Access to capital is pivotal to the growth of emerging New Jersey innovation-focused companies. Garden State businesses continue to attract the capital they need to grow. Below is a summary roundup by month of the many of the companies that have received investments, as well as a roundup by month of many mergers and acquisitions. Click on each company’s name to learn more.
Important note: The monthly summaries below are not intended to be exhaustive lists of all of the investments/mergers and acquisitions within New Jersey. They are are compiled from outside sources available to the New Jersey Economic Development Authority (NJEDA), including Pitchbook and Crunchbase, as well as other publicly-available websites.
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eXPLORE rECENT iNVESTMENTS AND mERGERS & aCQUISTIONS
December 2021 and Year to Date 2022 Data Coming Soon…
Investments
Organization Name Organization Website Organization Location Sector Organization Description Money Raised Announced Date Press Release Link Top 5 Investors Financing Note Funding Round Transaction Name Number of Investors Standard Industries http://www.standardindustries.com/ Parsippany Advanced Manufacturing Standard Industries manufactures roofing products intended to provide sustainable modern industrialism. $500,000,000 12/8/2021 https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/standard-industries-sets-call-for-500m-tap-of-4-375-notes-due-july-2030-67986625 N/A The company received $500 million of debt financing in the form of senior notes from Deutsche Bank, Mizuho Bank, TD Bank and other undisclosed lenders on December 8, 2021. The company also repaid $900 million of its term loan on December 8, 2021. Previously, the company received $2.5 billion of debt financing in the form of a term loan B from undisclosed lenders in August 2021. Debt financing Series A - WhizAI 1 CompoSecure http://www.composecure.com/ Somerset Advanced Manufacturing CompoSecure designs and manufactures premium metal financial cards. $175,000,000 12/28/2021 https://aithority.com/technology/analytics/business-intelligence/composecure-and-roman-dbdr-tech-acquisition-corp-announce-closing-of-business-combination/ BlackRock, Highbridge Capital Management Post-IPO Equity Venture Round - Diamond Communications 1 Aerie Pharmaceuticals http://www.aeriepharma.com/ Bedminster Life Science Aerie Pharmaceuticals is focused on developing products for the pharmaceutical treatment of glaucoma. $88,000,000 12/7/2021 https://wraltechwire.com/2021/12/07/glaucoma-treatment-deal-lands-durham-pharma-aerie-88m-up-front/#:~:text=Glaucoma%20treatment%20deal%20lands%20Durham%20pharma%20Aerie%20%2488M%20up%20front,-Aerie%20Pharmaceuticalseye&text=DURHAM%20%E2%80%93%20A%20licensing%20deal%20for,are%20met%2C%20Aerie%20announced%20Tuesday. N/A Post-IPO Equity Venture Round - Genomic Prediction N/A Reliance Global Group https://www.relianceglobalgroup.com/ Lakewood Financial & Professional Services Reliance Global Group is an insurance company combining advanced technologies of a traditional insurance agency. $20,000,000 12/23/2021 N/A N/A Post-IPO Equity Pre Seed Round - Clueby 1 Beam (Stealth) Sparta Technology Beam is the developer of technology, content, and marketplaces platform designed to enhance communication, collaboration, and consumer experience. $14,220,000 12/9/2021 N/A Fortune500 Insurance Company The company raised $14.22 million of seed funding from undisclosed investors on December 9, 2021. Venture - Series Unknown Non Equity Assistance - Kiswe N/A Genomic Prediction https://www.lifeview.com/ North Brunswick Life Science Genomic Prediction provides advanced genetic testing for IVF. $11,999,988 12/15/2021 https://www.intelligence360.news/north-brunswick-new-jersey-based-genomic-prediction-is-raising-12000000-00-in-new-equity-investment/ AAF Managment Ltd.; Vulcan Capital Venture - Series Unknown Seed Round - North Lake Supply N/A Logical Buildings https://logicalbuildings.com/ Livingston Clean Energy Logical Buildings is a smart building and grid-edge energy management software company. $10,000,000 12/9/2021 https://www.power-grid.com/smart-grid/vpp-software-provider-startup-logical-buildings-raises-10m/?fr=operanews Keyframe Capital Partners Series D Post-IPO Equity - Reliance Global Group N/A WhizAI https://whiz.ai/ Somerset Life Science WhizAI offers an e augumented analytics platform used for consumers purpose. $8,000,000 12/14/2021 https://pulse2.com/whizai-secures-8-million-in-series-a-funding/?utm_source=dlvr.it&utm_medium=twitter Vertical Venture Partners Series A Series A - Singularity Systems N/A BioAegis Therapeutics http://www.bioaegistherapeutics.com/ North Brunswick Life Science BioAegis Therapeutics operates a clinical-stage drug development platform intended to facilitate the treatment of inflammation and infectious diseases. $7,000,000 12/31/2021 N/A National Institute Of Allergy and Infectious Diseases The company raised Series C venture funding from undisclosed investors on January 24, 2022. Prior to that, the company raised $7 million of venture funding from undisclosed investors on October 7, 2020. Out of the total amount, $7 million was originally raised in the form of convertible debt which subsequently got converted into equity. The funds will be used for phase 2 drug trials. Venture - Series Unknown Series A - DiRx Health N/A Diamond Communications http://diamondcomm.com/ Short Hills Financial & Professional Services Diamond Communications LLC engages in the acquisition and management of communication towers and colocation structures in the United $6,300,000 12/15/2021 https://www.prnewswire.com/news-releases/cit-provides-6-3-million-financing-to-diamond-communications-llc-301445002.html CIT Group Venture - Series Unknown Post-IPO Equity - CompoSecure 2 Sparta Biomedical http://www.sparta-biomedical.com/ Madison Life Science Sparta Biomedical's mission is to provide improvements to orthopaedic surgeons that fundamentally restore movement for their patients. $5,280,000 12/14/2021 https://www.finsmes.com/2021/12/sparta-biomedical-raises-5m-in-seed-financing.html Duke Angel Network, Ken Gall, Nanosha Seed N/A CircleBlack https://circleblack.com/ Trenton Technology CircleBlack is a financial technology firm that provides wealth management solutions. $4,323,790 12/7/2021 N/A N/A Seed N/A DiRx Health https://dirxhealth.com/ East Brunswick Life Science DiRx is a digital pharmacy that offers safe, affordable, in-home delivery of generic medications to US consumers with no insurance needed. $4,250,000 12/28/2021 https://www.businesswire.com/news/home/20211228005157/en/Rapidly-Emerging-Digital-Health-Company-DiRx-Raises-10-Million-in-Series-A-Funding N/A Series A N/A Telegrid https://telegrid.com/ East Hanover Technology Telegrid is the developer of tactical communications equipment designed to serve the US military and governmental agencies. $3,700,000 12/9/2021 N/A United States Department of Defense The company raised $3.70 million of angel funding from undisclosed investors on December 9, 2021. Angel Venture N/A Sunflow https://getsunflow.com/ Short Hills Technology Sunflow designs and manufactures a premium beach brand intended to provide beach chairs and other accessories. $3,500,000 12/1/2021 https://www.lelezard.com/en/news-20180788.html FOD Capital, Great Oaks Venture Capital The company raised $3.5 million of venture funding in a deal led by FOD Capital in December, 2021. Great Oaks Venture Capital also participated in the round. The funds will be used for the expansion of the company's product suite, distribution channels, and team. Venture - Series Unknown N/A Bloqcube https://bloqcube.com/ Piscataway Technology Bloqcube is the developer of an integrated software designed for clinical trials operations in drug development for healthcare, life sciences and the pharma industry. $3,000,000 12/31/2021 N/A N/A The company raised $3 million of seed funding through a combination of equity and convertible debt from undisclosed investors on December 31, 2021, putting the company's pre-money valuation at $15 million. Venture - Series Unknown N/A Cos�n https://www.cosangroup.com/ Moorestown Life Science Cos�n is a developer of a preventative care coordination tool designed to help physicians, healthcare organizations and payers improve patient outcomes. $1,890,000 12/28/2021 N/A Generator Ventures, Ziegler The company raised $1.89 million of convertible debt financing from undisclosed investors on December 28, 2021. Venture - Series Unknown N/A Sweet https://sweet.io/ Morristown Technology Sweet operates a blockchain-based social loyalty platform intended to offer fan engagement service. $1,800,000 12/3/2021 Animoca Brands, Flight Ventures, Orillion The company raised $1.80 million of Series B venture funding from undisclosed investors on December 3, 2021, putting the company's pre-money valuation at $210 million. The funds will be used in aggressively expanding the company, as well as broaden and accelerate product development. Venture - Series B N/A Candlestick http://www.candlestick.ai/ Nutley Technology Candlestick provides artificial-intelligence-powered stock picking services intended to assist retail investors to get proper returns in the market. $650,000 12/14/2021 N/A N/A The company raised $650,000 of seed funding from an undisclosed investor on December 14, 2021, putting the company's pre-money valuation at $2,500,000. Venture - Seed Unknown N/A North Lake Supply https://www.northlake.supply/ Augusta Non-Retail Food & Beverage North Lake Supply is an adult-use cannabis cultivation and manufacturing applicant. $500,000 12/22/2021 N/A N/A Seed N/A DailyBot https://www.dailybot.com/ Westwood Technology DailyBot is the operator of an in-chat automation platform designed to automate daily workflows like stand-ups, team check-ins, give kudos to teammates or even create their own chat-automation for their back-office with no-code or low-code. $125,000 12/15/2021 https://www.dailybot.com/blog-post/dailybot-joins-y-combinators-summer-21-batch Y Combinator The company joined Y Combinator as a part of their Summer Cohort 2021 on December 15, 2021 and received $125,000 in funding in the form of SAFE notes. Venture - Series Unknown N/A Integra Network Solutions https://www.integra-ns.com/ Parsippany Technology Integra Network Solutions is a provider of cellular services intended to offer cellular and public safety wireless solutions. $55,000 12/22/2021 N/A N/A The company raised $55,000 of angel funding in the form of SAFE notes from undisclosed investors on December 22, 2021. Venture - Series Unknown N/A Pedul https://www.pedul.com/ Newark Technology Pedul operates an online education crowdfunding platform. $20,000 12/6/2021 https://www.pedul.com/2021/12/13/newark-startup-selected-for-techstars-accelerator/ Techstars, Techstars Workforce Development Accelerator Seed Post-IPO Equity - Aerie Pharmaceuticals N/A Triman Industries http://www.trimanindustries.com/ West Berlin Financial & Professional Services Triman Industries is the provider of distribution, supply chain, and repair management services intended for the military aftermarket. Undisclosed 12/21/2021 https://www.kroll.com/en/transactions/m-and-a/sell-side-advisor-crestwood-technology-group AE Industrial Partners The company received debt financing in the form of a loan from Audax Group on December 21, 2021. The funds will be used to support future acquisitions. Venture - Series Unknown Seed Round - Pedul 2 Endcrawl https://endcrawl.com/ Montclair Technology Endcrawl is the developer of a sales-as-a-service platform designed for managing and rendering end credits for film, television and other creative works. Undisclosed 12/1/2021 N/A Calm Company, Sahil Lavingia, Steven Klein, Tyler Tringas The company raised an undisclosed amount of venture funding from Calm Company, Tyler Tringas and Sahil Lavingia in December 2021. Steven Klein (Los Angeles) also participated in the round. Venture - Series Unknown Private Equity Round - Curexa Pharmacy 1 Clueby https://clueby.com/ Jersey City Technology Clueby provides paid Question and Answer sessions between influencers and people who want to reach them to get advice or opinion. N/A 12/15/2021 N/A Geek Ventures Pre-Seed Curexa Pharmacy https://www.curexa.com/ Egg Harbor Township Life Science Curexa Pharmacy is a medicine distribution firm that offers general compounding medication services. N/A 12/4/2021 https://www.globenewswire.com/en/news-release/2021/12/04/2346129/0/en/Pouschine-Cook-Capital-Management-Announces-Investment-in-Curexa-Pharmacy.html Pouschine Cook Capital Management Private Equity Seed Round - CircleBlack N/A Drone Express https://droneexpress.com/ East Hanover Transportation & Logistics Drone Express is a full-service logistics company that uses airborne autonomous drones for local package delivery. N/A 12/9/2021 N/A N/A Seed Series D - Logical Buildings 1 Singularity Systems https://singularitysystems.com/ Princeton Technology Singularity Systems is the developer of a software platform that offers computer vision-based machine learning. N/A 12/24/2021 https://pandaily.com/ai-startup-singularity-systems-receives-investment-in-round-a-financing/ BitRock Capital, INCE Capital Series A Seed Round - Drone Express N/A Kiswe http://kiswe.com/ New Providence Technology Kiswe is a video technology startup providing live media solutions to sports and entertainment content owners. N/A 12/21/2021 https://www.startupbootcamp.org/blog/2021/12/startupbootcamp-scale-osaka-onboards-10-startups-to-their-program-to-drive-impact-for-smart-cities-in-osaka-japan/ Startupbootcamp Scale Osaka Non-equity Assistance Seed Round - Sparta Biomedical 3
Investments
Organization Name | Organization Website | Organization Location | Sector | Organization Description | Funding Amount | Announced Date | Press Release Link | Top 5 Investors | Funding Round |
Celsius Network | https://celsius.network/ | Hoboken, NJ | Technology | Celsius Networks is the developer of an online financial platform designed to facilitate secure digital trading of assets. | $750,000,000.00 | 11/24/2021 | https://finance.yahoo.com/news/celsius-network-series-b-expands-043532341.html | Alpha Sigma Capital, Basis Vectors, Caisse de dépôt et placement du Québec, Exnetwork Capital, Governing Dynamics, Gumi Cryptos Capital, Rhodium, Starta Ventures, Tether International, Tokentus, ValueNet Capital, WestCap Group | Series B |
Outlook Therapeutics | https://outlooktherapeutics.com/ | Parsippany | Life Sciences | Outlook Therapeutics is a biopharmaceutical company focused on developing and commercializing monoclonal antibody biosimilar therapeutics. | $57,500,000.00 | 11/29/2021 | https://ir.outlooktherapeutics.com/news-releases/news-release-details/outlook-therapeutics-announces-closing-575-million-bought-deal | N/A | Post-IPO Equity |
Starton Therapeutics | https://startontx.com/ | Paramus, NJ | Life Sciences | Starton Therapeutics is the developer of a transdermal patch technology intended for people with cancer to receive continuous treatment. | $25,000,000.00 | 11/19/2021 | _ | MBX Capital | Early Stage Venture - Series Unkown |
Onkos Surgical | http://www.onkossurgical.com/ | Parsippany, NJ | Life Science | Onkos Surgical manufactures surgical devices and technologies designed to be utilized in oncological surgeries. | $7,500,000.00 | 11/18/2021 | _ | 1315 Capital, 3D Systems, Canaan Partners, SV Health Investors | Venture - Series Unknown |
DolphinDB | https://dolphindb.com/ | Jersey City, NJ | Technology | DolphinDB is the developer of a big data analytical system designed to provide unlimited data scaling capacity. | $15,630,000.00 | 11/23/2021 | https://www.dealstreetasia.com/stories/dolphindb-bags-15m-273465 | Everest VC, F&G Ventures, Kaitai Capital, The Cathay Funds | Series B |
GPARENCY | https://gparency.com/ | Princeton | Financial & Professional Services | GPARENCY is a commercial mortgage brokerage that operates under an innovative pricing model that enables borrowers to secure funding using a customizable fixed-fee membership model. | $14,800,000.00 | 11/26/2021 | https://cheddar.com/media/gparency-raises-15-million-to-revolutionize-commercial-real-estate-industry | N/A | Seed |
Disprz | https://www.disprz.com/ | West Orange, NJ | Technology | Disprz has developed a mobile learning and engagement platform designed to help organizations digitally onboard, up-skill, continuously develop, and empower employees across organizational ranks. | $13,000,000.00 | 11/18/2021 | _ | Akshay Soni, Auctus Capital, Dallas Venture Capital, GO1, IL&FS Investment Managers Limited, InnoVen Capital, Kae Capital, KOIS, Mars Growth Capital, Oracle, Rajeev Grover, Sameer Khetarpal, Smita Nair, T S Hariharan, VentureOutNY | Series B |
Sfara | https://www.sfara.com/ | Hoboken | Technology | Sfara seeks to advancing mobile safety technology at home, in the workplace, and everywhere in between through patented machine learning algorithms and the raw processing power and sensors of today’s smartphones and tablets. | $11,500,000.00 | 11/18/2021 | https://www.sfara.com/new-fnol-solutions-recognized-as-sfara-raises-11-5m-in-oversubscribed-series-b-to-accelerate-sales-of-breakthrough-tech/ | Empede Capital | Series B |
Limit Financial (LimitFi) | https://limitfi.com/ | Howell | Financial & Professional Services | Limit Financial is a managing general underwriter (MGU) that specializes in credit insurance and reinsurance solutions. | $3,750,000.00 | 11/9/2021 | https://ir.siriusgroup.com/press-releases/news-details/2021/LimitFi--SiriusPoint-Announce-Multi-Year-Underwriting-Partnership-and-Strategic-Investment/default.aspx | N/A | Venture - Series Unknown |
TELEGRID Technologies | https://telegrid.com/ | Cresskill | Technology | TELEGRID Technologies is the parent company of Drone Express, which provides drone package delivery-as-a-service. | $3,700,000.00 | 11/24/2021 | _ | GAA Investments, Winsupply Inc. | Seed |
Audience Town | http://www.audiencetown.com/ | Newark, NJ | Technology | Audience Town is the developer of an advertising technology platform designed for real estate and home marketers looking to drive qualified leads and business outcomes. | $3,220,000.00 | 11/16/2021 | _ | Aperiam Ventures, Moderne Ventures, Wasatch Energy Group | Venture - Series Unknown |
Longevica | https://www.longevica.com/ | Princeton | Life Sciences | Longevica is a science-driven company with a mission to find mechanisms of life extension. | $2,500,000.00 | 11/24/2021 | https://www.mobihealthnews.com/news/longevica-raises-25m-longevity-healthy-aging-research-platform | Xploration Capital | Venture - Series Unknown |
Critical Response Group | https://www.crgplans.com/ | Princeton | Technology | Critical Response Group uses technology and training techniques to improve public safety. | $1,325,000.00 | 11/29/2021 | _ | N/A | Venture - Series Unknown |
BlinkLab | https://blinklab.org/ | Princeton | Technology | BlinkLab offers an app to diagnose and monitor neurological disorders such as autism using advanced facial recognition and artificial intelligence techniques. | $1,200,000.00 | 11/15/2021 | https://blinklab.org/blinklab-successfully-closed-its-seed-funding-round/ | GAA Investments, Winsupply Inc., Princeton University | Seed |
Expecting.ai | https://expecting.ai/ | Hopewell | Life Science | Expecting is an online resource that gathers surrogates, egg donors and fertility agencies, all in one place. | $1,000,000.00 | 11/15/2021 | https://www.startuphub.ai/its-a-match-expecting-the-startup-thats-digitizing-the-surrogate-and-egg-donor-search-raises-1-million/#:~:text=Expecting%2C%20a%20tech%20startup%20that,from%20US%20and%20Israeli%20investors. | N/A | Seed |
CaptuRisk Inc. | https://capturisk.com/ | Cranbury | Technology | CaptuRisk Inc. offers automated valuation and loan decisioning technology for commercial mortgage. | $240,000.00 | 11/1/2021 | _ | N/A | Pre-Seed |
Khal.com | https://khal.com/ | Jersey City, NJ | Technology | Khal.com operates a social cooking website intended to help users from all over the world to show their cooking skills. | $235,350.00 | 11/10/2021 | https://startupsavant.com/news/khal-regulation-crowdfunding | N/A | Crowdfunding |
Artherium | https://www.artherium.com/ | Short Hills | Technology | Artherium offers a platform to track sales data on the primary art market. | $50,000.00 | 11/2/2021 | _ | Techstars, Techstars Future of Longevity Accelerator | Pre-Seed |
HealthHive, PBC | https://healthhive.org/ | Mountainside | Technology | HealthHive supports the evolution of value-based care through its patient-centered business-to-business sales as a service platform. | $20,000.00 | 11/10/2021 | https://www.prweb.com/releases/techstars_announces_future_of_longevity_class_of_2021/prweb18323603.htm | Evolution Capital Partners | Pre-Seed |
Eventcombo | http://www.eventcombo.com/ | Jersey City, NJ | Technology | Eventcombo has developed a hybrid enterprise event management platform intended to engage the audience. | $13,461.00 | 11/15/2021 | https://www.eventcombo.com/a/817/invest-in-the-disruption-of-events-on-startengine | HireCapital, Kim Goh, Maneesh Kapoor, Peta Cooper, Sridhar Vemuri | Crowdfunding |
Municipal Finance & Services | N/A | Clark, NJ | Technology | Municipal Finance & Services operates a cloud-based digital payments platform intended for the local government sector. | N/A | 11/11/2021 | N/A | ||
LEW Corporation | https://lewenvironmental.com/ | Hoboken | Financial & Professional Services | LEW Corporation is an environmental testing & consulting company providing various types of environmental engineering & consulting services. | N/A | 11/2/2021 | https://www.prnewswire.com/news-releases/evolution-capital-partners-makes-investment-in-new-jersey-environmental-services-firm-301413333.html | Bosch, Cultivation Capital | Private Equity |
Epygenix Therapeutics | http://www.epygenix.com/ | Paramus, NJ | Life Science | Epygenix Therapeutics is a developer of precision medicine designed to treat rare and catastrophic forms of genetic epilepsy. | N/A | 11/1/2021 | _ | Mstone Partners, Proioxis Ventures | Later Stage VC |
Digital Prime Technologies | http://digitalprimetechnologies.com/ | Jersey City, NJ | Technology | Digital Prime Technologies offers customizable prime brokerage technology solutions for financial institutions. | N/A | 11/19/2021 | https://www.prnewswire.com/news-releases/digital-prime-technologies-secures-strategic-investment-from-cowen-301428441.html | Aves Lair, Cowen & Company | Equity Crowdfunding |
Mergers and Acquisitions
Organization Name | Organization Website | Organization Location | Sector | Acquiree Description | Acquisition Description | Acquisition Price (in USD) | Acquiring Firm | Press Release Link | Acquisition Type |
G2O Technologies | https://g2otech.com/ | Phillipsburg, NJ | Transportation & Logistics | G2O Technologies supplies specialty chemicals for the water, wastewater treatment, and industrial manufacturing markets. | G20 Technologies announced on 11/2/21 that it had merged with USALCO for an undisclosed amount | N/A | USALCO | https://www.businesswire.com/news/home/20211102005264/en/H.I.G.-Capital-Portfolio-Company-USALCO-Completes-Merger-with-G2O-Technologies | Merger |
Guidemark Health | http://guidemarkhealth.com | Parsippany, NJ | Financial & Professional Services | Guidemark Health is a marketing and advertising company providing healthcare communication services. | Guidemark Health announced on 11/2/2021 that it was acquired by Arsenal Capital Partners on via a leveraged buyout for an undisclosed amount. | N/A | Arsenal Capital Partners | https://www.prnewswire.com/news-releases/arsenals-value-demonstration-business-acquires-guidemark-health-301413929.html | Leveraged Buyout |
United Silicon Carbide (USCi) | http://unitedsic.com/ | Monmouth Junction, NJ | Clean Energy | USCi offers technology and products enable affordable power efficiency in key markets that will drive the new and greener economy. | United Silicon Carbide announced on 11/3/2021 that it was acquired by Qorvo for an undisclosed amount. | N/A | Qorvo | https://www.mwrf.com/technologies/semiconductors/article/21212527/microwaves-rf-qorvo-acquires-united-silicon-carbide-unitedsic | Acquisition |
EmconIT | https://emconit.com/ | Brick, NJ | Financial & Professional Services | EmconIT is a third-party hardware maintenance provider. | EmconIT announced on 11/3/2021 that it was acquired by Evernex for an undisclosed amount. | N/A | Evernex | https://www.evernex.com/news/evernex-acquires-emcon-it-and-strengthens-its-presence-in-north-america/ | Acquisition |
BGS Water Watch | http://bgswater.com/ | Lakewood, NJ | Financial & Professional Services | BGS Water Watch is a well established online control and water monitoring company. | BGS Water Watch announced on 11/24/2021 that it was acquired by Runwise for an undisclosed amount. | N/A | Runwise | https://www.prnewswire.com/news-releases/runwise-acquires-bgs-water-watch-301414431.html | Acquisition |
DB Technology | http://www.dbtech.com | Clark, NJ | Life Sciences | dbtech offers document management services that provide downtime solutions and eForms for streamlined workflows and improved patient data security. | DB Technology was acquired by Dura Software on 11/9/2021 for an undisclosed amount. | N/A | Dura Software | https://dbtech.com/blog/dura-software-acquires-workflow-automation-software-company-db-technology/ | Acquisition |
MedActionPlan | https://medactionplan.com/ | Peapack, NJ | Life Sciences | MedActionPlan is a provider of medication safety, adherence technology, and patient education for transplant patients. | MedActionPlan announced on 11/10/2021 that it was acquired by CareDx for an undisclosed amount. | N/A | CareDx | https://www.globenewswire.com/news-release/2021/11/10/2331349/31386/en/CareDx-Acquires-MedActionPlan-to-Directly-Support-Patients-with-Better-Adherence.html | Acquisition |
Diopsys | http://diopsys.com | Pine Brook, NJ | Life Science | Diopsys is a medical devices company offering electroretinography (ERG) and visual evoked potential (VEP) vision testing solutions. | Diopsys was acquired by LumiThera on 11/11/2021 for an undisclosed amount | N/A | LumiThera | https://www.prnewswire.com/news-releases/lumithera-inc-announces-completion-of-diopsys-inc-acquisition-301494735.html#:~:text=Diopsys%20is%20now%20a%20wholly,System%2C%20LumiThera%27s%20leading%20treatment%20platform. | Acquisition |
Bergen Logistics | http://bergenlogistics.com | North Bergen, NJ | Transportation & Logistics | Bergen Logistics is a logistics company that offers order fulfillment solutions. | Bergen Logistics acquired by Elanders on 11/11/2021 for an undisclosed amount | N/A | Elanders | https://www.globenewswire.com/en/news-release/2021/11/22/2338997/0/en/Elanders-acquisition-of-Bergen-Logistics-is-now-completed.html | Acquisition |
Genesis Research | https://www.genesisrg.com | Hoboken, NJ | Life Sciences | Genesis Research is a global life sciences research and consulting company. | Genesis Research acquired by GHO Capital on 11/15/2021 for $275 million. | $275,000,000.00 | GHO Capital | https://www.bloomberg.com/press-releases/2021-11-16/gho-capital-acquires-genesis-research-a-pioneer-in-tech-enabled-real-world-evidence-and-heor-services | Acquisition |
Malka Media Group | http://www.malkamediagroup.com | Jersey City, NJ | Financial & Professional Services | Malka Media produces amazing content spanning design, video, animation, and virtual reality. | Malka Media Group announced on 11/16/2021 that it was acquired by Money Lion for an undisclosed amount. | N/A | MoneyLion | https://www.businesswire.com/news/home/20211116005479/en/MoneyLion-Acquires-Leading-Creator-Network-and-Content-Platform-MALKA-Media | Acquisition |
Vonage | http://www.vonage.com | Holmdel, NJ | Technology | Vonage is a provider of cloud-based communications to businesses and consumers. | Vonage acquired by Ericsson on 11/22/2021 for $6.2 billion. | $6,200,000,000.00 | Ericsson | https://www.fiercewireless.com/wireless/ericsson-acquire-vonage-whopping-62b | Acquisition |
Flow Commerce | http://www.flow.io | Hoboken, NJ | Financial & Professional Services | Flow Commerce offers a platform that enables e-commerce companies to go global. | Flow Commerce announced on 11/24/2021 that it was acquired by Global-e for $500 million. | $500,000,000.00 | Global-e | https://www.globenewswire.com/en/news-release/2022/01/04/2361207/0/en/Global-e-Announces-Closing-of-Acquisition-of-Flow-Commerce-and-Expansion-of-its-Leadership-Team.html | Acquisition |
Dynamic Imaging Systems | http://www.dynamicimaging.com/ | Marlton, NJ | Technology | Dynamic Imaging Systems provides innovative software solutions. | Dynamic Imaging announced on 11/29/2021 that it was acquired by Global Public Safety for an undisclosed amount. | N/A | Global Public Safety | https://www.harriscomputer.com/news/en/newsdate1638162000articleharris-enhances-its-public-safety-portfolio-with-the-acquisition-of-dynamic-imaging-systems-inc-#:~:text=Ottawa%2C%20ON%2C%20November%2029%2C,(Dynamic%20Imaging). | Acquisition |
Tower Fund Services | https://towerfundservices.com/ | Oceanport, NJ | Financial & Professional Services | Tower Fund Services is a fund startup consulting firm that offers accounting, valuation and reporting services to various industries. | Tower Fund Services announced on 11/30/2021 that it was acquired by STP Investment Services on for an undisclosed amount. | N/A | STP Investment Services | https://www.businesswire.com/news/home/20211130005346/en/STP-Investment-Services-Acquires-Tower-Fund-Services | Acquisition |
Company: Celsius Network
Location: Hoboken, NJ
Sector: Cryptocurrency | Celsius Network offers curated financial services that are not available through traditional financial institutions.
Deal Synopsis: Celsius Network announced on October 12th that it has raised $400 million of Series B venture funding.
Investor(s): Deal led by Caisse de dépôt et placement du Québec and WestCap Group
Pitchbook Profile Page: https://pitchbook.com/profiles/company/224501-05
News Release: https://www.ft.com/content/b47c9499-f4a6-46f4-991b-e8f7f20d49e2
Company: HR Acuity
Location: Florham Park, NJ
Sector: Computer Software | HR Acuity offers employee relations case management solutions by equipping organizations with built-in expertise to achieve consistency in the way they track, investigate, and analyze employee issues.
Deal Synopsis: HR Acruity announced on October 19th that it received has $47 million in private equity.
Investor(s): K1 Investment Management
Crunchbase Profile Page: https://www.crunchbase.com/organization/hr-acuity
News Release: https://k1capital.com/hr-acuity-secures-47-million-investment-from-k1-to-scale-its-cloud-solutions-for-employee-relations/
Company: Duality Technologies
Location: Newark, NJ
Sector: Cybersecurity | Duality Technologies offers a platform designed to empower organizations to securely apply advanced analyses and Artificial Intelligence to data while it is encrypted.
Deal Synopsis: Duality Technologies announced on October 5th that it has raised $30 million in Series B funding.
Investor(s): Round led by LG Technology Ventures. Commitments also came from Euclidean Capital, the National Bank of Canada’s corporate venture capital arm NAventures, Intel Capital, Hearst Ventures and Team8.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/234579-61#overview
News Article: https://member.fintech.global/2021/10/06/data-security-solution-duality-technologies-hits-series-b-close-cybertech/
Company: Eos Energy Storage
Location: Edison, NJ
Sector: Clean Technology | Eos Energy Storage develops and manufactures Znyth® aqueous zinc battery that is designed to overcome the limitations of conventional lithium-ion technology.
Deal Synopsis: Eos Energy Storage announced on October 5th that it has entered into a $25 million equipment financing agreement.
Investor(s): Trinity Capital, Inc.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/54113-50
News Release: https://investors.eose.com/news-releases/news-release-details/eos-energy-enterprises-announces-25-million-equipment-financing
*Eos Energy Storage previously benefited from the NJEDA’s Angel Investor Tax Credit Program, NOL Program, and Edison Innovation Green Growth Fund (EIGGF).
Company: Neumentum
Location: Morristown, NJ
Sector: Pharmaceuticals | Neumentum is a neurology specialty pharmaceutical company that develops and commercializes novel non-opioid pain products.
Deal Synopsis: Neumentum announced on October 20th that it had raised $13.3 million in venture funding.
Investor(s): N/A
Pitchbook Profile Page: https://www.crunchbase.com/organization/neumentum
News Release: N/A
Company: Swft (Also known as Rideswft)
Location: Edison, NJ
Sector: Computer Software | Swft operates as an electric mobility startup.
Deal Synopsis: Swft announced on October 14th that it has raised $10 million in seed financing.
Investor(s): Round was led by Martin Lauber, Mark Joseph, and David Zwick.
Crunchbase Profile Page: https://www.crunchbase.com/organization/swft
News Release: https://www.finsmes.com/2021/10/swft-raises-10m-in-seed-funding.html
Company: Volante Technologies
Location: Jersey City, NJ
Sector: Financial Services, Computer Software | Volante Technology provides cloud payments and financial messaging solutions to accelerate digital transformation.
Deal Synopsis: Volante Technologies announced on October 20th that it has received $10 million in growth funding.
Investor(s): Wells Fargo Strategic Capital
Crunchbase Profile Page: https://www.crunchbase.com/organization/volante-technologies
News Article: https://thepaypers.com/online-mobile-banking/volante-technologies-gets-usd-10-mln-investment-from-wells-fargo–1252251
Company: ContainIQ
Location: Hoboken, NJ
Sector: Information Technology | ContainIQ offers its customers Kubernetes software designed to focus on monitoring, cost optimization, and support. The company’s software offers a backend dashboard, third-party integrations, slack channel, monitoring key metrics, Kubernetes event monitoring and alerting, and other related services.
Deal Synopsis: ContainIQ announced on October 12th that it has closed on a $2.5 million round of seed funding.
Investor(s): Backers included Lachy Groom Fund, Y Combinator, Taurus Ventures, Pioneer Fund, ACTAI Ventures, and entrepreneurs including John Kim of SendBird, Michael Grinich of WorkOS, Rohit Mittal of Stilt, and others.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/458698-69
News Release: https://www.finsmes.com/2021/10/containiq-raises-2-5m-in-seed-funding.html
Company: Ladder (US)
Location: North Brunswick, NJ
Sector: Education Technology | Ladder offers an online professional community platform designed to grow the career of students and professionals.
Deal synopsis: The company announced on October 28th that it has raised $3.7 million in funding.
Investor(s): Round led by Forerunner Ventures and included Alexis Ohanian’s Seven Seven Six, Pear VC, Scribble Ventures, and Script Capital. Notable angel investors include Tony Xu (CEO of DoorDash), Josh Buckley (CEO of Product Hunt), Harry Stebbings (20VC), Matthew Dellavedova (NBA Player), Josh Elman, and executives from a16z, Facebook, Twitter, Reddit, Uber, and Robinhood.
Pitchbook Profile page: https://www.crunchbase.com/organization/ladder-129d
News Release: https://www.prnewswire.com/news-releases/ladder-announces-3-7-million-in-funding-led-by-forerunner-with-participation-from-alexis-ohanians-seven-seven-six-301410606.html
Company: Kiswe
Location: Murray Hill, NJ
Sector: Information Technology & Services | Kiswe makes live-streaming technology for sports, entertainment and video. Its cloud production platform delivers picture-in-picture viewing experiences, which allows digital viewers to switch in and out of alternative audio feeds presented by guest commentators.
Deal Synopsis: Kiswe announced on October 29th that it received an undisclosed amount in Series B1 venture funding.
Investor(s): Sony Innovation Fund
Pitchbook Profile Page: https://pitchbook.com/profiles/company/101542-42
News Article: https://venturebeat.com/2021/10/29/sony-investment-pushes-video-startup-kiswe-beyond-46m-in-funding/
*Kiswe previously benefited from New Jersey’s Angel Investor Tax Credit Program.
Mergers and Acquisitions
Company: Agilence
Location: Mount Laurel, NJ
Sector: Computer Software | Agilence offers data analytics and reporting in the retail, restaurant, grocery, convenience, and pharmacy industries.
Deal Synopsis: Cuadrilla Capital announced on October 27th that it has acquired Agilence for an undisclosed amount.
Crunchbase Profile Page: https://www.crunchbase.com/organization/agilence
News Release: https://www.prnewswire.com/news-releases/cuadrilla-capital-acquires-agilence-301409457.html
Company: EducationDynamics
Location: Hoboken, NJ
Sector: Higher Education Marketing
Deal Synopsis: EducationDynamic announced on October 7th that it has been acquired by Renovus Capital Partners for an undisclosed amount.
Crunchbase Profile Page: https://www.crunchbase.com/organization/education-dynamics
News Release: https://www.prnewswire.com/news-releases/educationdynamics-announces-its-acquisition-by-renovus-capital-partners-301395738.html
Company: MixComm
Location: Chatham, NJ
Sector: Wireless Communications | MixComm develops fabless semiconductors intended to be used in the development of different wireless applications.
Deal Synopsis: MixComm announced on October 14th that it has entered into an agreement to be acquired by Sivers Semiconductors for an initial purchase of $135 million.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/187886-89#overview
News Release: https://mixcomm.com/sivers-semiconductors-to-acquire-mixcomm-a-us-mmwave-challenger/
Company: dBmCorp
Location: Oakland, NJ
Sector: Wireless Technology |dBmCorp develops and manufactures test equipment and subsystems for the radio frequency marketplace, including wireless telecommunications, satellite systems, and military applications.
Deal Synopsis: Maury Microwave acquired dBmCorp for an undisclosed amount.
Crunchbase Profile Page: https://www.crunchbase.com/organization/dbmcorp
News Release: N/A
Company: Misfits Market
Location: Delanco, NJ
Sector: Consumer Products and Services (B2C) | Misfits Market provides subscription box services intended to reduce waste of food. The company’s box contains fresh and organic fruits and veggies which the farms and stores can’t sell, thus providing consumers with healthy food at reduced cost.
Deal Synopsis: Misfit Market announced on September 14th that it had closed on $225 million in in Series C1 funding.
Investor(s): D1 Capital Partners, Greenoaks Capital, Accel, SoftBank Vision Fund, Valor Equity Partners
Pitchbook Profile Page: https://www.crunchbase.com/organization/misfits-market
News Article: https://www.foodbusinessnews.net/articles/19620-misfits-market-eyes-expansion-with-new-funding
Company: Phathom Pharmaceuticals
Location: Florham Park, NJ
Sector: Biotechnology, Pharmaceutical | Phathom Pharmaceuticals is a late clinical-stage biopharmaceutical company committed to transforming the treatment landscape and improving the lives of patients suffering from acid-related gastrointestinal (GI) disorders.
Deal Synopsis: Phathom Pharmaceuticals announced on September 20th that it has secured a $200 million term loan facility.
Investor(s): Hercules Capital
Pitchbook Profile Page: https://www.crunchbase.com/organization/phathom-pharmaceuticals
News Release: https://investors.phathompharma.com/news-releases/news-release-details/phathom-pharmaceuticals-secures-200-million-term-loan-facility
Company: Buckle
Location: Jersey City, NJ
Sector: Financial Services | Buckle offers a digital financial services platform that serves the rising middle class and providers to the gig economy.
Deal Synopsis: Buckle announced on September 29 that it had raised $60 million in Series B funding.
Investor(s): The round was led by Volery Capital Partners. Eldridge, Assurant Ventures, HSCM and Bermuda and other investors.
Crunchbase Profile Page: https://www.crunchbase.com/organization/buckle
News Release: https://jerseydesk.com/njnews/buckle-closes-60m-in-funding-to-expand-full-stack-insurance-platform-across-us-jerseydesk-10141304
Company: TrueFort
Location: Weehawken, NJ
Sector: Cyber Security | TrueFort develops cybersecurity software products used by enterprises to protect their critical business applications on premise and in the cloud.
Deal Synopsis: TrueFort announced on September 8th that it raised $30 million in Series B funding.
Investor(s): The round was led by Shasta Ventures. Additional participants included Canaan, Ericsson Ventures, Evolution Equity Partners, Lytical Ventures and Emerald Development Managers.
Cruncbase Profile Page: https://www.crunchbase.com/organization/truefort
News Article: https://techcrunch.com/2021/09/08/truefort-snares-30m-series-b-to-expand-zero-trust-application-security-solution/
*TrueFort previously participated in the NJEDA’s NOL Program.
Company: Malbek
Location: Somerset, NJ
Sector: Artificial Intelligence | Malbek is an AI platform that provides enterprise contract lifecycle management from request, redlining, signature, and commitment tracking.
Deal Synopsis: Malbek announced on September 28th that it has raised $15.3 million in Series A funding.
Investor(s): The round was led byNoro-Moseley Partners. Osage Venture Partners and TDF Ventures also participated.
Crunchbase Profile Page: https://www.crunchbase.com/organization/malbek
News Release: https://www.prnewswire.com/news-releases/malbek-raises-15-3-million-series-a-funding-round-to-expand-its-proprietary-ai-core-contract-lifecycle-management-platform-301386637.html
*Malbek previously participated in the NJEDA’s Net Operating Loss Program.
Company: Onkos Surgical
Location: Parsippany, NJ
Sector: Medical Device | Onkos Surgical is a privately-held medical device company that brings new technology and solutions to surgical oncologists.
Deal Synopsis: Onkos Surgical announced on September 1st that it had raised $15 million in Series C funding.
Investor(s): Undisclosed
Crunchbase Profile Page: https://www.crunchbase.com/organization/onkos-surgical
News Release: https://www.finsmes.com/2021/09/onkos-surgical-raises-15m-in-series-c-funding.html
*Onkos Surgical previously benefited from New Jersey’s Angel Investor Tax Credit Program.
Company: No Brick LLC
Location: Jersey City, NJ
Sector: Food and Beverage, Marketplace, Software | No Brick offers a platform to help its clients automate their sundry and marketplace operations.
Deal Synopsis: No Brick announced on September 13th that it has raised $15 million in Series C funding.
Investor(s): N/A
Crunchbase Profile Page: https://www.crunchbase.com/organization/biftek-co
News Release: N/A
Company: Floating Point Group
Location: Summit, NJ
Sector: Cryptocurrency, Financial Technology | Floating Point Group has created a platform to enable its clients to to trade, manage, and settle cryptocurrency assets.
Deal Synopsis: On September 15th, Floating Point Group announced on September 15 that it had closed on $10 million in Series A funding.
Investor(s): Tribe Capital, Coinbase Ventures, Anthony Scaramucci, F A S T by Gettlylab, Borderless Capital, CapitalX, Formulate Ventures, and executives from GoldenTree Asset Management, HC Tech, Pythagorus Investments
Crunchbase Profile Page: https://www.crunchbase.com/organization/floating-point-group
News Release: https://www.prnewswire.com/news-releases/mit-crypto-spinout-floating-point-group-raises-10m-series-a-to-fuel-growth-301378099.html
Company: EnaChip
Location: Jamesburg, NJ
Sector: Microdevices | Enachip is a semiconductor microdevice company founded to commercialize its Wafer Level technology platform, and a new class of products that it enables: Power-Supply-on-Chip (PwrSoC) and Power-System-in-Package (PSiP).
Deal Synopsis: EnaChip announced it has raised $7.1 million in venture funds.
Investor(s): N/A
Crunchbase Profile Page: https://www.crunchbase.com/organization/enachip
News Release: N/A
Company: Moove Together
Location: Atlantic Highlands, NJ
Sector: Platform Software | Moove Together operates a team-based fitness and merchandize platform intended to offer collective fitness challenges and other sports activities.
Deal Synopsis: On September 21st Moove Together announced that it has raised in $500,000 in seed funding.
Investor(s): N/A
Pitchbook Profile Page: https://pitchbook.com/profiles/company/481568-59
News Release: N/A
Company: Certara
Location: Princeton, NJ
Sector: Pharmaceuticals | Certara accelerates medicines using biosimulation software and technology to transform traditional drug discovery and development.
Deal Synopsis: Certara announced on September 20th that has been awarded an undisclosed amount of grant funding from the U.S. Food and Drug Administration (FDA).
Investor(s): Mubadala, Food and Drug Administration
Pitchbook Profile Page: https://www.crunchbase.com/organization/certara
News Release: https://ir.certara.com/news-releases/news-release-details/certara-awarded-fda-grant-further-advance-virtual-bioequivalence
Company: Med-Metrix
Location: Montvale, NJ
Sector: Health Care, Information Technology, Software |Med-Metrix provides of performance management analytics, consulting, extended business office, and revenue recovery services to the healthcare industry.
Deal Synopsis: Med-Metrix announced on September 27th that it has raised an undisclosed amount of seed funding.
Investor(s): Hackensack Meridian Health, A&M Capital Partners
Crunchbase Profile Page: https://www.crunchbase.com/organization/med-metrix
News Release: N/A
Company: ContainIQ
Location: Hoboken, NJ
Sector: Software | A software platform to monitor, optimize, and maintain kubernetes clusters.
Deal Synopsis: On September 1st, the last funding amount was undisclosed from pre-seed funding.
Investor(s): FAST — by GETTYLAB, Lorimer Ventures
Crunchbase Profile Page: https://www.crunchbase.com/organization/containiq
News Release: N/A
Mergers and Acquisitions
Company: decile.ten
Location: Bernardsville, NJ
Sector: Advertising, Marketing | Decile.ten is full-service medical communications agency that provides services to the pharmaceutical, biotechnology, and medical device industries.
Deal Synopsis: decile.ten announced on September 22nd that it was acquired by The CM Group.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/481601-44
News Release: https://finance.yahoo.com/news/cm-group-acquires-decile-ten-130000137.html
Company: Med-Metrix
Location: Parsippany, NJ
Sector: Health Care, Information Technology, Software | Med-Metrix provides performance management analytics, consulting, extended business office, and revenue recovery services to the healthcare industry.
Deal Synopsis: Med-Metrix announced on September 27 that it was acquired by Miller & Milone, P.C.
Crunchbase Profile Page: https://www.crunchbase.com/acquisition/miller-milone-p-c-acquires-med-metrix–626f9109
News Release: https://list23.com/156728-med-metrix-acquires-cash-investments-from-a-m-capital-partners-hackensack-meridian-health-and-exis/
Company: FCG Advisors
Location: Chatham, NJ
Sector: Advice, Finance, Financial Services, Service Industry |FCG Advisors offers investment advisory services.
Deal Synopsis: FCG Advisors was acquired by Mariner Wealth Advisors on September 10th.
Crunchbase Profile Page: https://www.crunchbase.com/acquisition/mariner-wealth-advisors-acquires-fcg-advisors–2e34c415
News Release: https://techstartups.com/2021/09/23/mariner-wealth-advisors-acquires-wealth-advisory-firm-fcg-advisors-closing-summer-addition-2-7-billion-assets/
Company: DOTGO
Location: Berkeley Heights, NJ
Sector: Telecommunications | DOTGO is a mobile publishing platform.
Deal Synopsis: DOTGO announced on September 23rd that it will be acquired by GupShup.
Crunchbase Profile Page: https://www.crunchbase.com/organization/dotgo
News Release: https://aithority.com/technology/sales-and-customer-support/gupshup-acquires-leading-rcs-platform-dotgo/
Company: Sapphire Digital
Location: Lyndhurst, NJ
Sector: Health Care, Internet, Wellness | Sapphire Digital is a full omnichannel digital engagement and shopping platform for consumers, employers.
Deal Synopsis: Sapphire Digital announced on September 14th that it will be acquired by Zelis
Pitchbook Profile Page: https://pitchbook.com/profiles/company/51755-59#overview
News Release: https://www.businesswire.com/news/home/20210914005350/en/Zelis-to-Acquire-Healthcare-Transparency-Leader-Sapphire-Digital
Company: Caelum Biosciences
Location: Bordentown, NJ
Sector: Biotechnology |Caelum Biosciences, Inc. is a clinical-stage biotechnology company developing treatments for AL Amyloidosis, a rare and life-threatening hematologic disorder.
Deal Synopsis: Caelum Biosciences announced on September 29th that it will be acquired by AstraZeneca for $500 million.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/184744-81
News Release: https://www.fortressbiotech.com/investors/news-events/press-releases/detail/382/fortress-biotech-announces-closing-of-acquisition-of-caelum
Company: Shift New Jersey
Location: Paramus, NJ
Sector: Education | Shift NJ is a support coordination, transition assessment, and job/college support agency.
Deal Synopsis: Shift New Jersey announced on September 1st that it will be acquired by The Columbus Organization.
Crunchbase Profile Page: https://www.crunchbase.com/organization/shift-new-jersey
News Release: https://finance.yahoo.com/news/columbus-organization-acquires-shift-jersey-140800021.html
Company: DriveWealth
Location: Chatham, NJ
Sector: Cloud Infrastructure, Financial Technology | DriveWealth is a digital trading technology company that develops cloud-based, application programming interface (API)-driven brokerage infrastructure.
Deal Synopsis: DriveWealth announced on August 20 that it had raised $450 million of Series D venture funding.
Investor(s): The round was co-led by Insight Partners and Accel. Seven other investors participated.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/58659-49
News Release: https://drivewealth.com/2021/08/20/drivewealth-series-d-funding-round/
Company: OwnBackup
Location: Englewood Cliffs, NJ
Sector: Cloud Computing, Cloud Security, Data Storage, Enterprise Software, SaaS | OwnBackup is a provider of cloud data protection and backup system for companies using Salesforce.
Deal Synopsis: OwnBackup announced on August 10 that it had raised $240 million of Series E venture funding.
Investor(s): The round was co-led by B Capital Group and Alkeon Capital Management. Insight Partners, Vertex Ventures Israel, Sapphire Ventures, and Salesforce Ventures also participated in the round.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/153138-88
News Release: https://www.ownbackup.com/newsroom/series-e-funding/
Company: Onkos Surgical
Location: Parsippany, Princeton, NJ
Sector: Healthcare (Devices and Supplies) | Onkos Surgical was founded to improve the lives of patients fighting sarcoma, a rare cancer that develops in bone and connective soft tissue.
Deal synopsis: Onkos Surgical announced on August 7 that it had raised$15 million of Series C venture funding.
Investor(s): Undisclosed.
Pitchbook Profile Page: https://pitchbook.com/profiles/company/125555-77
News Release/Article: https://www.bioworld.com/articles/510995-onkos-surgical-pins-15m-in-series-c-funding
*Onkos Surgical previously benefited from the Angel Investor Tax Credit Program
Company: Linnaeus Therapeutics
Location: Haddonfield, NJ
Sector: Biotechnology |Linnaeus Therapeutics is a development stage biotech company that develops and commercializes drugs for cancer.
Deal Synopsis: Linnaeus Therapeutics announced on August 24 they raised $4.3 from Series C funding.
Investor(s): Undisclosed
Pitchbook Profile Page: https://pitchbook.com/profiles/company/185989-69
News Release: https://pharmashots.com/61278/linnaeus-therapeutics-reports-the-expansion-of-clinical-collaboration-with-merck-to-evaluate-lns8801-keytruda-for-the-treatment-of-patients-with-advanced-cancer/
Company: Angel Medical Systems
Location: Eatontown, NJ
Sector: Medical Device | Angel Medical Systems has developed an implantable device that monitors an individual’s heart, alerting to changes often seen before, or at the onset of, a heart attack.
Deal Synopsis: The company raised $3.86 million of venture funding in the form of convertible debt.
Investor(s): Undisclosed
Pitchbook Profile Page: https://pitchbook.com/profiles/company/55785-43
News Release: N/A
*Angel Medical Systems previously participated in the NJEDA’s NOL Program.
Company: OfColor
Location: Maplewood, NJ
Sector: Finance Technology | OfColor is an enterprise financial wellness platform providing content, artificial intelligence advice, and banking tools built around how people of color save, spend, and build wealth.
Deal Synopsis: OfColor announced on August 5 that it had raised an undisclosed amount from Seed Funding.
Investor(s): Providence Strategic Growth
Pitchbook Profile Page: https://pitchbook.com/profiles/company/100386-01#overview
News Release: https://medium.com/@yemirose/ofcolor-closes-seed-financing-to-help-employees-of-color-make-and-keep-more-income-5fe4e406e150
Company: Vascular Therapies
Location: Cresskill, NJ
Sector: Pharmaceuticals | Vascular Therapies is a biopharmaceutical company that aims to improve vascular surgery outcomes in patients with kidney and vascular diseases.
Deal Synopsis: Vascular Therapies announced on August 27 that it has raised $3.75 million in debt financing funding.
Investor(s): Undisclosed
Pitchbook Profile Page: https://pitchbook.com/profiles/company/52773-40
News Release: N/A
Company: Airnoggin
Location: Paterson, NJ
Sector: Technology |Airnoggin offers safety helmets designed to encase and minimize the movement of air within the chambers during a collision.
Deal Synopsis: Airnoggin announced on August 17 that it had raised $182,501 from seed funding.
Investor(s): Undisclosed
Pitchbook Profile Page: https://pitchbook.com/profiles/company/470981-17
News Release: N/A
Mergers and Acquisitions
Company: Whittle & Mutch
Location: Mount Laurel, NJ
Sector: Food and Beverage, Food Processing, Service Industry | Whittle & Mutch is a manufacturer of flavors and extracts with all compounding and research done in-house.
Deal Synopsis: Whittle & Mutch announced on August 17 that it was being acquired by FlavorSum for an undisclosed amount.
Pitchbook Profile Page: https://www.crunchbase.com/organization/whittle-mutch
News Release: https://www.crainscleveland.com/finance/riverside-acquires-add-ons-portfolio-companies-flavorsum-certasite
Company: Achieve3000
Location: Lakewood, NJ
Sector: Education Technology | Achieve3000 delivers literacy solutions to increase reading comprehension, vocabulary and writing proficiency for school students.
Deal Synopsis: Achieve3000 announced on August 30 that it was being acquired by McGraw-Hill Education for an undisclosed amount.
Crunchbase Report: https://www.crunchbase.com/organization/achieve3000
News Release: https://aithority.com/machine-learning/neural-networks/deep-learning/mcgraw-hill-to-acquire-edtech-pioneer-achieve3000/
Company: Bridge Solutions Group
Location: Fort Lee, NJ
Sector: Consulting, Enterprise Software, Information Technology, Software, Supply Chain Management | Bridge Solutions Group is a software services company that provides supply chain technology solutions for businesses.
Deal Synopsis: Bridge Solutions Group announced on August 26 that it was being acquired by Pivotree for $6 million.
Crunchbase Report: https://www.crunchbase.com/organization/bridge-solutions-group
News Release: https://pivotree.com/newsroom/pivotree-expands-frictionless-commerce-product-portfolio-with-definitive-agreement-to-acquire-bridge-solutions-group-corp
Company: Navitas Life Sciences
Location: Princeton, NJ
Sector: Pharmaceuticals | Navitas delivers platform-driven full-service Clinical, Regulatory, and Safety solutions and services.
Deal Synopsis: Navitas Life Sciences announced on August 18 that it was being acquired by H.I.G. Capital for an undisclosed amount.
Crunchbase Report: https://www.crunchbase.com/organization/navitas-life-sciences
News Release: https://economictimes.indiatimes.com/news/company/corporate-trends/take-solutions-enters-partnership-with-h-i-g-capital-to-accelerate-growth-of-navitas-life-sciences/articleshow/85097176.cms
Company: DRG International
Location: Springfield, NJ
Sector: Medical Device | DRG International is a specialty medical diagnostics and equipment manufacturer, and distributor with operations in more than 110 countries.
Deal Synopsis: DRG International announced on August 28 that it was being acquired by BioCheck for an undisclosed amount.
Crunchbase Report: https://www.crunchbase.com/organization/drg-international
News Release: https://www.prnewswire.com/news-releases/biocheck-inc-acquires-drg-international-inc-a-leading-ivd-company-301358134.html
Company: Stonewain Systems
Location: Berkeley Heights, NJ
Sector: Computer Software | Stonewain System provides software and solutions for the securities finance industry.
Deal Synopsis: Stonewain Systems announced on August 3 that it was being acquired by EquiLend for an undisclosed amount.
Crunchbase Report: https://www.crunchbase.com/organization/stonewain-systems
News Release: https://www.equilend.com/press-releases/equilend-acquires-strategic-stake-in-stonewain-systems/
Company: Fidelis Pharmaceuticals
Location: New Brunswick, NJ
Sector: Pharmaceutical, Veterinary | Fidelis Pharmaceuticals develops and markets pharmaceutical formulations that meet specialized veterinary needs.
Deal Synopsis: Fidelis Pharmaceuticals announced on July 21 that it had raised $5.1 million.
Investors: Undisclosed
Crunchbase Profile Report: https://www.crunchbase.com/organization/fidelis-pharmaceuticals
News Article: https://www.intelligence360.news/north-brunswick-new-jersey-based-fidelis-pharmaceuticals-is-raising-5129692-00-in-new-equity-investment/
Company: HyperLinq
Location: Kearny, NJ
Sector: Financial Services | HyperLinq provides its desktop trading terminal, HyperTrader, on a monthly subscription.
Deal Synopsis: HyperLinq announced on July 6 that it had raised $125,000 in Pre-Seed funding.
Investor(s): Y Combinator, MassChallenge
Crunchbase Profile Page: https://www.crunchbase.com/organization/hyperlinq
News Release: https://hyperlinq.io/hyperlinq-is-backed-by-ycombinator/
Company: Labor First
Location: Mount Laurel, NJ
Sector: Health Care, Hospitality, Professional Services | Labor First offers group retiree Medicare benefit management solutions.
Deal Synopsis: Labor First announced on July 29 that it had raised an undisclosed amount of funding.
Investor(s): Great Hill Partners
Crunchbase Profile Page: https://www.crunchbase.com/organization/labor-first
News Release: https://www.vcaonline.com/news/news.asp?ID=2021072931
Mergers and Acquisitions
Company: Covanta
Location: Morristown, NJ
Sector: Clean Technology | Covanta is a provider of sustainable waste management services.
Deal synopsis: Covanta acquired by EQT on July 14 for $5.3 billion.
Crunchbase Profile page: https://www.crunchbase.com/organization/covanta
News Release: https://www.privateequitywire.co.uk/2021/07/15/303552/covanta-eqt-infrastructures-latest-usd53bn-green-energy-deal
Company: TransientX
Location: Hoboken, NJ
Sector: Cybersecurity | TransientX offers a product that connects local apps on devices to its servers, using isolated overlay networks built for individual users.
Deal synopsis: Deloitte announced on July 26 that it had acquired TransientX for an undisclosed amount.
Crunchbase Profile page: https://www.crunchbase.com/organization/transientx
News Article: https://saasindustry.com/news/deloitte-acquires-sentek-global-and-transientx-to-bolster-secure-networking-cybersecurity-offerings/
Company: Remarkety
Location: Newark, NJ
Sector: Ecommerce Marketing | Remarkety offers customers a marketing automation platform.
Deal synopsis: Namogoo announced on July 7 that it had acquired Remarkety for an undisclosed amount.
Crunchbase Profile page: https://www.crunchbase.com/organization/interamind-remarkety
News Article: https://www.calcalistech.com/ctech/articles/0,7340,L-3912016,00.html
Company: Universal Business Systems
Location: Somerville, NJ
Sector: Computer Software | Universal Business Systems provide distribution management software solutions.
Deal synopsis: Universal Business Systems announced on July 1 that it was merging with Distribution One for an undisclosed amount.
Crunchbase Profile page: https://www.crunchbase.com/organization/universal-business-systems
News Release: https://distone.com/press-release-d1-ubs/
Company: DotCom Partners
Location: Jersey City, NJ
Sector: Marketing| DotCom Partners specializes in helping brands & sellers grow on the world’s biggest online marketplaces.
Deal synopsis: DotCom Partners acquired by WhyteSpyder on July 21st for an undisclosed amount.
Crunchbase Profile page: https://www.crunchbase.com/organization/dotcom-partners
News Release: N/A
Company: MedEvoke
Location: Lebanon, NJ
Sector: Analytics, Marketing | MedEvoke provides of aligned, evidence-based product narrative development and analytics.
Deal synopsis: Huntworth announced on July 7 that it was acquiring MedEvoke for an undisclosed amount.
Crunchbase Profile page: https://www.crunchbase.com/organization/medevoke
News Article: https://aithority.com/technology/analytics/huntsworths-medistrava-acquires-medical-analytics-firm-medevoke/
Company: Alvogen
Location: Pine Brook, NJ
Sector: Pharmaceuticals | Alvogen is an international, privately-owned specialty pharmaceutical company focused on the development, manufacturing and marketing of generic pharmaceuticals, biosimilar products and over-the-counter medicines.
Deal Synopsis: Alvogen announced on June 30th that it had raised $100 million in private equity.
Investor(s): Aztiq Pharma Partners
Crunchbase Profile Page: https://www.crunchbase.com/organization/alvogen
News Release: N/A
Company: Attentive
Location: Hoboken, NJ
Sector: Information Technology | Attentive has developed a personalized mobile messaging platform designed to change the way businesses and consumers.
Deal Synopsis: Attentive announced on June 24 that it had raised $59 million in venture funding.
Investor(s): Undisclosed
Crunchbase Profile Page: https://pitchbook.com/profiles/company/113855-59
News Release: N/A
Company: Sporttrade
Location: Camden, NJ
Sector: Computer Software |Sporttrade offers a financial marketplace for sports betting.
Deal Synopsis: Sporttrade announced on June 22nd that it has raised $36 million.
Investor(s): Techstars, Jump Capital, Impression Ventures, Nasdaq Ventures, Tower Research Capital, LLC.
Crunchbase Profile Page: https://www.crunchbase.com/organization/sporttrade
News Release: https://technical.ly/philly/2021/06/24/sports-betting-sporttrade-raise/
Company: IoTecha
Location: Piscataway, NJ
Sector: Information Technologies & Services | IoTecha provides a suite of integrated products for electric vehicle smart charging and powerline communications.
Deal Synopsis: IoTecha announced on June 22nd that it had raised $13.2 million in Series B funding.
Investor(s): BP Ventures, Elitegroup Computer Systems
Crunchbase Profile Page: https://www.crunchbase.com/organization/iotecha-corp
News Release/Article: bp makes $7m investment in electric vehicle charging firm IoTecha – IoTecha
Company: Enhatch
Location: Hoboken, NJ
Sector: Information Technology & Services | Enhatch offer advanced surgical planning tools, patient-matched instrumentation from x-rays, unmatched collaboration platforms, real-time inventory visibility, and the next generation of enabling technology for surgery.
Deal Synopsis: Enhatch announced on June 22nd that it had raised $9 million.
Investor(s): AltaIR Capital, Dreamit Ventures, Floodgate, Social Starts, Newark Venture Partners
Crunchbase Profile Page: https://www.crunchbase.com/organization/enhatch
News Release: https://www.massdevice.com/ortho-surgical-software-firm-enhatch-raises-9m/
Company: Certificial
Location: Jersey City, NJ
Sector: Computer Software | Certificial offers an insurance verification platform that provides customers with the ability to monitor real-time insurance coverage.
Deal Synopsis: Certificial announced on June 8th that it had raised $5.8 million.
Investor(s): Fin Venture Capital, IA Capital Group, Cofounders Capital, Nationwide Ventures, Cameron Ventures
Crunchbase Profile Page: https://www.crunchbase.com/organization/certificial
News Release: https://www.coverager.com/certificial-raises-5-8-million/
Company: Markerr
Location: Hoboken, NJ
Sector: Information Services | Markerr offers a commercial real estate analytics platform that provides insights about people, jobs, spending, and economic trends tied to any location.
Deal Synopsis: Markerr announced on June 16th that it had raised $5 million in Series A funding.
Investor(s): RET Ventures, Continental Realty Corporation, Edward Norton, Twin Shores Capital, Joe Lettween
Crunchbase Profile Page: https://www.crunchbase.com/organization/markerr
News Release: https://www.alleywatch.com/2021/06/markerr-real-estate-intelligence-analytics-platform-economic-demographic-market-brian-lichtenberger/
Company: Ventis Medical
Location: Princeton, NJ
Sector: Medical Device | Ventis Medical is a supplier and developer of a medical devices for a low-cost, simple-to-use ventilators.
Deal Synopsis: Ventis Medical announced on June 4th that it had raised $4.1 million in equity crowd funding.
Investor(s): N/A
Crunchbase Profile Page: https://www.crunchbase.com/organization/ventis-medical
News Release: N/A
Company: AtomicJar
Location: Newark, NJ
Sector: Computer Software | Atomic Jar is developing a platform that gives software developers simpler methods for integration testing across the software development lifecycle.
Deal Synopsis: AtomicJar announced on June 25th that it had raised $4 million in seed funding.
Investor(s): Tribe Capital, Boldstart Ventures, Zane Lackey, Mike Chalfen, Guy Podjarny
Crunchbase Profile Page https://www.crunchbase.com/organization/atomicjar-inc
News Release: https://www.businesswire.com/news/home/20210625005097/en/AtomicJar-Launches-with-4M-Seed-Funding-Round-Led-by-boldstart-ventures
Company: Northpass
Location: Parsippany, NJ
Sector: Computer Software | Northpass offers a learning platform that enables organizations to train employees, customers, and channel partners.
Deal Synopsis: Northpass announced on June 15th that it had raised $4 million in venture funding.
Investor(s): Edison Partners
Crunchbase Profile Page: https://www.crunchbase.com/organization/northpass
News Release: N/A
Company: Aveta.Life
Location: Weehawken, NJ
Sector: Health Service | Aveta.Life is developing HormonometerTM to help women achieve their optimal hormonal balance.
Deal Synopsis: Aveta.Life announced on June 12 that it had raised $2.5 million in venture funding.
Investor(s): N/A
Crunchbase Profile Page: https://www.crunchbase.com/organization/aveta-life
News Release: N/A
Company: Calamu Technologies
Location: Clinton, NJ
Sector: Computer Software | Calamu is a cybersecurity startup offering next-gen resilience and near-impenetrable data protection for the enterprise.
Deal Synopsis: Calamu Technologies raised $2.4 million in seed funding on June 22nd.
Investor(s): Dell Technologies Capital
Crunchbase Profile Page: https://www.crunchbase.com/organization/calamu-technologies
News Release: https://www.prnewswire.com/news-releases/dell-technologies-capital-invests-in-calamu-for-next-gen-data-protection-301318538.html
Company: August (Personal Products)
Location: Princeton, NJ
Sector: Customer Products and Services | August operates a lifestyle brand intended to reimagine period care products. The company specializes in identifying solutions to make period care more sustainable, effective, ethical, and comfortable, enabling users to get a different period experience during their menstrual cycle.
Deal Synopsis: On June 25th August announced it has raised $1.95 million in seed funding.
Investor(s): Amy Emmerich, Bryan Mahoney, Bullish, Hannah Grey Ventures, Henry Davis, K50 Ventures, Michelle Grant, Sali Christeson, The Fund, Winston Duke
Crunchbase Profile Page: https://pitchbook.com/profiles/company/464401-36
News Release: N/A
*Company: Poppy Seed Health
Location: Jersey City, NJ
Sector: Healthcare | Poppy Seed Health develops a healthcare platform designed to offer mothers and mothers-to-be access to emotional and mental-health help on-demand. The company’s platform connects users with on-demand text access to doulas, midwives, and nurses for their pregnancy and postpartum-related assistance, thereby enabling women to receive emotional and bodily consolation throughout and after their pregnancy.
Deal Synopsis: Poppy Seed Health announced on June 9th that it has raised $1.6 million of pre-seed funding.
Investor(s): City Light Capital, Metrodora Ventures, Seven Seven Six
Crunchbase Profile Page: https://pitchbook.com/profiles/company/436964-23
News Release: https://www.businessinsider.com/poppy-seed-health-launches-app-raises-seed-funding-alexis-ohanian-2021-6#:~:text=The%20company%20is%20releasing%20its,the%20company%20tells%20Insider%20exclusively
Company: SlyceData
Location: Red Bank, NJ
Sector: Financial Services | SlyceData develops and operates a financial software designed to accelerate the investment research process by making various financial datasets work seamlessly together. The company’s platform uses a data intelligence engine to automate data ingestion, cross-vendor mapping, data management, organization and data security, thereby enabling clients to focus on their actual research and make informed investment decisions.
Deal Synopsis: On June 29th SlyceData announced the company raised $1 million in equity crowdfunding via Angel Investment Network.
Investor(s): N/A
Pitchbook Profile Page: https://pitchbook.com/profiles/company/469190-26#overview
News Release: https://www.einnews.com/pr_news/545088746/for-immediate-release-startup-technology-services-company-slycedata-corp-completes-inaugural-financing
Company: 911inform
Location: Wall, NJ
Sector: Information Technology | 911inform develops a notification and security management platform intended to bridge the gap between first-responders and organizations during an emergency situation.
Deal Synopsis: 911inform announced on June 14th that it has raised $550,000 in angel funding.
Investor(s): N/A
Crunchbase Profile Page: https://pitchbook.com/profiles/company/467526-07#overview
News Release: N/A
Company: MemoryOS
Location: Somerset, NJ
Sector: Education Technology | MemoryOS is developing innovative gamified e-learning software to help people significantly improve their memory.
Deal Synopsis: MemoryOS announced on June 14th that it had raised $385,000 via Kickstarter.
Investor(s): Bas Godska
Crunchbase Profile Page: https://www.crunchbase.com/organization/encoder-inc
News Release: https://www.finsmes.com/2021/06/memoryos-raises-350k-in-funding.html
Company: Optimeos Life Science
Location: Princeton, NJ
Sector: Healthcare | Developer of an encapsulation technology designed to enable the use of biologics, peptides, and RNA to treat disease. The company’s technology addresses current issues with many biologics and peptide therapeutics, by protecting and delivering agents to their intended targets within the body, enabling patients with sustained delivery of peptide therapeutics using nano-composite microparticles.
Deal Synopsis: Optimeos Life Science announced on June 1st that it had raised $175,000 of venture funding in the form of convertible debt from undisclosed.
Investor(s): IP Group North America, National Science Foundation
Crunchbase Profile Page: https://pitchbook.com/profiles/company/186401-53
News Release: N/A
Company: Hudson Space Systems
Location: Hoboken, NJ
Sector: Business Products and Services | Provider of microgravity research services intended to accelerate the speed of scientific advancement. The company’s service offerings include frequent sub-orbital launches, bespoke payload integration, end-to-end logistics and reasonable pricing through reusable launch vehicles, thereby enabling small businesses and research groups to flexibly perform microgravity research based on their requirements.
Deal Synopsis: Hudson Space Systems announced on June 7th that it had raised $152,000 in equity crowdfunding.
Investor(s): N/A
Crunchbase Profile Page: https://pitchbook.com/profiles/company/439544-71
News Release: N/A
Company: Doceree
Location: Parsippany, NJ
Sector: Marketing & Advertising | Doceree is a fully integrated programmatic ad exchange for data-driven marketing, exclusively to physicians.
Deal Synopsis: Doceree announced on June 28th that it raised an undisclosed amount of seed funding.
Investor(s): Ajai Joneja, Harsh Gupta, Gaurav Kumar, Debasish Hota
Crunchbase Profile Page: https://www.crunchbase.com/organization/doceree
News Release/Article: https://aithority.com/technology/native-and-programmatic-advertising/doceree-closes-pre-series-a-funding-round/
Mergers and Acquisitions
Company: HireLifeScience
Location: Roosevelt, NJ
Sector: Marketing and Advertising | HireLifeScience is an career resource and networking tool to help job seekers find life science jobs in the pharmaceutical and medical device industries.
Deal synopsis: HireLifeScience was acquired by Aequor Technologies on June 2nd.
Pitchbook Profile page: https://pitchbook.com/profiles/company/467924-41#overview
News Release: https://www.prnewswire.com/news-releases/aequor-technologies-announces-acquisition-of-hirelifesciencecom-301313588.html
Company: BrainScale
Location: Princeton, NJ
Sector: Information Technology & Services| Brainscale offers cloud consulting, enablement, application development and data analytics.
Deal synopsis: BrainScale announced on June 28th that it was being acquired by Tech Mahindra for $28.8 million.
Pitchbook Profile page: https://pitchbook.com/profiles/company/284355-91
News Release/Article: https://www.vccircle.com/tech-mahindra-acquires-us-cloud-consulting-firm-brainscale/
Company: Io-Tahoe
Location: Jersey City, NJ
Sector: Computer Software | Io-Tahoe is a big data management solution company with expertise in data science, analytics and systems architecture.
Deal synopsis: Hitachi Vantara announced on June 23rd that it was acquiring Io-Tahoe.
Crunchbase Profile page: https://www.crunchbase.com/acquisition/hitachi-vantara-acquires-io-tahoe–a7db6e0b
News Release: https://aithority.com/it-and-devops/data-management/hitachi-vantara-enhances-lumada-with-the-acquisition-of-smart-data-management-company-io-tahoe/
Company: PEF Services
Location: West Orange, NJ
Sector: Financial Services | PEF Services provides high quality, high touch Fund Administration solutions.
Deal synopsis: CSC Global Financial Markets announced on June 3rd that it was acquiring PEF Services.
Crunchbase Profile page: https://www.crunchbase.com/acquisition/csc-global-financial-markets-acquires-pef-services–1fdc9984
News Release: https://venturebeat.com/2021/06/03/csc-global-financial-markets-acquires-pef-services-llc-transaction-expands-fund-services-capabilities-serving-private-capital-in-the-u-s/
Company: Everything Benefits
Location: New Providence, NJ
Sector: Information Technology and Services | EverythingBenefits is a developer of a cloud-based business software used to help businesses increase profits.
Deal synopsis: UKG announced on June 2nd that it was acquiring Everything Benefits.
Crunchbase Profile page: https://www.crunchbase.com/acquisition/ukg-acquires-everythingbenefits–1e04e1a2
News Release: https://www.hcamag.com/ca/specialization/hr-technology/ukg-acquires-benefits-tech-platform-everythingbenefits/256892
Company: KDC Solar
Location: Bedminster, NJ
Sector: Clean Energy| KDC Solar focuses on net metered facilities for commercial, industrial and institutional solar industry.
Deal synopsis: CI Renewables announced on June 14th that it was acquiring KDC Solar
Crunchbase Profile page: https://www.crunchbase.com/acquisition/ci-renewables-acquires-kdc-solar–aa88aa1e
News Release: https://pv-magazine-usa.com/2021/06/14/ci-renewables-acquires-kdc-solar/
Company: Marco Consulting
Location: Parsippany, NJ
Sector: Financial Services | Macro Consulting delivers financial planning, wealth and investment management services.
Deal synopsis: Wealth Enhancement Group announced on June 10th that it was acquiring Marco Consulting
Crunchbase Profile page: https://www.crunchbase.com/acquisition/wealth-enhancement-group-acquires-macro-consulting–4816b46a
News Release: https://www.wealthadviser.co/2021/06/11/301749/wealth-enhancement-group-acquires-macro-consulting-group
Company: BP Controls
Location: Manalapan, NJ
Sector: Industrial Automation | BP Controls designs, engineers, and integrates controls systems and warehouse control software for warehouse automation applications.
Deal synopsis: Hy-Tek announced on June 25th that is was acquiring BP Controls
Crunchbase Profile page: https://www.crunchbase.com/acquisition/hy-tek-material-handling-acquires-bp-controls–12fb6677
NewsRelease: https://www.themiddlemarket.com/latest-news/hy-tek-backed-by-dunes-point-buys-bp-controls-and-nogol-electric
Company: Nomadic
Location: Newark, NJ
Sector: Information Technology & Services | Nomadic is creating the world’s leading Business Visa and Document Procurement company, the next generation Business Visa experience.
Deal synopsis: Fragomen announced on June 3rd that they were acquiring Nomadic.
Crunchbase Profile page: https://www.crunchbase.com/acquisition/fragomen-2-acquires-nomadic-7029–38116d37
NewsRelease: https://www.fragomen.com/about/news/fragomen-acquires-nomadic-deliver-innovative-business-visa-solution-clients
Company: Metropolitan Craniofacial Center
Location: West Orange, NJ
Sector: Health Care Services|Metropolitan Craniofacial Center practice the full scope of oral and maxillofacial surgery with expertise in all dental problems.
Deal synopsis: Riverside Oral Surgery announced on June 14th that it will be acquiring Metropolitan Craniofacial Center.
Crunchbase Profile page: https://www.crunchbase.com/acquisition/riverside-oral-surgery-acquires-metropolitan-craniofacial-center–1ffda717
NewsRelease: https://www.prnewswire.com/news-releases/riverside-oral-surgery-acquires-metropolitan-craniofacial-center-pa-301318777.html
Company: Shehadi
Location: Fairfield, NJ
Sector: Financial Services | Shehadi provides residential and commercial flooring solutions to the healthcare, multi-family, educational, corporate.
Deal synopsis: Lynx Equity announced on June 10th that it would be acquiring Shehadi.
Crunchbase Profile page: https://www.crunchbase.com/acquisition/lynx-equity-acquires-shehadi–dd677463
News Release: https://www.pehub.com/lynx-buys-flooring-company-shehadi/
Company: Riggs Distler Company
Location: Cherry Hill, NJ
Sector: Real Estate Services | Riggs Distler Company is a construction company specializing in construction and maintenance services.
Deal synopsis: Centuri Construction Group, Inc. acquired Riggs Distler Company on June 29th.
Crunchbase Profile page: https://www.crunchbase.com/acquisition/centuri-construction-group-inc-acquires-riggs-distler-company–bdf8d58d
News Release: https://www.prnewswire.com/news-releases/centuri-group-to-acquire-riggs-distler-strengthening-the-companys-position-as-a-leader-in-north-american-utility-infrastructure-services-301321842.html
Company: Axtria
Location: Berkeley Heights, New Jersey
Sector: Analytics, Big Data, Cloud Data Services, Life Science | Axtria is a big data analytics software and services company for the Life Sciences industry.
Deal synopsis: Axtria announced on May 13th that the company had raised $150 million in venture funding.
Investor(s): Bain Capital Tech Opportunities, Helion Venture Partners, Richard Braddock, Deshpande Foundation, Fred Khosravi
Pitchbook Profile page: https://pitchbook.com/profiles/company/61039-00
News Release: Axtria Secures $150 Million Growth Investment from Bain Capital Tech Opportunities
Company: Transcend Software
Location: Princeton, New Jersey
Sector: Environmental Engineering, SaaS, Software | Transcend is SaaS provider of engineering automation tools to the global engineering, construction, technology/OEM, and utility sectors
Deal synopsis: Transcend Software announced on May 12th the company had raised $10 million in venture funding.
Investor(s): International Finance Corporation, Idinvest Partners, HG Ventures, CITIC Capital Holdings, Aspen Capital Group
Pitchbook Profile page: https://pitchbook.com/profiles/company/437596-84#overview
News Release: Transcend raises $10m for SaaS water design platform
Company: Svelte Medical Systems
Location: New Providence, New Jersey
Sector: Health Care, Medical, Medical Device | Svelte Medical Systems is a healthcare company engaged in the design and development of highly deliverable balloon expandable stents.
Deal synopsis: Svelte Medical Systems announced on May 6th that the company had raised $5.4 million in venture funding.
Investor(s): New Science Ventures, Norwich Ventures, CNF Investments, LLC, West Health Investment Fund, Apjohn ventures
Pitchbook Profile page: https://pitchbook.com/profiles/company/42857-65
News Release: N/A
Company: Fleeting
Location: Kearny, New Jersey
Sector: Logistics, Supply Chain Management, Transportation | Fleeting is a digital network of freight and trucks open to over 3.5M drivers across America.
Deal synopsis: Fleeting announced on May 10th that the company had raised $500,000 in seed funding.
Investor(s): HATCHER+, Quake Capital Partners, Lockstep Ventures, Bay Wharf Capital, Kyrie Irving
Pitchbook Profile page: https://pitchbook.com/profiles/company/268024-24
News Release: Fleeting, a Black-Owned Commercial Trucking and Fleet Management Company, Receives $500,000 Investment from NBA Star Kyrie Irving and New Fund Lockstep Ventures
Company: Hostify
Location: Jersey City, New Jersey
Sector: Blockchain, Cryptocurrency, Internet of Things | Hostify is a LoRaWAN gateway distributor that focuses on building decentralized internet for low-powered sensors and smart devices.
Deal synopsis: Hostify announced on May 1st that the company had raised $75,000 in pre-seed funding.
Investor(s): N/A
Pitchbook Profile page: N/A
News Release: N/A
Company: Helix Wireless
Location: Kearny, New Jersey
Sector: B2B, B2C, Internet of Things, Telecommunications | Helix is a B2B and IoT MVNO delivering a global cellular connectivity to consumers and businesses of all sizes.
Deal synopsis: Helix Wireless announced on May 26th that the company had raised an undisclosed amount of seed funding.
Investor(s): Ray Padron
Pitchbook Profile page: N/A
News Release: N/A
Company: Replication Medical
Location: Cranbury, New Jersey
Sector: Medical Device | Replication Medical is a medical device company focused on solutions for the treatment of low back pain caused by degenerative disc disease.
Deal synopsis: Replication Medical announced on May 1st that the company had raised an undisclosed amount of convertible note funding.
Investor(s): N/A
Pitchbook Profile page: https://pitchbook.com/profiles/company/54045-01
News Release: N/A
Mergers and Acquisitions
Company: Bentley Laboratories
Location: Edison, New Jersey
Sector: Consumer Goods, Manufacturing, Market Research | Bentley Laboratories company focused on the formulation and outsourced manufacturing of products.
Deal synopsis: THG announced on May 12th that the company was acquiring Bentley Laboratories for $225 million.
Pitchbook Profile page: https://pitchbook.com/profiles/company/150787-27
News Release: THG to Acquire Bentley Laboratories
Company: Grace Therapeutics
Location: East Brunswick, New Jersey
Sector: Biotechnology, Health Care, Medical, Medical Device, Pharmaceutical | Grace Therapeutics is a pharmaceutical company that focuses on drug delivery treatment for rare and orphan diseases.
Deal synopsis: Acasti Pharma announced on May 7th that the company was acquiring Grace Therapeutics for $64 million.
Pitchbook Profile page: N/A
News Release: Acasti Announces Definitive Agreement to Acquire Grace Therapeutics, Inc.
Company: Visikol
Location: Whitehouse Station, New Jersey
Sector: Analytics, Biotechnology, Developer Tools, Information Technology, Neuroscience | Visikol is a contract research organization focused on digital pathology, 3D tissue imaging and 3D cell culture assays and models.
Deal synopsis: CELLINK announced on May 20th that the company was acquiring Visikol for $7.5 million.
Pitchbook Profile page: https://pitchbook.com/profiles/company/154319-59
News Release: Visikol Joins Cellink
Company: TruMethods
Location: Moorestown, New Jersey
Sector: Information Technology | TruMethods is a providing proven, repeatable process that perfects leadership, solution packaging, sales processes.
Deal synopsis: IT Glue announced on May 4th that the company was acquiring TruMethods for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/346801-06
News Release: IT Glue and TruMethods Join to Become MSP Vendor Powerhouse
Company: Catalogic ECX
Location: Woodcliff Lake, New Jersey
Sector: Data Storage, Software | Catalogic ECX is a copy Data Management for Nimble Storage.
Deal synopsis: IBM announced on May 25th that the company was acquiring Catalogic ECX for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/466744-24
News Release: N/A
Company: jaccomo
Location: Shrewsbury, New Jersey
Sector: Analytics, Sales Automation, Software | jaccomo offers a secure, industrial-strength back and front office system for financial services firms.
Deal synopsis: Docupace announced on May 20th that the company was acquiring jaccomo for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/435354-04
News Release: Docupace Acquires Compliance and Advisor Compensation System jaccomo
Company: American Bionostica
Location: Swedesboro, New Jersey
Sector: Medical, Medical Device | American Bionostica is a developed quantitative lateral flow assay utilizing colloidal gold conjugates and latex microspheres.
Deal synopsis: Ott Scientific announced on May 10th that the company was acquiring American Bionostica for an undisclosed amount.
Pitchbook Profile page: N/A
News Release: Ott Scientific Announces Acquisition of American Bionostica
Company: Valentus Specialty Chemicals
Location: North Brunswick, New Jersey
Sector: Chemical | A Detroit-based coatings company owned by Huron Capital Partners.
Deal synopsis: SK Capital Partners announced on May 27th that the company was acquiring Valentus Specialty Chemicals for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/62991-46
News Release: SK Capital Announces Acquisition of Canlak and Valentus Specialty Chemicals
Company: Parilux
Location: Edison, New Jersey
Sector: Information Services, Software | Parilux offers software and outsourced middle office administration solutions.
Deal synopsis: Northern Trust announced on May 6th that the company was acquiring Parilux for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/233870-41#overview
News Release: Northern Trust Completes Acquisition of Parilux Investment Technology
Company: Axia Women’s Health
Location: Voorhees, New Jersey
Sector: Health Care, Hospital, Wellness | Axia Women’s Health provides high-quality, lifetime healthcare for women.
Deal synopsis: Partners Group announced on May 5th that the company was acquiring Axia Women’s Health for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/178874-74
News Release: Partners Group to acquire Axia Women’s Health, a leading US provider of women’s healthcare services
Company: CS Energy
Location: Edison, New Jersey
Sector: Energy, Renewable Energy, Solar | CS Energy is an industry-leading solar power and energy storage development, EPC, and O&M company.
Deal synopsis: American Securities announced on May 4th that the company was acquiring CS Energy for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/227769-94#overview
News Release: CS Energy Announces Closing of Acquisition by American Securities
Company: Freehold Physical Therapy LLC
Location: Freehold, New Jersey
Sector: Medical, Personal Health, Therapeutics | Freehold Physical Therapy LLC provides patients with effective and high-quality physical therapy treatments.
Deal synopsis: Professional Physical Therapy announced on May 18th that the company was acquiring Freehold Physical Therapy LLC for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/255875-68
News Release: N/A
Company: The Avoca Group
Location: Princeton, New Jersey
Sector: Clinical Trials, Consulting, Life Science | The Avoca Group provides tech-enabled services focused on improving quality and compliance in clinical trial execution.
Deal synopsis: WIRB – Copernicus Group announced on May 11th that the company was acquiring The Avoca Group for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/128954-80
News Release: WCG Acquires The Avoca Group
Company: Adapty
Location: Cranford, New Jersey
Sector: Consulting, E-Commerce, Information Services, Information Technology, Mobile Apps, Software | Adapty is a leading digital commerce company with offices in USA, UAE and India.
Deal synopsis: Apexon announced on May 6th that the company was acquiring Adapty for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/280530-10
News Release: Apexon strengthens its Digital Experience capability with the acquisition of Adapty
Company: Misfits Market
Location: Delanco, NJ
Sector: Consumer Products and Services (B2C) | Misfits Market provides subscription box services intended to reduce waste of food. The company’s box contains fresh and organic fruits and veggies which the farms and stores can’t sell, thus providing consumers with healthy food at reduced cost.
Deal synopsis: The company raised $200 million of Series C venture funding on April 21th.
Investor(s): Accel, Blue Collective, Chapter One Ventures, D1 Capital Partners, ESAS Ventures, Escondido Ventures, Greenoaks Capital Partners, Nathaniel Turner, Soma Capital, Sound Ventures, Third Kind Venture Capital, Valor Equity Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/265766-05#overview
News Release: Discount grocery startup Misfits Market raises $200M
Company: Edda Technology
Location: Princeton, NJ
Sector: Healthcare | Edda Technology develops computer-assisted radiology technology designed to enhance efficiency and effectiveness in imaging-guided cancer treatment. The company’s technology offers an IQQA platform that supports a patient-specific, disease-targeted and multi-disciplinary approach to cancer treatment as well as a fully quantitative, real-time interactive approach to imaging analysis stimulation and guidance, enabling physicians to use advanced clinical applications, including 3D quantitative analysis and visualization, automated volumetric organ segmentation and virtual planning and treatment simulation.
Deal synopsis: The company raised $150 million of venture funding on April 7th.
Investor(s): 3W Partners Capital, Draper Dragon, Guo-Qing Wei, Matrix Partners China, OrbiMed, U.S. Department of Health and Human Services, VisionFund International
Pitchbook Profile page: https://pitchbook.com/profiles/company/57498-31
News Release: EDDA Technology Announces US$150 Million Financing Round, led by Softbank Vision Fund 2, with OrbiMed Participation, to Advance Intelligent Robotic Solutions for Precision Surgery
Company: Modern Meadow
Location: Nutley, NJ
Sector: Healthcare | Modern Meadow develops biofabricated leather materials designed to offer animal-free leather made from living cells. The company’s materials harness the power of design, biology and engineering to deliver enhanced material performance and sustainability compared to traditional materials, enabling customers to get modified leather products without harming animals.
Deal synopsis: The company raised $130 million of Series C venture on April 28th.
Investor(s): Activate Venture Partners, Anthony Fadell, ARTIS Ventures, Astanor Ventures, Black Point Group, Breakout Labs, Breakout Ventures, Cape Capital, Cap-Meridian Ventures, Collaborative Fund, Eudaimonia Capital, Evonik Venture Capital, Future Shape, H/L Ventures, Horizons Ventures, ICONIQ Capital, Interplay Ventures, Key Partners Capital, KG Investments, National Institute of Food and Agriculture, Network Society Ventures, Peter Kellner, Red Swan Ventures, Sequoia Capital, Singularity University, Temasek Holdings, Ulu Ventures, Vision Ventures
Pitchbook Profile page: https://pitchbook.com/profiles/company/56303-65
News Release: Modern Meadow Closes $130 Million Series C Funding, Names Anna Bakst CEO
Company: Solidia Technologies
Location: Piscataway Township, NJ
Sector: Business Products and Services (B2B) | Solidia Technologies develops cement and concrete technology processes offering patented green solutions intended to develop sustainable and green technologies. The company’s technology incorporates artificial intelligence into concrete production which allows a reduction in wastage, improvement in quality control and system optimization, helping clients to minimalize their carbon emission and reduce carbon footprint.
Deal synopsis: The company raised $78 million of venture funding on April 29th.
Investor(s): Air Liquide Venture Capital, BASF Venture Capital, BP Ventures, Breakthrough Energy Ventures, Bright-Capital, Canada Pension Plan Investment Board, EmergingISV Capital Partners, Emissions Reduction Alberta, Imperative Science Ventures, Incite Ventures (Burlingame), Kleiner Perkins, L. John Doerr, Lafarge, OGCI Climate Investments, Piva Capital, Prelude Ventures, Total Carbon Neutrality Ventures, William Joy, Zero Carbon Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/53758-54
News Release: Solidia Technologies Closes $78 Million Fundraise and Names Bryan Kalbfleisch CEO
*Solidia Technologies previously participated in the NJEDA’s NOL Program.
Company: Infiniti Energy
Location: Howell, New Jersey
Sector: Renewable Energy | Infiniti Energy is a solar developer providing large scale solar energy solutions.
Deal synopsis: The company raised $60 million of development capital on April 7th.
Investor(s): Upper Bay Infrastructure Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/464439-97
News Release: Upper Bay commits $60 million to Infiniti’s solar development plans, forms Infiniti Energy
Company: Brella Insurance
Location: Hoboken, New Jersey
Sector: Financial Services, Insurance, InsurTech | Brella Insurance is an insurance technology company that provides financial support to people with health recovery.
Deal synopsis: The company raised $15 million in Series A funding on April 22.
Investor(s): Fidelity Security Life Insurance Company, Alumni Ventures Group, Founder Collective, SixThirty, Two Sigma Ventures
Pitchbook Profile page: https://pitchbook.com/profiles/company/431227-18#overview
News Release: Brella Insurance Raises $15M Series A to Fund National Expansion of Supplemental Health Insurance Solution
Company: Kitchen Stadium
Location: Jersey City, New Jersey
Sector: Delivery, Hospitality, Restaurants | Kitchen Stadium is the parent company for STADIUM and SnackMagic.
Deal synopsis: The company raised $15 million in Series A funding on April 9.
Investor(s): Snackmagic
Pitchbook Profile page: https://pitchbook.com/profiles/company/234556-39
News Release: SnackMagic Secures $15 Million to Scale Personalized Snack Box Company
Company: Avibra
Location: Iselin, NJ
Sector: Financial Services | Avibra develops social applications designed to reward good habits with life insurance coverage. The company’s platform provides holistic well-being benefits to improve individual overall well-being and uses data science and machine learning to track and reward individual good habits with life insurance coverage, enabling customers to increase good habits in a fruitful way.
Deal synopsis: The company raised an estimated $7 million of Seed-1 funding on April 13th.
Investor(s): Brewer Lane Ventures, PruVen Capital
Pitchbook Profile page: https://pitchbook.com/profiles/company/267147-73
News Release: N/A
Company: Benqi
Location: Newark, NJ
Sector: Information Technology | Benqi develops algorithmic liquidity market protocols intended to effortlessly lend, borrow, and earn interest with their digital assets. The company provides a protocol on a highly scalable and decentralized platform with a focus on approachability, ease of use, and low fees, democratizing access to decentralized financial products by providing permissionless lending and borrowing, thereby enabling traders to instantly supply to and withdraw liquidity from a shared liquidity market.
Deal synopsis: The company raised $6 million of venture funding on April 14th.
Investor(s): Arrington XRP Capital, Ascensive Assets, AVA Labs, Dragonfly Capital Partners, Genblock Capital, Genesis Block Ventures, Mechanism Capital, Moon Inc, Morningstar Ventures, Rarestone Capital, Skynet Trading, Spartan Group, TRGC, Woodstock Fund
Pitchbook Profile page: https://pitchbook.com/profiles/company/464363-20
News Release: BENQI Completes $6 Million Funding Round Led by Ascensive
Company: Ascendia Pharmaceuticals
Location: North Brunswick, New Jersey
Sector: Biotechnology, Health Care, Pharmaceutical | Ascendia Pharmaceuticals offers a comprehensive suite of pre-formulation for preclinical- and clinical-stage drug candidates.
Deal synopsis: The company raised $5 million of development capital on April 8th.
Investor(s): Signet Healthcare Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/142799-68
News Release: Ascendia Pharmaceuticals Secures Growth Equity Investment from Signet Healthcare Partners
*Ascendia Pharmaceuticals is a tenants at the NJEDA’s Bioscience Center and previously participated in New Jersey Founders & Funders.
Company: RICOVR Healthcare
Location: Princeton, NJ
Sector: Healthcare | RICOVR Healthcare develops saliva-based testing devices designed for rapid-results testing with true portability and ease of use. The company’s patented biosensor platform uses a small drop of saliva to provide high-quality, cost-effective results in approximately five minutes, enabling employers, healthcare systems, and law enforcement to access non-invasive testing devices.
Deal synopsis: The company raised $4.3 million through the combination of debt and Seed funding on April 19th.
Investor(s): Achari Ventures, Floret Ventures, HALLEY Venture Partners, New Jersey Economic Development Authority
Pitchbook Profile page: https://pitchbook.com/profiles/company/431682-22
News Release: N/A
*RIVOVR Healthcare previously benefited from the NJ Entrepreneur Support Program.
Company: Leap (Information Services)
Location: Jersey City, NJ
Sector: Consumer Products and Services (B2C) | Leap develops real-estate platforms created to help underqualified individuals gain access to sought-after apartments. The company offers an artificial intelligence-driven platform and allows for a quick and thorough vetting of potential residents, enabling people to get access to new and better options when choosing an apartment and neighborhood, and allowing landlords to expand their pool of qualified tenants.
Deal synopsis: The company raised $2.83 million of venture funding on April 23th.
Investor(s): Greenlight Capital Re
Pitchbook Profile page: https://pitchbook.com/profiles/company/266484-07
News Release: N/A
*Leap previously participated in the NJEDA’s Angel Investor Tax Credit Program.
Company: Calamu
Location: Clinton, NJ
Sector: Information Technology | Calamu develops cybersecurity software designed to protect against data loss. The company’s platform protects data from hackers, simplifies the difficulty of many regulatory requirements as well as eliminates the risk of a data breach, enabling clients to maintain complete ownership of their data, preventing unauthorized access, and simplifying regulatory requirements around data privacy and protection.
Deal synopsis: The company raised $2.4 million of seed funding on April 6th.
Investor(s): John Stewart, Jumpstart NJ Angel Network, Louis Ryan
Pitchbook Profile page: https://pitchbook.com/profiles/company/342994-06#overview
News Release: Calamu Raises $2.4 Million Seed to Pioneer Auto-Healing Data Protection; Launches Advisory Board and Expands Board of Directors
Company: Plum Life
Location: Warren, NJ
Sector: Insurance | Plum Life offers an agent-only digital experience designed to simplify the entire process of selling life insurance from quoting to application and to issue. Designed especially for the life insurance industry, Plum Life’s integrated platform combines the capabilities of a modern technology company and the personal attention and service of an advisor.
Deal Synopsis: Plum Life announced that closed a $2.45 million seed round on an undisclosed date.
Investor(s): Round led by Sonostar Ventures
Pitchbook Profile Page: https://pitchbook.com/profiles/company/481821-22
News Release: https://www.helloplum.com/news-and-articles/plum-life-raises
Company: Hoodle
Location: Manalapan, NJ
Sector: Information Technology | Hoodle provides video communication applications intended to connect people through small group video calls. The company’s application organizes small group video calls led by brands, influencers, and interesting people, enabling users to participate and communicate with different people in real-time and exchange views and information in their groups.
Deal synopsis: The company raised $2.28 million of Series 1 seed funding on April 7th.
Investor(s): Olive Tree Capital
Pitchbook Profile page: https://pitchbook.com/profiles/company/462800-62#overview
News Release: N/A
Company: Fabalish
Location: Wallington, NJ
Sector: Consumer Products and Services (B2C) | Fabalish produces plant-based and allergen-friendly foods intended to allow individuals to live healthier lives that are balanced with nature. The company offers baked falafels, sauces and dips which use chickpeas and aquafaba (chickpea water) instead of conventional ingredients, enabling customers to procure healthy and organic food options.
Deal synopsis: The company raised $525,000 of venture funding in the form of SAFE notes on April 29th.
Investor(s): Astralabs, Lacebark Investments
Pitchbook Profile page: https://pitchbook.com/profiles/company/438467-05#overview
News Release: N/A
Company: AmpaCash
Location: Marlboro, NJ
Sector: Information Technology | AmpaCash develops micropayment technology designed to make purchases online, and remote mobile purchasing from a screen. The company’s mobile application supports real-time p2p and p2bank money transfers, its platform is linked to a prepaid card which the users can use to shop in-store, enabling merchants to generate revenues from online content sales through micropayments.
Deal synopsis: The company raised $370,000 of angel funding on April 5th.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/464037-94#overview
News Release: N/A
Company: Siscale
Location: Roseland, NJ
Sector: Information Technology | Siscale provides automation and big data analytics services intended to offer customized solutions for decision making and business growth. The company offers a threat intelligence solution that is both scalable and leverages advanced analytics as well as manages artificial intelligence for IT operations (AIops) adoption using big data and machine learning, enabling businesses to gather data from infrastructure, applications and security tools and devices with automation capabilities.
Deal synopsis: The company raised approximately $322,000 in Euros in equity crowd funding in the form of SAFE Notes via SeedBlink as of April 26th.
Investor(s): Orange Fab
Pitchbook Profile page: https://pitchbook.com/profiles/company/438803-11#overview
News Release: N/A
Company: Portable EMR Solutions
Location: East Brunswick, NJ
Sector: Healthcare | Portable EMR Solutions develops healthcare software solutions designed to bring robust and cost-effective solutions to large and complex problems in the healthcare industry with a combination of medical, healthcare, and information technology expertise. The company’s products include a smart card, EMR integrations, secure cloud backup, and EMR portability. The company provides a mobile app and a platform for patients enabling them to aggregate their electronic medical records in one place and for doctors to see them in one place.
Deal synopsis: The company closed on $100,000 of venture funding on an undisclosed date.
Investor(s): Mahmood Mosaddeghi, Hesham Mohamed, Ravi Gangavali, Jeremy Baron, Harald Kiamzon
Pitchbook Profile page: N/A
News Release: N/A
Company: Streamport
Location: Randolph, NJ
Sector: Consumer Products and Services (B2C) | Streamport provides online video streaming platform intended to revolutionize live video content. The company offers an all-in-one application with unlimited content with a huge variety that can be accessed on different devices, enabling users to access vast amounts of video content, live and on-demand, on their internet.
Deal synopsis: The company closed on $72,050 out of a planned $1.07 million of equity crowdfunding in the form of SAFE notes via Wefunder as of April 8th.
Investor(s): Marin Mihaela
Pitchbook Profile page: N/A
News Release: N/A
Company: Signal Insights
Location: North Caldwell, NJ
Sector: Consumer Products and Services (B2C) | Signal Insights develops news update platforms designed to monitor the client and industry news, key website changes, press releases, and blog posts. The company’s platform includes crawling the web to find news articles about various industries, comes up with google news alert, social accounts, also provides filtering of news articles according to a user’s preference, enabling users to get client and industry news, key website changes, press releases, blog posts, and social media posts in a single click.
Deal synopsis: The company raised $63,700 of angel funding on April 21th.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442603-90
News Release: N/A
Company: Solar Intermodal
Location: Roseland, NJ
Sector: Energy | Solar International develops technology products designed for the transition to carbon-less fuels. The company focuses on facilitating the transitional economy from carbon-based fuels to the new climate economy through simple implementation of existing technologies in industrial and commercial applications, enabling clients to reduced fuel costs, and support hydrogen production.
Deal synopsis: The company raised $38,000 of angel funding on April 5th.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/464033-89#overview
News Release: N/A
Company: Ilekun Health
Location: Hillsdale, NJ
Sector: Healthcare | Ilekun Health develops healthcare applications intended to empower people to make smarter decisions around their health with smart technology. The company’s application utilizes artificial intelligence to glean insight around provider quality, services offered, and cash price from a complex deluge of unstructured health data, enabling patients to make health-related decisions.
Deal synopsis: The company raised $37,500 of angel funding on April 19th.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/465198-13#overview
News Release: N/A
Company: GlydeApp
Location: Newark, NJ
Sector: Consumer Products and Services (B2C) | GlydeApp provides contactless dining experience intended to maintain hygiene and ease payments. The company’s application provides diners instant access to curated menus and flexible and easy ordering and payment options by focusing on data-driven engagement, thereby giving restaurants the ability to market back to their patrons, understand what works best for their business, and increase check sizes.
Deal synopsis: The company raised an undisclosed amount of Series 1 venture funding on April 21th.
Investor(s): Asymmetry Ventures, Permian Bank Capital, Village Global
Pitchbook Profile page: https://pitchbook.com/profiles/company/462014-02
News Release: GlydeApp, Inc. Raises Funding from Village Global to Expand Use of its Contactless Dining Platform
Company: GETIDA
Location: Teaneck, NJ
Sector: Information Technology | GETIDA develops refund-recovery and inventory management systems intended for third-party Amazon sellers using Amazon Fulfillment Services. The company’s platform specializes in Amazon Fulfillment By Amazon discrepancy analytics, financial recovery and utilizes proprietary auditing technology to discover, manage and keep track of inventory transactions, refunds, and claims, enabling organizations to improve their overall performance.
Deal synopsis: The company raised an undisclosed amount of angel funding on April 7th.
Investor(s): Eytan Wiener
Pitchbook Profile page: https://pitchbook.com/profiles/company/464123-17
News Release: N/A
Mergers and Acquisitions
Company: The Bountiful Company
Location: Florham Park, NJ
Sector: Consumer Products and Services (B2C) | The Bountiful Company manufactures and distributes nutritional supplements. The company specializes in offering a range of products including vitamins, minerals, herbs, sport, active nutrition and supplement products.
Deal synopsis: The company reached a definitive agreement to be acquired by Nestlé Health Science, a subsidiary of Nestlé (SWX: NESN), for $5.75 billion on April 30th.
Pitchbook Profile page: https://pitchbook.com/profiles/company/14172-85
News Release: Nestlé to acquire core brands of The Bountiful Company, expands health and nutrition portfolio
Company: Airtech Group
Location: Rutherford, NJ
Sector: Business Products and Services (B2B) | Airtech Group manufactures engineered pressure technology products intended for the alternative energy, food processing, medical, packaging and transportation industry. The company offers industrial products including vacuum pumps, regenerative blowers, compressor systems and valves with the option of customization, enabling clients across the United States, Europe and Asia to fulfill their production requirements.
Deal synopsis: The company reached a definitive agreement to be acquired by IDEX (NYS: IEX) for $470 million on April 27th.
Pitchbook Profile page: https://pitchbook.com/profiles/company/225303-58
News Release: IDEX Corporation to Acquire Airtech
Company: Genosity
Location: Iselin, NJ
Sector: Healthcare | Genosity (Iselin) operates a biotechnology company focused on providing tools and services for clinical research applications of genomics. The company employs its novel software solutions and laboratory services for both somatic and germline applications to enabling its clients to understand biological mechanisms of disease, thereby helping in consultation services to empower clients to support the genomic needs.
Deal synopsis: The company reached a definitive agreement to be acquired by Invitae (NYS: NVTA) for $200 million on April 5th. The acquisition would bring company’s capabilities onto the Invitae platform to accelerate the time to market and decentralization of Invitae’s oncology offerings, including somatic and germline offerings poised to help transform how cancer is diagnosed, treated and monitored.
Pitchbook Profile page: N/A
News Release: Invitae to acquire Genosity to accelerate access to personalized oncology testing worldwide
Company: Kashiv Specialty
Location: Bridgewater, NJ
Sector: Healthcare | Kashiv Specialty operates a specialty biopharmaceutical company offering drug delivery technologies and an advanced pipeline of oral and biosimilar drugs. The company focuses on research and development and manufacturing of medicines, drug delivery technologies and clinically differentiated specialty pharmaceutical products
Deal synopsis: The company, a subsidiary of Kashiv BioSciences, was acquired by Amneal Pharmaceuticals (NYS: AMRX) for $108 million on April 5th. The acquisition aligns strongly with Amneal Pharmaceuticals, Amneal 2.0 growth strategy which we will deliver substantial value for their specialty and generics businesses.
Pitchbook Profile page: https://pitchbook.com/profiles/company/458601-40
News Release: Amneal acquires Kashiv Specialty Pharmaceuticals
Company: Next Level Hospitality Services
Location: Ridgefield Park, NJ
Sector: Business Products and Services (B2B) | Next Level Hospitality Services provides outsourced culinary and environmental services to nursing homes primarily in the East Coast, Midwest and Texas. The company delivers fully integrated, on-site dining and food operations including staffing, management and procurement as well as complete cleaning and infection prevention outsourcing solutions to health care facilities across the United States, providing services that fulfill clients’ budgetary and operational requirements.
Deal synopsis: The company has entered into a definitive agreement to be acquired by Aramark (NYS: ARMK) for an undisclosed amount on April 29th. The acquisition strategically expands Aramark’s presence in healthcare within the senior living sector and enables Aramark to partner with a business that is committed to creating experiences for its clients with the ability to leverage a scalable operating model.
Pitchbook Profile page: https://pitchbook.com/profiles/company/321315-49#overview
News Release: Aramark to Acquire Next Level Hospitality
Company: Sports Systems Services
Location: Fort Lee, NJ
Sector: Consumer Products and Services (B2C) | Sports Systems Services provides custom software solutions services intended to streamline event information gathering and data management. The company’s full-suite sports data management system and services encompass sponsorship, asset allocation and oversight, VIP guest management and event accreditation, enabling event managers to provide all the information to the attendees and keep the high touch level of personalization.
Deal synopsis: The company was acquired by TicketManager for an undisclosed amount on April 27th. With the acquisition of Sports Systems, TicketManager will offer the most comprehensive suite of products and services across sponsorship, ticketing, guest management and event accreditation to the largest community of brands in sports and live events.
Pitchbook Profile page: https://pitchbook.com/profiles/company/267883-12#overview
News Release: N/A
Company: Miller Veterinary Supply
Location: West Point, NE
Sector: Consumer Products and Services (B2C) | Miller Veterinary Supply operates a wholesale veterinary distributorship intended to offer a wide range of pet-focused generic drugs, equipment, and food products. The company’s products include retails tables, tubs, monitors, eyewear, instruments, foods, medicines, shampoos, conditioners, vaccines, pharmaceuticals, and other related veterinary items, enabling pet owners to access online veterinary care support as well as ample supplies and pet products.
Deal synopsis: The company reached a definitive agreement to be acquired by Patterson Veterinary Supply for an undisclosed amount on April 26th. The acquired business will be integrated into Patterson Veterinary’s existing facilities and operations and a large number of Miller Vet sales representatives are expected to join the Patterson team.
Pitchbook Profile page: https://pitchbook.com/profiles/company/277546-69
News Release: Patterson Veterinary Enters Agreement to Acquire Miller Vet Holdings
Company: Akers Biosciences
Location: Thorofare, NJ
Sector: Healthcare | Akers Biosciences Inc is engaged in developing, manufacturing and supplying rapid, point-of-care screening and testing products designed to bring health-related information directly to the patient or clinician in a time- and cost-efficient manner. The pipeline products of the company focus on delivering diagnostic assistance in a variety of healthcare fields/specialties, including cardiology/emergency medicine, metabolism/nutrition, diabetes, respiratory diseases and infectious disease detection.
Deal synopsis: The company was acquired by MyMD Pharmaceuticals through a reverse merger, resulting in the combined entity trading on the Nasdaq Stock Exchange under the ticker symbol MYMD on April 19th. The acquisition will help MyMD in focusing on developing and commercializing novel immunotherapy pipeline assets.
Pitchbook Profile page: https://pitchbook.com/profiles/company/61225-48
News Release: Akers Biosciences and MyMD Pharmaceuticals Announce Stockholder Approval of Merger
Company: CompoSecure
Location: Somerset, NJ
Sector: Business Products and Services (B2B) | CompoSecure manufactures proprietary plastic cards for luxury retail, resorts, financial services and other markets. The company offers security identification cards, gifting cards, plastic cards and metal cards featuring laser-etched and mechanically engraved graphics elements which are embedded with security features, EMV (Europay, MasterCard, Visa) contact chip modules, colored epoxy and magnetic strips.
Deal synopsis: The company reached a definitive agreement to acquire Roman DBDR Tech Acquisition through a reverse merger on April 19th.
Pitchbook Profile page: https://pitchbook.com/profiles/company/113006-89
News Release: N/A
Company: Cybersecurity Risk Solutions
Location: Middletown, NJ
Sector: Information Technology | Cybersecurity Risk Solutions provides cyber, privacy and data protection solutions for homes and businesses. The company offers personal cyber risk assessment, cyber health score, report and custom action plan, ongoing vulnerability scanning, hack monitoring and dark web intelligence monitoring, thereby protecting customer’s personal and financial information from malicious spyware and malware programs.
Deal synopsis: The company was acquired by Strikeforce Technologies (PINX: SFOR) for an undisclosed amount on April 16th. The acquisition enables StrikeForce Technologies to grow and strengthen its channel distribution strategies and provide the marketplace with cost-effective cyber solutions for mitigating security risks.
Pitchbook Profile page: https://pitchbook.com/profiles/company/465466-87
News Release: StrikeForce Technologies Acquires Cybersecurity Risk Solutions LLC Expanding Its Identity and Endpoint Cyber-Defense Arsenal
Company: XYZ Merger Sub
Location: Thorofare, NJ
Sector: Business Products and Services (B2B) | XYZ Merger Sub provides commercial services.
Deal synopsis: The company was acquired by MyMD Pharmaceuticals (NAS: MYMD) for an undisclosed amount on April 16th.
Pitchbook Profile page: https://pitchbook.com/profiles/company/465512-23
News Release: N/A
Company: Consonance-HFW Acquisition (ASE: CHFW)
Location: Princeton, NJ
Sector: Financial Services | Consonance-HFW Acquisition Corp is a blank check company.
Deal synopsis: The company (ASE: CHFW) reached a definitive agreement to be acquired by Surrozen through a reverse merger, resulting in the combined entity trading on the Nasdaq Capital Market under the ticker symbol SRZN on April 15th. The acquisition will help Surrozen support its mission of transforming the treatment of serious disease by fully exploiting the Wnt pathway with experienced life sciences investors and capital.
Pitchbook Profile page: N/A
News Release: N/A
Company: Leon Silver Associates
Location: Metuchen, NJ
Sector: Financial Services | Leon Silver Associates provides wholesale insurance brokerage services intended to serve New York, New Jersey, Pennsylvania and various other regions of the U.S. The company offers commercial and personal lines property and casualty insurance products along with web quotations from United States liability insurance companies, thereby enabling its clients to receive quick turnaround on quotation and endorsement requests.
Deal synopsis: The company was acquired by Bridge Specialty Group, a subsidiary of Brown & Brown Insurance (NYS: BRO), for an undisclosed amount on April 14th.
Pitchbook Profile page: https://pitchbook.com/profiles/company/335759-14
News Release: Bridge Specialty Group, LLC Announces the Asset Acquisition of Leon Silver Associates, LLC
Company: Meridian Advisory Group
Location: Princeton, NJ
Sector: Information Technology | Meridian Advisory Group provides management consultancy and technology innovation services focusing on the convergence of broadband, mobile, device and content. The company provides end-to-end engagements spanning from strategy through execution and has developed deep expertise in media and communications challenges, including OTT Video, digital ad experience.
Deal synopsis: The company was acquired by Arthur D. Little for an undisclosed amount on April 13th. The deal expands ADL’s global telecommunications, information technology, media, and electronics practice and brings additional senior-level expertise to the firm’s growing presence in the US and abroad.
Pitchbook Profile page: https://pitchbook.com/profiles/company/240980-77
News Release: Arthur D. Little acquires media and telecom consultancy MAG
Company: Nutrology
Location: West Berlin, NJ
Sector: Consumer Products and Services (B2C) | Nutrology provides all-natural and plant-based nutritional supplements intended to serve the sports nutrition industry in West Berlin, New Jersey. The company specializes in manufacturing vegan sports nutrition supplements, rBGH-free grass-fed whey protein shakes, all-natural pre-workout powders and vegan amino-acid drinks, thereby offering clients healthier natural products they can use as part of their daily lives.
Deal synopsis: The company was acquired by FitLife Brands (PINX: FTLF) for an undisclosed amount on April 7th. With this acquisition, FitLife will be able to expand the reach and distribution of its brand and is excited to have a foothold in the rapidly growing all-natural nutritional supplement category.
Pitchbook Profile page: https://pitchbook.com/profiles/company/464322-52
News Release: FitLife Brands Acquires Nutrology
Company: Bioclimatic Air Systems
Location: Delran Township, NJ
Sector: Business Products and Services (B2B) | Bioclimatic Air Systems develops air purification systems catering to businesses, institutions and individuals. The company offers Ultraviolet-C (UVC), HEPA filtration, needlepoint ionization, photocatalytic oxidation which reduces or neutralizes VOCs, viruses and bacteria, helping occupants to breathe fresh air.
Deal synopsis: The company was acquired by AtmosAir for an undisclosed amount on April 6th. Through the acquisition, Bioclimatic Air Systems brings a multi-product portfolio to Clean Air Group including technology options such as Ultraviolet-C (UVC), HEPA Filtration, needlepoint ionization, and other full-service solutions for air purification.
Pitchbook Profile page: https://pitchbook.com/profiles/company/464256-73
News Release: Clean Air Group acquires Bioclimatic Air Systems
Company: Knipfing Asphalt Solutions
Location: Farmingdale, NJ
Sector: Business Products and Services (B2B) | Knipfing Asphalt Solutions provides asphalt repair and pavement maintenance services based in Farmingdale, New Jersey. The company offers sealcoating for preventive maintenance, infrared repair services and also offers Kasi, ray-tech, poweray and infrared equipments.
Deal synopsis: The company was acquired by C&L Services for an undisclosed amount on April 5th. The acquisition will help C&L Services to concentrate on adding state-of-the-art infrared technology and expanding its pavement maintenance services throughout New Jersey.
Pitchbook Profile page: https://pitchbook.com/profiles/company/371475-64
News Release: C&L Services Acquires Their 7th Company and Enhances Their Brand with the Acquisition of Knipfing Asphalt Solutions
Company: Attentive
Location: Hoboken, NJ
Sector: Information Technology | Attentive develops a personalized mobile messaging platform designed to change the way businesses and consumers interact. The company’s platform uses behavioral data and helps brands to automatically send personalized mobile messages across the entire customer lifecycle from product recommendations and limited-time sales to payments and real-time customer service, enabling e-commerce and retail businesses to connect with mobile shoppers in a new way through messaging.
Deal synopsis: The company raised $470 million of Series E venture funding on March 24.
Investor(s): IVP, Tiger Global Management, Base10 Partners, Gutbrain Ventures, D1 Capital Partners, Coatue Management
Pitchbook Profile page: https://pitchbook.com/profiles/company/225695-62#overview
News Release: N/A
Company: BlockFi
Location: Jersey City, NJ
Sector: Information Technology | BlockFi develops wealth management platforms designed to seamlessly manage crypto assets and maximize earning potential. The company’s platform provides wealth management products such as crypto, interest-earning accounts, trading and other similar products, enabling clients to ease out bitcoin trading and secure digital payments in the cloud while mitigating risks associated with financial lending.
Deal synopsis: The company raised $350 million of Series D venture funding on March 11.
Investor(s): Hudson River Trading, Gaingels Syndicate, Third Prime, Paradigm (Crypto Fund), Bracket Capital, Breyer Capital, Jump Capital, Kenetic Capital, PJC, Valar Ventures, Castle Island Ventures, Raptor Group, Bain Capital Ventures, Pomp Investments, Tiger Global Management, The Venture Collective, CMS Holdings LLC, Susquehanna Government Products, Morgan Creek Digital Assets, Akuna Capital, Pacific Century Group, ParaFi Capital
Pitchbook Profile page: https://pitchbook.com/profiles/company/224072-83
News Release: N/A
Company: Health Recovery Solutions
Location: Hoboken, NJ
Sector: Healthcare | Health Recovery Solutions develops telehealth and remote monitoring platforms and tools built to optimize clinician workflow and improve patient satisfaction. The company’s offering includes disease-specific interactive 4G tablets customized with patients’ medications, reminders, educational videos, diet information and are integrated with oximeters, BP monitors, thermometers, and scales, enabling the healthcare community and patients to reduce readmission and improve clinical outcomes.
Deal synopsis: The company raised $25.37 million of Series C venture funding on March 9.
Investor(s): LLR Partners, Edison Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/56298-70
News Release: N/A
Company: Pathlock
Location: Flemington, NJ
Sector: Information Technology | Pathlock develops risk and regulatory compliance software designed to offer integrated risk management. The company’s software facilitates integrated or stand-alone analysis of a company’s compatible and incompatible enterprise services, enabling organizations to reduce access control complexity and have an enhanced transaction-control monitoring across enterprise applications and business processes.
Deal synopsis: The company raised $20 million of venture funding in a deal on March 10.
Investor(s): Led by Vertica Capital Partners, included additional undisclosed investors.
Pitchbook Profile page: https://pitchbook.com/profiles/company/52626-70
News Release: N/A
Company: Chronic Care Management
Location: Moorestown, NJ
Sector: Healthcare | Chronic Care Management develops medical platforms designed to operationalize care management support services. The company’s platform helps to navigate the complexities of care management while providing a path for new reimbursement through programs both free for service and value-based, enabling healthcare providers to provide specialized care management to patients suffering from chronic diseases.
Deal synopsis: The company raised $7.70 million of venture funding on March 5.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/231994-81
News Release: N/A
Company: CerebrumX
Location: Princeton, NJ
Sector: Information Technology | CerebrumX develops augmented deep learning platforms designed to democratize the connected car data ecosystem. The company’s software offers augmented deep learning, real-time data handling, reporting and monitoring, data processing, consent management and other related services, enabling media, insurance, retail, smart city, maintenance, fleet management industries to monetize connected car data.
Deal synopsis: The company raised $5.5 million of Series A venture funding in a deal on March 15.
Investor(s): Led by LG Technology Ventures. Cerence also participated.
Pitchbook Profile page: https://pitchbook.com/profiles/company/454452-85#overview
News Release: N/A
Company: Own The Room
Location: Montclair, NJ
Sector: Consumer Products and Services (B2C) | Own The Room provides development training services intended to empower everyone to make an impact and perform at their highest potential. The company’s services include interactive and innovative learning programs that empower leaders at all levels from seasoned executives to junior employees, enabling individuals to get real-life knowledge and skills.
Deal synopsis: The company raised $3.96 million of angel funding on March 22.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/331111-72
News Release: N/A
Company: CoreWeave
Location: Springfield, NJ
Sector: Information Technology | CoreWeave develops modern cloud infrastructure intended to provide computing resources for blockchain and projects. The company’s system accelerates the team’s workflows with a cloud-based production pipeline, provides access to compute resources that match the complexity of models, thereby enabling clients to scale efficiently and adapt to rapidly evolving compute requirements.
Deal synopsis: The company raised $3.79 million of venture funding on March 1.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/327267-64
News Release: N/A
Company: Concours Pharmaceuticals
Location: Ewing, NJ
Sector: Healthcare | Concours Pharmaceuticals operates a pharmaceutical company intended to offer a proprietary oral delivery platform for pharmaceutical development.
Deal synopsis: The company raised $2.73 million of angel funding on March 18.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/463136-05
News Release: N/A
Company: Manetu
Location: Ridgewood, NJ
Sector: Information Technology | Manetu develops consumer privacy management software platforms designed to manage sensitive data. The company’s platform uses cryptographic, biometric and machine learning mechanisms to establish and authenticate customers’ identities, enabling users to choose what to share and for how long so there is minimal friction when they need to use these vital functions.
Deal synopsis: The company raised $2.37 million of venture funding on March 4.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/407217-43#overview
News Release: N/A
Company: Ricovr Healthcare
Location: Princeton, NJ
Sector: Healthcare | Ricovr Healthcare develops saliva-based testing devices designed for rapid-results testing with true portability and ease-of-use. The company’s patented biosensor platform uses a small drop of saliva to provide high-quality, cost-effective results in approximately five minutes, enabling employers, healthcare systems, and law enforcement to access non-invasive testing devices.
Deal synopsis: The company raised $2.24 million of Series 2 venture funding on March 23.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/222285-25
News Release: N/A
*Ricovr benefited from the NJEDA’s NJ Entrepreneur Support Program.
Company: 1v1Me
Location: Brick, NJ
Sector: Consumer Products and Services (B2C) | 1V1Me provides gaming services. The company offers gamers to play anyone from the community and make a reward in form of cash and train to become an eSports pro, thereby enabling users to gamble on their ability to crush an opponent in player vs player games.
Deal synopsis: The company raised $2 million of seed funding from on March 15.
Investor(s): Gelt Venture Capital, OnDeck, SterlingVC, Crossbeam Ventures Partners, Mana Ventures, Village Global, Shrug Capital, LightShed Ventures, Bettor Capital, Justin Waldron, Albert Cheng, Anthony Pompliano, Ian Borthwick, Trevor McFedries, Stephen Sikes, Ali Hamed, Cody Hock and Cole Hock
Pitchbook Profile page: https://pitchbook.com/profiles/company/454570-93
News Release: N/A
Company: NITRO Beverage
Location: Asbury Park, NJ
Sector: Consumer Products and Services (B2C) | NITRO Beverage manufactures nitrogen-infused beverages. The company offers nitrogen brewing cold coffee that creates a frothy and smooth texture as well as a beautiful cascade, thus providing users with quality beverages.
Deal synopsis: The company raised $1.5 million of seed funding on March 4.
Investor(s): VERSO Capital (Switzerland), VegInvest
Pitchbook Profile page: https://pitchbook.com/profiles/company/462608-29
News Release: N/A
Company: Cellix (Drug Discovery)
Location: Newark, NJ
Sector: Healthcare | Cellix (Drug Discovery) develops drug discovery platforms designed to develop targeted therapies. The company’s platform helps to create new medicines that modulate several targets in the disease pathway, which potentially improves efficacy and minimizes risk in the discovery and development process, enabling healthcare professionals to treat chronic ailments and reduce recovery time.
Deal synopsis: The company raised $1.49 million of convertible debt financing March 18.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/107523-64
News Release: N/A
Company: Distinct Dermatology
Location: Parsippany-Troy Hills, NJ
Sector: Healthcare | Distinct Dermatology provides dermatology health care services intended to offer better access to treatment and medication by combining science and technology. The company is engaged in medications and treatments for many dermatologic conditions, enabling patients to get access to better medical outcomes at an affordable cost.
Deal synopsis: The company raised $1.2 million of angel funding on March 5.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/462387-07
News Release: N/A
Company: Borobabi
Location: Paterson, NJ
Sector: Consumer Products and Services (B2C) | Borobabi develops circular clothing brands designed to offer ethically produced children’s garments. The company’s brand produces children’s garments that saves money, reduces landfill and increases the efficiency of the entire children’s clothing supply chain, enabling parents to buy goods that are cute and stylish, and durable, chemical-free, and manufactured with ethical work practices.
Deal synopsis: The company raised $1.1 million of angel funding on March 11.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442371-25#overview
News Release: N/A
Company: PRP Concepts
Location: Lincroft, NJ
Sector: Healthcare | PRP Concepts provides platelet rich plasma (PRP) therapies intended to treat patients in wound care, podiatry, sports medicine, orthopedics, and other surgical specialties. The company offers a turnkey, point-of-care service, delivering evidence-based PRP treatments for injuries, and acute and chronic non-healing wounds, enabling patients to reduce healing time, improve wound closure and limb salvage rates, reduce pain, and enhance the quality of life.
Deal synopsis: The company raised $1.02 million of angel funding on March 4.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/462440-44
News Release: N/A
Company: Q.ai
Location: Jersey City, NJ
Sector: Business Products and Services (B2B) | Q.ai provides quantitative analytics services intended to offer quantitative tools and strategies. The company’s services include integrated research which is simplified into a transparent easy to use investor portal, enabling individual investors and investment firms to enhance returns and lower their risk.
Deal synopsis: The company raised $1 million of angel funding on March 24.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/222285-25
News Release: N/A
Company: InquisitHealth
Location: River Edge, NJ
Sector: Healthcare | InquisitHealth provides peer-to-peer mentoring service intended to provide guidance through structured programs and improve patient outcomes. The company offers personalized goal-based mentoring programs, peer mentors with the tools to mentor patients one-on-one and also integrates technology with existing care systems, enabling peer mentors to educate patients to overcome chronic diseases and live healthier lives.
Deal synopsis: The company raised $985,000 of venture funding on March 22.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/54874-90
News Release: N/A
*InquisitHealth previously benefited from the NJEDA’s NJ CoVest Fund.
Mergers and Acquisitions
Company: Novitium Pharma
Location: Windsor, NJ
Sector: Manufacturing, Medical, Pharmaceutical | Novitium Pharma is a pharmaceutical company that specializes in development, manufacturing, and distribution of niche generic products.
Deal synopsis: ANI Pharmaceuticals announced on March 9 it was acquiring Novitium Pharma for $163.5 million.
Pitchbook Profile page: https://pitchbook.com/profiles/company/340839-19
News Release: ANI Pharmaceuticals to Acquire Novitium Pharma, Strengthening R&D Engine and Expanding Generics and CDMO Business
Company: QuestaWeb
Location: Clark, NJ
Sector: Electronics, Information Technology, Software | QuestaWeb is a leading provider of integrated solutions for global trade management.
Deal synopsis: Descartes Systems Group announced on March 1 it was acquiring QuestaWeb for $36 million.
Pitchbook Profile page: https://pitchbook.com/profiles/company/146278-81#overview
News Release: Descartes Acquires QuestaWeb
Company: NBN Infusions
Location: Cherry Hill, NJ
Sector: Health Care, Therapeutics | NBN Infusions provides infusion therapy, respiratory therapy services, enteral therapy, and durable medical equipment.
Deal synopsis: PromptCare announced on March 2 that it was acquiring NBN Infusions for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/387899-83
News Release: PromptCare Acquires NBN Infusions, Inc.
Company: Quintrix Solutions
Location: Jersey City, NJ
Sector: Employment, Information Technology | Quintrix is an employment company which provides Contract and Permanent staffing services.
Deal synopsis: Mindlance announced on March 1 that it was acquiring Quintrix Solutions for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/142122-97
News Release: Mindlance acquires Quintrix to expand its Workforce Solutions Offerings
Company: Path56 Media
Location: Hoboken, NJ
Sector: Advertising, Marketing | Path56 Media is an experienced performance based marketing company with a primary focus on servicing online education clients.
Deal synopsis: Global Response Partners announced on March 11 it was acquiring Path56 Media for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/462668-86
News Release: GRP Ads Expands its reach in the online education vertical with the acquisition of Path56, a leading full service marketing agency in that space
Company: Hoyt Corporation
Location: Englewood, NJ
Sector: Electronics, Manufacturing | Hoyt Corporation is a manufacturer of electrical contacts for diesel-electric locomotives, motor controls and power distribution.
Deal synopsis: Deringer-Ney, Inc. announced on March 19 it was acquiring Hoyt Corporation for an undisclosed amount.
Pitchbook Profile page: N/A
News Release: Deringer-Ney Enters Agreement to Acquire Hoyt Corporation
Company: Venture Development Center
Location: Upper Saddle River, NJ
Sector: Information Technology | Venture Development Center is focused in the areas of data monetization and creative data sourcing.
Deal synopsis: Stirista announced on March 10 it was acquiring Venture Development Center for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/advisor/147814-03
News Release: Stirista Announces Acquisition of VDC (Venture Development Center)
Company: PendoTECH
Location: Princeton, NJ
Sector: Information Technology | PendoTECH offers low-cost, single use in-line sensors for pressure, temperature, conductivity, UV Absorbance & flow.
Deal synopsis: Mettler Toledo announced on March 24 it was acquiring PendoTECH for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/247110-40
News Release: Mettler-Toledo International Inc. Announces Acquisition Of PendoTECH
Company: Commercium Technologies
Location: Holmdel, NJ
Sector: Information Technology | Commercium Technologies provides global security and cloud computing infrastructure and enterprise security services based in Holmdel, New Jersey. The company offers cybersecurity services, cloud and datacenter solutions, networking and connectivity services intended for multiple types of organizations and assist corporations and organizations to achieve higher levels of operational uptime while limiting business process and information-based risk.
Deal Synopsis: Ecko announced on March 8 that it was acquiring Commercium Technologies for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/158671-81
News Release: N/A
Company: ES Industries
Location: West Berlin, NJ
Sector: Materials and Resources | ES Industries manufactures high-performance liquid chromatography (HPLC) columns for bonded phases and packing materials. The company offers high-performance liquid chromatography (HPLC) and supercritical fluid chromatography (SFC) column chemistries and along with technical and method development assistance.
Deal synopsis: PerkinElmer (Suneet Chadha)announced on March 8 that it was acquiring ES Industries for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/336042-73
News Release: PerkinElmer Adds HPLC Columns to Consumables Portfolio
Company: Cloud Nation
Location: Montville, NJ
Sector: Information Technology | Cloud Nation provides managed cloud desktop solutions and application deployment. The company offers cloud desktop, cloud server, office 365 and SD WAN.
Deal synopsis: Uniserver announced on March 3 that it was acquiring Cloud Nation for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/287504-02
News Release: Uniserver and CloudNation Join Forces to Become the #1 Cloud Specialist in the Netherlands
Company: U.S. Vision (Optical Laboratory in Blackwood)
Location: Blackwood, NJ
Sector: Healthcare | U.S. Vision (Optical Laboratory in Blackwood) operates an optical laboratory in Blackwood, New Jersey. The business unit operates a 72,000-square-foot facility for vision needs.
Deal synopsis: ZEISS Vision Care (Jens Boy)announced on March 3 that it was acquiring U.S. Vision (Optical Laboratory in Blackwood) for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/462335-77
News Release: Zeiss Vision Care Acquires Optical Laboratory from U.S. Vision
Company: Radius8
Location: Princeton, NJ
Sector: Information Technology | Radius8 develops a cloud-based localization platform designed to create hyperlocal shopping experiences. The company’s platform creates new commerce opportunities with physical locations and digital channels by helping retailers to tailor to customers based on local trends and currents within the radius around their store and find potential customers, depending on their previous sales history and to spread information regarding sales and upcoming trends, enabling clients to increase conversions by unlocking local data.
Deal synopsis: Fiserv announced on March 2 that it was acquiring Radius8 for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/154046-89
News Release: N/A
*Radius8 previously participated in the NJEDA’s Net Operating Loss Program, the New Jersey Angel Investor Tax Credit Program, and New Jersey Founders & Funders.
Company: Altaflo
Location: Sparta, NJ
Sector: Business Products and Services (B2B) | Altaflo manufactures fluoropolymer and fluoroplastic pipes and tubes for the aerospace, pharmaceutical, chemical, energy and electronics industries. The company specializes in customized fluid handling solutions for challenging applications, including those requiring additional precision and purity, providing cost-effective products that meet clients’ specific requirements.
Deal synopsis: Pexco announced on March 1 that it was acquiring Altaflo for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/223174-90
News Release: Pexco LLC Expands Fluoropolymer Offerings with Acquisition of Altaflo
Company: ARMC Financial Services
Location: Oradell, NJ
Sector: Financial Services | ARMC Financial Services provides revenue cycle management services intended for the healthcare sector. The company offers denials management to hospitals, health systems and physician groups, helping them collect revenue that is improperly denied by insurance carriers and thereby minimizing write-offs.
Deal synopsis: Revco Solutions announced on March 1 that it was acquiring ARMC Financial Services for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/282046-96#overview
News Release: Longshore Capital and Revco Solutions Complete Acquisition of ARMC Financial Services
Company: Catalent Pharma Solutions
Location: Somerset, NJ
Sector: Biotechnology, Pharmaceutical, Supply Chain Management | Catalent provides advanced delivery technologies, development, and manufacturing solutions for drugs, biologics, cell and gene therapies.
Deal synopsis: The company announced it had raised $550 million in Post-IPO debt funding as of February 10.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/60658-12#overview
Company: Indegene
Location: Princeton, NJ
Sector: Health Care, Information Technology | Indegene enables global health care organizations address complex challenges and drive better health and business outcomes.
Deal synopsis: The company announced it had raised $200 million in private equity funding as of February 3.
Investor(s): Brighton Park Capital, Carlyle Global Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/57241-27
News Release: Carlyle and Brighton Park agree to invest US$200 million in Indegene | Indegene
Company: TYME Inc
Location: Bedminster, NJ
Sector: Biotechnology, Medical, Pharmaceutical, Therapeutics | TYME is an emerging biotech developing cancer therapeutics intended to be broadly effective across tumor types with low toxicity profiles.
Deal synopsis: The company announced it had raised $100 million in Post-IPO equity funding as of February 4.
Investor(s): Undisclosed
Pitchbook Profile page: N/A
News Release: Tyme Inc. – TYME Announces Closing of $100 Million Registered Direct Offering of Common Stock
Company: Voyager
Location: Jersey City, NJ
Sector: Cryptocurrency, Financial Services, Information Technology | Voyager is a crypto asset broker that provides retail and institutional investors with a turnkey solution.
Deal synopsis: The company announced it had raised $100 million in Post-IPO equity funding as of February 12.
Investor(s): Stifel Financial Corp.
Pitchbook Profile page: N/A
Company: Hepion Pharmaceuticals
Location: Edison, NJ
Sector: Biotechnology, Life Science, Pharmaceutical | Hepion Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the development of targeted therapies for liver disease.
Deal synopsis: The company announced it had raised $88.4 million in Post-IPO equity funding as of February 18.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/61492-33
News Release: Hepion Pharmaceuticals, Inc. Announces Closing of Public Offering – Hepion Pharmaceuticals
Company: Citius Pharmaceuticals
Location: Cranford, NJ
Sector: Biotechnology, Life Science, Medical, Therapeutics | Citius Pharmaceuticals is a specialty pharmaceutical company dedicated to the development and commercialization of therapeutic products.
Deal synopsis: The company announced it had raised $76.5 million in Post-IPO equity funding as of February 17.
Investor(s): Myron Holubiak, Leonard Mazur
Pitchbook Profile page: https://pitchbook.com/profiles/company/107499-07#overview
News Release: Citius Pharmaceuticals Announces $76.5 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules :: Citius Pharmaceuticals, Inc. (CTXR)
Company: Caladrius Biosciences
Location: Basking Ridge, NJ
Sector: Biotechnology, Pharmaceutical, Therapeutics | Caladrius Biosciences is a clinical-stage biopharmaceutical company dedicated to the development of cellular therapies designed to reverse disease.
Deal synopsis: The company announced it had raised $65 million in Post-IPO equity funding as of February 12.
Investor(s): National Institutes of Health, National Institutes of Health (NIH), RimAsia Capital Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/14197-87#overview
News Release: Caladrius Biosciences, Inc. Announces $65 Million Registered Direct Offerings Priced At-The-Market under Nasdaq Rules – Caladrius Biosciences
Company: Goldin Auctions
Location: Runnemede, NJ
Sector: Auctions, Marketplace | Goldin Auctions is the leading marketplace for trading cards, sports memorabilia, and other collectibles.
Deal synopsis: The company announced it had raised $40 million in venture funding as of February 16.
Investor(s): Anthony Pompliano, The Chernin Group, Spencer Rascoff, Kevin Durant, Mark Wahlberg
Pitchbook Profile page: https://pitchbook.com/profiles/company/256609-90#overview
Company: Nuvolo
Location: Paramus, NJ
Sector: Information Technology | Nuvolo develops an enterprise asset management (EAM) platform designed to facilitate better management of enterprise assets. The company’s platform offers a cloud-based platform to provide EAM for facilities, clinics, and labs as well as offer medical devices cybersecurity, enabling health care providers, life science organizations, and pharmaceutical manufacturers to better manage their assets and improve operational efficiency.
Deal synopsis: The company raised $31 million of venture funding on February 25.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/131274-19#overview
News Release: Nuvolo Raises $31M Series C Funding to Accelerate Global Expansion and IWMS Platform Evolution
Company: Cancer Genetics
Location: Rutherford, NJ
Sector: Biotechnology, Genetics, Health Care, Health Diagnostics | Cancer Genetics is a laboratory that develops and commercializes proprietary genomic tests and services to empower cancer treatment.
Deal synopsis: The company announced it had raised $17.5 million in Post-IPO Equity funding as of February 10.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/53982-82
News Release: News Release: Cancer Genetics Announces $17.5 Million Common Stock Offering Priced At-the-Market under Nasdaq Rules :: Cancer Genetics, Inc. (CGIX)
Company: 1Kosmos
Location: Somerset, NJ
Sector: Information Technology | 1Kosmos develops an identity management system that enables people to use their face, voice or fingerprint to access online services such as banking and email to usernames and passwords. The system enables people and businesses to store their identity data, professional or educational credentials in a secure digital identity safe way on their own mobile devices.
Deal synopsis: The company raised $15.1 million of Series A venture funding on February 16.
Investor(s): ForgePoint
Pitchbook Profile page: https://pitchbook.com/profiles/company/277343-65
News Release: 1Kosmos Secures $15 Million in Series A Funding from ForgePoint Capital | Business Wire
Company: SPHERE Technology Solutions
Location: Hoboken, New Jersey
Sector: Analytics, Compliance, Cyber Security, Data Integration | SPHERE provides software and services to improve data governance, security, and compliance across data, platforms, and applications.
Deal synopsis: The company announced it had raised $10 million in Series A funding as of February 18.
Investor(s): ForgePoint Capital, Sounil Yu, Omkhar Arasaratnam, Adnane Charchour, Joel Caminer
Pitchbook Profile page: https://pitchbook.com/profiles/company/128664-55
Company: Enalare Therapeutics
Location: Princeton, NJ
Sector: Healthcare | Enalare Therapeutics develops technology intended to provide therapies for patients suffering from acute respiratory conditions. The company’s biopharmaceutical platform provides pharmaceutical preparations and medical information for the treatment of opioid addiction, opioid overdose and opioid dependence. It also comes up with agnostic therapeutic breathing stimulants, enabling patients to get a treatment for the life-threatening disease of acute respiratory depression.
Deal synopsis: The company raised $10 million of seed funding on February 2.
Investor(s): Undisclosed.
Pitchbook Profile page: https://pitchbook.com/profiles/company/454994-20
News Release: Enalare Therapeutics Announces Closing of Successful Seed Funding Round
Company: Cornbread Soul
Location: Maplewood, NJ
Sector: Consumer Products and Services (B2C) | Cornbread Soul operates a restaurant business intended to use an innovative technology to provide a family-friendly dining experience. The company’s platform sources all the ingredients from local farmers and shops to ensure that food is always fresh, also provides a comfort and convenient environment to individuals, enabling customers to get the taste of authentic soul food.
Deal synopsis: The company raised $5 million of venture funding on February 24.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/461939-68
Company: Avotres
Location: Cedar Knolls, NJ
Sector: Healthcare | Avotres operates a biotechnology company intended to develop and commercialize transformational therapies in autoimmune diseases, cancers and transplantation.
Deal synopsis: The company raised $4 million of angel funding on February 24.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/447291-91
Company: ZooPix
Location: Parsippany, NJ
Sector: Information Technology | ZooPix provides an application-based platform intended to offer interactive games for pets and their owners. The company’s platform provides a social network which strives to engage humans with their pets through creative expression, fun games and videos, enabling pet owners to have a fun time with their pets.
Deal synopsis: The company raised $4 million of angel funding in the form of SAFE notes on February 16.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/461893-96
Company: MutualMarkets
Location: Franklin Lakes, NJ
Sector: Business Prodcuts and Services (B2B) | MutualMarkets develops an artificial intelligence-based marketplace (AI) designed to provide the right connections. The company’s marketplace uses proprietary AI powered marketing technology, enabling businesses to invest in brand economy strategically.
Deal synopsis: The company raised $3 million of seed funding on February 10.
Investor(s): Round led by Bessemer Venture Partners and Greycroft. Six additional investors participated in the round.
Pitchbook Profile page: https://pitchbook.com/profiles/company/459972-82
News Release: MutualMarkets Announces $3.0M Seed Funding
Company: Audience Town
Location: Newark, NJ
Sector: Business Products and Services (B2B) | AudienceTown provides digital advertising services intended to match services and inventory to the right audiences online. The company’s platform helps in segmentation and matching the right advertisement, to the right person by targeting algorithms, audience data, bidding, media selection, attribution and reporting, enabling clients with generated leads and precise targeting for finding audience online.
Deal synopsis: The company raised $2.10 million of venture funding on February 1.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/277791-94
News Release: Audience Town Raises $2.1M in New Funding Led by Wasatch Venture Partners — Audience Town: The Advertising Platform for Real Estate, Moving & Home
Company: Hostify
Location: Jersey City, NJ
Sector: Blockchain, Cryptocurrency, Internet of Things | Hostify is a long range wide area network (LoRaWAN) gateway distributor that focuses on building decentralized internet for low-powered sensors and smart devices.
Deal synopsis: The company announced it had raised $150,000 in Seed funding as of February 1.
Investor(s): Undisclosed
Pitchbook Profile page: N/A
Company: Prime Pensions
Location: Florham Park, NJ
Sector: Financial Services, Retirement | Prime Pensions Inc is an independent provider of retirement plan recordkeeping, consulting, actuarial and administration services.
Deal synopsis: The company announced it had raised an undisclosed amount of private equity funding as of February 8.
Investor(s): Mill Point Capital
Pitchbook Profile page: https://pitchbook.com/profiles/company/370150-57
Company: Digital Lending Capital Corporation
Location: Jersey City, NJ
Sector: Cryptocurrency, Financial Services, Lending, Risk Management | DLCC offers Full-Service Institutional -Grade Prime Brokerage Services and Technology for Digital Asset Management
Deal synopsis: The company announced it had raised an undisclosed amount in Series A funding as of February 26.
Investor(s): Aves Lair
Pitchbook Profile page: https://pitchbook.com/profiles/company/327378-16
Mergers and Acquisitions
Company: HS Design
Location: Morristown, NJ
Sector: Consumer Electronics, Government, Health Care, Life Sciences, Medical Device | HS Design is a product development firm.
Deal synopsis: SteriPack Group announced on February 22 that it was acquiring HS Design for an undisclosed amount.
Crunchbase Profile page: https://www.crunchbase.com/organization/hs-design
News Release: Great Point Partners Backed SteriPack Group Completes Acquisition of HS Design, Inc. (prweb.com)
Company: IDYA4
Location: East Brunswick, NJ
Sector: Analytics, Cyber Security, Data Integration | IDYA4 is a health data integration, security and analytics company.
Deal synopsis: CloudMD announced on February 23 that it was acquiring IDYA4 for an undisclosed amount.
Crunchbase Profile page: https://www.crunchbase.com/organization/idya4
News Release: CloudMD to Acquire IDYA4, a North American Leader in Healthcare Data Integration and Cybersecurity
Company: HomeKeepr
Location: Lyndhurst, NJ
Sector: Real Estate | HomeKeepr develops a mobile application for home service aiming to connect realtors and local home service professionals.
Deal synopsis: MooveGuru announced on February 11 that it was acquiring HomeKeepr for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/239586-22#overview
News Release: MooveGuru Acquires HomeKeepr — RISMedia
Company: TrialScope
Location: Jersey City, NJ
Sector: Clinical Trials, Health Care, Medical | TrialScope offers clinical-trial-disclosure and transparency-management technologies.
Deal synopsis: Pharma Intelligence announced on February 10 that it was acquiring TrialScope for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/63651-70
News Release: N/A
*TrialScope previously participated in the NJEDA’s Net Operating Loss Program. NJEDA also invested in TrialScope through its limited partnership investment into Edison Partners.
Company: Progressive Promotions
Location: Englewood, NJ
Sector: Advertising, Brand Marketing, Event Promotion | Progressive Promotions is a marketing agency that offers corporate apparel, promotional products, events, merchandising, and brand management.
Deal synopsis: Consolidated Marketing Services announced on February 3 that it was acquiring Progressive Promotions for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/128001-70
News Release: Consolidated Marketing Services Acquires Award-Winning Promotional Merchandise Agency Progressive Promotions
Company: OwnBackup
Location: Englewood Cliffs, NJ
Sector: Information Technology|OwnBackup developscloud data protection platform built to prevent and manage data loss and corruption crises. The company’s cloud-to-cloud backup and restore platform provides secure, automated and daily backups of software-as-a-service and platform-as-a-service data, as well as sophisticated data, compare and restore tools, enabling businesses to protect critical cloud data and optimize disaster recovery.
Deal synopsis: The company raised $167.5 million of Series D venture funding on January 28.
Investor(s): Led by Salesforce Ventures, Insight Partners and Sapphire Ventures. Oryzn Capital, Vertex Ventures Israel and Innovation Endeavors also participated in the round.
Pitchbook Profile page: https://pitchbook.com/profiles/company/153138-88#overview
Article: OwnBackup raises $167.5 million to bring cloud data backups to Salesforce and beyond
Company: Provention Bio
Location: Lebanon, NJ
Sector: Biotechnology, Health Care, Medical, Pharmaceutical| Provention Bio is a clinical stage biopharmaceutical dedicated to sourcing, developing and commercializing novel therapeutics.
Deal synopsis: Provention Bio raised $100 million in Post-IPO Equity funding on January 13.
Investor(s): Johnson & Johnson Innovation, JDRF T1D Fund
Pitchbook Profile page: https://pitchbook.com/profiles/company/180591-22
News Release: Provention Bio Announces Pricing of $100 Million Public Offering of Common Stock
Company: Elucida Oncology
Location: Monmouth Junction, NJ
Sector: Healthcare | Elucida Oncology develops a silica particle delivery platform intended to enhance the performance of diagnostic, imaging and therapeutic treatments in oncology. The company’s platform is highly engineered and customizable which is centered around the detection and treatment of primary solid tumor and metastatic cancers, enabling healthcare providers to target delivery of imaging and high concentration therapeutic payloads to tumor cells.
Deal synopsis: The company closed on $43.74 million of Series A1 venture funding on January 11.
Investor(s): Undisclosed.
Pitchbook Profile page: https://pitchbook.com/profiles/company/185235-67
News Release: Elucida Oncology Closes $44 Million Series A-1 Financing :: Elucida Oncology, Inc.
*Elucida previously benefited from the NJEDA’s Angel Investor Tax Credit Program.
Company: Flowonix
Location: Mount Olive, NJ
Sector: Healthcare | Flowonix develops a medical therapeutic device created to ease drug infusion and delivery to patients. The company specializes in the development of implantable devices to deliver and infuse therapeutic drugs into the spine for the management of chronic and various pain, thus enabling physicians and healthcare professionals to use enhancing drugs for the treatment of neurological disorders.
Deal synopsis: The company raised an estimated $36.5 million of Series B venture funding on January 4.
Investor(s): Led by Farallon Capital Management. Other undisclosed investors also participated in the round.
Pitchbook Profile page: https://pitchbook.com/profiles/company/54042-13
News Release: Flowonix Medical, Inc. and SWK Holdings Corporation Announce Closing of $33 Million Financing
*Flowonix previously participated in the NJEDA’s Net Operating Loss Program.
Company: Blue Sage Solutions
Location: Englewood Cliffs, NJ
Sector: Information Technology | Blue Sage Solutions operates a digital lending platform intended to deliver lending services that optimize operations while maximizing customer experience. The company’s platform is cloud-based and includes mobile applications to provide end-to-end functionality for the lending and fulfillment process regardless of the channel, enabling retail, wholesale, and correspondent lenders to optimize their operation and have a convenient lending experience.
Deal synopsis: The company raised $35 million of venture funding on January 8.
Investor(s): Goldman Sachs and other undisclosed investors
Pitchbook Profile page: https://pitchbook.com/profiles/company/139947-31#overview
News Release: Blue Sage Solutions Announces Investment from Goldman Sachs Growth Equity
Company: Voyager
Location: Jersey City, NJ
Sector: Cryptocurrency, Financial Services, Information Technology| Voyager is a crypto asset broker that provides retail and institutional investors with a turnkey solution.
Deal synopsis: Voyager raised $25 million in Post-IPO Equity funding on January 14.
Investor(s): N/A
Pitchbook Profile page: N/A
Company: Caladrius Biosciences
Location: Basking Ridge, NJ
Sector: Biotechnology, Pharmaceutical, Therapeutics| Caladrius Biosciences is a clinical-stage biopharmaceutical company.
Deal synopsis: Caladrius Biosciences raised $25 million in Post-IPO Equity funding on January 21st.
Investor(s): National Institutes of Health, National Institutes of Health (NIH), RimAsia Capital Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/14197-87
News Release: Caladrius Biosciences Closes $25.0 Million Private Placement
Company: Citius Pharmaceuticals
Location: Cranford, NJ
Sector: Biotechnology, Life Science, Medical, Therapeutics| Citius Pharmaceuticals is a specialty pharmaceutical company dedicated to the development and commercialization of therapeutic products.
Deal synopsis: Citius Pharmaceuticals raised $20 million in Post-IPO Equity funding on January 25.
Investor(s): Leonard Mazur, Myron Holubiak
Pitchbook Profile page: https://pitchbook.com/profiles/company/107499-07
Company: Cancer Genetics
Location: Rutherford, NJ
Sector: Biotechnology, Genetics, Health Care, Health Diagnostics| Cancer Genetics is laboratory that develops and commercializes proprietary genomic tests and services to empower cancer treatment.
Deal synopsis: Cancer Genetics raised $10 million in Post-IPO equity funding on January 28.
Investor(s): N/A
Pitchbook Profile page: https://pitchbook.com/profiles/company/53982-82
News Release: Cancer Genetics Announces $10.0 Million Private Placement Priced At-the-Market
*Cancer Genetics previously participated in the NJEDA’s Net Operating Loss Program.
Company: Outlook Therapeutics
Location: Cranbury, NJ
Sector: Biopharma, Biotechnology, Pharmaceutical, Therapeutics| Outlook Therapeutics is a biopharmaceutical company focused on developing and commercializing monoclonal antibody biosimilar therapeutics.
Deal synopsis: Outlook Therapeutics raised $10 million in Post-IPO equity funding on January 28..
Investor(s): Perceptive Advisors, venBio Partners, Sabby Management, Cormorant Global Healthcare Master Fund, Longwood Capital Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/65006-29
News Release: Outlook Therapeutics Announces $10.0 Million Bought Deal Offering of Common Stock
Company: Motorika
Location: Mount Laurel, NJ
Sector: Biotechnology, Health Care, Medical| Motorika’s mission is to create robot-assisted solutions to meet the therapeutic needs of patients suffering from a variety of neurological.
Deal synopsis: Motorika raised $4 million in venture funding on January 19.
Investor(s): Russian Direct Investment Fund, Far Eastern High Technology Fund
Pitchbook Profile page: https://pitchbook.com/profiles/company/231157-36
Company: BKON
Location: Moorestown, NJ
Sector: Consumer Products and Services (B2C) | BKON manufactures brewing equipment intended to offer flavored beverages. The company’s equipment uses rain technology to create new rules for flavor enhancement, product stability, and production efficiencies, thereby enabling users to craft a new variety of made-to-order coffees, loose-leaf teas, and cocktails with enhanced flavor, purity, precision, and speed.
Deal synopsis: The company raised $3 million of Series A venture funding on January 5.
Investor(s): Led by GoodWest Industries. Keiretsu Forum also participated in the round.
Pitchbook Profile page: https://pitchbook.com/profiles/company/265127-32#overview
Company: BioStream Technologies
Location: Moorestown, NJ
Sector: Healthcare | BioStream Technologies develops a video game therapy intended to help children with autism spectrum disorder improves their social skills. The company’s therapy uses state-of-the-art technology to create a high-quality experience that includes animations, music, levels, power-ups, and more, enabling children with an autism spectrum disorder to practice skills in a comfortable environment before applying them in the real world.
Deal synopsis: The company raised $725,000 of angel funding on January 13.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/186248-17#overview
Company: CarrotFi
Location: Jersey City, NJ
Sector: Information Technology | CarrotFi develops a cloud financial management platform designed to innovate home-saving strategies at-scale. The company’s platform discovers vital borrower information across the debt journey and drives customized playbooks that look beyond credit scores to create win-win outcomes, thereby, providing investors and borrowers with sustainable solutions for distressed homeowners, at their time-in-need, develop relationships and drive customer lifetime value.
Deal synopsis: CarrotFi joined Entrepreneurs Roundtable Accelerator as a part of Winter 2021 cohort on January 11 and received $100,000 in funding.
Investor(s): Entrepreneur Roundtable Accelerator
Pitchbook Profile page: https://pitchbook.com/profiles/company/442199-62
Company: eBumps
Location: Princeton, NJ
Sector: Business Products and Services (B25) | eBumps provides a mobile advertising platform designed to use location data and the creation of a new advertising medium to provide rapid-paced and targeted advertisements to the public. The company’s platform is made up of 16-inch liquid crystal display (LCD) screens that are placed on the passenger doors of vehicles facing the sidewalk, enabling benefits to both consumers and to advertisers.
Deal synopsis: The company raised $50,000 of convertible debt financing on January 25.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/459350-83
Company: Comprehensive Healthcare Systems
Location: Edison, NJ
Sector: Health Care, Information Technology, Software| Comprehensive Healthcare Systems provides healthcare administrative software solutions.
Deal synopsis: Comprehensive Healthcare Systems raised $50,000 in debt financing on January 14.
Investor(s): Hunch Ventures
Pitchbook Profile page: https://pitchbook.com/profiles/company/183032-83#overview
Company: Tevogen Bio
Location: Metuchen, NJ
Sector: Healthcare | Tevogen Bio provides curative and preventative treatments intended to positively impact global public health. The company’s treatments are offered by leveraging proprietary immunotherapy to develop investigational therapies in oncology, viral vaccines and harnessing its targeted T cell therapy to develop investigational products to treat viral infections, enabling healthcare industry to offer curative and preventive treatments.
Deal synopsis: The company raised an undisclosed amount of angel funding.
Investor(s): HMP Partners of New Jersey
Pitchbook Profile page: https://pitchbook.com/profiles/company/459341-65
News Release: Tevogen Bio Secures Funding from Team of Doctors to Support Clinical Trials of Its Investigational Curative T Cell Therapy for COVID-19
Company: OmniActive Health Technologies
Location: Morristown, NJ
Sector: Health Care, Manufacturing| OmniActive was born from Kancor Ingredients, an ingredient supplier rooted in the food and flavoring industry
Deal synopsis: OmniActive Health Technologies raised an undisclosed amount of private equity funding on January 11.
Investor(s): TA Associates, Everstone
Pitchbook Profile page: https://pitchbook.com/profiles/company/166029-22
News Release: OmniActive Health Technologies Announces Strategic Investment from TA Associates to Accelerate Global Growth
Company: DolphinDB
Location: Jersey City, NJ
Sector: Information Technology | Dolphin DB develops a big data analytical system designed to provide unlimited data scaling capacity. The company’s system integrates a big data database, a lightweight distributed computing framework and a fully-featured vector programming language, enabling finance, telecom and manufacturing businesses to process and analyze huge volumes of data at faster speeds.
Deal synopsis: The company raised an undisclosed amount of Series A venture funding.
Investor(s): Everest VC
Pitchbook Profile page: https://pitchbook.com/profiles/company/181322-47
Company: Income Discovery
Location: Hoboken, NJ
Sector: Financial Services | Income Discovery provides retirement planning services intended to make independent old age living. The company’s services offer investment advice to financial advisors in the construction of a retirement income plan for their clients under the terms described in the commercial agreement, providing customers with safe retirement income.
Deal synopsis: The company raised an undisclosed amount of angel funding on January 14.
Investor(s): Roger Ochs, Shankar Iyer, and Shaun Mathews and other undisclosed investors.
Pitchbook Profile page: https://pitchbook.com/profiles/company/87884-11
Company: HealthG2
Location: Princeton, NJ
Sector: Business Products and Services (B2B) | Provider of undisclosed products and services. The company is currently operating in stealth mode.
Deal synopsis: The company raised $25,000 of angel funding on January 5, 2021.
Investor(s): Undisclosed
Pitchbook Profile page: N/A
Company: Optimeos Life Sciences
Location: Princeton, NJ
Sector: Life Sciences | Optimeos Life Sciences is pioneering a novel nanoparticle-enabled approach for the sustained delivery of biologics to advance medical treatment and patient care.
Deal Synopsis: Optimeos Life Sciences announced on January 14 that it has received a Small Business Technology Transfer (STTR) grant for its technology, which can help create a more robust, versatile, and potent COVID-19 vaccine.
Investor(s): National Science Foundation
Pitchbook: https://pitchbook.com/profiles/company/186401-53#overview
Mergers and Acquisitions
Company: Cantel Medical
Location: Little Falls, NJ
Sector: Health Care, Medical, Medical Device, Water Purification | Cantel Medical is a provider of infection prevention products and services for caregivers, patients, and other healthcare providers.
Deal synopsis: STERIS Corporation announced on January 12 that the company was acquiring Cantel Medical for $4.6 billion.
Pitchbook Profile page: https://pitchbook.com/profiles/company/41334-49
News Release: STERIS Announces Definitive Agreement to Acquire Cantel Medical
Company: Kashiv Specialty Pharmaceuticals
Location: Piscataway, NJ
Sector: Biopharma, Biotechnology, Pharmaceutical| Kashiv Specialty Pharmaceuticals develop complex generics, innovative drug delivery platforms, and novel 505(b)(2) drugs.
Deal synopsis: Amneal Pharmaceuticals announced on January 12 that the company was acquiring Kashiv Specialty Pharmaceuticals for $70 million.
Pitchbook Profile page: N/A
News Release: Amneal to Acquire Substantially All of Kashiv Specialty Pharmaceuticals
Company: Apex IT Group
Location: Mount Laurel, NJ
Sector: Cloud Computing, Cyber Security, Information Technology | Apex IT Group delivers IT managed services through its proprietary process-driven methodology.
Deal synopsis: Thrive announced on January 22 that the company was acquiring Apex IT Group for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/230586-76
Company: Corsis
Location: Livingston, NJ
Sector: Business Intelligence, Consulting, Information Technology | Corsis is a data-powered technology platform that delivers revolutionary insights into technology investments that drive growth and value.
Deal synopsis: Crosslake Technologies announced on January 21 that the company was merging with Corsis for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/113789-71
Company: RAdata
Location: Flanders, NJ
Sector: Environmental Consulting, Environmental Engineering, Water| RAdata offers radon testing and treatment business.
Deal synopsis: Rockbridge Growth Equity announced on January 14 that the company was acquiring RAdata for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/247641-67
Company: CareFirst Specialty Pharmacy
Location: Cinnaminson, NJ
Sector: Health Care, Pharmaceutical| CareFirst Specialty Pharmacy offers compounded medications that are formulated using specific processes to meet specific needs.
Deal synopsis: Axia Women’s Healthannounced on January 8 that the company was acquiring CareFirst Specialty Pharmacy for an undisclosed amount.
Pitchbook Profile page: N/A
Company: Catalent – Blow-Fill-Seal Sterile Contract Development and Manufacturing Business
Location: Somerset, NJ
Sector: Biotechnology, Pharmaceutical| Catalent – Blow-Fill-Seal Sterile CDMO Business is focusing on complex clinical to commercial stage formulation and manufacturing.
Deal synopsis: SK Capital Partners announced on January 6 that the company was buying out Catalent – Blow-Fill-Seal Sterile Contract Development and Manufacturing Business for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/60658-12#overview
News Release: Catalent Divests Blow-Fill-Seal Sterile CDMO Business
Company: VerQu
Location: Raritan, NJ
Sector: Document Management, Information Technology, Software | VerQu offers software solutions, services, and additional cutting-edge technologies.
Deal synopsis: Relativity announced on January 6 that the company was acquiring VerQu for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/343233-10
News Release: Relativity Acquires VerQu, a Data Management Software Company
Company: Servian
Location: Sydney, New South Wales, Australia
Sector: Analytics, Data Integration, Information Technology| Servian design, deliver and manage innovative data & analytics, digital, customer engagement.
Deal synopsis: Cognizant announced on January 10th that the company was acquiring Servian for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/232328-98
Company: Astrix Technology Group
Location: Red Bank, NJ
Sector: Information and Technology Services | Astrix Technology Group is an informatics consulting, professional services and outsourced staffing company dedicated to serving the scientific community.
Deal synopsis: Quad-C Management announced on January 4 that it had acquired Astrix Technology Group.
Pitchbook Profile page: https://pitchbook.com/profiles/company/130568-41#funding
News Release: Quad-C Management Announces Two New Services Investments and the Sale of Inmark
Company: MIAX New Jersey
Location: Princeton, NJ
Sector: Financial Technology | MIAX New Jersey is an operator of a fully-electronic exchange intended for the trading of equity options.
Deal synopsis: MIAX New Jersey announced on December 18 that it closed on $94.9 million in funding.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/miax
Company: Medocity
Location: Parsippany, NJ
Sector: Information Technology | Medocity offers a virtual care platform designed for enterprise solution to enable continuous, patient-centric care.
Deal synopsis: Medocity closed on $10.84 million in venture funding on December 17.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/medocity
Company: Hive Brands
Location: Old Bridge, NJ
Sector: Consumer Products and Services (B2C) | Hive Brands operates an online marketplace intended to make food and cleaning supplies easy. The marketplace offers food products, snacks, beverages, baby products, laundry products, pet products and consumer durables, enabling consumers to buy their daily use products from a single site.
Deal synopsis: Hive Brands announced on December 31 that it had raised $5.11 million of angel funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/458033-86#overview
Company: Partake Foods
Location: Hoboken, NJ
Sector: Consumer Products and Services (B2C) | Partake produces and supplies gluten-free, vegan, and allergy-friendly cookies. The company’s products include a variety of cookies such as sprouted grain chocolate chip mini cookies, double chocolate chip mini cookies, sweet potato millet mini cookies, carrot oat mini cookies, and birthday cake mini cookies, enabling customers to get a variety of healthy snacks.
Deal synopsis: The company announced on December 31 that it had raised $4.8 million of venture funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/234888-76
Company: Squan
Location: Englewood, NJ
Sector: Telecommunications | Squan provides innovative solutions that enable the evolution of wireless and data networks.
Deal synopsis: Squan announced on December 7 that it had closed on $4 million in venture funding.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/squan
Company: Ladder (US)
Location: NJ
Sector: Information Technology | Ladder has developed an online professional community platform designed to grow the career of students and professionals. The company’s platform gives students a space to talk about their careers, form connections with like-minded peers, get advice from industry experts, and participate in recruiting opportunities.
Deal synopsis: The company raised $3.07 million of angel funding on December 7.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442548-55
Company: Hazel
Location: Jersey City, NJ
Sector: Consumer Products and Services (B2C) | Hazel operates an online portal intended to encourage female care. The company’s portal provides products that encourage women to express themselves in the manner they want, enabling women to enjoy their lives.
Deal synopsis: The company raised $2.52 million of venture funding on December 29.
Investor(s): Blue Slide Ventures and Human Ventures
Pitchbook Profile page: https://pitchbook.com/profiles/company/434240-02#overview
Company: TruElastin Laboratories
Location: Chatham, NJ
Sector: Healthcare | TruElastin Laboratories develops medical devices for crosslinking and stabilizing natural elastin. The company’s device is used to release the elastin-stabilizing compound within a body lumen of a patient, enabling doctors to use the device as a longer-duration soft tissue filler for aesthetic applications.
Deal synopsis: The company announced on December 4 that it had raised $2 million of angel funding through a combination of equity and debt.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/454700-80
Company: Notitia Biotechnologies
Location: Monmouth Junction, NJ
Sector: Biotechnology | Notitia Biotechnologies develops a biotechnology platform that uses a new method for microbiome data analysis and discovery.
Deal synopsis: Notitia Biotechnologies announced on December 15 that it had raised $1.5 million on December 15.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/notitia-biotechnologies
Company: Soligenix
Location: Princeton, NJ
Sector: Biopharmaceutical | Soligenix, Inc. focuses on developing and commercializing products to treat rare diseases where there is an unmet medical need.
Deal synopsis: Soligenix announced on December 28 that it has been awarded a Direct to Phase II Small Business Innovation Research (SBIR) grant of approximately $1.5 million to support manufacture, formulation (including thermostabilization) and characterization of COVID-19 (Coronavirus Disease 2019) and EVD (Ebola Virus Disease) vaccine candidates in conjunction with the CoVaccine HT™ (CoVaccine) adjuvant.
Investor(s): The National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH).
Pitchbook Profile page: https://pitchbook.com/profiles/company/41938-48
News Release: Soligenix Announces $1.5 Million NIH Small Business Innovation Research Award Advancing COVID-19 Vaccine Development
*Soligenix previously participated in the NJEDA’s Net Operating Loss Program.
Company: Adapty
Location: Cranford, NJ
Sector: Information and Technology Services | Adapty designs and develops omnichannel solutions that drive customer engagement and enable business growth.
Deal synopsis: Adapty announced on December 22 that it raised $500,000 in pre-seed funding.
Investor(s): 500 Startups, Genesis Investments, AdFirst.vc
Crunchbase Profile page: https://www.crunchbase.com/organization/adapty-6702
Company: Couple
Location: Basking Ridge, NJ
Sector: Information Technology | Couple provides a virtual dating platform designed to connect with real people, not online profiles. The company’s platform spares hours of swiping by sitting at a virtual table with actual dates, enabling people to get matches over private video feeds.
Deal synopsis: The company announced on December 8 that it had raised $400,000 of angel funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/455164-12
Company: Iron Hills Therapeutics
Location: Andover, NJ
Sector: Healthcare | Iron Hill Therapeutics operates a therapeutics company based Andover.
Deal synopsis: The company raised $390,000 of convertible debt financing on December 28.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/458240-32
Company: I Got It
Location: Bridgewater, NJ
Sector: Information Technology | I Got It develops an online auction platform intended to engage fans to bid in real-time on experiences and merchandise. The company’s platform allows fans to auction their experiences, merchandise, and memorabilia exclusively at the venues they are attending, enabling them to enhance their monetization of existing souvenir and memorabilia through targeted sales.
Deal synopsis: The company closed on $264,400 of equity crowdfunding on December 13.
Investor(s): Crowdfunding via Wefunder
Pitchbook Profile page: N/A
Company: Chinah
Location: East Brunswick, NJ
Sector: Consumer Products and Services (B2C) | Operator of a Chinese restaurant intended to offer healthy and simple made food.
Deal synopsis: The company joined Newchip on December 14 and received an undisclosed amount of funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/454581-01#overview
Company: Emitrr
Location: West New York, NJ
Sector: Information and Technology Services | Emitrr is an all in one platform that helps its clients build and publish voice apps on Alexa/Google Home.
Deal synopsis: Emitrr announced on December 22 that it had closed on an undisclosed amount of pre-seed funding.
Investor(s): Axilor Ventures
Pitchbook Profile page: https://www.crunchbase.com/organization/emitrr
Company: HiT Nano
Location: Bordentown, NJ
Sector: Clean Energy | HiT Nano develops next generation, low cost and high performance, Li-Ion batteries and energy storage systems by using novel high temperature nanotechnologies
Deal Synopsis: The Binational Industrial Research and Development (BIRD) Foundation announced on December 20 plans to award Hit Nano and Israeli company Tadiran Batteries an undisclosed amount in grant awards to their joint project to develop silicon anode, nickel rich cathode, high-energy high-safety AA Li-Ion Cell for industrial internet of things applications (IOT).
Investor(s): The U.S. Department of Energy, Israel’s Ministry of Energy and the Israel Innovation Authority
Pitchbook Profile Page: https://pitchbook.com/profiles/company/225739-36
Mergers & Acquisitions
Company: Sparta Systems
Location: Holmdel, NJ
Sector: Enterprise Software, Information Technology, Software | Sparta Systems develops Trackwise quality management system software that helps manage quality and compliance processes.
Deal synopsis: Honeywell International announced on December 22 that it was acquiring Sparta Systems for $1.3 billion.
Pitchbook Profile page: https://pitchbook.com/profiles/company/11020-42
News Release: Honeywell Expands Life Sciences And Software Capabilities Through Acquisition Of Sparta Systems
Company: QuickChek
Location: Whitehouse, NJ
Sector: E-Commerce, Retail | QuickChek is a privately owned, Dunellen, New Jersey based chain of convenience stores with 112 stores in New Jersey and New York.
Deal synopsis: Murphy USA announced on December 14 that the company was acquiring QuickChek for $645 million.
Pitchbook Profile page: https://pitchbook.com/profiles/company/185452-12
Company: Matrixx Initiatives
Location: Bridgewater, NJ
Sector: Biotechnology, Health Care | Matrixx initiatives is a company focused on the development of over-the-counter medicine.
Deal synopsis: Church and Dwight, Co. announced on December 1 that it had finalized the acquisition of Matrixx Initiatives for $530 million.
Pitchbook Profile page: https://pitchbook.com/profiles/company/41143-42
News Release: Church & Dwight Acquires Zicam Brand for $530 Million
Company: Wedgewood Pharmacy
Location: Swedesboro, NJ
Sector: Pharmaceutical, Veterinary | Wedgewood Pharmacy is the largest compounding company devoted to animal health in the United States.
Deal synopsis: Partners Group announced on December 9 that it was acquiring Wedgewood Pharmacy for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/145055-71
News Release: Partners Group Will Become New Majority Shareholder of Wedgewood Pharmacy
Company: Genesis Research
Location: Hoboken, NJ
Sector: Consulting, Life Science, Pharmaceutical | Genesis Research is a global life sciences research and consulting company.
Deal synopsis: Sirius Market Access announced on December 3 that it was acquiring Genesis Research for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/360350-11
News Release: Genesis Research Announces Merger with UK-based Sirius Market Access
Company: Apprentice.io
Location: Jersey City, NJ
Sector: Information Technology | Apprentice.io develops enterprise augmented reality that offers solutions for complex manufacturing processes, biopharma and research and development.
Deal synopsis: Apprentice.io announced on November 19 that it had raised $24 million through a combination of debt and Series B venture funding.
Investor(s): Deal led by Insight Partners and included investments from PacWest Bancorp, Pritzker Group Venture Capital, The Venture Reality Fund, and GFR Fund.
Pitchbook Profile page: https://pitchbook.com/profiles/company/181523-62
News Release: Apprentice.io Raises $24 Million Series B Led by Insight Partners
*Apprentice.io benefited from the NJEDA’s NJ CoVest Fund.
Company: Urigen Pharmaceuticals
Location: Bound Brook, NJ
Sector: Pharmaceuticals | Urigen Pharmaceuticals designs and implements products for patients with urological ailments.
Deal synopsis: Urigen Pharmaceuticals announced on November that it had raised $3.02 million in funding.Investor(s): Undisclosed
Crunchbase Profile page: www.crunchbase.com/organization/urigen-pharmaceuticals
Company: Devron
Location: North Brunswick, NJ
Sector: Information Technology | Devron operates a data science product platform intended to focus on democratizing machine learning in distributed silos.
Deal synopsis: The company announced on November 23 that it had raised $3 million of venture funding.
Investor(s): Essence VC as well as other undisclosed investors
Pitchbook Profile page: https://pitchbook.com/profiles/company/454261-06
Company: Tetrels Technology Corp.
Location: Princeton, NJ
Sector: Nanotechnology | Tetrels has created the world’s first Graphene-integrated ultrafiltration membrane that reduces fouling and doubles the lifespan and efficiency of membrane cartridges, saving the average customer hundreds of thousands of dollars/year.
Deal Synopsis: Tetrels Technology Corp. announced on November 5 that it had raised $2.27 million in angel funding.
Investor(s): CM Venture Capital
Pitchbook Profile page: https://www.crunchbase.com/organization/tetrels-technology-corp
Company: Income Discovery
Location: Hoboken, NJ
Sector: Financial Services | Income Discovery provides retirement planning services intended to make independent old age living easier. The company’s services offer investment advice to financial advisors in the construction of a retirement income plan for their clients under the terms described in the commercial agreement, providing customers with safe retirement income.
Deal synopsis: The company raised $1.3 million of convertible debt financing on November 4.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/87884-11#overview
Company: CollectiveCare Dental
Location: Moorestown, NJ
Sector: Healthcare | CollectiveCare Dental operates a dental service organization intended to help dentists build the multi-specialty network in dentistry. The organization offers personalized patient experiences, full range of treatment options and dental career destination, enabling dentists to deliver a higher level of patient care.
Deal synopsis: The company raised $462,580 of angel funding on November 24.
Investor(s): Undisclosed
Pitchbook Profile page: N/A
Company: Vivo Kidney Care
Location: Newton, NJ
Sector: Healthcare | Vivo Kidney Care is the operator of a renal diagnostics company intended to improve dialysis outcomes. The company’s services are equipped with state-of-the-art machinery, trained staff, and international standard practices, impart training for dialysis nurses and technologists, enabling doctors to improve the standard of dialysis treatment in Kenya.
Deal synopsis: The company raised $160,000 of angel funding on November 30.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/185399-83
Company: Dome Audio
Location: Rahway, NJ
Sector: Consumer Products and Services | Dome Audio develops dual fidelity headphones that use surround sound and bone conduction technology to allow both open and closed ear listening, enabling users to hear music in full fidelity while simultaneously hearing important ambient sounds in the environment.
Deal synopsis: Dome Audio raised $92,796 of equity crowdfunding as of November 19.
Investor(s): Crowdfunding via NetCapital
Pitchbook Profile page: N/A
Company: Alitair Pharmaceuticals
Location: Morristown, NJ
Sector: Healthcare | Alitair is developing proprietary ion-exchange resin formulations, prescription cough medicines, and a pipeline of orphan drugs.
Deal synopsis: The company announced on November 11 that it it raised $35,000 of angel funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/125557-12
Company: Parataxis
Location: NJ
Sector: Financial Services | Parataxis operates a multi-strategy investment firm focused on the digital asset sector. The company serves as an investment manager for funds.
Deal synopsis: The company raised an undisclosed amount of venture funding on November 9.
Investor(s): Bill Block, Jamie Selway, Rishi Nangalia, Richard Gorelick Family Office, and other undisclosed investors
Pitchbook Profile page: https://pitchbook.com/profiles/company/452783-89
Mergers & Acquisitions
Company: Emisphere Technologies
Location: Roseland, NJ
Sector: Pharmaceuticals | Emisphere utilizes its proprietary Eligen Technology to create new oral formulations of therapeutic agents.
Deal synopsis: Novo Nordisk announced on November 6 that it was acquiring Emisphere Technologies for $1.35 billion.
Pitchbook Profile page: https://pitchbook.com/profiles/company/41173-03
News Release: Novo Nordisk Completes Acquisition of Emisphere Technologies for $1.35 Billion
Company: Enpirion
Location: Hampton, NJ
Sector: Consumer Electronics | Enpirion is an analog semiconductor company offering highly-integrated power management solutions.
Deal synopsis: Enpirion was acquired by Richtek Technology Corporation for $85 million on November 18.
Pitchbook Profile page: N/A
Company: W-Systems Corp.
Location: Ramsey, NJ
Sector: Information Technology & Services | W-Systems Corp. is a national provider of transformational sales and marketing technology.
Deal synopsis: SugarCRM announced on November 5 that it was acquiring W-Systems Corp. for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/183383-29
News Release: SugarCRM Acquires W-Systems
Company: NJLTC
Location: Hazlet, NJ
Sector: Insurance | NJLTC specializes in long-term care and disability income insurance solutions for its clients and distribution partners.
Deal synopsis: Acquired by LTC Global on November 5 for an undisclosed amount.
Pitchbook Profile page: N/A
Company: DriveWealth
Location: Chatham, NJ
Sector: Financial Technology | DriveWealth is a digital trading technology company that develops cloud-based, API-driven brokerage infrastructure.
Deal synopsis: DriveWealth announced on October 27 that it raised $56.7 million in Series C funding.
Investor(s): Fidelity International Strategic Ventures, Mouro Capital, Point72 Ventures, Quite Growth, Raptor Group, Route 66 Ventures, SBI Group
Crunchbase Profile page: https://www.crunchbase.com/organization/drivewealth
News Release: DriveWealth lands $56.7 million Series C funding round to bolster technology, support acquisition strategy
Company: Arable Labs
Location: Princeton, NJ
Sector: Information Technology | Arable Labs has developed a crop analytics platform designed to manage weather risk and crop health.
Deal synopsis: Arable announced on October 29 that it had raised $20 million in investments.
Investor(s): Ajax Strategies, Alumni Ventures Group, Argonautic Ventures, Cantos Ventures, Chase field, Fred Bould, Imagine H2O, iSelect Fund, M20, Middleland Capital, National Science Foundation, New York City Regional Innovation Node, Prelude Ventures, S2G Ventures, SparkLabs, SVG Ventures, Village Capital.
Pitchbook Profile page: https://pitchbook.com/profiles/company/134273-98
News Release: Arable Raises $20M to Digitize Agriculture and Optimize the Food System
*Arable Labs previously participated in the NJEDA’s Net Operating Loss Program.
Company: H2 – Greenforce
Location: NJ
Sector: Energy | H2-Greenforce develops self-sustainable electric infrastructure intended to decarbonize our planet through the production of green electricity.
Deal synopsis: H2 – Greenforce announced on October 27 that it has raised $12 million in investments.
Investor(s): Kevin Harrington
Pitchbook Profile page: https://pitchbook.com/profiles/company/442974-88
Company: Transcend Street Solutions
Location: Piscataway, NJ
Sector: Information Technology | Transcend develops software designed for businesses to manage collateral effectively.
Deal synopsis: Transcend announced on October 29 that it raised $10 million in investments.
Investor(s): Nyca Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/146591-83
Company: Aspargo Labs
Location: Englewood Cliffs, NJ
Sector: Healthcare | Asparago Labs is developing an oral spray designed to treat erectile dysfunction.
Deal synopsis: Aspargo Labs announced on October 15 that it had raised $7.9 million.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/437597-83
Company: BioAegis Therapeutics
Location: North Brunswick, NJ
Sector: Healthcare | BioAegis Therapeutics is a clinical-stage drug development company that intends to facilitate the treatment of inflammation and infectious diseases.
Deal synopsis: BioAegis Therapeutics announced on October 7 that it had raised $7 million in investments.
Investor(s): National Institute Of Allergy and Infectious Diseases
Pitchbook Profile page: https://pitchbook.com/profiles/company/56089-90
*BioAegis Therapeutics graduated from the NJEDA’s Bioscience Center – Incubator in North Brunswick.
Company: Disprz
Location: West Orange, NJ
Sector: Business Products and Services (B2B) | Disprz develops a mobile learning and engagement platform intended to help organizations digitally onboard, up-skill, continuously develop, and empower employees across organizational ranks.
Deal synopsis: Disprz announced on October 5 that it had raised $1.6 million in investments.
Investor(s): Auctus Capital, GO1, IL&FS Investment Managers, Kae Capital, Oracle, VentureOutNY
Pitchbook Profile page: https://pitchbook.com/profiles/company/169456-51
Company: RunSignup
Location: Moorestown, NJ
Sector: Information Technology | Developer of an all in one registration platform intended for fundraising and endurance events.
Deal synopsis: RunSignup announced on October 8 that it had raised $3.12 million in Series A funding.
Investor(s): Payroc.
Pitchbook Profile page: https://pitchbook.com/profiles/company/96656-23
Company: Bioincept
Location: Cherry Hill, NJ
Sector: Biotechnology | BioIncept develops compound for embryo development in humans.
Deal synopsis: BioIncept announced on October 19 that it has raised $3.1 million in venture funding.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/bioincept
Company: Technology Keiretsu
Location: Morristown, NJ
Sector: Financial Services | Operator of a holding company intended to offer IT consulting services.
Deal synopsis: Technology Keiretsu announced on October 13 that it had raised $2 million in angel investments.
Investor(s): NewSpring Capital, TechSys.
Pitchbook Profile page: https://pitchbook.com/profiles/company/92829-79
Company: Glimpse
Location: Monroe Township, NJ
Sector: Business Products and Services (B2B) | Operator of a two-sided marketplace dedicated to connecting retail brands with short-term rental hosts.
Deal synopsis: Glimpse announced on October 13 that it had raised $1.5 million in seed-round funding.
Investor(s): Aces Syndicate, Bangaly Kaba, Bradley Horowitz, GSR Ventures, Julia Hartz, Kevin Hartz, Origin Ventures, Vibhu Norby, Y Combinator.
Pitchbook Profile page: https://pitchbook.com/profiles/company/442603-00
Company: Borobabi
Location: Paterson, NJ
Sector: Consumer Products and Services (B2C) | Borobabi develops a clothing brand designed to offer ethically-produced children’s garments.
Deal synopsis: Borobabi announced on October 8 that it had raised $472,000 in angel investments.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442371-25
Company: InquisitHealth
Location: River Edge, NJ
Sector: Healthcare |InquisitHealth provides a peer-to-peer mentoring service intended to provide guidance through structured programs and improve patient outcomes.
Deal synopsis: InquisitHealth announced on October 20 that it had raised $260,000 in late-stage venture capital funding.
Investor(s): AmeriHealth, Blueprint Health, DreamIt Ventures, Hudson River Capital Partners, New Jersey Economic Development Authority, Solve Accelerator, U.S. Department of Health and Human Services.
Pitchbook Profile page: https://pitchbook.com/profiles/company/54874-90
*InquisitHealth previously benefited from the NJEDA’s NJ CoVest Fund.
Company: Cila Labs
Location: Pinebrook, NJ
Sector: Information Technology | Cila Labs develops an online platform intended to provide technical assistance to non-tech entrepreneurs.
Deal synopsis: Cila Labs announced on October 21 that it had raised $250,000 in angel investments.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442829-44
Company: Bionex Pharmaceuticals, LLC
Location: North Brunswick, NJ
Sector: Pharmaceuticals | Bionex Pharmaceuticals offers contract research and development services, from early-stage concept development to full-scale commercialization, in bio-pharmaceutical, food and cosmetic products. The company also develops and out-licenses its own proprietary formulations, technologies, and products related to drug, health food, and skin-care applications.
Deal synopsis: Bionex Pharmaceuticals received a $200,000 angel investment on October 6.
Investor(s): Undisclosed
Crunchbase Profile page: N/A
Company: Voyager
Location: Jersey City, NJ
Sector: Financial Services | Voyager is a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets.
Deal synopsis: Voyager announced on October 31 that it had closed raised $110,545 in post-IPO equity.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/voyager-8ad4
Company: Basement Sports
Location: Jersey City, NJ
Sector: Information Technology | Operator of a gaming platform intended to stimulate creative and loosely structured indoor play for kids of all ages.
Deal synopsis: Basement Sports announced on October 1 it had raised $51,500 in crowd funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/438881-32
Company: Signal Insights
Location: North Caldwell, NJ
Sector: Consumer Products and Services (B2C) | Signal Insights develops a news update platform intended to monitor the client and industry news, key website changes, press releases and blog posts.
Deal synopsis: Signal Insights announced on October 14 it had received a $50,000 angel investment.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442603-90
Company: Volan Technology
Location: Hoboken, NJ
Sector: Computer Software | Volan Technology is an artificial intelligence-powered Precise Positioning technology to enable the next generation of smart building automation
Deal synopsis: Volan Technology announced on October 27 that it had received a $25,000 grant.
Investor(s): Lee Prize for Innovation and Entrepreneurship
Crunchbase Profile page: https://www.crunchbase.com/organization/volan-technology
Company: ROAR Augmented Reality
Location: East Hanover, NJ
Sector: Information Technology & Services | ROAR Augmented Reality is a software-as-a-service no-code augmented reality (AR) content management platform that enables businesses and enterprises to create, deploy, and manage AR content at scale.
Deal synopsis: ROAR Augmented Reality announced on October 30 that it had raised on an undisclosed amount of angel funding.
Investor(s): 37 Angels, Golden Seeds, Golden Seeds Venture Fund, Next Act Fund, SmartHub
Crunchbase Profile page: https://www.crunchbase.com/organization/theroar
*ROAR Augmented Reality was the first company to receive an investment from Golden Seeds investors since the NJ Chapter of Golden Seeds was founded in February 2020.
Mergers & Acquisitions
Company: Helix eSports
Location: North Bergen, NJ
Sector: Esports | Helix eSports offers world class gaming and virtual reality experiences at state-of-the-art esports centers.
Deal synopsis: Esports Entertainment Group announced on October 26 that it was acquiring Helix eSports for approximately $43 million.
Crunchbase Profile page: https://www.crunchbase.com/organization/helix-esports
News Release:Esports Entertainment Group Signs Agreement to Acquire Helix eSports and ggCircuit in Deal Valued at $43 Million
Company: TrialScope
Location: Jersey City, NJ
Sector: Computer Software | TrialScope provides clinical trial disclosure and transparency management technology to the global marketplace.
Deal synopsis: TrialScope announced on October 1 that it was acquiring pharmaceutical company Eisai for an undisclosed amount.
Pitchbook Profile page: http://www.pitchbook.com/profiles/company/63651-70#timeline
*TrialScope previously participated in the NJEDA’s Net Operating Loss Program. NJEDA also invested in TrialScope through its limited partnership investment into Edison Partners.
