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techcouncilventures.com

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Investments

42

Portfolio Exits

1

Funds

3

About Tech Council Ventures

Tech Council Ventures, the venture arm of TechUnited:NJ, makes early-stage venture capital investments in the mid-Atlantic region. The venture arm is based in New Brunswick, New Jersey.

Tech Council Ventures Headquarters Location

96 Albany Street

New Brunswick, New Jersey, 08901,

United States

856-273-6800

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Latest Tech Council Ventures News

CareAlign Raises Additional $2.3M Funding Round

Dec 3, 2021

CareAlign , a Philadelphia, PA-based task management system for health care providers, raised $2.3m in financing. Backers included new investors Hofmann Associates (lead), Gaingels and Harvard Angels and existing investors Tech Council Ventures, Boston Millennia Partners’ Founders Fund, Front Row Round and DreamIt. Two unnamed healthcare provider organizations also made commitments. The company intends to use the funds to expand both its sales force and its technology offerings. Led by Chief Executive Officer Subha Airan-Javia, MD, CareAlign provides a HIPAA compliant task management system for health care providers. The company initially validated its care coordination platform in acute care settings by reducing the amount of time clinicians spend in the EHR and improving patient outcomes. This year, CareAlign expanded to post-acute and outpatient care and recently started offering value-based care organizations solutions to help them manage patients as they transition across care settings. Features include an integrated, real-time “progress note” format that enables clinical professionals to understand a patients’ current state of health. Users are linked on a common communication thread and those who share patient caseloads can interact and create “checklists” during rounds to avoid errors. FinSMEs 02/12/2021

Tech Council Ventures Investments

42 Investments

Tech Council Ventures has made 42 investments. Their latest investment was in Vitalief as part of their Seed VC on May 5, 2022.

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Tech Council Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/5/2022

Seed VC

Vitalief

$2.75M

Yes

1

11/30/2021

Seed VC - II

CareAlign

$2.3M

No

4

3/5/2021

Series A

AdRich

Yes

1

12/14/2020

Seed VC

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10

7/29/2020

Seed VC

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$99M

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10

Date

5/5/2022

11/30/2021

3/5/2021

12/14/2020

7/29/2020

Round

Seed VC

Seed VC - II

Series A

Seed VC

Seed VC

Company

Vitalief

CareAlign

AdRich

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Amount

$2.75M

$2.3M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

4

1

10

10

Tech Council Ventures Portfolio Exits

1 Portfolio Exit

Tech Council Ventures has 1 portfolio exit. Their latest portfolio exit was Haptoguard on April 19, 2006.

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

4/19/2006

Acquired

$99M

Date

4/19/2006

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

Tech Council Ventures Fund History

3 Fund Histories

Tech Council Ventures has 3 funds, including Tech Council Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/20/2019

Tech Council Ventures II

Early-Stage Venture Capital

Open

$38.94M

5

3/20/2019

Tech Council Ventures II-AI

$99M

10

4/11/2002

NJTC Venture Fund

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$99M

10

Closing Date

3/20/2019

3/20/2019

4/11/2002

Fund

Tech Council Ventures II

Tech Council Ventures II-AI

NJTC Venture Fund

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$38.94M

$99M

$99M

Sources

5

10

10

Tech Council Ventures Team

2 Team Members

Tech Council Ventures has 2 team members, including current Chief Financial Officer, Marc Rappoport.

Name

Work History

Title

Status

Marc Rappoport

Chief Financial Officer

Current

Stephen Socolof

Managing Partner

Current

Name

Marc Rappoport

Stephen Socolof

Work History

Title

Chief Financial Officer

Managing Partner

Status

Current

Current

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