MV Mail Weekly Recap: August 14, 2020

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Below is a quick summary of the investment opportunities listed on the MicroVentures platform as of August 14th, 2020

Active Offerings

Developing a hydrogen-powered eVTOL aircraft that is scheduled for its first flight test this year
Key Highlights:
• Plans to complete first test launch this year and start beta testing in foreign markets by 2021
• Awarded a grant from PlanetM to further develop its aircraft and test it at military sites throughout the state

Social networking community for procurement and supply chain professionals within over 90 countries
Key Highlights:
• Reached profitability in April 2020
• Operates 20 regional chapters located throughout the United States, Canada, and U.K.

Online lending marketplace connecting borrowers with local lenders in 28 states
Key Highlights:
• Partnered with lenders that include Blue Ridge Bank, Ascent Funding, and Citizens Bank who have committed an aggregate $500M+ in annual closed loan lead flow capacity
• Partnered with Deluxe Financial Services, iQuanti, Bassett Capital, and Stifel Investment Bank to further attract borrowers and banks to the Lend-Grow marketplace

Personal products infused with cannabis sold online and in stores like Saks Salon in NY
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

3D printer company displayed an early prototype at one of the largest startup events in the world, CES 2018
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

Wave energy converter that has 16 granted patents and grant funding from the U.S. Department of Energy
Key Highlights:
• Multiple patents related to its technology and product design
• 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

Online car repair marketplace with repairs worth more than $251,044 booked through the platform
Key Highlights:
• 6.5k+ diagnosed cars to date
• $270k raised from angel investors as of June 2020

Indian pet care supplies e-commerce platform featuring over 1,000 products with shipments to over 100 cities
Key Highlights:
• The webinar is now available to watch back on the offering page
• Intends to launch pet protection plan for dogs, “K9care,” in India in Q3 2020

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