FreshTracks Capital
Venture capitalShelburne · Pre-Seed–Late Stage · 5 people tracked
Also known as ADDISONMANAGEMENT, INC.
Investment thesis
FreshTracks Capital invests in early-stage businesses with a core focus on Vermont and surrounding regions. The firm looks for companies with the potential to build defensible competitive advantages and backs proven, high-performing management teams. Through multiple rounds and growth stages, it provides capital along with expertise, networks and resources to support innovative businesses. Its investments are made through a family of early-stage venture capital funds.
Source: firm website, verified Aug 7, 2026.
Team · 5 people
from the firm's website & public directories
What they invest in
from 15 of 46 portfolio companiesAdvanced Manufacturing ×9Healthtech ×4SaaS ×2AI & Machine Learning ×1Biotech ×1Climate Tech ×1Cybersecurity ×1Data & Infrastructure ×1
HQs:United States×19
Investments · 46 tracked
founders shown can be your intro pathBy year:2023 · 12018 · 12015 · 24 dated
Advanced ManufacturingBurlington, US
Thomas J. Whalen(Director)Cairn Cross(Director)Paul Budnitz(Founder)Jeremy Kent(Executive Officer, Director)
Board seatCairn Cross· per SEC Form D · $600K raise · filed Apr 2015
Stowe, US
Board seatLee Bouyea· per SEC Form D · $2.6M raise · filed Jun 2024
Burlington, US
John Skye Chalmers(Executive Officer, Director)Lee E. Bouyea(Director)
Board seatLee Bouyea· per SEC Form D
HealthtechBurlington, US
Henry Tufo(Director)Stanley Goldstein(Executive Officer, Director)Lee Bouyea(Director)Benjamin Littenberg(Executive Officer, Director)Michael MacCaskey(Executive Officer)
Board seatLee Bouyea· per SEC Form D · $500K raise · filed May 2015
Aprexis offers a platform for medication therapy management (MTM) and customizable clinical programs covering lifestyle medicine and disease management, using AI-driven patient stratification, a patient-facing mobile app, and EHR interoperability.
Digital HealthHealthtechSaaS
MICHAEL HOWE(Executive Officer)ROBERT SQUIRE(Director)
PartnerLee Bouyea· led
PartnerLee Bouyea· led
South Burlington, US
Michael Ryan McDevitt(Corporate Secretary Chief Technology Officer)Christopher Timchak(Director)James H Crook, Jr.(Director)Matthew Shea(Chief Product Officer)Wesley Grove(CEO President)Matthew McShea(Executive Officer)
PartnerLee Bouyea· led
Advanced ManufacturingAshland, US
Larry Burskin(Director)Deven Clemens(Director)Frederick Lee Schilling(Executive Officer, Director)Benjamin Brown Ripple(Executive Officer, Director)Arthur Pergament(Director)G. Scott Greenburg(Executive Officer)
Advanced ManufacturingNaugatuck, US
Soren Oberg(Director)Thomas Moffitt(President/CEO/Director/Founder)Brett Lauer(Director)Dimitri Pappas(Director)Michael Franchina(Executive Officer)Thomas Moffit(President/CEO/Director/Founder of Culture Fresh Foods, Inc.)
PartnerLee Bouyea· led
CybersecurityPortland, US
T. Andrew Rinaldi(Executive Officer, Director)Rob Simopoulos(Executive Officer, Director)
BoardNorman Mentz(Director)Joe Raczka(Director)Jerry King(Director)
PartnerLee Bouyea· led
Advanced ManufacturingBurlington, US
Adam Farmer(Executive Officer, Director, Promoter)Evan Metropoulos(Director)Bryan Cairns(Director)Thomas Moody(Director)William Hooker(Executive Officer)David J Farrell(Director)
Richmond, US
John A Kane(Director)John Broadmeadow(Director)Michele Asch(Director)James H Crook, Jr.(Director)Benjamin Kinnaman(Executive Officer, Director)
PartnerLee Bouyea· led
Advanced ManufacturingWeybridge, US
Adam Polonski(Director)Nora Ganley-Roper(Executive Officer, Director)
BoardMark Bathgate(Director)Jeff Quint(Director)Thomas J. Whalen(Director)
Mamava designs, engineers, and manufactures freestanding lactation pods for workplaces and public spaces, along with breastfeeding resources for employers and organizations and a free app that helps parents locate lactation spaces.
Advanced ManufacturingEnterprise SoftwareFemTechHardwareHealthtechWellness & FitnessBurlington, US
Christine Dodson(Co-founder & CEO)Brian Werneke(Director)Cairn Cross(Director)Sascha Mayer(Co-founder)Michael Jager(Director)
Raleigh, US
Philip Freeman(Executive Officer, Director, Promoter)Tanya Rhone(Director)Scott Ajac(Director)Jason Starr(Director)Laura Markley(Director)John Replogle(Director)
Native Energy helps organizations activate climate solutions and manage residual carbon emissions through validated climate action projects.
Climate TechImpact & Social Good
PartnerLee Bouyea· led
Advanced ManufacturingBurlington, US
Abbott Stark(Executive Officer, Director)Mark Rice(Executive Officer, Director)Alex Stark(Executive Officer, Director)
Resonant Link Medical develops wireless power transfer technology for implantable medical devices, enabling faster charging, extended range, and smaller device form factors.
BiotechDeep TechHealthtechMedical Devices
Omari Bouknight(Executive Officer, Director)Jeffrey Chu(Director)
PartnerLee Bouyea· led
PartnerLee Bouyea· led
Venice, US
Todd Smith(Executive Officer, Director)Justin Gelinas(Executive Officer, Director)
PartnerLee Bouyea· led
Burlington, US
Steve Bolze(Director)Richards Miller(President; Chief Executive Officer; Secretary; Director)Randall Headrick(Director)Jeff Waters(Director)Skylar Bagdon(Director)
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does FreshTracks Capital invest at?
- FreshTracks Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Late Stage stages.
- What is FreshTracks Capital's typical check size?
- FreshTracks Capital typically writes checks of $600K – $2M.
- What sectors does FreshTracks Capital focus on?
- FreshTracks Capital focuses on Advanced Manufacturing, Cleantech, Consumer, Energy, Healthtech, Sector Agnostic, Wellness & Fitness.
- Where is FreshTracks Capital located?
- FreshTracks Capital is headquartered in Shelburne, US.
- Does FreshTracks Capital lead rounds?
- Yes, FreshTracks Capital leads investment rounds.
Images
Co-investors · 7
Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.
FJ Labs is a venture capital firm specializing in marketplaces and network-effect businesses, having built a large portfolio of marketplace startups with over 30 becoming unicorns.
BoxGroup is an early-stage venture capital firm that invests in startups at their earliest stages.
Lerer Hippeau is an early-stage venture capital firm that backs founders across sectors, emphasizing investing in companies before they gain wider recognition.
Outlander VC is an early-stage venture firm that has spent two decades backing founders, focusing on the founder's vision, character, and execution to identify and fund future unicorns before revenue or product.
Point72 Ventures is a venture capital firm that backs founders across sectors, providing insight, industry expertise, and network support. Since 2016 it has invested in more than 130 companies.
Elephant is a venture capital firm that invests in fast-growing, capital-efficient technology companies.
Firms observed investing alongside FreshTracks Capital, from public investor directories. Shared companies are the overlap with FreshTracks Capital's recorded portfolio.
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