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Angel Investor (Group)
cherrystoneangelgroup.com

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Investments

45

Portfolio Exits

4

About Cherrystone Angel Group

Cherrystone Angel Group, based in Providence, offers early stage investment funds to companies in Rhode Island and nearby Connecticut and Massachusetts that need capital for growth.Cherrystone Angel Group, founded in 2004 with more than 30 members, is Rhode Island's first organized angel investment group.

Cherrystone Angel Group Headquarters Location

40 Westminster Street Ste. 702

Providence, Rhode Island, 02903,

United States

401.351.3036

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Latest Cherrystone Angel Group News

R.I. medical device innovators raise $500K

Jul 13, 2022

By TWO RHODE ISLAND pediatricians recently closed on $500,000 in funding, including an investment from Cherrystone Angel Group, for a medical device intended to make lumbar punctures less distressing for infants. / COURTESY CHERRYSTONE ANGEL GROUP PROVIDENCE – Two Rhode Island pediatricians recently closed on $500,000 in funding for a medical device intended to make lumbar punctures less distressing for infants. The procedure, which involves inserting a thin needle into the lower back to collect spinal fluid for testing, typically requires medical staff to hold an infant in place. But this method can reduce precision and require more than one attempt, causing additional distress for the baby. To make the procedure easier for doctors and more comfortable for infants, Rhode Island pediatricians Dr. Brian Alverson and Dr. Ravi D’Cruz founded SMöLTAP, which specializes in a medical device that holds an infant securely in place during a lumbar puncture. The company has so far raised $500,000 toward technology development, led by investments from the Foundation for the New England Medical Innovation Center, Cherrystone Angel Group and other investor groups. - Advertisement - Cherrystone, a Providence-based venture group, also made a recent investment in Jaia Robotics Inc., a Rhode Island aquatic technology company that in June announced it had surpassed $1 million in seed funding. “We want to help the economy flourish, bring more jobs and bring more companies,” said Ella Hood, managing director at Cherrystone. “We think Rhode Island has a lot of opportunities to grow.” Jacquelyn Voghel is a PBN staff writer. You may reach her at Voghel@PBN.com. Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber. TAGS

Cherrystone Angel Group Investments

45 Investments

Cherrystone Angel Group has made 45 investments. Their latest investment was in SMoLTAP as part of their Seed on July 7, 2022.

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Cherrystone Angel Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/12/2022

Seed

SMoLTAP

$0.5M

Yes

1

6/21/2022

Angel

Jaia Robotics

$1.57M

Yes

2

3/10/2017

Angel - II

Kalion

$0.52M

No

2

12/30/2016

Series B

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$99M

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10

8/22/2016

Series C

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$99M

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10

Date

7/12/2022

6/21/2022

3/10/2017

12/30/2016

8/22/2016

Round

Seed

Angel

Angel - II

Series B

Series C

Company

SMoLTAP

Jaia Robotics

Kalion

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Amount

$0.5M

$1.57M

$0.52M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

2

2

10

10

Cherrystone Angel Group Portfolio Exits

4 Portfolio Exits

Cherrystone Angel Group has 4 portfolio exits. Their latest portfolio exit was Respiratory Motion on June 01, 2022.

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

6/1/2022

Acquired

$99M

3

8/10/2017

Acquired

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$99M

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10

6/27/2014

Acquired

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$99M

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10

12/4/2010

Acquired

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$99M

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10

Date

6/1/2022

8/10/2017

6/27/2014

12/4/2010

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

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