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Emerald Development Managers

Venture capital

New York · Seed–Late Stage · 11 people tracked

Also known as EMERALD DEVELOPMENT MANAGERS LP

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Investment thesis

Emerald invests in exceptional scientific and engineering teams solving real-world problems, partnering with entrepreneurs who can identify trends and build technical solutions. The firm takes a long-term view, providing not only capital but also expertise and hands-on involvement to help emerging companies mature. It focuses on guiding early-stage founders along a strategic path toward profitability, expanding market share, and sustained growth. Its portfolio spans deep science and engineering areas including cybersecurity, biotechnology, clean energy and decarbonization, healthtech, quantum technology, and industrial systems.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
HQ
New York, MD, US
Instruments
Equity
Founded
1994
Private fund assets
$190.7M
VC funds
7
Tracked investments
30

Team · 11 people

from the firm's website & public directories
Stephen Case· Managing Director

What they invest in

from 16 of 30 portfolio companies

Biotech ×7AI & Machine Learning ×5Cybersecurity ×4Enterprise Software ×3Healthtech ×3Medical Devices ×3Digital Health ×2Energy ×2

HQs:United States×6

Investments · 30 tracked

founders shown can be your intro path

By year:2020 · 12018 · 12 dated

Americanrocksaltamericanrocksalt.com
Axis Securityaxissecurity.com
Babson Diagnostics
Babsondxbabsondx.com
Baton
Capital Rx
Cybsafecybsafe.com

CybSafe hosts IMPACT, an annual research-focused event examining human factors in cybersecurity.

AI & Machine LearningCybersecurityEnterprise Software

Cywarecyware.comin𝕏

Cyware provides AI-powered threat intelligence management platform that helps organizations detect, investigate, and respond to security threats.

AI & Machine LearningCybersecurityEnterprise Software

Etchmaterialsetchmaterials.com

ETCH develops a patented thermochemical process that converts natural gas (methane) into hydrogen and solid carbon without producing CO2, using earth-abundant minerals.

CleantechEnergyNew Materials

Evolvedbynatureevolvedbynature.com

Evolved by Nature develops bio-based molecules through its Activated Silk biotechnology platform, derived from natural silk protein, to protect and enhance surfaces.

BiotechClimate TechNew Materials

Greensightaggreensightag.comin𝕏

GreenSight develops robotics, analytics, and automation products, including drone-based solutions and applications for turf management.

AgTechEdTechRobotics

Hexem Biohexemb.ioin
Intellihotintellihot.com
Judijudi.healthin

Judi Health provides technology for pharmacy and medical benefit administration, including a pass-through pharmacy benefit manager (Judi Rx), unified health benefit administration, and an enterprise health platform (Judi) for managing claims, benefits, and operations.

Digital HealthHealthtechSaaS

Judi Health

Enterprise health technology company providing a suite of solutions for employers and health plans.

Lifesproutbiolifesproutbio.comFeb 2018

LifeSprout develops tissue-engineering products for aesthetic and regenerative medicine, designed to restore soft tissue losses caused by aging, cancer, and metabolic disease.

BiotechHealthtechMedical Devices

Hai-Quan Mao(Executive Officer, Promoter)Sashank Reddy(Executive Officer, Director, Promoter)Gregory Sieczkiewicz(Executive Officer, Director, Promoter)

Prosciaproscia.comin𝕏

Proscia provides a digital pathology software platform that converts glass microscope slides into high-resolution digital images for viewing, management, and analysis by pathologists and research teams.

AI & Machine LearningBiotechHealthtechMedical Devices

Tom Loftus(Director)Robert Epstein(Director)David West, Sr.(Executive Officer, Director)David West, Jr.(Executive Officer, Director)

BoardAlex Niehenke(Director)

Randompowerrandompower.eu

Random Power develops a quantum random number generator (QRNG) based on the quantum properties of semiconductors, producing true randomness for cryptographic key generation.

CybersecurityQuantum ComputingSemiconductors

SafeBreach Attack Simulation Platformsafebreach.comin𝕏

Cybersecurity company providing automated breach and attack simulation solutions to enterprise customers.

Socuresocure.com

Socure provides an AI-driven platform for digital identity verification, fraud prevention, and risk decisioning, serving enterprises and government agencies across financial services, gaming, healthcare, e-commerce, and other sectors.

AI & Machine LearningCybersecurityFintechNew York, US

John F. Frankel(Director)Sunil Madhu(Executive Officer, Director)Alessandro Piol(Director)Pavlo Protopapa(Director)John Ayers(Executive Officer, Director)

Sunflower Therapeutics

Biotechnology company delivering next-generation protein manufacturing solutions.

Sunflowertxsunflowertx.comin

Sunflower Therapeutics is a biotechnology company that builds automated, continuous single-use microbial bioprocessing systems using yeast host organisms to manufacture proteins.

BiotechFoodTechHardware

Sustained Nano Systems
TBT PharmaDec 2020

BiotechBaltimore, US

Neil Cohen(Director)Ian Tolfree(Executive Officer, Director, Promoter)Steve Girgenti(Director)

Torigen Pharmaceuticalstorigen.com

BiotechFarmington, US

Ashley Kalinauskas(Executive Officer)Mark Suckow(Executive Officer, Director)Brad Poff(Executive Officer)Terry Dew(Executive Officer)

Transcend Therapeuticstranscendtherapeutics.comin

Transcend Therapeutics develops rapid-acting pharmaceutical treatments for neuropsychiatric diseases, including PTSD and depression, targeting patients unresponsive to current psychiatric medications.

BiotechDigital HealthMedical DevicesMental Health

Blake Mandell(Cofounder)

TrueFort
Unasoftwareunasoftware.comin

Una provides AI-native financial planning and analysis software for finance teams, combining revenue intelligence, continuous reforecasting, and execution tracking in a single platform.

AI & Machine LearningEnterprise SoftwareFintech

Uviquityin

Raleigh, US

M. SCOTT BURROUGHS(Executive Officer, Director, Promoter)RUSSELL P. KANJORSKI(Executive Officer, Director, Promoter)

BoardCY SCHROEDER(Director)

Watt Fuel Cellin𝕏

EnergyMt. Pleasant, US

Michael Joyce(Director)Travis Bradford(Executive Officer, Director)Roberto Sella(Director)Caine Finnerty(Executive Officer, Director)Rocco Trotta(Director)Larry Hiler(Director)

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Emerald Development Managers invest at?
Emerald Development Managers invests at the Seed, Series A, Late Stage stages.
What sectors does Emerald Development Managers focus on?
Emerald Development Managers focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Cybersecurity, Deep Tech, Energy, Enterprise Software, Healthtech, Quantum Computing, SaaS.
Where is Emerald Development Managers located?
Emerald Development Managers is headquartered in New York, US.

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Co-investors · 1

Staircase Ventures

Staircase Ventures is a seed-stage venture firm that leads rounds into high-potential Canadian tech companies, focusing on accelerating founder development and performance.

$1M – $2M

Firms observed investing alongside Emerald Development Managers, from public investor directories. Shared companies are the overlap with Emerald Development Managers's recorded portfolio.

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