Novitas Capital

Novitas Capital is a venture capital firm based in Wayne, Pennsylvania, with additional offices in Pittsburgh, Pennsylvania, Allendale, New Jersey, and Morgantown, West Virginia. Founded in 1997, the firm specializes in seed, start-up, and early-stage investments primarily in technology and life science sectors. Novitas Capital focuses on identifying and nurturing innovative companies that demonstrate strong intellectual capital, proven leadership, and unique market positioning. With a commitment to supporting the growth and value creation of its portfolio, Novitas typically leads investment rounds and plays an active role in the success of its approximately 30 active portfolio companies. Over more than a decade of operation, Novitas has developed a robust investment philosophy and strong partner relationships, successfully generating returns in a landscape where funding for early-stage ventures is often limited. The firm currently manages around $237 million across three venture funds.

Michael G. Bolton

Managing Director

42 past transactions

Cernostics

Venture Round in 2016
Cernostics is a life science company developing new molecular diagnostic tests for the fight against cancer. Most current diagnostic approaches offer a limited view of cancer because they fail to evaluate the tumor as a system composed of multiple cell types, not merely tumor cells. Its patent-protected technology platform, TissueCypher, uniquely analyzes whole slide digital images with multiplexed fluorescence, providing greater information and accuracy than traditional subjective tissue diagnostics.

Cernostics

Series B in 2013
Cernostics is a life science company developing new molecular diagnostic tests for the fight against cancer. Most current diagnostic approaches offer a limited view of cancer because they fail to evaluate the tumor as a system composed of multiple cell types, not merely tumor cells. Its patent-protected technology platform, TissueCypher, uniquely analyzes whole slide digital images with multiplexed fluorescence, providing greater information and accuracy than traditional subjective tissue diagnostics.

Cernostics

Venture Round in 2013
Cernostics is a life science company developing new molecular diagnostic tests for the fight against cancer. Most current diagnostic approaches offer a limited view of cancer because they fail to evaluate the tumor as a system composed of multiple cell types, not merely tumor cells. Its patent-protected technology platform, TissueCypher, uniquely analyzes whole slide digital images with multiplexed fluorescence, providing greater information and accuracy than traditional subjective tissue diagnostics.

LifeShield

Venture Round in 2011
LifeShield is the first national, professional grade and professionally monitored wireless security system that provides superior protection and the best value in home security. Other home security systems typically fall into two categories: cheap and ineffective or expensive and one-dimensional. Customers are fooled into thinking they are protected, but many burglars can actually defeat these cheap systems in under 30 seconds. And traditional alarm system companies charge thousands of dollars to put sensors on first floor windows and doors, and even more on bedroom windows and upstairs entry points. Most people simply can't afford what they really need. With LifeShield customers get better protection, reliability, and superior control compared to traditional analog-based security systems. Plus, LifeShield was one of the first to provide remote access to your home security system. With LifeShield, you have always been able to log into your system from anywhere in the world for free. Some of the other systems are finally able to offer you this same type of access, but you'll pay for it. They'll add an extra cost to your monthly monitoring payments. And with LifeShield you can access your system even more easily with apps for iPhone, Blackberry, and Android. Look for our iPod application launch coming in July. We make home protection easy and convenient. Specialties Home Security, Home Automation, Alarm Systems, Security System Installation, Home security systems

Nistica

Series D in 2011
Nistica, Inc. specializes in the development and manufacturing of optical networking modules designed to enhance the delivery of high-bandwidth applications. The company offers a range of products, including reconfigurable optical add/drop multiplexer (ROADM) subsystems, low port-count wavelength selective switch modules, wave blocker arrays with optical programmability, and high port-count series products. Its FLEXBOX, a disaggregated ROADM node, is tailored for software-defined networks, while the company's ROADM linecards support various optical networking needs. Founded in 2005 and based in Bridgewater, New Jersey, Nistica serves optical system original equipment manufacturers (OEMs) both domestically and internationally, aiming to automate and simplify the optical network infrastructure. In 2012, Nistica was acquired by Molex Optical Solutions Group.

TetraLogic Pharmaceuticals

Series C in 2011
TetraLogic Pharmaceuticals is a privately held biopharmaceutical company that discovers and develops small molecule drugs that modulate programmed cell death pathways to treat debilitating diseases and conditions. The company's Smac Mimetics neutralize critical blocks in the apoptosis pathway to selectively destroy cancer cells. Its Necrostatin drugs block critical steps in the process leading to necrosis, enabling cell survival in a wide range of diseases and injuries where necrosis is a critical component of pathology.

Agile Therapeutics

Series B in 2010
Agile Therapeutics is a women's healthcare company dedicated to addressing the unmet health needs of women through the development and commercialization of prescription contraceptive products. The company's lead product, Twirla, is a once-weekly transdermal patch that delivers a combination of levonorgestrel and ethinylestradiol, providing a non-daily contraceptive option. In addition to Twirla, Agile Therapeutics is advancing a pipeline of related products, including various regimens designed to offer customizable menstrual cycle management options, such as AG200-ER for extended cycles and AG200-SP for lighter periods. The firm's proprietary Skinfusion technology facilitates effective drug delivery through the skin. Headquartered in Princeton, New Jersey, Agile Therapeutics aims to enhance women's reproductive health by providing innovative contraceptive solutions.

Cernostics

Series A in 2010
Cernostics is a life science company developing new molecular diagnostic tests for the fight against cancer. Most current diagnostic approaches offer a limited view of cancer because they fail to evaluate the tumor as a system composed of multiple cell types, not merely tumor cells. Its patent-protected technology platform, TissueCypher, uniquely analyzes whole slide digital images with multiplexed fluorescence, providing greater information and accuracy than traditional subjective tissue diagnostics.

Logical Therapeutics

Series C in 2010
Logical Therapeutics, Inc., a biopharmaceutical company, engages in the development of drugs to treat diseases caused by or associated with excessive inflammation. Its products include LT-NS001, a non-steroidal anti-inflammatory drug for the treatment of chronic inflammatory conditions, such as osteoarthritis; Leptin, a hormone for the regulation of normal body mass and metabolism; and TNF, a hormone that promotes the proliferation of hepatocytes. The company was founded in 2005 and is based in Waltham, Massachusetts.

Nistica

Series C in 2010
Nistica, Inc. specializes in the development and manufacturing of optical networking modules designed to enhance the delivery of high-bandwidth applications. The company offers a range of products, including reconfigurable optical add/drop multiplexer (ROADM) subsystems, low port-count wavelength selective switch modules, wave blocker arrays with optical programmability, and high port-count series products. Its FLEXBOX, a disaggregated ROADM node, is tailored for software-defined networks, while the company's ROADM linecards support various optical networking needs. Founded in 2005 and based in Bridgewater, New Jersey, Nistica serves optical system original equipment manufacturers (OEMs) both domestically and internationally, aiming to automate and simplify the optical network infrastructure. In 2012, Nistica was acquired by Molex Optical Solutions Group.

BPL Global

Venture Round in 2009
BPL Global provides electric utilities with a suite of smart grid solutions that support advanced distribution automation from substations through customer premises. Our solutions collaborate across the grid, helping utilities increase efficiency and reliability to improve their financial, operational and environmental performance. BPLG combines our experience in applying smart grid solutions with our market-leading technology to successfully serve leading utilities.

ClickEquations

Venture Round in 2009
ClickEquations offers a comprehensive pay-per-click software platform designed to help advertisers and agencies efficiently manage extensive paid search campaigns. The platform integrates access to campaigns across major search engines such as Google, Yahoo!, and MSN within a single web interface. It features tools for bid management, campaign editing, and detailed reporting. Additionally, ClickEquations provides an advanced Excel plug-in known as ClickEquations Analyst, which enhances analytical capabilities by offering customizable and shareable reports and dashboards. The platform's services also include browser-based reporting, metric analysis, and the ability to manually adjust bids through defined rules, making it a versatile solution for search professionals.

BPL Global

Venture Round in 2008
BPL Global provides electric utilities with a suite of smart grid solutions that support advanced distribution automation from substations through customer premises. Our solutions collaborate across the grid, helping utilities increase efficiency and reliability to improve their financial, operational and environmental performance. BPLG combines our experience in applying smart grid solutions with our market-leading technology to successfully serve leading utilities.

TOA Technologies

Series C in 2008
TOA Technologies offers cloud-based field service management software designed for businesses operating in various sectors, including telecommunications, utilities, healthcare, and retail. Their primary product, ETAdirect, utilizes a patented time-based predictive analytics platform to optimize mobile field service operations. This software learns from individual employee performance to identify patterns and predict the most efficient routes based on real-time data. By effectively communicating updates to consumers throughout the service process, ETAdirect enhances operational efficiency, reduces customer wait times, and increases overall productivity for field service teams.

Nistica

Series B in 2008
Nistica, Inc. specializes in the development and manufacturing of optical networking modules designed to enhance the delivery of high-bandwidth applications. The company offers a range of products, including reconfigurable optical add/drop multiplexer (ROADM) subsystems, low port-count wavelength selective switch modules, wave blocker arrays with optical programmability, and high port-count series products. Its FLEXBOX, a disaggregated ROADM node, is tailored for software-defined networks, while the company's ROADM linecards support various optical networking needs. Founded in 2005 and based in Bridgewater, New Jersey, Nistica serves optical system original equipment manufacturers (OEMs) both domestically and internationally, aiming to automate and simplify the optical network infrastructure. In 2012, Nistica was acquired by Molex Optical Solutions Group.

Cellumen

Series B in 2007
Cellumen is the innovator in cellular systems biology (CSB™) solutions providing the most accurate predictions of drug efficacy and safety, thus reducing failure rates and cutting development costs. Cellumen’s CSB solutions are driving Discovery Toxicology by addressing the full complexity of disease and safety. Leading global organizations, such as the Mayo Clinic, Hamamatsu Photonics K.K., the EPA, FDA, NIH and top pharmaceutical companies, partner with Cellumen. Cellumen is a partner company of Safeguard Scientifics.

Logical Therapeutics

Series B in 2007
Logical Therapeutics, Inc., a biopharmaceutical company, engages in the development of drugs to treat diseases caused by or associated with excessive inflammation. Its products include LT-NS001, a non-steroidal anti-inflammatory drug for the treatment of chronic inflammatory conditions, such as osteoarthritis; Leptin, a hormone for the regulation of normal body mass and metabolism; and TNF, a hormone that promotes the proliferation of hepatocytes. The company was founded in 2005 and is based in Waltham, Massachusetts.

E-Duction

Series B in 2007
E-Duction is at the forefront of the evolving payment industry – paying for goods and services via payroll deduction. The current advent of consumerism is creating demand for more complex payroll deduction products, including variable and dynamic products in which the deduction/payment amount may change each month. E-Duction's transaction processing capabilities make possible a wide range of profitable, consumer-friendly payroll deduction-based services which meet the key demands of today's large and small employers alike.

BPL Global

Series C in 2007
BPL Global provides electric utilities with a suite of smart grid solutions that support advanced distribution automation from substations through customer premises. Our solutions collaborate across the grid, helping utilities increase efficiency and reliability to improve their financial, operational and environmental performance. BPLG combines our experience in applying smart grid solutions with our market-leading technology to successfully serve leading utilities.

Ventaira Pharmaceuticals

Series C in 2005
Ventaira Pharmaceuticals is an emerging specialty pharmaceutical company focused on the development of new inhalation products by utilizing its novel proprietary electrohydrodynamic (EHD) aerosolization and formulation technologies.

Renal Solutions

Series B in 2005
Renal Solutions is a company based in Warrendale, Pennsylvania, that specializes in the development of dialysis products and services. Founded in 2000 and acquired by Fresenius Medical Care in 2007, the company focuses on creating integrated medical devices for sorbent hemodialysis treatment. These devices provide a clinical care model tailored for patients with chronic and acute kidney failure, allowing healthcare practitioners to offer flexible and convenient treatment options. Renal Solutions aims to enhance renal care through innovative sorbent-based dialysis technologies.

LifeShield

Series A in 2004
LifeShield is the first national, professional grade and professionally monitored wireless security system that provides superior protection and the best value in home security. Other home security systems typically fall into two categories: cheap and ineffective or expensive and one-dimensional. Customers are fooled into thinking they are protected, but many burglars can actually defeat these cheap systems in under 30 seconds. And traditional alarm system companies charge thousands of dollars to put sensors on first floor windows and doors, and even more on bedroom windows and upstairs entry points. Most people simply can't afford what they really need. With LifeShield customers get better protection, reliability, and superior control compared to traditional analog-based security systems. Plus, LifeShield was one of the first to provide remote access to your home security system. With LifeShield, you have always been able to log into your system from anywhere in the world for free. Some of the other systems are finally able to offer you this same type of access, but you'll pay for it. They'll add an extra cost to your monthly monitoring payments. And with LifeShield you can access your system even more easily with apps for iPhone, Blackberry, and Android. Look for our iPod application launch coming in July. We make home protection easy and convenient. Specialties Home Security, Home Automation, Alarm Systems, Security System Installation, Home security systems

The Haley Enterprise

Series A in 2004
The Haley Enterprise is the recognized global leader in rule-based programming as well as a leading expert in automating managed knowledge within business solutions. The Haley Enterprise empowers business people to express, access, and maintain their business knowledge, best practices, and policies in plain English sentences. Haley's AI embeds these sentences within and integrates them with other information technology (IT) to automate their knowledge - without a software development cycle. Solutions from The Haley Enterprise operate on the full gamut of CPUs, from mainframes to hand-helds. With these capabilities, The Haley Enterprise offers businesses increased agility and reliability while at the same time improving profitability. Software from The Haley Enterprise is embedded in a variety of commercial software packages and applications by many of the world's largest companies. Haley's solutions are used broadly in customer relationship management (CRM) throughout the financial services sector, in telecommunications, and other industries.

WorldAware

Series C in 2004
WorldAware, Inc. is a provider of risk management solutions catering to multinational organizations in the United States and globally. The company offers a comprehensive suite of services, including integrated risk management programs, travel risk management solutions, and executive decision support. Its offerings encompass benchmarking, data consulting, automated risk monitoring, and online intelligence tools designed to help clients identify and mitigate threats. Additionally, WorldAware specializes in health intelligence solutions, global medical assistance, and emergency response services to safeguard personnel health. The company also provides mobile applications to enhance communication and support during travel. Founded in 1999 and headquartered in Annapolis, Maryland, WorldAware has expanded its presence internationally with offices in London, Singapore, Japan, India, and Germany. Formerly known as iJET International, Inc., the company rebranded to WorldAware in June 2018 and operates as a subsidiary of Crisis24.

SpeechVantage

Venture Round in 2002
Speechvantage develops and markets speech recognition and text-to-speech solutions.

EZ Prints

Venture Round in 2002
ezprints, Inc. operates as a private-label digital imaging solutions company. Its products include custom photo products like photo mugs greeting cards, personal photo creations, frames and albums, calendars, sports products, and digital products. The company serves consumer, retail, digital content, professional, and real estate verticals in the United States and Europe. ezprints, Inc. was founded in 1998 and is based in Norcross, Georgia.

WorldAware

Series B in 2001
WorldAware, Inc. is a provider of risk management solutions catering to multinational organizations in the United States and globally. The company offers a comprehensive suite of services, including integrated risk management programs, travel risk management solutions, and executive decision support. Its offerings encompass benchmarking, data consulting, automated risk monitoring, and online intelligence tools designed to help clients identify and mitigate threats. Additionally, WorldAware specializes in health intelligence solutions, global medical assistance, and emergency response services to safeguard personnel health. The company also provides mobile applications to enhance communication and support during travel. Founded in 1999 and headquartered in Annapolis, Maryland, WorldAware has expanded its presence internationally with offices in London, Singapore, Japan, India, and Germany. Formerly known as iJET International, Inc., the company rebranded to WorldAware in June 2018 and operates as a subsidiary of Crisis24.

Wine Access

Venture Round in 2000
Wine Access is an online retailer specializing in high-quality wines sourced from family-owned estates and renowned winemakers. The company offers a diverse selection of premium wines, including Billecart-Salmon champagne and various red and fruit-flavored wines, all carefully curated by a Master of Wine and Master Sommelier. Each wine undergoes a rigorous screening process to ensure it meets exceptional standards of quality and provenance. Wine Access guarantees that every bottle is controlled from the winery to the customer's door, providing an assurance of quality and authenticity in every purchase.

eonDigital

Venture Round in 2000
eonDigital provides a web-based application which presents an intuitive environment for workgroup collaboration, project control, content management, digital rights protection and customized, on-demand publishing.

Internet Publishing Group

Venture Round in 2000
Internet Publishing Group specializes in providing content services aimed at the B2B market. The company delivers specialized market news and analysis to enhance the effectiveness of B2B websites. Its offerings include timely pricing data, in-depth news reports, expert analysis, and professional research, enabling clients to access high-quality information through various channels.

Magic Bean Stalk

Series A in 2000
MagicBeanStalk helps the startup community find information, conduct transactions, and communicate more easily, bringing greater efficiency, reduced costs and faster growth to startups everywhere. In just a few short months, you'll be able to sift through profiles of the fastest growing Internet and high-tech startups across the globe, connect with service providers, participate in online discussions with industry leaders and share valuable information about your startup experience.

iGrandparents.com

Series A in 2000
iGrandparents.com is an online community platform dedicated to enhancing the relationships between grandparents and their grandchildren. The platform serves as a comprehensive resource, providing information and facilitating interaction on a variety of grandparenting topics. It addresses both serious issues, such as grandparent visitation rights and discipline during visits, as well as lighter subjects, including travel ideas, game suggestions, and gift selection for birthdays. By offering a rich array of features and content, iGrandparents.com aims to support and enrich the lives of both grandparents and their grandchildren, fostering stronger familial connections.

Doctor Quality

Series B in 2000
The mission of DoctorQuality.com is to help the healthcare community, purchasers, and consumers to benefit from the highest quality healthcare available. DoctorQuality.com is the world's first Quality Benefits Management company (QBM). As a QBM company, DoctorQuality.com is positioned to take advantage of the growing "business case" for quality in healthcare. The premise of quality benefits management is that selecting and improving clinical quality is in the best economic interests for all key stakeholders in the healthcare industry. With quality benefits management, the marketplace will reward those that pursue the "quality" strategy. In defining this new market of quality benefits management, DoctorQuality.com has been created as an Internet-based company focusing on the business case for quality and providing an integrated suite of products and services to measure, select, pay for, and improve the quality of care.

Investor Broadcast Network

Venture Round in 2000
Investor Broadcast Network are Internet broadcaster of real-time investment information and analysis.

MedCases

Series A in 2000
MedCases focuses on the development of medical e-learning solutions for the pharmaceutical and biotechnology industry. MedCases offers ADHD Point of Care CME Program that focuses on educating physicians on the diagnosis and treatment of attention-deficit hyperactivity disorder. MedCases was acquired by Indegene Lifesystems in November 2006. MedCases was founded in 1971 and is based in Princeton, New Jersey.

Gazelle Systems

Series B in 2000
Gazelle Systems is defining the value of technology in the hospitality industry by bringing valuable information about customers to the front of the house and at the point of sale. The Gazelle team brings decades of hands-on experience to its mission and is skilled in all facets of the restaurant business - from operations and IT, to marketing and management.

EZ Prints

Venture Round in 2000
ezprints, Inc. operates as a private-label digital imaging solutions company. Its products include custom photo products like photo mugs greeting cards, personal photo creations, frames and albums, calendars, sports products, and digital products. The company serves consumer, retail, digital content, professional, and real estate verticals in the United States and Europe. ezprints, Inc. was founded in 1998 and is based in Norcross, Georgia.

iMedium

Series B in 2000
IMedium, Inc. develops an Application Service Provider (ASP) that enables the delivery of highly visual, intuitive Web interactions to business customers, future clients and trading partners.

Half.com

Venture Round in 2000
Half.com is an online marketplace that facilitates person-to-person transactions, allowing individuals to buy and sell previously-owned goods at significant discounts, typically at least half off the list price. Founded in 1999 by Josh Kopelman and Sunny Balijepalli, the platform gained attention for its unique marketing strategy, including a notable promotion in which it paid the town of Halfway, Oregon, to temporarily rename itself "Half.com, Oregon." In June 2000, Half.com was acquired by eBay, further expanding its reach in the e-commerce sector. The platform is designed to provide an organized environment for users to engage in transactions, promoting affordability and accessibility in the marketplace.
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