DeSimone Group Investments
6 Esterbrook Ln, Cherry Hill, NJ, 08003, United States
Overview
DeSimone Group Investments is a family office providing growth funding for early to mid stage companies in the Philadelphia, tri-state region. We support entrepreneurs in their pursuit to build great companies. Our practice involves combining early to mid-stage growth capital with our expertise and mentorship. We assist portfolio companies with high level strategic business planning, while also connecting them with our network of regional sources of support and funding. DGI's primary investment focus targets the industrial realm and ranges from manufactured products to renewable energies. More specifically, we enjoy products that involve some degree of engineering and that offer solutions to industries that encourage efficiency. We collaborate with angel funding groups, institutions and Venture Capital firms in our network to bring additional and later stage funding to our portfolio companies. History The DeSimone family has been in business in Southern New Jersey for over 40 years. Michael's father, Tony DeSimone, became the owner of a Cadillac dealership on a small corner lot in Camden. With a love for everything involving small business, Tony attributed his success to "hard work, luck, a good attitude, and timing." Under the guise of his fathers values, Mike DeSimone took over the auto dealerships in 1988, leading the business to become a widely successful landmark that would later be acquired by Holman Enterprises in 2007. By driving the success of his family's business from growth to exit, Michael DeSimone has gained a deep understanding of what it means to be an entrepreneur.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Venture Capital
Investment portfolio
- CloudMine
Participated · Series A · Mar 2015
CloudMine provides a cloud mobile platform that offers a mobile-optimized suite of services for enterprise developers to build and deploy mobile applications. The company targets highly sensitive verticals such as healthcare, pharmaceuticals and retail and emphasizes security and compliance, including HIPAA and HITECH. Customers include Mylan Specialty, Endo Pharmaceuticals, Barnes & Noble College and Digitas Health. Founded in 2011 and led by CEO Brendan McCorkle, CloudMine is based in Philadelphia, PA. The company intends to use the funds to add features to its product and expand marketing and sales functions. It recently closed a $5M Series A financing to support those plans. CloudMine is a Philadelphia-based startup that provides a back-end as a service platform for mobile application developers. The platform lets developers quickly generate API keys to cloud-enable applications and eliminates the need to build custom backend solutions. That approach allows developers to focus on building mobile apps and bringing products to market faster and at lower cost. The company is led by co-founders CEO Brendan McCorkle, CTO Marc Weil, and Technology Lead Ilya Braude. CloudMine is a member of the inaugural class of the Project Liberty Digital Incubator, established by Philadelphia Media Network, the John S. and James L. Knight Foundation, Ben Franklin, Dreamit Ventures and Drexel University. Dreamit Ventures also backs the company. CloudMine provides a platform of RESTful APIs and SDKs that let app developers offload backend work—schema-free data storage, user account creation/management, and server-side business logic. The service is positioned as a B2D PaaS so developers can focus on product and iteration rather than infrastructure. CloudMine moved from a closed beta, where testers reported it halved the time to configure backend solutions, into open beta at the time of the article. Developers can sign up for free and immediately receive an API key for their first app, with easy key generation for additional apps. The company is part of the current DreamIt Ventures Philadelphia accelerator batch. DreamIt invested $20K of seed funding in CloudMine’s backend solution. The co‑founders are Ilya Braude, Marc Weil, and Brendan McCorkle, with prior experience at Eastern Research, Apple, Oracle, and Textaurant respectively.
Team
No current team members are available.