These companies are group deals that CAV Angels members have invested in via special purpose LLC’s formed specifically to enable said investment. In order to justify a group deal we typically require a minimum of $300k of cumulative investor interest.
SaaS recruiting platform for students and recruiters seeking top talent with advanced degrees
Funded 2017 and 2019. Approximately $200k over multiple rounds
Founders: Sarah Rumbaugh, Zach Mayo
Drug discovery – Natural Therapy for Dry Eye
Total funded $1.4M over multiple rounds beginning in 2017 including $700k in 2021 bridge note
Founders: Mark Logan, Gordon Laurie PhD
AC direct LED lighting solution
Funded 2017 Series Seed $250k
Founder: Roger Whyte
Augmented reality (AR) platform that serves the unique needs of cultural institutions and the travel industry creating dynamic, immersive
experiences to their visitors
Funded successive rounds of Series Seed in 2018-2021 $675k
Founders: Greg & Marion Werkheiser
Drug discovery – developing a novel microRNA therapy to treat patients
with peripheral artery disease (PAD)
Funded Series Seed in Q3 2019 $300k and $200k Series Seed 2 in Q1’21 and $310k Series Seed 2 convertible note
Founder: Dr. Brian Annex
Autonomous underwater vehicle (UAV) not requiring a support vessel
Funded Series Seed Rounds in Q1 and Q4 2020 approx $400k
Sold to Anduril Industries
Founders Jerry Sgobbo, Bill Lebo
SaaS mentoring /Mentor management platform
Funded Q2 2020 and Q2 2021 Seed Rounds $315k+
Founder: John Failla
Specialty materials – additive that strengthens polymers and composites enabling light-weighting
Funded Series Seed Q3 2020 $250k and $1M Series Seed 2 raise in Q1’22
Founders: Haley & Kevin Keith
Patented Tornadic One-Pass technology removes contaminants from industrial wastewater.
Funded $300k Seed Round October 2020 and $300k+ Seed 2 convertible note in H2 ‘21
Founders Karen Sorber & Kelly Rock
RTM VitalSigns: Medical devices which enable remote real-time sensing, monitoring and analyzing critical patient health data.
Funded $280k Seed Round November 2020
Founders Nance Dicciani, Denise Devine & Dr. Jeff Joseph
Springbok Analytics – AI-powered solutions to provide accurate, rapid and comprehensive insight and analysis of the human musculoskeletal system.
Invested $465k in December 2020 seed round
Founders: Drs Silvia Blemkuhl, Joe Hart & Craig Meyer
Babylon Micro Farms – Sustainable indoor hydroponic farming system.
Invested $585k in Dec ’20/Jan ’21 seed round for the C’ville-based business and $275k pre-Series A convertible note $275k pre-Series A Q4 ’21 convertible note
Founders: Alexander Olesen and Graham Smith
Mobile and web platform designed to bring friends together offline.
Series Seed, $1.2M in Q1 2021
Founders: Sean Conrad and Jesse Berns
Executive Chairman – Mike Stadnisky
AI solution for remote detection of failures in home systems
Series Seed, Funded $270k+ Q2 2021
Founders: Dan Simpkins, Chuck Gritton
Woman-founded app to help find cheaper alternatives to beauty/skincare products (“dupes”), launching their own line of skincare products
Series Seed, Funded $600k+ Q2 2021
Founder: Meg Pryde
Microplate reader, a fraction of the price and size of competitors, that helps scientists perform lab experiments.
Series Seed, $500k in Q2 2021
Founders: Erik Hewlett, Jason Papuan and Kevin Seitter
Orthopedic implant for joints that encourages the growth of new cartilage, specially designed for younger patients who want to avoid surgeries like total knee replacement.
Series Seed, $485K in August 2021
Founder: Ben Holmes
Organic bio- pesticide to treat high value crops and control mold
Pre-seed investment in 2019. Seed round in Q4 ‘21. Total funding $300k+.
Founders: Bryan Berger, Evan Eckersley
Israeli-based spinal surgery device company pivoting to robotic surgery opportunity.
Series A, $600K in December 2021
Founder: Dennis Farrell
Sprayable hydrogel for cardiac adhesion prevention, a complication that arises during cardiac surgery.
Series Seed, closed in Q1 ‘2022. $584k
Founder: Greg Grover
These companies have benefitted from CAV Angels funding directly from CAV members. They range from cumulative pre-seed funding of typically $200k or less to more mature companies that can facilitate direct investment from individual CAV Angel members.
Empowering innovation with quality location data
Acquired by Digital Envoy – rebranded to Outlogic
Funded H1 2020 Approximately $800k of Bridge round to Series B
Founder: Josh Anton
Knit, f/k/a Purpics, AdTech – Helping brands engage GenZ consumers 10x more effectively
Series Pre-Seed and Seed
Approximately $100k 2018/19
Founders: Victor Layne, Aneesh Dhawan
Series Pre-Seed and Seed Approximately $100k 2018/19
Founders: Victor Layne, Aneesh Dhawan
SaaS security platform that secures digital assets and reduces digital risk
Funded in H1 2016.
Approximately $50K
Founders: Jim Zuffoletti, Otavio Freire
Building unique fluorescent labels to enable high resolution biology at the single cell level
Funded Series Seed in 2019 approximately $200k
Duke spin-out with UVA PhD CEO Mike Stadnisky
MedTech – developing Adam, a long-lasting, reversible male contraceptive using hydrogel technology
Funded $50k+ pre-Series A bridge
Founder: Kevin Eisenfrats
Fin/InsurTech – Saas-based insurance underwriting platform leveraging data science, AI and machine learning
Funded 2018 Series Seed approximately $100k
Founders: Paul Ford,
Glen Hibler & Bryan Simms
Brings Molecular Rotational Resonance spectroscopy to commercial applications.
Funded $285k in rounds from Q3 ’20 and Q4 ’21”
Co-Founders:
Dave McDaniel & Justin Neil
Flaire: Social Media platform that enables informed decisions from a network of trusted sources
Funded $65k Seed Round November 2020
Founder: Julia Carter
O’MY Foods – Delicious dairy free gelato.
Invested $180k in Dec ’20/Jan ’21 seed round for this RVA-based woman owned business
Founders: Allison Monette and Julie Bishop
DataClassroom – STEM app graphing tool to enable key learning for middle/high school students globally.
Invested $60k in a pre-seed round Q1’21
Co-founders Aaron Reedy – C’ville, VA & Dan Temple – Copenhagen, Denmark
Sunny Day Fun: Employer-rewarded emergency savings program aiming to help stabilize workers’ finances and increase financial freedom.
Seed round, $125k in August 2021
Founder: Sid Pailla
CarpeDM: Members-only dating community and matchmaking service dedicated to finding professional Black women meaningful relationships.
Pre-seed round, $60K in September 2021
Founders: Naza Shelley and Sali Hama