John Crane, a business unit of Smiths Group PLC, acquires Independence Equity portfolio company Advanced Diamond Technology. https://www.worldpumps.com/oil-gas/news/john-crane-acquires-adt-industrial-division/https://www.worldpumps.com/oil-gas/news/john-crane-acquires-adt-industrial-division/
04.26.2019 John Crane acquires Advanced Diamond Technology
11.30.2017 – IE Portfolio company NuCurrent Profiled in Crain’s Chicago Business
Jacob Babcock launched NuCurrent in 2009 to enable implanted medical devices to be recharged wirelessly. He and his staff of 17 full-time employees are still at it—among the company’s new products is a wearable device for diabetes treatment—but a bigger market beckons. NuCurrent is expanding to consumer products like mobile phones that can be charged without plugging them in. See link below for more details –
10.06.2016 – IE Portfolio company NuCurrent Appoints New VP of Engineering
NuCurrent, the world leader in wireless power solutions featuring thin, high quality (Q) factor, printed wireless power transfer antennas and integrated electronics, announces the appointment of Bob Giometti as vice president of engineering. With over 30 years of experience in engineering, including leading teams that delivered such products as the award-winning original Motorola RAZR, Giometti will be responsible for NuCurrent’s senior engineering and product leadership. See link below for more details –
09.20.2016 – IE Portfolio company Eatstreet named one of Madison’s top places to work
Madison Magazine has selected EatStreet as one of the city’s 25 best places to work as part of its annual survey released this month. See link below for details –
08.22.2016 – IE Portfolio company EatStreet already knows what college students will order this year
From crazy combos to critically important news that finally puts the ranch vs. bleu cheese debate to rest, EatStreet’s kicking off college with data science that really matters: Students’ back-to-school ordering habits. See link below for more details –
12.03.2015 – IE Portfolio Company EatStreet Raises $15mm Series C
IE portfolio company Eatstreet recently closed $15 million in a Series C financing round. The investment was co-led by 4490 Ventures and Lumia Capital, with participation from Independence Equity (IE), GCI Capital, MATH Venture Partners, and the State of Wisconsin Investment Board. Below is a link to the press release –
08.28.2015 – IE Portfolio Company EatStreet Featured on Forbes
See link below to article about EatStreet on Forbes.com.
11.12.14 – Hayward speaks and judges at Wisconsin Early Stage Symposium
Madison, WI — Nov 12, 2014 IE Partner Larry Hayward spoke and was part of a judging panel at the 2014 Wisconsin Early Stage Symposium.
As a judge, Larry evaluated pitches from 18 companies participating in the Elevator Pitch Olympics. Larry was also a speaker at the 2014 Wisconsin Early Stage Symposium Panel. The topic of the panel was – Pursuing Investors: What Angels and VCs Need to Hear.
For more information about the event, please use the following link – 2014 Wisconsin Early Stage Symposium
10.27.14 – IE Portfolio Company Intellihot wins First Prize at Illinois Clean Energy Fund Awards
Northbrook, IL (October 27, 2014) – Intellihot, an Independence Equity portfolio company was awarded the first prize, $400k, at the inaugural Illinois Clean Energy Fund Awards. Intellihot designs and manufactures efficient energy systems for commercial, residential and industrial environments including tankless water heaters for commercial applications and combi space + water heaters for residential applications. It earned the prize and the check after pitching its business plan to a team of judges, made up of energy industry representatives and investors. The Clean Energy Trust, a Chicago-based promoter of clean energy startups, and the Illinois Department of Commerce and Economic Opportunity (DCEO) sponsored the event. More details can be found at link below –
10.23.14 – Independence Equity Management Completes Investment in NuCurrent
Northbrook, IL (October 23, 2014) – Independence Equity I LP, an early-stage venture fund, completes an investment in Chicago-based NuCurrent. NuCurrent is a leading developer of high-efficiency antennas for wireless power applications for a broad range of applications.
According to IHS Technology, revenue from shipments of wireless power transmitters and receivers will expand to $8.5 billion in 2018, up from just $216 million in 2013. As the space continues to rapidly expand, electronic device OEMs and integrators continue to turn to NuCurrent to help build in efficient wireless power capabilities into accessories, smartphones, cars and the places people visit every day like the coffee shop and office. With NuCurrent’s technology, consumer products benefit from improved simultaneous charging of multiple devices with different power requirements, by simply placing them on the furniture, work surface, auto console, or walls without any cords. NuCurrent’s antennas make it possible for consumer electronics devices to charge with greater efficiency, increased distance, superior alignment flexibility, lower heating, and faster charge times.
NuCurrent is compliant across Wireless Power Consortium (Qi) and Power Matters Alliance (PMA) standards. NuCurrent resonators enable Gill Electronics Inc.’s newly-introduced TesLink™ Through Surface Transmitter, the first commercial product in support of the A4WP Rezence™ standard. NuCurrent’s high-efficiency antennas were also selected as the Wireless Power Consortium’s standard antenna for in-car charging (i.e. charging a mobile phone by placing it on the center armrest of a car). The Company has developed proprietary and patented technology in the design and manufacturing of wireless power antennas. It has now been awarded 16 U.S. Patents and an additional 18 patent applications have been filed.
“Wireless power is rapidly being engineered into a broader range of consumer and business products from hand-held electronics to furniture to medical devices, all of which will enhance our daily lives and empower business,” said Donald Sackman, Managing Partner, Independence Equity. “NuCurrent, with its proprietary and state-of-the-art capabilities in antenna design, will be a key enabler in the adoption process, and we are pleased that the Independence Equity Fund is able to partner the NuCurrent team in this endeavor.”
About Independence Equity: Independence Equity I, LP is an early-stage venture capital fund focused on technologies that improve resource utilization. These include technologies reduce input costs such as raw materials, energy and labor, improve yield in production processes, or decrease waste or scrap. The fund’s interests comprise sectors such as material science, industrial innovation, and clean technologies (“cleantech”).
Contact: Donald Sackman, 847.739.0100