MV Mail Weekly Recap: July 28, 2020

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Below is a quick summary of the investment opportunities listed on the MicroVentures platform as of July 28th, 2020.

Active Offerings

Procurement

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 U.S., Canada, and U.K.

Lend-Grow

Online lending marketplace connecting borrowers with local lenders in 28 states
Key Highlights:
• Partnered with lenders including Blue Ridge Bank, Ascent Funding, and Citizens Bank who have committed an aggregate $500M+ in annual closed loan lead flow capacity
• Partnered with Deluxe Financial Services, iQuanti, Bassett Capital, and Stifel Investment Bank to attract borrowers and banks to the Lend-Grow marketplace

Fog&Tree

Personal products infused with cannabis sold online and in stores like Saks Salon in NY
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

Creative Technologies

3D printer company displayed an early prototype at one of the largest startup events in the world, CES 2018
Key Highlights:
• Raised $35k in pre-seed funding from U.K.-based Creative ITC
• Displayed an early prototype of its 3D printer at CES 2018 at Eureka Park, one of the largest startup events in the world

Oscilla Power

Wave energy converter that has 16 granted patents and grant funding from the U.S. Department of Energy
Key Highlights:
• Multiple granted patents related to its technology and product design
• Earned grant funding from the National Science Foundation, the National Oceanic and Atmospheric Administration, the Washington State Department of Commerce, and the U.S. Department of Energy

Car Savior

Online car repair marketplace with repairs worth more than $251,044 booked through the platform
Key Highlights:
• From January 2019 to May 2020, repairs worth a total of ~$251k were booked through the Car Savior platform
• $270k raised from angel investors as of June 2020

PetPal

Indian pet care supplies e-commerce platform featuring over 1,000 products with shipments to over 100 cities
Key Highlights:
• Partnered with Swiggy and Dunzo to offer same-day delivery in Bangalore and Hyderabad, India

KiddieKredit

App teaching financial literacy to kids partnering with Equifax Foundation to promote financial inclusion
Key Highlights:
• Received 3k app sign ups between April 2019 and April 2020
• Participant in 500 Startups Miami, Miami EdTech, ReignVC, and FounderGym entrepreneur growth programs

goDeskless

Cloud-based platform for deskless field workers that achieved net income of $77,757 in Q1 2020
Key Highlights:
• Generated ~$637.2k in revenue with gross margins of 87% in 2019
• Customers include Bechtel, Volvo, TCL (TATA Communications), Techmate, TATA Motors, and Workset

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