Walnut Ventures

Walnut Ventures is a venture capital firm headquartered in Boston, Massachusetts, that focuses on investing in seed and early-stage companies, primarily within the information technology sector. The firm is particularly interested in areas such as home entertainment software, data processing, online services, and internet marketing. It typically invests between $250,000 and $1 million in companies located in the New England region and aims to take an active role by seeking a board seat in its portfolio companies. Established in 1997, Walnut Ventures comprises a network of experienced entrepreneurs and investors who are dedicated to helping talented entrepreneurs build sustainable businesses in rapidly growing markets. The firm offers not only financial investment but also support in refining business plans, enhancing management teams, developing financing strategies, and facilitating strategic partnerships.

Jim Andrew

Partner

Past deals in Boston, MA

Tally Street

Seed Round in 2020
Tally Street, Inc. is a software company that focuses on enhancing cash flow for small and midsize businesses by leveraging their existing accounting data. Founded in 2019 and based in Boston, Massachusetts, Tally Street's platform utilizes artificial intelligence and statistical analysis to extract valuable insights from years of sales data. It provides businesses with detailed reports on customer lifetime value, sales trends, concentration risk, and collections performance, enabling them to identify profitable customers, optimize their sales funnels, and mitigate payment risks. The software also assists business owners and CEOs in making informed decisions by tracking key metrics such as customer retention rates and forecasting cash flow. By equipping modern accounting and finance firms with the tools to serve their clients effectively, Tally Street aims to facilitate growth and improve overall business performance.

Cobu

Seed Round in 2020
Cobu Inc. is a real estate technology company based in Boston, Massachusetts, established in 2016. It develops The Cobu app, a platform designed to enhance the apartment living experience by fostering community engagement among residents. The app allows users to connect with fellow residents, participate in gatherings, and access discounts at local businesses while also saving event details to their personal calendars. Cobu's services aim to improve building economics for apartment owners by increasing resident satisfaction, retention, and referrals through a combination of in-person events, digital engagement, and data analytics. The platform emphasizes meaningful connections among residents, helping them feel a sense of belonging in their living environments.

Groupize

Venture Round in 2019
Groupize, Inc. specializes in developing technology solutions for hotel chains and properties to streamline the management of group bookings and requests. The company offers a customizable white label site for planners to search and book groups online, facilitating access to live pricing and inventory. Additionally, it features a lead and eRFP management application on the Salesforce platform, which processes group leads and supports lead distribution and planner relationship management. Groupize also provides an automated booking solution and a group management page that assists organizers in planning and managing their events. The platform includes social tools for communication and engagement among group members, as well as a content portal for hotel administrators to manage property information. Founded in 2012, Groupize is headquartered in Gloucester, Massachusetts, with a technology office in Boston.

TireTutor

Seed Round in 2018
Founded in 2018, TireTutor operates an online platform that connects consumers with local tire dealers. It offers transparent tire pricing comparisons and unbiased recommendations, enabling users to find the best deals on tires while helping dealers optimize their supply chain and enhance their online presence.

InCrowd

Series A in 2012
InCrowd, Inc. is a Boston-based company that operates an online market research platform designed for life sciences organizations. Established in 2011, InCrowd provides real-time feedback from a diverse range of healthcare professionals, including physicians, nurses, and pharmacists. The company's solutions include MicroEval, which evaluates the perceived benefits and barriers of target products while assessing market impact, and MicroTracker, which monitors brand performance against competitors using primary market indicators. Additionally, MicroTest helps identify the most appealing concepts and messages influencing prescribing behavior by providing preference rankings and key performance indicators. This innovative platform enables life sciences companies to obtain immediate insights and research data, significantly enhancing their ability to make informed decisions in product development and market strategy.
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