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NuFund Venture Group2024-07-22 09:52:362024-07-23 09:16:55NuFund's 2023 Annual Fund Report: Strategic Investments and High-Impact Exits Highlight Success
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NuFund Venture Group2024-07-18 08:40:312024-07-18 08:40:31NuFund Backs Ecodrive to Transform Everyday Transactions into Environmental Impact
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NuFund Venture Group2024-07-15 07:51:552024-07-15 07:51:55NuFund Venture Group Highlights Eyegenex's Innovative Breakthroughs in Ophthalmic Care
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NuFund Venture Group2024-06-14 15:26:472024-06-14 15:26:47NuFund Venture Group Portfolio Company Cooler Heads Achieves Significant Milestones in Cancer Patient Care with Innovative Technology
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NuFund Venture Group2024-05-13 17:25:322024-05-13 17:25:32NuFund Venture Group Invests in CorralData to Make AI-Powered Reporting Effortless
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NuFund Venture Group2024-05-06 06:06:152024-05-06 06:06:15Nufund Hits Investment Milestone with 100th Startup, Eyes Future Growth
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NuFund Venture Group2024-04-13 06:50:282024-04-13 06:52:28NuFund Venture Group Invests in Papillon Therapeutics to Advance Multi-Systemic Genetic Medicines
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NuFund Venture Group2024-04-01 05:30:202024-04-01 06:14:29NuFund Partners with TechCon SoCal 2024 to Foster Innovation and Empower Future Entrepreneurs
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NuFund Venture Group2024-03-03 00:00:042024-03-03 19:49:24NuFund Venture Group Fuels Innovation in Healthcare with Strategic Investment in AI- Driven Drug Discovery Pioneer, Ordaōs
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NuFund Venture Group2024-02-19 14:50:072024-02-19 14:55:08NuFund Venture Group Fuels Innovation in Sports Analytics with Strategic Investment in ALT Sports Data
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NuFund’s 2023 Annual Fund Report: Strategic Investments and High-Impact Exits Highlight Success
NewsJuly 23, 2024 – San Diego, CA NuFund Venture Group, a new wave of angel investors with a venture fund model investing in technology leaders proudly announces the successful full deployment of its 2023 Annual Fund, showcasing its unique fusion of angel investing and venture capital.![](https://nufund.com/wp-content/uploads/2024/07/Nufund-Annual-Report-1030x1030.png)
NuFund Venture Group stands out in the early-stage investment landscape with its innovative “Venture Group” fund model, which combines the strengths of both angel investing and venture capital. Born from the realization that early-stage startups needed more guidance and support, NuFund leverages the collective expertise of experienced investors to bridge this gap, fostering innovation and driving growth. This model allows investor members to raise and deploy a collective Annual Fund, while still having the flexibility to add their own investments, thus harnessing the best of both angel and VC worlds. With 350 investor members, NuFund provides the flexibility and engagement typical of angel investing alongside professional due diligence, large checks and strategic guidance akin to venture capital.
“NuFund has been an incredible partner,” said Kate Dilligan, CEO of Cooler Heads, a portfolio company. “Their support extends beyond financial backing to hands-on assistance from their team, which has been invaluable as we enter new phases of growth. Their excellent reputation has also helped attract other investors. As a San Diego-based company, we are proud to have them on our cap table.”
NuFund’s distinctive model has proven highly effective, with notable successes in 2023, positioning it at the forefront of early-stage investment. The group’s dedication to fostering emerging technology leaders has resulted in impressive performance metrics and significant impact on the entrepreneurial ecosystem.
Key Highlights of NuFund’s 2023 Annual Fund Report:
Robust Investment Strategy: The NuFund 23 Annual Fund invested $5.6 million across 17 companies over 13 months. This diversified portfolio spans verticals such as AI, pharma, medical devices, cleantech, healthtech, and B2B SaaS
Life Sciences Focus: 82% of investments were directed towards life sciences and healthtech companies, reflecting a strong thematic focus compared to the previous year’s 63%. Notable investments include startups in medical devices, therapeutics, diagnostics, and healthcare IT.
Early-Stage Investments: The fund showed a strong skew towards earlier-stage deals, with 59% of investments in pre-Seed to Seed rounds, compared to 31% in the NuFund 22. This focus supports the growth of nascent technologies and innovative solutions|
Follow-On Investments: NuFund 23 made follow-on investments in 35% of its portfolio companies from previous funds, demonstrating strong ongoing support and confidence in the growth potential of these businesses.
Geographic Distribution: Nearly half of the investments (47%) were in San Diego-based startups, with additional investments spread across California and other regions, promoting regional economic development in one of the most robust and fastest rising startup economics in the country.
“At NuFund, we leverage the deep expertise and strong networks of our members to drive impactful investments in early-stage startups. Our model not only allows for meaningful engagement and support but also ensures that we can make faster, smarter investment decisions,” said Heather Slotnick, Board Member at NuFund Venture Group. “We are also committed to increasing diversity, both within our investor members and our portfolio companies, by actively supporting female founders and underrepresented groups.” she continued.
100th Investment Milestone:
NuFund recently celebrated a significant milestone, achieving its 100th investment across the first six Annual Funds. This milestone underscores NuFund’s commitment to supporting innovative startups and driving economic growth. “Reaching our 100th fund investment is the result of the hard work of our members and the faith in both our members and company founders who realized that there was a better way to quickly fund the strongest early stage companies. We are very excited about both the quality and diversity of our 17 portfolio companies in NuFund ,” said Dean Rosenberg, Co-Fund Manager of NuFund Venture Group.
Notable Exits:
NuFund Venture Group has achieved significant successes with several notable exits already realized within its Annual Funds, underscoring the effectiveness of its investment strategy. Among these, DTx Pharma was acquired by Novartis for $1 billion in 2023, marking a major milestone for the portfolio. Other significant exits include Habitu8, a Hollywood-style cybersecurity training startup acquired by Arctic Wolf to enhance its cybersecurity education and training offerings; and Paradigm Diagnostics, a precision medicine company specializing in comprehensive cancer testing, acquired by Exact Sciences to improve personalized treatment approaches. These exits highlight NuFund’s ability to identify and nurture high-potential startups, delivering highly competitive returns for investors and driving forward innovation in key industries.
About NuFund Venture Group
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. Our mission is to be the BEST place for the BEST entrepreneurs to raise venture funding. For more information, please visit http://www.nufund.com
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NuFund Backs Ecodrive to Transform Everyday Transactions into Environmental Impact
NewsJuly 19, 2024 – NuFund Venture Group is thrilled to announce its recent investment in Ecodrive, a groundbreaking B2B software platform dedicated to integrating measurable environmental impact into everyday business transactions. This strategic funding aims to bolster Ecodrive’s mission of combating greenwashing and enhancing transparency and efficiency in sustainability initiatives.![](https://nufund.com/wp-content/uploads/2024/07/Ecodrive-1030x1030.png)
Ecodrive addresses critical issues in the sustainability sector, particularly the lack of project verification and transparency, which often lead to false claims and substantial legal risks for businesses. By introducing their innovative Impact-as-a-Service platform, Ecodrive enables companies to tie tangible environmental actions to every transaction. For instance, for every customer review or online order, Ecodrive ensures a measurable positive environmental impact, such as planting trees or removing plastic from oceans.
Ecodrive’s market opportunity includes an addressable market of 12-24 million online stores, which continues to grow daily. “Our platform not only helps businesses contribute to climate action but also enhances their operational efficiency and customer engagement. We believe in making every transaction count, and with NuFund’s investment, we can amplify our efforts to drive measurable environmental impact on a global scale that is not only good for the planet, but also good for business,” said Trevor Laudate, Co-Founder of Ecodrive.
Ecodrive offers an Impact Portal and Marketing Automations, an all-in-one platform for managing sustainability efforts and boosting ROI through real-time environmental reporting and marketing assets. The Verified Project Marketplace ensures all environmental projects are verified on the ground, with precise tracking of timestamps and coordinates to ensure actual impact. Their proprietary IMPACT ID Software tracks and communicates the environmental impact of each transaction to end customers, enhancing trust and engagement.
Since its inception, Ecodrive has been dedicated to delivering transparency and verifiable results, enabling brands to effectively communicate their sustainability efforts, increase conversion rates, enhance customer experience, and attract new customers. Their platform is currently trusted by over 500 businesses across various industries
NuFund Venture Group’s investment will accelerate Ecodrive’s growth and expansion, allowing the company to enhance its technology, scale its operations, and reach a broader market. Ecodrive’s platform has led to a 17% average increase in cart conversions for their clients.
Benton Moore, Deal Lead and NuFund Member, added: “We are excited to support Ecodrive in their mission to drive measurable environmental impact through everyday business activities. Their innovative platform addresses critical gaps in transparency and verification, making it easier for businesses to adopt and promote sustainable practices. We believe Ecodrive has the potential to set a new standard in the industry and make a significant positive difference.”
With the backing of NuFund Venture Group, Ecodrive is poised to revolutionize the integration of climate action into commerce, providing businesses with the tools they need to make a genuine impact while simultaneously boosting their bottom line. The collaboration aims to set a new standard for sustainability in the business world, fostering a future where every transaction contributes to the fight against the climate crisis.
About Ecodrive
Ecodrive is a B2B software platform that ties measurable impact to everyday transactions in commerce. For more information, please visit http://www.ecodrive.community
About NuFund Venture Group
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit http://www.nufund.com
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NuFund Venture Group Highlights Eyegenex’s Innovative Breakthroughs in Ophthalmic Care
NewsJuly 15, 2024- San Diego, CA – NuFund Venture Group (NuFund) is proud to highlight the remarkable success of Eyegenex, a pioneering company in its portfolio.
Founded by NuFund members Dr. Prasad Sunkara and Steve Gormican, Eyegenex is dedicated to developing innovative solutions for a range of eye conditions, and is pioneering drugs for glaucoma and diabetic retinopathy (DR) to prevent blindness. The patents relating to the above therapeutics were licensed by Eyegenex from Prof. Ram Nagaraj’s laboratory at University of Colorado Anschutz Medical Campus at University of Colorado Denver. Glaucoma is the leading cause of blindness and is often related to high intraocular pressure (IOP).There is no existing treatment for this disease except for lowering IOP as a prevention by eye drops and surgery. However, 10-15% of patients experience progressive visual loss despite lowering of optimal IOP.
Eyegenex unveiled its Vision Restoration Platform, designed to address a spectrum of vision impairments by targeting and repairing damaged retinal cells. This groundbreaking platform integrates advanced gene and peptide therapeutics offering new hope to patients suffering from previously untreatable conditions. These therapeutics have shown significant protection of visual loss in rodent models of glaucoma. Preliminary studies in Non-human primate studies suggest a significant expression of the gene throughout the retina upon intravitreal injection of the gene. Further NHP studies are ongoing.
Based on these promising studies, Eyegenex is conducting IND enabling studies to initiate phase 1/2 human trials in Australia and US in 2025 aiming to validate the safety and efficacy of its innovative treatments.
Diabetic Retinopathy (DR) is caused by damage to blood vessels in the retina of diabetic patients, leading to vision loss. Eyegenex’s DR therapeutics are in the early stages of preclinical studies.
“We are thrilled to see the progress and impact Eyegenex is making in the field of ophthalmology. Our mission has always been to bring hope and solutions to patients suffering from vision impairments, and the recent developments have brought us one step closer to that goal,” said Dr. Prasad Sunkara, co-founder and CEO of Eyegenex and past Chairman of Life Sciences at NuFund.
A significant milestone for Eyegenex is the completion of successful clinical trials for its flagship treatment targeting glaucoma. To further support its growing portfolio of treatments, Eyegenex has expanded its research and development collaboration with Prof. Ram Nagaraj (inventor of the technology) and his colleagues at University of Colorado, Denver and several contract research organizations (CRO). “Our collaboration with top academic institutions and strategic partners has been instrumental in our success. We are excited about the future and the potential of our innovative therapies to transform vision health worldwide,” added Steve Gormican, co-founder of Eyegenex and NuFund member.
A recent paper published in Nature Magazine highlights Eyegenex’s pioneering work and unique mechanism of action in developing novel therapies for eye conditions, particularly glaucoma. The study emphasizes the potential of Eyegenex’s peptide therapy in treating retinal diseases and underscores the significance of their innovative approach.
Dr. Prasad Sunkara, reflecting on the journey, noted, “Being both a NuFund member and a founder who received investment from NuFund creates a unique full-circle moment. It’s a testament to the supportive and forward-thinking environment that NuFund fosters for its members and portfolio companies alike.”
About EyeGenex
Eyegenex is a leading biotechnology company focused on developing innovative treatments for a range of eye conditions. Utilizing advanced gene and peptide therapy, Eyegenex aims to restore vision and enhance the lives of patients worldwide. For more information, visit https://eyegenex.com
About NuFund Venture Group
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit http://www.nufund.com
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NuFund Venture Group Portfolio Company Cooler Heads Achieves Significant Milestones in Cancer Patient Care with Innovative Technology
NewsNuFund Venture Group Invests in CorralData to Make AI-Powered Reporting Effortless
NewsSan Diego, CA – May 14, 2024 – NuFund Venture Group is thrilled to announce its investment in CorralData, a full-service, AI-powered analytics platform that radically simplifies centralizing and analyzing data across multiple sources.
NuFund’s investment in CorralData is part of the company’s latest funding round aimed at accelerating the development and deployment of its customer-first data platform. CorralData’s platform offers businesses comprehensive tools to easily manage, analyze, and act on disparate data, addressing critical needs in today’s data-driven landscape.
“We are thrilled to partner with CorralData and support their vision of transforming data management,” said Bryan Barnard, who spearheaded the transaction as the Deal Lead. “CorralData’s innovative platform addresses a critical need in the market, and we believe their solutions will set new standards in the industry.”
According to the New Vantage Partners 2023 State of AI in Digital Marketing Report, 90% of marketers plan to increase their investment in AI next year, reflecting the growing importance of AI in driving business growth and efficiency. Additionally, 86% of marketers will have dedicated budgets for AI tools in 2024, showcasing the strategic priority placed on AI integration. Despite concerns about job displacement, a majority of marketers believe AI will have a positive impact on their careers, emphasizing the need for AI literacy to remain competitive in the job market.
As the world continues to embrace AI technology, CorralData ensures its customers stay ahead of the curve. Customers are now leveraging the platform’s Ask Corral functionality to turn data into actionable insights via plain English. This not only democratizes data but also ensures its security by never exposing customer data to commercial LLMs. By pairing out of the box reporting, ease of chatting with your data in plain English with support for over 500 integrations, CorralData empowers entire organizations to harness the power of AI and data analytics regardless of their technical capabilities.
Alex Lirtsman, Founder and CEO of CorralData, commented, “With NuFund’s investment and support, we are poised to further scale our platform, while doubling down on the effortless setup and powerful capabilities that have made us a game changer for organizations looking to easily drive insights from all of their disparate data sources.”
About NuFund Venture Group
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit http://www.nufund.com
About CorralData
CorralData is a leading AI platform that enables organizations to access valuable insights and reporting from all their company data with ease. Designed to democratize data and empower users of all skill levels, CorralData offers a radically simple interface with natural language query functionality, making data analysis accessible to everyone. With more than 500 pre-built integrations and AI-powered support for custom data sources, CorralData is committed to helping businesses make data-driven decisions and stay focused on the metrics that matter. For more information, visit https://corraldata.com/
Nufund Hits Investment Milestone with 100th Startup, Eyes Future Growth
NewsMay 6th, 2024. San Diego, CA — NuFund Venture Group, a leader among angel investors and the innovative force behind a unique fund model targeting emerging technology leaders, today celebrates the closure of its landmark 100th investment deal. This milestone not only marks a significant achievement in the firm’s history but also underscores its continued commitment to nurturing high-potential startups across various sectors.
Originally known as Tech Coast Angels – San Diego, NuFund has been a prominent force in the venture capital scene for over 20 years, consistently delivering on its mission to drive economic growth and foster innovation. The firm rebranded to NuFund in 2022 to better reflect its national reach and pioneering fund-first approach, emphasizing its role as one of the largest, most active, and successful early-stage investor groups in the United States.
“Hitting our 100th company investment through our Annual Fund model is an exciting milestone,” said Dean Rosenberg, Co-Fund Manager at NuFund. “We started our Annual Funds 6 years ago with the intent of driving a faster process for founders and higher ROI for our investor members. We are making strong progress on all of those metrics.” In fact, NuFund’s first Annual Fund, launched in Q4 2018, has already paid back the original capital in full (1x DPI), making it a top-performing venture fund in its vintage year.
NuFund boasts 350 active accredited investors from diverse backgrounds and regions nationwide. “In addition to the more than $60M that has been invested since our Annual Fund launched in 2018, NuFund’s greatest strength is our vast and deep bench of subject matter expert (SME) members who not only help us identify the best deals but also help the founders we invest in to succeed on the entrepreneurial journey,” added Ashok Kamal, Co-Fund Manager and Executive Director at NuFund.
“Our 100th deal represents more than just a number; it is a testament to the power of the Annual Fund model, where active involvement from experienced investors meets the agility and speed of venture capital ” stated Serhat Pala, President of NuFund. “As the early-stage funding world continues to transform with shifting market dynamics, NuFund’s model answers the growing needs of the startup ecosystem.”
As NuFund celebrates this significant achievement, the firm also looks forward to the future. Plans are underway to expand its portfolio with a heightened focus on AI transformation across different industries, sustainability, and technological innovation in lifesciences, aiming to spearhead new investments that tackle pressing global challenges and opportunities to solve them.
About NuFund Venture Group
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. Formerly known as Tech Coast Angels – San Diego, the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders.
NuFund Venture Group Invests in Papillon Therapeutics to Advance Multi-Systemic Genetic Medicines
NewsA UC San Diego spin-out, Papillon is advancing a pipeline of innovative treatments for life threatening conditions including Friedreich’s ataxia and Alzheimer’s disease. The company’s platform technology builds upon discoveries published by scientific co-founder, Stephanie Cherqui, Ph.D., demonstrating the therapeutic potential of gene modified hematopoietic stem and progenitor cells to durably restore function of diseased tissues throughout the body. This approach has already shown positive results in a completed Phase 1/2 clinical trial led by Dr. Cherqui.
“Our decision to invest in Papillon stems from our belief in their mission and the potential of their technology to make a significant impact on patients’ lives,” said Meredith Fidler, Ph.D., who will join the Board of Directors at Papillon. “We are thrilled to be part of this journey and to contribute to the advancement of genetic medicines.”
“NuFund has established an exciting portfolio of promising and successful biotechnology companies,” said Carter Cliff, Chief Executive Officer at Papillon. “We are grateful that they recognize the potential of our approach to develop powerful new medicines for patients who suffer from devastating diseases.”
Serhat Pala, President at NuFund Venture Group, expressed his enthusiasm for NuFund’s latest investment. “Papillon Therapeutics embodies the type of innovation and drive we look for in our investments. Their work has the potential to change the face of genetic medicines and bring hope to patients around the world,” said Pala.
About NuFund Venture Group
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit http://www.nufund.com
About Papillon Therapeutics
Papillon Therapeutics is a clinical stage biotechnology company focused on advancing multi-systemic genetic medicines. Founded by world-class leaders in cell and gene therapy, Papillon is developing a robust pipeline of potentially curative treatments for diseases with neurologic, cardiac, and other tissue pathologies. Papillon’s unique multi-systemic approach enables therapeutic protein to be delivered throughout the body and utilizes commercially proven approaches for product administration and manufacturing. For more information, please visit: https://www.papillon-tx.com/
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NuFund Partners with TechCon SoCal 2024 to Foster Innovation and Empower Future Entrepreneurs
NewsApril 1, 2024 , San Diego, CA – NuFund proudly announces its participation in TechCon SoCal 2024, the premier technology conference set to redefine the boundaries of innovation, investment, and inspiration. This pivotal event, scheduled for Friday, May 24th, 2024, invites technology enthusiasts, industry leaders, and visionary thinkers to embark on a journey that promises to shape the future of our world.
As we stand on the brink of the next technological revolution, TechCon SoCal 2024 serves as a beacon for those eager to explore the latest advancements and trends that are poised to drive exponential growth over the coming decade.
“We are on the cusp of a technological revolution that will fundamentally alter how we live, work, and communicate. TechCon SoCal 2024 is the perfect platform to explore these future frontiers,” said Serhat Pala], President of NuFund.
Event Highlights Include:
“We are absolutely thrilled to partner with NuFund for TechCon SoCal 2024. NuFund members represent a vital and dynamic part of the tech ecosystem, bringing with them innovative ideas, boundless energy, and a spirit of collaboration that is essential for driving forward the advancements we aim to showcase,” said Faisal Mushtaq Founder & President of TechCon Socal
TechCon SoCal 2024 is more than just a conference; it’s a confluence of ideas, creativity, and potential that promises to ignite the next wave of technological evolution.
About NuFund Venture Group:
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit http://www.nufund.com
About TechCon Socal
TechCon SoCal, set for May 24th, 2024, in San Diego, stands as the premier conference for thought leadership and innovation, attracting top industry executives, innovators, and technologists for a full day of insight and networking. Beyond offering financial support, TechCon SoCal’s mission is to fuel the next wave of entrepreneurs through collaborative efforts to foster a future rich in innovation and opportunity. By providing mentorship, resources, and unparalleled networking opportunities, we support aspiring entrepreneurs in achieving their dreams. Moreover, our commitment to advocacy and collaboration aims to shape policies and build an ecosystem that champions innovation, encourages risk-taking, and ensures inclusive growth, engaging with policymakers and industry leaders to drive positive change across society. https://techconsocal.com/
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NuFund Venture Group Fuels Innovation in Healthcare with Strategic Investment in AI- Driven Drug Discovery Pioneer, Ordaōs
NewsMarch 5th, 2024 , San Diego, CA – NuFund Venture Group, a trailblazer in the angel investment community, is thrilled to announce its latest strategic investment in Ordaōs, a human-enabled, machine-driven drug design company that creates novel and customized mini-proteins. This investment is part of Ordaōs’ recent completion of a $5M seed financing round, aimed at rapidly designing new drug candidates across therapeutic areas, particularly for difficult-to-treat diseases.
Ordaōs, a New York-based seed stage startup, is transforming the biotechnology industry with its proprietary Design Engine that leverages multitask meta-learning to create novel mini-proteins from scratch. Mini-proteins are a new class of proteins that have the potential to revolutionize biologics in medicine. Mini-proteins have several potential advantages over larger alternatives, including better penetrability, stability, solubility, and lower costs.
With this investment, NuFund Venture Group continues to demonstrate its commitment to a founder-fair, mentorship-driven approach, offering more than just financial support to its portfolio companies.
Lorenzo Berti, Deal Lead at NuFund Venture Group, shared his enthusiasm for the partnership: “The field of AI in drug discovery is ripe for disruption. Ordaōs’ AI engine is a testament to innovation, blending predictive AI with traditional training set mining and a self-learning module to enhance predictive accuracy. Their in vitro success demonstrates a promising future for faster, more effective drug discovery. This investment reflects our confidence in Ordaōs’ potential to redefine the industry.”
Ordaōs CEO, David Longo, expressed optimism about the collaboration: “At Ordaōs, we’re not just discovering drugs; we’re designing them. With discovery, we are limited by what we can see and what already exists. With design, we are limited only by our imagination, opening up a world of unique possibilities. With NuFund Venture Group’s support, we’re poised to lead this transformation, delivering on our mission to design drugs that reduce suffering and save lives.”
“Since the launch of OpenAI’s ChatGPT in November 2022, AI—and particularly Generative AI—has revolutionized the landscape, heralding a new era of innovation across all sectors worldwide. Among these, healthcare stands out as the most transformative, with its vast potential for impact,” remarked Pankaj Kedia, a distinguished figure in the AI community, serving as NuFund AI Chair & Board Member and 2468 Ventures Founding Managing Partner.
“At NuFund Venture Group, we’re leading the charge in nurturing next-gen technologies and startups poised to revolutionize the healthcare industry. Through our NuFund AI Demo Days, we’ve scouted for trailblazing startups and founders, identifying Oradaos as a particularly promising enterprise among the multitude of participants. We’re truly impressed with Oradaos’ commitment to utilizing AI for enhancing drug discovery processes and are thrilled to support their endeavors. Congratulations to Ordaōs on their achievements thus far; we eagerly anticipate their future successes as they expand in this era of AI.” he continued.
NuFund Venture Group’s investment in Ordaōs underscores a shared commitment to leveraging AI for meaningful advancements in healthcare. As Ordaōs continues to develop its AI platform and expand its partnerships, this collaboration marks a significant step forward in the journey towards more efficient, effective, and personalized drug discovery.
About NuFund Venture Group:
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit www.nufund.com.
About Ordaōs:
Ordaōs is a human-enabled, machine-driven drug design company with the sole mission of leveraging advanced technologies to efficiently and effectively design novel life-changing therapies for patients in need. Our flagship solution, miniPRO™ mini-proteins, enable drug hunters to deliver safer and more effective treatments in a fraction of the time of traditional discovery methods. For additional information, please visit www.ordaos.bio.
NuFund Venture Group Fuels Innovation in Sports Analytics with Strategic Investment in ALT Sports Data
News