Parcel B

Parcel B is a venture capital firm based in Needham, Massachusetts, established in 2012. The firm is composed of Olin College alumni and community member investors who are committed to supporting the mission of Olin College and fostering the growth of companies founded by its alumni. Parcel B invests in seed-stage, early-stage, and later-stage companies, focusing on sectors such as consumer products, consumer services, and information technology. The firm aims to contribute to the ongoing success of Olin College alumni-founded companies while promoting innovation and entrepreneurship within the community.

Lee Edwards

Investor

9 past transactions

Carbon Collective

Pre Seed Round in 2021
Carbon Collective is an online investment advisor dedicated to addressing the climate crisis by providing sustainable and green investment services. The company focuses on creating low-fee, diversified investment portfolios that aim to reduce carbon dioxide emissions. By offering a platform that allows users to invest in companies actively working to combat climate change, Carbon Collective seeks to bridge the significant annual climate investment gap. Its mission is to empower individuals to make impactful investment choices that contribute to a more sustainable future.

ScienceIO

Seed Round in 2020
ScienceIO is a biomedical language platform founded in 2019 by Gaurav Kaushik and Will Manidis in Massachusetts, United States. The company specializes in transforming unstructured biomedical data into usable and contextualized information. Its platform detects and extracts biomedical terms, clinical variables, and medical codes from complex medical texts, enabling the conversion of intricate information into actionable insights. By linking medical concepts, ScienceIO facilitates powerful queries, providing clients with easy access to relevant medical alternatives through the decoding of medical data.

MainStreet

Pre Seed Round in 2019
MainStreet, headquartered in the United States, specializes in identifying and claiming government incentives, tax credits, deductions, and stimulus funds for startups and small to medium-sized businesses (SMBs). The company's platform analyzes payroll and accounting systems to uncover applicable federal, state, and local tax credits while managing legal workflows, thereby assisting clients in saving both time and money. MainStreet operates on a flat success fee model, charging 20% upon the disbursement of incentives. Founded in 2019 in San Jose, California, by Daniel Griffin, Doug Ludlow, and Dan Lindquist, MainStreet also provides personal finance tips and advice to help consumers grow their wealth. The company is supported by several prominent investors, including SignalFire, Gradient Ventures, and Sound Ventures.

Brief

Pre Seed Round in 2019
Brief is to foster healthy discourse by rethinking the way we read the news.

Skydio

Series B in 2018
Skydio, Inc. is a drone manufacturer based in Redwood City, California, founded in 2014. The company designs, assembles, and supports advanced drones that leverage artificial intelligence to enhance user experience. Skydio's drones are utilized in various sectors, including public safety, inspection, and defense, catering to consumers, enterprises, and government customers. Their products feature an array of cameras and proprietary computer vision technology that allows for real-time obstacle recognition and avoidance, enabling autonomous flight and intelligent decision-making. The company's initial offering was the R1 drone, which could autonomously track and film targets without human intervention. This was followed by the Skydio 2, which was more affordable and boasted improved tracking capabilities. The flagship model, the X2, is equipped with advanced features such as night vision and 100x zoom, allowing ordinary users to operate drones with ease. Skydio is supported by prominent investors and strategic partners, contributing to its growth in the competitive drone market.

Pinch

Seed Round in 2018
Pinch is a company that facilitates the building of credit history through timely rent payments. By reporting these payments to credit bureaus, Pinch enables individuals to enhance their credit scores without incurring additional debt. Traditionally, paying rent did not influence credit scores, but recent changes in the industry recognize the reliability of tenants who consistently pay rent on time. Studies indicate that individuals who previously had no credit score can achieve one after their rent payments are reported, with a significant portion experiencing an increase in their credit ratings. This service allows users to improve their creditworthiness, thereby increasing their chances of obtaining loans and other financial products.

Enzyme

Seed Round in 2017
Enzyme develops a cloud-based platform that assists life sciences companies in navigating FDA approval and regulatory compliance. By automating and simplifying compliance workflows, the platform helps organizations reduce their reliance on expensive consultants, potentially cutting compliance costs by up to 50 percent. Additionally, it addresses the significant personnel burden associated with regulatory issues, which affects about 10 percent of the workforce in biopharma and life sciences, potentially lowering headcount requirements. Enzyme's software not only streamlines compliance monitoring but also ensures adherence to FDA standards, allowing medical device, diagnostic, and drug development businesses to expedite the process of bringing their products to market while minimizing legal risks.

Osmo Systems

Seed Round in 2017
Osmo Systems, Inc. is a company based in Menlo Park, California, that specializes in the manufacture of mobile monitoring devices designed for hydroponics, aquaculture, and aquariums. The company's technology enables real-time monitoring of water quality, allowing users to set specific thresholds for various tanks and receive alerts via email or SMS before potential issues arise. Additionally, Osmo Systems tracks yields to analyze the performance of different tanks and ponds. The company's multi-parameter sensors measure critical water quality indicators such as dissolved oxygen, ammonia, pH, temperature, total dissolved solids (TDS), and salinity. Established in 2014, Osmo Systems focuses on providing low-cost and low-maintenance solutions to enhance water quality management for fish farms and other aquatic environments.

Common Networks

Seed Round in 2017
Common Networks, Inc. is a software-driven internet service provider based in San Francisco, California, founded in 2016. The company aims to deliver fast and affordable broadband internet to homes, particularly in suburban areas. By utilizing wireless technology and proprietary software algorithms, Common Networks offers fiber-class home internet services, including 5G wireless networks. This innovative approach allows the company to challenge traditional cable providers and incumbents in the industry, ensuring that customers receive ultra-high-speed internet access without the burden of monopolized pricing.
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