MV Mail Weekly Recap: December 22, 2020

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Below is a quick summary of the investment opportunities listed on the MicroVentures platform as of December 22, 2020.

Active Offerings

Dare
Social media app centered around dares
Key Highlights:
• Anticipates launching new version of mobile app by end of 2020
• Secured agreement with Epidemic Sound to use musical catalogue for DARE app user videos

Pllay
Peer-to-Peer video game wagering platform
Key Highlights:
• 31.3k+ app downloads and ~113k impressions since launch in June 2020
• 2.7k monthly active users (MAUs) in September 2020, up from 700 in June 2020

Remedy Processor
Cannabis and hemp company offering cannabis products and B2B services
Key Highlights:
• Generated more than $303k in revenue through October 2020, up 1,474% when compared to the same period last year
• Earned customers like Frosty’s Extracts, Imperial CBD, Full Sail Farms, and Everything Hemp in 2020

MyGN
Shared kitchen spaces for developing, manufacturing, and distribution of cannabis and CBD-infused products
Key Highlights:
• First facility in Orange County, California, expected to be completed in December 2020; construction over 50% complete
• Founding team members have 21+ years of combined experience and collectively have previously founded and scaled three licensed cannabis facilities in Colorado and California

Blendid

Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand
Key Highlights:
• Launched co-branded Blendid robotic kiosk with Jamba in November 2020 in Dixon, California, with expansion plans in development
• Launched Blendid robotic kiosk with Walmart in October 2020 in Fremont, California, with intent to expand further

Unomi
Software platform for animators
Key Highlights:
• Founder sold his last company to AOL in June 2016
• Creating an even larger suite of products that implement voiceovers, motion capture, and personal avatar building so users can have even more tools when designing and producing their animated content
Cherry Street Pharmacy
One-stop online pharmacy
Key Highlights:
• Generated nearly $3M in revenue in the 2019 calendar year, with only ~$5k in advertising and marketing spend
• Acquired a second brick-and-mortar location in August 2020, with a targeted launch in 2021

Million Marker

Personal environmental exposure analysis and tracking for consumers
Key Highlights:
• Y Combinator Spring 2019 Cohort graduate
• Partnership agreement with the University of California, San Francisco and support from Stanford University School of Medicine and Johns Hopkins School of Public Health

Shppinpal
B2B SaaS cloud integration software
Key Highlights:
• Raised $1.07M in its first equity round, led by Plug and Play Tech Center and Steelhead Ventures
• Integrates with cloud software such as Intuit Quickbooks, Oracle NetSuite, Vend POS, and more

Hudson Space Systems
Microgravity research services company
Key Highlights:
• Developing reusable space launch vehicles to make microgravity services accessible to a broad spectrum of customers
• Filed a private provisional patent application, “Unibody Liquid Bipropellant Rocket Engine,” in February 2020

Kobrelms

Athleisure apparel and audio gear accessories for men and women
Key Highlights:
• Invest $250 before January 4 to receive a Kobrelms gift card worth 50% of the value of your investment
• 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 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

Vital Leaf

Line of organic, CBD-infused chocolates, tinctures, body balm, and capsules
Key Highlights:
• Products sold in over 300 retail locations across the U.S.
• Retailers and partners include Wegmans, New Seasons Market, New Leaf Community Market, National Co+op Grocers, and Good Earth Natural Foods

IPD Products

Air sterilizer designed to combat airborne pathogens
Key Highlights:
• Plans to launch the Ionic Plague Destroyer in Q4 2020, an air sterilizer designed to combat airborne pathogens, such as SARS-CoV-2, the virus responsible for COVID-19, in indoor environments
• Licensed patent from Drexel University that covers methods for air disinfection and sterilization

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