About Solstice Capital
Solstice Capital is a venture capital firm founded in 1995. It is primarily based out of Salem, United States. As of Jun 2011, Solstice Capital has invested in 27 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series C round of Regenesis Overall, Solstice Capital portfolio has seen 3 IPOs and 17 acquisitions including key companies like E Ink, Iron Mountain and Protonex. A lot of funds co-invest with Solstice Capital, with names like Village Ventures sharing a substantial percentage of its portfolio. Solstice Capital has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 1 more
Portfolio IPOs
Portfolio Acquisitions
Solstice Capital's List of Top Investments
Solstice Capital has a portfolio of 27 companies. Their most notable investments are in PhotoThera and MetaCarta.Their portfolio spans across United States and Austria. They have invested in Enterprise Applications, High Tech, Life Sciences and 10 other sectors, across stages such as Series A, Series B and 1 more. Here is the list of top investments by Solstice Capital:1. E Ink
Manufacturer of electronic paper displays. It develops an electronic paper display device for the eBook market. It has created electronic ink, the optical component of a film used in EPD. It also has applications in watches, electronic shelf labels, battery and memory indicators, and promotional signs.
Key facts about E Ink
- Founded Year: 1997
- Location: Billerica (United States)
- Stage: Acquired
- Total Funding till date: $52.8M
- Employee Count: 517 as on Jul 01, 2024
- Investors: Atlas Venture, Motorola Solutions and 8 Others
- Latest Funding Round: Series B, Jan 27, 2000, $*****
- Highlight: Acquired
Provider of data centers, records management, and digital business solutions. The organization delivers services including asset lifecycle management, shredding, and information governance. It offers solutions across various industries, such as financial services, healthcare, and public sector. The business supports digital transformation, data security, and sustainability initiatives for its clientele.
Key facts about Iron Mountain
- Founded Year: 1951
- Location: Markgrafneusiedl (Austria)
- Annual Revenue: $6.15B as on Dec 31, 2024
- Stage: Public
- Employee Count: 37 as on Dec 31, 2022
- Investors: Entree Capital, Solstice Capital and 5 Others
- Latest Funding Round: Post IPO, Aug 14, 2014, $*****
- Highlight: Public
3. Protonex
Developer of integrated tactical systems for military and first responders. This company designs and manufactures protective helmet systems, power and data management solutions, and advanced capabilities for enhancing situational awareness and performance in demanding environments. Their offerings include customizable helmet solutions addressing diverse threats, intelligent power and data systems for efficient battlefield operations, and future-focused technologies developed through collaboration and rigorous testing. A dedicated Warfighter Lab supports data-driven design and engineering decisions, ensuring mission-ready technologies are delivered.
Key facts about Protonex
- Founded Year: 2000
- Location: Southborough (United States)
- Stage: Acquired
- Total Funding till date: $26M
- Employee Count: 18 as on Dec 31, 2020
- Investors: Windsail Capital Group, Commons Capital and 7 Others
- Latest Funding Round: Series D, Oct 30, 2013, $*****
- Highlight: Acquired
4. MetaCarta
MetaCarta geo-enables content to make it useful. The company’s technology identifies geographic references in content, which enables monetization, localization, and allows users to find the information they couldn’t have found before. MetaCarta is map agnostic. The company’s geographic search platform integrates with a wide range of mapping and document management technologies such as Google, Microsoft, Yahoo, and ESRI. MetaCarta monetizes content on mobile devices, localizes content to deliver relevant news, and creates new revenue opportunities by driving premium services, enhancing customer loyalty, and increasing page views. MetaCarta offers a range of products and OnDemand hosted services for enterprise and consumer applications. It was acquired by Nokia in 2010
Key facts about MetaCarta
- Founded Year: 2001
- Location: Reston (United States)
- Stage: Acqui-Hired
- Total Funding till date: $30.9M
- Employee Count: 298 as on Dec 31, 2022
- Investors: Western Technology Investment, Liberty Capital Ventures and 9 Others
- Latest Funding Round: Series C, May 15, 2009, $*****
5. Arxan
Provider of AI-powered DevSecOps solutions for software delivery. It offers tools and services across the software development lifecycle, encompassing agile planning, application security, testing, deployment, and release automation. The platform integrates AI to provide insights and improve efficiency. Solutions are tailored for various industries, including government and finance, addressing specific compliance and security needs. The company also provides consulting and training services to support clients' digital transformations.
Key facts about Arxan
- Founded Year: 2001
- Location: Bethesda (United States)
- Stage: Acquired
- Total Funding till date: $17M
- Employee Count: 7 as on Jul 01, 2024
- Investors: TDF Ventures, ForgePoint Capital and 7 Others
- Latest Funding Round: Series C, Sep 17, 2009, $*****
- Highlight: Acquired
Solstice Capital's Investments by Stage
Solstice Capital has made 7 investments in Series A stage with an average round size of $6.95M, 4 investments in Series B stage with an average round size of $9.97M and 4 investments in Series C stage with an average round size of $15.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Series B | 4 |
Series C | 4 |
Note: We have considered here, only first round of investments
Solstice Capital's Investments by Sector
Solstice Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, Life Sciences and HealthTech. Notably, it has invested in 21 Enterprise (B2B) companies, 21 Tech companies, 13 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
High Tech | 6 |
Enterprise Infrastructure | 5 |
Life Sciences | 4 |
HealthTech | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
Solstice Capital's Investments by Geography
Solstice Capital has made most investments in United States (15).Solstice Capital's recent investments
Solstice Capital has not made any investment in 2026 so far.Here are the most recent investments by Solstice Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 10, 2011 | United States | Series C | 4749 | ||
Feb 24, 2011 | United States | Series D | 8430 | [+1] | |
Jan 28, 2009 | United States | Series C | 4278 | [+7] | |
Nov 14, 2008 | United States | Series D | 5141 | [+6] | |
Oct 22, 2007 | United States | Series C | 8687 | [+2] |
IPOs and Publicly Listed companies in Solstice Capital's Portfolio
3 of Solstice Capital's portfolio companies have become public. HTG Molecular Diagnostics got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2015 at marketcap of $94.3M and Evergreen Solar got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $155M.Here are Solstice Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 08, 2015 | Oct 22, 2007 | Series C | 3045 | |
Nov 02, 2000 | - | - | 6720 | |
Jul 01, 1997 | - | - | 6993 |
Acquired companies in Solstice Capital's Portfolio
17 companies from Solstice Capital's portfolio have been acquired. The most recent acquisition were E Ink in May 2021 by Nuclera Nucleics.Here are Solstice Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 12, 2021 | - | - | 3731 | |
Feb 27, 2017 | - | - | 2296 | |
Jun 29, 2015 | Mar 15, 2004 | Series A | 7551 | |
Feb 10, 2014 | Oct 03, 2005 | Series A | 6493 | |
Sep 18, 2013 | Mar 05, 2007 | Series C | 9341 |
Team profile of Solstice Capital
Solstice Capital has a team of 4 members including 3 Partners located in United States. Solstice Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Solstice Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Boston | - | ||
Partner | Tucson | - | ||
Partner | United States | - |
Co-investors of Solstice Capital
Over the past 25 years, 72 investors have co-invested in Solstice Capital's portfolio companies. This includes only funds.
- Invested before Solstice Capital: In-Q-Tel, Venrock and 2 others have invested in rounds before Solstice Capital. There is 1 company where In-Q-Tel has invested before Solstice Capital and 1 company where Venrock has invested before Solstice Capital.
- Top Co-investors of Solstice Capital: 39 investors entered a company along with Solstice Capital. These include investors like Village Ventures (4 companies).
- Invested after Solstice Capital: A total of 29 investors have invested in Solstice Capital's portfolio after their investments. Top Investors include In-Q-Tel (1 company), Parker (1 company) and Venture Capital Fund of New England (1 company).
Recent News related to Solstice Capital
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Lumidigm Announces $7 Million Funding Round – EON: Enhanced Online News (press release)BioEnable•Jun 13, 2013•Lumidigm, Sun Mountain Capital, Invencor, DFJ and 6 others
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Carefx Secures $12.3 Million in Series B Equity Funding; Over-Subscribed, Up-Round Highlights Company's Momentum in the Marketplace | Business WireBusiness Wire•Oct 25, 2005•Carefx, Pelion Venture Partners, Appian Ventures, Solstice Capital and 3 others
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StrionAir, Inc. Receives $11M Series B InvestmentPR Newswire•Oct 11, 2004•StrionAir, The Carlyle Group, Sequel Venture Partners, Vista Ventures and 1 other
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Protonex Receives VC Financing for Portable Fuel Cell Technology PRWeb•Mar 19, 2004•Protonex, Conduit Ventures, Solstice Capital
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Carefx Corp. Completes $7.2 Million Financing | Business WireBusiness Wire•Jul 11, 2003•Carefx, Grayhawk Capital, Highway 12 Ventures, Solstice Capital and 1 other
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Regenesis Biomedical Announces Series A FinancingPR Newswire•Apr 22, 2002•Regenesis, Solstice Capital, Village Ventures, Valley Ventures
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Protonex Receives Financing for Portable FC Technology. - Fuel Cells Today | HighBeam Research
Highbeam•Protonex, Conduit Ventures, Solstice Capital
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The Business Journals•StrionAir, The Carlyle Group, Sequel Venture Partners, Vista Ventures and 1 other
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Carefx Lands $7.2M In FundingTechTarget•Carefx, Grayhawk Capital, Highway 12 Ventures, Solstice Capital and 1 other
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