Friends, thank you for your continued support of Streamlined Ventures. We wanted to share with you some of the developments at our firm and portfolio companies. We invested in ten companies since the beginning of Q3, hired an additional team member on our investment team, and were able to help numerous portfolio companies raise meaningful additional funding. New Investments from our Streamlined Ventures FundsThe investment focus areas for our seed funds involve the transformation of vertical markets through the application of: (i) Data Science and Component AI technologies; and (ii) New Computing Models such as Quantum Computing, blockchain based computing, Robotics, and AR/VR. We made ten seed investments from our current seed fund since the beginning of Q3 2018. Listed below are some of the companies in which we have made new investments (a few of which are still in stealth mode and have not been announced). Bunch provides an engaging communication platform for casual gamers (similar to Discord, but for casual gaming). The company’s platform is already integrated into numerous gaming titles. Censia provides an AI-based platform for recruiters at medium to large-sized companies to find the best talent. The company builds mathematical models on all individuals and based on that, algorithmically finds the best candidates for a role for a company. Vital Reality is building a game development platform (like Unity) for Virtual Reality gaming. They will also develop some episodic VR gaming content that will be built using their platform. Gordian Bio is building a screening platform to radically increase the efficiency of therapeutic development for complex diseases of aging. Cocoon Cam is the only smart video baby monitor that tracks their safety and wellness through their breathing using computer vision and AI. The company’s technology extends to numerous other use cases. Drivably is building a one-click dealership inventory solution for the wholesale used car market. Calii is a marketplace that connects consumers directly to producers, offering 20-80% savings by cutting middlemen. Opportunity FundOur Opportunity Fund continues to invest in promising companies from our Seed Funds as they raise additional later stage funding. Recently, we invested in 3 companies from our latest Opportunity Fund - Concord, Grandata, and one of which that has not publically announced. We Are Growing!We have added a new team member to the Streamlined Ventures Team: Dan Rumennik. Dan joined Streamlined Ventures’ investment team last year. Prior to Streamlined, he focused on developing new business partnerships at Airbnb and Corporate Development at Toptal. Dan has also been an active angel investor over the last 5 years and established a fund backing student startups. What’s new with our PortfolioIn the past seven months, we have seen a lot of progress with many of our portfolio companies. A number of them raised meaningful follow-on rounds and are listed below. Some financings in the portfolio are as yet undisclosed and we will outline them in our next newsletter. DoorDash Raises $400M Series F DoorDash is a food delivery service that empowers local businesses to generate new ways for people to earn, work, and live. Forge Global increases Series B funding round to $85M Forge Global is a marketplace that enables privately held companies to facilitate share transactions to accredited investors in an organized manner. Concord Raises a $25M Series B Rappi is a Latin American on-demand delivery startup. They originally started the business delivering beverages and have since expanded into numerous product areas including meals, groceries, technology and medicine. PubNub Closes $23 Million Funding Round to Accelerate Global Adoption of its Data Stream Network PubNub offers real-time infrastructure-as-a-service and provides enterprise-grade security. Knotch provides real-time intelligence on branded content. Chronicled Raises $16M Series A Chronicled is an enterprise software company offering multi-company supply chain solutions using the blockchain and other technologies. SkyMind Raises $11.5M Series A Skymind is an AI platform that aims to make deep learning more accessible to enterprises. Noble.ai Raises a Second Seed Round Noble.AI is a software company focused on building tools that accelerate discovery in R&D. |