Participated · Equity · Aug 2023

AeroSafe Global provides Cold Chain as a Service (CCaaS) for biopharmaceuticals, offering reusable thermal packaging, outsourced supply chain services, and a temperature-monitoring control tower under a pay-per-turn program. Its services are designed to ensure safe, sustainable delivery and effective use of pharmaceuticals. More than 45 biopharma companies use AeroSafe to deliver millions of shipments to hundreds of thousands of patients, providers, pharmacies, and hospital systems across 85 countries. The company is led by CEO Jay McHarg and emphasizes operational scale and sustainability in its offering. Following the recent financing, AeroSafe plans to invest in product development and increased operational capacities to support continued customer growth. The article reports a $43M financing raised to support these initiatives. AeroSafe Global provides end-to-end cold-chain-as-a-service (CCaaS) combining proprietary temperature-controlled packaging with supply chain management, data tracking and analytics. Its cost-efficient reuse model and temperature reliability are used by pharmaceutical, biopharmaceutical, specialty pharmacy and medical device customers, including 12 of the top 20 global pharmaceutical companies. Many COVID-19 vaccines and treatments are currently being delivered using AeroSafe’s products and services. The company touts a guarantee of zero temperature excursions and reports its reuse model reduces customer greenhouse gas emissions by 40 million pounds per year. AeroSafe will use new capital to support value-added services and technologies and to further expand into new geographies. Comerica Bank expanded the company’s borrowing capacity as part of the financing. AeroSafe Global provides cold-chain-as-a-service (CCaaS) with proprietary packaging technology, a cost-efficient reuse business model, and data tracking and analytics to ensure safe, temperature-controlled delivery of drugs and devices. The company serves more than 30 Fortune 500 pharmaceutical and healthcare customers and guarantees zero temperature excursions across a range of shipping situations. Based in Rochester, New York, AeroSafe combines patented technology with a logistics platform to offer turnkey cold chain solutions from manufacturer to end-user. The company announced an aggregate $31.5 million growth capital investment to accelerate sales and marketing, launch additional value-added services and technologies, and expand into new geographies. AeroSafe emphasizes sustainability through its reusable packaging model and positions itself as a technology-based service partner rather than a vendor. Management says the funds will support industry adoption and continued innovation to meet evolving cold-chain needs. American Aerogel Corporation develops, produces and sells Aerocore, an aerogel-based insulation product used notably in shipping temperature-sensitive biomedical and pharmaceutical goods. The product is designed to increase energy efficiency, reduce deterioration of shipped goods and cut shipping and transportation costs. The company is expanding its market by developing insulation products specifically for refrigerated trucks and intermodal containers. Led by General Manager Jay McHarg, the firm manufactures its insulation products in Rochester, N.Y. In September 2011 the company received new external financing to support growth and manufacturing expansion. Cycle Capital Management will also support the company through its industry network and cleantech growth experience.

Participated · Equity · Jan 2017

Arcadia is a healthcare data and analytics company whose platform integrates electronic health records, claims, and other sources to improve clinical quality measures, patient risk stratification, and population health management. The company helps providers and health plans deliver actionable insights to advance care, drive strategic growth, and ensure financial success. Arcadia announced a $125M financing to accelerate platform innovation, expand capabilities, and grow the company. It plans to use the funds to continue expanding its platform, enhance service delivery, and strengthen customer relations to support better care delivery, lower costs, and improved patient outcomes. CEO Michael Meucci said Vista Credit Partners will provide financing and access to the broader Vista ecosystem to help scale Arcadia's HealthTech and enterprise software business. Arcadia is based in Boston, MA. Arcadia is an EHR data aggregation and analytics technology company supporting ambulatory networks taking on risk and transitioning to value‑based care. Its platform integrates data from over 30 EHR vendors, enriches it with claims and operational data, and uses analytics to drive improvements in patient care quality, practice efficiency, and financial performance. The company serves over 60 enterprise customers, including health plans, accountable care organizations, integrated delivery networks, and large independent physician groups. Arcadia plans to use recent growth capital to accelerate product development in its core Arcadia Analytics platform and to expand population health management market activities across the country. The business has shifted from a consulting firm to a technology‑led population health analytics company and has completed two acquisitions: Concordant (2011) and Sage Technologies (2015). Arcadia is led by CEO Sean Carroll and is headquartered in Burlington, Massachusetts, with offices in Seattle, Pittsburgh, and Rockford, Illinois. Arcadia Healthcare Solutions provides EHR data aggregation and analytics technology and services to help ambulatory networks, health plans, accountable care organizations, integrated delivery networks, and large physician groups collect, integrate, and report clinical and claims data. Its core products include the Arcadia Analytics and EHR Connect platforms, which enable customers to implement and optimize EHR platforms and transform physician practices using data-driven insights. The company focuses on supporting both fee-for-service optimization and value-based care performance environments and positions itself to help providers manage population health and improve patient outcomes. Arcadia is led by CEO Sean Carroll, who has over 25 years of experience in the health IT industry. Headquartered outside Boston with offices in Seattle and New York City, Arcadia plans to expand its technology suite, accelerate sales and marketing, and add executive talent using the recent investment.

Participated · Equity · Aug 2016

ID Experts provides software and services that address cybersecurity and breach risks for healthcare, retail, education and government organizations, their customers and employees, as well as individual consumers. The company offers a suite of SaaS-based technologies to protect against identity fraud and cyber breaches. To specifically address healthcare identity crime risks it recently launched MIDAS, a medical ID alert system to engage consumers in detecting and addressing healthcare identity theft and fraud. Led by CEO Bob Gregg, ID Experts serves both enterprise and consumer markets. The company intends to continue innovating its SaaS suite and to use recent funding to repurchase shares from select existing shareholders and support product development. It is headquartered in Portland, Ore. ID Experts is a Portland, Oregon–based provider of data breach prevention and response services and identity recovery products. Its MyIDCare™ SaaS product includes a medical ID alert system called MIDAS that protects against nine types of identity theft, including insurance, criminal, child, drivers’ license, Social Security, synthetic, financial, medical, and employment identity theft. The company provides data breach response services and identity recovery solutions to corporate clients across healthcare, insurance, government, financial services, and higher education. Led by CEO Bob Gregg, ID Experts focuses on mitigating risks and ensuring compliance for organizations and protecting individuals from financial and medical identity theft. The company says it will use the funds to continue to expand operations. In conjunction with the financing, Tom Hawes, M.D., Managing Director at Sandbox Industries, will join ID Experts’ Board of Directors.