SustainVC

SustainVC, LLC is a venture capital firm focused on early-stage impact investing, established in 2007 and headquartered in Philadelphia, Pennsylvania, with additional offices in Durham, New York, and Boston, Massachusetts. The firm specializes in making market-rate equity investments in various sectors, including climate change and sustainability, healthcare, education, wellness, workforce development, accessibility technology, financial mobility, energy, environment, transportation efficiency, sustainable agriculture, and food systems. SustainVC aims to invest in companies based in North America, particularly those in the early stages of development, typically between series seed and series A, as well as expansion stages. The firm prefers to make investments ranging from $0.25 million to $1 million in companies with revenues between $0.1 million and $5 million, as well as equity investments from $0.5 million to $5 million.

Thomas Balderston

Managing Principal

Kendall Bedford

Associate

Eric Chapman

Managing Principal

Andrew Cousins

Principal

Justin Desrosiers

Managing Principal

Schuyler Lance

Founder and Managing Principal

Sky Lance

Managing Principal

24 past transactions

Honeycomb Credit

Seed Round in 2024
Honeycomb Credit operates an online platform facilitating debt crowdfunding between small business owners and their communities or investors. Incorporated in 2017, the company is headquartered in Pittsburgh, Pennsylvania.

Conservation Labs

Series A in 2024
Conservation Labs is a technology company based in Brownsville, Pennsylvania, founded in 2016. It develops smart water technology to help reduce water waste and detect leaks. Its non-invasive water monitor can be attached to any water pipe and integrates with an application to transmit data on water consumption, potential leaks, and appliance usage. This enables property owners and managers to monitor water use, identify conservation opportunities, and lower operating costs. The company's solutions focus on making water usage transparent and proactive, supporting efficient resource management and cost savings across residential and commercial built environments.

SHARE Mobility

Series A in 2022
SHARE Mobility offers a comprehensive transportation management platform designed to optimize fleet operations and commuter transit services. The platform features real-time vehicle tracking, dynamic routing, customizable rider parameters, scheduling management, compliance reporting, and automated notifications, enabling efficient operations and tailored transit experiences for fleet operators, transit agencies, and organizations managing employee transportation.

Elemeno Health

Series A in 2022
Elemeno Health, Inc. is a healthcare technology company that provides a mobile software platform aimed at reducing medical errors and enhancing patient safety in hospitals and medical centers. Established in 2016 and based in Oakland, California, Elemeno Health offers a team-based medical information platform that acts as a personal assistant for healthcare professionals, empowering them with access to current practices, checklists, and instructional videos. The platform focuses on closing the knowledge-practice gap at the frontlines by delivering context-driven microlearning and transforming complex procedures into manageable steps. Additionally, it incorporates gamification and recognition features to engage staff and facilitate on-demand training for both on-site and remote caregivers. By improving practice consistency and accelerating the adoption of best practices, Elemeno Health has significantly contributed to better healthcare outcomes and operational efficiency in the medical field.

Beem

Seed Round in 2022
Beem is an innovative financial technology company that offers an instant cash app targeted primarily at working-class Americans. By leveraging artificial intelligence, Beem addresses the financial challenges faced by individuals earning below the 80th income percentile, particularly those without access to credit cards or sufficient income to manage cash flow mismatches for everyday expenses. The application enables users to obtain quick cash without interest, significantly easing the financial strain related to essential services, which can cost upwards of $1,400 monthly. Beem aims to integrate various segments of the informal economy into the formal economy, providing financial solutions that benefit a diverse user base, including immigrants, gig workers, and seasonal earners. With plans to expand its impact internationally, Beem is poised to address financial inequities, beginning with efforts in the United States and future initiatives in India.

Upswing International

Series A in 2021
Upswing International operates an online platform that connects students with academic support services. It offers solutions such as AdviseUp for college advisor consultations, MentorUp for non-academic mentoring, and TutorUp for personalized coaching. The platform also provides virtual learning centers and real-time analytics to partner colleges. Incorporated in 2013, Upswing International is headquartered in Austin, Texas.

Solstice

Venture Round in 2021
Solstice facilitates shared solar energy solutions, aggregating consumer demand and connecting households with community solar projects. Founded in 2016, it aims to increase access to affordable renewable energy regardless of income or credit score.

Cecelia Health

Series B in 2020
Cecelia Health, Inc. is a technology-enabled company based in New York that specializes in remote telehealth support and chronic disease management, particularly focusing on diabetes care. Founded in 2006 and formerly known as Fit4D, the company provides clinical support and coaching services for individuals with Type 1 and Type 2 diabetes, as well as those managing other chronic conditions such as obesity and cardiovascular disease. Cecelia Health combines expert clinical coaching with digital health tools to enhance patient adherence to medications and wellness programs. The company's approach emphasizes personalized coaching and patient engagement, utilizing both virtual care and telehealth solutions to improve health outcomes. Through its services, Cecelia Health aims to transform the lives of its patients by fostering better self-management and promoting positive behavior changes.

Yellowdig

Venture Round in 2020
Yellowdig is a technology company founded in 2015 and headquartered in Philadelphia, Pennsylvania. It specializes in developing a social learning platform tailored for higher education institutions. The platform enhances existing enterprise learning systems by adding a social layer that fosters peer learning and collaboration among students. By creating a secure and private environment, Yellowdig promotes engaging learning experiences while enabling instructors and learners to interact effectively. The platform not only facilitates knowledge sharing but also encourages student engagement and retention, ultimately transforming traditional classrooms into vibrant collaborative learning communities.

Reconnect

Seed Round in 2020
Reconnect, Inc. is a Public Benefit Company based in Cumberland Center, Maine, with additional offices in Portland, Maine; Brooklyn, New York; and Boston, Massachusetts. Founded in 2009, the company operates a platform that integrates software, hardware, and data to enhance outcomes for individuals involved in the criminal justice system, particularly those facing addiction. Reconnect focuses on providing ongoing support during pretrial, reentry, and recovery, with its solutions utilized by drug courts, probation, parole, and third-party administrators. The company's monitoring and communication application streamlines remote supervision by offering features such as IVR call-in notifications, GPS curfew checks, and appointment reminders, thereby helping clients meet their obligations and reduce the likelihood of recidivism. Reconnect is committed to promoting positive social impact by advocating for reduced incarceration rates and lower costs for defendants.

Nepris

Series A in 2020
Nepris Inc. is a cloud-based platform that connects educators with industry professionals, enhancing the relevance of curriculum topics for students from K-16 and beyond. Founded in 2013 and based in Austin, Texas, Nepris matches the expertise of industry professionals with specific learning objectives, facilitating virtual interactions that bring real-world experiences into the classroom. The platform enables professionals to engage with students through discussions, project mentoring, virtual tours, mock interviews, and workplace experiences, thereby bridging the gap between education and industry. This innovative approach allows educators to leverage industry connections effectively, fostering engagement and providing students with valuable insights into potential career paths.

MoCaFi

Seed Round in 2020
MoCaFi is a provider of a personal finance platform that uses mobile technology and data analytics to improve financial outcomes for underbanked communities. The platform offers check cashing, custom loans, debit cards, financial literacy resources, and data analytics, delivered through a mobile application and a financial card. It enables users to check balances, cash paychecks, and send money securely at no additional cost. The company focuses on economic inclusion by offering affordable, credit-building financial products designed to help clients build credit and manage everyday finances. The solution combines financial services with education to promote healthier financial behaviors and greater financial resilience.

Embodied Labs

Seed Round in 2020
Embodied Labs is a virtual reality training company based in Los Angeles that develops an immersive platform for professional staff development, caregiver education, and support. The platform provides a growing library of virtual experience labs that simulate key problems and situations faced by older adults and their caregivers, enabling healthcare and related professionals to build skills and empathy while improving outcomes. With a robust data analytics backend, it tracks training performance and guides improvement, supporting transformational cultural change across long-term care, home health, government, non-profit, and academic organizations.

KickUp

Series A in 2019
KickUp develops a SaaS-based analytics platform that helps K-12 organizations differentiate teacher support through data-driven insights. Its platform enables professional learning teams to coordinate efforts, improve decision-making, and track real-time data from surveys to align with district strategic goals.

Ultranauts

Series A in 2019
Ultranauts Inc. is a New York-based company that specializes in software testing services. Founded in 2013 by two MIT engineers, Rajesh Anandan and Art Shectman, Ultranauts leverages the unique skills of individuals on the Autism Spectrum, who often exhibit enhanced capabilities in areas such as pattern recognition, attention to detail, and focus. The company offers a comprehensive range of services, including test strategy and planning, functional testing, device and browser testing, exploratory testing, accessibility testing, and code analytics. By employing a neurodiverse team, Ultranauts aims to demonstrate that autism can provide a competitive advantage in business, enhancing bug detection rates and improving efficiency while reducing costs for clients.

CleanFiber

Venture Round in 2018
CleanFiber, LLC is a manufacturer of cellulose insulation materials designed for use in attics, walls, and floors of both residential and commercial buildings. Founded in 2013 and headquartered in Blasdell, New York, with an additional office in Buffalo, the company specializes in producing high-performance, carbon-negative insulation from recycled corrugated cardboard. This innovative approach not only promotes sustainability but also enables construction companies to build fire-resistant structures while maintaining cost competitiveness. CleanFiber has transitioned from its former name, UltraCell Insulation, LLC, in September 2018, and is currently focused on rapidly scaling up production to meet growing demand in the insulation market.

Edovo

Series A in 2018
Founded in 2014, Edovo specializes in secure tablet technology that provides educational programming and low-cost communication services to individuals in jails and prisons nationwide. Its all-in-one communication and education platform aims to enhance safety within correctional environments, facilitate rehabilitation, and reduce recidivism.

CleanFiber

Venture Round in 2018
CleanFiber, LLC is a manufacturer of cellulose insulation materials designed for use in attics, walls, and floors of both residential and commercial buildings. Founded in 2013 and headquartered in Blasdell, New York, with an additional office in Buffalo, the company specializes in producing high-performance, carbon-negative insulation from recycled corrugated cardboard. This innovative approach not only promotes sustainability but also enables construction companies to build fire-resistant structures while maintaining cost competitiveness. CleanFiber has transitioned from its former name, UltraCell Insulation, LLC, in September 2018, and is currently focused on rapidly scaling up production to meet growing demand in the insulation market.

Querium

Series B in 2017
Querium Corporation, founded in 2013 and based in Austin, Texas, develops a mobile learning software platform focused on enhancing critical STEM skills for students. The company's flagship product, StepWise, delivers personalized and bite-sized lessons through an easy-to-use interface, utilizing a patent-pending expert system that simulates the guidance of a master teacher or tutor. This virtual tutor is available 24/7, providing step-by-step assistance to motivate students in their learning journey. Querium also offers targeted solutions such as the Ace Accuplacer math placement test tool and a mobile-ready review resource for Texas students preparing for the STAAR Algebra I EOC assessment. Additionally, the company provides tools for workforce development, teaching essential math skills through real-world scenarios, and technology solutions for educational publishers. Querium's innovative approach aims to prepare students for college and equip them with the necessary skills for future success in STEM fields.

Board on Track

Seed Round in 2015
BoardOnTrack provides expertise, training, powerful, web-based tools, and a membership community to the foot soldiers in the battle to improve our nation's public school system. The charter school is a multi-million dollar public enterprise. Running it with a group of volunteers is a daunting task. BoardOnTrack helps in leveraging the efforts of volunteer board members into real results: academic excellence and organizational sustainability. It was founded in 2010 and is headquartered in Concord, Massachusetts.

DR2

Pre Seed Round in 2013
DR2, LLC, established in 2012 and headquartered in Williamstown, Massachusetts, specializes in software-as-a-service (SaaS) solutions tailored for the utility industry. The company offers DR-SaaS, a cloud-based platform enabling power companies to provide and manage private-label demand response services for their commercial and industrial customers. Additionally, DR2 provides DR-MassMarket, an integrated software solution for utilities and competitive electric retailers, combining back-office administration with online marketing tools to engage small commercial and residential customers in demand response programs. DR2's core technology, iMPACTâ„¢, employs proprietary database design and Sequential Messaging algorithms to build personalized customer profiles through iterative, bidirectional communications, allowing businesses to deliver targeted value to customers and enhance customer satisfaction.

Aunt Bertha

Seed Round in 2013
Aunt Bertha is a Public Benefit Corporation that operates a social services search and referrals software platform designed to help individuals locate various welfare programs. Founded in 2010 and based in Austin, Texas, the company provides users with access to resources related to food, shelter, healthcare, employment, and financial assistance. The platform facilitates connections between those in need and available support services, streamlining the process of finding and applying for government and charitable programs. Aunt Bertha serves a diverse range of sectors, including healthcare, education, government, and child welfare, effectively reducing the administrative costs associated with social service program management by enabling online applications.

Boston Heart Diagnostics

Series B in 2009
Boston Heart Diagnostics is a healthcare company based in Framingham, Massachusetts, specializing in cardiovascular disease management. The company offers a comprehensive range of laboratory techniques, including gas chromatography, gel electrophoresis, genetic testing, and liquid chromatography. Its proprietary lipid testing technology enables ongoing monitoring of patients' conditions and facilitates the precise selection of effective pharmaceutical treatments for dyslipidemia. Unlike traditional lipid testing methods that focus primarily on initial screenings and may take up to six months to assess treatment efficacy, Boston Heart's approach allows for evaluations within the first six weeks. By combining advanced therapy guidelines and patient support services, Boston Heart Diagnostics aims to provide personalized treatment options that enhance patient health and improve disease management outcomes.

Avancen MOD

Seed Round in 2009
Avancen MOD Corporation is a healthcare technology company based in Mount Pleasant, South Carolina, with engineering and production facilities located in Melbourne, Florida. Founded in 2007, the company specializes in wireless devices designed to improve pain management for hospitalized patients. Its flagship product, the MOD, is a secure wireless patient-controlled analgesia device that allows patients to access prescribed oral pain medication conveniently from their bedside. The MOD device is complemented by MODTrac, a comprehensive database that helps manage pain across various care units and facilities. Additionally, Avancen's Medication on Demand system ensures timely delivery of medications while providing critical information flow essential for patients, caregivers, and administrators. The company distinguishes itself by offering unique devices and supportive IT solutions, positioning itself to capitalize on significant revenue opportunities in the healthcare market.
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