Q3 2022 Portfolio in Review
PortfolioWe’re now heading into the homestretch of 2022. But before we charge full steam ahead, it’s time to reflect on what’s been going on across the V1 family. As we’ve mentioned before, this is just a sampling of the activity – and only includes what’s been publicly announced.
Fundraises & Accolades
Patch is taking climate action to the next level with $55M in Series B funding led by Energize with participation from us, A16z and Coatue. As Brennan and Aaron wrote in the announcement…“This new round of funding brings us one step closer to our goal of radically scaling unified climate action across the global economy.”
Cap Hill Brands raised $100M in a Series B round led by BlackRock. The new equity round will fuel additional growth and provide capital for further acquisitions. We participated in the round along with prior investors Maveron and Ascend.
Bikky raised a $5.25M seed round led by Equal Ventures. We recently wrote about why we’re so excited about Bikky and Abhinav Kapur (a mission-driven founder!).
Lolli was honoured by Fast Company as one of the best-designed finance apps of 2022, as chosen by Fast Company editors and an expert jury of design professionals as part of Fast Company’s Innovation by Design Awards
Top Hat was the recipient of the Best HR Communication Strategy award at the 2022 Canadian HR Awards, which showcase Canada’s most outstanding HR teams leaders and employers.
Outreach and Shippo were both named 2022 Cloud 100 honorees for the second year in a row!
Product Updates & Partnerships
Filebase announced upcoming changes to their platform, namely removing Skynet and Storj integrations permanently. You can read more about the changes here.
Booster rolled out a fleet of its mobile fueling trucks to three new cities: Portland, Ore., Boston, and Philly. And they’ll be coming to Phoenix soon.
NCX launched its carbon credits map, showing landowner generated carbon credits available for purchase across the US. Read about it here.
Headout is partnering with @FlixBus to bring exciting offers and adventures to travelers across Europe. Enjoy your next bucket-list destination with Headout’s world-class experiences and Flix’s seamless coach journeys.
Ticketmaster event organizers can now offer digital keepsakes (NFTs) minted on Flow.
Shippo launched Shippo Supercharge to help startups with shipping and scaling up with $12K in shipping credits.
Nexus Mutual deployed 15,348 ETH into Enzyme Finance’s value and deposited into Maven 11 Capital’s wETH pool on Maple Finance. Read about it here.
Defined introduced its NFT Realtime activity view. You can watch and filter NFT mint and sale activity across 42 networks as transactions happen on-chain.
Inflection launched “Inflection for startups,” free B2B marketing automation. Now even the earliest startups can use Inflection, for FREE.
Mercedes-Benz is working with Moment Energy to repurpose used EV batteries. Moment will convert the used batteries to modules that provide rechargeable power to commercial and industrial buildings. You can read about the deal here.
Happy Fall everyone! And as always, to keep up to date with our portfolio companies, you can follow us on Twitter.