Lateral Capital Management

Lateral Capital Management is a venture capital investment firm based in Sarasota, Florida, specializing in early-stage investments across various technology sectors. Founded in 2016, the firm focuses on seed-stage and early-stage companies, targeting areas such as healthcare, business services, information technology, and industrial products. Lateral Capital Management seeks to invest in companies that have completed products or services offering significant benefits, possess proprietary technology with filed or issued patents, and have logical strategic buyers interested in acquisition. The firm evaluates business models to ensure they can achieve cash flow breakeven while awaiting a buyer, thereby positioning itself to support innovative technologies and services in the market.

Mark Cronin

Principal

8 past transactions

Natilus

Venture Round in 2022
Natilus Inc. is a California-based company that specializes in manufacturing aircraft drones for freight forwarding. Founded in 2016 by Aleksey Matyushev and Anatoly Starikov, the company aims to transform the air cargo industry through innovative designs and advanced technology. With a team of engineering experts who have extensive experience in various aviation sectors, Natilus seeks to reduce air freight costs and improve accessibility for underdeveloped areas, ultimately enhancing global supply chain efficiency and sustainability. Its aircraft, including the Kona short-haul UAV, Alisio medium/long-range UAV, and Nordes long-range UAV, are constructed from carbon fiber composites and utilize existing ground infrastructure and standard air cargo containers. This design allows for remote piloting capabilities and positions Natilus to capitalize on a significant market opportunity, projecting an expansion of the air freight sector to $470 billion through cost reductions and increased efficiency.

Mesh++

Venture Round in 2021
Mesh++ is a developer of solar-powered wireless communication technologies aimed at providing high-speed WiFi connectivity in outdoor and public spaces. The company specializes in creating solar-powered routers that leverage mobile processing power to deliver reliable internet access, particularly in remote areas and locations that lack conventional infrastructure. By focusing on sustainable energy solutions, Mesh++ enables users to access high-speed internet at a low cost, thereby enhancing connectivity in communities and expanding digital inclusion.

Mono

Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in developing a financial data infrastructure application programming interface (API) platform. The company aims to enhance access to financial accounts and improve onboarding and identification processes across emerging markets in Africa. Mono's platform offers a variety of services, including the generation of bank statements, account verification, payment initiation, and credit checks. By providing businesses with secure and efficient access to crucial financial data, Mono empowers organizations ranging from startups to large enterprises, facilitating their ability to thrive and contribute to economic growth in the region.

Pathology Watch

Series A in 2020
Pathology Watch Inc. is a company that specializes in providing remote specimen interpretation services through its digital pathology solution, primarily for hospitals, laboratories, and dermatology centers. Founded in 2017 and headquartered in Salt Lake City, Utah, the company collaborates with dermatopathologists and subspecialized pathologists to interpret digital slides, pathology reports, and biopsy slides. By digitizing the pathology workflow, Pathology Watch enhances the quality of patient care while reducing costs and creating new revenue opportunities for clinical practices. Additionally, the company offers telepathology services tailored for large clinics and hospitals, ensuring efficient and effective pathology services.

Vaporox

Seed Round in 2020
Vaporox, Inc. is a company focused on developing advanced therapeutic delivery systems for treating skin wounds. It specializes in Vaporous Hyperoxia Therapy (VHT), a patented technology that utilizes low-frequency, non-contact ultrasound to atomize a liquid, optionally infused with antimicrobials, allowing for continuous delivery to wound beds. This innovative approach is particularly effective for a range of skin conditions, including diabetic foot ulcers, amputations, burns, frostbite, gangrene, pressure ulcers, and skin grafts. Founded in 2016 and headquartered in Denver, Colorado, Vaporox aims to provide a comfortable and cost-effective treatment alternative in the healthcare sector. The company was previously known as Wound Care, Inc. before rebranding in January 2019.

Mesh++

Seed Round in 2019
Mesh++ is a developer of solar-powered wireless communication technologies aimed at providing high-speed WiFi connectivity in outdoor and public spaces. The company specializes in creating solar-powered routers that leverage mobile processing power to deliver reliable internet access, particularly in remote areas and locations that lack conventional infrastructure. By focusing on sustainable energy solutions, Mesh++ enables users to access high-speed internet at a low cost, thereby enhancing connectivity in communities and expanding digital inclusion.

Agribody Technologies

Seed Round in 2017
Agribody Technologies, Inc. is an agricultural biotechnology firm based in San Diego, California, established in 2015. The company specializes in genetic engineering and genome editing to enhance crop yields and resistance. Utilizing advanced techniques such as CRISPR, Agribody develops patented technologies that target specific genes responsible for rapid decay in perishable crops. This innovation significantly extends the shelf life of produce, achieving three to four times longer durability, while also increasing crop stress tolerance and potential yields by up to 40%. By licensing and co-developing their technologies, Agribody addresses critical challenges in agriculture, including crop loss and food waste, ultimately contributing to more sustainable farming practices.

Natilus

Seed Round in 2017
Natilus Inc. is a California-based company that specializes in manufacturing aircraft drones for freight forwarding. Founded in 2016 by Aleksey Matyushev and Anatoly Starikov, the company aims to transform the air cargo industry through innovative designs and advanced technology. With a team of engineering experts who have extensive experience in various aviation sectors, Natilus seeks to reduce air freight costs and improve accessibility for underdeveloped areas, ultimately enhancing global supply chain efficiency and sustainability. Its aircraft, including the Kona short-haul UAV, Alisio medium/long-range UAV, and Nordes long-range UAV, are constructed from carbon fiber composites and utilize existing ground infrastructure and standard air cargo containers. This design allows for remote piloting capabilities and positions Natilus to capitalize on a significant market opportunity, projecting an expansion of the air freight sector to $470 billion through cost reductions and increased efficiency.
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