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Excell Partners

North America, New York, United States, Rochester

Description

Excell Partners is a distinctive not-for-profit venture capital fund based in Rochester, New York, dedicated to fostering the growth of high-tech startups across Upstate New York. Their core mission revolves around identifying and nurturing early-stage companies that are developing and commercializing innovative technologies. This strategic focus aims to stimulate economic development and job creation within the region, positioning Excell Partners as a crucial catalyst for the local innovation ecosystem.

The fund primarily targets seed and early-stage companies, providing essential capital to promising ventures in sectors such as life sciences, advanced materials, clean energy, and information technology. Excell Partners typically deploys initial investments ranging from $100,000 to $500,000, with a clear potential for follow-on funding as companies achieve key milestones. They frequently engage in co-investment strategies, partnering with other venture capital firms, angel investors, and strategic partners to maximize the impact and reach of their capital.

Since its inception in 2003, Excell Partners has demonstrated a significant commitment to the Upstate New York tech landscape, having invested over $50 million into more than 100 high-tech companies. This substantial financial backing has played a pivotal role in enabling these portfolio companies to attract considerable additional capital. In fact, Excell's investments have helped their portfolio companies leverage over $500 million in follow-on funding from various sources, underscoring the fund's effectiveness in de-risking early-stage ventures and attracting broader investment.

Investor Profile

Excell Partners has backed more than 45 startups, with 0 new investments in the last 12 months alone. The firm has led 9 rounds, about 20% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Israel.
  • Strong thematic focus on Health Care, Biotechnology, Manufacturing.
  • Typical check size: $100K – $500K.

Stage Focus

  • Seed (60%)
  • Series Unknown (22%)
  • Series A (16%)
  • Series D (2%)

Country Focus

  • United States (98%)
  • Israel (2%)

Industry Focus

  • Health Care
  • Biotechnology
  • Manufacturing
  • Medical
  • Medical Device
  • Energy
  • Crowdfunding
  • Non Profit
  • Software
  • Artificial Intelligence (Ai)
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Excell Partners frequently co-invest with?

Launch NY
North America, New York, United States, Buffalo
Co-Investments: 4
RV
North America, New York, United States, Rochester
Co-Investments: 2
Cayuga Venture Fund
North America, New York, United States, Ithaca
Co-Investments: 4
Armory Square Ventures
North America, New York, United States, Syracuse
Co-Investments: 1
New York Ventures
North America, New York, United States, New York
Co-Investments: 2
Angel Investor Forum
North America, Connecticut, United States, Bristol
Co-Investments: 1
Rochester Angel Network
North America, New York, United States, West Henrietta
Co-Investments: 2
Rand Capital
North America, New York, United States, Buffalo
Co-Investments: 3
Great Oaks Venture Capital
North America, New York, United States, New York
Co-Investments: 3
GH
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 1

Which angels does Excell Partners often collaborate with?

TD
North America, California, United States, San Francisco
Shared Deals: 1
MW
North America, California, United States, Los Angeles
Shared Deals: 1
SK
North America, Illinois, United States, Chicago
Shared Deals: 1
David Meltzer
North America, California, United States, Orange
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Excell Partners?

Thread

Grand Forks, North Dakota, United States

Thread specializes in enterprise-scale autonomous data collection that delivers precise inspection insights.

ComputerData Collection and LabelingData IntegrationInformation TechnologyRoboticsSoftware
Series AOct 10, 2023
Amount Raised: $15,000,000
Neurogenesis

Rochester, New York, United States

Neurogenesis develops an approach to sustained delivery of remyelinating & regeneration proteins using the patient’s own stem cells.

BiotechnologyHealth CareLife Science
Series AMar 11, 2022
OWL Autonomous Imaging

Fairport, New York, United States

Owl Autonomous Imaging provides intelligent monocular 3D thermal ranging solutions for autonomous vehicles.

3D TechnologyArtificial Intelligence (AI)Autonomous VehiclesSensor
Series AJan 25, 2022
Amount Raised: $15,000,000
SunDensity

Boston, Massachusetts, United States

SunDensity provides photonic solar conversion products and services.

EnergyRenewable EnergySolar
Series UnknownDec 21, 2021
Conamix

Ithaca, New York, United States

Conamix commercializes the high energy cobalt-free battery materials for lithium-ion.

BatteryEnergyManufacturingRenewable Energy
Series UnknownNov 24, 2021
Amount Raised: $3,999,996
RealEats

Geneva, New York, United States

RealEats is a food tech company that offers a premium meal prep delivery service.

DeliveryFood and BeverageFood Delivery
Series AOct 26, 2021
Amount Raised: $16,300,000
Soos Technology

Kidron, HaMerkaz, Israel

Soos develops an incubation system that affects the sex development process and turns genetic males into functional female chicks.

AgTechArtificial Intelligence (AI)BiotechnologyMachine Learning
Series AMar 1, 2021
Amount Raised: $6,000,000
Karma Wellness Water

Rochester, New York, United States

Karma Wellness Water is a manufacturer of naturally enhanced, flavored spring water.

Food and BeverageFood ProcessingManufacturing
SeedNov 11, 2020
Amount Raised: $221,671
Casana

Rochester, New York, United States

Casana is innovating healthcare delivery with a smart toilet seat that enables in-home health monitoring.

Artificial Intelligence (AI)Health CareMedicalMedical Device
SeedApr 1, 2020
Amount Raised: $2,200,000
VPG Medical

Rochester, New York, United States

VPG Medical is a digital health service company developing innovative monitoring technologies and health services.

Health CareHospitalMedical Device
Series UnknownFeb 7, 2020
Amount Raised: $25,000