Lumenari, the leader in narrow-bandwidth LED phosphors for LCD display backlighting applications, today announces it has closed a $3 million Series A funding led by TJ Rodgers, Jeremy Blank, Revolution’s “Rise of the Rest” Seed Fund and Hanover Partners. The company will use the capital to complete an advanced lab-scale manufacturing line for its leading edge technology Emerald™, establish testing partnerships with packaged LED suppliers and pass initial qualification testing. Through this expansion, Lumenari expects to demonstrate market acceptance and revenue growth.
Portfolio News: MxHero Creates HIPAA Compliant Email with Box CCM
Portfolio News: This Startup Is Using AI to Help Nonprofits Raise More Money
Nonprofit organizations live on fundraising. Spreadsheets and CRM systems have helped fundraisers track, sort, and reach out to potential donors. But fundraising is a high-touch, people-intensive activity.
Donor outreach may start out with mass mailings and email blasts, but effectively engaging with the biggest and most frequent donors usually requires a high degree of customization and personalization. For resource-constrained non-profit organizations, then, one of the biggest barriers to reaching out to more high-potential donors--and more frequently--is the need to tailor outreach.
This is one lesson Adam Martel learned firsthand as a fundraiser for Babson College, widely considered one of the world's leading institutions for the study of entrepreneurship. Martel's quest to solve this issue for himself and his team eventually became the kernel of an idea for an entirely new business he founded while studying for his MBA, which he pursued part-time while he helped Babson build its endowment.
Gravyty Technologies, which he co-founded in 2016 with Babson classmate Rich Palmer, draws on the power of AI to make data-backed predictions about the giving potential of donors and even help automatically write first drafts of personalized outreach emails.
Portfolio News: VC Firm Moderne Ventures Welcomes Shyft, A Silicon Valley Logistics Platform Company, to its Summer Cohort Passport Program
Company formerly known as Crater rebrands to Shyft - Launches new moving platform for relocation management and Fortune 500 companies to power corporate relocation for the global mobility workforce.
As the leader in technology and logistics enablement for the moving and relocation industry, Crater announces newly rebranded company: Shyft. The rebrand reflects the company's commitment to developing a powerful state-of-the-art technology CRM platform for relocation management and moving companies. The new name, logo and website comes at a pivotal time for the company, which was the first to market with their virtual inventory estimation technology used by over 300 of the largest moving companies worldwide over the last three years. 2018 includes strong revenue growth, expansions in their San Francisco and Belgrade operations, new leadership and board member plus a new product launch built for relocation management and Fortune 500 companies to power corporate relocation for the global mobility workforce.
Portfolio News: Introducing Gravyty Stewardship, The First-Ever AI Solution for Giving Thanks and Cultivating Donors
Gravyty, the industry's leading provider of AI-enabled fundraising software, today announced the launch of Gravyty Stewardship. Gravyty Stewardship is the social good industry's first AI product developed to help frontline fundraisers thank donors today, and cultivate them for future giving. The solution is now available through Gravyty's complete suite of AI-enabled products.