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Catching up with the Raynier Seed Fund Portfolio Companies

November 2, 2023

AI and Close Teams

Last week, Drexel Applied Innovation and the Close School of Entrepreneurship caught up with the portfolio companies of the Raynier Seed Fund over lunch! Our founders shared some very exciting milestones from the past year.

VitalStartHealth received $500K+ in follow-on funding, earned five awards, and taking on exciting new partnerships with large companies, including a paid pilot.

Naturaz closed a deal with $50 billion giant, TJX companies (includes TJ Maxx, Marshall’s, etc.), became a member of PA Biotech Center in Bucks County to scale up manufacturing, brought in new VP of Sales, and currently rolling out to independent beauty stores.

SnapRefund onboarded four clients, launched their product in Aug 2023, and closed $500k in payments processed. SnapRefund is currently almost halfway through their fundraising round of $1.2M, which they aim to close by the end of the year.

Tribaja amassed 10,000 users and $1 million in revenue. Their new training platform will launch next month, which will allow professionals to upskill and connect with employers.

Vasowatch accepted for a podium with the Society for Maternal-Fetal Medicine (SMFM), putting them on the fast track for their March publication, getting their product adopted, and continuing to grow.

Not pictured: Sheetal Bahirat of Reveal, Kaleb Banks of TDR Ideas, and Alberto Estrella of KTO.