# NJTC Venture Fund

> NJTC Venture Fund is a VC fund backing Software and Health Care. See 25 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mount Laurel, United States
- Total investments: 25
- Last investment: Dec 2014
- Lead investor: 28%
- Last updated: Aug 2026
- Website: http://techcouncilventures.com/

NJTC Venture Fund is a VC fund in Mount Laurel focused on Software and Health Care. As of 2008 NJTC Venture Fund is no longer an active investor. NJTC Venture Fund made catalytic seed, startup, and early stage venture capital investments. The firm actively partners with entrepreneurs to build unique, leading-edge businesses that drive superior returns for investors and economic growth in the community.

## Contacts

5 contacts available for NJTC Venture Fund. Shizune tracks 4 team members at NJTC Venture Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/njtc-venture-fund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 9 | 36% |
| Health Care | 4 | 16% |
| Biotechnology | 3 | 12% |
| Information Technology | 3 | 12% |
| Computer | 2 | 8% |

33 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 8 | 32% |
| Series A | 6 | 24% |
| Series C | 3 | 12% |
| Funding Round | 3 | 12% |
| Grant | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Colleen Algayer | Office Manager | 0 | https://shizune.co/investors/profile/colleen-algayer |
| Jim Gunton | General Partner | 8 | https://shizune.co/investors/profile/jim-gunton |
| Joseph Falkenstein | General Partner | 0 | https://shizune.co/investors/profile/joseph-falkenstein |
| Robert Chefitz | Founder & General Partner | 9 | https://shizune.co/investors/profile/robert-chefitz |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| InstaMed | InstaMed provides healthcare payment experience on one platform that connects consumers, providers, and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money, and healthcare data seamlessly, and improving consumersatisfaction. | $17M |  | Dec 03, 2014 |  |
| SunRay Scientific Inc. | SunRay Scientific (SRS) is a supplier of advanced materials for printed electronics manufacturing and lead free packaging. The company’s key focus is the advancement of green electronics with clean chemistry, which includes development of conductive inks, epoxies and anisotropic conductive adhesives that minimize waste, eliminate use of lead, andreduce carbon footprint in electronics manufacturing. |  | Grant | Dec 07, 2010 |  |
| InstaMed | InstaMed provides healthcare payment experience on one platform that connects consumers, providers, and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money, and healthcare data seamlessly, and improving consumersatisfaction. | $6M |  | Sep 15, 2010 |  |
| InstaMed | InstaMed provides healthcare payment experience on one platform that connects consumers, providers, and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money, and healthcare data seamlessly, and improving consumersatisfaction. | $6M |  | Mar 17, 2009 |  |
| Archive Systems | At Archive Systems, their vision is to change the way organizations view document processing by enabling them to virtualize the back office. The company was founded in 1991 to address the demands of businesses overwhelmed with paper and seeking a records storage company to solve their paper storage issues. In 1998, they pioneered the firstservices-based, on-demand document management solution, ASPEN 360. The Virtual File Room Edition allows organizations to image and access a wide range of content including HR employee records and I-9 forms as well as legal documents and leases.The product includes ASPEN 360 Paper Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. Their records management services include everything from business records storage and document shredding to offsite data storage and document conversion. With a network of owned and operated Record Centers complete with barcode tracking, system-driven workflows and sophisticated records management systems, they ensure that your records are well protected, yet easily accessible when needed. | $11.5M | Series B | Jun 26, 2007 |  |
| InstaMed | InstaMed provides healthcare payment experience on one platform that connects consumers, providers, and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money, and healthcare data seamlessly, and improving consumersatisfaction. | $6.5M |  | Apr 27, 2007 |  |
| Gaia Power Technologies | Gaia Power Technologies, Inc. provides distributed energy management and storage systems in the United States. The company offers PowerTower, a backup power system that provides power for homes and businesses. It offers its products through resellers and distributors. Gaia Power Technologies, Inc. was founded in 2002 and is headquartered in NewYork, New York. | $2.9M | Series B | Mar 12, 2007 |  |
| Viracor-IBT Laboratories | Viracor-IBT Laboratories is dedicated to being the leading specialty diagnostics laboratory partner in allergy, immunology, and infectious disease testing.They provide doctors and hospitals the tests, results and support they need to deliver the best care possible, and they collaborate with pharmaceutical researchers to solve difficult problemsand accelerate drug development. | $20.5M | Series C | Mar 07, 2007 |  |
| Sword Diagnostics | Sword Diagnostics is a leading-edge life sciences company created in response to the rapidly evolving needs of the research, pharmaceutical, and clinical communities. Although researchers are discovering thousands of biomarkers associated with both healthy and diseased-related biological processes, today's life science tools are unable toeffectively measure, quantify, and determine the ultimate value of these biological markers. Sword Diagnostics' technology is directly aimed at making it easier to understand these newly emerging biomarkers, as well as extending the utility of existing diagnostics assays. | $1.5M | Series B | Mar 05, 2007 |  |
| Sword Diagnostics | Sword Diagnostics is a leading-edge life sciences company created in response to the rapidly evolving needs of the research, pharmaceutical, and clinical communities. Although researchers are discovering thousands of biomarkers associated with both healthy and diseased-related biological processes, today's life science tools are unable toeffectively measure, quantify, and determine the ultimate value of these biological markers. Sword Diagnostics' technology is directly aimed at making it easier to understand these newly emerging biomarkers, as well as extending the utility of existing diagnostics assays. | $1.6M | Series A | Oct 13, 2006 |  |

10 of 25 investments shown.

## Co-investors
- [Mid-Atlantic Venture Funds](https://shizune.co/investors/profile/mid-atlantic-venture-funds) — VC Fund, 3 deals together
- [Osage Venture Partners](https://shizune.co/investors/profile/osage-partners) — VC Fund, 3 deals together
- [U.S. Bancorp](https://shizune.co/investors/profile/u-s-bancorp) — VC Fund, 3 deals together
- [Ascend Venture Group](https://shizune.co/investors/profile/ascend-venture-group) — VC Fund, 2 deals together
- [Early Stage Partners](https://shizune.co/investors/profile/early-stage-partners) — VC Fund, 2 deals together
- [Jumpstart New Jersey Angel Network](https://shizune.co/investors/profile/jumpstart-new-jersey-angel-network) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [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 NJTC Venture Fund invest in?

NJTC Venture Fund invests primarily in Software, Health Care and Biotechnology startups, most often at Series B and Series A stage. Most of the 25 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 NJTC Venture Fund?

Public channels for NJTC Venture Fund 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 NJTC Venture Fund?

The team at NJTC Venture Fund includes Colleen Algayer (Office Manager), Jim Gunton (General Partner) and Joseph Falkenstein (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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co