MV Mail Weekly Recap: December 16, 2020

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Below is a quick summary of the investment opportunities listed on the MicroVentures platform as of December 15, 2020.

Just Listed

Dare

Social media app centered around dares
Key Highlights:
• Previous version of social media app achieved over 12k downloads
• Plans to enable users to create custom augmented reality (AR) avatars

Active Offerings

Pllay labs

Peer-to-peer video game wagering platform leveraging AI
Key Highlights:
• Hosted gaming tournament and experience for Travis Scott Astroworld VIP attendees and backstage arena celebrities and guests
• Hosted FaZe Clan and SLAM Magazine gaming tournament at NBA All Star Weekend
Remedy Processors
Cannabis and hemp company offering cannabis products and B2B services
Key Highlights:
• October 2020 was a record revenue month, with more than $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 distribution of 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:
• Raised $13.5M in early-stage funding from Benhamou Global Ventures, Plug & Play, Hone Capital, and Partech Ventures

Unomi
Software platform for animators
Key Highlights:
• Register for tomorrow’s webinar
• 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

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

Personal environmental exposure analysis and tracking for consumers
Million Marker
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
• Provides mail-in test kits to measure personal exposure to potentially harmful environmental chemicals

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 21 to receive a Kobrelms gift card worth 75% of the value of your investment
• Uses innovative materials engineered to prolong the charge life and sound quality of its wireless audio accessories

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

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