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alphaedison.com

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Investments

63

Portfolio Exits

2

Funds

8

About Alpha Edison

Alpha Edison is an early stage venture firm that partners with entrepreneurs to build industry-changing technology platforms.

Alpha Edison Headquarter Location

100 Wilshire Blvd Suite 200

Santa Monica, California, 90401,

United States

310-998-8000

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Research containing Alpha Edison

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CB Insights Intelligence Analysts have mentioned Alpha Edison in 3 CB Insights research briefs, most recently on May 12, 2021.

Latest Alpha Edison News

NovaSignal Secures $37 Million in Series C1

Sep 29, 2021

Funding will enable further commercial growth and the expansion of clinical trials LOS ANGELES, September 28, 2021-- NovaSignal Corp., a medical technology and data company specializing in the assessment and management of brain health, announced today it has closed $37 million in a Series C1 round of funding. The company will use the capital to support NovaSignal’s continued commercial expansion, consistent delivery of product innovation, and new clinical trials to increase indications within and beyond stroke. The funding round was led by Alpha Edison and Reimagined Ventures. “Cerebral blood flow is a critical indicator of overall health, but it can be difficult to accurately assess. By applying robotics and artificial intelligence to ultrasound, NovaSignal uniquely captures cerebral hemodynamics in real time, enabling better and faster clinical decisions. The Series C1 funding is a strong endorsement of our technology and mission,” said Robert Hamilton, co-founder and Chief Scientific Officer of NovaSignal. Over the last twelve months, NovaSignal delivered significant advancements to the healthcare industry. Launched in April, the fully autonomous and cloud connected NovaSignal Platform is transforming stroke programs across the country by reducing the complexity of performing crucial cerebral assessments. The company also broadened its commercial footprint beyond the U.S. and Europe with a Health Canada license approval. “We have witnessed NovaSignal’s robust growth and laser focus on harnessing blood flow data to improve patient outcomes. We are excited to once again back NovaSignal and believe that its innovative approach has the potential to revolutionize patient care across a variety of disease areas,” said Nick Grouf, Managing Partner at Alpha Edison. “The transformative power of NovaSignal’s technology is clear. As a physician, I understand the importance of increasing access to safe and effective diagnostics for stroke. We look forward to NovaSignal’s continued momentum in delivering their platform into stroke programs across the US, Europe, and Canada,” said Dr. Ted Koutouzis, Managing Director at Reimagined Ventures. “The healthcare industry recognizes the need for faster and more accurate stroke diagnosis. Stroke is an interruption of blood flow to the brain. The NovaSignal Platform autonomously captures and analyzes cerebral blood flow data through the application of robotics, AI, and cloud computing. It is the only solution capable of democratizing cerebral blood flow assessment. The NovaSignal Platform will improve the standard of care for stroke patients, and we are determined to drive availability to the millions of people in the U.S. that suffer from neurological conditions every year,” said Diane Bryant, Chair and CEO of NovaSignal. About NovaSignal: Founded in 2013, NovaSignal Corp. is a medical technology company whose mission is to save lives by unlocking the power of cerebral blood flow data. The company’s FDA-cleared NovaGuide Intelligent Ultrasound combines non-invasive ultrasound, robotics, and artificial intelligence to assess cerebral hemodynamics in real time. Using cloud computing and data analytics, NovaSignal supports physicians in their clinical decision making in several neurological conditions including stroke, traumatic brain injury, and dementia. To learn more, visit novasignal.com. About Alpha Edison: Alpha Edison is an early-stage venture firm that partners with courageous entrepreneurs to build industry-changing technology platforms. We share our research and expertise in business model innovation to help ambitious founders create new markets, unlock latent demand, and scale businesses that change our world - for the better. Based in Los Angeles, CA, you can learn more about us at www.alphaedison.com. About Reimagined Ventures: Reimagined Ventures is an experienced and innovative family investment office which specializes in investing in, growing, and operating highly innovative companies across a variety of asset classes and industry sectors. Learn more at reimaginedventures.com. Contact:

Alpha Edison Investments

63 Investments

Alpha Edison has made 63 investments. Their latest investment was in Rize as part of their Series A on September 9, 2021.

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Alpha Edison Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/28/2021

Series A

Rize

$11.4M

Yes

2

9/28/2021

Series C

NovaSignal

$37M

No

2

9/27/2021

Seed VC - II

DressX

$1.3M

No

1

9/27/2021

Series A

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$99M

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10

9/21/2021

Seed VC

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$99M

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10

Date

9/28/2021

9/28/2021

9/27/2021

9/27/2021

9/21/2021

Round

Series A

Series C

Seed VC - II

Series A

Seed VC

Company

Rize

NovaSignal

DressX

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Amount

$11.4M

$37M

$1.3M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

2

2

1

10

10

Alpha Edison Portfolio Exits

2 Portfolio Exits

Alpha Edison has 2 portfolio exits. Their latest portfolio exit was Aspiration on August 18, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/18/2021

Acq - Pending

$991

1

00/00/0000

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10

Date

8/18/2021

00/00/0000

Exit

Acq - Pending

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

Alpha Edison Fund History

8 Fund Histories

Alpha Edison has 8 funds, including Alpha Edison II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/2/2020

Alpha Edison II

$86.12M

2

10/2/2020

Alpha Edison II-A

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$99M

10

4/29/2020

Alpha Edison Westwood I-A

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$99M

10

11/13/2018

Alpha Edison Westwood II

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$99M

10

12/31/2016

Alpha Edison

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$99M

10

Closing Date

10/2/2020

10/2/2020

4/29/2020

11/13/2018

12/31/2016

Fund

Alpha Edison II

Alpha Edison II-A

Alpha Edison Westwood I-A

Alpha Edison Westwood II

Alpha Edison

Fund Type

Subscribe to see more

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Subscribe to see more

Status

Amount

$86.12M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Alpha Edison Team

3 Team Members

Alpha Edison has 3 team members, including current Chief Operating Officer, Angela Sun.

Name

Work History

Title

Status

Angela Sun

Chief Operating Officer

Current

Nate Redmond

Managing Partner

Current

Nick Grouf

Managing Partner

Former

Name

Angela Sun

Nate Redmond

Nick Grouf

Work History

Title

Chief Operating Officer

Managing Partner

Managing Partner

Status

Current

Current

Former

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