MicroVentures Mail Weekly Recap: July 14, 2020

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Fog& Tree
Personal Products Infused with Cannabis Oils and Cannabinoids
Key Highlights:
• Since launching in November 2019, the company has run two successful promos, selling 211 units, with Touch of Modern, an e-commerce lifestyle products website with 14M members
• By the end of 2019, Fog & Tree products were sold in 27 locations including Saks Salon in NY

Creative 3D Technologies

The Duo 3D Printer
Key Highlights:
• Raised $35k in pre-seed funding from U.K.-based Creative ITC
• Displayed an early prototype of its 3D printer at CES 2018 at Eureka Park, one of the largest startup events in the world

Oscilla Power

The Triton, a wave energy converter
Key Highlights:
• Designing a community-scale Triton-C system for deployment in Q1 2021 at the Kaneohe Marine Corps base in Hawaii
• Earned grant funding from the National Science Foundation, the National Oceanic and Atmospheric Administration, the Washington State Department of Commerce, and the U.S. Department of Energy

Car Savior

Online car repair marketplace with a proprietary car diagnostic algorithm
Key Highlights:
• More than 6.5k diagnosed cars to date
• $270k raised from angel investors as of June 2020

PetPal Pet care supplies e-commerce platform
Key Highlights:
• Average order size of $35.84 in Q1 2020, the largest since the company’s inception
• Partnered with Swiggy and Dunzo to offer same-day delivery in Bangalore and Hyderabad, India


Mobile app teaching financial literacy to children
Key Highlights:
• Between April 2019 and April 2020, the company received 3k app sign-ups
• Participant in 500 Startups Miami, Miami EdTech, ReignVC and FounderGym entrepreneur growth programs


Cloud-based remote engagement platform for deskless field workers
Key Highlights:
• Generated $637.2k in revenue with gross margins of 87% in 2019
• Customers include Bechtel, Volvo, TCL (TATA Communications), Techmate, TATA Motors, and Workset


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