eLab Ventures

eLab Ventures is a venture capital firm specializing in seed, startup, growth capital, and early stage investments. The firm also provides Series A and Series B funding and support startups from the seed round to final liquidity. It seeks to invest in transportation, mobility and technology sector with a focus on information technology, life science, and health care companies from the University of Michigan ecosystem. It seeks to invest in companies with a significant operating presence within Michigan. The firm typically invests between $0.025 million and $0.1 million in return for an equity stake. It also provides incubator services. eLab Ventures was founded in 2012 and is based in the Ann Arbor, Michigan with an additional office in San Mateo, California.

Paul Brown

MD

Scott Chou

Advisor

Doug Neal

MD

R(

Robert (Bob) Stefanski

MD

29 past transactions

Cobalt Labs, Inc.

Series B in 2020
Cobalt provides a Pentest as a Service (PtaaS) platform that is modernizing the traditional, static penetration testing model. Fueled by our global talent pool of certified freelancers, Cobalt’s crowdsourced SaaS pen test platform delivers actionable results that empower agile teams to pinpoint, track, and remediate software vulnerabilities. Hundreds of organizations now benefit from pen test findings, faster remediation times, and higher ROI for their pen test budget.

Verge Aero

Seed Round in 2022
Verge Aero (Verge) is a Philadelphia-based team of electrical, computer, software, systems, and aerospace engineers, whose mission is focused on building and deploying unmanned aerial systems (UASs), or drones, for use in the entertainment industry. Verge has designed, developed, and implemented a drone performance software capable of controlling swarms of drones and integrating into existing entertainment systems, providing dynamic interactions with audiences and actors. Near-term applications of the technology include recurring drone performances, venue installations, touring drone performance productions, and drone entertainment products.

Rachio, Inc.

Series A in 2015
Rachio, Inc. provides intelligent sprinkler controllers that enable users to water landscapes smartly. It also offers Iro, a WiFi-enabled device that turns sprinklers on and off remotely, and enables users to schedule irrigation automatically based on factors, such as water budgets, local weather, soil characteristics, and more. The company also offers control and dashboard options through a smartphone application. Rachio, Inc. was founded in 2013 and is based in Denver, Colorado.

Refraction AI

Seed Round in 2021
Refraction AI, Inc., an autonomous delivery robot company, builds and deploys robotic platforms to provide goods delivery in urban areas. It offers The REV-1, a delivery robotic vehicle that picks up goods from restaurants, pharmacies, and grocery stores, and bring them directly to the customers’ house. Refraction AI, Inc. was founded in 2017 and is based in Ann Arbor, Michigan.

Cobalt Labs, Inc.

Series A in 2018
Cobalt provides a Pentest as a Service (PtaaS) platform that is modernizing the traditional, static penetration testing model. Fueled by our global talent pool of certified freelancers, Cobalt’s crowdsourced SaaS pen test platform delivers actionable results that empower agile teams to pinpoint, track, and remediate software vulnerabilities. Hundreds of organizations now benefit from pen test findings, faster remediation times, and higher ROI for their pen test budget.

Clinc

Seed Round in 2015
Clinc, Inc. develops software applications based on artificial intelligence. The company serves banking, car, gaming, and healthcare industries. Clinc, Inc. was formerly known as Clarity Lab Inc. The company was incorporated in 2015 and is headquartered in Ann Arbor, Michigan.

MobileForce Software

Series B in 2014
MobileForce is a transformative, cloud-based customer relationship optimization (CRO) company that helps enterprises optimize customer engagement and productivity by connecting field personnel with the right information at the right time on the right device. The solution uniquely connects to a wide variety of cloud and on-prem enterprise applications and data sources, automatically orchestrating and synthesizing the information into contextually-relevant user experiences that shorten sales cycles, reduce the cost of sales, and gives field reps more “selling time” back in their day. The company's flagship product, MobileForce Sales Velocity, is a next-generation mobile engagement and productivity optimization solution for the world’s leading sales teams. It solves productivity challenges the right way – by delivering contextually relevant information, at the right time, on any device. The solution seamlessly integrates systems like Salesforce, Microsoft Dynamics, Oracle, SAP, SharePoint, Google Apps, Box, DropBox, LinkedIn, YouTube, and others in a single pane of glass interface.

Traxen

Seed Round in 2021
We are here to make a great contribution to the world by creating great products that save lives, conserve energy and help the world move smarter.

Blue Medora Inc.

Series B in 2016
Blue Medora is pioneering total IT system insight without plugins. Its software easily connects system health and performance data--no matter its source--with the world’s leading monitoring and analytics platforms, breaking barriers to today’s IT challenges. Based in Grand Rapids, Mich, Blue Medora helps more than 350 customers to unlock Dimensional Data across their IT stack.

Blue Medora Inc.

Series A in 2015
Blue Medora is pioneering total IT system insight without plugins. Its software easily connects system health and performance data--no matter its source--with the world’s leading monitoring and analytics platforms, breaking barriers to today’s IT challenges. Based in Grand Rapids, Mich, Blue Medora helps more than 350 customers to unlock Dimensional Data across their IT stack.

Strata Oncology, Inc.

Series A in 2016
Strata Oncology is a precision oncology company dedicated to transforming cancer care by expanding patient access to precision medicine clinical trials and accelerating drug approval. Strata's national precision oncology platform serves the needs of patients, providers and drug developers by providing a link from patient screening to streamlined enrollment in mutation-matched clinical trials. Follow us on Twitter @StrataOncology.

Akadeum Life Sciences

Seed Round in 2015
Akadeum Life Sciences is working on the problem of isolating mammalian and bacterial cells from complex mixtures. It creates the simplest bioseparation products and fundamentally change the way that isolating cells and other biological targets approached. The company currently uses microbubbles for applications in cell separation and other related areas. Akadeum Life Sciences was founded in 2014 and is headquartered in Ann Arbor, Michigan, United States.

Traxen

Seed Round in 2018
We are here to make a great contribution to the world by creating great products that save lives, conserve energy and help the world move smarter.

Clinc

Seed Round in 2016
Clinc, Inc. develops software applications based on artificial intelligence. The company serves banking, car, gaming, and healthcare industries. Clinc, Inc. was formerly known as Clarity Lab Inc. The company was incorporated in 2015 and is headquartered in Ann Arbor, Michigan.

pulsESG

Seed Round in 2021
pulsESG is a San Francisco, CA-based enterprise environmental, social, and governance (ESG) software as a service (SaaS) platform.

Akadeum Life Sciences

Seed Round in 2014
Akadeum Life Sciences is working on the problem of isolating mammalian and bacterial cells from complex mixtures. It creates the simplest bioseparation products and fundamentally change the way that isolating cells and other biological targets approached. The company currently uses microbubbles for applications in cell separation and other related areas. Akadeum Life Sciences was founded in 2014 and is headquartered in Ann Arbor, Michigan, United States.

Rachio, Inc.

Series A in 2015
Rachio, Inc. provides intelligent sprinkler controllers that enable users to water landscapes smartly. It also offers Iro, a WiFi-enabled device that turns sprinklers on and off remotely, and enables users to schedule irrigation automatically based on factors, such as water budgets, local weather, soil characteristics, and more. The company also offers control and dashboard options through a smartphone application. Rachio, Inc. was founded in 2013 and is based in Denver, Colorado.

Sight Machine

Series A in 2015
Sight Machine specializes in manufacturing analytics and used by Global 500 companies to make better, faster decisions about their operations. Sight Machine's analytics platform, purpose-built for discrete and process manufacturing, uses artificial intelligence, machine learning, and advanced analytics to help address critical challenges in quality and productivity throughout the enterprise. The platform is powered by the industry’s only Plant Digital Twin, which enables real-time visibility and actionable insights for every machine, line, and plant throughout an enterprise. It was founded in 2011 and headquartered in San Francisco, California.

Refraction AI

Funding Round in 2019
Refraction AI, Inc., an autonomous delivery robot company, builds and deploys robotic platforms to provide goods delivery in urban areas. It offers The REV-1, a delivery robotic vehicle that picks up goods from restaurants, pharmacies, and grocery stores, and bring them directly to the customers’ house. Refraction AI, Inc. was founded in 2017 and is based in Ann Arbor, Michigan.

Cobalt Labs, Inc.

Series B in 2020
Cobalt provides a Pentest as a Service (PtaaS) platform that is modernizing the traditional, static penetration testing model. Fueled by our global talent pool of certified freelancers, Cobalt’s crowdsourced SaaS pen test platform delivers actionable results that empower agile teams to pinpoint, track, and remediate software vulnerabilities. Hundreds of organizations now benefit from pen test findings, faster remediation times, and higher ROI for their pen test budget.

Rachio, Inc.

Series B in 2018
Rachio, Inc. provides intelligent sprinkler controllers that enable users to water landscapes smartly. It also offers Iro, a WiFi-enabled device that turns sprinklers on and off remotely, and enables users to schedule irrigation automatically based on factors, such as water budgets, local weather, soil characteristics, and more. The company also offers control and dashboard options through a smartphone application. Rachio, Inc. was founded in 2013 and is based in Denver, Colorado.

MemryX Inc.

Series A in 2021
MemryX is developing the Memory Processing Unit (MPU) – the only true commercial, large scale, non-volatile in-memory compute processor for AI/ML. The MPU harnesses a recent innovation in semiconductor storage, called resistive random-access memory (ReRAM) into machine intelligence compute “fabrics”, combining memory and processing into memory-compute blocks for optimal efficiency and flexibility.

Refraction AI

Funding Round in 2020
Refraction AI, Inc., an autonomous delivery robot company, builds and deploys robotic platforms to provide goods delivery in urban areas. It offers The REV-1, a delivery robotic vehicle that picks up goods from restaurants, pharmacies, and grocery stores, and bring them directly to the customers’ house. Refraction AI, Inc. was founded in 2017 and is based in Ann Arbor, Michigan.

Cobalt Labs, Inc.

Seed Round in 2016
Cobalt provides a Pentest as a Service (PtaaS) platform that is modernizing the traditional, static penetration testing model. Fueled by our global talent pool of certified freelancers, Cobalt’s crowdsourced SaaS pen test platform delivers actionable results that empower agile teams to pinpoint, track, and remediate software vulnerabilities. Hundreds of organizations now benefit from pen test findings, faster remediation times, and higher ROI for their pen test budget.

Blue Medora Inc.

Series B in 2017
Blue Medora is pioneering total IT system insight without plugins. Its software easily connects system health and performance data--no matter its source--with the world’s leading monitoring and analytics platforms, breaking barriers to today’s IT challenges. Based in Grand Rapids, Mich, Blue Medora helps more than 350 customers to unlock Dimensional Data across their IT stack.

Automatic Labs, Inc.

Series B in 2015
Automatic's mission is to empower drivers with knowledge about themselves and their cars so they can be safer and drive smarter. Automatic believes that drivers should not have to buy a new car to have a better driving experience, and that the phone in their pocket can bring the future of driving to today's automobiles. Automatic is based in San Francisco, California, but its team comes from every corner of the world. The team obsesses about creating beautiful and well-engineered products that make a real difference in people's lives. Its members are big on ideas, low on ego, and love working together.

Voxel51

Seed Round in 2019
Voxel51 is an AI software company that enables computer vision data scientists to rapidly curate and experiment with their datasets in order to build higher performing machine learning systems.

MemryX Inc.

Seed Round in 2019
MemryX is developing the Memory Processing Unit (MPU) – the only true commercial, large scale, non-volatile in-memory compute processor for AI/ML. The MPU harnesses a recent innovation in semiconductor storage, called resistive random-access memory (ReRAM) into machine intelligence compute “fabrics”, combining memory and processing into memory-compute blocks for optimal efficiency and flexibility.

Aperia Technologies

Series B in 2016
Aperia Technologies, Inc. provides automatic tire inflation devices. It offers halo tire inflator, a bolt-on device with a small internal pump driven by the rotation of a wheel that is designed to replenish or adjust pressure loss resulting from minor leaks, leaky vale stems, seepage, and temperature compensation. Its products are used in various types of fleet vehicles, including buses, box trucks, tractors, trailers, and refuse vehicles. The company offers its products through a network of dealers in the United States. Aperia Technologies, Inc. was founded in 2010 and is based in Burlingame, California.