Access to capital is pivotal to the growth of emerging New Jersey innovation-focused companies. Garden State businesses continue to attract the capital they need to grow. Below is a summary roundup by month of the many of the companies that have received investments, as well as a roundup by month of many mergers and acquisitions. Click on each company’s name to learn more.

Important note: The monthly summaries below are not intended to be exhaustive lists of all of the investments/mergers and acquisitions within New Jersey. They are are compiled from outside sources available to the New Jersey Economic Development Authority (NJEDA), including Pitchbook and Crunchbase, as well as other publicly-available websites.

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eXPLORE rECENT iNVESTMENTS AND mERGERS & aCQUISTIONS

Company: OwnBackup
Location:
Englewood Cliffs, NJ
Sector:
Information Technology|OwnBackup developscloud data protection platform built to prevent and manage data loss and corruption crises. The company’s cloud-to-cloud backup and restore platform provides secure, automated and daily backups of software-as-a-service and platform-as-a-service data, as well as sophisticated data, compare and restore tools, enabling businesses to protect critical cloud data and optimize disaster recovery.
Deal synopsis:
The company raised $167.5 million of Series D venture funding on January 28.
Investor(s): Led by Salesforce Ventures, Insight Partners and Sapphire Ventures. Oryzn Capital, Vertex Ventures Israel and Innovation Endeavors also participated in the round.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/153138-88#overview
Article: OwnBackup raises $167.5 million to bring cloud data backups to Salesforce and beyond

Company: Provention Bio
Location:
Lebanon, NJ
Sector:
Biotechnology, Health Care, Medical, Pharmaceutical| Provention Bio is a clinical stage biopharmaceutical dedicated to sourcing, developing and commercializing novel therapeutics.
Deal synopsis:
Provention Bio raised $100 million in Post-IPO Equity funding on January 13.
Investor(s):
Johnson & Johnson Innovation, JDRF T1D Fund
Pitchbook Profile page:
https://pitchbook.com/profiles/company/180591-22
News Release: Provention Bio Announces Pricing of $100 Million Public Offering of Common Stock

Company: Elucida Oncology
Location:
Monmouth Junction, NJ
Sector:
Healthcare | Elucida Oncology develops a silica particle delivery platform intended to enhance the performance of diagnostic, imaging and therapeutic treatments in oncology. The company’s platform is highly engineered and customizable which is centered around the detection and treatment of primary solid tumor and metastatic cancers, enabling healthcare providers to target delivery of imaging and high concentration therapeutic payloads to tumor cells.
Deal synopsis:
The company closed on $43.74 million of Series A1 venture funding on January 11.
Investor(s): Undisclosed.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/185235-67
News Release: Elucida Oncology Closes $44 Million Series A-1 Financing :: Elucida Oncology, Inc.
*Elucida previously benefited from the NJEDA’s Angel Investor Tax Credit Program.

Company: Flowonix
Location:
Mount Olive, NJ
Sector:
Healthcare | Flowonix develops a medical therapeutic device created to ease drug infusion and delivery to patients. The company specializes in the development of implantable devices to deliver and infuse therapeutic drugs into the spine for the management of chronic and various pain, thus enabling physicians and healthcare professionals to use enhancing drugs for the treatment of neurological disorders.
Deal synopsis:
The company raised an estimated $36.5 million of Series B venture funding on January 4.
Investor(s): Led by Farallon Capital Management. Other undisclosed investors also participated in the round.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/54042-13
News Release:
Flowonix Medical, Inc. and SWK Holdings Corporation Announce Closing of $33 Million Financing
*Flowonix previously participated in the NJEDA’s Net Operating Loss Program.

Company: Blue Sage Solutions
Location:
Englewood Cliffs, NJ
Sector:
Information Technology | Blue Sage Solutions operates a digital lending platform intended to deliver lending services that optimize operations while maximizing customer experience. The company’s platform is cloud-based and includes mobile applications to provide end-to-end functionality for the lending and fulfillment process regardless of the channel, enabling retail, wholesale, and correspondent lenders to optimize their operation and have a convenient lending experience.
Deal synopsis:
The company raised $35 million of venture funding on January 8.
Investor(s): Goldman Sachs and other undisclosed investors
Pitchbook Profile page: https://pitchbook.com/profiles/company/139947-31#overview
News Release:
Blue Sage Solutions Announces Investment from Goldman Sachs Growth Equity

Company: Voyager
Location:
Jersey City, NJ
Sector:
Cryptocurrency, Financial Services, Information Technology| Voyager is a crypto asset broker that provides retail and institutional investors with a turnkey solution.
Deal synopsis:
Voyager raised $25 million in Post-IPO Equity funding on January 14.
Investor(s):
N/A
Pitchbook Profile page:
N/A

Company: Caladrius Biosciences
Location:
Basking Ridge, NJ
Sector:
Biotechnology, Pharmaceutical, Therapeutics| Caladrius Biosciences is a clinical-stage biopharmaceutical company.
Deal synopsis:
Caladrius Biosciences raised $25 million in Post-IPO Equity funding on January 21st
Investor(s):
National Institutes of Health, National Institutes of Health (NIH), RimAsia Capital Partners
Pitchbook Profile page:
https://pitchbook.com/profiles/company/14197-87
News Release: Caladrius Biosciences Closes $25.0 Million Private Placement


Company:
Citius Pharmaceuticals
Location:
Cranford, NJ
Sector:
Biotechnology, Life Science, Medical, Therapeutics| Citius Pharmaceuticals is a specialty pharmaceutical company dedicated to the development and commercialization of therapeutic products.
Deal synopsis:
Citius Pharmaceuticals raised $20 million in Post-IPO Equity funding on January 25.
Investor(s):
Leonard Mazur, Myron Holubiak
Pitchbook Profile page:
https://pitchbook.com/profiles/company/107499-07


Company: Cancer Genetics
Location:
Rutherford, NJ
Sector:
Biotechnology, Genetics, Health Care, Health Diagnostics| Cancer Genetics is laboratory that develops and commercializes proprietary genomic tests and services to empower cancer treatment.
Deal synopsis:
Cancer Genetics raised $10 million in Post-IPO equity funding on January 28.
Investor(s):
N/A
Pitchbook Profile page:
https://pitchbook.com/profiles/company/53982-82
News Release: Cancer Genetics Announces $10.0 Million Private Placement Priced At-the-Market
*Cancer Genetics previously participated in the NJEDA’s Net Operating Loss Program.


Company: Outlook Therapeutics
Location:
Cranbury, NJ
Sector:
Biopharma, Biotechnology, Pharmaceutical, Therapeutics| Outlook Therapeutics is a biopharmaceutical company focused on developing and commercializing monoclonal antibody biosimilar therapeutics.
Deal synopsis:
Outlook Therapeutics raised $10 million in Post-IPO equity funding on January 28..
Investor(s):
Perceptive Advisors, venBio Partners, Sabby Management, Cormorant Global Healthcare Master Fund, Longwood Capital Partners
Pitchbook Profile page:
https://pitchbook.com/profiles/company/65006-29
News Release: Outlook Therapeutics Announces $10.0 Million Bought Deal Offering of Common Stock

Company: Motorika
Location:
Mount Laurel, NJ
Sector:
Biotechnology, Health Care, Medical| Motorika’s mission is to create robot-assisted solutions to meet the therapeutic needs of patients suffering from a variety of neurological.
Deal synopsis:
Motorika raised $4 million in venture funding on January 19.
Investor(s):
Russian Direct Investment Fund, Far Eastern High Technology Fund
Pitchbook Profile page:
https://pitchbook.com/profiles/company/231157-36

Company: BKON
Location:
Moorestown, NJ
Sector:
Consumer Products and Services (B2C) | BKON manufactures brewing equipment intended to offer flavored beverages. The company’s equipment uses rain technology to create new rules for flavor enhancement, product stability, and production efficiencies, thereby enabling users to craft a new variety of made-to-order coffees, loose-leaf teas, and cocktails with enhanced flavor, purity, precision, and speed.
Deal synopsis:
The company raised $3 million of Series A venture funding on January 5.
Investor(s): Led by GoodWest Industries. Keiretsu Forum also participated in the round.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/265127-32#overview


Company: BioStream Technologies
Location:
Moorestown, NJ
Sector:
Healthcare | BioStream Technologies develops a video game therapy intended to help children with autism spectrum disorder improves their social skills. The company’s therapy uses state-of-the-art technology to create a high-quality experience that includes animations, music, levels, power-ups, and more, enabling children with an autism spectrum disorder to practice skills in a comfortable environment before applying them in the real world.
Deal synopsis:
The company raised $725,000 of angel funding on January 13.
Investor(s): Undisclosed
Pitchbook Profile page:
https://pitchbook.com/profiles/company/186248-17#overview


Company: CarrotFi
Location:
Jersey City, NJ
Sector:
Information Technology | CarrotFi develops a cloud financial management platform designed to innovate home-saving strategies at-scale. The company’s platform discovers vital borrower information across the debt journey and drives customized playbooks that look beyond credit scores to create win-win outcomes, thereby, providing investors and borrowers with sustainable solutions for distressed homeowners, at their time-in-need, develop relationships and drive customer lifetime value.
Deal synopsis:
CarrotFi joined Entrepreneurs Roundtable Accelerator as a part of Winter 2021 cohort on January 11 and received $100,000 in funding.
Investor(s): Entrepreneur Roundtable Accelerator
Pitchbook Profile page:
https://pitchbook.com/profiles/company/442199-62

Company: eBumps
Location:
Princeton, NJ
Sector:
Business Products and Services (B25) | eBumps provides a mobile advertising platform designed to use location data and the creation of a new advertising medium to provide rapid-paced and targeted advertisements to the public. The company’s platform is made up of 16-inch liquid crystal display (LCD) screens that are placed on the passenger doors of vehicles facing the sidewalk, enabling benefits to both consumers and to advertisers.
Deal synopsis:
The company raised $50,000 of convertible debt financing on January 25.
Investor(s): Undisclosed
Pitchbook Profile page:
https://pitchbook.com/profiles/company/459350-83


Company: Comprehensive Healthcare Systems
Location:
Edison, NJ
Sector:
Health Care, Information Technology, Software| Comprehensive Healthcare Systems provides healthcare administrative software solutions.
Deal synopsis:
Comprehensive Healthcare Systems raised $50,000 in debt financing on January 14.
Investor(s):
Hunch Ventures
Pitchbook Profile page:
https://pitchbook.com/profiles/company/183032-83#overview

Company: Tevogen Bio
Location:
Metuchen, NJ
Sector:
Healthcare | Tevogen Bio provides curative and preventative treatments intended to positively impact global public health. The company’s treatments are offered by leveraging proprietary immunotherapy to develop investigational therapies in oncology, viral vaccines and harnessing its targeted T cell therapy to develop investigational products to treat viral infections, enabling healthcare industry to offer curative and preventive treatments.
Deal synopsis:
The company raised an undisclosed amount of angel funding.
Investor(s): HMP Partners of New Jersey
Pitchbook Profile page:
https://pitchbook.com/profiles/company/459341-65
News Release: Tevogen Bio Secures Funding from Team of Doctors to Support Clinical Trials of Its Investigational Curative T Cell Therapy for COVID-19

Company: OmniActive Health Technologies
Location:
Morristown, NJ
Sector:
Health Care, Manufacturing| OmniActive was born from Kancor Ingredients, an ingredient supplier rooted in the food and flavoring industry
Deal synopsis:
OmniActive Health Technologies raised an undisclosed amount of private equity funding on January 11.
Investor(s):
TA Associates, Everstone
Pitchbook Profile page:
https://pitchbook.com/profiles/company/166029-22
News Release: OmniActive Health Technologies Announces Strategic Investment from TA Associates to Accelerate Global Growth


Company: DolphinDB
Location:
Jersey City, NJ
Sector:
Information Technology | Dolphin DB develops a big data analytical system designed to provide unlimited data scaling capacity. The company’s system integrates a big data database, a lightweight distributed computing framework and a fully-featured vector programming language, enabling finance, telecom and manufacturing businesses to process and analyze huge volumes of data at faster speeds.
Deal synopsis:
The company raised an undisclosed amount of Series A venture funding.
Investor(s): Everest VC
Pitchbook Profile page:
https://pitchbook.com/profiles/company/181322-47

Company: Income Discovery
Location:
Hoboken, NJ
Sector:
Financial Services | Income Discovery provides retirement planning services intended to make independent old age living. The company’s services offer investment advice to financial advisors in the construction of a retirement income plan for their clients under the terms described in the commercial agreement, providing customers with safe retirement income.
Deal synopsis:
The company raised an undisclosed amount of angel funding on January 14.
Investor(s): Roger Ochs, Shankar Iyer, and Shaun Mathews and other undisclosed investors.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/87884-11

Company: HealthG2
Location:
Princeton, NJ
Sector:
Business Products and Services (B2B) | Provider of undisclosed products and services. The company is currently operating in stealth mode.
Deal synopsis:
The company raised $25,000 of angel funding on January 5, 2021.
Investor(s): Undisclosed
Pitchbook Profile page:
N/A


Company: Optimeos Life Sciences
Location: Princeton, NJ
Sector: Life Sciences | Optimeos Life Sciences is pioneering a novel nanoparticle-enabled approach for the sustained delivery of biologics to advance medical treatment and patient care.  
Deal Synopsis: Optimeos Life Sciences announced on January 14 that it has received a Small Business Technology Transfer (STTR) grant for its technology, which can help create a more robust, versatile, and potent COVID-19 vaccine.
Investor(s): National Science Foundation
Pitchbook: https://pitchbook.com/profiles/company/186401-53#overview

Mergers & Acquisitions


Company:
Cantel Medical
Location:
Little Falls, NJ
Sector:
Health Care, Medical, Medical Device, Water Purification | Cantel Medical is a provider of infection prevention products and services for caregivers, patients, and other healthcare providers.
Deal synopsis:
STERIS Corporation announced on January 12 that the company was acquiring Cantel Medical for $4.6 billion.

Pitchbook Profile page: https://pitchbook.com/profiles/company/41334-49
News Release: STERIS Announces Definitive Agreement to Acquire Cantel Medical

Company: Kashiv Specialty Pharmaceuticals
Location:
Piscataway, NJ
Sector:
Biopharma, Biotechnology, Pharmaceutical| Kashiv Specialty Pharmaceuticals develop complex generics, innovative drug delivery platforms, and novel 505(b)(2) drugs.
Deal synopsis:
Amneal Pharmaceuticals announced on January 12 that the company was acquiring Kashiv Specialty Pharmaceuticals for $70 million.
Pitchbook Profile page:
N/A
News Release: Amneal to Acquire Substantially All of Kashiv Specialty Pharmaceuticals

Company: Apex IT Group
Location:
Mount Laurel, NJ
Sector:
Cloud Computing, Cyber Security, Information Technology | Apex IT Group delivers IT managed services through its proprietary process-driven methodology.
Deal synopsis:
Thrive announced on January 22 that the company was acquiring Apex IT Group for an undisclosed amount.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/230586-76

Company: Corsis
Location:
Livingston, NJ
Sector:
Business Intelligence, Consulting, Information Technology | Corsis is a data-powered technology platform that delivers revolutionary insights into technology investments that drive growth and value.
Deal synopsis:
Crosslake Technologies announced on January 21 that the company was merging with Corsis for an undisclosed amount.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/113789-71

Company: RAdata
Location:
Flanders, NJ
Sector:
Environmental Consulting, Environmental Engineering, Water| RAdata offers radon testing and treatment business.
Deal synopsis:
Rockbridge Growth Equity announced on January 14 that the company was acquiring RAdata for an undisclosed amount.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/247641-67


Company: CareFirst Specialty Pharmacy
Location: Cinnaminson, NJ
Sector:
Health Care, Pharmaceutical| CareFirst Specialty Pharmacy offers compounded medications that are formulated using specific processes to meet specific needs.
Deal synopsis:
Axia Women’s Healthannounced on January 8 that the company was acquiring CareFirst Specialty Pharmacy for an undisclosed amount.
Pitchbook Profile page:
N/A

Company: Catalent – Blow-Fill-Seal Sterile Contract Development and Manufacturing Business
Location: Somerset, NJ
Sector:
Biotechnology, Pharmaceutical| Catalent – Blow-Fill-Seal Sterile CDMO Business is focusing on complex clinical to commercial stage formulation and manufacturing.
Deal synopsis:
SK Capital Partners announced on January 6 that the company was buying out Catalent – Blow-Fill-Seal Sterile Contract Development and Manufacturing Business for an undisclosed amount.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/60658-12#overview
News Release: Catalent Divests Blow-Fill-Seal Sterile CDMO Business

Company: VerQu
Location:
Raritan, NJ
Sector:
Document Management, Information Technology, Software | VerQu offers software solutions, services, and additional cutting-edge technologies.
Deal synopsis:
Relativity announced on January 6 that the company was acquiring VerQu for an undisclosed amount.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/343233-10
News Release: Relativity Acquires VerQu, a Data Management Software Company

Company: Servian
Location:
Sydney, New South Wales, Australia
Sector:
Analytics, Data Integration, Information Technology| Servian design, deliver and manage innovative data & analytics, digital, customer engagement.
Deal synopsis:
Cognizant announced on January 10th that the company was acquiring Servian for an undisclosed amount.
Pitchbook Profile page:
https://pitchbook.com/profiles/company/232328-98

Company: Astrix Technology Group
Location:
Red Bank, NJ
Sector:
Information and Technology Services | Astrix Technology Group is an informatics consulting, professional services and outsourced staffing company dedicated to serving the scientific community. 
Deal synopsis:
Quad-C Management announced on January 4 that it had acquired Astrix Technology Group.
Pitchbook Profile page: https://pitchbook.com/profiles/company/130568-41#funding
News Release: Quad-C Management Announces Two New Services Investments and the Sale of Inmark

Company: MIAX New Jersey
Location: Princeton, NJ
Sector: Financial Technology | MIAX New Jersey is an operator of a fully-electronic exchange intended for the trading of equity options.
Deal synopsis: MIAX New Jersey announced on December 18 that it closed on $94.9 million in funding.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/miax

Company: Medocity
Location: Parsippany, NJ
Sector: Information Technology | Medocity offers a virtual care platform designed for enterprise solution to enable continuous, patient-centric care.
Deal synopsis: Medocity closed on $10.84 million in venture funding on December 17.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/medocity

Company: Hive Brands
Location: Old Bridge, NJ
Sector: Consumer Products and Services (B2C) | Hive Brands operates an online marketplace intended to make food and cleaning supplies easy. The marketplace offers food products, snacks, beverages, baby products, laundry products, pet products and consumer durables, enabling consumers to buy their daily use products from a single site.
Deal synopsis: Hive Brands announced on December 31 that it had raised $5.11 million of angel funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/458033-86#overview

Company: Partake Foods
Location: Hoboken, NJ
Sector: Consumer Products and Services (B2C) | Partake produces and supplies gluten-free, vegan, and allergy-friendly cookies. The company’s products include a variety of cookies such as sprouted grain chocolate chip mini cookies, double chocolate chip mini cookies, sweet potato millet mini cookies, carrot oat mini cookies, and birthday cake mini cookies, enabling customers to get a variety of healthy snacks.
Deal synopsis: The company announced on December 31 that it had raised $4.8 million of venture funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/234888-76

Company: Squan
Location: Englewood, NJ
Sector: Telecommunications | Squan provides innovative solutions that enable the evolution of wireless and data networks.
Deal synopsis: Squan announced on December 7 that it had closed on $4 million in venture funding.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/squan

Company: Ladder (US)
Location: NJ
Sector: Information Technology | Ladder has developed an online professional community platform designed to grow the career of students and professionals. The company’s platform gives students a space to talk about their careers, form connections with like-minded peers, get advice from industry experts, and participate in recruiting opportunities.
Deal synopsis: The company raised $3.07 million of angel funding on December 7.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442548-55

Company: Hazel
Location: Jersey City, NJ
Sector: Consumer Products and Services (B2C) | Hazel operates an online portal intended to encourage female care. The company’s portal provides products that encourage women to express themselves in the manner they want, enabling women to enjoy their lives.
Deal synopsis: The company raised $2.52 million of venture funding on December 29.
Investor(s): Blue Slide Ventures and Human Ventures
Pitchbook Profile page: https://pitchbook.com/profiles/company/434240-02#overview

Company: TruElastin Laboratories
Location: Chatham, NJ
Sector: Healthcare | TruElastin Laboratories develops medical devices for crosslinking and stabilizing natural elastin. The company’s device is used to release the elastin-stabilizing compound within a body lumen of a patient, enabling doctors to use the device as a longer-duration soft tissue filler for aesthetic applications.
Deal synopsis: The company announced on December 4 that it had raised $2 million of angel funding through a combination of equity and debt. 
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/454700-80

Company: Notitia Biotechnologies
Location: Monmouth Junction, NJ
Sector: Biotechnology | Notitia Biotechnologies develops a biotechnology platform that uses a new method for microbiome data analysis and discovery.
Deal synopsis: Notitia Biotechnologies announced on December 15 that it had raised $1.5 million on December 15.
Investor(s): Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/notitia-biotechnologies

Company: Soligenix
Location: Princeton, NJ
Sector: Biopharmaceutical |  Soligenix, Inc. focuses on developing and commercializing products to treat rare diseases where there is an unmet medical need.
Deal synopsis: Soligenix announced on December 28 that it has been awarded a Direct to Phase II Small Business Innovation Research (SBIR) grant of approximately $1.5 million to support manufacture, formulation (including thermostabilization) and characterization of COVID-19 (Coronavirus Disease 2019) and EVD (Ebola Virus Disease) vaccine candidates in conjunction with the CoVaccine HT™ (CoVaccine) adjuvant. 
Investor(s): The National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH). 
Pitchbook Profile page: https://pitchbook.com/profiles/company/41938-48
News Release: Soligenix Announces $1.5 Million NIH Small Business Innovation Research Award Advancing COVID-19 Vaccine Development
*Soligenix previously participated in the NJEDA’s Net Operating Loss Program.

Company: Adapty
Location: Cranford, NJ
Sector: Information and Technology Services | Adapty designs and develops omnichannel solutions that drive customer engagement and enable business growth. 
Deal synopsis: Adapty announced on December 22 that it raised $500,000 in pre-seed funding.
Investor(s): 500 Startups, Genesis Investments, AdFirst.vc
Crunchbase Profile page: https://www.crunchbase.com/organization/adapty-6702

Company: Couple
Location: Basking Ridge, NJ
Sector: Information Technology | Couple provides a virtual dating platform designed to connect with real people, not online profiles. The company’s platform spares hours of swiping by sitting at a virtual table with actual dates, enabling people to get matches over private video feeds.
Deal synopsis: The company announced on December 8 that it had raised $400,000 of angel funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/455164-12

Company: Iron Hills Therapeutics
Location: Andover, NJ
Sector: Healthcare | Iron Hill Therapeutics operates a therapeutics company based Andover.
Deal synopsis: The company raised $390,000 of convertible debt financing on December 28.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/458240-32

Company: I Got It
Location: Bridgewater, NJ
Sector: Information Technology | I Got It develops an online auction platform intended to engage fans to bid in real-time on experiences and merchandise. The company’s platform allows fans to auction their experiences, merchandise, and memorabilia exclusively at the venues they are attending, enabling them to enhance their monetization of existing souvenir and memorabilia through targeted sales.
Deal synopsis: The company closed on $264,400 of equity crowdfunding on December 13.
Investor(s): Crowdfunding via Wefunder
Pitchbook Profile page: N/A

Company: Chinah
Location: East Brunswick, NJ
Sector: Consumer Products and Services (B2C) | Operator of a Chinese restaurant intended to offer healthy and simple made food.
Deal synopsis: The company joined Newchip on December 14 and received an undisclosed amount of funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/454581-01#overview

Company: Emitrr
Location: West New York, NJ
Sector: Information and Technology Services | Emitrr is an all in one platform that helps its clients build and publish voice apps on Alexa/Google Home.
Deal synopsis: Emitrr announced on December 22 that it had closed on an undisclosed amount of pre-seed funding.
Investor(s): Axilor Ventures
Pitchbook Profile page: https://www.crunchbase.com/organization/emitrr

CompanyHiT Nano
Location: Bordentown, NJ
Sector: Clean Energy | HiT Nano develops next generation, low cost and high performance, Li-Ion batteries and energy storage systems by using novel high temperature nanotechnologies
Deal Synopsis: The Binational Industrial Research and Development (BIRD) Foundation announced on December 20 plans to award Hit Nano and Israeli company Tadiran Batteries an undisclosed amount in grant awards to their joint project to develop silicon anode, nickel rich cathode, high-energy high-safety AA Li-Ion Cell for industrial internet of things applications (IOT).
Investor(s): The U.S. Department of Energy, Israel’s Ministry of Energy and the Israel Innovation Authority
Pitchbook Profile Page: https://pitchbook.com/profiles/company/225739-36

 


Mergers & Acquisitions


Company: Sparta Systems
Location: Holmdel, NJ
Sector: Enterprise Software, Information Technology, Software | Sparta Systems develops Trackwise quality management system software that helps manage quality and compliance processes.
Deal synopsis: Honeywell International announced on December 22 that it was acquiring Sparta Systems for $1.3 billion.
Pitchbook Profile page: https://pitchbook.com/profiles/company/11020-42
News Release: Honeywell Expands Life Sciences And Software Capabilities Through Acquisition Of Sparta Systems

Company: QuickChek
Location: Whitehouse, NJ
Sector: E-Commerce, Retail | QuickChek is a privately owned, Dunellen, New Jersey based chain of convenience stores with 112 stores in New Jersey and New York.
Deal synopsis: Murphy USA announced on December 14 that the company was acquiring QuickChek for $645 million.   
Pitchbook Profile page: https://pitchbook.com/profiles/company/185452-12

Company: Matrixx Initiatives
Location: Bridgewater, NJ
Sector: Biotechnology, Health Care | Matrixx initiatives is a company focused on the development of over-the-counter medicine.
Deal synopsis: Church and Dwight, Co. announced on December 1 that it had finalized the acquisition of Matrixx Initiatives for $530 million.
Pitchbook Profile page: https://pitchbook.com/profiles/company/41143-42
News Release: Church & Dwight Acquires Zicam Brand for $530 Million

Company: Wedgewood Pharmacy
Location: Swedesboro, NJ
Sector: Pharmaceutical, Veterinary | Wedgewood Pharmacy is the largest compounding company devoted to animal health in the United States.
Deal synopsis: Partners Group announced on December 9 that it was acquiring Wedgewood Pharmacy for an undisclosed amount.  
Pitchbook Profile page: https://pitchbook.com/profiles/company/145055-71
News Release: Partners Group Will Become New Majority Shareholder of Wedgewood Pharmacy

Company: Genesis Research
Location: Hoboken, NJ
Sector: Consulting, Life Science, Pharmaceutical | Genesis Research is a global life sciences research and consulting company.
Deal synopsis: Sirius Market Access announced on December 3 that it was acquiring Genesis Research for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/360350-11
News Release: Genesis Research Announces Merger with UK-based Sirius Market Access 

Company: Apprentice.io
Location: Jersey City, NJ
Sector: Information Technology | Apprentice.io develops enterprise augmented reality that offers solutions for complex manufacturing processes, biopharma and research and development.
Deal synopsis: Apprentice.io announced on November 19 that it had raised $24 million through a combination of debt and Series B venture funding.
Investor(s): Deal led by Insight Partners and included investments from PacWest Bancorp, Pritzker Group Venture Capital, The Venture Reality Fund, and GFR Fund.
Pitchbook Profile page: https://pitchbook.com/profiles/company/181523-62
News Release: Apprentice.io Raises $24 Million Series B Led by Insight Partners 
*Apprentice.io benefited from the NJEDA’s NJ CoVest Fund.

Company: Urigen Pharmaceuticals
Location: Bound Brook, NJ
Sector: Pharmaceuticals | Urigen Pharmaceuticals designs and implements products for patients with urological ailments.
Deal synopsis: Urigen Pharmaceuticals announced on November that it had raised $3.02 million in funding.Investor(s): Undisclosed
Crunchbase Profile page: www.crunchbase.com/organization/urigen-pharmaceuticals​ 

Company: Devron
Location: North Brunswick, NJ
Sector: Information Technology | Devron operates a data science product platform intended to focus on democratizing machine learning in distributed silos.
Deal synopsis: The company announced on November 23 that it had raised $3 million of venture funding. 
Investor(s): Essence VC as well as other undisclosed investors
Pitchbook Profile page: https://pitchbook.com/profiles/company/454261-06

Company: Tetrels Technology Corp.
Location:  Princeton, NJ
Sector: Nanotechnology | Tetrels has created the world’s first Graphene-integrated ultrafiltration membrane that reduces fouling and doubles the lifespan and efficiency of membrane cartridges, saving the average customer hundreds of thousands of dollars/year.
Deal Synopsis: Tetrels Technology Corp. announced on November 5 that it had raised $2.27 million in angel funding.
Investor(s):  CM Venture Capital
Pitchbook Profile page:  https://www.crunchbase.com/organization/tetrels-technology-corp

Company: Income Discovery
Location: Hoboken, NJ
Sector: Financial Services | Income Discovery provides retirement planning services intended to make independent old age living easier. The company’s services offer investment advice to financial advisors in the construction of a retirement income plan for their clients under the terms described in the commercial agreement, providing customers with safe retirement income.
Deal synopsis: The company raised $1.3 million of convertible debt financing on November 4.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/87884-11#overview

Company: CollectiveCare Dental
Location: Moorestown, NJ
Sector: Healthcare | CollectiveCare Dental operates a dental service organization intended to help dentists build the multi-specialty network in dentistry. The organization offers personalized patient experiences, full range of treatment options and dental career destination, enabling dentists to deliver a higher level of patient care.
Deal synopsis: The company raised $462,580 of angel funding on November 24.
Investor(s): Undisclosed
Pitchbook Profile page: N/A

Company: Vivo Kidney Care
Location: Newton, NJ
Sector: Healthcare | Vivo Kidney Care is the operator of a renal diagnostics company intended to improve dialysis outcomes. The company’s services are equipped with state-of-the-art machinery, trained staff, and international standard practices, impart training for dialysis nurses and technologists, enabling doctors to improve the standard of dialysis treatment in Kenya.
Deal synopsis: The company raised $160,000 of angel funding on November 30.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/185399-83

Company: Dome Audio
Location: Rahway, NJ
Sector: Consumer Products and Services | Dome Audio develops dual fidelity headphones that use surround sound and bone conduction technology to allow both open and closed ear listening, enabling users to hear music in full fidelity while simultaneously hearing important ambient sounds in the environment.
Deal synopsis: Dome Audio raised $92,796 of equity crowdfunding as of November 19.
Investor(s): Crowdfunding via NetCapital
Pitchbook Profile page: N/A 

Company: Alitair Pharmaceuticals
Location: Morristown, NJ
Sector: Healthcare | Alitair is developing proprietary ion-exchange resin formulations, prescription cough medicines, and a pipeline of orphan drugs.
Deal synopsis: The company announced on November 11 that it it raised $35,000 of angel funding. 
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/125557-12

Company: Parataxis
Location: NJ
Sector: Financial Services | Parataxis operates a multi-strategy investment firm focused on the digital asset sector. The company serves as an investment manager for funds.
Deal synopsis: The company raised an undisclosed amount of venture funding on November 9. 
Investor(s): Bill Block, Jamie Selway, Rishi Nangalia, Richard Gorelick Family Office, and other undisclosed investors
Pitchbook Profile page: https://pitchbook.com/profiles/company/452783-89


Mergers & Acquisitions


Company: Emisphere Technologies
Location: Roseland, NJ
Sector: Pharmaceuticals | Emisphere utilizes its proprietary Eligen Technology to create new oral formulations of therapeutic agents.
Deal synopsis: Novo Nordisk announced on November 6 that it was acquiring Emisphere Technologies for $1.35 billion.
Pitchbook Profile page: https://pitchbook.com/profiles/company/41173-03
News Release: Novo Nordisk Completes Acquisition of Emisphere Technologies for $1.35 Billion 

Company: Enpirion
Location: Hampton, NJ
Sector: Consumer Electronics | Enpirion is an analog semiconductor company offering highly-integrated power management solutions.
Deal synopsis: Enpirion was acquired by Richtek Technology Corporation for $85 million on November 18.
Pitchbook Profile page: N/A

Company: W-Systems Corp.
Location: Ramsey, NJ
Sector: Information Technology & Services | W-Systems Corp. is a national provider of transformational sales and marketing technology.
Deal synopsis: SugarCRM announced on November 5 that it was acquiring W-Systems Corp. for an undisclosed amount.
Pitchbook Profile page: https://pitchbook.com/profiles/company/183383-29
News Release: SugarCRM Acquires W-Systems

Company: NJLTC
Location: Hazlet, NJ
Sector: Insurance | NJLTC specializes in long-term care and disability income insurance solutions for its clients and distribution partners.
Deal synopsis: Acquired by LTC Global on November 5 for an undisclosed amount.
Pitchbook Profile page: N/A

Company: DriveWealth
Location:  Chatham, NJ
Sector:  Financial Technology | DriveWealth is a digital trading technology company that develops cloud-based, API-driven brokerage infrastructure.
Deal synopsis: DriveWealth announced on October 27 that it raised $56.7 million in Series C funding.
Investor(s):  Fidelity International Strategic Ventures, Mouro Capital, Point72 Ventures, Quite Growth, Raptor Group, Route 66 Ventures, SBI Group
Crunchbase Profile page: https://www.crunchbase.com/organization/drivewealth
News Release: DriveWealth lands $56.7 million Series C funding round to bolster technology, support acquisition strategy

Company: Arable Labs
Location: Princeton, NJ
Sector: Information Technology | Arable Labs has developed a crop analytics platform designed to manage weather risk and crop health.
Deal synopsis: Arable announced on October 29 that it had raised $20 million in investments.
Investor(s): Ajax Strategies, Alumni Ventures Group, Argonautic Ventures, Cantos Ventures, Chase field, Fred Bould, Imagine H2O, iSelect Fund, M20, Middleland Capital, National Science Foundation, New York City Regional Innovation Node, Prelude Ventures, S2G Ventures, SparkLabs, SVG Ventures, Village Capital.
Pitchbook Profile page: https://pitchbook.com/profiles/company/134273-98
News Release: Arable Raises $20M to Digitize Agriculture and Optimize the Food System
*Arable Labs previously participated in the NJEDA’s Net Operating Loss Program.

Company: H2 – Greenforce
Location: NJ
Sector: Energy | H2-Greenforce develops self-sustainable electric infrastructure intended to decarbonize our planet through the production of green electricity.
Deal synopsis: H2 – Greenforce announced on October 27 that it has raised $12 million in investments.
Investor(s): Kevin Harrington
Pitchbook Profile page: https://pitchbook.com/profiles/company/442974-88

Company: Transcend Street Solutions
Location: Piscataway, NJ
Sector: Information Technology | Transcend develops software designed for businesses to manage collateral effectively.
Deal synopsis: Transcend announced on October 29 that it raised $10 million in investments.
Investor(s): Nyca Partners
Pitchbook Profile page: https://pitchbook.com/profiles/company/146591-83

Company: Aspargo Labs
Location: Englewood Cliffs, NJ
Sector: Healthcare | Asparago Labs is developing an oral spray designed to treat erectile dysfunction.
Deal synopsis: Aspargo Labs announced on October 15 that it had raised $7.9 million.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/437597-83

Company: BioAegis Therapeutics
Location: North Brunswick, NJ
Sector: Healthcare | BioAegis Therapeutics is a clinical-stage drug development company that intends to facilitate the treatment of inflammation and infectious diseases.
Deal synopsis: BioAegis Therapeutics announced on October 7 that it had raised $7 million in investments.
Investor(s): National Institute Of Allergy and Infectious Diseases
Pitchbook Profile page: https://pitchbook.com/profiles/company/56089-90
*BioAegis Therapeutics graduated from the NJEDA’s Bioscience Center – Incubator in North Brunswick.

Company: Disprz
Location: West Orange, NJ
Sector: Business Products and Services (B2B) | Disprz develops a mobile learning and engagement platform intended to help organizations digitally onboard, up-skill, continuously develop, and empower employees across organizational ranks.
Deal synopsis: Disprz announced on October 5 that it had raised $1.6 million in investments.
Investor(s): Auctus Capital, GO1, IL&FS Investment Managers, Kae Capital, Oracle, VentureOutNY
Pitchbook Profile page: https://pitchbook.com/profiles/company/169456-51

Company: RunSignup
Location: Moorestown, NJ
Sector: Information Technology | Developer of an all in one registration platform intended for fundraising and endurance events.
Deal synopsis: RunSignup announced on October 8 that it had raised $3.12 million in Series A funding.
Investor(s): Payroc.
Pitchbook Profile page: https://pitchbook.com/profiles/company/96656-23

Company: Bioincept
Location: Cherry Hill, NJ
Sector: Biotechnology | BioIncept develops compound for embryo development in humans.
Deal synopsis: BioIncept announced on October 19 that it has raised $3.1 million in venture funding.  
Investor(s): Undisclosed 
Crunchbase Profile page: https://www.crunchbase.com/organization/bioincept

Company: Technology Keiretsu
Location: Morristown, NJ
Sector: Financial Services | Operator of a holding company intended to offer IT consulting services.
Deal synopsis: Technology Keiretsu announced on October 13 that it had raised $2 million in angel investments.
Investor(s): NewSpring Capital, TechSys.
Pitchbook Profile page: https://pitchbook.com/profiles/company/92829-79

Company: Glimpse
Location: Monroe Township, NJ
Sector: Business Products and Services (B2B) | Operator of a two-sided marketplace dedicated to connecting retail brands with short-term rental hosts.
Deal synopsis: Glimpse announced on October 13 that it had raised $1.5 million in seed-round funding.
Investor(s): Aces Syndicate, Bangaly Kaba, Bradley Horowitz, GSR Ventures, Julia Hartz, Kevin Hartz, Origin Ventures, Vibhu Norby, Y Combinator.
Pitchbook Profile page: https://pitchbook.com/profiles/company/442603-00

Company: Borobabi
Location: Paterson, NJ
Sector: Consumer Products and Services (B2C) | Borobabi develops a clothing brand designed to offer ethically-produced children’s garments.
Deal synopsis: Borobabi announced on October 8 that it had raised $472,000 in angel investments.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442371-25

Company: InquisitHealth
Location: River Edge, NJ
Sector: Healthcare |InquisitHealth provides a peer-to-peer mentoring service intended to provide guidance through structured programs and improve patient outcomes.
Deal synopsis: InquisitHealth announced on October 20 that it had raised $260,000 in late-stage venture capital funding.
Investor(s): AmeriHealth, Blueprint Health, DreamIt Ventures, Hudson River Capital Partners, New Jersey Economic Development Authority, Solve Accelerator, U.S. Department of Health and Human Services.
Pitchbook Profile page: https://pitchbook.com/profiles/company/54874-90
*InquisitHealth previously benefited from the NJEDA’s NJ CoVest Fund.

CompanyCila Labs
Location: Pinebrook, NJ
Sector: Information Technology | Cila Labs develops an online platform intended to provide technical assistance to non-tech entrepreneurs.
Deal synopsis: Cila Labs announced on October 21 that it had raised $250,000 in angel investments.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442829-44

Company: Bionex Pharmaceuticals, LLC
Location:  North Brunswick, NJ
Sector: Pharmaceuticals | Bionex Pharmaceuticals offers contract research and development services, from early-stage concept development to full-scale commercialization, in bio-pharmaceutical, food and cosmetic products. The company also develops and out-licenses its own proprietary formulations, technologies, and products related to drug, health food, and skin-care applications.
Deal synopsis: Bionex Pharmaceuticals received a $200,000 angel investment on October 6.
Investor(s):  Undisclosed
Crunchbase Profile page: N/A

Company: Voyager
Location:  Jersey City, NJ
Sector:  Financial Services | Voyager is a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets.
Deal synopsis: Voyager announced on October 31 that it had closed raised $110,545 in post-IPO equity.
Investor(s):  Undisclosed
Crunchbase Profile page: https://www.crunchbase.com/organization/voyager-8ad4

Company: Basement Sports
Location: Jersey City, NJ
Sector: Information Technology | Operator of a gaming platform intended to stimulate creative and loosely structured indoor play for kids of all ages.
Deal synopsis: Basement Sports announced on October 1 it had raised $51,500 in crowd funding.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/438881-32

Company: Signal Insights
Location: North Caldwell, NJ
Sector: Consumer Products and Services (B2C) | Signal Insights develops a news update platform intended to monitor the client and industry news, key website changes, press releases and blog posts.
Deal synopsis: Signal Insights announced on October 14 it had received a $50,000 angel investment.
Investor(s): Undisclosed
Pitchbook Profile page: https://pitchbook.com/profiles/company/442603-90

Company: Volan Technology
Location: Hoboken, NJ
Sector: Computer Software | Volan Technology is an artificial intelligence-powered Precise Positioning technology to enable the next generation of smart building automation
Deal synopsis: Volan Technology announced on October 27 that it had received a $25,000 grant.
Investor(s): Lee Prize for Innovation and Entrepreneurship
Crunchbase Profile page: https://www.crunchbase.com/organization/volan-technology

Company: ROAR Augmented Reality
Location: East Hanover, NJ
Sector: Information Technology & Services | ROAR Augmented Reality is a software-as-a-service no-code augmented reality (AR) content management platform that enables businesses and enterprises to create, deploy, and manage AR content at scale. 
Deal synopsis: ROAR Augmented Reality announced on October 30 that it had raised on an undisclosed amount of angel funding.
Investor(s): 37 Angels, Golden Seeds, Golden Seeds Venture Fund, Next Act Fund, SmartHub
Crunchbase Profile page: https://www.crunchbase.com/organization/theroar
*ROAR Augmented Reality was the first company to receive an investment from Golden Seeds investors since the NJ Chapter of Golden Seeds was founded in February 2020.

 


Mergers & Acquisitions


Company: Helix eSports
Location: North Bergen, NJ
Sector: Esports | Helix eSports offers world class gaming and virtual reality experiences at state-of-the-art esports centers.
Deal synopsis: Esports Entertainment Group announced on October 26 that it was acquiring Helix eSports for approximately $43 million.
Crunchbase Profile page: https://www.crunchbase.com/organization/helix-esports
News Release:Esports Entertainment Group Signs Agreement to Acquire Helix eSports and ggCircuit in Deal Valued at $43 Million

Company: TrialScope
Location: Jersey City, NJ
Sector: Computer Software | TrialScope provides clinical trial disclosure and transparency management technology to the global marketplace. 
Deal synopsis: TrialScope announced on October 1 that it was acquiring pharmaceutical company Eisai for an undisclosed amount.
Pitchbook Profile page: http://www.pitchbook.com/profiles/company/63651-70#timeline 
*TrialScope previously participated in the NJEDA’s Net Operating Loss Program. NJEDA also invested in TrialScope through its limited partnership investment into Edison Partners.