
Cherrystone Angels
50 South Main Street #301, Providence, Rhode Island, 02903, United States
Overview
Cherrystone Angel Group, founded in 2004 and comprised of over 60 Rhode Island members, is Rhode Island’s first organized angel investment group. Its members invest in early stage, typically pre-revenue companies, across the tri-state region. While it is the entrepreneur who drives the company — and on whom ultimate success depends — Cherrystone believes that good advice and focused expertise are vital to the success of any business venture. When Cherrystone invests, it not only brings money to the table but industry knowledge and connections that will make its business succeed. All its members are experienced and qualified investors who have either built their own companies or have extensive experience launching new business ventures. Their backgrounds include creating or working with manufacturing, distribution, technology, and service companies.
- Total investments
- 10
- Lead investments
- 4
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Hardware
- Software
- Venture Capital
Investment portfolio
- The Nursing Beat
Participated · Equity · Nov 2024
The Nursing Beat is a nurse-led daily digital newsletter and media platform that delivers concise, relevant news to nurses and allied healthcare professionals via its email newsletter, social media community, and bespoke events. Led by former ER nurses Tamara AL-Yassin and Hannah W. Berns, the company positions itself as a community that amplifies nurses' voices and informs career decisions. The Nursing Beat recently announced the first close of an equity funding round (the first tranche of a $1M financing). The company plans to enhance content offerings, expand into new media formats, and invest in advanced technology to deliver more personalized news experiences. It also intends to expand its team of healthcare experts and content contributors, develop new features to foster community engagement and networking, and explore partnerships to provide additional value to its audience. The platform notes ongoing support from industry partners, underscoring its mission to empower nurses through information.
- Rellevate
Participated · Seed · May 2022
Rellevate, Inc. is a digital fintech company that offers banking and payment services aimed at American workers. Its product suite, offered primarily via employers, includes the Rellevate App / Digital Account with Earnings Credit, a Visa debit card, ATM access, Pay Any-Day to access earned wages between payroll cycles, Bill Pay, Send and Instant Send Money, and gift and incentive cards. The company positions its Digital Account as an employer-provided Financial Wellness benefit to help employees access earned wages between payroll cycles and to enhance employee acquisition and retention. Rellevate closed a $4 million Series Seed Preferred round led by Naples Technology Ventures and plans to use the funds to focus on market expansion and to scale its platform. Additional investors included Connecticut Innovations, IAG Capital Partners, Cherrystone Angel Group, Texas HALO Fund and Tamiami Angel Fund, among others. Adam Schneider of Naples Technology Ventures will join Rellevate’s board to support product, technical implementation and growth strategies.
- Medumo
Participated · Seed · Jan 2018
Medumo provides automated patient-preparation software that sends procedure reminders and mobile-optimized instructions via text message, sometimes including images and video. The platform delivers step-by-step preparation guidance and links to patients to improve readiness for hospital procedures. In a clinical study of more than 4,000 patients the company reported reducing no-shows by over 50% and improving preparedness by over 40%. For hospitals this resulted in roughly $0.5 million to $1 million in annual revenue recovered from procedures that would have been canceled. Medumo is currently working with 13 hospitals and is focused on seven specialties; it plans to use new funding to partner with more institutions and expand beyond those specialties. The company has collaborated with Massachusetts General Hospital, Beth Israel Deaconess Medical Center and Brigham and Women's through its participation in the 2018 PULSE@MassChallenge accelerator.
- Routrek Networks
Led · Series B · Jan 2017
Routrek develops sensing, IoT, and automation solutions for agriculture, centered on its Zero.agri product. Zero.agri is designed to optimize and automate irrigation and fertilization. The company is described as Japanese and focuses on precision agricultural automation. Routrek raised $3.46 million in a Series B to support its Zero.agri offering. Investors in the round include Oisix, a corporate fund run by sensor manufacturers Omron and Ricoh, and Globis Capital Partners. No operating metrics or prior funding rounds are disclosed in the article.
- Streamroot
Participated · Seed · Dec 2015
Streamroot builds a WebRTC-based peer-to-peer layer that lets viewers download parts of video streams directly from other users, reducing load on origin servers. Its technology is transparent to end users and requires no installation because modern browsers support WebRTC features on desktop and mobile. The approach is particularly effective for handling traffic spikes on popular videos and can fall back to traditional servers for obscure content. Customers include Dailymotion, Canal+, Eurosport and Russia Today. Streamroot powers 400 million video sessions per month and reports that 50–80% of customers' traffic now uses its distributed infrastructure. The company raised $3.2 million from Partech Ventures, Techstars Venture Capital Fund, Verizon Ventures and R/GA. Streamroot is a French, web-first startup that uses peer-to-peer technology to supplement traditional servers during video playback. Its core product integrates a proprietary peer-to-peer module with WebRTC and HTML5 video embeds to enable adaptive-bitrate playback directly in browsers without downloads or plugins. The technology also supports live streams and is designed so portions of video are delivered from other concurrent viewers, reducing bandwidth pressure on origin servers. Streamroot does not replace servers but reduces delivery costs and helps sites handle peak-hour demand more smoothly. The company recently raised $2.5 million in seed funding led by Partech Ventures with participation from Walnut Venture Associates, Cherrystone Angel Group, Jean‑David Blanc and Bpifrance. The funding positions Streamroot to further deploy its WebRTC-based solution across video publishers seeking to cut CDN and bandwidth expenses.
Team
Robert Manning
Chairman
LinkedIn