Emerald Development Managers

Emerald Development Managers is a venture capital firm based in New York, specializing in early-stage growth equity investments. Established in 1994, the firm leverages extensive relationships with academic institutions, operating managers, and other investors to identify promising opportunities. Emerald focuses on sectors such as health technology, biopharma, cybersecurity, enterprise software, industrial, and cleantech. Beyond providing capital, the firm emphasizes a hands-on approach, offering mentorship and expertise to foster the growth of its portfolio companies. This commitment to delivering not only financial support but also strategic guidance has positioned Emerald as a significant player in the venture capital landscape.

Stephen Case

Managing Director

Neil Cohen

Founder and Chairman

Charles Collins

Partner

Clara Estol

Associate

Thomas Gallo

Principal

CY Schroeder

Principal

Abbe Serphos

Operating Partner and Head of Communications

Yashil Sukurdeep

Investor

26 past transactions

Evolved By Nature

Series C in 2022
Evolved by Nature, based in Boston, was started by biomedical engineer Rebecca Lacouture and chemist Gregory Altman in 2013. Their product is pure silk in liquid form, a regenerative technology made from discarded silkworm cocoons. The company has patented dozens of molecular combinations of the natural silk protein since filing its first application in 2014.

CybSafe

Series B in 2022
CybSafe Limited, founded in 2015 and headquartered in London, United Kingdom, develops a Unified Cyber Awareness Platform aimed at enhancing cyber security for organizations. The platform educates employees through a series of engaging, structured modules that promote behavioral change and improve online security practices. Key features include thought-provoking content, real-time analytics, and a user-friendly implementation process. The software adapts to individual knowledge levels and behavior patterns, leveraging proprietary analytics to stay ahead of evolving cyber threats. By fostering a culture of awareness, CybSafe empowers organizations to mitigate risks associated with cyber security effectively.

Proscia

Series C in 2022
Proscia Inc. is a Philadelphia-based software company focused on transforming pathology practices through its cloud-based digital pathology platform, Concentriq. Founded in 2014, Proscia aims to enhance cancer research and diagnosis by leveraging advanced computing technologies to extract hidden data from pathology images. This data is converted into valuable insights that empower physicians to improve patient outcomes and facilitate the development of life-saving medical advancements. By introducing AI-powered applications, Proscia provides laboratories with innovative tools to meet the growing demand for pathology services and to advance the field of precision diagnostics.

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.

WATT Fuel Cell

Venture Round in 2022
WATT Fuel Cell Corporation develops and manufactures solid oxide fuel cells (SOFC) stacks and systems. Its system operates on readily available and accessible fuels, such as propane, natural gas, JP-8, and diesel to manage renewable power sources. The company also provides hybrid SOFC system that utilizes hydrocarbon fuels in conjunction with solar or wind technologies to optimize power output, energy storage, and fuel consumption. It serves marine and RV, emergency response, military, and remote power sectors. WATT Fuel Cell Corporation was founded in 2010 and is based in Mount Pleasant, Pennsylvania.

TrueFort

Series B in 2021
TrueFort Inc. specializes in real-time application and cloud workload protection solutions, addressing the security needs of modern enterprises. Founded in 2015 and based in Weehawken, New Jersey, the company focuses on securing application environments, which are increasingly targeted by cyber threats. TrueFort's Fortress solution integrates telemetry from existing agents, offering a comprehensive approach that surpasses traditional point or infrastructure-focused security measures. It provides users with a unified console for policy management and reporting, enabling organizations to measure and enhance their risk posture effectively.

Babson Diagnostics

Series B in 2021
Babson Diagnostics, Inc. is a healthcare technology company based in Austin, Texas, that focuses on providing diagnostic blood testing in retail settings such as pharmacies and grocery stores. Established in 2017, the company has developed a device that collects lab-quality blood samples requiring only a small volume of blood obtained from finger capillaries. This innovative approach allows for blood tests to be performed with minimal training and delivers accurate results comparable to traditional venipuncture methods. By utilizing this technology, consumers can receive laboratory-grade blood diagnostics quickly and conveniently, significantly enhancing access to essential healthcare services.

Cyware

Series B in 2021
Cyware Labs Inc. develops and provides comprehensive threat intelligence solutions designed to enhance cybersecurity for enterprises, information sharing and analysis centers, managed security service providers, and government agencies. The company offers several key platforms, including the Cyware Situational Awareness Platform (CSAP), which aggregates threat alerts and facilitates information sharing to improve situational awareness. Another major offering is the Cyware Threat Intelligence eXchange (CTIX), a client-server platform that enables the ingestion, enrichment, and bi-directional sharing of threat data within trusted networks. Additionally, the Cyware Fusion and Threat Response (CFTR) platform automates cyber threat responses through advanced orchestration, while the Cyware Security Orchestration Layer (CSOL) serves as a universal gateway for executing security tasks efficiently. Cyware's technology aims to enhance collaboration, increase threat visibility, and reduce operational costs, ultimately addressing the growing challenges posed by sophisticated cyber threats. Founded in 2016, Cyware Labs is headquartered in New York City.

Cyware

Series A in 2020
Cyware Labs Inc. develops and provides comprehensive threat intelligence solutions designed to enhance cybersecurity for enterprises, information sharing and analysis centers, managed security service providers, and government agencies. The company offers several key platforms, including the Cyware Situational Awareness Platform (CSAP), which aggregates threat alerts and facilitates information sharing to improve situational awareness. Another major offering is the Cyware Threat Intelligence eXchange (CTIX), a client-server platform that enables the ingestion, enrichment, and bi-directional sharing of threat data within trusted networks. Additionally, the Cyware Fusion and Threat Response (CFTR) platform automates cyber threat responses through advanced orchestration, while the Cyware Security Orchestration Layer (CSOL) serves as a universal gateway for executing security tasks efficiently. Cyware's technology aims to enhance collaboration, increase threat visibility, and reduce operational costs, ultimately addressing the growing challenges posed by sophisticated cyber threats. Founded in 2016, Cyware Labs is headquartered in New York City.

Lifesprout

Series A in 2020
LifeSprout is developing the next generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine. LifeSprout offers revolutionary products for aesthetic and regenerative medicine. Leveraging recent breakthroughs in materials science, we have created a platform that looks and behaves like the body’s own tissues. The company is turning this into a suite of products for millions of patients each year with soft tissue losses from aging, cancer, and metabolic disease.

READY Robotics

Series B in 2020
READY Robotics enables manufacturers to more easily deploy robots to the factory floor through a patented technology platform that combines a very easy to use programming interface and plug'n'play hardware. The company encourages manufacturers to be more competitive through the line of intuitive-to-use, easy to control industrial robotic software called Forge, which is a suite of products that requires minimum installation effort, no robotic or programming experience necessary. READY Robotics was founded on 2016 and is headquartered in Columbus, Ohio.

Cyware

Seed Round in 2019
Cyware Labs Inc. develops and provides comprehensive threat intelligence solutions designed to enhance cybersecurity for enterprises, information sharing and analysis centers, managed security service providers, and government agencies. The company offers several key platforms, including the Cyware Situational Awareness Platform (CSAP), which aggregates threat alerts and facilitates information sharing to improve situational awareness. Another major offering is the Cyware Threat Intelligence eXchange (CTIX), a client-server platform that enables the ingestion, enrichment, and bi-directional sharing of threat data within trusted networks. Additionally, the Cyware Fusion and Threat Response (CFTR) platform automates cyber threat responses through advanced orchestration, while the Cyware Security Orchestration Layer (CSOL) serves as a universal gateway for executing security tasks efficiently. Cyware's technology aims to enhance collaboration, increase threat visibility, and reduce operational costs, ultimately addressing the growing challenges posed by sophisticated cyber threats. Founded in 2016, Cyware Labs is headquartered in New York City.

Capital Rx

Series A in 2019
Capital Rx, Inc. is a pharmacy benefit manager that specializes in overseeing self-insured prescription benefit plans for employers, unions, and government entities. Founded in 2017 and based in New York, the company employs a unique Clearinghouse Model to redefine prescription pricing and administration in the United States. This approach enhances the pharmacy supply chain by establishing a competitive marketplace for drug pricing, ultimately reducing costs for employer groups. Capital Rx's platform integrates various facets of the pharmacy ecosystem, improving administrative workflows, clinical oversight, and claim processing. By focusing on actionable strategies, the company aims to enhance plan performance and patient outcomes, facilitating better engagement between healthcare providers and patients while advancing overall healthcare efficiency.

TrueFort

Series A in 2019
TrueFort Inc. specializes in real-time application and cloud workload protection solutions, addressing the security needs of modern enterprises. Founded in 2015 and based in Weehawken, New Jersey, the company focuses on securing application environments, which are increasingly targeted by cyber threats. TrueFort's Fortress solution integrates telemetry from existing agents, offering a comprehensive approach that surpasses traditional point or infrastructure-focused security measures. It provides users with a unified console for policy management and reporting, enabling organizations to measure and enhance their risk posture effectively.

Vixiar

Series A in 2019
Vixiar Medical, Inc., founded in 2013 and located in Annapolis, Maryland, specializes in developing non-invasive and cost-effective medical devices for monitoring cardiopulmonary diseases. The company's flagship product, Indicor, is a handheld point-of-care device that enables healthcare professionals to monitor worsening heart failure. Vixiar's devices are designed to assess cardiac filling pressure in various settings, including homes, physician's offices, nursing homes, and hospitals. By focusing on improving clinical workflow and delivering economic value, Vixiar aims to address the significant clinical and economic burdens associated with cardiopulmonary conditions.

Proscia

Series A in 2018
Proscia Inc. is a Philadelphia-based software company focused on transforming pathology practices through its cloud-based digital pathology platform, Concentriq. Founded in 2014, Proscia aims to enhance cancer research and diagnosis by leveraging advanced computing technologies to extract hidden data from pathology images. This data is converted into valuable insights that empower physicians to improve patient outcomes and facilitate the development of life-saving medical advancements. By introducing AI-powered applications, Proscia provides laboratories with innovative tools to meet the growing demand for pathology services and to advance the field of precision diagnostics.

WATT Fuel Cell

Venture Round in 2018
WATT Fuel Cell Corporation develops and manufactures solid oxide fuel cells (SOFC) stacks and systems. Its system operates on readily available and accessible fuels, such as propane, natural gas, JP-8, and diesel to manage renewable power sources. The company also provides hybrid SOFC system that utilizes hydrocarbon fuels in conjunction with solar or wind technologies to optimize power output, energy storage, and fuel consumption. It serves marine and RV, emergency response, military, and remote power sectors. WATT Fuel Cell Corporation was founded in 2010 and is based in Mount Pleasant, Pennsylvania.

SafeBreach

Series B in 2018
SafeBreach Inc. is a cybersecurity company that specializes in breach and attack simulation, providing organizations with tools to enhance their security posture. Founded in 2014 and based in Sunnyvale, California, with an additional location in Tel Aviv, Israel, SafeBreach offers a comprehensive platform that simulates hacker techniques to identify vulnerabilities within a network. Its platform utilizes an extensive Hacker's Playbook, which includes real-world breach methods, to proactively predict potential attacks and validate existing security controls. By integrating with various security information and event management systems and other cybersecurity tools, SafeBreach enables continuous visibility into security issues, allowing businesses to detect and remediate potential breaches before they can be exploited by actual attackers. The company is supported by notable investors, including Sequoia Capital and Deutsche Telekom Capital.

AppliedEA

Venture Round in 2018
AppliedEA specializes in industrial software development focused on monitoring and analyzing autonomous mobile machines in real-time. By utilizing big data and machine learning technology, the company aims to enhance the performance of these machines while addressing the challenges of high failure rates and substantial maintenance costs. Its software is designed to implement Condition-Based Maintenance (CBM) methodologies, which help aviation companies improve reliability, reduce liability, and lower maintenance expenses associated with unmanned aerial vehicles. Through innovative solutions, AppliedEA seeks to transform the maintenance landscape for mobile machines, ensuring they operate efficiently and effectively.

Sustained Nano Systems

Venture Round in 2017
Developer of a drug delivery technology designed to offer short or long-term micro-dosing for targeting the cell for several therapeutic purposes. The company's technology utilizes its expertise in small particle behavior to produce short and long-term sustained drug delivery with applications for a variety of fields, including chronic disease states, where repetitive dosing is required, enabling healthcare providers to deliver existing and emerging drug technologies in a manner that would improve drug administration for patients.

READY Robotics

Seed Round in 2016
READY Robotics enables manufacturers to more easily deploy robots to the factory floor through a patented technology platform that combines a very easy to use programming interface and plug'n'play hardware. The company encourages manufacturers to be more competitive through the line of intuitive-to-use, easy to control industrial robotic software called Forge, which is a suite of products that requires minimum installation effort, no robotic or programming experience necessary. READY Robotics was founded on 2016 and is headquartered in Columbus, Ohio.

GreenSight

Seed Round in 2016
GreenSight Agronomics, Inc. is a company that develops advanced drone technology and a cloud-based platform aimed at improving agricultural and turf management. Founded in 2015 and headquartered in Brookline, Massachusetts, GreenSight manufactures automated drones equipped with sophisticated sensors and data analytics capabilities. Its offerings include services for turf monitoring, crop management, irrigation, and pest detection. The company provides actionable insights through its drone technology, which allows land managers in sectors such as agriculture, energy, and construction to gather daily aerial intelligence efficiently. Notably, GreenSight's solutions have been designed to significantly reduce water and chemical usage, thereby saving costs and enhancing sustainability for golf courses and farms. By detecting plant stress and diseases early, the platform enables timely intervention by agrochemical companies, ultimately improving crop health and operational efficiency.

Proscia

Seed Round in 2016
Proscia Inc. is a Philadelphia-based software company focused on transforming pathology practices through its cloud-based digital pathology platform, Concentriq. Founded in 2014, Proscia aims to enhance cancer research and diagnosis by leveraging advanced computing technologies to extract hidden data from pathology images. This data is converted into valuable insights that empower physicians to improve patient outcomes and facilitate the development of life-saving medical advancements. By introducing AI-powered applications, Proscia provides laboratories with innovative tools to meet the growing demand for pathology services and to advance the field of precision diagnostics.

Socure

Venture Round in 2015
Socure Inc. specializes in digital identity verification solutions through its Socure ID+ platform, which utilizes predictive analytics, artificial intelligence, and machine learning to authenticate identities in real-time. The platform aggregates data from various online and offline sources, such as emails, phone numbers, and social media, to support compliance with customer identification programs, know your customer guidelines, and anti-money laundering regulations. In addition to the Socure ID+ platform, the company offers tools like Aida, an AI-driven bot for identity validation, Docv for document verification, and Sigma Synthetic Fraud, which addresses synthetic identity fraud. Socure enhances financial inclusion by approving a significant percentage of millennial and thin-file consumers while substantially reducing fraud in online account openings. Founded in 2012 and headquartered in New York, Socure serves a diverse clientele, including software firms, financial institutions, and integration partners, and has established a strategic partnership with ForgeRock.

DriverUp

Series A in 2015
DriverUp Corp. operates an online marketplace focused on automotive financing, enabling direct participation for investors in this market. Founded in 2012 and based in Austin, Texas, DriverUp enhances the financing experience for both car dealers and buyers through its application portal, which streamlines the search for financing terms and allows users to secure purchases online. The platform employs proprietary technology and advanced data analytics to facilitate efficient processing of auto loans, providing transparency and detailed reporting. It uniquely allows accredited investors, including hedge funds and high-net-worth individuals, to engage directly in high-yield auto lending opportunities. Previously known as Sierra Holdings LLC, the company rebranded to DriverUp Corp. in February 2015.

Intellihot

Venture Round in 2015
Intellihot Green Technologies Inc. specializes in designing, manufacturing, and assembling tankless water heater systems for both residential and commercial uses across the United States. Founded in 2005 and based in Galesburg, Illinois, the company offers a range of models suitable for various sectors, including hospitality, healthcare, education, and retail. Intellihot's innovative systems are notable for their space-saving design, eliminating the need for traditional storage tanks, and they incorporate advanced technology such as Wi-Fi and 3G/4G connectivity to monitor water usage patterns. This functionality enables clients to enjoy on-demand water heating while optimizing energy efficiency. The company serves its customers through a network of sales representatives, dealers, and wholesalers, and its commitment to innovation is reflected in several patents pending for its technology.
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