Portfolio Companies

CAV Angels Portfolio Companies

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 $250k 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, CEO Anil Asrani

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 Seed in 2018-2022 $1.375MM

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

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

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 $400k in 2021/22

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 and $92K in Q3 2022


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 Series Seed 2 equity raise $975k


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.

$580K in Q3 ’21 and Q3 ’22

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

B2B FamTech platform enabling work/life balancing family activities.

$250k equity raise Q2 ’22

 Founder : Caitlin Iseler

Novel medical device to help patients suffering from pulmonary emboli.

Series seed convertible note $325k raise closed in Q2’22

Co-Founders: John Schindler & Derek Hall

Specialty pharma company developing novel oral drug delivery platform.

Seed Round Investment, $212K in Q3 ‘22

An Integrated GeoAI Ops Platform

Series A, $750K in Q3 2022

Cofounders Brendan Richardson, Simeon Fitch, and Daniel Bailey

Brings Molecular Rotational Resonance spectroscopy to commercial applications.

Funded $285k in rounds from Q3 ’20 and Q4 ’21” and $320K in Q3 ’22

Dave McDaniel & Justin Neil

CEO: Walter Colsman

Flaire: Social Media platform that enables informed decisions from a network of trusted sources

Funded $65k Seed Round November 2020 and $260k in Q4 ’22

Founder: Julia Carter

CAV Angels Investments

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

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

Monetized 12/20

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

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

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

Navy Hill: Premium better-for -you line of cocktail mixers. Launching premium line of Ready-to-Drink tequila sodas.

$200k equity investment in Q2 ’22

Cofounders Jenny Lucas and Katie Williams

Brave Virtual Worlds: Wearable motion capture technology to help coaches and athletes evaluate performance.

Pre-seed investment $95K in Q2 ‘22

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

Growing the circular economy by enabling peer to peer returns in both the fashion and furniture industry.

Funded $70k in Q3 ’22

Cofounders Jess Owens and Ashley White

Pre-owned bookstore offering individual titles, books by the pound, or book bundles.

Pre-seed Equity Round, $105K

Founder: Devan Coombes

ESG marketplace connecting small businesses and consumers shopping with social impact values in mind.

Funded $70k in Q4’22

Co-Founders: Bri Hart and Ben Artuso