Slater Technology Fund

Slater Technology Fund is a venture capital firm based in Providence, Rhode Island, founded in 1997. The firm specializes in early-stage investments, focusing on sectors such as life sciences, biomedical technology, information technology, and clean energy. Within these sectors, it targets software, internet, digital media, and alternative energy resources. Slater Technology Fund primarily invests in companies at their inception stage, often leveraging ideas and technologies emerging from local academic institutions and government research laboratories. The firm typically invests up to $0.75 million per transaction and up to $3 million annually, with the potential for follow-on financing from venture capital investors or strategic partners. Its mission includes fostering the development of high-value, high-wage jobs in the region.

Bob Chatham

Partner

Past deals in Rhode Island

Alcinous Pharmaceuticals

Seed Round in 2020
Founded in 2016, Alcinous Pharmaceuticals specializes in developing innovative therapeutics focused on cancer treatment. The company designs new molecules that modulate the activity of established protein targets related to oncology and other pathologies.

HappyNest

Seed Round in 2019
HappyNest is a laundry-as-a-service platform that provides on-demand pickup and delivery with next-day return. Founded in 2019 and headquartered in East Greenwich, Rhode Island, the company operates with additional offices across Maryland, New York, Virginia, Ohio, New Jersey, Delaware and Florida. Its technology-driven service makes on-demand home laundry easier, more economical, and more efficient for time‑pressed consumers while enabling laundromat owners to participate in a coordinated logistics network. The platform offers customized washing options, including different soaps, bleaches and softeners, and supports multiple plans to fit different needs, aiming to replace repetitive domestic chores with a convenient, scalable solution for households and partner facilities.

Vitae Industries

Venture Round in 2017
Vitae Industries, Inc. is a company that specializes in pharmacy compounding automation products. Established in 2014 and headquartered in Providence, Rhode Island, it focuses on developing innovative solutions for the pharmaceutical industry. One of its key products is the AutoCompounder, which automates the manufacturing of tablets and gummies, ensuring accurate dosing and efficient cleanup. Additionally, Vitae Industries offers custom pharmaceutical services tailored to meet the needs of patients. Through its advanced technology and dedication to quality, the company aims to enhance the efficiency and effectiveness of pharmaceutical compounding.

Datarista

Seed Round in 2017
Datarista, Inc. is a technology company that develops a data-as-a-service cloud-based platform designed to facilitate the delivery and integration of real-time third-party sales and marketing data into customer relationship management (CRM) and marketing automation systems. Founded in 2015 and based in Narragansett, Rhode Island, Datarista's platform allows for both full and partial file installations, accommodating standard and custom data deployments tailored to client needs, all without requiring engineering resources from data providers. The platform serves as a service extension for data providers, enabling them to offer a comprehensive solution that enhances their sales capabilities and improves data velocity and utility for their clients.

eNow

Series A in 2016
eNow, Inc. is a company that specializes in developing solar energy solutions tailored for the transportation industry. Founded in 2011 and based in Warwick, Rhode Island, eNow focuses on renewable energy systems that provide auxiliary power for various applications, including refrigeration units, climate control systems, lift gates, and safety lighting. The company's proprietary solar photovoltaic panels capture energy to support both on-board battery systems and multiple functions within medium and heavy-duty trucks, buses, and military vehicles. eNow serves a diverse clientele that includes original equipment manufacturers, fleet owners, and individual drivers, positioning itself as a leader in solar-based auxiliary power solutions for transportation.

Drive Time Metrics

Seed Round in 2016
Drive Time Metrics, established in 2014 and headquartered in Providence, Rhode Island, specializes in developing a cloud-based platform for accessing, displaying, and reporting data from connected cars. The company's core business involves aggregating and analyzing in-vehicle media consumption data from various Original Equipment Manufacturers (OEMs), providing clients with valuable insights to generate new revenue streams and capitalize on available opportunities.

Mind Immune Therapeutics

Seed Round in 2016
MindImmune Therapeutics is a pharmaceutical company that develops antibody-based therapies targeting the immune system to treat diseases of the central nervous system. Its programs aim to address neuroinflammation associated with brain disorders such as Alzheimer's disease, Huntington's disease, pain, and psychiatric conditions. The company emphasizes the role of immune dysfunction in CNS pathology and seeks to inhibit peripheral innate immune responses to produce therapeutic effects. Based in Kingston, Rhode Island, MindImmune pursues collaborations with neuroscience research institutions to advance its drug development initiatives.

HMSolution

Seed Round in 2016
HMSolution, Inc. is a water technology company based in Providence, Rhode Island, founded in 2013. The company specializes in developing water treatment systems that effectively remove arsenic and other toxic contaminants from drinking water. Its innovative filtration technology is designed to address a variety of applications, including community water systems, beverage and agricultural companies, and households that rely on well water. HMSolution's systems provide a cost-effective and easy-to-operate solution, enabling public water suppliers and other water-related industries to significantly reduce operational costs while ensuring safe drinking water. The company aims to protect communities and homeowners from the health risks posed by toxic contaminants, offering scalable solutions for residential, municipal, and industrial needs.

Datarista

Seed Round in 2016
Datarista, Inc. is a technology company that develops a data-as-a-service cloud-based platform designed to facilitate the delivery and integration of real-time third-party sales and marketing data into customer relationship management (CRM) and marketing automation systems. Founded in 2015 and based in Narragansett, Rhode Island, Datarista's platform allows for both full and partial file installations, accommodating standard and custom data deployments tailored to client needs, all without requiring engineering resources from data providers. The platform serves as a service extension for data providers, enabling them to offer a comprehensive solution that enhances their sales capabilities and improves data velocity and utility for their clients.

VCharge

Convertible Note in 2013
VCharge, Inc. is a technology company that specializes in intelligent infrastructure for managing transactive electric loads, primarily across Maine, Massachusetts, Pennsylvania, and expanding into international markets such as Germany, Ireland, and the United Kingdom. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge develops the VNet power management platform, which coordinates the activities of distributed transactive load assets. The company also provides SmartBricks and SmartHydro, controllers for electric thermal storage heating systems, and VConsole, a web-based interface for users and utilities. VCharge focuses on retrofitting existing electric thermal storage systems, which are more common in Europe, to enhance energy efficiency and reduce costs for homeowners. Through energy arbitrage and grid services, VCharge helps users save significantly on heating costs while contributing to the stability and efficiency of the electric grid, particularly as the energy landscape shifts towards greater reliance on renewable sources.

CarbonPoint Solutions

Seed Round in 2013
CarbonPoint Solutions, an energy technology startup based in South Kingstown, Rhode Island, specializes in developing innovative modular power systems for the oil, gas, geothermal, and power markets across North America. The company focuses on advanced oxygen combustion-based power systems, including multi-fuel piston engines and high-pressure turbine engines. In addition to its power generation solutions, CarbonPoint Solutions is engaged in the production of carbon dioxide for large industrial processes and offers consulting and project management services in various energy sectors. The company is also commercializing patented technologies originally developed by the Naval Undersea Warfare Center, including semi-closed cycle generators designed to capture carbon dioxide for sequestration or productive reuse.

VoltServer

Series A in 2013
VoltServer develops innovative power distribution products using its patented Digital Electricity technology. It manufactures solutions that deliver touch-safe electricity via off-the-shelf data cables, offering significant cost savings, increased speed, distance, efficiency, intelligence, and flexibility compared to traditional electrical installations. Established in 2011, VoltServer serves diverse industries such as telecommunications, data centers, renewable energy, electric vehicles, indoor agriculture, and commercial buildings.

VCharge

Seed Round in 2012
VCharge, Inc. is a technology company that specializes in intelligent infrastructure for managing transactive electric loads, primarily across Maine, Massachusetts, Pennsylvania, and expanding into international markets such as Germany, Ireland, and the United Kingdom. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge develops the VNet power management platform, which coordinates the activities of distributed transactive load assets. The company also provides SmartBricks and SmartHydro, controllers for electric thermal storage heating systems, and VConsole, a web-based interface for users and utilities. VCharge focuses on retrofitting existing electric thermal storage systems, which are more common in Europe, to enhance energy efficiency and reduce costs for homeowners. Through energy arbitrage and grid services, VCharge helps users save significantly on heating costs while contributing to the stability and efficiency of the electric grid, particularly as the energy landscape shifts towards greater reliance on renewable sources.

ProThera Biologics

Venture Round in 2012
ProThera Biologics, Inc., established in 2001 and headquartered in Providence, Rhode Island, develops human plasma proteins for controlling inflammation through modulating multiple pathways. The company focuses on creating diagnostic and therapeutic products based on natural serine protease inhibitors, with a primary focus on inter-alpha inhibitor proteins for treating inflammatory diseases like sepsis and cancer. ProThera Biologics has a strategic partnership with ProMetic Life Sciences Inc. The company was founded by Yow-Pin Lim, MD/PhD, and Douglas C. Hixson, PhD, both actively engaged in biomedical research at the Carcinogenesis Laboratory of Rhode Island Hospital.

Lucidux

Seed Round in 2012
Providence, R.I.-based Lucidux LLC, a startup that makes 3-D imaging technology for surgery and other medical applications. Lucidux, founded in 2011, is developing its technology with corporate partner, Photon-X Inc. of Huntsville, Ala. The real-time, three-dimensional imaging of internal organs and tissues uses software-enhanced presentation and can be used by surgeons during procedures such as laparoscopy and arthroscopy. The company says it can highlight diseased tissue, allowing surgeons to remove it without damaging healthy tissue nearby.

VoltServer

Seed Round in 2012
VoltServer develops innovative power distribution products using its patented Digital Electricity technology. It manufactures solutions that deliver touch-safe electricity via off-the-shelf data cables, offering significant cost savings, increased speed, distance, efficiency, intelligence, and flexibility compared to traditional electrical installations. Established in 2011, VoltServer serves diverse industries such as telecommunications, data centers, renewable energy, electric vehicles, indoor agriculture, and commercial buildings.

Alektrona

Seed Round in 2012
Alektrona Corporation offers hardware and software solutions for advanced metering infrastructure (AMI), demand side management, and other energy-related applications. The company offers Z-Aperture, an energy network appliance that unites smart grid open standards and enterprise-class management for demand response, energy efficiency, and advanced metering systems, as well as provides access to thermostats, meters, displays, load controllers, plug-in electric vehicles, and other devices. Alektrona also provides a broadband energy management system that connects smart electric, gas, and water meters, as well as energy management devices and plug-in vehicles to utilities and other energy service providers for residential and commercial environments. The company's customers include smart grid infrastructure companies, such as utilities, energy services companies, municipalities, and energy solutions providers. Alektrona Corporation was incorporated in 2010 and is based in Providence, Rhode Island.

VCharge

Seed Round in 2011
VCharge, Inc. is a technology company that specializes in intelligent infrastructure for managing transactive electric loads, primarily across Maine, Massachusetts, Pennsylvania, and expanding into international markets such as Germany, Ireland, and the United Kingdom. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge develops the VNet power management platform, which coordinates the activities of distributed transactive load assets. The company also provides SmartBricks and SmartHydro, controllers for electric thermal storage heating systems, and VConsole, a web-based interface for users and utilities. VCharge focuses on retrofitting existing electric thermal storage systems, which are more common in Europe, to enhance energy efficiency and reduce costs for homeowners. Through energy arbitrage and grid services, VCharge helps users save significantly on heating costs while contributing to the stability and efficiency of the electric grid, particularly as the energy landscape shifts towards greater reliance on renewable sources.

VCharge

Seed Round in 2011
VCharge, Inc. is a technology company that specializes in intelligent infrastructure for managing transactive electric loads, primarily across Maine, Massachusetts, Pennsylvania, and expanding into international markets such as Germany, Ireland, and the United Kingdom. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge develops the VNet power management platform, which coordinates the activities of distributed transactive load assets. The company also provides SmartBricks and SmartHydro, controllers for electric thermal storage heating systems, and VConsole, a web-based interface for users and utilities. VCharge focuses on retrofitting existing electric thermal storage systems, which are more common in Europe, to enhance energy efficiency and reduce costs for homeowners. Through energy arbitrage and grid services, VCharge helps users save significantly on heating costs while contributing to the stability and efficiency of the electric grid, particularly as the energy landscape shifts towards greater reliance on renewable sources.

Andera

Series B in 2010
Andera is a leading provider of integrated online customer acquisition solutions specifically designed for retail financial institutions, including banks and credit unions. The company focuses on enabling these institutions to leverage the internet to drive growth and enhance customer engagement. Its comprehensive suite of products and services includes solutions for marketing, online account opening, funding, and cross-selling. Headquartered in Providence, Rhode Island, Andera is committed to helping financial organizations optimize their online presence and improve their customer acquisition strategies.

Alektrona

Venture Round in 2010
Alektrona Corporation offers hardware and software solutions for advanced metering infrastructure (AMI), demand side management, and other energy-related applications. The company offers Z-Aperture, an energy network appliance that unites smart grid open standards and enterprise-class management for demand response, energy efficiency, and advanced metering systems, as well as provides access to thermostats, meters, displays, load controllers, plug-in electric vehicles, and other devices. Alektrona also provides a broadband energy management system that connects smart electric, gas, and water meters, as well as energy management devices and plug-in vehicles to utilities and other energy service providers for residential and commercial environments. The company's customers include smart grid infrastructure companies, such as utilities, energy services companies, municipalities, and energy solutions providers. Alektrona Corporation was incorporated in 2010 and is based in Providence, Rhode Island.

CytoSolv

Seed Round in 2010
CytoSolv Inc. is a biotechnology company founded in 2009 and based in Tiverton, Rhode Island. The company focuses on developing innovative technologies aimed at curing diabetic ulcers, specifically through the advancement of cell-based therapeutics. CytoSolv is working on a cell-derived protein product designed to enhance the healing process of challenging skin wounds and abdominal fascia. Additionally, the company is exploring encapsulation systems and methodologies for the systemic delivery of proteins secreted by living cells, further broadening its approach to therapeutic solutions.

Nabsys

Series A in 2009
Nabsys is a biotechnology company based in Providence, Rhode Island, that specializes in semiconductor-based tools for genomic analysis. Founded in 2004, Nabsys has developed an innovative electronic mapping platform that offers a comprehensive view of the human genome. The company's technology utilizes solid-state nano-detectors to analyze entire genomes in large fragments, exceeding 100,000 base pairs and processing at speeds greater than one million base pairs per second. This advanced capability allows researchers to effectively examine structural variations and genome assembly, facilitating the confirmation of genetic variants. Nabsys has received recognition for its contributions to DNA analysis, including a “1000 Genome” award from the National Human Genome Research Institute.

WaveSyndicate

Seed Round in 2008
WaveSyndicate is a digital media analysis and syndication company, develops software that helps bloggers and Web-site creators to improve their audience targeting through content integration. Its software embeds links to other information, such as product pages in the video and audio material users post on their Web sites. The company is based in providence, Rhode Island.

Tizra

Series A in 2008
Tizra, Inc. is a digital publishing software company based in Providence, Rhode Island, founded in 2006. It provides a platform that enables content owners to promote, sell, and deliver their digital content directly to readers through their own websites. Tizra's solutions allow clients to maintain control over their sales processes, including pricing and target audiences, while facilitating easy access and consumption of content. The company serves a diverse range of customers, including educational, professional, scholarly, and consumer publishers, helping them to enhance user engagement and drive revenue by leveraging their digital assets effectively.

NeighborhoodScout

Series A in 2008
NeighborhooodScout® is owned and operated by Location Inc®, a Rhode Island-based company borne of university research, specializing in nationwide relocation software, retail site selection, and real estate investment advising. Location Inc developed NeighborhoodScout by coupling new technologies with PhD-level geographic expertise to serve the location selection needs of employees, families, and businesses. NeighborhoodScout is set to change the way consumers select residential real estate and make relocation decisions.

Andera

Venture Round in 2008
Andera is a leading provider of integrated online customer acquisition solutions specifically designed for retail financial institutions, including banks and credit unions. The company focuses on enabling these institutions to leverage the internet to drive growth and enhance customer engagement. Its comprehensive suite of products and services includes solutions for marketing, online account opening, funding, and cross-selling. Headquartered in Providence, Rhode Island, Andera is committed to helping financial organizations optimize their online presence and improve their customer acquisition strategies.

Genome

Seed Round in 2007
Genome Corp. engages in developing and commercializing the DNA sequencing technology. It offers proprietary technologies, massively-parallel sanger sequencing, for sequencing and analyzing the genomes of individuals. The company serves researchers and clinicians. Genome Corp. was founded in 2007 and is based in Providence, Rhode Island.

Tizra

Pre Seed Round in 2007
Tizra, Inc. is a digital publishing software company based in Providence, Rhode Island, founded in 2006. It provides a platform that enables content owners to promote, sell, and deliver their digital content directly to readers through their own websites. Tizra's solutions allow clients to maintain control over their sales processes, including pricing and target audiences, while facilitating easy access and consumption of content. The company serves a diverse range of customers, including educational, professional, scholarly, and consumer publishers, helping them to enhance user engagement and drive revenue by leveraging their digital assets effectively.

RightPath Payments

Venture Round in 2006
RightPath Payments, Inc. develops Business Payment Connection (BPC) Internet-based business-to-business payment solutions for small and mid-size businesses, and financial institutions to manage short term cash flow. Its BPC connects buyers, sellers, and their banks on the Internet for making electronic payments, as well as serves business financial institutions. The company was formerly known as Collaborative Financial Concepts, LLC and changed its name to RightPath Payments, Inc. in May 2006. RightPath Payments, Inc. was founded in 2003 and is based in Providence, Rhode Island.

EpiVax

Seed Round in 1998
EpiVax, Inc. is a biotechnology company specializing in computational immunology tools. Established in 1998 and based in Providence, Rhode Island, EpiVax focuses on developing innovative solutions to assess and mitigate immunogenic risks associated with protein therapeutics. The company offers a range of services, including interactive protein screening, immunogenicity predictions for antibody candidates, and informatics tools for evaluating host cell protein contaminants. Additionally, EpiVax provides deimmunization services to reduce immunogenicity in therapeutic proteins and develops epitope-based vaccines targeting diseases such as smallpox, tularemia, tuberculosis, and influenza. Its advanced platform also facilitates the design of epitope-driven vaccines and includes capabilities for lab-based immunogenicity assays and T cell assays. Through its comprehensive analytical capabilities, EpiVax aims to enhance the development of immunotherapeutics while minimizing side effects for patients.
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