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.

Thorne Sparkman

Managing Director

Past deals in New England

Alcinous Pharmaceuticals

Seed Round in 2020
Alcinous Pharmaceuticals, Inc. specializes in designing and developing therapeutics for cancer treatment. Founded in 2016 and based in Rumford, Rhode Island, the company focuses on creating protein-based therapeutics that target established protein pathways associated with oncology and other medical conditions. By modulating the activity of these protein targets, Alcinous aims to enhance the effectiveness of treatments while minimizing toxicity, ultimately improving patient outcomes.

HappyNest

Seed Round in 2019
HappyNest, Inc. is a laundry service provider that offers a next-day laundry service platform, revolutionizing a traditional industry through technology. Incorporated in 2019 and headquartered in East Greenwich, Rhode Island, with additional offices across several states, HappyNest aims to simplify the laundry experience for consumers who are pressed for time. The company's service allows users to schedule customized pickup and delivery of their laundry, featuring a selection of soaps, bleaches, and softeners tailored to individual preferences. By focusing on convenience and efficiency, HappyNest not only enhances the consumer experience but also provides a streamlined solution for laundromat owners, making on-demand laundry services accessible and economical.

GoPeer

Seed Round in 2019
GoPeer, LLC is an online platform that connects K-12 students with vetted college undergraduates for personalized tutoring services. Founded in 2017 and based in Boston, Massachusetts, the platform offers both in-person and online tutoring in various subjects, including physics, algebra, English, chemistry, and geometry. GoPeer aims to enhance educational quality while reducing costs, providing high-quality one-on-one tutoring at about one-third of the national average price for professional tutoring. The platform simplifies the tutoring experience for students and their parents by facilitating easy connections, scheduling, payments, and progress tracking, thereby supporting student success in academic settings.

Vitae Industries

Venture Round in 2017
Vitae Industries, Inc. is a company that specializes in pharmacy compounding automation products. Founded in 2014 and based in Providence, Rhode Island, it offers innovative solutions, including the AutoCompounder, which efficiently manufactures tablets or gummies, verifies dosages, and performs cleanup tasks. In addition to its automation products, Vitae Industries provides custom pharmaceutical services tailored to meet the specific needs of patients.

Datarista

Seed Round in 2017
Datarista, Inc. is a cloud-based platform that specializes in data-as-a-service, focusing on the delivery and integration of third-party sales and marketing data. Founded in 2015 and headquartered in Narragansett, Rhode Island, Datarista enables customers to seamlessly integrate their sales and marketing data into popular customer relationship management and marketing automation platforms. The platform offers both full and partial file installations, as well as standard and custom data sets tailored to the unique needs of each client, eliminating the need for extensive engineering resources from data providers. By enhancing data velocity and utility, Datarista serves as a service extension for data providers, allowing them to offer comprehensive solutions to their customers.

eNow

Series A in 2016
eNow, Inc. specializes in developing solar energy solutions specifically for the transportation industry. Founded in 2011 and based in Warwick, Rhode Island, the company provides solar photovoltaic panels that harness renewable energy to power a range of auxiliary systems, including refrigeration units, HVAC systems, lift gates, battery chargers, and safety lighting. eNow's proprietary products are designed for medium and heavy-duty trucks, buses, and military vehicles, catering to original equipment manufacturers (OEMs), fleet owners, and individual operators. The company's solar systems also support various applications such as roof de-icing, in-cab climate control, and electronic devices, enabling efficient and sustainable energy use in transportation.

Drive Time Metrics

Seed Round in 2016
Drive Time Metrics, Inc. is a Providence, Rhode Island-based company that specializes in developing a cloud-based platform for analyzing and reporting data from connected vehicles. Established in 2014, the company focuses on providing insights into in-vehicle media consumption, aggregating data from various automotive original equipment manufacturers (OEMs). By leveraging this connected car data, Drive Time Metrics aims to help automotive manufacturers monetize their connected vehicle platforms and create innovative revenue streams. The company's technology offers a comprehensive understanding of in-vehicle listening behaviors, enabling clients to capitalize on emerging opportunities in the automotive sector.

MindImmune

Seed Round in 2016
MindImmune Therapeutics, Inc. is a pharmaceutical company focused on developing innovative drugs that target the immune system to address diseases of the central nervous system, including Alzheimer’s and Huntington’s diseases, as well as pain and psychiatric disorders. Recognizing the critical role of immune system dysfunction in brain health, MindImmune aims to leverage this connection to create effective therapeutic options. Founded in 2016 and headquartered in Kingston, Rhode Island, the company is establishing partnerships with the George & Anne Ryan Institute for Neuroscience at the University of Rhode Island to enhance its research and development efforts. MindImmune is committed to advancing its drug development programs within the growing Rhode Island academic neuroscience ecosystem.

Datarista

Seed Round in 2016
Datarista, Inc. is a cloud-based platform that specializes in data-as-a-service, focusing on the delivery and integration of third-party sales and marketing data. Founded in 2015 and headquartered in Narragansett, Rhode Island, Datarista enables customers to seamlessly integrate their sales and marketing data into popular customer relationship management and marketing automation platforms. The platform offers both full and partial file installations, as well as standard and custom data sets tailored to the unique needs of each client, eliminating the need for extensive engineering resources from data providers. By enhancing data velocity and utility, Datarista serves as a service extension for data providers, allowing them to offer comprehensive solutions to their customers.

VCharge

Convertible Note in 2013
VCharge, Inc. specializes in intelligent infrastructure for energy management, focusing on transactive electric loads that enhance efficiency and reduce costs. The company develops VNet, a power management platform that coordinates distributed transactive load assets, alongside SmartBricks and SmartHydro, which are controllers for electric thermal storage heating systems. These systems manage loads from electric vehicle charging stations and compressed air systems. VCharge also provides VConsole, a web-based interface that offers control and information for users, utilities, and maintenance personnel. By aggregating and monetizing electric loads with embedded storage, VCharge enables energy arbitrage and grid services, significantly lowering energy costs for homeowners. While the technology is more prevalent in Europe, VCharge operates in North America and has established a presence in the UK. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge operates as a subsidiary of OVO Energy Limited.

VoltServer

Series A in 2013
VoltServer Inc. is a company that manufactures and supplies innovative electrical power distribution products, leveraging its patented Digital Electricity technology. This technology enables the delivery of touch-safe electricity through standard data cables, significantly improving the cost, speed, power, distance, efficiency, and flexibility of electrical installations compared to traditional methods. VoltServer's solutions are applicable in various sectors, including telecommunications, data centers, renewable energy, and electric vehicles. The company's products support wireless densification, intelligent buildings, and indoor agriculture. VoltServer began shipping its products in 2015 and has since been deployed in numerous large venues, such as sports stadiums, office buildings, hotels, and medical facilities. Founded in 2011, VoltServer is based in East Greenwich, Rhode Island, with an additional office in Basingstoke, United Kingdom.

VCharge

Seed Round in 2012
VCharge, Inc. specializes in intelligent infrastructure for energy management, focusing on transactive electric loads that enhance efficiency and reduce costs. The company develops VNet, a power management platform that coordinates distributed transactive load assets, alongside SmartBricks and SmartHydro, which are controllers for electric thermal storage heating systems. These systems manage loads from electric vehicle charging stations and compressed air systems. VCharge also provides VConsole, a web-based interface that offers control and information for users, utilities, and maintenance personnel. By aggregating and monetizing electric loads with embedded storage, VCharge enables energy arbitrage and grid services, significantly lowering energy costs for homeowners. While the technology is more prevalent in Europe, VCharge operates in North America and has established a presence in the UK. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge operates as a subsidiary of OVO Energy Limited.

ProThera Biologics

Venture Round in 2012
ProThera Biologics, Inc. is a biotechnology company based in Providence, Rhode Island, founded in 2001 by Dr. Yow-Pin Lim and Dr. Douglas C. Hixson. The company focuses on developing human plasma proteins and therapeutic products that modulate inflammation through natural serine protease inhibitors. ProThera Biologics specializes in inter-alpha inhibitor proteins aimed at treating various inflammatory diseases, including sepsis, cancer, and anthrax intoxication. The company's innovative approach includes the development of integrated theranostic and therapeutic biomolecules that not only address inflammation but also assist in tissue repair, enhancing treatment efficacy for life-threatening conditions. ProThera Biologics has established a strategic partnership with ProMetic Life Sciences Inc. to further advance its research and product development.

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.

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.

Cadent Therapeutics

Series A in 2012
Cadent Therapeutics is a precision neuroscience company based in Cambridge, Massachusetts, founded in 2010. The company specializes in developing innovative allosteric modulators of ion channels, particularly targeting the NMDA receptor, to address a range of neurological and psychiatric disorders. Its research includes subunit-selective modulators aimed at treating conditions such as depression, schizophrenia, Rett syndrome, and other autism spectrum disorders. By focusing on drug design and optimization, patient selection, and quantitative endpoints, Cadent Therapeutics seeks to create first-in-class therapeutics that can restore cognitive and motor function in patients suffering from serious neurological diseases.

VCharge

Seed Round in 2011
VCharge, Inc. specializes in intelligent infrastructure for energy management, focusing on transactive electric loads that enhance efficiency and reduce costs. The company develops VNet, a power management platform that coordinates distributed transactive load assets, alongside SmartBricks and SmartHydro, which are controllers for electric thermal storage heating systems. These systems manage loads from electric vehicle charging stations and compressed air systems. VCharge also provides VConsole, a web-based interface that offers control and information for users, utilities, and maintenance personnel. By aggregating and monetizing electric loads with embedded storage, VCharge enables energy arbitrage and grid services, significantly lowering energy costs for homeowners. While the technology is more prevalent in Europe, VCharge operates in North America and has established a presence in the UK. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge operates as a subsidiary of OVO Energy Limited.

VCharge

Seed Round in 2011
VCharge, Inc. specializes in intelligent infrastructure for energy management, focusing on transactive electric loads that enhance efficiency and reduce costs. The company develops VNet, a power management platform that coordinates distributed transactive load assets, alongside SmartBricks and SmartHydro, which are controllers for electric thermal storage heating systems. These systems manage loads from electric vehicle charging stations and compressed air systems. VCharge also provides VConsole, a web-based interface that offers control and information for users, utilities, and maintenance personnel. By aggregating and monetizing electric loads with embedded storage, VCharge enables energy arbitrage and grid services, significantly lowering energy costs for homeowners. While the technology is more prevalent in Europe, VCharge operates in North America and has established a presence in the UK. Founded in 2009 and headquartered in Providence, Rhode Island, VCharge operates as a subsidiary of OVO Energy Limited.

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.

Cadent Therapeutics

Seed Round in 2010
Cadent Therapeutics is a precision neuroscience company based in Cambridge, Massachusetts, founded in 2010. The company specializes in developing innovative allosteric modulators of ion channels, particularly targeting the NMDA receptor, to address a range of neurological and psychiatric disorders. Its research includes subunit-selective modulators aimed at treating conditions such as depression, schizophrenia, Rett syndrome, and other autism spectrum disorders. By focusing on drug design and optimization, patient selection, and quantitative endpoints, Cadent Therapeutics seeks to create first-in-class therapeutics that can restore cognitive and motor function in patients suffering from serious neurological diseases.

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.

Nabsys

Series A in 2009
Nabsys is a biotechnology company founded in 2004 and based in Providence, Rhode Island, specializing in semiconductor-based tools for genomic analysis. The company has developed an electronic mapping platform that utilizes solid-state nano-detectors to analyze entire genomes in large fragments, exceeding 100,000 base pairs, at high velocities of over 1 million base pairs per second. This technology enables scientists to efficiently examine structural variations and the assembly of genomes, facilitating the confirmation of genetic variants. Nabsys has received recognition for its innovative approach, including a "1000 Genome" award from the National Human Genome Research Institute, highlighting its contribution to the field of DNA analysis.

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. specializes in digital publishing software that allows content owners to effectively promote, sell, and deliver their digital materials directly to readers. Founded in 2006 and based in Providence, Rhode Island, Tizra's platform empowers clients to manage their content sales, control pricing, and target specific audiences from their own websites. The company caters to a diverse range of customers, including educational, professional, scholarly, and consumer publishers, helping them enhance revenue, engage users, and streamline the accessibility of their digital products. Tizra's services enable businesses to test new offerings, gather insights, and foster relationships with their audience, ultimately simplifying the process of finding, sharing, and consuming digital content.

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. specializes in digital publishing software that allows content owners to effectively promote, sell, and deliver their digital materials directly to readers. Founded in 2006 and based in Providence, Rhode Island, Tizra's platform empowers clients to manage their content sales, control pricing, and target specific audiences from their own websites. The company caters to a diverse range of customers, including educational, professional, scholarly, and consumer publishers, helping them enhance revenue, engage users, and streamline the accessibility of their digital products. Tizra's services enable businesses to test new offerings, gather insights, and foster relationships with their audience, ultimately simplifying the process of finding, sharing, and consuming digital content.

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 the development of computational immunology tools to enhance immunotherapeutics. Based in Providence, Rhode Island, EpiVax provides a range of services including interactive protein screening, immunogenicity predictions for antibodies, and risk assessments of host cell protein contaminants. The company's offerings include high-throughput antibody immunogenicity reports, deimmunization solutions to mitigate immunogenic risks in protein therapeutics, and lab-based services such as HLA binding assays and T cell assays. Additionally, EpiVax is involved in the development of Tregitopes, which are sequences within monoclonal antibodies that activate regulatory T cells, as well as various epitope-based vaccines targeting diseases like smallpox and influenza. Founded in 1998, EpiVax leverages a blend of collaborative and internal programs to advance the field of immunology and provide safer immunotherapeutic options.
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