Investments
53Portfolio Exits
17About NJTC Venture Fund
NJTC Venture Fund supports entrepreneurs with capital and resources at the seed, start-up, and early stages of their business. The Fund focuses exclusively on New Jersey and its surrounding region. NJTC Venture Fund is an active investor, providing from $250K to $5 million of capital over the course of a company's development. The firm prefers to lead investments, typically in companies seeking $1-10 million of capital to achieve profitable, sustainable growth. NJTC Venture Fund generally views investments over a three to seven year horizon. NJTC seeks investment returns of 25+% compounded annually over a three to seven year period, equating to an expected return of approximately to a $5-10 return on each $1 invested. They have two offices in New Jersey - Mount Laurel and Woodbrige.

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Latest NJTC Venture Fund News
Mar 6, 2013
Venture Fund Member Profile Share This Profile: NJTC Venture Fund makes catalytic seed, startup, and early stage venture capital investments. The firm actively partners with entrepreneurs to build unique, leading-edge businesses that drive superior returns for investors and economic growth in the community. NJTC Venture Fund invests in entrepreneurial teams building defensible, market-leading companies. NJTC Venture Fund is an active investor, providing from $250K to $5 million of capital over the course of a company's development. We have a preference to lead investments, typically in companies seeking from $1 to $10 million of capital to achieve profitable, sustainable growth. NJTC Venture Fund is a patient investor with a three to seven year horizon and an understanding that building industry leaders with long-term value takes time. Joe Falkstein General Partner NJTC Venture Fund Joe has more than 17 years of experience in the venture-backed, technology industry. Prior to NJTC Venture Fund, he was a partner in Andersen's Growth Company and Technology Practice, specializing in information technology, communications and healthcare services. Joe is a CPA and a graduate of Temple University. Joe represents the Fund on the Boards of Archive Systems, Datagence, and Microplate Automation. He also sits on the Boards of the New Jersey Technology Council, the Rutgers Venture Advisory Board, and the Greater Philadelphia Venture Group. Representative Investments AEP Networks AEP Networks (formerly Netilla Networks) is the specialist in network and application access security. AEP's integrated suite of solutions -- spanning identity-based application security gateways, highly secure IPSec VPNs, SSL VPNs, and hardware security modules for key management - address the most demanding security and access requirements of public-sector and commercial enterprises worldwide. Valera Pharmaceuticals Valera Pharmaceuticals focuses on developing, acquiring, and commercializing specialty pharmaceuticals and, through internal R&D and strategic partnerships, is advancing the state-of-art of drug delivery with its innovative HydronImplant technology. InMat InMat develops nanocomposite barrier coatings using an aqueous suspension platform comprised of nanoclays and polymers for use in sporting goods, tires, product packaging, and chemical protection devices. Game Trust Game Trust helps game publishers sell and publish games using its technology. Over 25 games have already been developed using Game Trust technology. The company also sells virtual merchandise through games, including "extra lives," extra characters or tournament play options. Joe participated in the FundingPost event: Perfect Venture Conferenceon April 5-7, 2006 in NY, Sponsored by Merrill Lynch, Morrison & Foerster, PPS for Healthcare To list your Company on our website and make your profile available to Joe and 7,500+ other VCs and Angel Investors, Click Here. About FundingPost For over Fourteen Years FundingPost has worked with thousandsof Angel and Venture Capital Investors. We believe that it isimportant to reach investors in every medium possible -both online and offline. We have been directly responsible fortons of success stories and Millions and Millions of dollars raised.We look forward to introducing your company to the leading Venture and Angel Investors nationwide. Sign up now: Entrepreneurs / Investors Join the FundingPost email list and learn how, when and where you can meet these Investors: Other Venture Profiles:
NJTC Venture Fund Investments
53 Investments
NJTC Venture Fund has made 53 investments. Their latest investment was in Andrew Technologies as part of their Series B - II on December 12, 2015.

NJTC Venture Fund Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/17/2015 | Series B - II | Andrew Technologies | $7.78M | No | 1 | |
12/2/2014 | Growth Equity - V | InstaMed | $2M | No | 2 | |
9/24/2014 | Growth Equity - IV | InstaMed | $15M | No | 2 | |
5/31/2013 | Series B | |||||
5/6/2013 | Growth Equity - III |
Date | 12/17/2015 | 12/2/2014 | 9/24/2014 | 5/31/2013 | 5/6/2013 |
---|---|---|---|---|---|
Round | Series B - II | Growth Equity - V | Growth Equity - IV | Series B | Growth Equity - III |
Company | Andrew Technologies | InstaMed | InstaMed | ||
Amount | $7.78M | $2M | $15M | ||
New? | No | No | No | ||
Co-Investors | |||||
Sources | 1 | 2 | 2 |
NJTC Venture Fund Portfolio Exits
17 Portfolio Exits
NJTC Venture Fund has 17 portfolio exits. Their latest portfolio exit was InstaMed on May 17, 2019.
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 |
---|---|---|---|---|---|
5/17/2019 | Acquired | 6 | |||
4/24/2017 | Acquired | 1 | |||
3/1/2016 | Acq - Fin | 3 | |||
Date | 5/17/2019 | 4/24/2017 | 3/1/2016 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 6 | 1 | 3 |
NJTC Venture Fund Team
3 Team Members
NJTC Venture Fund has 3 team members, including current General Partner, Robert M. Chefitz.
Name | Work History | Title | Status |
---|---|---|---|
Robert M. Chefitz | General Partner | Current | |
Name | Robert M. Chefitz | ||
---|---|---|---|
Work History | |||
Title | General Partner | ||
Status | Current |