Slater Technology Fund

The Slater Technology Fund is an independently chartered economic development fund that operates in accord with best practices of venture capital investing, backing new ventures committed to basing and building businesses in Rhode Island. Leveraging state and federal funding, Slater focuses its resources on the support of entrepreneurs who have the vision, leadership and commitment to build substantial commercial enterprises. Slater typically invests at the inception stage in the development of a new venture, often based upon ideas and technologies originating in academic institutions and/or government research laboratories located within the region. In most cases, investments are premised upon the possibility of raising substantial follow-on financing, from venture capital investors or from strategic partners, with a view toward accelerating the generation of significant numbers of high-value, high-wage jobs over the intermediate to longer-term.
BC

Bob Chatham

Director

FE

Ferdinand Engel

Member of Advisory Board

LG

Lou Guercia

Venture Partner

Thorne Sparkman

MD

Jeffrey Vogel

Member of Advisory Board

Past deals in Electricity

Medrobotics Corporation

Series A in 2009
Medrobotics is a medical robotics company developing and commercializing the Flex Robotic System. It manufactures and markets the Flex Robotic System, the first robotic surgical platform with a steerable and shapeable robotic scope. Its platform offers surgeons the unique ability to navigate complex anatomy through a single, small entry point while operating in hard-to-reach anatomical locations that might otherwise be inaccessible with straight, rigid surgical tools.

Lenoss Medical

Venture Round in 2021
Lenoss Medical engages in providing solutions that support the natural osseous healing process.

Concordia Fibers

Venture Round in 2007
Concordia’s core competency is processing synthetic filaments and fibers to enable the production of innovative fabric structures. The company engineers and manufactures a wide range of synthetic continuous filament yarns for high value applications. They use traditional twisting, winding, texturing, and serving capabilities, but for Their most unique opportunities, such as carbon twisting and commingling for advanced composites, They design and build Their own machines.

HMSolution Inc.

Seed Round in 2016
HMSolution, Inc., a water technology company, develops water treatment systems that remove arsenic and other toxic contaminants from drinking water. It offers its systems for various drinking water applications, such as community water systems, beverage companies, agricultural companies, and households relying on wells that need a point-of-entry or point-of-use system. The company was founded in 2013 and is based in Providence, Rhode Island.

ProThera Biologics

Venture Round in 2012
ProThera Biologics was established in the state of Rhode Island in 2001 by Yow-Pin Lim, MD/PhD, Assistant Professor of Medicine, Brown Medical School and Douglas C. Hixson, PhD, Professor of Medicine and Pathology/ Laboratory Medicine, Brown Medical School. Both co-founders are actively engaged in the biomedical research in the Carcinogenesis Laboratory at Rhode Island Hospital, where Dr. Hixson is the longstanding Research Director and Dr. Lim is a Research Oncologist.

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.

CytoSolv

Seed Round in 2010
CytoSolv Inc. engages in the development of a technology for the cure of diabetic ulcers. The company was founded in 2009 and is based in Tiverton, Rhode Island.

Luc Therapeutics

Series A in 2012
Cadent Therapeutics is a precision neuroscience company developing novel medicines that tune and modulate brain rhythms to restore cognitive and motor function in patients with serious neurological disease. The company leverages its precision neuroscience approach combining target specificity, patient selection, drug design and optimization, and novel quantitative endpoints to create first-in-class molecules to treat movement and cognitive disorders. It was founded in 2010 and headquartered in Cambridge, Massachusetts.

EpiVax, Inc.

Seed Round in 1998
EpiVax is an immunology company and has developed comprehensive analytical capabilities in the field of computational immunology.

VCharge

Seed Round in 2012
VCharge, Inc. develops intelligent infrastructure for transactive electric loads for energy management in Maine, Massachusetts, and Pennsylvania. The company offers VNet, a power management platform that coordinates the activities of distributed transactive load assets; SmartBricks and SmartHydro that are asset controllers for electric thermal storage heating systems to handle loads of electric car charging stations and compressed air systems; and VConsole, a Web-based user interface that offers information and control for end users, utilities, and maintenance personnel. The company also serves customers in Germany, North America, Ireland, and the United Kingdom. VCharge, Inc. was founded in 2009 and is based in Providence, Rhode Island. As of February 9, 2017, VCharge, Inc. operates as a subsidiary of OVO Energy Limited.

Genome

Pre 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.

Bionica

Seed Round in 2007
Bionica Corp. develops personal communication systems for the hearing-impaired.
MindImmune Therapeutics, Inc., a pharmaceutical company, develops and commercializes therapeutic drugs that target the immune system to treat diseases of the central nervous system. Its products are used to treat Alzheimer’s and Huntington’s, pain, and psychiatric disorders. MindImmune Therapeutics, Inc. was incorporated in 2016 and is headquartered in Kingston, Rhode Island.

Datarista, Inc.

Seed Round in 2017
Datarista is reinventing how third-party sales & marketing data providers deliver data to their customers. The Datarista platform provides real time, relevant third party data delivery, integration and update services for both enhancement and prospecting inside of the most popular CRM and Marketing Automation platforms. Datarista is a service extension for the data providers to enable their sales teams to sell an end-to-end solution. Datarista is PaaS for your DaaS!

Dynadec

Series A in 2010
Dynadec solutions drive operational excellence by optimizing the decisions and processes that are critical to your success. Cometâ„¢, there hybrid optimization platform, accelerates the development of high-value solutions for vehicle routing, workforce management and resource scheduling. there patent-pending, dynamic stochastic optimization technology extends the power of Comet by incorporating uncertainty and probabilistic data into real-time decision making.

GoPeer, LLC

Seed Round in 2019
GoPeer is a platform that connects K-12 students with vetted college undergraduates for in-person and online tutoring lessons. The company develops a personalized tutoring platform designed to provide convenient, affordable, and highly effective education to all students. It aims to improve the quality and lower the cost of education. This is why GoPeer offers high-quality 1-to-1 tutoring at 1/3 the national average cost of professional tutoring. GoPeer was established in 2017 and is headquartered in Boston, Massachusetts.

Nabsys

Series A in 2009
Nabsys develops semiconductor-based tools for genomic analysis. The company has pioneered the technology of electronic high-definition mapping which is capable of analyzing entire genomes, in very large fragments (100,000 bp and higher) traveling at high velocity (greater than 1 million base pairs per second). Nabsys was the first company to receive a “1000 Genome” award from the National Human Genome Research Institute of the National Institutes of Health for an electronic approach to DNA analysis. It was founded in 2004 and headquartered in Providence, Rhode Island.

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.

Luc Therapeutics

Seed Round in 2010
Cadent Therapeutics is a precision neuroscience company developing novel medicines that tune and modulate brain rhythms to restore cognitive and motor function in patients with serious neurological disease. The company leverages its precision neuroscience approach combining target specificity, patient selection, drug design and optimization, and novel quantitative endpoints to create first-in-class molecules to treat movement and cognitive disorders. It was founded in 2010 and headquartered in Cambridge, Massachusetts.

Andera

Series B in 2010
Andera is the leader in integrated online customer acquisition solutions for retail financial institutions. Dedicated to helping banks and credit unions use the Web to drive growth, its suite of products and services includes solutions for marketing, customer acquisition, account opening, funding, and cross-selling. Andera is headquartered in Providence, R.I

Gila Therapeutics, Inc.

Series A in 2016
Gila Therapeutics, Inc. is a privately-held Corporation operating in the state of Florida since January 2014, founded by Dr. Andres Acosta and Dr. Sergei Zolotukhin to develop a new therapy for obesity. Gila Therapeutics Inc. uses the discoveries achieved by the company founders to target a new pathway to treat obesity by increasing fullness, decreasing caloric intake and producing weight loss.

Vitae Industries, Inc.

Venture Round in 2017
Vitae Industries, Inc. develops pharmacy compounding automation products. It provides AutoCompounder that manufactures tablets or gummies, verifies the dose, and cleans up. The company was incorporated in 2014 and is based in Providence, Rhode Island.
Alcinous Pharmaceuticals, Inc. engages in designing and developing therapeutics for cancers. The company develops protein-based therapeutics related to oncology and other pathologies. The company was founded in 2016 and is based in Rumford, Rhode Island.

VCharge

Seed Round in 2011
VCharge, Inc. develops intelligent infrastructure for transactive electric loads for energy management in Maine, Massachusetts, and Pennsylvania. The company offers VNet, a power management platform that coordinates the activities of distributed transactive load assets; SmartBricks and SmartHydro that are asset controllers for electric thermal storage heating systems to handle loads of electric car charging stations and compressed air systems; and VConsole, a Web-based user interface that offers information and control for end users, utilities, and maintenance personnel. The company also serves customers in Germany, North America, Ireland, and the United Kingdom. VCharge, Inc. was founded in 2009 and is based in Providence, Rhode Island. As of February 9, 2017, VCharge, Inc. operates as a subsidiary of OVO Energy Limited.

Absolute Commerce

Seed Round in 2014
Absolute Commerce works with Global 5000 organizations to improve the operational effectiveness and efficiency of their purchase-to-pay activities. Absolute Commerce combines an ultra-modern data acquisition platform, world class pricing and procurement optimization expertise, and proven ERP integration to solve the limitations of traditional electronic procurement platforms. The solution brings a simple, secure, and streamlined approach to the previously complex world of procurement catalog integration by providing a real time, consumer-like shopping experience within our customers’ existing ERP systems, requiring zero customization at a cost that is easy to justify. The Absolute Commerce leadership team has a long track record of creating innovative solution to long-standing problems in the procure-to-pay arena

Happynest, Inc.

Seed Round in 2019
HappyNest is transforming a repetitive domestic chore and a traditional existing industry with a technology platform that makes on-demand home laundry an easy, economical, and efficient experience for time-starved consumers. The HappyNest model creates a slick product for both consumers and laundromat owners.

eNow, Inc

Series A in 2016
We are the leader in providing solar-based auxiliary power systems exclusively for the transportation industry. eNow's proprietary solar products supply auxiliary power to refrigeration units, cab climate control systems, lift gates, tools, electronics, and safety and emergency lighting. eNow systems are designed for medium and heavy duty trucks, buses and military vehicles.

Datarista, Inc.

Seed Round in 2016
Datarista is reinventing how third-party sales & marketing data providers deliver data to their customers. The Datarista platform provides real time, relevant third party data delivery, integration and update services for both enhancement and prospecting inside of the most popular CRM and Marketing Automation platforms. Datarista is a service extension for the data providers to enable their sales teams to sell an end-to-end solution. Datarista is PaaS for your DaaS!

IlluminOss Medical

Series C in 2012
IlluminOss Medical, Inc. is a commercial-stage medical device company offering a unique, minimally invasive technology for fracture repair and stabilization. The Company utilizes a light-curable polymer contained within an expandable balloon to create a patient-conforming intramedullary implant for bone stabilization. The revolutionary, minimally invasive technology is particularly applicable for repair and treatment of patients with osteoporotic and compromised bone. The IlluminOss system is CE-marked and FDA-cleared for a variety of anatomical sites, with further indications pending.

RxVantage

Seed Round in 2009
RxVantage, Inc. develops web-based digital platform that connects healthcare providers to educational resources and experts from life science companies. Its platform solutions include virtual meetings, offsite events, who benefits, sunshine act, and for providers; and video conferencing, mobile app, speaker programs, and for enterprises. The company was founded in 2007 and is based in El Segundo, California.

VCharge

Seed Round in 2011
VCharge, Inc. develops intelligent infrastructure for transactive electric loads for energy management in Maine, Massachusetts, and Pennsylvania. The company offers VNet, a power management platform that coordinates the activities of distributed transactive load assets; SmartBricks and SmartHydro that are asset controllers for electric thermal storage heating systems to handle loads of electric car charging stations and compressed air systems; and VConsole, a Web-based user interface that offers information and control for end users, utilities, and maintenance personnel. The company also serves customers in Germany, North America, Ireland, and the United Kingdom. VCharge, Inc. was founded in 2009 and is based in Providence, Rhode Island. As of February 9, 2017, VCharge, Inc. operates as a subsidiary of OVO Energy Limited.

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.

MoFuse

Seed Round in 2008
Mofuse offers a web based platform to build and manage mobile web sites. They provide a monthly subscription service to help businesses deliver mobile media. MoFuse Premium gives publishers a platform to publish, promote, monetize and analyze their mobile properties.

Swyx Solutions GmbH

Venture Round in 2018
Swyx develops communication software specifically tailored for small to medium sized companies (SMEs). SwyxWare is installed on a Microsoft ® Windows ® Server and brings together the complete communication needs of a company, in a single user interface. The classic telephone system is now redundant - all required communication functions run over your existing IP network, which offers all the advantages of integrated, unified communications (UC) in addition to traditional telephone services. This software approach and the easy expandability of SwyxWare, means that users are prepared for today, but also for the future.

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.

Drive Time Metrics

Seed Round in 2016
Drive Time Metrics, Inc. develops a cloud-based platform for accessing, displaying, and reporting data of the connected cars. The company was incorporated in 2014 and is based in Providence, Rhode Island.

Enhanced Energy Group

Seed Round in 2013
Enhanced Energy Group is an energy technology startup commercializing technologies developed and patented by the Naval Undersea Warfare Center. The company is developing semi-closed cycle generators which capture carbon dioxide generated during the production process for sequestration or productive re-use.

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.

MoFuse

Venture Round in 2012
Mofuse offers a web based platform to build and manage mobile web sites. They provide a monthly subscription service to help businesses deliver mobile media. MoFuse Premium gives publishers a platform to publish, promote, monetize and analyze their mobile properties.

VoltServer Inc.

Seed Round in 2012
VoltServer Inc. manufactures and supplies electrical power distribution products for telecommunications, data centers, renewable energy, and electric vehicles. It offers power transmitters and receivers; and develops a technology for digitization and management of electrical power in discrete packets. The company’s solutions include wireless densification, intelligent building, and indoor agriculture. It serves customers through its industry partners. VoltServer Inc. was incorporated in 2011 and is based in East Greenwich, Rhode Island with an additional office in Basingstoke, United Kingdom.

VCharge

Convertible Note in 2013
VCharge, Inc. develops intelligent infrastructure for transactive electric loads for energy management in Maine, Massachusetts, and Pennsylvania. The company offers VNet, a power management platform that coordinates the activities of distributed transactive load assets; SmartBricks and SmartHydro that are asset controllers for electric thermal storage heating systems to handle loads of electric car charging stations and compressed air systems; and VConsole, a Web-based user interface that offers information and control for end users, utilities, and maintenance personnel. The company also serves customers in Germany, North America, Ireland, and the United Kingdom. VCharge, Inc. was founded in 2009 and is based in Providence, Rhode Island. As of February 9, 2017, VCharge, Inc. operates as a subsidiary of OVO Energy Limited.

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.

Aquanis

Seed Round in 2016
Aquanis' mission is to reduce the cost of wind energy by improving the aerodynamic performance of wind turbines. Our blade-mounted plasma actuators extend the turbine's service life and enable the design of larger, more efficient turbines, by countering unsteady aerodynamic forces.

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.

Andera

Venture Round in 2008
Andera is the leader in integrated online customer acquisition solutions for retail financial institutions. Dedicated to helping banks and credit unions use the Web to drive growth, its suite of products and services includes solutions for marketing, customer acquisition, account opening, funding, and cross-selling. Andera is headquartered in Providence, R.I

Tizra

Pre Seed Round in 2007
Tizra, Inc. provides digital publishing software for content owners to promote, sell, and deliver their digital content direct to readers. It enables clients to offer digital content direct to their audience from within their own website; control what they sell, how they sell it, for how much, and to whom; and make their content easy to find, share, purchase, and consume. The company serves customers ranging from educational, professional, and scholarly to consumer publishers. Tizra, Inc. was founded in 2006 and is based in Providence, Rhode Island.

Tizra

Series A in 2008
Tizra, Inc. provides digital publishing software for content owners to promote, sell, and deliver their digital content direct to readers. It enables clients to offer digital content direct to their audience from within their own website; control what they sell, how they sell it, for how much, and to whom; and make their content easy to find, share, purchase, and consume. The company serves customers ranging from educational, professional, and scholarly to consumer publishers. Tizra, Inc. was founded in 2006 and is based in Providence, Rhode Island.

VoltServer Inc.

Series A in 2013
VoltServer Inc. manufactures and supplies electrical power distribution products for telecommunications, data centers, renewable energy, and electric vehicles. It offers power transmitters and receivers; and develops a technology for digitization and management of electrical power in discrete packets. The company’s solutions include wireless densification, intelligent building, and indoor agriculture. It serves customers through its industry partners. VoltServer Inc. was incorporated in 2011 and is based in East Greenwich, Rhode Island with an additional office in Basingstoke, United Kingdom.