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 –
12.03.2015 – IE Portfolio Company EatStreet Raises $15mm Series C
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
09.10.14 – Hayward to have investor office hours at Energy & Clean Technology Venture Forum
Houston, TX — Sep 10, 2014 IE Partner Larry Hayward will be participating at the Energy & Clean Technology Venture Forum on Thursday, September 11. As part of the program he will also be holding office hours on September 10 from 2:30pm to 5:00pm. All of the events are held at the Jones Graduate School of Business at Rice University at McNair Hall in Houston, Texas.
The Rice Alliance’s 12th Annual Energy and Clean Technology Venture Forum on September 11, 2014 is the largest energy and clean technology venture capital conference in the southwest.This event represents an opportunity to learn about the latest emerging technologies, meet investors to seek funding, see promising companies, learn about investment opportunities, meet individuals from the energy & clean technology industry, learn about promising companies seeking to expand their management team, as well networking and learning opportunities for entrepreneurs, researchers, investment professional and business executives. For more details on the event please follow the link. Rice University Energy & Clean Technology Venture Forum
09.08.14 – Hayward Appointed to Advisory Committee of Midwest Cleantech Open Innovation Summit
Minneapolis,MN — Sep 10, 2014 IE Partner Larry Hayward has been appointed to the advisory committee of the 2014 Midwest Innovation Summit. The 2014 Midwest Innovation Summit will take place on October 27-28, 2014, at the Depot Hotel in Minneapolis, Minnesota.
This annual conference, organized by Midwest Cleantech Open and partners, explores how the Midwest is capitalizing on these trends and providing market leadership, and offers insights into new industry developments and upcoming opportunities. Organized by Midwest Cleantech Open and it’s partners, this flagship event convenes professionals interested the segment of the Impact Economy focused scalable solutions that drive natural resource efficiency and/or reduce environmental impact. Summit attendees include:
- Financial and strategic investors and financial institutions
- Emerging businesses and large and small corporations
- Policymakers and sustainability professionals Industry trade organizations Academia
For more details on the event please follow the link. 2014 Midwest Innovation Summit
09.04.14 – Hayward to be Speaker at 2014 New England Venture Summit
Chicago, IL — Sep 4, 2014 IE Partner Larry Hayward will be speaking at the 2014 New England Venture Summit on December 9th 2014.
The 9th annual New England Venture Summit, presented by youngStartup Ventures, is the premier industry gathering connecting venture capitalists, corporate VCs, angel investors, technology transfer professionals, senior executives of early stage and emerging growth companies, university researchers, incubators and premier service providers. For more details on the event please follow the link. 2014 New England Venture Summit
04.28.14 Independence Equity Management Completes Investment in Algal Scientific Corporation
The fund completed an investment this week in Northville, Michigan based Algal Scientific Corporation. Here is link to the official press release
01.15.14 – Hayward nominated to Chairman of the Board of Cee6Cubed
Chicago, IL — Jan 15, 2014 — Laurence K. Hayward is appointed to Chairman of the Board of Cee6Cubed. Chicago-based Cee6Cubed designs and manufactures nano-composite materials and components. The company is commercializing the use of spark plasma sintering (SPS) to produce silicon carbide, tungsten carbide, silicon nitride and novel composite materials. Hayward’s fellow Board members include the company’s founders as well as representatives from Superior Graphite, which has provided graphite and carbon-based solutions to a wide range of markets since 1917. For more information see www.cee6cubed.com.