MV Mail Weekly Recap: July 21, 2020

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Below is a quick summary of the investment opportunities listed on the MicroVentures platform as of July 21st, 2020.

Just Listed

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:
• Plans to expand to all 50 states in early 2021
• Borrowers were matched with loans totaling over $15M in May 2020 on the Lend-Grow marketplace

Active Offerings

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:
• 2018 Capital Factory accelerator graduate
• 6.5k+ diagnosed cars to date

Indian pet care supplies e-commerce platform with roughly 13,000 orders from Jan. 2018 to May 2020
Key Highlights:
• Preferred-term, early-bird perk for the first $100k in funding
• Generated revenue of $138.3k in 2019, an increase of 51% over 2018

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
• Received 3,000 app sign-ups between April 2019 and 2020

Cloud-based platform for deskless field workers that achieved net income of $77,757 in Q1 2020
Key Highlights:
• Register for Wednesday’s live webinar Q&A with CEO and Co-Founder Ashish Joshi at 11 a.m. CST
• Founders have decades of experience in customer relationship management, product management and development, AI, and cloud data security

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