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The Venture Codex

Wasabi Ventures

844 Elm St., Manchester, New Hampshire, 03101, United States

Overview

From publishing to healthcare IT to CRM, Wasabi Ventures has planned, implemented, and maintained solutions for many emerging companies over the last decade. Their professionals have a proven history of producing results in each of the following business areas: • Technology and Development • Sales • Product Marketing • Fundraising • Business Planning Their team includes experts in every functional area that matters to a startup as well as industry experts. Each of their partners specializes in different areas. While each of their partners can call upon the expertise of the entire firm, if you really need help in a specific area they will dedicate additional staff to your company.

Total investments
12
Lead investments
1
Investments · 12mo
0
Active investors
7

Sector focus

  • Finance
  • Financial Services
  • Incubators
  • Publishing
  • Venture Capital
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Investment portfolio

  • Robomart

    Participated · Seed · Aug 2023

    Robomart builds "store-hailing" self-driving vehicles that act as mobile, stocked retail stores for groceries, restaurants and convenience items. Its product lineup includes the Oasis, aimed primarily at restaurants (Ben & Jerry’s is a customer), and the newly revealed Haven, which offers retailer branding and capacity for about 300 SKUs. The Oasis launched in beta at the end of 2020 and roughly 100 of the vehicles have been contracted out. Haven is slated to start delivering in 2025 and is pitched to supermarkets and convenience stores. The company provides a white-label software suite that lets retailers enable store-hailing under their own banner, according to co-founder and CEO Ali Ahmed. Financially, Robomart announced a $2 million seed round, bringing total disclosed funding to $3.4 million.

  • Defendify

    Participated · Equity · Aug 2022

    Defendify delivers multiple layers of cybersecurity protection designed to continuously strengthen security across people, process, and technology. Its platform consolidates assessments, testing, policies, training, detection, and response into a single cost-effective solution. The company serves scaling organizations and has added thousands of customers across more than 60 countries. Despite the pandemic, Defendify has continued strong growth and has doubled its team size. Recent strategic additions include former Oracle CIO Mark Sunday as senior advisor, Emily Carville as CMO, and John Mayfield as director of sales. The company intends to use the new funding to accelerate go-to-market strategies, product development, and team expansion. Defendify is a Portland, Maine-based developer of a SaaS cybersecurity platform serving small businesses and channel partners. Its platform provides multiple layers of ongoing protection to continuously improve customers' security posture. The company closed a $2M seed funding round led by existing investor 3dot6 Ventures with participation from York IE, Maine Technology Institute (MTI), Maine Venture Fund (MVF), FreshTracks Capital and Wasabi Ventures. Defendify intends to use the funds to expand its core product, invest in sales and marketing, and make strategic hires. In the last 18 months the company has raised a total of $3.6M, added thousands of users and doubled its employee count. Defendify was co-founded by Andrew Rinaldi and Rob Simopoulos. Defendify provides a SaaS-delivered cybersecurity platform tailored for small businesses. It partners with channel resellers to offer a holistic, multi-layered solution that continuously improves security posture against evolving threats. The platform features multiple layers of ongoing protection and is designed to scale as small businesses grow. Co-founded by Andrew Rinaldi and Rob Simopoulos and based in Portland, Maine, the company sells through channel partners. Defendify raised $1.6M in pre-seed funding and plans to use proceeds to expand its core product and increase partner acquisition. Backers include Maine Technology Institute and 3dot6 Ventures.

  • Datanomix

    Participated · Series A · May 2021

    Datanomix, founded in 2017 and based in Nashua, NH, provides a production intelligence platform for precision manufacturers. Its flagship offerings include a No Operator Input Production Monitoring platform and Digital GEMBA Boards that deliver operational insights. The company partners with Hexagon, Vallen, Caron Engineering, ProShop ERP, and Flexxbotics to integrate with manufacturing ecosystems. Datanomix is led by CEO John Joseph and CTO Greg McHale. It raised $12M in Growth funding to drive geographic and digital expansion, product development, and data source integrations. The round included both new and returning investors to support its expansion plans. Founded in 2016 and based in Nashua, New Hampshire, Datanomix offers an operations-monitoring platform that requires no operator input and automatically benchmarks production using only equipment data. The platform connects to factory devices via customers' Wi‑Fi and CNC machine connections to create benchmarks for cycle time, parts per hour, and utilization, and it accounts for complex shift/job scenarios. Dashboards deliver real-time factory KPIs, allow drilldowns into specific metrics, integrate with enterprise systems for maintenance/tuning/calibration, and support alerts for conditions like temperature, pressure, and vibration. The company has 15 employees, says it has attracted “dozens” of new customers this year, and is “consistently” doubling its business every quarter. Datanomix plans to use new funding to grow its sales, marketing, customer success, and engineering teams to expand the reach of its software. CEO John Joseph emphasizes the product's real-time intelligence framework designed to drive people to action and improve productivity and profitability. Datanomix provides a software platform that combines machine learning with cloud-based data processing to produce real-time insights and a production scoring system for industrial manufacturers. Its core product, Fusion, is fully released and deployed in several states. The company says its platform enables manufacturers to manage factory environments and respond rapidly to pressing production problems. Datanomix plans to use new funding to accelerate commercialization and further develop Fusion. Management intends to expand sales and marketing teams with a focus on North American customer growth. The company is expanding nationwide with active account efforts in the Midwest, including Michigan, the Ohio Valley, and the Pittsburgh area. Datanomix offers a data analytics platform for mid-market manufacturers that struggle to draw meaningful insight from IIoT and production data sources. The solution simplifies connectivity and data challenges so employees from the shop floor to the C-suite can use operational data in decision making. The company positions itself as supplying the "brain" for IIoT analytics projects and removing common implementation pain points. Datanomix plans to use newly raised capital to fund the next phase of product development and introduce its solution to a broader market. The company appointed John Joseph as CEO to lead launch and scaling efforts; Joseph brings over 30 years of experience including roles at EqualLogic (acquired by Dell in 2008) and DataGravity (acquired in 2017). Datanomix has relocated its corporate headquarters to downtown Manchester, N.H., and has drawn support from local investors and the New Hampshire tech ecosystem.

  • PursueCare

    Led · Series A · Apr 2021

    PursueCare offers virtual evidence-based addiction treatment for opioids, alcohol and other substance use disorders through a mobile app. The company provides a transitional digital addiction treatment program for patients who face significant barriers to in-person care and partners with health systems, community health partners, employers and health plans; patients can also seek treatment without a referral. PursueCare is available in Kentucky, Ohio, West Virginia and all of New England and has national expansion plans. Founded in 2019 and based in Middletown, CT, the company implements integrated programs with hospitals, community health centers, employers and universities. PursueCare intends to use new funding to continue implementing these integrated programs and to enhance the patient virtual care experience. The company’s latest financing increased its Series A to north of $11M. PursueCare provides a tele-MAT platform delivered via an app and services that connect patients with medical providers who can prescribe medications such as Suboxone, addiction counselors, behavioral therapists, and at-home toxicology screening. Its PursueCare Connect portal enables rapid collaboration with on-site providers at community health centers, hospitals, primary care, and residential programs to assess and transition patients into virtual care at home. Care coordinators help patients start treatment plans and provide ongoing support throughout care. The company also operates a Joint Commission–accredited pharmacy, CompreCare Rx, which can ship medications directly to patients in 25 states. The app is designed for use on smartphones and tablets and to work for users with limited data plans or poor cellular service. PursueCare raised a Series A of undisclosed amount and intends to use the funds to expand its virtual medication-assisted treatment programs in response to COVID-19. PursueCare operates a telehealth opioid addiction treatment network available via iOS/Android mobile app, tablet, or computer. The platform connects patients to addiction treatment physicians, counselors, and outpatient programs and provides referral coordination, marketing, scheduling, billing and population health data to partner providers. Users can input insurance information or choose payment options, select providers, and request on-demand sessions with certified addiction counselors through secure video conferencing. PursueCare also operates a Joint Commission and safe pharmacy-accredited mail-order pharmacy that can fill and mail medications such as suboxone and naloxone. The company intends to use proceeds from the growth funding round to expand its technology services offering and its provider network of addiction treatment professionals and outpatient programs. PursueCare is led by CEO and co-founder Nick Mercadante and is based in Middletown, Conn.

  • 'nuffsaid

    Participated · Seed · Feb 2020

    'nuffsaid is a Utah startup building an algorithmic unified inbox called 'nflow that aggregates and prioritizes Slack, email, text and Zoom messages. 'nflow is a searchable app that surfaces urgent items and integrates calendar functionality, including drag-and-drop event creation and team tagging. The company launched 'nflow in early access and plans a $25/month commercial price with an early-access lifetime rate of $10/month. 'nuffsaid disclosed $4.3 million in seed funding from General Catalyst, Google's Gradient Ventures, Global Founders Capital, Work Life Ventures, SV Angel and Wasabi Ventures. The team of 18 is led by CEO and co-founder Chris Hicken, formerly COO of UserTesting. Over the summer it plans to roll out an AI-driven customer success module and later build dedicated versions for engineering, product and marketing to target deeper enterprise workflows.

Team

  • Chris Yeh

    Co-Founder & Managing Partner

    LinkedIn
  • Tom Kuegler

    Co-Founder and Managing Partner

    LinkedIn
  • Ron Emrick

    Director of Engineering Innovation

    LinkedIn
  • Steve Messa

    Entrepreneur in Residence

    LinkedIn