# FreshTracks Capital: portfolio, investments and team

> FreshTracks Capital is a vc firm based in United States. 30 investments on record, latest Apr 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/freshtracks-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# FreshTracks Capital

Filed with the SEC to raise a fund in Dec 2023, closing $19M. Last cheque observed Apr 2015.

Email

VC firm Quiet Last fund $19M, Dec 2023

Pre-seed Seed Series A Advanced Manufacturing B2B Software Consumer Products

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 30 on record

Since the last cheque **4237** days **00** hrs **00** min **00** sec

Median round **$1.4M** Cheque size, as they say **$200K – $5.0M** Rounds led **0 of 30** Sole investor **9 rounds** Exits **7 from the portfolio** Mostly in **United States, 100%**

Pitch FreshTracks Capital

## FreshTracks Capital highlights

- 01 30 rounds on record
- 02 Mostly Seed and Series A: 65% of its rounds
- 03 Sole investor in 9 rounds, median $875K
- 04 7 exits from the portfolio

## What they do

> An early-stage venture capital firm focused on financing businesses in Vermont and surrounding regions From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $200K – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Advanced Manufacturing B2B Software Consumer Products
- **Based in:** Shelburne, United States
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **30 appearances**

- **2015** 1 round
- **Apr** **[Ello, Inc.](https://millionrounds.com/company/ello-inc)** Series B · US **$5.0M** With 2 others
- **2014** 8 rounds
- **Oct** **[Ello, Inc.](https://millionrounds.com/company/ello-inc)** Series A · US **$5.5M** With 2 others
- **Oct** **[Ello](https://millionrounds.com/company/ello)** Series A · US · Foundry Group **Undisclosed** With 2 others
- **Sept** **[Bridj](https://millionrounds.com/company/bridj)** Seed · US **$4.0M** With 4 others
- **Jun** **[Moscow Mills](https://millionrounds.com/company/moscow-mills)** US **$1.0M** Sole investor
- **May** **[Budnitz Bicycles](https://millionrounds.com/company/budnitz-bicycles)** Series A · US **$750K** Sole investor
- **Apr** **[SunCommon](https://millionrounds.com/company/suncommon)** Series B · US **$1.3M** Sole investor
- **Mar** **[Faraday](https://millionrounds.com/company/faraday)** Series A · US **$880K** With 3 others
- **Jan** **[Ello, Inc.](https://millionrounds.com/company/ello-inc)** Seed · US **$435K** Sole investor
- **2013** 1 round
- **Dec** **[GroupZoom](https://millionrounds.com/company/groupzoom)** Seed · US **Undisclosed** Sole investor
- **2012** 2 rounds
- **Sept** **[Sequel Industrial Products](https://millionrounds.com/company/sequel-industrial-products)** US **Undisclosed** Sole investor
- **May** **[BuysideFX](https://millionrounds.com/company/buysidefx)** Seed · US · angel.co **Undisclosed** With 3 others
- **2011** 3 rounds
- **Aug** **[NativeEnergy](https://millionrounds.com/company/nativeenergy)** US · s3.amazonaws.com **Undisclosed** With 1 other
- **Jun** **[Draker](https://millionrounds.com/company/draker)** Venture · US · finsmes.com **$3.0M** With 1 other
- **Apr** **[Kohort](https://millionrounds.com/company/kohort)** Seed · US · techcrunch.com **$3.0M** With 21 others
- **2009** 2 rounds
- **Dec** **[Solais Lighting](https://millionrounds.com/company/solais-lighting)** Venture · US **$2.1M** Sole investor
- **Apr** **[Patient Engagement Systems](https://millionrounds.com/company/patient-engagement-systems)** Seed · US **$500K** Sole investor
- **2008** 3 rounds
- **Aug** **[Draker](https://millionrounds.com/company/draker)** Series A · US · free-press-release.com **$1.0M** With 3 others
- **Apr** **[SolarOne Solutions](https://millionrounds.com/company/solarone-solutions)** Series B · US · altenergymag.com **Undisclosed** With 1 other
- **Apr** **[SolarOne Solutions](https://millionrounds.com/company/solarone-solutions)** Series A · US · earthtoys.com **$1.5M** With 1 other
- **2007** 3 rounds
- **Sept** **[NativeEnergy](https://millionrounds.com/company/nativeenergy)** Series A · US · freshtrackscap.com **Undisclosed** With 1 other
- **Jun** **[ISIS](https://millionrounds.com/company/isis)** Seed · US · s3.amazonaws.com **$400K** With 3 others
- **Jun** **[NEHP](https://millionrounds.com/company/nehp)** US **Undisclosed** Sole investor
- **2006** 3 rounds
- **Aug** **[Mophie](https://millionrounds.com/company/mophie)** Venture · US · vermontbiz.com **$1.0M** With 1 other
- **Jul** **[Quirky](https://millionrounds.com/company/quirky)** US **Undisclosed** With 5 others
- **Feb** **[Auterra](https://millionrounds.com/company/auterra)** US **Undisclosed** With 2 others
- **2005** 2 rounds
- **Oct** **[GetWellNetwork, Inc.](https://millionrounds.com/company/getwellnetwork-inc)** Series B · US · prnewswire.com **$9.0M** With 5 others
- **Oct** **[Vermont Teddy Bear](https://millionrounds.com/company/vermont-teddy-bear)** US · freshtrackscap.com **Undisclosed** With 1 other
- **2003** 1 round
- **Aug** **[Medical Metrx Solutions](https://millionrounds.com/company/medical-metrx-solutions)** Series B **$3.5M** With 8 others
- **2002** 1 round
- **Feb** **[EatingWell](https://millionrounds.com/company/eatingwell)** Seed · US **Undisclosed** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

CG **Cairn G. Cross** Executive Officer of Manager of General Partner i Filing they signed

LE **Lee E Bouyea** Executive Officer of Manager of General Partner i Filing they signed

LB **Lee Boyea** Executive Officer i Filing they signed

TJ **Thomas J. Whalen** Executive Officer of Manager of General Partner i Filing they signed

TC **Timothy C. David** Secretary i Form ADV

TD **Timothy Davis** Executive Officer of Manager of General Partner i Filing they signed

We also hold **10** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$44M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Addisonmanagement, Inc.
- **SEC number:** CRD 324234

## Exits from the portfolio

Companies it backed that were later bought or listed **7 in all**

**[Solais Lighting](https://millionrounds.com/company/solais-lighting)** Bought by PowerSecure International **Undisclosed** Apr 2013

**[GetWellNetwork, Inc.](https://millionrounds.com/company/getwellnetwork-inc)** Bought by [Welsh, Carson, Anderson & Stowe](https://millionrounds.com/fund/welsh-carson-anderson-and-stowe) **Undisclosed** Jan 2013

**[NEHP](https://millionrounds.com/company/nehp)** Bought by Sequel Industrial Products **Undisclosed** Jan 2012

**[EatingWell](https://millionrounds.com/company/eatingwell)** Bought by Meredith Corporation **Undisclosed** Jun 2011

**[ISIS](https://millionrounds.com/company/isis)** Bought by TravelPod **Undisclosed** Jan 2010

**[Mophie](https://millionrounds.com/company/mophie)** Bought by [Kluster](https://millionrounds.com/fund/kluster) **Undisclosed** Sept 2007

**[Medical Metrx Solutions](https://millionrounds.com/company/medical-metrx-solutions)** Bought by AIG Altaris Health Partners **$20M** Jan 2005

An exit counts when it came after the firm's first round in the company. From historical deal records.

Latest fund on file

**$19M**

raised in Dec 2023

From its SEC filing. Nothing newer is on file yet.

## The cheque

Pre-seed Seed Series A

Median round joined **$1.4M** the round, not its cheque Alone, median **$875K**

Led 0 of 30 rounds **0%**

- **Said size:** $200K – $5.0M
- **Sole investor:** 9 rounds
- **Last cheque:** Apr 2015
- **Exits:** 7 from the portfolio

Rounds by stage said on their site

- Seed said *8*
- Series A said *7*
- Series B said *5*
- Venture *3*
- Pre-seed said *-*
- Growth said *-*

Cheques by year Led Joined

2002 2015

Often in the room with

- [Village Ventures](https://millionrounds.com/fund/village-ventures) 7
- [Foundry Group](https://millionrounds.com/fund/foundry) 3
- [Atlas Venture](https://millionrounds.com/fund/atlas-venture) 2
- [Harbor Light Capital Partners](https://millionrounds.com/fund/harbor-light-captial-partners) 2
- [High Peaks Venture Partners](https://millionrounds.com/fund/high-peaks-venture-partners) 2
- [LaunchCapital](https://millionrounds.com/fund/launchcapital) 2

**Pitching FreshTracks Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as FreshTracks Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Village Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/village-ventures)[**Foundry Group** VC firm **3** rounds together](https://millionrounds.com/fund/foundry)[**Atlas Venture** VC firm **2** rounds together](https://millionrounds.com/fund/atlas-venture)[**Harbor Light Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/harbor-light-captial-partners)[**High Peaks Venture Partners** Investment bank **2** rounds together](https://millionrounds.com/fund/high-peaks-venture-partners)[**LaunchCapital** VC firm **2** rounds together](https://millionrounds.com/fund/launchcapital)[**Long River Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/long-river-ventures)[**RRE Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/rre-ventures)[**TSG Equity Partners** Private equity **2** rounds together](https://millionrounds.com/fund/tsg-equity-partner)

## Recently backed

The latest companies FreshTracks Capital put money into.

[**Ello** Oct 2014](https://millionrounds.com/company/ello)

## Quick answers about FreshTracks Capital

### What does FreshTracks Capital invest in?

FreshTracks Capital invests most often at Seed and Series A (65% of the rounds on record), in sectors such as Advanced Manufacturing, B2B Software and Consumer Products.

### How active is FreshTracks Capital?

30 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2015.

### What has FreshTracks Capital invested in recently?

Its most recent investments on record: Ello (Series A, Oct 2014).

### How big are FreshTracks Capital's cheques?

The median round it joins is $1.4M. It says it writes cheques of $200K to $5.0M.

### Does FreshTracks Capital lead rounds?

Rarely, if at all: none of its 30 investments on record names it as the lead.

### Where does FreshTracks Capital invest?

Most of the companies it backs are in the United States (100%).

### Is FreshTracks Capital investing now?

No investments in the last 12 months; the latest was in Apr 2015.

### Who does FreshTracks Capital invest alongside?

Most often Village Ventures (7 rounds together), Foundry Group (3 rounds together) and Atlas Venture (2 rounds together).

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