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.
Honeycomb Credit, Inc. is a company based in Pittsburgh, Pennsylvania, that operates a peer-to-peer lending platform designed to connect small businesses with investors. Founded in 2017, the platform enables business owners to seek loans from individual investors, including their customers and community members. By facilitating debt crowdfunding, Honeycomb Credit allows businesses to secure funding without relinquishing equity in their companies, thereby promoting growth and financial independence. The platform effectively bridges the gap between traditional crowdfunding and individual lending, providing a unique avenue for small businesses to access the capital they need to thrive.
Conservation Labs
Series A in 2024
Conservation Labs is an Amazon Alexa Fund portfolio company. We founded Conservation Labs to help you save money and better manage our natural resources. This is our big challenge: there are over 3 trillion gallons of unwanted water use each year in the U.S. alone, costing us $70 billion. With water, a little knowledge goes a long way. H2know helps you save money and improve our water use.
SHARE Mobility
Series A in 2022
SHARE Mobility specializes in providing transportation solutions tailored for companies, aimed at addressing the mobility challenges faced by frontline workers. The company offers a comprehensive transit planning software that includes features such as planning, simulation, on-demand micro-transit, and routing. This integrated approach facilitates multi-modal transit and mobility management, enabling enterprises and transit operators to improve employee retention and fill open jobs by offering reliable transportation as a benefit. SHARE Mobility's focus on sustainable and safe transportation solutions empowers brands and employers to support their workforces and communities effectively.
Elemeno Health
Series A in 2022
Elemeno Health, Inc. is a technology company that specializes in developing a mobile software platform aimed at enhancing patient safety and reducing medical errors in healthcare settings. Founded in 2016 and based in Oakland, California, Elemeno provides a team-based medical information platform that serves as a personal assistant for doctors and nurses. The platform offers frontline healthcare teams access to the latest practices, checklists, and instructional videos, facilitating effective communication and point-of-care training. By transforming complex medical practices into concise, actionable steps, Elemeno helps improve practice consistency and accelerates the adoption of best practices. The platform also incorporates gamification and recognition features to engage staff and create a feedback loop, allowing healthcare leaders to gain valuable insights into caregiver behavior and training needs. Elemeno's cloud-based solution can be deployed without the need for hospital IT resources and is accessible on various devices, making it a versatile tool for healthcare providers.
Beem
Seed Round in 2022
Beem is an instant cash application designed to assist working-class Americans in accessing immediate funds without incurring interest. It addresses the financial challenges faced by individuals earning below the 80th income percentile, many of whom experience a timing mismatch between when they receive income and when they need to pay for everyday expenses. This issue is particularly acute for those without credit cards or surplus income, as essential services can cost over $1,400 monthly. By leveraging artificial intelligence, Beem aims to bridge this financial gap and significantly reduce costs for crucial services by up to 90%. The app is inclusive, serving a diverse range of users, including immigrants, gig workers, and seasonal earners. Furthermore, Beem seeks to integrate a substantial portion of the informal economy into the formal economy, promoting economic benefits for both individuals and the broader nation. Currently operational in the U.S., Beem plans to expand its services globally, with India as the next target market, where a significant amount of wealth remains in the informal sector.
Upswing International
Series A in 2021
Upswing offers an integrated student services platform designed to enhance student retention for colleges and universities. This platform consolidates various student support operations, allowing students to easily access services such as advising, counseling, success coaching, and tutoring within a virtual environment. Additionally, Upswing provides a virtual assistant that connects students to college reminders and important information via SMS. This streamlined approach enables college administrators to manage support staff more effectively, oversee communication with students, and access cohesive reporting and insights. Moreover, the platform facilitates academic assistance by allowing students to select coaches based on criteria such as price, quality, subjects, and prior experiences, thereby providing tailored support throughout their college journey.
Solstice
Venture Round in 2021
Solstice is a company focused on making renewable energy accessible to all Americans through community-shared solar power solutions. It provides turnkey customer solutions, subscriber aggregation, and management services for solar developers, utilities, and other providers of shared solar energy. Utilizing community organizing techniques and an innovative online marketplace, Solstice aggregates consumer demand to facilitate the deployment of solar projects, particularly for individuals who rent their homes or have unsuitable roofs for traditional solar installations. The company aims to promote energy equity by ensuring that every household, regardless of income level or credit history, can benefit from affordable renewable energy. Founded in 2016 and headquartered in Cambridge, Massachusetts, Solstice has received numerous awards for its contributions to clean energy and entrepreneurship, reflecting its commitment to transforming the solar landscape for diverse communities.
Cecelia Health
Series B in 2020
Cecelia Health, Inc. is a technology-enabled company that specializes in remote telehealth support and chronic disease management in the United States. Founded in 2009 and headquartered in New York, it focuses on providing clinical support and coaching to individuals with Type 1 and Type 2 diabetes, as well as those dealing with obesity and cardiovascular diseases. Cecelia Health combines expert clinical coaching with digital health solutions, enabling patients to adhere to medication and wellness programs. The company offers virtual care as an alternative to traditional in-person visits, particularly enhancing access during the COVID-19 pandemic. Through a personalized coaching approach, Cecelia Health aims to improve patient self-management and health outcomes, serving both patients and healthcare partners effectively.
Yellowdig
Venture Round in 2020
Yellowdig is a software platform that enhances peer learning outcomes by creating a social layer on top of existing enterprise learning systems utilized by colleges, universities, and organizations. Established in 2015 and based in Philadelphia, Pennsylvania, Yellowdig focuses on providing a private and secure experience tailored for higher education institutions. The platform fosters collaborative learning environments, encouraging student engagement and retention while enhancing their understanding of current affairs. By integrating with established learning systems, Yellowdig transforms traditional classrooms into vibrant learning communities.
Reconnect
Seed Round in 2020
Reconnect, Inc. operates a platform that combines software, hardware, and data to enhance outcomes for individuals involved in the criminal justice system, particularly during pretrial, reentry, and recovery phases. Founded in 2009 and headquartered in Cumberland Center, Maine, with additional offices in Portland, Brooklyn, and Boston, the company provides solutions utilized by drug courts, probation, parole, and third-party administrators. Reconnect's automatic monitoring and communication application facilitates remote monitoring of individuals on probation and parole, featuring integrated notification systems and GPS capabilities for appointment reminders and curfew checks. As a Public Benefit Company, Reconnect is dedicated to positively impacting those facing addiction and aims to reduce incarceration, recidivism, and associated costs for defendants in the system.
Nepris
Series A in 2020
Nepris is a cloud-based platform that connects industry professionals with K-16 classrooms, adult job seekers and out of school youth to bring real world relevance and career exposure to all learners. Nepris matches the skills of working professionals to learning objectives and virtually connects them with students to bring abstract lessons to life, offer project mentoring and evaluation, virtual tours, mock interviews and virtual work place experiences. Nepris makes it easy for educators to leverage industry connections to bring real world knowledge and skills to students, while providing a reliable platform for companies and regional intermediaries (like workforce boards, chamber, STEM hubs) to easily and effectively engage current workforce with the future workforce.
MoCaFi
Seed Round in 2020
MoCaFi is a developer of a personal finance platform designed to leverage mobile technologies, data analytics, and strategies to improve the financial behaviors of underbanked communities. The company's platform offers financial products and services in the areas of check cashing, custom loans, debit cards, financial literacy, data analytics, and personal finance via its mobile application and financial card, enabling users to check their balance, cash their paychecks and send money safely at no extra cost.
Embodied Labs
Seed Round in 2020
Embodied Labs, Inc. is a virtual reality training platform that focuses on enhancing the education and support of family members and caregivers for older adults. Founded in 2016 and based in Los Angeles, California, the company offers an immersive training environment that simulates real-life challenges faced by older adults and their caregivers. This platform aims to foster a transformational cultural change in various sectors, including long-term care, home health, and academic institutions, by encouraging a shift in how caregivers perceive and interact with elderly individuals. Embodied Labs provides a user-friendly curriculum that builds both skills and empathy among healthcare professionals, enabling them to deliver better care. Additionally, the platform includes a robust data analytics component that tracks caregiver training progress, offering valuable feedback for continuous improvement. With locations in California, Illinois, and South Carolina, Embodied Labs has garnered recognition, including the 2018 Bill and Melinda Gates Foundation Global XR in Education Prize Challenge.
KickUp
Series A in 2019
KickUp helps professional development teams differentiate teacher support through analytics. Its SaaS-based analytics platform is designed to offer professional learning services. The analytics platform helps users customize pre-loaded goals to align with their district or region's strategic goals, pull together real-time data from surveys. They partner with K-12 organizations to coordinate professional learning efforts, improve decision-making, and ensure that great ideas translate into demonstrable outcomes in the classroom. Jeremy Rogoff, Victoria Kinzig, and Eric Krupski headquartered KickUp in Philadelphia, Pennsylvania in 2014.
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. The company employs individuals on the autism spectrum, leveraging their unique skills such as pattern recognition, attention to detail, and focus to enhance software quality assurance. Ultranauts 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 tapping into the talents of its neurodiverse workforce, Ultranauts aims to demonstrate the competitive advantages of diversity in the tech industry, ultimately helping clients improve bug detection rates, shorten development cycles, and reduce costs.
CleanFiber
Venture Round in 2018
CleanFiber, LLC specializes in producing high-performance cellulose insulation materials made from recycled corrugated cardboard for residential and commercial construction. Founded in 2013 and based in Blasdell, New York, with an additional office in Buffalo, CleanFiber transitioned from its previous name, UltraCell Insulation, in September 2018. The company focuses on providing sustainable, carbon-negative insulation solutions that can be applied in attics, walls, and floors, catering to both new construction and retrofit projects. CleanFiber's products not only enhance fire resistance in buildings but also offer a cost-competitive alternative for construction companies, supporting environmentally friendly building practices. The company is currently expanding its production capabilities to meet growing demand.
CleanFiber
Venture Round in 2018
CleanFiber, LLC specializes in producing high-performance cellulose insulation materials made from recycled corrugated cardboard for residential and commercial construction. Founded in 2013 and based in Blasdell, New York, with an additional office in Buffalo, CleanFiber transitioned from its previous name, UltraCell Insulation, in September 2018. The company focuses on providing sustainable, carbon-negative insulation solutions that can be applied in attics, walls, and floors, catering to both new construction and retrofit projects. CleanFiber's products not only enhance fire resistance in buildings but also offer a cost-competitive alternative for construction companies, supporting environmentally friendly building practices. The company is currently expanding its production capabilities to meet growing demand.
Querium
Series B in 2017
Querium Corporation is an educational technology company based in Austin, Texas, that specializes in developing a mobile learning software platform focused on teaching critical STEM skills. Founded in 2013, Querium offers a range of products, including StepWise, a personalized learning program for smartphones and computers, which provides bite-sized lessons and step-by-step tutoring assistance. Other offerings include solutions for math placement tests, Texas educational assessments, and workforce development programs that help individuals acquire fundamental math skills. The platform utilizes advanced simulation technology and an expert system designed to mimic the guidance of a master tutor, available 24/7 to support student learning. Querium's innovative approach aims to prepare students for college and enhance their problem-solving abilities in math, science, and engineering.
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.
Aunt Bertha
Seed Round in 2013
Aunt Bertha picks up where Uncle Sam leaves off by making it easy to find and apply for government and charitable social service programs. By organizing the world's human service program information, people in need, and the people who help them can find programs in seconds on. They are driving down the cost of administering social service programs by providing a simple way for governments and charities to accept applications online. Aunt Bertha was founded in 2010 and headquartered in Austin, Texas.
Boston Heart Diagnostics
Series B in 2009
Boston Heart Diagnostics is a healthcare company based in Framingham, Massachusetts, specializing in cardiovascular disease (CVD) management. The company offers a comprehensive suite of medical diagnostics services, including advanced lipid testing, genetic testing, and various laboratory techniques such as gas chromatography and liquid chromatography. Unlike traditional lipid testing providers focused on primary screening, Boston Heart utilizes proprietary testing technology to enable ongoing monitoring of patients' conditions and to identify the most effective pharmaceutical treatments more quickly. This approach allows for personalized treatment options for patients with dyslipidemia, determining the efficacy of lipid-adjusting drugs typically within the first six weeks of treatment, in contrast to the six months required by competing methods. Through its innovative tools and patient support services, Boston Heart aims to enhance disease management for physicians, patients, and pharmaceutical companies.
Avancen MOD
Seed Round in 2009
Avancen MOD Corporation, based in Mount Pleasant, South Carolina, specializes in developing wireless devices that allow hospitalized patients to access oral pain medication conveniently from their bedside. Their flagship product, the MOD, is a secure wireless patient-controlled analgesia device that accommodates eight doses of medication and is designed for easy access when locked onto an IV pole. In addition to the MOD, the company offers MODTrac, a comprehensive database that aids in pain management across care units and facilities. Avancen's Medication on Demand system ensures timely delivery of medications, integrating essential data flow for patients, caregivers, and administrators in the healthcare environment. Founded in 2007, the company operates engineering and production facilities in Melbourne, Florida, and aims to capitalize on significant market opportunities in the U.S. and global healthcare sectors.
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