Slater Technology Fund
  • Slater Spotlight: Aquanis
  • Slater Leads $1-Million Seed Prime Round for Datarista 
  • Slater Closes on Second Round of Funding for MindImmune Therapeutics 
  • Slater Reinvests in IlluminOss as Company is Granted FDA Clearance  
  • Slater-Backed Squadlocker Completes $7-Million Series B Round 
  • Semma Therapeutics Raises $114 Million in Series B Financing 
  • eNow Launches First Zero-Emission Transport Refrigeration Unit 
  • Slater Brings EdTech Superstar Luyen Chou to Providence 
  • Thorne Sparkman Keynotes Cox "Get Started" Conference
  • Slater Sponsors NECEC CleanTech Open
  • Slater Named Most Active VC in Rhode Island 

Upcoming Events

"Win Over Investors" Workshop - Thursday, March 8, Tech Collective [register]

Impact Accelerator: Raising 
Funds - Tuesday, April 3, Social Enterprise Greenhouse

Green Business Forum -
Wednesday, April 4, Rhode Island College 

Harvard Club Panel on Entrepreneurship - TBD

Slater Sushi Networking Event -  April 26

Slater Sushi & B-Lab Networking Event - July 25

Spring Edition |  March 2018
How Aquanis smart blade technology creates more efficient wind turbines.
Slater Spotlight:  Aquanis
The wind turbines now dotting the landscape--and, in Rhode Island, the seascape--may seem enormous, but they need to get bigger in order to harness all the energy available from wind, especially offshore. The Department of Energy has estimated the potential energy supply from offshore wind to be more than double the electrical energy consumption of the entire United States, but this vision will require even more massive machines. GE recently announced a 12-megawatt machine, whose 107-meter blades will be larger than a football field--enormous machines, harnessing massive amounts of renewable wind energy. That is the dream of wind energy developers as well, and is one that local startup Aquanis is helping to make real. 

Aquanis is developing a proprietary smart blade technology that modifies air flow over wind turbine blades, enabling them to react to changes in the wind instantaneously to diminish unwanted aerodynamic forces, which is the limiting factor in making them bigger. Aquanis' technology has the potential to enable the production of ultra-large wind turbines, which could achieve the Department of Energy's goal of quadrupling domestic wind power generating capacity by the year 2020. 

Aquanis, which got its start with seed money from Slater and a $50,000 Innovation Grant from CommerceRI, recently landed a round of funding from the wind industry, led by UPC Capital Ventures , the venture capital division of the UPC Energy Group of Boulder, Colorado.  The UPC team has a successful track record in financing and developing large-scale wind projects, and was an early investor in and contributor to First Wind, a successful New England wind energy development firm subsequently acquired by Sun Edison

Slater Leads $1-Million Seed Prime Round for Datarista
Slater invested another $250,000 in Datarista, Inc., a cloud-based platform-as-a-service company serving data providers and CRM users, bringing its total investment in the company to $900,000. Slater led the $1-million seed prime round, and was joined by Boulevard Group and Marker Hill Capital, both of which were previous investors. Datarista has signed up multiple customers in recent months and was recently named "Top Company to Watch" by Outsell. 

Slater Closes on Second Round of Funding for MindImmune Therapeutics
Slater-backed MindImmune Therapeutics, Inc., a drug discovery venture targeting the immune system to treat diseases of the central nervous system, has raised additional seed financing that included $250,000 from Slater, bringing its aggregate investment in the company to $750,000. MindImmune also announced a research agreement with Pfizer that included an investment in MindImmune. The company was recently featured on the Fox News show Executive Suite

Slater Reinvests in IlluminOss as Company is Granted FDA Clearance  

Slater has committed an additional $243,000 of funding to IlluminOss Medical, a privately held, commercial-stage, orthopedic device company focused on minimally invasive fracture fixation, as part of a follow-on round led by existing investors Tekla Capital Management, Life Science Partners, SROne and Pappas Ventures. The latest funding bring Slater's total investment in the company to $973,000. IlluminOss recently received U.S. Food and Drug Administration (FDA) approval for its Bone Stabilization System for treatment of impending and actual pathological fractures of the humerus, radius and ulna from metastatic bone disease. The approval was obtained pursuant to the FDA de novo process and is the first such clearance granted by the FDA's orthopedic branch. 
Slater-Backed Squadlocker Completes $7-Million Series B Round 

Warwick-based  Squadlocker, an online provider of customizable athletic gear for youth sports, completed its Series B round of fundraising with a $7-million investment led by Causeway Media Partners. Slater was an early investor in the company, which now employs more than 80 at its Rhode Island headquarters. 
Semma Therapeutics Raises $114 Million in Series B Financing for Type 1 Diabetes Novel Cell Therapy
Semma Therapeutics Inc. has raised $114 million in a Series B financing aiming to advance its novel cell therapy for treating Type I diabetes into clinical development. Slater's investment in Semma comes by way of its initial backing of
R.I.-based CytoSolv Inc., which was acquired by Semma in 2015 for its expertise in encapsulated cell therapy (ECT) technology. Subsequent to the acquisition, Semma has commenced a significant expansion of the headcount and facilities of its Providence-based operations, intending to ramp up bio-manufacturing capabilities in support of clinical trials.   

eNow Launches First Zero-Emission Transport Refrigeration Unit 
eNow, a Warwick-based renewable energy company, has demonstrated the effectiveness of its solar energy-producing systems for transportation by powering the first zero-emissions commercial-use Transport Refrigeration Unit (TRU) on a truck making deliveries in an urban environment. The new zero-emissions TRU, called "Rayfrigeration," underwent five months of real-world testing in California's San Joaquin Valley, during which emission reductions of 98% nitrous oxide, 86% carbon dioxide and 97% particulate matter were achieved. The company also announced that Mesilla Valley Transportation recently purchased approximately 1,000 eNow solar auxiliary energy systems for its fleet of Navistar trucks.  
Slater Brings EdTech Superstar Luyen Chou to Providence 
More than 70 entrepreneurs, VCs and education innovators gathered to hear Pearson Publishing Chief Product Officer Luyen Chou speak about virtual learning and the death of the textbook. Slater and the Nelson Center for Entrepreneurship co-hosted the event, which took place in the atrium of South Street Landing in Providence's Jewelry District. Locke Lord was the event sponsor.

Thorne Sparkman Keynotes Cox "Get Started" Conference  
Slater Managing Director Thorne Sparkman was the keynote speaker at Cox Blue's "Get Started" conference, which supports local entrepreneurs. More than $50,000 was awarded to startups at the event. 
Slater Sponsors NECEC Cleantech Open

Slater believes in the power of cleantech entrepreneurship to attack some of the world's most important problems, and the value of networks of mentors to accelerate that entrepreneurship.To that end, Slater is fostering participation in NECEC's 2018 Cleantech Open, a business competition and accelerator program, by underwriting the application costs for Rhode Island companies that apply, and the participation fees for Rhode Island companies that successfully complete the accelerator program. 
Slater Named Most Active VC in Rhode Island