Endotronix, a Cornerstone portfolio company and maker of cloud-enabled tools that help patients with advanced heart failure, announced earlier in the year that it had raised $12 million in debt financing from Silicon Valley Bank.
The company raised a $32 million Series C round last July. That round was raised to fund a safety and feasibility study for its implantable, cloud-connected sensor for heart patients, and to help Endotronix commercialize its cloud-based software solution that lets healthcare providers monitor patients’ conditions after they leave the hospital.
Members of Cornerstone Angels have been early investors in Robinhood, and where the company has recently just raised $110MM in an investment led by DST Global at a $1.3B valuation.
Robinhood has achieved amazing growth in the last few years since Cornerstone’s initial investment. The company reports that it has close to 2 million users already. The company aims to make it easy for anyone to buy and trade stocks.
Cornerstone’s portfolio company Algal Scientific has recently been acquired by a strategic investor in March 2017. The company used a proprietary process and specially selected strains of algae to produce high value compounds used for animal and human health.
Cornerstone had made the investment through its Cornerstone Opportunity Partners, LLC entity.
Intellihot, Fourkites and Page Vault, three of Cornerstone’s portfolio companies have been named on ChicagoInno’s 50 on fire list. Below is the link to the full list –
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 –
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 –
Cornerstone (COP) 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 Cornerstone (COP), GCI Capital, MATH Venture Partners, and the State of Wisconsin Investment Board. Below is a link to the press release –
EatStreet Secures $15 Million Series C Investment Following Record-Breaking Year
See link below to article about EatStreet on Forbes.com.
Madison, WI — Nov 12, 2014 Cornerstone Founder 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
Northbrook, IL (October 27, 2014) – Intellihot, a Cornerstone 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 –
Chicago Tribune Article on Intellihot