Investments
52Portfolio Exits
14Funds
13About Vast Ventures
Vast Ventures is the angel investment vehicle for Doug Chertok. Vast Ventures is a seed fund and incubator focused on sustainable industries, innovation, and digital media and marketing companies.
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Expert Collections containing Vast Ventures
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Synthetic Biology
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Latest Vast Ventures News
Aug 30, 2023
PatchRx , a Tulsa, OK-based medication management startup, raised $8M in funding. The round, which brought the total amount to $15M, was led by Atento Capital, with participation from Vast Ventures, Cortado Ventures, Forum Ventures, and Plains VC. The company intends to use the funds to expand operations and its business reach. Co-founded in 2018 by Andrew Aertker and Gavin Buchanan, PatchRx is a patient-focused medication management platform improving outcomes through connected technologies. It provides personalized support through a service that combines a patented universal smart pill bottle device with a provider web app and on-staff nurses. The patented technology has been deployed in over 40 clinics across the US from Alaska to New Jersey. In 2022, the company started offering a medication adherence platform under new Medicare RTM billing codes, creating an opportunity to engage various stakeholders of healthcare simultaneously. PatchRx is on track to also deploy its technology beyond pain management, in clinical trials, and in psychiatric markets. The company has experienced an accelerated period of growth in which they expanded from a team of 10 to 80+ employees and reached $4m in revenue in 12 months. FinSMEs
Vast Ventures Investments
52 Investments
Vast Ventures has made 52 investments. Their latest investment was in PatchRx as part of their Series B on August 8, 2023.
Vast Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/29/2023 | Series B | PatchRx | $8M | Yes | 2 | |
8/25/2023 | Pre-Seed | Base | $0.5M | Yes | Dhuna Ventures, Treble Capital, Undisclosed Angel Investors, and Vast Ventures | 1 |
3/29/2023 | Seed VC | Florence | $20M | Yes | 6 | |
12/8/2022 | Series A | |||||
6/29/2022 | Seed VC |
Date | 8/29/2023 | 8/25/2023 | 3/29/2023 | 12/8/2022 | 6/29/2022 |
|---|---|---|---|---|---|
Round | Series B | Pre-Seed | Seed VC | Series A | Seed VC |
Company | PatchRx | Base | Florence | ||
Amount | $8M | $0.5M | $20M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Dhuna Ventures, Treble Capital, Undisclosed Angel Investors, and Vast Ventures | ||||
Sources | 2 | 1 | 6 |
Vast Ventures Portfolio Exits
14 Portfolio Exits
Vast Ventures has 14 portfolio exits. Their latest portfolio exit was Ophelos on September 20, 2023.
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 |
|---|---|---|---|---|---|
9/20/2023 | Acquired | 2 | |||
5/10/2022 | Acquired | 4 | |||
9/17/2021 | Reverse Merger | 10 | |||
Date | 9/20/2023 | 5/10/2022 | 9/17/2021 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Reverse Merger | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 4 | 10 |
Vast Ventures Fund History
13 Fund Histories
Vast Ventures has 13 funds, including Vast Ventures-Studio SC.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
10/19/2020 | Vast Ventures-Studio SC | $3.54M | 1 | ||
2/22/2019 | Vast Ventures Transit III | Early-Stage Venture Capital | Closed | $0.16M | 1 |
2/20/2019 | Vast Ventures TimeMachine II | Early-Stage Venture Capital | Closed | $10M | 1 |
10/3/2017 | Vast Ventures Phosphorus | ||||
4/19/2017 | Vast Ventures Transit II |
Closing Date | 10/19/2020 | 2/22/2019 | 2/20/2019 | 10/3/2017 | 4/19/2017 |
|---|---|---|---|---|---|
Fund | Vast Ventures-Studio SC | Vast Ventures Transit III | Vast Ventures TimeMachine II | Vast Ventures Phosphorus | Vast Ventures Transit II |
Fund Type | Early-Stage Venture Capital | Early-Stage Venture Capital | |||
Status | Closed | Closed | |||
Amount | $3.54M | $0.16M | $10M | ||
Sources | 1 | 1 | 1 |
Vast Ventures Team
2 Team Members
Vast Ventures has 2 team members, including current Founder, General Partner, Doug Chertok.
Name | Work History | Title | Status |
|---|---|---|---|
Doug Chertok | Founder, General Partner | Current | |
Name | Doug Chertok | |
|---|---|---|
Work History | ||
Title | Founder, General Partner | |
Status | Current |
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