No Images? Click here Friends, 2018 has been an eventful year for us thus far and we are very happy to share some of the developments at our firm and at our portfolio companies. We invested in nine companies this year, launched a new website, hosted numerous founder events, and were able to help numerous portfolio companies as they raised meaningful additional funding. We have also raised our first Opportunity Fund this year. This fund will invest in companies from our Streamlined Ventures seed portfolios as they raise their Series B and C rounds. We thank you for your continued support of Streamlined Ventures. We are looking forward to continuing to work with you in the future. New Investments from our Streamlined Ventures FundsOur current investment focus areas continue to be: (i) the application of Data Science and Component AI technologies; and (ii) the application of New Computing Models such as Quantum Computing, Blockchain Based Computing, Robotics, and AR/VR. We made nine initial seed investments from our current seed fund since the beginning of 2018. Listed below are some of these companies (one of which is still in stealth). In addition, we invested in 4 companies from our new Opportunity Fund - Rigetti Computing, Rescale, EasyPost, and Equidate. InstantLabs is building a layer for the internet optimized around speed. The company’s initial focus is on accelerating dynamic content for e-commerce. RoboSig is an AI software platform that specializes in generating high returns with limited capital risk exposure in the currency trading markets. Voyager has built a smart order router for the crypto market. They allow institutional customers to trade the most popular crypto assets on the market across multiple exchanges. Currnt is the world’s first knowledge network connecting experts and companies with a mission to drive the instant proliferation of knowledge and insights. PiggyBank is a cryptocurrency brokerage that enables users to set up daily contributions to their account which converts into ownership of a basket of the top 100 cryptocurrencies. PiggyBank manages the performance of the accounts through regular rebalancing. Mirror AI uses AI technology to enable users to easily turn a selfie into hundreds of personalized emojis that can be shared across any platform. Service has built a concierge system that sits on top of email inboxes detecting if there are disruptions to travel reservations. When there are changes or cancellations, their AI works to secure compensation for travelers. What’s new with our PortfolioIn the past 8 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 undisclosed and we will outline them in our next newsletter. DoorDash raises $250M Series D at a $4Bn valuation DoorDash is a food delivery service that empowers local businesses to generate new ways for people to earn, work, and live. Applovin invests $400M Series A at a $2.5Bn valuation AppLovin provides marketing automation and analytics for brands that want to reach new consumers through mobile channels. Rappi raises $220M Series C at a $1.12Bn valuation 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. Equidate is a marketplace that enables privately held companies to facilitate share transactions to accredited investors in an organized manner. Rescale works with companies in verticals such as engineering, aerospace, and physical sciences to help them move their legacy high-performance computing applications to the cloud. Avaamo is an AI-driven company specializing in conversational interfaces to solve specific high impact problems in the enterprise.
Other Streamlined Ventures NewsWe were proud to see our very own, Ullas Naik, selected by Forbes as one of the top 50 Angel Investors Based On Investment Volume And Successful Exits. |