Led · Seed · Nov 2025

Quality Means Business (QMB) develops QualiVerse®, an AI-native enterprise platform that unifies design control, risk management, regulatory intelligence, and compliance scoring for medical-device innovators. The software translates standards such as ISO 13485, ISO 14971, IEC 62304, and EU MDR into a workflow-aware operating system, turning regulatory compliance from a bottleneck into a catalyst for innovation. Through AI copilots, predictive analytics, and compliance-aware automation, the platform aims to lower compliance risk, speed product launches, and deliver measurable ROI for quality and regulatory teams. QMB is led by Chairman & CEO Michel Moravia, a former MedTech regulator and SaaS product leader, and its governance includes representatives from The Boston Foundation and CEI Ventures. Early enterprise traction and pilot interest from leading device innovators have been reported. With fresh seed capital, the company plans to expand engineering staff, deepen data integrations, and run RegTech-as-Infrastructure™ pilots with manufacturers by late 2025. Financially, QMB has secured $2 million in seed funding and, at this stage, has not disclosed revenue or user figures.

Participated · Equity · Mar 2025

Galatea Bio is a Miami-based, AI-driven genomic research and clinical genetic testing company that provides precision medicine through AI-enabled data analytics. Founded in 2021 by Carlos D. Bustamante, Ph.D., the company focuses on large-scale patient populations enriched in non-European ancestry and integrates clinical genomics with a proprietary biobank. It uses AI-enabled algorithms to accelerate biomarker and drug-target discovery, enhance clinical diagnostics, and support biopharma partnerships. In March 2025 Galatea raised $25M in funding from a syndicate of investors. The company plans to use the proceeds to expand its clinico-genomics platform to integrate multi-modal data and AI-driven applications to refine genetic risk analysis for Mendelian and complex diseases, enable biomarker discovery, and optimize clinical trials.

Led · Seed · Feb 2023

BlueTrace offers a cloud-based traceability platform that enables seafood organizations of any size to create logs (harvest, HACCP, receiving, shipping, cooling, etc.) and tag products from smartphones. Its mobile solutions empower frontline employees to reduce redundant data entry and errors, streamline operations, and trace shipments from tideline to table. A regulatory rules engine increases compliance while cutting paperwork. The company serves growers, wholesalers, distributors and dealers and reported 121% growth in 2022, expanding its customer base from 150 clients to over 350. Led by CEO Chip Terry and based in Castine, ME, BlueTrace intends to use new funding to expand operations and accelerate development efforts.

Participated · Seed · Dec 2021

HighByte is a Portland, ME-based industrial software company that develops the HighByte Intelligence Hub, an Industrial DataOps solution that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code. The Intelligence Hub was first released in 2020 and has been deployed in 18 countries by more than 60 industrial companies with multi-plant facilities. Led by CEO Tony Paine, the company plans to use new funding to invest in research and development, strategic partner management, and customer success to accelerate market penetration and expand deployments within existing accounts. The $12M Series A financing provides capital to support those initiatives and to expand global partnerships and talent recruitment. Management characterized the investment as validation of the company's mission and essential for the next stage of growth. Ben Sampson of Standard Investments will join HighByte's board of directors. HighByte develops an Industrial DataOps product, HighByte Intelligence Hub, that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code. The company targets manufacturers across verticals—pharmaceuticals, food and beverage, paper and packaging, and industrial products—and says it has proven product-market fit in the past 12 months. HighByte reports deployments in 10 countries by dozens of major manufacturers with multi-plant facilities, and its product was first released in January 2020. The company plans to allocate new funds to R&D, sales, marketing, and customer success to accelerate market penetration and expand deployments within existing accounts. HighByte positions its software to drive industrial operations effectiveness by delivering trusted, ready-to-use data for sites and enterprise-wide operations. The company is headquartered in Portland, Maine. HighByte builds a DataOps solution purpose-built for industrial environments, targeting data architecture and security challenges created by Industry 4.0 at the Edge. The product is designed to manage assets, products, and processes at the Edge to improve industrial data flows and security. The company was co-founded by John Harrington, Tony Paine and Torey Penrod-Cambra and is based in Portland, Maine. Prior to this round, HighByte was funded through founder contributions and received $100K in grants from the Maine Technology Institute. In March 2020 HighByte raised $875K in pre-seed funding, structured as $625K in convertible debt matched by a $250K long-term, low-interest loan from the Maine Technology Institute. The company plans to use the funds for business development and to add R&D headcount in 2020.

Led · Equity · May 2021

Forager is an online and mobile platform that digitizes the local food procurement-to-payment workflow for grocers, co-ops, farmers, and other producers. By eliminating manual processes, the software reduces time and costs for both buyers and sellers and includes a proprietary tool to discover and vet new suppliers. The company currently operates in more than 12 states, linking over 40 grocers and institutions with a network of about 500 local suppliers. Recent partnerships with Roche Bros. Supermarkets in Massachusetts and Bashas’ Family of Stores in Arizona demonstrate its expanding geographic reach. Forager plans to leverage its new capital to broaden sales channels and roll out product upgrades that better serve both grocers and farmers. Headquartered in Portland, Maine, the company is led by founder and Executive Chairman David Douglas Stone.