The Venture Codex

Participated · Series B · Dec 2017

ChemomAb is a Tel Aviv, Israel–based biopharmaceutical startup founded in 2011 and led by CEO Dr. Adi Mor. The company develops monoclonal antibodies to treat inflammatory and fibrotic diseases. Its lead product is a first-in-class monoclonal antibody directed against a key protein that controls cellular response in disease. The candidate employs a novel dual mechanism of action that interferes directly with fibrosis processes and attenuates the inflammatory process that supports fibrotic progression. The lead asset is currently in phase 1 clinical trials in Israel, and the company intends to use the new funds to advance its clinical program for NASH, examine efficacy and safety in patients, and develop the product for additional fibrotic orphan indications. ChemomAb is based in Ramat HaChayal, Tel Aviv, and employs seven professionals; it had previously raised $5m from OrbiMed Israel and private investors.

Led · Seed · May 2016

Healthify offers a SDoH referral platform and geo-targeted, intervention-focused networks that enable healthcare and social service organizations to track social needs, coordinate referrals, and measure intervention success within a single system. The company also works directly with social service organizations to develop and formalize contracts, ensuring accountability across its networks. Healthify supports constructed accountable networks of social service organizations that are geo-targeted to address community-specific needs. Led by CEO Manik Bhat and based in New York City, the company has worked with over 40 enterprise healthcare organizations and thousands of social service organizations. Financially, the company has raised over $28M to date through investments, grants, and awards, including a recent Series B. Healthify plans to use new funding to deepen relationships with current clients and drive growth in additional locales such as Kansas City, Phoenix, and Cincinnati. Healthify provides a platform that lets care teams search a database of more than 200,000 social services, screen patients for social needs, and coordinate electronic referrals with community-based organizations. The platform generates SDOH data that can be integrated into case management or electronic health record systems to support population health initiatives. Healthify works with managed care plans and healthcare providers in 30 states and helps more than 15,000 healthcare staff coordinate care for nearly five million Medicare Advantage and Medicaid beneficiaries. Led by co-founder and CEO Manik Bhat, the company will use new funding to expand its care coordination product suite and grow its network of customers and social service partners. To date the company has raised over $9.5M through investments, grants and awards. Healthify is a community health platform led by CEO Manik Bhat that helps managed care organizations and healthcare providers connect patients with community-based services to resolve unmet social needs. The platform enables healthcare staff to find and match appropriate community agencies for high-risk patients to improve overall health outcomes. Healthify already provides services in 24 states. The company intends to use new funding to refine its offerings and expand its coordination feature set into a nationwide network of insurers, healthcare providers, and community agencies. The article dates the news to May 17, 2016 and identifies the company as NYC-based. Healthify builds SaaS solutions to help care teams track, address, and engage with patients' social and behavioral health needs. Led by Co-Founder and CEO Manik Bhat, the company is a member of the Blueprint Health family. The platform is offered in both English and Spanish. Healthify already has deals with two large Medicaid managed care plans to help address the needs of some 20,000 patients in New York and Maryland. Following its launch in New York and Maryland, the company intends to use new funding to expand operations.

Participated · Series A · Jan 2016

Canvs builds semantic and natural-language technology that analyzes social media text to classify statements into 56 distinct emotional categories. The product generates timelines showing the emotional breakdown around a piece of content and can link reactions to the exact moment in a show or ad. Canvs currently ingests Twitter plus customers' Facebook and YouTube pages and claims robustness to slang, misspellings and emojis. The company maintains a data team led by Chief Scientist Sam Hui and an editorial team that curates language nuance. Customers include Sony Pictures, SMG, NBCU and Viacom. With a recent Series A, Canvs is expanding its platform coverage and moving toward 24/7 social tracking rather than only measuring audience response during broadcasts.

Participated · Series A · Jun 2015

Senet is a provider of cloud-based software and services that enable global connectivity and on-demand LoRaWAN network build-outs for IoT. Its core product is a cloud-based operating system and carrier-grade network management services that support rapid deployment, secure connection, and management of large numbers of low-power sensors. Senet operates the largest publicly available LoRaWAN network in the United States, offers coverage in over 80 countries, and its patent-pending Low Power Wide Area Virtual Network (LVN) has received industry recognition. The company offers Managed Network Services for IoT (MNSi) and RAN Provider Services and plans partner programs to facilitate engagement between network infrastructure companies and IoT solution providers. It will use the newly raised $16 million to accelerate deployment and densification of its LoRaWAN network across the U.S., expand global business development and co-marketing, and support utility and municipal network builds. Senet, launched in 2014, has seen increased demand from the energy and utility sector and has designed smart meter networks for municipal water districts representing millions of households. Senet provides a public Network-as-a-Service (NaaS) using a Low Power Wide Area Network (LPWAN) designed for low-cost, long-range IoT and M2M applications. The company operates an IoT/M2M marketplace and a countrywide network that supports monitoring of distributed assets such as residential fuel oil and propane tanks, water and gas meters, commercial lubrication distribution, and solar irradiance. Senet offers monitoring services to environmentally-conscious businesses for managing and measuring widely distributed assets. The company is based in Hudson, NH. It completed a Series A financing that included an A-2 offering and intends to use the proceeds to continue building out the hardware and software needed to support the Senet NaaS LPWAN offering. No operating metrics were disclosed in the article.

Led · Equity · Jan 2015

Cloudnexa is a Navy Yard–based cloud management startup that develops the vNOC Cloud Management Platform and related services. It completed a $4 million investment round funded by existing investors, according to an SEC filing. The round was led by Milestone Venture Partners, with Ben Franklin Technology Partners and Gabriel Investments participating. The company plans to use the funds to grow the team, expand sales and marketing, and invest in new markets, with a particular focus on Philadelphia. Cloudnexa currently has 16 employees and expects to add 6–10 full‑time employees in 2015. The company reported 2014 customer growth of 775% and seeks to top its prior annual recurring revenue growth rate of 479%. Cloudnexa deploys and manages infrastructure across private, public and hybrid clouds via its proprietary Cloud Management tool (vNOC) and managed services on Amazon Web Services. The company was founded in 2012 and is headquartered in Philadelphia, PA, led by CEO Joel Davne. Its core offering combines the vNOC platform with managed services to operate customer AWS environments. In August 2013 Cloudnexa completed a $2.3m funding round led by Milestone Venture Partners with participation from Gabriel Investments and Ben Franklin Technology Partners. The company also announced two senior hires: Lisa Brown as vice president of Marketing and Sales Operations and Shaun Enright as vice president and general manager, Public Sector. The article does not report operating metrics such as revenue or user counts.