Showing posts with label Golden Seeds. Show all posts
Showing posts with label Golden Seeds. Show all posts

Wednesday, October 1, 2014

Are You One of the Most Important Investors in Tech? Check the Periodic Table of Tech from CB Insights to Find Out.


Those of us who teach or lecture regularly are often hard-pressed to identify and explain the key components of the startup ecosystem.  Undaunted, one analyst has organized them into what he calls the Periodic Table of Tech.   
 
“With the explosion of players (both investors and acquirers) in tech today, we’re often asked by those trying to navigate the space who they should know.  We’ve tried to answer that question with prior analyses of various groups (angels, micro-VCs, corporate VCs and VCs) using our data on investor quality, brand, and deal activity,” says Anand Sanwal, CEO of CB Insights. 

“Today, we’re releasing our first-ever Periodic Table of Tech which aggregates many of those prior quantitative analyses into one unified view highlighting the 118 most important investors and acquirers in tech.”

 Naturally, our eyes were drawn to the angels. The top angel groups listed are Tech Coast, Boston Harbor, Golden Seeds, New York, Sand Hill, and Atlanta. When asked how he selected them, Sanway referred us to his earlier report on top angel groups.

One issue remains. Why is a group such as Golden Seeds, that manages a substantial fund, listed as an angel group rather than as a Micro VC?

“Golden Seeds is a bit of a hybrid, says Sanwal.  “They're a fund but also an angel group, i.e. they report via Halo Report.  There are some folks like them; i.e. 500 Startups is both an accelerator and micro VC.  We had to pick one.”

For perspective, Golden Seeds raised $26.1 Million back in 2011 for its 
Fund II.

Picking individual angels is even more difficult.  According to reports from the UNH Center for Venture Research, there are roughly 250,000 active angels in the US this year. The Periodic Table lists 12, only one of whom we have met in person.  For this selection, Sanwal refers us to his report on top angels. More analysis could be done here.



CBInsights is a National Science Foundation-backed data-as-a-service firm that collects information on private companies and their investors and acquirers.  CB Insights data and technology is used by firms to make better marketing, procurement, lending, acquisition and equity investment decisions and to gather data-driven market and competitive intelligence.  The firm's data is regularly cited by leading media publications including the New York Times, Forbes, Bloomberg BusinessWeek and Fast Company among others. 

Wednesday, September 10, 2014

Senscio Sytems Raises $1.5M Seed Round led by eCoast Angels and Walnut Venture Associates



Boxborough, MA,  -- Senscio Systems, Inc., a healthcare technology startup in Boxborough, has announced two financings: a $1.5 million Series Seed raise, led by members of eCoast Angels and Walnut Venture Associates with participation from members of Golden Seeds and Northeast Angels; and a $650,000 Emerging Technology Fund loan from MassDevelopment, the state's finance and development authority. Senscio is using the loan from MassDevelopment to make strategic hires and procure hardware for early deployments of IbisCare, the company's first product.

Senscio Systems' mission is to turn data into insights. IbisCare integrates Senscio's unique artificial intelligence platform with remote patient monitoring for people living with multiple chronic conditions. The product increases patient engagement, helps caregivers assist with timely interventions and provides analytical insights for population health management.  

According to Senscio's CEO Piali De, "Through IbisCare, physicians will be able to manage their patients' health in real time, based on knowledge about how their patients' self-management is impacting their health."

Senscio is currently deploying IbisCare to users through its first customer, a midsize Accountable Care Organization in New England. The company will use the $2.15 million in new funding to accelerate the product's deployment to the next 200 users. "The wonderful thing about IbisCare is that it literally pays for itself by identifying problems early, before they require expensive treatment or hospitalization," says George McQuilken, Co-founder of the eCoast Angels. "We are very supportive of this approach."  Michael Marsh of the eCoast Angels has joined the Senscio board.

"Massachusetts is on the cutting edge of technology and health care, and Senscio has combined both qualities to create a system that will help patients and caregivers treat illnesses such as pneumonia and diabetes," said MassDevelopment President and CEO Marty Jones. "The Emerging Technology Fund has helped many innovative companies stay and grow in the Commonwealth, and we're pleased Senscio can use these funds to hire highly-skilled workers for its operations." 

MassDevelopment, the state's finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2013, MassDevelopment financed or managed 350 projects generating investment of more than $2.4 billion in the Massachusetts economy. These projects are projected to create more than 7,000 jobs and build or rehabilitate 800 residential units.

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