The Ridget Spinner: Summer 2022 ☀️
Cool off with our easy, breezy Q2 recap
A glass of lemonade is nice, but nothing beats the heat like our freshly squeezed Summer Ridget Spinner.
It’s a challenging time for startups, but our companies and founders made the most of Q2. The Ridge investment team followed suit: we expanded our enterprise portfolio and added an incredible new Partner.
Scroll down for a scintillating summation of what we’ve been up to these past few months.
In May, we added Partner Akriti Dokania to The Ridge Familia. Previously a VC at Octopus Ventures, Akriti is an ex-founder whose background also spans product management and software engineering at companies like Microsoft and AWS.
Akriti’s greatest hits include investments in LifeScore (backed by Warner Music Group), vHive, and ThoughtRiver. She also helped exit companies such as UltraSoC (acquired by Siemens) and BehavioSec (acquired by LexisNexis).
Portfolio Fireworks: Arya Not Entertained?
Despite the industry-wide slowdown, we committed to three new investments last quarter. Arya, an agile compensation startup, is the first to be announced.
We’re thrilled to support Arya’s seed round as founder Kunal Sarda and team rewrite the playbook on how we value and reward people for work.
An acquisition, you say? That’s right. Congrats to Tempered co-founders Keith Beeman and Jeff Hussey on their successful sale to Johnson Controls. A nice win for the industry’s only native zero-trust platform.
Gold Stars & Blue Ribbons
Just like the Warriors, our SaaSational companies are busy restocking their trophy cases.
Sama (Data Annotation) and SafeGraph (Location Data) both landed on the CB Insights AI 100 list. Meanwhile, Fast Company’s World Changing Ideas recognized Bolt, Deduce, and Near Space Labs as honorable mentions.
Follow the Thought Leader
Gas prices keep climbing, but our investment team and founders continue to dish out free knowledge by the gallon.
Within our portfolio, Ontic’s Marisa Randazzo discussed threat assessment and prevention with PBS News hour and Bloomberg BusinessWeek. Zipline CEO Melissa Wong, for Forbes, dispelled five myths about the “death” of retail.
Everybody Get Together
Sure, we’re oenophiles, but we prefer a solid enterprise partnership over a wine-and-cheese pairing.
Fastly acquired popular developer platform Glitch. The acquisition “[brings] together two of the world’s best ecosystems for application development into a single, seamless developer experience.” We can toast to that!
(Heat) Waving Goodbye
Thanks for stopping by!
We hope the dog days of summer aren’t too ruff. And, as always, don’t forget to wear sunscreen.