RVI Participating in Western MA Demo Day

RVI is delighted to be part of the coalition of local investor groups helping put on Western MA Demo Day. Entrepreneurs and investors, please consider joining us for the event.

Western Mass Demo Day Connects Local Startups to Investors.

This is an invite-only event for active & accredited investors to hear pitches from startups with a connection to Western Massachusetts. Startups get an optimized way to meet a room full of different investors, many with a strong interest in companies connected to the region. Investors get a first look at the startups, meet the founders, and network with other investors.

This event is organized by a coalition of the region's startup investors including: Launch413, River Valley Investors, Springfield Venture Fund, Milltown Capital, Alchemy Fund, Golden Seeds, the Maroon Fund, and the event is hosted by our friends at Valley Venture Mentors. For regulatory compliance reasons, representatives of other investment groups & funds who wish to attend need simply request an invitation. Members of the local entrepreneurship ecosystem who wish to observe may also request an invitation.

Value Proposition for Startups

If you want to raise money now or in the near future, Western MA Demo Day puts you in a room full of people with money, who actively invest in companies like you, and who are keen to be helpful. And... there is no fee to apply or participate!

Here is a video walking you through the event and how to apply.

Learn more & apply at: www.westernmademoday.com


Monthly Meeting Lineup for May 15th 2019

This week's RVI meeting (Wednesday 5/15, 8:00am, offices of TechSpring) included one startup presentation to see if we are interested in starting due diligence:

  • Space for Arts, Inc.  - We are an online marketplace connecting photo and video production professionals with available studio spaces around the world.

Monthly Meeting Lineup for April 17th 2019

This week's RVI meeting (Wednesday 4/17, 8:00am, offices of TechSpring) included three startup presentations to see if we are interested in starting due diligence:

  • Unruly Studios - Unruly Studios teaches kids 6+ how to code through active recess-style play.

  • ZIRUI INC. - on-the-go beauty packaging platform.

  • Hilltop BioSciences, Inc. - We are an early stage veterinary biotech company restoring health and function on injured animals through the use of novel regenerative therapies.

Welcoming New Member Don Kozera

Please welcome our new member Don Kozera to RVI!

Don is a senior consultant for FranchiseWell, LLC, partner at Allsport Soccer Arena, former President and CEO at Human Resources Unlimited Inc, and current Chief Strategy Office at Viability Inc. He holds an MBA from American International College and a Certificate in Franchise Management from Georgetown University

We are very excited to welcome Don to the RVI family. You can check out more about Don on his LinkedIn page.

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Monthly Meeting Lineup for March 20 2019

This week's RVI meeting (Wednesday 3/20, 8:00am, offices of TechSpring) included three startup presentations to see if we are interested in starting due diligence:

  • Lumme - Lumme is a digital health company developing an addiction treatment platform

  • Beckon - Beckon is the first premium lactose-free dairy ice cream on the market.

  • Tunnel - Real-Time, Scalable Payments on the Cloud Powered by Tunnel’s Distributed Ledger Technology

River Valley Investors Invests in Pioneer Valley Grows

Western-Massachusetts based angel network River Valley Investors (RVI) completed an investment in Pioneer Valley Grows Investment Fund.

PV Grows takes investments from community members, (individuals and institutions), and uses them to make flexible loans to Farm and Food enterprises that strengthen our regional food system.

“The FCCDC made it easy for us to invest in the traditional small businesses that are the backbone of our community, and to do it with the confidence that the FCCDC is there to help those companies succeed.,“ said RVI Manager Paul Silva.

PV Grows Fund Coordinator Rebecca Busansky said, “We are so pleased to be working with RVI members to strengthen our farms and local food system. We look forward to continuing the relationship! ”

This is River Valley Investors first investment in PV Grows.

Welcoming New Sponsor Jacob del Hagen

Please welcome our new sponsor Jacob del Hagen to RVI!

Jake is the CTO at Big Voodoo Interactive and the founding partner of HelixSix LLC. He holds 20+ years of experience creating internet software & data advertising technology. He is an expert in large scale internet software architecture, data marketing analytics, and mobile app development.

Before his time at Big Voodoo Interactive, Jake was a founding partner at Techistry Inc, and worked as a private consultant for the Earth Day Network out of Washington DC.

We are very excited to welcome Jake to the RVI family. You can check out more about Jake on his LinkedIn page.

Your VC Needs A Billion Dollar Exit. You Do Not.

Crunshbase published this excellent article “Your VC Needs A Billion Dollar Exit. You Do Not.“

Some key quotes for me:

  • “The economics of many VC funds require billion dollar exits. The economics of founders’ lives do not, so don’t let your investor’s business model drive irrational behavior in fundraising, spending, or selling. Remember that selling a company for $30 million can sometimes lead to better returns for the founder than selling for 10X as much.”

  • “Before going out to raise more money, founders and investors should have ‘the talk.’ Is it time to sell?”

  • “Instead of thinking of an acquisition in terms of dollars, think of it in terms of years. How many years would it take you to grow into the valuation being offered or solicited?”

Read the full article here.

If you are a successful entrepreneur or business executive and are interested in joining us in finding and investing in exciting startups, contact us.

Hat tip to Seraf

RVI Invests in 4 Companies Founded in Western MA

In 2018 RVI invested in more companies founded in Western MA than ever before. Those companies were:

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  1. CAMBRIDGE BLOCKCHAIN (VVM Alum, founded in Western MA)

    Cambridge Blockchain offers proprietary software stack that has the potential to dramatically strengthen identity verification tools. Earlier this year, the company won the Distributed Ledger (DL) Challenge, which included a $15,000 cash prize.

  2. VALT (based in Western MA)

    Valt Visual Password Manager is a new approach to password management. Based in North Adams, MA.

  3. NEW ENGLAND BREATH TECHNOLOGIES (VVM, based in Western MA)

    New England Breath Technologies provides fast screening of diabetes via breath analysis.

  4. LAUNCH413 (Our manager Paul Silva’s newest startup, based here in Western MA)

    We Are Serial Entrepreneurs And Veteran Executives Dedicated To Helping Startups Become Profitable Engines Of Prosperity In Our Region.

If you are a successful entrepreneur or business executive and are interested in joining us in finding and investing in exciting startups, contact us.

Monthly Meeting Lineup for January 16th

This week's RVI meeting (Wednesday 1/16, 8:00am, offices of TechSpring) included three presentations to see if we are interested in starting due diligence:

  • Meenta - Meenta is a scientific equipment-sharing platform for B to B that is revolutionizing how scientists access capital equipment [ACA Syndicated] [Western MA]

  • OnSight Vision - OnSight Vision conducts comprehensive eye exams and sells glasses and contacts at corporate offices and other workplaces.

  • Meetcaregivers - Meetcaregivers is a technology platform that connects families with qualified caregivers for seniors [ACA Syndicated]

RVI's invests nearly $1 million in 2018 and adds 9 new members

2018 was a record-breaking year for our angel group, having invested nearly $1 million across 8 startups (prior record was 6):

  1. 3DFORTIFY

    3DFortify designs and manufactures custom, reinforced, and affordable composite materials and products using our patented magnetic 3D printing technology.

  2. CAMBRIDGE BLOCKCHAIN (VVM Alum, founded in Western MA)

    Cambridge Blockchain offers proprietary software stack that has the potential to dramatically strengthen identity verification tools. Earlier this year, the company won the Distributed Ledger (DL) Challenge, which included a $15,000 cash prize.

  3. VALT (based in Western MA)

    Valt Visual Password Manager is a new approach to password management. Based in North Adams, MA.

  4. NEW ENGLAND BREATH TECHNOLOGIES (VVM, based in Western MA)

    New England Breath Technologies provides fast screening of diabetes via breath analysis.

  5. FREEDOM WIND TUNNEL

    Freedom Wind Tunnel is opening an indoor skydiving facility at Patriot Place.

  6. LAUNCH413 (my newest startup, based here in Western MA)

    We Are Serial Entrepreneurs And Veteran Executives Dedicated To Helping Startups Become Profitable Engines Of Prosperity In Our Region.

  7. PATHWARE (VVM Alum)
    Pathware is creating hardware and software to simplify digital pathology workflows.

  8. SPRINGLOADED TECHNOLOGIES
    maker of the world’s first bionic knee brace.

We also added a record number of new members (9). Their expertise and connections will help us better find, vet, and invest in exciting startups.

If you are a successful entrepreneur or business executive and are interested in joining us in finding and investing in exciting startups, contact us.

Monthly Meeting Lineup for December 19th

This week's RVI meeting (Wednesday 11/21, 8:00am, offices of TechSpring) included three presentations to see if we are interested in starting due diligence:

  • Sistine Solar - Solar with curb appeal - the world's only solar designed to blend in with your roof, no matter what color, pattern, or style.

  • CourseStorm - SAAS registration and marketing platform that streamlines access to informal education.

  • Walch Education - We are developing an intelligent "Curriculum as a Service" platform with resources and tools so that school districts and teachers can edit and develop their own coherent, aligned and effective instruction.

Read More

Portfolio Company MachineMetrcs Raises $11.3 Million

We are proud to share that RVI portfolio company Machine Metrics just completed an $11.3 million Series A round. Our hats off to the team!

At MachineMetrics, our mission has always been to provide manufacturers with the data they need to increase productivity, win more business, and remain globally competitive. Of course, achieving a successful mission for any business requires an incredible dedication, perseverance, and unwavering belief in yourself, your team, and what you stand for.

Today, we’re excited to share with you one of our greatest successes to date:

MachineMetrics has raised $11.3 million dollars in venture capital funding to continue leading the endeavor to bring analytics to manufacturing.

Portfolio Company Pixm Emerges From Stealth

RVI portfolio company Pixm emerged from Stealth Mode…

BOSTON and NEW YORK, Dec. 5, 2018 /PRNewswire/ — Pixm, the industry’s first endpoint-based anti-phishing solution, emerged from stealth today with next-gen spear-phishing protection in the company’s flagship solution. Through advanced computer vision technology, Pixm shuts down phishing attacks at the point of the user’s click regardless of their location, device or phishing link source.

Co-founded by Chris Cleveland, CEO, and Arun K. Buduri, President, Pixm was created to address the significant hole that exists in the anti-phishing ecosystem. Today’s popular anti-phishing solutions rely on blacklisting to stop only the already known phishing attacks but do little to address new attacks. Pixm’s solution is designed to detect and shut down a new zero-day phishing attack within the browser at the moment the page is opened in real-time using computer vision.

Monthly Meeting Lineup for November 21st

This week's RVI meeting (Wednesday 11/21, 8:00am, offices of TechSpring) included three presentations to see if we are interested in starting due diligence:

  • Sistine Solar - Solar with curb appeal - the world's only solar designed to blend in with your roof, no matter what color, pattern, or style.

  • CourseStorm - SAAS registration and marketing platform that streamlines access to informal education.

  • Walch Education - We are developing an intelligent "Curriculum as a Service" platform with resources and tools so that school districts and teachers can edit and develop their own coherent, aligned and effective instruction.

Read More

River Valley Investors Invests in Freedom Wind Tunnel

Western-Massachusetts based angel network River Valley Investors (RVI) completed an investment in Freedom Wind Tunnel, an indoor skydiving company from Boston.

Freedom Wind is installing a brand new indoor skydiving facility at Patriot Place in Boston. The company is planning to provide an entertainment experience to patrons of all ages. With the help of Freedom Wind, Boston may soon give Chicago a competitor for the title of “Windy City”.

“This is not a ‘normal’ deal for angel investors. Neal’s depth of knowledge and ability to build coalitions took an idea that we would have avoided into one we were excited about. His model for financing and absolute commitment to keeping us informed closed the deal,“ said RVI Manager Paul Silva.

Freedom Wind CEO Neal Gouck said, “River Valley's Leadership in this round allows for the construction and commissioning of the facility at Patriot Place.”

This is River Valley Investors first investment in Freedom Wind Tunnel.

Monthly Meeting Lineup for October 17th

This week's RVI meeting (Wednesday 10/17, 8:00am, offices of TechSpring) included four presentations to see if we are interested in starting due diligence:

  • Southie Autonomy - Tell a robot what to do, let the robot figure out how to do it. Boost ROI for high-mix repetitive kitting tasks

  • Prolific Works - reduces the time spent and out-of-pocket cost for self-published authors to write more and better books.

  • Emerging Artist Network - Early-stage music technology company creating interactive mobile / fantasy games powered by our existing proprietary data analytics platform

  • Traction Technology Partners - We connect large enterprises to emerging technologies through innovation discovery services and our startup relationship management platform.