Shelburne · Pre-Seed–Late Stage · 7 people tracked
Also known as ADDISONMANAGEMENT, INC.
Find your way into FreshTracks Capital
1,724 people in our graph share verified history with the FreshTracks Capital team — schools, employers, funds. One of them is your warm intro.
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 Sep 15, 2026.
Team · 7 people
from the firm's website & public directories
What they invest in
from 31 of 55 portfolio companiesAdvanced Manufacturing ×11SaaS ×7Healthtech ×5AI & Machine Learning ×4Cleantech ×4Climate Tech ×4Consumer ×4Energy ×4
HQs:United States×33Indonesia×1
Who they back
founder profiles across 21 portfolio companiesFounding team size:solo founder×142 founders×53 founders×2
Where their founders studiedfrom 15 founders with education data
Middlebury College ×2University of Vermont ×2
What their founders studiedfrom 14 founders with field-of-study data
Business & Management ×3Mathematics & Statistics ×2Physics ×2
Where their founders worked beforefrom 15 founders with career history
Brighter Planet ×2Lost Lantern Spirits ×2
Investments · 55 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 22024 · 32023 · 32022 · 22018 · 12017 · 12016 · 12015 · 32014 · 12011 · 12008 · 120 dated
Advanced ManufacturingBurlington, US
Paul Budnitz(Founder)Nicholas Callaway(Founder)Jeremy Kent(Executive Officer, Director)
BoardThomas J. Whalen(Director)inCairn Cross(Director)in
Board seatCairn G. Cross· per SEC Form D · $600K raise · filed Apr 2015
DataBlend provides a data integration platform that connects financial ERP and corporate performance management applications via APIs, automating manual data movement and reporting for finance and accounting teams.
Data & InfrastructureFintechSaaSStowe, US
Ethan Carlson(Founder & Chief Product Officer)inLouis J. LaRocca(Director)David Furth(Executive Officer, Director, Promoter)in
BoardLee E. Bouyea(Director)in
Board seatLee Bouyea· per SEC Form D
Co-investorsDudley FundBigfoot CapitalFreshTracks Green Mountain
Canto (formerly Image Relay) offers a digital asset management platform combined with product information management, letting product-driven brands organize product images, descriptions, and specs alongside their digital assets.
Enterprise SoftwareMarketing TechSaaSBurlington, US
Skye Chalmers(Founder)inJohn Skye Chalmers(Executive Officer, Director)
BoardLee E. Bouyea(Director)in
Board seatLee Bouyea· per SEC Form D
Co-investorsSaaS CapitalAudeo Capital
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 HealthHealthtechSaaSMontpelier, US
MICHAEL HOWE(Executive Officer)
BoardROBERT SQUIRE(Director)
PartnerLee Bouyea· led
Co-investorsCORI InnovationFeatures Capital HoldingsVermont Center for Emerging Technologies (VCET)
AskFora is a text-based platform that connects young professionals to discuss career challenges and team dynamics.
AI & Machine LearningFuture of WorkHR TechSaaSSocial
Co-investorsGlasswing VenturesKoa LabsPerkins Cove Partners
South Burlington, US
Michael Ryan McDevitt(Corporate Secretary Chief Technology Officer)Matthew Shea(Chief Product Officer)inWesley Grove(CEO President)inMatthew McShea(Executive Officer)
BoardChristopher Timchak(Director)James H Crook, Jr.(Director)
PartnerLee Bouyea· led
Co-investorsCreative Destruction Lab (CDL)Kluz VenturesLaunchCapitalVermont Center for Emerging Technologies (VCET)FreshTracks Green Mountain
Big Tree Farms, founded in Bali in 2003, produces organic pantry staples such as coconut blossom nectar-based sauces and sweeteners made through regenerative agriculture.
Advanced ManufacturingAgTechFoodTechImpact & Social GoodBali, ID
Frederick Lee Schilling(Executive Officer, Director)Benjamin Brown Ripple(Executive Officer, Director)Larry Burskin(Director)Deven Clemens(Director)Arthur Pergament(Director)G. Scott Greenburg(Executive Officer)
Co-investorsPatamar CapitalWhite Road InvestmentsMirova
Caledonia Spirits is a craft distillery that produces spirits using Vermont-grown ingredients and regenerative agriculture practices, focusing on reconnecting agricultural heritage with cocktail culture.
Advanced ManufacturingConsumerFoodTechHardwick, US
Ryan Christiansen(Founder and Head Distiller)in
BoardAminta Conant(Director)
Co-investorsDudley Fund
Connecticut manufacturer of cultured dairy and plant-based dairy alternatives, producing private label, co-packed and own-brand products.
Advanced ManufacturingNaugatuck, US
Thomas Moffitt(President/CEO/Director/Founder)inThomas Moffit(President/CEO/Director/Founder of Culture Fresh Foods, Inc.)Michael Franchina(Executive Officer)
BoardSoren Oberg(Director)Brett Lauer(Director)Dimitri Pappas(Director)
Co-investorsCEI Ventures
Defendify provides an all-in-one, multi-layered cybersecurity platform combining tools, modules, and expert support to give organizations ongoing protection.
CybersecurityEnterprise SoftwareSaaSPortland, US
T. Andrew Rinaldi(Executive Officer, Director)inRob Simopoulos(Co-Founder)inAndrew(Co-Founder)Jim(Chief Marketing Officer)Heather(Chief of Staff)
BoardNorman Mentz(Director)
PartnerLee Bouyea· led
Co-investorsCEI VenturesThe Alchemy FundMaine Venture FundWasabi VenturesYork IE
Provider of monitoring solutions for commercial and utility-scale photovoltaic solar systems (acquired by BlueNRGY).
Burlington, US
Charles Curtis(Executive Officer, Director, Promoter)Debra Royce(Executive Officer, Promoter)
BoardEverett McGinley(Director)Todd Warden(Director)Richard Wirt(Director)Clark Jernigan(Director)
Co-investorsHarbor Light Capital Partners
Faraday provides predictive analytics to help businesses optimize lead prioritization, routing, and engagement by identifying high-conversion prospects and filtering low-quality leads.
AdTechAI & Machine LearningData & InfrastructureMarketing TechSales TechBurlington, US
Andy Rossmeissl(CEO)inRobbie Adler(Chief Strategy Officer)inSeamus Abshere(Chief Technology Officer (and CISO))in
Co-investorsLaunchCapital
Faraday builds AI-powered software that predicts customer behavior for businesses, aiming to make customer experiences predictive.
AI & Machine LearningData & InfrastructureMarketing TechSaaSBurlington, US
Andy Rossmeissl(Founder)in
Co-investorsVermont Center for Emerging Technologies (VCET)
Filabot manufactures filament extrusion and recycling equipment for converting plastic materials into 3D printer filament and pellets.
Advanced ManufacturingCircular EconomyHardwareVermont, US
Tyler McNaney(Founder)in
Glavel produces foamed glass aggregate, a lightweight building material made from recycled glass that provides structural compressive strength, insulation, and drainage in a single product, replacing foam insulation, crushed stone, and lightweight fill.
Advanced ManufacturingCircular EconomyConstruction TechNew MaterialsBurlington, US
Robert Conboy(Executive Officer)
Richmond, US
Benjamin Kinnaman(Executive Officer, Director)
BoardJohn A Kane(Director)John Broadmeadow(Director)Michele Asch(Director)James H Crook, Jr.(Director)
Advanced ManufacturingWeybridge, US
Adam Polonski(Director)inNora Ganley-Roper(Executive Officer, Director)in
BoardMark Bathgate(Director)Jeff Quint(Director)Thomas J. Whalen(Director)in
Co-investorsDudley FundVermont Center for Emerging Technologies (VCET)
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)inSascha Mayer(Co-founder)inBrian Werneke(Director)Michael Jager(Director)
BoardCairn Cross(Director)in
Co-investorsVermont Center for Emerging Technologies (VCET)FreshTracks Green Mountain
Murphy's Naturals makes natural insect-repellent and outdoor products designed to help people enjoy time outside without bug bites.
ConsumerDirect to ConsumerImpact & Social GoodWellness & FitnessRaleigh, US
Philip Freeman(Founder)inTanya Rhone(Director)Scott Ajac(Director)Jason Starr(Director)inLaura Markley(Director)John Replogle(Director)
Co-investorsECP GrowthPoint King Capital
Native Energy helps organizations activate climate solutions and manage residual carbon emissions through validated climate action projects.
Climate TechEnergyImpact & Social GoodBurlington, US
Thomas C Stoddard(Executive Officer, Director)Jeffery W Bernicke(Executive Officer, Director)
BoardD. Chandler Jones(Director)Cairn Cross(Director)inSteven Massicotte(Director)Robert Gough(Director)
Co-investorsCEI Ventures
Ogee is a Vermont-based clean beauty brand selling certified-organic, jojoba-oil-based makeup and skincare.
Advanced ManufacturingBurlington, US
Abbott Stark(Executive Officer, Director)inAlex Stark(Executive Officer, Director)inMark Rice(Executive Officer, Director)in
Co-investorsCEI Ventures
Resonant Link Inc. developed wireless power technology and is no longer operating as an active business, now managing and licensing its patent portfolio for non-medical wireless power.
Deep TechEnergyHardwareMedical DevicesShelburne, US
Grayson Zulauf(Chief Executive Officer, co-founder)Phyo Aung Kyaw, PhD(Chief Science Officer, co-founder)Charles Sullivan(Co-founder)inAaron Stein(Chief Technology Officer, co-founder)in
BoardOrin Hoffman(Director)Shilpi Kumar(Director)in
Co-investorsISVWIND VenturesScout VenturesThe Engine VenturesThird Sphere
Resonant Link Medical develops wireless power and data transfer technology for implantable medical devices, enabling smaller, rechargeable, or battery-free implants.
HardwareHealthtechMedical DevicesSouth Burlington, US
Omari Bouknight(Executive Officer, Director)in
BoardJeffrey Chu(Director)
PartnerLee Bouyea· led
Co-investorsACADEMY INVESTORAIN VenturesFeatures Capital HoldingsKaleida CapitalScout VenturesScout Ventures+1 more
Co-investorsSilversmith Capital PartnersTensility Venture Partners
The Farmer Companies is a CPG (consumer packaged goods) professional firm that develops and builds brands for partners and their consumers.
ConsumerDirect to ConsumerFoodTech
Adam Farmer(Founder & Chairman)
Co-investorsDudley FundVermont Center for Emerging Technologies (VCET)
ThinkMD provides scientifically validated digital health technology in a mobile platform that works offline or online, using machine learning to assess clinical data, score patient risk against hundreds of diseases, and recommend treatment.
AI & Machine LearningDigital HealthHealthtechCharlotte, US
Barry Finette(Executive Officer, Director)inChristopher Marr(Chief Executive Officer)inJackie Rabec(Chief Product Officer)inRodney Davis(Chief Commercial Officer)inWesley Loh(Chief Technology Officer)inAqil Jeenah(Chief of Staff)in
Co-investorsMulago FoundationSave the Children Global VenturesVerge HealthTech Fund
Verde Technologies develops ultra-thin, flexible perovskite solar cells using roll-to-roll manufacturing, offering high power-to-mass and radiation tolerance for space and defense power applications, with future terrestrial uses.
CleantechNew MaterialsSpace TechBurlington, US
Chad Miller(Co-founder & CTO)inRichards Miller(President; Chief Executive Officer; Secretary; Director)inJean-Noël Poirier(CEO)inRandall Headrick(Director)Skylar Bagdon(Director)
BoardSteve Bolze(Director)
Co-investorsThe Alchemy FundVermont Center for Emerging Technologies (VCET)
Verde Technologies develops ultra-thin, flexible perovskite solar cells using roll-to-roll manufacturing, offering high power-to-mass and radiation tolerance for space and defense markets, with future terrestrial applications.
CleantechNew MaterialsSpace Tech
Chad Miller(Co-founder & CTO)inJean-Noël Poirier(CEO)in
Co-investorsCORI InnovationThe Alchemy FundVermont Center for Emerging Technologies (VCET)
Vermont Nut Free sells jelly beans and other confectionery products without tree nut ingredients.
ConsumerDirect to ConsumerFoodTechGrand Isle, US
Virtual Peaker provides a cloud-based SaaS platform for utilities to launch and manage demand response and distributed energy resource (DER) programs, using AI and real-time control to enroll, dispatch, and shape residential, commercial, and industrial loads.
CleantechClimate TechEnergyIoTSaaSLouisville, US
William J. Burke(Executive Officer, Director)in
BoardHunter Horgan(Director)inMark Boyer(Director)Timothy Volk(Director)Krista Drescher-Burke(Director)
Co-investorsBluegrass Angel VentureSkyview VenturesGreensoil PropTech VenturesVeriten
ZymoChem develops bio-based materials using proprietary Carbon Conserving (C2) microbes that convert renewable feedstocks into high-value materials with increased yields.
BiotechCircular EconomyClimate TechNew MaterialsSan Leandro, US
Harshal Chokhawala(Founder & CEO)in
Co-investorsAccelr8Breakout LabsBreakout VenturesCavallo VenturesDudley FundPrime Partners+7 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
VermedxAcceleronCritical Process SystemsDealerPolicyEatingWell Media GroupFarmer CompaniesGetWell NetworkGroupSpotHorse NetworkIXISM2S Fka Medical MetrxMassive DimensionMedical Metrx SolutionsNEHPPollyQuorum Data Inc.SAC Inc.SolaisSports Innovation LabTAHOWastedWww Aprexis ComZero Gravity
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.
Exits · 1
1 acquisitionsDrakeracq. by BlueNRGY
Portfolio news
latest coverage across their companies
Think Md · news.harisq.com · Aug 15, 2026
Faraday · stocktitan.net · Aug 5, 2026
Farmer Companies · pulse2.com · Aug 2, 2026
The Farmer Companies · pulse2.com · Aug 2, 2026
Mamava · femtechinsider.com · Apr 7, 2026
Lost Lantern · fredminnick.com · Feb 16, 2026
Big Tree Farms · nosh.com · Jan 19, 2026
Frequently asked questions
- How many investments has FreshTracks Capital made?
- FreshTracks Capital has 55 tracked investments, 1 of which have exited, including 4 dated in the last 24 months.
- 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.
- Who does FreshTracks Capital co-invest with?
- FreshTracks Capital most often shares deals with Vermont Center for Emerging Technologies (VCET), Dudley Fund, CEI Ventures, among 27 tracked co-investors.
From the blog
visit blog ↗FreshTracks Capital's recent newsletters share updates on portfolio companies and events, including Glavel, Lost Lantern, Benchmark Space Systems, Mamava, Resonant Link Medical, and the Peak Pitch 2026 event. AI summary
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 an early-stage investment firm specializing in marketplaces and network-effect businesses, taking an angel-style co-investment approach alongside institutional venture funds worldwide.
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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