The Long Island Angel Network held it’s first investor meeting of the year at LaunchPad Long Island in Mineola Wednesday night, presenting six startup companies to a standing room-only crowd of more than 100 LIAN members and early-stage investors.
They will join LIAN’s first deal of the calendar year, an investment led by Bob Brill in GroupGifting, the new venture at the intersection of mobile computing, social media and big data by the team that started Invision.
A second deal, led by energy expert Robert Catell will enable ThermoLift, a new tenant in Stony Brook’s Advanced Energy Research and Technology Center, to prototype a potentially disruptive energy technology. LIAN Chair Michael Faltischek indicated that both deals, in the high six and low seven figures respectively, are accepting modest additional investments.
Last night’s companies were:
Adhere Tech: Developing a patented smart pill bottle that knows its exact contents and communicates this data wirelessly to increase medication adherence from 60 percent to 90 percent, addressing the problems of $300 billion in increased costs and $100 billion in lost revenues.
Let's Order Now: Consolidates individual paid online takeout orders for the customer while turning 20 deliveries of four orders into eight deliveries of 20 orders for the restaurant.
Liquid Text: A tablet app initially targeting the e-textbook market that enables content viewing, excerpting, annotation, notetaking, and versatile organization for studying and paper writing.
Punch.In: a private social collaboration platform for the mobile workforce that delivers real awareness of who's doing what, when, and where across any team or organization.
Virtual Health: A concierge online platform for services, care and telehealth for seniorcitizens aging at home and in continuing care retirement communities andassisted living facilities.
Zenplaya: A smartphone app for a location-based mobile marketingand commerce platform that triggers mobile storefronts in real-time when peoplearrive at their destinations, presenting selling offers, promotions and giveaways.