Sopris Capital Associates

Sopris Capital Associates, LLC is a venture capital firm founded in 2002 and based in Aspen, Colorado, with an additional office in Greenwich, Connecticut. The firm specializes in seed, early, mid, late, and emerging growth stage investments, targeting small and emerging companies primarily in the healthcare and technology-enabled service sectors. Sopris Capital invests in a variety of areas, including information technology, communications, healthcare services, and software solutions, both in the United States and Canada. Typically, the firm invests between $1 million and $5 million in preferred equity and seeks board representation in its portfolio companies. In addition to equity, Sopris Capital also invests in debt and hybrid securities, focusing on providing growth capital to exceptional businesses in its targeted industries.

Mark Groner

Partner

Andrew Paul

CEO and Founder

Taylor Paul

Senior Associate

Vickram Pradhan

Associate

Abinav Sankar

Partner

Jason Smith

Partner - Private Equity

50 past transactions

The WiTT Group

Seed Round in 2024
The WiTT Group focuses on resolving the non-clinical (financial and non-financial) issues that patients confront throughout treatment.

ProofPilot

Series C in 2024
ProofPilot, Inc. operates a Software as a Service platform that facilitates the creation and management of research studies online. Founded in 2014 and headquartered in New York, the platform enables users to design randomized cohort studies with various arms, incorporating both online and offline activities. Users can build surveys, identify tests, set measurement intervals, and manage incentives. The platform supports participant recruitment, data collection with security measures, and provides reminders for participation. Additionally, it offers statistical analysis and graphing tools for data reporting. ProofPilot serves a diverse range of sectors, including academia, pharmaceuticals, healthcare, government, and consumer goods, helping researchers evaluate behavior changes, healthcare treatments, and other initiatives. The platform aims to simplify the research process, making it as easy as managing a blog post while reducing costs and increasing efficiency.

Bitcoin Depot

Post in 2024
Bitcoin Depot is an INC 5000 company, that stands as the fastest-growing multi-cryptocurrency ATM Network. The company specialises in seamless transactions, it empowers users with the capability to effortlessly buy and sell various cryptocurrencies. The company's exponential growth solidifies its position in the evolving cryptocurrency landscape.

AlensiaXR

Series A in 2024
AlensiaXR, is a technology startup founded by Case Western Reserve University (CWRU) to enhance HoloAnatomy software.

DeLorean Artificial Intelligence

Series A in 2023
DeLorean Artificial Intelligence is a company focused on developing advanced artificial intelligence products for healthcare and sales. Its Medical AI product predicts disease onset, transitions, and next best actions to improve patient health outcomes. This system is the first of its kind to be biologically validated and has been implemented at scale, impacting approximately 50% of renal patients in the United States and processing data from 45 million patients. The Medical AI solution has demonstrated significant cost savings, averaging $100 per member per month. In addition, DeLorean AI offers a Sales AI product tailored for both B2B and B2C markets, which is currently utilized by Fortune 500 companies. The company's business model operates on an AI as a Service framework, enabling organizations to leverage its predictive capabilities for various applications.

Clinetic

Series A in 2023
Clinetic is a health software and technology company focused on enhancing the capabilities of electronic health record systems for clinical research and evidence generation. The company develops innovative solutions aimed at modernizing healthcare delivery and improving the efficiency of clinical research. By leveraging advanced technology, Clinetic enables researchers in life sciences, pharmaceuticals, medical devices, and health systems to access critical information related to clinical surveillance activities, ultimately facilitating better research outcomes and new care delivery models.

PaxeraHealth

Series A in 2022
PaxeraHealth is a provider of an advanced medical imaging platform that utilizes artificial intelligence to enhance the accuracy and efficiency of healthcare diagnostics. The company offers innovative products, including a Picture Archiving and Communication System (PACS) and a Vendor Neutral Archive (VNA), which facilitate the storage and management of medical images. Their PaxeraUltima360 platform enables clinicians to make informed decisions through multi-ology and multi-site readings, accessible from any browser or mobile device. This platform features a patient-centric storage infrastructure compatible with various data formats and integrates seamlessly with Radiology Information Systems (RIS) and Electronic Medical Records (EMR). Additionally, PaxeraHealth's solutions aim to improve communication among healthcare providers, promote interoperability, and support cost-effective image sharing, ultimately enhancing patient engagement and satisfaction.

Mindful Care

Series B in 2022
Mindful Care is a pioneering mental health company that provides same-day urgent psychiatry and therapy services, making mental health care accessible and timely. Founded in 2018 by Tamir Aldad and based in West Hempstead, New York, Mindful Care aims to address the national mental health crisis by offering treatment for various mental and behavioral health conditions, including anxiety, depression, and addiction. The company utilizes innovative technology to eliminate long wait times for patients, allowing them to receive care both in-person and virtually. All services are covered by insurance, including Medicare and Medicaid, ensuring affordability for a broad range of patients. Through a thorough pre-screening, assessment, and evaluation process, Mindful Care delivers efficient mental health services to both insured and cash-paying clients on the same day.

GRIPNR

Seed Round in 2022
Gripnr is a Web3 technology company bringing tabletop games to the blockchain.

ProofPilot

Series B in 2022
ProofPilot, Inc. operates a Software as a Service platform that facilitates the creation and management of research studies online. Founded in 2014 and headquartered in New York, the platform enables users to design randomized cohort studies with various arms, incorporating both online and offline activities. Users can build surveys, identify tests, set measurement intervals, and manage incentives. The platform supports participant recruitment, data collection with security measures, and provides reminders for participation. Additionally, it offers statistical analysis and graphing tools for data reporting. ProofPilot serves a diverse range of sectors, including academia, pharmaceuticals, healthcare, government, and consumer goods, helping researchers evaluate behavior changes, healthcare treatments, and other initiatives. The platform aims to simplify the research process, making it as easy as managing a blog post while reducing costs and increasing efficiency.

Azra AI

Pre Seed Round in 2022
Azra AI operates an oncology workflow automation platform designed to enhance the care experience and outcomes for cancer patients. The platform efficiently analyzes, identifies, and classifies oncology patients, enabling healthcare providers to quickly triage those in need of treatment and follow-up care. By disrupting manual and repetitive processes in healthcare, Azra AI's technology facilitates real-time identification of positive cancer diagnoses and incidental findings. It classifies these diagnoses by their primary site and directs patients to cancer navigators, ultimately allowing medical practitioners to reduce time to treatment and increase the engagement between navigators and patients.

Wellnecity

Series A in 2022
Wellnecity is a healthcare technology company focused on transforming the interaction between employers and employees in the healthcare sector. By developing a health plan management platform, Wellnecity aims to reduce the cost and complexity associated with self-funded health plans. The platform utilizes machine learning and blockchain technology to analyze population health, patient data, and financial insights, thereby facilitating connections with healthcare providers. This innovative approach enables self-insured employers to access vital health benefits data, manage their costs effectively, and enhance clinical outcomes for their employees. Wellnecity's emphasis on actionable data positions it as a valuable partner for organizations seeking to improve healthcare delivery and outcomes.

Mindful Care

Series A in 2021
Mindful Care is a pioneering mental health company that provides same-day urgent psychiatry and therapy services, making mental health care accessible and timely. Founded in 2018 by Tamir Aldad and based in West Hempstead, New York, Mindful Care aims to address the national mental health crisis by offering treatment for various mental and behavioral health conditions, including anxiety, depression, and addiction. The company utilizes innovative technology to eliminate long wait times for patients, allowing them to receive care both in-person and virtually. All services are covered by insurance, including Medicare and Medicaid, ensuring affordability for a broad range of patients. Through a thorough pre-screening, assessment, and evaluation process, Mindful Care delivers efficient mental health services to both insured and cash-paying clients on the same day.

SymphonyCare

Venture Round in 2021
SymphonyCare provides a modern, cloud-based health data ecosystem to health provider systems and health plans seeking a cost-effective approach to optimize value-based care programs. The approach overcomes the barriers associated with multiple diverse data silos and manual reporting processes by creating a “single source of truth” with advanced analytics capabilities. Integrated applications, supplied as part of the SymphonyCare solution or by others, are then used to drive specific use cases, including patient engagement through a unified Digital Front Door, virtual care, population stratification, care management workflows, and both financial and care quality analysis.

Authenticx

Series A in 2021
Authenticx, Inc. is a software company that specializes in analyzing and activating customer interaction data for the healthcare industry. Founded in 2018 and headquartered in Indianapolis, Indiana, the company offers a platform that consolidates various customer interactions, including data from call centers, texts, chats, and emails, into a unified source of information. This platform enables healthcare organizations to gain insights into customer needs, preferences, and satisfaction levels, facilitating informed decision-making. By organizing and structuring conversational data through a customizable dashboard, Authenticx helps healthcare providers enhance their revenue strategies and improve overall profitability.

Gallus Medical Detox Centers

Venture Round in 2021
Gallus Medical Detox Centers specializes in customized medical detox programs for individuals struggling with alcohol and substance use disorders. The organization employs its proprietary Gallus Method, which focuses on ensuring patient comfort and alleviating withdrawal symptoms during the detoxification process. Gallus offers intravenous therapy as part of its detoxification services, facilitating a safe and effective withdrawal from substances without the risk of cross-addiction to alternatives like methadone or suboxone. Through its comprehensive approach, Gallus aims to provide a supportive environment for patients seeking to overcome their addictions.

RazorMetrics

Series A in 2021
RazorMetrics is an Austin-based company that specializes in pharmacy cost containment solutions aimed at reducing drug expenses for clients, including self-funded employers, health plans, and pharmacy benefit managers (PBMs). Utilizing a cloud-based platform, RazorMetrics employs machine learning technology to identify personalized, lower-cost therapeutic alternatives and cost-saving opportunities. The platform integrates seamlessly into prescribers' workflows, facilitating improved healthcare decisions while optimizing pharmacy spending. By automating processes such as medication switching, deprescription, and deduplication, RazorMetrics enhances efficiency and value in pharmacy benefits, ultimately benefiting both members and plan sponsors.

CYBEXYS

Venture Round in 2020
CYBEXYS,develops a healthcare risk adjustment automation solution.Provider of a healthcare data automation platform intended to detect details from unstructured information of patient disease state. The company's platform helps to map the notes to standard ontology and assigns the improved set of severity codes with higher precision as well as integrates within different workflows for increased accuracy and standardize coding, processes data from and other binary typed documents and customizes the integration and user experience to achieve the desired level of adoption, enabling healthcare organizations to process and code clinical notes of each patient's disease state.

Titanium Healthcare

Seed Round in 2019
Titanium Healthcare uses its depth of scientific processes and analytical capabilities to focus on the patients who do not get the right support structures in the current healthcare system and will deliver savings through reduced hospitalizations, readmissions, utilization, and lower cost care delivery platforms. Titanium Healthcare seeks risk relationships with partners who desire to make material changes in the delivery structure and create high-risk and post-discharge programs focused on improving quality metrics, readmission rates, unnecessary admissions, risk capture, throughput issues, and care coordination.

Analytical Wizards

Series A in 2019
Analytical Wizards operates as a global healthcare analytics firm. AnalyticalWizards is a technology-enabled healthcare analytics company that leverages AI/ML, technology, healthcare domain expertise, and a consultative approach to drive efficiencies and deliver significant value to pharma and biotech businesses.

Tridiuum

Series B in 2018
Tridiuum, Inc. is a Philadelphia-based digital health company established in 1997 that specializes in software-as-a-service solutions for behavioral health providers, patients, and health systems. The core offering, Tridiuum1, is a cloud-based platform designed to enhance behavioral health outcomes management by monitoring patient symptoms and treatment progress. It integrates digital health assessments with an analytics engine to identify behavioral health issues, assign risk scores, and provide real-time alerts at the point of care. Additionally, the platform supports video-based virtual visits and other features, enabling clinicians to effectively evaluate and manage patients with various conditions. The company is backed by a team of experts in behavioral medicine and digital health technologies, with a strong foundation in clinical research and a history of contributions to peer-reviewed scientific literature.

Signallamp Health

Series A in 2018
Signallamp Health was founded on a clear understanding that human interaction is essential to improving the management of chronic health conditions. While they leverage world-class technology to empower their Nurse Assistants with relevant and real-time data, the heart of their approach is rooted in time-tested, evidence-based care management, and behavioral economics.

Firepoint

Series A in 2017
Firepoint is a software-as-a-service (SaaS) company that specializes in customer relationship management (CRM) solutions for real estate professionals. The platform is designed to automate various business processes for residential real estate agents and teams, offering features such as lead generation and management, customizable agent websites with IDX integration, and dialer services that include call recording. Additionally, Firepoint provides insightful reporting tools that help clients gain valuable business performance insights, allowing them to efficiently manage their real estate operations.

Tallwave

Venture Round in 2017
Tallwave is a Scottsdale, Arizona-based company that focuses on transforming innovative ideas into successful businesses through a combination of design, product development, branding, marketing, and growth services. The company specializes in customer experience design, helping clients create exceptional brand experiences that enhance customer engagement. By implementing proven systems, Tallwave emphasizes speed and user experience to facilitate rapid market entry and increase the likelihood of success for its clients. The firm primarily targets seed and early-stage companies across various sectors, including SaaS, e-commerce, B2B software, advertising, and digital media, with a particular focus on the United States and regions such as Arizona, Utah, Southern California, Colorado, and New Mexico.

Modus

Series A in 2016
Modus Engagement is continue evolving to meet the ever-changing needs of their global customer base. With a strong focus on sales enablement, content activation, and lead capture, their feature-rich platforms offer easy-to-use tools that require virtually no training. As a result, their technology has driven more than 300,000 sales conversations in more than 41 languages between enterprise sales professionals and their customers. The name Modus Engagement reflects what they do for their clients and who they are as a company in their broader commitment and expertise to driving the innovations needed to shape the future of sales and customer engagement through digital technology solutions. They are engaged in their work, life, and community, and they couldn’t be more excited for what the future holds.

Click Notices

Venture Round in 2016
Click Notices, Inc. specializes in delinquency management solutions for the multifamily property sector. Founded in 2015 and based in Annapolis, Maryland, the company offers a cloud-hosted platform that streamlines the management of rent disputes across various jurisdictions. Its services include handling court forms, filings, tenant notifications, and court fees, as well as representing clients in court hearings. Click Notices notifies clients of judge rulings, obtains warrants, pursues evictions, and coordinates with law enforcement. By managing thousands of late rent cases monthly, the company helps property managers effectively control delinquencies while reducing legal costs and automating their operations.

OfficeWorks

Series A in 2016
OfficeWorks, Inc. is a staffing services provider focused on the healthcare industry, based in Woodland Hills, California. The company specializes in supplying various personnel, including front office support, medical assistants, medical billers, and administrative staff. OfficeWorks assists clients in filling direct and contract-to-hire positions, addressing staffing needs during seasonal peaks, and managing unexpected openings. The firm plays a crucial role in connecting job seekers with opportunities in healthcare, accounting, and finance sectors, ensuring businesses have access to top talent for roles such as admitters, medical collectors, and claims examiners. Formerly known as Healthcare Consulting, Inc., OfficeWorks operates as a subsidiary of Nurses In Partnership, Inc.

HealPros

Series A in 2015
HealPros, LLC is a healthcare service provider based in Atlanta, Georgia, specializing in mobile diabetic retinopathy examinations for healthcare payers across the United States. Founded in 2011, the company aims to enhance access to essential health services by conducting screenings and examinations in various non-medical venues, including nursing homes, retirement communities, and corporate settings. HealPros offers a range of preventive health services, such as retinal screenings and screenings for other chronic conditions like HbA1c and microalbumin levels. By serving clients at locations such as federally qualified health centers, YMCAs, and primary care practices, the company addresses the barriers that prevent individuals from receiving necessary care, ultimately striving to improve health outcomes and quality of life for those with chronic illnesses.

TreeRing

Series B in 2015
TreeRing Corporation offers a cloud-based platform for creating personalized school yearbooks, allowing teachers, students, and parents to capture and share memories through photos and comments. Founded in 2009 and based in San Mateo, California, the company streamlines the yearbook creation process by utilizing just-in-time digital printing and online collaboration. This service reduces the financial burden on schools and enhances the yearbook experience by enabling customization of pages, where users can upload their content. Additionally, TreeRing is committed to environmental sustainability, planting a tree for every yearbook printed, thereby contributing to a greener future.

Anyone Home

Series A in 2014
Anyone Home Inc. is a technology company based in Lake Forest, California, that provides a comprehensive prospect and resident management platform tailored for the single and multifamily rental housing markets. Established in 2013, the company offers a range of services including leasing call handling, service requests, and emergency dispatch, supported by an integrated contact center. Its product suite features ShowPro, a customer relationship management solution compatible with various devices, and MyShowing.com, a self-showing lockbox system that allows potential renters to tour properties independently. This combination of software and services enables rental operators to enhance engagement and streamline management processes in the leasing industry.

MyLio

Series A in 2014
Mylio is the ultimate Memory Organizer. It makes it simple and fun to manage a lifetime of photos, videos, and documents, and carry all of them with you, on any device, at any time. Mylio gathers your digital memories from all their scattered locations, then helps you find, view, sort, edit, protect, and share them. Any change to any file gets updated on every device, no cloud or internet connection necessary. Amazing.

Medical Scribe Systems

Series A in 2013
ScribeAmerica was established in 2003, while the concept of medical scribe utilization in the industry has been anecdotally reported since the 1970's, ScribeAmerica transformed this cottage operation into a national industry. In 2006, we were the first company to demonstrate that the synergy of the Scribe/MD/EMR model could overcome productivity losses experienced by unassisted physicians using EMR. In 2008, we were the first scribe company providing services on both coasts and the only scribe company present at ACEP, AAOS, and SHM. We credit our success to our generous profit-sharing business model whereby the actual Project Leaders who manage our client's programs are rewarded. By enfranchising our employee base, we ensure limited attrition among management and attract the best talent in the industry to run your program.

Lucid

Series A in 2011
Lucid is an audience platform for sourcing and understanding human answers, real deterministic data about human behavior at scale. It develops Fulcrum, a global marketplace for market research sample, and introduced programmatic buying and selling to the market research industry. It also created Federated Sample, a full-service sample provider that, using our proprietary technology, empowers clients to do market research. Its AdTech business unit is called Proof and delivers real-time digital media measurement audience and effectiveness. It was founded in 2010 and is headquartered in New Orleans, Louisiana.

Apollidon

Series A in 2011
Apollidon, Inc. is a Web-based distance education services company based in Oldsmar, Florida. Established in 2007, it specializes in providing scientific education by collaborating with academic institutions and marketing their programs and courses both domestically and internationally. The company offers a range of services including feasibility research, target student identification, business plan development, integrated student recruiting, and marketing services. Additionally, Apollidon provides program development, infrastructure and graphic design, concierge registration, student support, billing services, and performance evaluation. Through these comprehensive offerings, Apollidon aims to enhance the accessibility and effectiveness of educational programs for students worldwide.

Ethology

Series A in 2010
Ethology is the integrated digital marketing agency for evolving consumer brands.

Tallwave

Series A in 2010
Tallwave is a Scottsdale, Arizona-based company that focuses on transforming innovative ideas into successful businesses through a combination of design, product development, branding, marketing, and growth services. The company specializes in customer experience design, helping clients create exceptional brand experiences that enhance customer engagement. By implementing proven systems, Tallwave emphasizes speed and user experience to facilitate rapid market entry and increase the likelihood of success for its clients. The firm primarily targets seed and early-stage companies across various sectors, including SaaS, e-commerce, B2B software, advertising, and digital media, with a particular focus on the United States and regions such as Arizona, Utah, Southern California, Colorado, and New Mexico.

SRS

Venture Round in 2010
SRSsoft is the leader in productivity-enhancing EHR technology and services for high-performance physicians—with an unparalleled successful adoption rate.

Planet Payment

Venture Round in 2009
Planet Payment is a provider of integrated payment processing and multicurrency solutions, catering primarily to the hospitality, retail, and financial services sectors. The company delivers a range of services, including acquiring, processing, gateway, and currency conversion, addressing the complexities of the global electronic payments landscape. It operates through a centrally-hosted transaction platform that facilitates the interaction between consumers, merchants, banks, and payment networks, ensuring seamless transactions across various markets. With a presence in 23 countries and territories, Planet Payment's solutions are deployed at over 103,000 active merchant locations worldwide. In addition to payment processing, the company offers value-added tax refund and consulting services, as well as treasury and foreign exchange services, helping merchants and financial institutions navigate the intricacies of international payments.

Healthcare Data Solutions

Venture Round in 2008
Healthcare Data Solutions, LLC, a healthcare information services company.

ikaSystems

Series A in 2007
ikaSystems Corporation is a provider of cloud-based enterprise resource planning technology tailored for health insurers, including those in the commercial, Medicare, and Medicaid sectors. The company offers a comprehensive suite of tools designed to enhance process automation and intelligence management. Key offerings include member, provider, and employer portals that facilitate administrative self-service, claims submission, eligibility verification, and billing functions. Additionally, ikaSystems provides ikaClaims for claims administration, ikaBilling for premium billing, and ikaDWH for data management, which supports reporting and analytics. The company's solutions, such as ikaCM and ikaDM, are designed to improve collaboration among disease and case managers, physicians, and patients. Furthermore, ikaProHEDIS+ and ikaP4P applications assist in quality management and pay-for-performance initiatives, respectively. Founded in 1999 and headquartered in Southborough, Massachusetts, ikaSystems serves various sectors, including government, telecommunications, and insurance, aiming to enhance efficiency and compliance in healthcare operations.

Valutec Card Solutions

Venture Round in 2004
Valutec Card Solutions, Inc. provides turnkey gift and loyalty card services. It provides its services to small and mid-market, as well as general and specialty retail, restaurant, spa/beauty salon, and hospitality merchants. The company processes gift card payments for merchant locations the United States. It provides gift card designs, loyalty card designs, custom cards, and pop merchandising, including hangers and carriers. The company was founded in 1998 and is headquartered in Franklin, Tennessee. As of January 17, 2007, Valutec Card Solutions, Inc. is a subsidiary of Metavante Technologies, Inc.

Sloan Lake

Venture Round in 2003
Sloan Lake is managed Care Provider.

Housecall Medical Resources

Venture Round in 2002
Housecall Medical Resources entered into an agreement and plan of merger with Adventist Health System Sunbelt Healthcare Corporation. Pursuant to the agreement, Homecare Acquisition Corp., a wholly owned subsidiary of Adventist, would merge with and into the Housecall; and Housecall would become an indirect wholly owned subsidiary of Adventist. Housecall Medical Resources, Inc. provided home health services and products, including home nursing and related care, infusion therapy, respiratory therapy, home medical equipment, and hospice care, as of March 31, 1998. It also provided management services, including clinical and marketing support, computerized billing and records retention services, staffing, and other general administrative support to home health agencies. As of July 11, 2005, Housecall Medical Resources, Inc. operates as a subsidiary of Amedisys Inc.

iCrossing

Venture Round in 2000
iCrossing is a digital marketing company based in Scottsdale, Arizona, that provides a comprehensive marketing platform tailored for brands and agencies. The company specializes in both planning and development services. Its planning services encompass primary customer research, competitive and market research, persona development, and various digital marketing strategies, including integrated search marketing, social media, and mobile marketing. Additionally, iCrossing offers analytics and performance planning, along with marketing intelligence dashboarding, allowing clients to access extensive reports and data in a streamlined format. In terms of development services, the company focuses on search engine marketing, display and rich media advertising, email marketing, website development, and social media campaign development. With offices worldwide, iCrossing aims to assist clients in enhancing their digital marketing efforts through innovative solutions.
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