by RJ Shara | Sep 16, 2021 | Startups
SOSV this morning announced work on a $50 million HAX facility in Newark, New Jersey concentrated on growing industrial, health care and environment startups. The five-year development strategy uses $25 million from the New Jersey Economic Development Authority. The center is set to open in June of 2022, with an eye on early-stage U.S. companies working […] New Jersey no doubt has a vested interest in welcoming hardware start-ups with open arms.”Growing New Jersey’s development economy both develops high-quality jobs today and creates chances for exponential returns in the future,” NJEDA CEO Tim Sullivan stated in a release. 
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by RJ Shara | Aug 23, 2021 | Fundings and Exit
Lagos and Toronto-based mobility start-up Plentywaka has raised a $1.2 million seed round to scale its operations on the back of leaving the Techstars Toronto accelerator program last month. Canadian-based VC company The Xchange led the round, SOSV and Shock Ventures took part, while Techstars Toronto made a follow-on financial investment. Nigerian companies Argentil Capital Partners and […] In April this year, Isidore, fascinated by the pace at which Plentywaka was scaling, asked Akumah if his company had strategies to scale to Ghana. The Plentywaka CEO answered in the affirmative, revealing a timeline edging towards the end of the year. Some of Stabus’ (now Plentywaka Ghana) customers include multinationals like MTN and GB Foods. Travelers in Accra will start to utilize the service when Plentywaka Ghana goes live on September 16. Canadian-based VC company The Xchange led the round, SOSV and Shock Ventures got involved, while Techstars Toronto made a follow-on investment….
by RJ Shara | Jul 23, 2021 | Startups
‘In deep tech, it’s necessary to consider founder-investor fit. And what we indicate by this is comprehending why a financier is even in VC in the very first location.’ SOSV does not shy away from startups developing complex innovation, and due to the fact that of this, Wu and Winther are well positioned to advise on fundraising. When developing a deep tech startup, discover the best investor, they stated. And so we look at this fit as a Venn diagram in between founders who have a near maniacal devotion to wanting to resolve a core systemic issue and investors that flourish on the distinct risk profile that comes in deep tech. 
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by RJ Shara | Jul 15, 2021 | Startups
New funding improves Butlr’s capability to use real-time people-sensing technology beyond real estate and retail usages to keep an eye on falls and other motions for active senior citizens who are aging in location. “The sensing units can be utilized in any environment,” Deng said. By being able to transmit images in real time, Butlr is better able to detect stiff movements or habits that looks like falling. Incumbents are also relying on wearables or health bands, which have actually to be charged and can be troublesome to utilize in a senior care or house health environment. “There are so lots of uses for what Butlr’s innovation is doing, and many industries are coming after them to utilize it. 
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by RJ Shara | Jun 10, 2021 | Startups
Who’s purchasing innovation and startups that promise much better human and planetary health? Here’s a conclusive who’s-who of leading environment tech VCs, angels and more. What can founders find out from the list about climate tech financiers? In other words, who invested in the Environment Tech 100? There are clearly a lot of investors interested in climate tech, and many are generalists just evaluating the waters. For the Climate Tech 100, about 10% of investors put their cash in more than one start-up and only seven (less than 2%) composed a check to 4 or more. 
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by RJ Shara | Mar 19, 2021 | Startups
As indoor farming expands, a number of brand-new business are surfacing to offer better information and tracking tools for business targeted at improving performances and quality of indoor crops. Among these companies, the Copenhagen-based Nordetect, is entering the U.S. market with around $1.5 million in financing from federal government financial investment firms and standard […] The company’s innovation consists of an analyzer and a cartridge, a microfluidic chip that users can insert into their water tank to take a sample. The business was accepted into SOSV’s Hax accelerator in 2017 and the 2 first-time founders moved from Denmark to Shenzhen to start developing the business. By 2020, viewing the growth of vertical farming, the business took what had initially been a soil-monitoring tool and added water-quality monitoring functions to support indoor farming.”One of the fascinating things is when I think about the outdoor versus the indoor markets. There’s also the capital that has actually come in to fund indoor ag companies….
by RJ Shara | Feb 8, 2021 | Startups
Phable, a three-year-old health tech startup that is serving clients with chronic illnesses in India, has actually raised $12 million in a brand-new funding round as it seeks to scale in the world’s second most inhabited nation. Manipal Hospitals, among the biggest healthcare providers in India, led the Series A round in Phable. Existing investor […] Sinha said that even if a patient has purchased a machine from some other place, Phable’s app is suitable with the majority of gadgets. Phable today serves patients with endocrinology-related and cardiovascular chronic illness. It has currently served more than 220,000 plans and clients to deploy the fresh capital to scale the start-up to reach 5 million patients and 35,000 medical professionals by the end of the year. These doctors are utilizing the platform to remain much better connected with their existing clients and are not being paid by Phable. …
by RJ Shara | Dec 16, 2020 | Startups
Robotic dry cleansing start-up Presso today revealed that it has closed a $1.6 million pre-seed with investment from Pathbreaker, AME Cloud Ventures, SOSV, 1517 Fund and YETI Capital. The Atlanta-based startup has established a kiosk efficient in dry cleaning a garment in around 5 minutes. Focused on organization tourists, with strategies to set up machines [ …]…
by RJ Shara | Apr 2, 2020 | Fundings and Exit, Startups
As the worldwide economy grinds to a stop, every business sector has actually been impacted, including the linked worlds of startups and equity capital. But how much has really changed? You might think that nothing has altered at all if you check out VC Twitter. It’s not difficult to discover investors who say they are still cutting […]
How much has actually altered? If you check out VC Twitter, you might think that absolutely nothing has actually changed at all. The VCs who responded have not slowed their investing pace–. …
by RJ Shara | Mar 31, 2020 | Fundings and Exit, Startups
In December 2019, Additional Crunch spoke to a group of investors leading the charge in health tech to talk about where they saw one of the most opportunity in the area leading into 2020. At the time, respondents highlighted startups in digital therapies, telehealth and psychological health that were improving doctor efficiency or simplifying the circulation of […]…
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