Remote Patient Monitoring (RPM) Set to Become New Standard of Care

WebCareHealth, a Serra Capital III SBIC portfolio company, is a leading remote patient monitoring (RPM) platform for heart failure and other chronic conditions. They have recently released a new survey highlighting the demand and value of RPM.

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Zerigo Health Raises $43 Million in Series B Funding

Zerigo Health, a Serra Capital III portfolio company, announced a $43 million Series B investment on October 21. This funding will drive adoption of the industry’s only connected light therapy solution which is used to treat chronic skin conditions.

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Potential of Artificial Intelligence Replacing Animal Testing in the Future with VerisimLife

Animal testing is considered to be one of the worst cruelties towards any animal in this world— over 100 million animals such as mice, frogs, dogs, rabbits, monkeys, cats, and many others are killed in animal experimentation.

However, Start-ups like Verisim Life have started utilizing the power of artificial intelligence and machine learning in biosimulation to replace animal testing in the nearby future. VeriSim Life is a Serra Capital III and Serra III SBIC portfolio company.

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College Athletes Could Earn $1.5 Billion This Year Per Endorsement Platform Opendorse

Opendorse, a Serra Capital III and Serra Capital III SBIC company, is now facilitating deals to allow college athletes to benefit from their name, image and likeness. On July 1, the NCAA began allowing college athletes this new opportunity. Within the first 24 hours, Opendorse had already facilitated 1,000 deals.

Opendorse’s main purpose is to connect marketers with athletes to secure sponsored social media activations from the world's most influential athletes. To learn more about Opendorse, follow here.

Tank Utility Acquired by Generac

Serra is very excited to announce the acquisition of Serra Capital III company, Tank Utility, by Generac.

Generac Holdings Inc., a global designer and manufacturer of energy technology solutions and other power products, announced Sept. 20 the signing of a purchase agreement to acquire the shares of Tank Utility, Inc., a provider of IoT propane tank monitoring that enables the optimization of propane fuel logistics. The deal further expands Generac’s connectivity functionality and services with sophisticated remote monitoring capabilities for propane.

“As an early minority investor in the company for the last five years, Generac has been impressed by the growth of the Tank Utility business,” said Kyle Raabe, executive vice president and president of Generac’s Consumer Power products. “Their solution has been able to help propane suppliers increase efficiency and reduce their emissions, and we believe that the Tank Utility monitoring platform can provide even further value to our dealers and peace of mind to our home standby generator owners.”

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Paystand Makes Inc. 5000 Fastest Growing Private Companies in America List

Paystand, a Serra Capital II and Serra Capital II Follow-On-Company has had an exception year, even in the midst of a global pandemic. Paystand, the blockchain-enabled payment network for business, recently announced another year of record-setting growth, with payment volume over its network accelerating past $2B.

Just this month, Paystand made the Inc. 5000 list for the second year in a row, which means they are continuously ranked among the nation’s fastest-growing companies. Paystand continues to make partnerships of note - this month they have collaborated with Sage on instant B2B payments. Sage is the market leader in cloud business management systems. 

To learn more about Paystand, click here.

Leo Cancer Care raises $25.3M through parent company Asto CT

The Leo Cancer Center, a Serra Capital portfolio company, announced it has raised over $25M in funding. The start-up company is under parent portfolio company, Asto CT. The Leo Cancer Center is a startup that is focused on bringing upright radiotherapy solutions to the masses.

Stephen Towe, CEO of Leo Cancer Care, says, “It’s really exciting to see such a great balance of institutional and industry investments, it shows that the industry really shares in our vision for driving change”.

The Leo Cancer Center is dedicated to a more humane way to deliver radiation therapy, which is built on research from across the globe showing the clinical benefits of upright patient positioning.

Reconstruct Secures $17.3 Million to Empower Remote Quality Control & Progress Monitoring for Construction and Real Estate

Reconstruct, the leader in AI-powered remote quality control and progress monitoring software, announces its $17.3 million Series B funding round, with participation from Serra Ventures.

Apple Watches for Cows: How @HerdDoggHome is bringing wearable technology to Wyoming’s cattle

industryhttps://www.jhnewsandguide.com/news/business/apple-watches-for-cows-how-one-startup-is-bringing-wearable-technology-to-wyoming-s-cattle/article_2b209d4e-81c6-5d5b-b8c4-44a6d1b346a3.html

Blooma raises $15 million in Series A investment round

Blooma, an AI-powered digital underwriting platform for commercial real estate (CRE), announced it has raised $15M in Series A investment funding.

“When we founded Blooma, we brought together some of the most talented technologists and lenders in the industry to create a solution that doesn’t just automate the lending process but makes it smarter and more enjoyable. Blooma is a tool initially built for CRE lenders by CRE lenders – that’s part of our secret sauce,” Blooma CEO Shayne Skaff said.

Blooma is a Serra Capital III SBIC company. Follow the whole article here.

Label Insight Acquired by NeilsenIQ

Serra Ventures is pleased to announce the acquisition of Label Insight, a Serra Capital II and Serra Capital II Follow-on Fund company, by Nielsen IQ. The combination of Label Insight and NielsenIQ will create the most comprehensive and robust data provider within the $175B health and wellness space. Label Insight’s platform includes unique attributes of 540,000 UPCs from over 30,000 brands that cover over 99% of all consumer queries across over 80 percent of U.S. food, pet, and personal care products with a market-leading database of 200,000+ product nutrients, 400,000 product ingredients and 9 million product claims. With this coverage, Label Insight will enable NielsenIQ to address the shift towards buying food online and the need for more specific online searches based on attributes of the products.

SWARM Engineering Raises $2.7 Million in Seed Funding Led by S2G Ventures and Serra Ventures

SWARM Engineering , a Serra Capital III SBIC and Serra Capital Ag Tech Fund company, announced that is has closed funding for a $2.7M seed round. The round was led by Serra Ventures.

SWARM is a Software-as-a-Service platform that uses a next generation cognitive computing system designed to tackle issues in the food supply chain and logistics such as load planning, inbound sourcing, demand/supply planning, maximizing yield, and pricing optimization.

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Daasity announces Multi-Million DOLLAR SEED Fundraise

Daasity, a Serra Capital III SBIC portfolio company, announced the completion of their $3.4M seed round. Serra Ventures was a participant in the round.

Daasity has developed proprietary platforms using cloud-based technology to seamlessly integrate clients’ data into an integrated Big Data platform. Daasity delivers all of the functionality and power of standard Big Data solutions without the costly investments in hardware and software licenses.

Full article here.

Evisort Announces $35M Series B Round

Evisort, a Serra Capital III and Serra Capital III SBIC portfolio company, announced that it has raised $35M in Series B funding. With Evisort, contracts become actionable instantly. Using AI algorithms, contract analysis and data extraction become more efficient and effective.

In other recent news with Evisort, the company secured a partnership with Microsoft, and also was awarded a spot on “25 Fastest Growing Companies” by Growjo Silicon Valley.

Network Perception Announces $2.73 Million in Seed Round Funding

Network Perception, one of Serra Capital III SBIC’s latest investments, has announced that it has raised $2.73 million in Seed Round Funding. The round was lead by Serra.

Network Perception is the market leading software solution for cyber- compliance and network security in the electrical utility industry. This new funding will enable Network Perception to scale its activity in the electric utility sector and beyond in order to meet the demand for critical infrastructure industries throughout the U.S. and overseas.

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GoSite Raises $40M to Help Small Businesses Transition to E-Commerce

GoSite, a Serra Capital III and Serra Capital III SBIC company, has been an essential tool for many small businesses, especially during the Covid era. GoSite makes software that helps small businesses transition to e-commerce. The company’s customer base has doubled this year as the pandemic has demanded an online presence for small businesses. The startup has raised a $40M in a second round of venture capital, including participation from Serra Ventures.

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Consortiex and Pharma LogisticS launch Strategic Collaboration Program

Consortiex, the Serra Capital III portfolio company, has recently partnered with Pharma Logistics in order to improve inventory efficiency, reduce costs, improve safety and manage cash flow for their customers.

ConsortiEX is a health care pharmacy IT company providing software and services to manage the ordering, production, distribution, and tracking of pharmaceuticals… from Pedigree to Patient®. Pharma Logistics is the trusted, proven industry leader in reverse pharmaceutical distribution services.

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BACKSTITCH A 2020 COMPANY TO WATCH

Backstitch, a Serra Capital III SBIC company, was selected as one of 10 companies in 2020 to watch by Startland News in Kansas City. Backstitch has created a marketing automation platform that drastically improves employee engagement.

The company says they hope to not only tackle their technology goals this coming year, but shift the conversation to company culture and communication as well. “What separates us in the market is our investment in customer success. It is not just, ‘Here’s technology, go run with it.’ Its, ‘Here is technology and we are going to strategically work with you on how to implement it,’” explained CEO Jordan Warzecha. 

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Serra Invests In Helia Care

Helia Care, a company dedicated to providing healthcare procurement solutions that build and strengthen supplier/health system connections has raised over $1M in a convertible note round including significant participation from Serra Ventures. The funding will position the company to achieve important milestones in advance of its Series A raise later this year. The company’s product offering, Helia Connect™, provides a simple, efficient, sustainable and scalable platform to address the current unfulfilled needs in today’s medical implant and supply procurement environment.

Tim Hoerr, CEO and Managing Partner of Serra Ventures remarked, “Helia Care has developed a software solution with a remarkable and tangible value proposition that results in significant benefits for everyone in the medical implant supply chain. Grant Siders’ experience in the industry is notable, and the team’s accomplishments to date are impressive. We’re grateful for the opportunity to partner with the Helia team in bringing this solution to the healthcare marketplace.”

Grant Siders, CEO of Helia Care said, “We’re honored to have received participation from Serra Ventures, a forward-thinking firm that truly understands the value of a product-market fit. We look forward to working together on easy, simple and connected solutions that modernize collaboration for healthcare facilities and suppliers.”

Learn more about Helia Care.

ALBERT.IO FEATURED IN CHICAGO TRIBUNE

Albert.io, a Serra Capital II portfolio, was recently featured in the Chicago Tribune on October 10. Albert has won over students and teachers alike through their personalized, interactive study guides that give real time feedback. It is a true study platform for high level math and science courses. Their aim is to provide helpful study guides not just for the ambitious high school student, but for future engineers, physicists, and mathematicians.  

The piece featured Albert's Science Content Manager Athena Tellis on her experiences working at the company and as a start-up employee. A former teacher, Tellis began working for Albert with the desire to wow kids with science. 

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