# Mid-Atlantic Venture Funds

> Mid-Atlantic Venture Funds is a VC fund backing Software and VoIP. See 22 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Bethlehem, United States
- Total investments: 22
- Last investment: Nov 2005
- Lead investor: 23%
- Last updated: Aug 2026
- Website: http://www.mavf.com

Mid-Atlantic Venture Funds is a Pennsylvania-based principal investment firm focused on purchasing equity securities of growing businesses.

## Contacts

5 contacts available for Mid-Atlantic Venture Funds. Shizune tracks 3 team members at Mid-Atlantic Venture Funds. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/mid-atlantic-venture-funds?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 7 | 32% |
| VoIP | 2 | 9% |
| Computer | 2 | 9% |
| Internet | 2 | 9% |
| Security | 2 | 9% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 6 | 27% |
| Series C | 5 | 23% |
| Series A | 4 | 18% |
| Funding Round | 3 | 14% |
| Series D | 2 | 9% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Frederick J. Beste III | Founding Partner, President, and Chief Executive Officer | 0 | https://shizune.co/investors/profile/frederick-j-beste-iii |
| Glen R. Bressner | Co-founder & Managing Partner | 4 | https://shizune.co/investors/profile/glen-r-bressner |
| Marc F. Benson | General Partner | 0 | https://shizune.co/investors/profile/marc-f-benson |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| NexTone Communications | NexTone Communications, headquartered in Rockville, Md., is focused on delivering Internet-based solutions for voice and data convergence to service providers. NexTone is in touch with the needs of the communications industry and is building products and solutions that facilitate the delivery of next generation applications. NexToneCommunication's solutions represent what's next in convergence. | $35M | Series D | Nov 07, 2005 |  |
| TapRoot Systems | TapRoot Systems provides an embedded mobile analytics product. | $6.5M | Series B | Sep 12, 2005 |  |
| SentitO Networks | sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers usingbreakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for:- Network and service scalability- Heightened voice quality and integrity- Carrier-grade reliability- An open service delivery architecture that enables consistent innovation and differentiationThe first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion. | $10M | Series D | Jun 07, 2005 |  |
| Colubris Networks | Colubris Networks provides wireless local area network solutions for enterprises and service providers. Its products include Colubris Wireless MultiService Access Points, which enable organizations to create wireless networking with direct source-to-destination traffic forwarding; Wireless Client Bridge that transforms non-wireless infrastructuredevices into wireless-ready mobile equipment; and MultiService Controllers, which manage wireless network configuration and operation. | $15M | Series C | Mar 08, 2005 |  |
| NexTone Communications | NexTone Communications, headquartered in Rockville, Md., is focused on delivering Internet-based solutions for voice and data convergence to service providers. NexTone is in touch with the needs of the communications industry and is building products and solutions that facilitate the delivery of next generation applications. NexToneCommunication's solutions represent what's next in convergence. | $10M | Series C | Jul 13, 2004 |  |
| CareGain | CareGain Inc. provides application software solutions for the consumer directed healthcare industry. Its CareGain Defined Care platform enables health plans and third-party administrators, such as health savings accounts, health reimbursement accounts, and flexible spending accounts to create and administer consumer-directed health plans. Thecompany's products comprise CareGain Asset Management Platform, an integrated software solution for CDH benefits administration; CareGain BankConnect that links the health plan's back-end systems with the systems of banks and other financial institutions that take on the role of health savings account custodians; and CareGain CardConnect, which facilitates the integration to multiple card transaction processing engines. It also offers services, including business analysis and consulting, customer support, and integration, as well as implementation, planning and analysis, design, construction, deployment, and training. The company was founded in 2001 and is headquartered in East Windsor, New Jersey. As of October 9, 2008, CareGain Inc. operates as a subsidiary of Canopy Financial, Inc. | $6.8M | Series B | Jun 10, 2004 |  |
| MindMatters Technologies | MindMatters Technologies has developed Innovator™ Enterprise Management System software, which provides advanced oversight and management of the corporate innovation process. Additionally, the Innovator has integrated functionality that provides unsurpassed safeguarding and protection of emerging intellectual property assets. |  |  | Jan 05, 2004 |  |
| SentitO Networks | sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers usingbreakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for:- Network and service scalability- Heightened voice quality and integrity- Carrier-grade reliability- An open service delivery architecture that enables consistent innovation and differentiationThe first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion. | $19M | Series C | Dec 30, 2003 |  |
| Netilla Networks | The Netilla® Service Platform is the industry's leading SSL VPN appliance that enables companies to provide secure remote and intranet access to ANY application - Windows®, UNIX®/Linux®, or mainframe - via a standard browser. Their appliance combines thin-client technology, SSL encryption and a flexible, powerful authentication and policyframework. The benefits: rapid deployment, minimized network exposure and lower maintenance costs than traditional VPNs - with unrivaled ease of use. | $6M | Series C | May 20, 2003 |  |
| SentitO Networks | sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers usingbreakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for:- Network and service scalability- Heightened voice quality and integrity- Carrier-grade reliability- An open service delivery architecture that enables consistent innovation and differentiationThe first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion. | $14M | Series B | Mar 07, 2003 |  |

10 of 22 investments shown.

## Co-investors
- [Core Capital Partners](https://shizune.co/investors/profile/core-capital-partners) — VC Fund, 6 deals together
- [Future Fund](https://shizune.co/investors/profile/future-fund) — VC Fund, 4 deals together
- [Inflection Point Ventures](https://shizune.co/investors/profile/inflection-point-ventures) — VC Fund, 4 deals together
- [Kodiak Venture Partners](https://shizune.co/investors/profile/kodiak-venture-partners) — VC Fund, 4 deals together
- [TDF Ventures](https://shizune.co/investors/profile/tdf-ventures) — VC Fund, 4 deals together
- [Technology Venture Partners](https://shizune.co/investors/profile/technology-venture-partners) — VC Fund, 4 deals together

## Similar investors

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- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Mid-Atlantic Venture Funds invest in?

Mid-Atlantic Venture Funds invests primarily in Software, VoIP and Computer startups, most often at Series B and Series C stage. Most of the 22 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Mid-Atlantic Venture Funds?

Public channels for Mid-Atlantic Venture Funds include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Mid-Atlantic Venture Funds?

The team at Mid-Atlantic Venture Funds includes Frederick J. Beste III (Founding Partner, President, and Chief Executive Officer), Glen R. Bressner (Co-founder & Managing Partner) and Marc F. Benson (General Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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