Q4 2022 Portfolio News

It’s hard to believe we’re already kicking off a new year. Before we headed into the holidays, we published our 2022 Year in Review, but now we’d like to do a deeper dive into all the Version One family activity that happened in the fourth quarter. It was a great way to end the year, with much more to come in the months ahead. 

Fundraises, exits, and accolades 

DemandStar, a Seattle startup that connects businesses with local governments, was acquired by GTY Technologies. DemandStar will be joining GTY’s Bonfire unit, which sells sourcing and procurement software to government agencies across North America.

Pickle Robot announced a $26 million Series A raise led by Ranpak, JS Capital, Schusterman Family Investments, Soros Capital and Catapult Ventures. The robotics startup is creating robots that work alongside people in the very messy world of the warehouse loading dock. 

Peaze raised a $2.1M seed round led by us to simplify Web3 onboarding. You can read why we’re so excited about Peaze and their mission to make Web3 UX indistinguishable from Web2 on our blog

Uniswap raised a $165M Series B to help further their incredible growth as they invest in their web app and developer tools, launch NFTs, move into mobile and more. 

All four co-founders of the Moment Energy team (Edward Chiang, Gabriel Soares, Sumreen Rattan, and Gurmesh Sidhu) were named on the Forbes 30 under 30 Energy list. Moment recycles electric vehicle batteries and repurposes them for off-grid energy generation projects.

Remio, the “VR breakroom for remote teams,” was named one of the most innovative VR startups in San Francisco

Sam Pillar, co-founder and CEO of Jobber, was recognized with a Business in Edmonton 2022 Leaders Award

Ada ranked #35 on Deloitte’s Technology Fast 50, which recognizes companies that are transforming the tech industry. You can read their announcement here.

Product launches, acquisitions, and partnerships

Flow, brought to you by Dapper, had its first Town Hall where they summarized the key highlights of 2022 (such as a 4.9x year-over-year increase in user accounts and 3.5x year-over-year increase in transactions), and gave a look at all the amazing things to come in 2023. 

Kobalt announced its partnership with Vanta to provide clients even more value when it comes to achieving compliance. 

Patch published its partner directory for carbon accounting and management to make it easier to identify the right carbon measurement partner. The climate technology platform also launched Patch Offtake, a multi-year carbon credit pre-purchase agreement that provides companies with a pathway to support and scale a portfolio of vital frontier climate solutions. 

Jam launched its integration with ClickUp, so you can send bug reports and screen grabs to any Clickup channel right from your browser (no workflow disruptions!). And Jam is now officially live on the Github marketplace.

Top Hat acquired its fifth company, a STEM EdTech startup called Aktiv Learning. You can read about the acquisition here.  

Uniswap launched an NFT aggregator that collects listings from all major marketplaces – find more listings and the best prices! 

Tenderly completed the first phase of integration with Moonbeam, enabling smart contract engineers to simplify their Web3 development flow and use essential developer tools to build impactful dapps on Moonbeam.

Cape Privacy introduced Nitrogen, a way to deploy web servers and databases to AWS Nitro Enclaves. You can read about it here.

And that’s just a sampling of the activity that we can publicly announce. We’ve said it before, but we continue to be in awe of the creativity and determination shown by our founders and their teams…the people behind a startup are just as vital as the products they build. We’re looking forward to another year rich with mission-driven innovation!  

To stay on top of Version One portfolio news as it happens, follow us on Twitter.

Read Next