MV Mail Weekly Recap: August 4, 2020

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Below is a quick summary of the investment opportunities listed on the MicroVentures platform as of August 4th, 2020.

Just Listed

Developing a hydrogen-powered eVTOL aircraft that is scheduled for its first flight test this year
Key Highlights:
• Developing an aircraft powered by a carbon-neutral fuel cell, which can offer greater efficiency than traditional lithium-ion batteries
• Founder was the youngest Part 107 commercial drone pilot in the U.S. in 2017, at age 16

Active Offerings

Social networking community for procurement and supply chain professionals within over 90 countries
Key Highlights:
• Has 2.9k+ individually vetted members on its platform, which include professionals representing 75% of Fortune 100, and 41% of Fortune 500 companies
• Anticipates launching a Group Purchase Organization (GPO) in 2021

Online lending marketplace connecting borrowers with local lenders in 28 states
Key Highlights:
• Currently is operational within 28 states and plans to grow to all 50 in early 2021
• Borrowers were matched with loans totaling over $15M in May 2020 on the Lend-Grow marketplace

Personal products infused with cannabis sold online and in stores like Saks Salon in NY
Key Highlights:
• Selected as a finalist out of 300 to participate in Canopy Boulder’s accelerator program for cannabis-related and CBD businesses
• The company’s premier fragrance has been featured in Forbes magazine twice and is participating in the Luxury Meets Cannabis Conference / Forbes fundraising event for COVID-19 relief efforts

3D printer company displayed an early prototype at one of the largest startup events in the world, CES 2018
Key Highlights:
• Featured in 20+ media outlets including Technori, 3Dprint.com, and the Chicago Tribune
• Its 3D printer features a build volume greater than 10.5ft³ and provides support for layer resolutions as small as 30 microns and movement resolutions with precision up to 256x micro-stepping

Wave energy converter that has 16 granted patents and grant funding from the U.S. Department of Energy
Key Highlights:
• Earned commitments for $15M+ in grant funding for its novel wave energy conversion technology
• Constructing a community-scale Triton-C system for deployment in Q1 2021

Online car repair marketplace with repairs worth more than $251,044 booked through the platform
Key Highlights:
• The company is a 2018 Capital Factory accelerator graduate
• 6.5k+ diagnosed cars to date

Indian pet care supplies e-commerce platform featuring over 1,000 products with shipments to over 100 cities
Key Highlights:
• Generated revenue of $138.3k in 2019, an increase of 51% over 2018
• Average order size of $35.84 in Q1 2020, the largest since the company’s inception

App teaching financial literacy to kids partnering with Equifax Foundation to promote financial inclusion
Key Highlights:
• Over 32k chores completed on app between April 2019 and April 2020
• Between April 2019 and April 2020, company received 3k app sign ups

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