Invests Additional $250,000 in Providence-Based Startup Datarista

Providence, R.I., February  25, 2019– The Slater Technology Fund today announced that its portfolio company Datarista has raised $835,000 in a new round of funding. The Providence-based startup has developed an innovative new software platform for the sales and marketing industry that simplifies data integration. Slater led the round with a $250,000 investment, bringing its total investment in the company to $1.1 million. Slater was joined in the round by existing investor Marker Hill Capital II and several new investors, including Beacon Angels.

As a part of the transaction, Victor Allis of the Beacon Angels, a successful entrepreneur in the Artificial Intelligence space, has joined the Board of Directors.  “I’m glad to be a part of Datarista’s growth stage” noted Victor. “I look forward to playing an active role with Pat and his team.”

Datarista’s software platform solves a major data management problem by enabling data providers to easily integrate into cloud-based customer relationship management (CRM) and marketing automation platforms. Since launching its platform last year, the company has signed over eight data customers, entering reseller partnerships touching thousands of corporate data consumers.  Datarista was recently named one of Rhode Island Inno’s “50 on Fire” innovators.

“Datarista continues its upward trajectory as Pat and his team focus on customer acquisition, marketing and product enhancements,” said Slater Managing Director Thorne Sparkman. “I am pleased to have an opportunity to work with the Beacon Angels to support the company to ensure its continued growth.”

About Slater Technology Fund

The Slater Technology Fund is an evergreen not-for-profit seed fund dedicated to supporting new venture development in Rhode Island. More than two decades ago, Slater launched a platform for seed-stage investing in Rhode Island; today, the organization remains the most active seed-stage investor in the state. Slater has invested in hundreds of technology ventures in the region, achieving multiple exits while also generating economic impact returns in the form of high-wage jobs.  For more information, visit www.slaterfund.com.

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For more information, contact:

Laura Nelson
SVM Public Relations
401.490.9700
laura.nelson@svmpr.com