SOSV Monthly: Climate Tech 100 🌎, Unexpected Biotech, and more
Dear friends of SOSV,
The big excitement this past month was our launch of the SOSV Climate Tech 100, a list of SOSV’s top companies addressing climate. They are graduates of SOSV’s IndieBio, HAX and Chinaccelerator programs, and the list was a big eye-opener in the VC and climate tech worlds. TechCrunch called out the financial stats: SOSV has invested $89 million in the 100 and the companies have raised $2 billion in total for a current valuation of close to $6 billion — a number that is growing fast.
Read on for more highlights from the end of April and beginning of May. Stay well, everyone.
SOSV Portfolio Highlights
Upside Foods (IndieBio alum formerly known as Memphis Meats) received backing from Whole Foods founder John Mackey. Read more…
Formlabs raised $150M in Softbank-led funding to make hardware, software and materials that companies use to print digital objects in three dimensions. Read more…
Mori (Food-X) raised $16M for a silk-based food protection solution that keeps produce fresh and reduces packaging waste. Read more…
Ignatica (Chinaccelerator) raised $7M for a platform that lets insurers service customers digitally. Read more…
viaBot (HAX) raised $6.1M for robots-as-a-service (RAAS) to help facility and property management keep campuses clean. Read more…
Impact Biosystems (HAX) raised $4.5M for active recovery solutions that track users’ muscle profile and respond in real time to stimulate the recovery process. Read more…
The Last Gameboard (HAX) raised $4M to ship its digital tabletop gaming platform. Read more…
NERv Technology (HAX) raised $2.65M for sensory technology to help physicians prevent post-operative infections. Read more…
Unbox Robotics (HAX) raised $1.2M to automate logistics and reduce warehouse space by up to 70%. Read more…
Atato (MOX) raised $1M to develop tailor-made blockchain platforms for businesses. Read more…
Bounty Media (MOX) raised $415k to offer a “zero-party” data platform for brands to provide premium content and incentives to their target audiences. Read more…
Pheronym (IndieBio) raised $242k for biological pest management. Read more…
Tesseract (dlab) partnered with Ergo to allow Ergonauts to safely store their ERG tokens with the world’s most secure hardware wallet. Read more…
Kiko TV (MOX) raised pre-series A funding for its livestreaming social ecommerce platform. Read more…
Clara Foods (IndieBio) partnered with ZX Ventures, the innovation arm of massive brewer AB InBev, to make animal-free egg proteins on an industrial scale. Read more…
Media Highlights
Behind the Numbers at SOSV’s Climate Tech 100 • We’ve answered a few questions about the SOSV Climate Tech 100, specifically around follow-on investors, climate tech categories, and the distribution of our founders by geography, gender, and training.
Unexpected Biotech: Innovative Technologies Emerging from New York Life Sciences • IndieBio New York produced a great event to showcase the many sectors in which biology can be turned into technology. 315 people were in attendance and speakers included Nancy Thornberry, Suzanne Lee, Eben Bayer, Stuart Wilkinson, Dan Altschuler Malek, Lauren Rodriguez, and others. To watch the entire event, click here. Below are some highlights:
- Food Tech Futures: What’s Next for Biotech?
- Busting Top Manufacturing Myths at Unexpected Biotech
- Sustaining Biomaterials Growth in New York
What’s in a name? • Uma Valeti, MD • IndieBio alum Memphis Meats re-branded to Upside Foods and is ready to bring cell-cultured chicken to market once they gain regulatory approval.
Meet the 30 Under 30 Asia Class of 2021 • Forbes • Congrats to the SOSV founders who made this list: Asia Zhang Chaohui from Youibot Robotics (HAX) and Muhammad Owais Qureshi and Zohaib Ali from Dastgyr Technologies (MOX).
You Don’t Need Cows to Make Leather • VICE • IndieBio alum MycoWorks was featured in a video produced by Levis which explains the fascinating process of how “leather” is produced from mycelium and the environmental benefits of the process.
Upcoming SOSV Events
Microbe Solutions for Human Health • June 1st • Meet IndieBio companies with science-backed microbiome products solving major problems of oral and skin health.
Chinaccelerator Batch 19 Demo Day Livestream • June 2nd • Join Asia’s leading venture capital firms and investors at an exclusive Demo Day featuring Chinaccelerator’s Batch 19 startups who are leading the next wave of developments in FemTech, SaaS, Martech, creator economy, PropTech, Computer Vision, blockchain, and more!
Creating a Sustainable Future with Biology • June 8th • Meet four IndieBio founders who are bringing critical technologies in sustainability to market.
Improving Human Health At All Life Stages • June 15th • Meet startup founders creating solutions to human health across different stages: from infant wellness to increasing the human healthspan.
IndieBio New York Demo Day 2021 • June 22nd • Meet IndieBio New York Class Two as they demo the progress made and milestones reached over the past four months.
IndieBio San Francisco Demo Day 2021 • July 15th • Save the date! IndieBio SF’s Demo Day will be July 15th. We’re collecting registrations early as we know the details.
Other Upcoming Events
Future Food-Tech Alternative Proteins Virtual Summit • June 22nd — 23rd • Hear from Sean O’Sullivan on a panel about VC and the future of protein, along with several founders including Uma Valeti of Upside Foods, Ryan Pandya of Perfect Day, Matias Muchnik NotCo, and Matt Gibson of New Culture at this important event about exciting innovations in the protein sector. Register now and use the code SOSV10 to get a 10% discount on tickets.
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