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Venture Capital
njtcvc.com

Investments

53

Portfolio Exits

17

About 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.

Headquarters Location

1000 US Highway 9N Suite 106

Woodbridge, New Jersey, 07095,

United States

856-273-6800

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Latest NJTC Venture Fund News

Investor Profile: NJTC Venture Fund

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 Hydron™Implant 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.

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NJTC Venture Fund Investments Activity

investments chart

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

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$99M

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10

5/6/2013

Growth Equity - III

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$99M

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10

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

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Amount

$7.78M

$2M

$15M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

2

2

10

10

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

$99M

6

4/24/2017

Acquired

$99M

1

3/1/2016

Acq - Fin

$99M

3

12/22/2015

Acquired

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$99M

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10

3/30/2015

Acq - Fin

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$99M

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10

Date

5/17/2019

4/24/2017

3/1/2016

12/22/2015

3/30/2015

Exit

Acquired

Acquired

Acq - Fin

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

6

1

3

10

10

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

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Name

Robert M. Chefitz

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Work History

Title

General Partner

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Status

Current

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