Tech Council Ventures

Tech Council Ventures is an early-stage venture capital firm based in Summit, New Jersey that invests Seed and Series A financing into the Mid-Atlantic region's most promising growth technology companies. Originally founded in 2001 as the NJTC Venture Fund, it rebranded to Tech Council Ventures in 2016 and operates as the venture arm of TechUnited:NJ, formerly the NJ Technology Council, one of the largest and most active technology councils in the United States with more than 500,000 innovator members. That affiliation is the firm's core differentiator: portfolio companies gain access to an unmatched network of customers, key team recruits, business partners and service providers. With roughly $175M in assets under management across eight funds and five decades of collective team experience, the firm writes checks of $500K to $3M into startups spanning technology, enterprise software, biotech, life sciences, healthcare, media, telecom, cleantech and edtech, and it is willing to lead rounds. Its investment team is led by Managing Partner and Founder Jim Gunton, a 20-plus-year investor formerly with Edison Venture Fund and Oracle, alongside Managing Partner Steve Socolof and Partner Mark Kolb, a healthcare entrepreneur and former CEO of Bergen Medical Products. Tech Council Ventures has made roughly 59 investments with four exits, including notable holdings such as Achieve3000, Amber Road, CytoSorbents, InstaMed and IntegriChain. The firm is currently deploying its third fund; its most recent investment was participation in PolyGone Systems' $4M Seed round in February 2026. By tying its capital to one of the country's largest technology-council networks, the firm backs Mid-Atlantic founders.