We were one of the first investors in Drone pioneer Flirtey in 2015. Since then the company has scored many firsts in the “Delivery as a Service” market, including some of the first flights approved by the FAA.
They have just raised their Series A round and it was led by Menlo Ventures and Qualcomm Ventures, who were also seed investors subsequent to our investment. This round was also joined by Chris Sacca’s Lowercase Capital, Y Combinator and World Innovation Lab, a firm that counts among its limited partners the Japanese airline ANA, Goodwater Capital, Amity Ventures and Partech Ventures.
We invested in Work Truck Solutions in 2014 together with other members of the InSync Angel Network. They continue to scale rapidly; now they have over 500 dealers using their SaaS solution. They have also launched locator and inventory management services for other stakeholders in the industry such as body manufacturers and distributors. As a result, they have validated the position as the supply chain platform for the Work Truck industry. Plans to scale even more rapidly in 2017 are well under way.
Electro Scientific Industries, Inc. (NASDAQ:ESIO) acquired portfolio company Visicon Technologies in August, 2016. We invested in Visicon first in 2007 and members have made subsequent investments. The acquisition is mentioned in this press release.
It appears a good match for ESIO and Visicon. Visicon’s machine vision based products and services are designed specifically to deliver the high throughput, high accuracy, measurement and defect detection systems that enable a business to reduce inspection costs, improve manufacturing processes and increase quality, while ESIO is an innovator of laser-based manufacturing solutions for the microtechnology industry,
Sacramento Angels portfolio company VinoShipper, a Windsor, California, based service provider to the wine industry since 2006, has announced that they are partnering with the No. 1 rated ABC network reality-television series “The Bachelor” to provide sales-through-delivery management of a newly-released “Bachelor” and “Bachelorette” branded selection of wines. With a viewership of over 8 million in key age demographics (not including the multiple spin-offs), “The Bachelor” partnership is a significant addition to the cloud-based sales and compliance expertise of VinoShipper. See the website here: www.bachelorwines.com.
Vinoshipper has similar partnerships with the TV series, Downton Abbey, and foodie media group, Epicurious.
Revionics was a 2006 investment by members of the group. They have emerged a a global leader in profit optimization services and solutions. Their analytics and science serve as the backbone of omni-channel retailing to help performance-driven retailers execute profitable pricing, promotion, markdown, and space decisions with predictable business outcomes.
They have just been recognized once again as a top 10 retail software provider. Read the full press release.
One or more members invested in Prolacta in 2005 and they have grown, through multiple rounds of financing, to be the nation’s leading provider of human milk-based neonatal nutritional products. It gives you some idea of the time frame it sometimes takes for our investments to come to fruition!
You can read the full press release.
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.
WellDog has announced that it ranked as the 4th fastest growing energy tech company on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. WellDog ranked 310th across all sectors based on its 239 percent growth over the past three years.
See the full press release here.
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.
Inc. Magazine published some interesting data summarized as:
1. Companies started by entrepreneurs in their 20s are more likely to close.
2. Companies founded by Asian leaders have a significantly higher rate of survival
3. The amount of startup capital doesn’t signiicantly alter a company’s chance of survival.
4. Patents or Copyrights have little impact on startup survival or closure rates.
Note that the data didn’t define what a ‘survival’ outcome meant, only that a company was merged/acquired or still ongoing.
Here’s the link.