We invested in Metacert earlier this year along side TiE Angels and Sierra Angels, in a round led by Moneta Ventures.
Whether it’s a mobile app or an loT device, if it communicates over http, the MetaCert Security API can add a thin but very powerful layer of security to help protect consumers from malicious attacks over the Internet.
MetaCert’s patent-pending Security API checks the reputation of http requests in real time, warning consumers of potential threats before allowing known malicious web pages (or other resources) from loading inside the app. MetaCert also offers a content-based filtering service for developers that want to block pornography inside their apps.
Aperia, who we invested in during 2011, has raised a new round of $16M. The funding was co-led by Municipal Employee Retirement System (MERS) of Michigan and eLab Ventures. eLab Ventures has a strong focus on transportation and mobility. Aperia markets a revolutionary automatic tire inflation system for trucks & trailers that bolts-on in minutes. It provides increased fuel efficiency & extended tire life. Funds will be used primarily to invest in sales and marketing infrastructure and expansion of customer support operations in response to continued customer adoption across industry segments. You can see the press release here.
The company’s first product is the patented and award winning Revolights bike lighting system. It consists of “smart” rings of LEDs which attach to a bike’s wheels and synchronize to the bike’s speed to provide: forward path illumination, an actual brake light (it blinks when you decelerate), and a huge increase in bright 360-degree visibility. That is a key bike safety differentiator. The addressable market in the USA and EU is estimated to be ~$1,500M+
Today Marrone Bio Innovations (Symbol: MBII) of Davis had their initial public offering on the NASDAQ stock exchange. It was priced at $12/share and ended the day at $13.75.
SacAngel members first invested in the company in 2006 as part of MBI’s first round of funding (Series A). It is estimated from the company S-1/A filing with the SEC that those investors had a return in the range of 6.4x based on the closing price today (i.e., for every dollar invested, their return today, if they sold their stock, would be $6.4). Similarly, those that invested in subsequent Series B (2008) and Series C (2010-11) financing rounds got returns of 3.9x and 3.6x, respectively.
The group invested in EcoTensil earlier this year along numerous other angel groups in a syndicated deal for $850K. There are a number of press releases on the web like this one, and below is a press release we received from the company.
ECOTENSIL CLOSES OVER-SUBSCRIBED SERIES A ROUND, ACHIEVES OTHER SIGNIFICANT BUSINESS MILESTONES
EcoTensil, Inc., maker of the most eco-friendly paperboard utensils available, announced that it has over-subscribed and closed its Series A round of financing, having raised in excess of $850,000. The successful capital raise complements some other important business milestones, such as the shipment of the company’s first SpoonLidz on-package product, and the move into a new, larger office.
LARKSPUR, CA — May 9, 2013. Today, Peggy Cross, Founder & CEO, announced that the company has closed its Series A Preferred stock round.
Aperia have kept a pretty low profile since their funding while the product was developed and market development was initiated. Recently, more information about the company has emerged as the company CEO, Josh Carter, was invited to speak at the Wall Street Journal ECO:nomics conference in Santa Barbara (take a look at the program; it has some pretty impressive speakers).
Today we saw this press release about our Portfolio company, Glue Networks, new product, Cisco Virtual Office-as-a-Service (CVOaaS). They are showcasing the product at Geek Day in Washington,US.
The new release automatically builds, maintains, monitors, and manages next-gen networks anywhere in the world, and delivers voice, video and real-time data applications for remote offices and employees with plug-and-play simplicity, error-free set up, military-grade security, and full network lifecycle management for a low monthly fee.
We invested Welldog about a year ago and they are now growing rapidly. See this recent press release about a A$4MM (about the same in US$) order for their services in Australia. Welldog provide data service to the coal mining and coalbed methane discovery industry.
We also invested in Cloud Cruiser almost two years ago and they continue to gain significant recognition in the Cloud computing space — they provide cloud cost intelligence solutions. They were recently selected “As One of 20 Coolest Cloud Software Vendors”. They join the likes of industry heavyweights Google, Oracle, Microsoft, Salesforce, Intuit, and SAP in that top 20 list. See the press release.
International mix of angel and strategic investors provide debt and equity capital
Below is the press release from Welldog mentioning our recent investment. There is also a short note in the Sacramento Bee.
Laramie, Wyoming (8 June 2011) – WellDog announced today that it has closed on $5,000,000 in new debt and equity financing to support its continued expansion. The round was led by Simon Ashton and his strategic investment company, ProX Pty Ltd, and included participation by members of Sacramento Angels, Houston Angels, and some of the successful entrepreneurs behind Pure Energy, as well as expanded investment from the Brisbane Angels.