CAV Angels Hits $25M Milestone in Startup Investment

Investment Milestone : CAV Angels, an investment syndicate of University of Virginia affiliates, surpassed $25 million in startup investments since 2015.

• Recent Investments :
  
  Invested in Richmond’s BrainBox Solutions, developing tests for traumatic brain injuries. Investment amount undisclosed.
• Invested $222,500 in Durham’s inSomaBio, a biomaterials company for reconstructive surgeries, contributing to a $3 million funding round for clinical trials.
• Company Details :
  
  BrainBox led by CEO Donna Edmonds, also a board member of Richmond’s Activation Capital.
• inSomaBio led by CEO Stefan Roberts and advised by Scott Hollenbeck, a UVa. medical department chair.

Collaborations : Worked with Duke Capital Partners on inSomaBio due diligence, demonstrating cross-university collaboration.

Upcoming Deals : Planning investments in Nouveau BioSciences (oncology drug repurposing) and Ask Alex (AI-powered marketing software), led by UVa. alum Jordon Durst.

Organization Structure : CAV Angels has 160 accredited investors, no paid staff, and minimal administrative fees, focusing investments on UVa. connected companies.

Source: The Business Journals

(M.M.)