MV Mail Weekly Recap: December 1, 2020

Click to rate this post!
[Total: 0 Your Rating: 0]

Below is a quick summary of the investment opportunities listed on the MicroVentures platform as of December 1, 2020.

Active Offerings

Remedy Processors
Cannabis and hemp company offering cannabis products and B2B services
Key Highlights:
• October 2020 was a record revenue month, with $60.7k+ in revenue generated
• Plans to expand into additional wholesale opportunities for its branded products, as well as develop new creams, lotions, and serums in 2021

MyGN
Shared kitchen spaces for developing, manufacturing, and distributing cannabis and CBD-infused products
Key Highlights:
• Deposits from 22 members (clients) to access MyGN’s shared-use kitchen facilities
• Previously raised $500k from angel investors and company founders

Blendid
Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand
Key Highlights:
• Launched Blendid robotic kiosk with Walmart in October 2020 at its Fremont, California location with intent to expand further
• Signed an MoU with a major food retail brand in November 2020 to jointly bring Blendid to market

Unomi
Software platform for animators
Key Highlights:
• Out of 1.8k applicants, UNOMi was one of 25 companies selected to be a member of Backstage Capital’s inaugural accelerator class in March 2019
• Patent-pending technology for its method of generating mouth animations

Cherry Street Pharmacy
One-stop online pharmacy
Key Highlights:
• Filled 6.1k prescriptions in July 2020, a record high
• Grown revenue 106% year-over-year and 603% year-over-year in 2019 and 2018, respectively, without any outside equity capital investment

Million Marker
Personal environmental exposure analysis and tracking for consumers
Key Highlights:
• MoU with Parley for the Oceans (international ocean conservation NGO) and contract with The Community (Publicis Groupe) to launch a plastic awareness campaign in Summer 2021
• Graduated from Y Combinator’s Spring 2019 Cohort

Shoppinpal
B2B SaaS cloud integration software
Key Highlights:
• Created successful apps and integrations for unmet needs in the Retail and Food verticals such as automated stock replenishment and custom analytics used by customers across the globe
• Profitable since January 2020 with an annual run rate of $390k

Hudson Space Systems
Microgravity research services company
Key Highlights:
• Received a grant from Stevens Institute of Technology for its rocket launch technology
• Raised $100k in funding from an angel investor in 2020

Kobrelms
Athleisure apparel and audio gear accessories for men and women
Key Highlights:
• Invest $250 before December 7 to receive a Kobrelms gift card of equal value
• Holds two registered trademarks, operating under Class 25 for clothing and Class 9 for computers and scientific devices

Fog&Tree
Personal products infused with cannabis sold online and in-stores
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

Edly
Edly offers an alternative to student loans known as Income Share Agreements (ISAs)
Key Highlights:
• Has been generating revenue since its inception in April 2019
• Investors on the Edly platform have funded 3.8k student ISA contracts, and its portfolio includes ISAs with students from top colleges and skills programs

Vital Leaf
Line of organic, CBD-infused chocolates, tinctures, body balm, and capsules
Key Highlights:
• Has raised over $1.38M from angel investors
• Products featured in POPSUGAR, Thrive Magazine, and MJ Lifestyle, among others

IPD Products
Air sterilizer designed to combat airborne pathogens
Key Highlights:
• Founding team has extensive experience commercializing technology for organizations like Pfizer and Bristol Myers Squibb, as well as building out robust patent portfolios
In 2021, the company hopes to expand its product line to include integrations with HVAC systems and PPE

WindCraft Aviation
Developing a hydrogen-powered eVTOL aircraft
Key Highlights:
• Flying its scale prototype of its eVTOL aircraft, the Sally Jean in preparation for beta testing in foreign markets in 2021
• Awarded two STTRs totaling $300k by the AFWERX, an innovation project led by the U.S. Airforce, to further develop its aircraft

0

Join Our Newsletter

Register

Register

OR
By Registering, you agree that you've read and accepted our disclaimer, you're at least 18 years old, you consent to the terms presented on the disclaimer, and to receive notifications from us.