities. Tibersoft's offerings enable foodservice operators, manufacturers, and distributors to collect, manage, and analyze real-time data related to product purchases, sales, and contracts. Key products include systems for food cost management, the Trading Partner View program for sales visibility, and TiberTrack for data management. Formerly known as Food-Online.Com, Inc., Tibersoft has positioned itself as a critical resource for information managers and consultants in the foodservice sector.

PermissionTV

Series A in 2004
PermissionTV provides a flexible online video platform for brand marketers and advertisers, media companies and publishers, as well as their agencies, content producers and technology providers. This platform helps organizations leverage the power of online video to achieve their marketing objectives through the creation and management of customizable experiences. PermissionTV’s online video tools help customers such as Activision, Adobe, Boston Symphony Orchestra, Harvard Business Publishing and Intercontinental Hotels capture new audiences, enhance relationships, maximize customer value and generate revenue. Competitors include [Brightcove](http://www.crunchbase.com/organization/brightcove), [Mogulus](http://www.techcrunch.com/tag/mogulus/) and [Limelight](http://www.crunchbase.com/organization/limelight).

Aircuity

Series C in 2004
Aircuity manufactures integrated sensing and control solutions that cost-effectively reduce building energy and operating expenses while simultaneously improving its indoor environmental quality. Aircuity's first product, a portable air monitoring system known as OptimaTM, it was developed in collaboration with Environmental Health & Engineering, the primary research contractor for the EPA's Indoor Environments Division. It was incorporated in 2000 and is headquartered in Newton, Massachusetts.

SoundBite Communications

Series C in 2004
SoundBite Communications provides on-demand, integrated multi-channel communications solutions that enable clients to achieve superior business results. Building on its foundation as a leading provider of automated voice messaging services, SoundBite offers integrated voice, text and email messaging solutions that help clients deliver the right message, to the right customer, using the right channel, at the right time. Organizations in industries such as collections, financial services, retail, telecom and media, and utilities rely on the SoundBite Intelligent Communications Platform to send over a billion messages annually for collections, customer care, and sales and marketing applications.

TrueCommerce

Series A in 2003
TrueCommerce, Inc. specializes in electronic data interchange (EDI) solutions tailored for small to mid-tier companies. Founded in 1995 and based in Cranberry Township, Pennsylvania, the company provides an end-to-end solution that includes data mapping software, network services, and ongoing support. TrueCommerce facilitates the integration of EDI with various accounting and business systems, enabling customers to efficiently exchange essential transactions across multiple industries, such as banking, retail, healthcare, and government. The company's offerings also encompass inventory management, fulfillment, and the integration of digital storefronts and marketplaces. By streamlining connectivity between suppliers, retail hubs, and end consumers, TrueCommerce helps businesses enhance their operational efficiency and adaptability in today's dynamic global market.

IntelliVid

Series A in 2003
IntelliVid offers a range of intelligent software that boosts the effectiveness of video surveillance systems. The company is based in Cambridge, Massachusetts.

Aircuity

Series B in 2003
Aircuity manufactures integrated sensing and control solutions that cost-effectively reduce building energy and operating expenses while simultaneously improving its indoor environmental quality. Aircuity's first product, a portable air monitoring system known as OptimaTM, it was developed in collaboration with Environmental Health & Engineering, the primary research contractor for the EPA's Indoor Environments Division. It was incorporated in 2000 and is headquartered in Newton, Massachusetts.

SoundBite Communications

Series C in 2003
SoundBite Communications provides on-demand, integrated multi-channel communications solutions that enable clients to achieve superior business results. Building on its foundation as a leading provider of automated voice messaging services, SoundBite offers integrated voice, text and email messaging solutions that help clients deliver the right message, to the right customer, using the right channel, at the right time. Organizations in industries such as collections, financial services, retail, telecom and media, and utilities rely on the SoundBite Intelligent Communications Platform to send over a billion messages annually for collections, customer care, and sales and marketing applications.

Texterity

Series A in 2002
Texterity's technologies converts print publications into digital formats accessible for web, syndication, and other purposes. Texterity also provides a Lead Management System (LMS) for revenue generation. Coverleaf, the place to find and read magazines, is also provided by Texterity. Texterity's patented technologies utilize International standard-based technologies to enable readers to access digital magazine editions through major web browsers without the use of Flash (Adobe Flash) or other plug-ins. This approach also allows publishers to integrate magazine content with web-based social media networks and multimedia applications. Only the Texterity platform enables the integration of protected (subscription) digital magazine content with search engines. Texterity's customers include Condé Nast Publications, Hearst Corporation, Meredith Corporation, Penton Media, Time Inc., Watt Publishing, and Ziff Davis Enterprise, among others. Each year, Texterity conducts a BPA Worldwide-certified survey that provides an industry profile of digital magazine reader preferences and demographic data. In August 2007, Texterity was awarded U.S. Patent 7,257,771 for its unique "system and method for converting a page description file to a composite representation thereof for fast Web viewing." In July 2007, Texterity launched a beta version of the first digital magazine interface and portal specifically designed for the Apple iPhone. This was updated in November 2008 to support the Apple iPod touch.

NextMark

Seed Round in 2001
NextMark streamlines the process of buying and selling premium guaranteed advertising inventory and other media. Founded in 1999, NextMark provides match-making and collaborative workflow systems for media planning, ad sales, and ad operations. More than 1,500 leading agencies, publishers, brokers, consultants, and rep firms use NextMark’s patented technology to buy and sell more than 125,000 media programs in 15 online and offline channels. NextMark is headquartered in Hanover, New Hampshire and on the web at http://www.NextMark.com.

College Publisher, Inc.

Series B in 2001
College Publisher, Inc. is an e-publishing group that provides publishing and marketing services in the collegiate publishing market. The company provides publishing tools such as the College Publisher, which is an online publishing technology and content management solution that has been specifically designed for student publications. It has an interactive marketing network with more than 160 school partners.

Endius

Series B in 1997
Endius was founded in 1997 to provide less traumatic and more effective surgery for the of patients treated for back pain. The company develops invasive and endoscopic spine surgery products and implants and is committed to developing total spine surgery solutions. The company's products include the Atavi system, the TiTLE, and the MDS microdebrider system. Endius is acquired by Zimmer Biomet Holdings.

Endius

Series A in 1997
Endius was founded in 1997 to provide less traumatic and more effective surgery for the of patients treated for back pain. The company develops invasive and endoscopic spine surgery products and implants and is committed to developing total spine surgery solutions. The company's products include the Atavi system, the TiTLE, and the MDS microdebrider system. Endius is acquired by Zimmer Biomet Holdings.