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Investments

91

Portfolio Exits

25

Funds

4

About Venture Capital Fund of New England

The Venture Capital Fund of New England's investment activities are characterized by: - A focus on early stage companies - A geographic concentration in the New England region - An emphasis on technology based enterprises - An additional interest in direct marketing - related businesses

Venture Capital Fund of New England Headquarter Location

30 Washington Street

Wellesley, Massachusetts, 02481,

United States

781-431-8400

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Latest Venture Capital Fund of New England News

Gravyty Raises $2M in Second Funding Round

May 29, 2018

Gravyty Technologies , a Boston, MA-based provider of AI-enabled fundraising software, completed its $2m second round of funding. The round was led by NXT Ventures and Launchpad Venture Group with participation from John Huysmans, Stage 1 Ventures, and The Venture Capital Fund of New England. The company intends to use the funds to expand customer success and marketing teams, accelerate the development of its suite of AI products, and improve the core technology. Founded in 2016 at Babson College by Adam Martel, CEO, and and Rich Palmer, CTO, Gravyty leverages artificial intelligence and machine learning to automate processes for frontline fundraisers, build lasting donor relationships and raise more revenue for their missions. First Draft, the company’s flagship product, delivers to fundraisers draft emails for their most important major and mid-level prospective donors throughout the year. Written using artificial intelligence, these emails can then be be edited and personalized instantly. By utilizing advanced machine learning techniques, First Draft learns from the user’s edits and refines its understanding of the fundraiser’s writing style and relationships with individual donors. FinSMEs 30/05/2018

Venture Capital Fund of New England Investments

91 Investments

Venture Capital Fund of New England has made 91 investments. Their latest investment was in Gravyty as part of their Seed VC on May 5, 2018.

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Venture Capital Fund of New England Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/24/2018

Seed VC

Gravyty

$2.01M

Yes

4

6/12/2015

Unattributed VC - IV

Emo Labs

$1.07M

No

1

7/29/2013

Series C

Micronotes

$1M

No

1

11/2/2012

Unattributed VC - III

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$99M

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10

6/5/2012

Series D

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$99M

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10

Date

5/24/2018

6/12/2015

7/29/2013

11/2/2012

6/5/2012

Round

Seed VC

Unattributed VC - IV

Series C

Unattributed VC - III

Series D

Company

Gravyty

Emo Labs

Micronotes

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Amount

$2.01M

$1.07M

$1M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

4

1

1

10

10

Venture Capital Fund of New England Portfolio Exits

25 Portfolio Exits

Venture Capital Fund of New England has 25 portfolio exits. Their latest portfolio exit was Gravyty on December 06, 2021.

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

12/6/2021

Merger

$99M

1

1/10/2018

Acquired - II

$99M

1

7/14/2017

Acquired

$99M

1

2/17/2017

Acquired

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$99M

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10

1/27/2017

Acquired

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$99M

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10

Date

12/6/2021

1/10/2018

7/14/2017

2/17/2017

1/27/2017

Exit

Merger

Acquired - II

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

1

10

10

Venture Capital Fund of New England Acquisitions

4 Acquisitions

Venture Capital Fund of New England acquired 4 companies. Their latest acquisition was LP Innovations on April 24, 2006.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/24/2006

$99M

Acquired

12/1/1992

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$99M

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10

1/15/1990

Series B

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$99M

$99M

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10

7/1/1986

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$99M

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10

Date

4/24/2006

12/1/1992

1/15/1990

7/1/1986

Investment Stage

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

10

10

10

Venture Capital Fund of New England Fund History

4 Fund Histories

Venture Capital Fund of New England has 4 funds, including Venture Capital Fund Of New England IV LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/1/2002

Venture Capital Fund Of New England IV LP

Early-Stage Venture Capital

Closed

$71M

1

2/28/1992

Venture Capital Fund Of New England III LP

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$99M

10

1/12/1986

Venture Capital Fund Of New England II LP

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$99M

10

12/31/1981

Venture Capital Fund Of New England LP

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$99M

10

Closing Date

7/1/2002

2/28/1992

1/12/1986

12/31/1981

Fund

Venture Capital Fund Of New England IV LP

Venture Capital Fund Of New England III LP

Venture Capital Fund Of New England II LP

Venture Capital Fund Of New England LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$71M

$99M

$99M

$99M

Sources

1

10

10

10

Venture Capital Fund of New England Team

8 Team Members

Venture Capital Fund of New England has 8 team members, including current Managing Director, Carl H. Novotny.

Name

Work History

Title

Status

Carl H. Novotny

Affinity Partners International

Managing Director

Current

Edward J Stewart

Kestrel Management

Managing Director

Current

Harry Healer

General Partner

Current

Scott Almeida

Intuit, AisleBuyer, Halpern Denny and Co., and Deloitte

Chief Financial Officer

Former

Karen McWade

Chief Financial Officer

Former

Name

Carl H. Novotny

Edward J Stewart

Harry Healer

Scott Almeida

Karen McWade

Work History

Affinity Partners International

Kestrel Management

Intuit, AisleBuyer, Halpern Denny and Co., and Deloitte

Title

Managing Director

Managing Director

General Partner

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Current

Former

Former

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