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In case you missed it, here’s a roundup of recently announced deal updates:
20/20 launches PCR COVID-19 testing to detect the virus earlier on
20/20 GeneSystems has already sold over 100k COVID-19 antibody tests to date. This month, the company began offering PCR COVID-19 viral testing. PCR tests are used to directly detect the presence of an antigen, rather than the presence of the body’s immune response, or antibodies. Learn more.
GROUNDFLOOR continues to break investment records
This past Q2 2020, the company generated over $33mm, its highest quarterly retail investment volume in the platform’s history (unaudited). This is a 23% QoQ growth compared to Q1 2020. Learn more.
Cytonics announces experimental clinical trial to treat COVID-19
The FDA has approved remdesivir and convalescent plasma as therapies for COVID-19, but according to many, neither have demonstrated substantial improvement in patient survival. Cytonics believes that its lead drug candidate CYT-108, originally designed to stop the breakdown of cartilage in osteoarthritis, may have therapeutic effects in inhibiting inflammation when delivered into the lungs of COVID-19 patients. Learn more.
Gatsby achieves user base milestone, crossing 10k+
After launching last winter, Gatsby recently crossed 10,000 users, a company milestone. Throughout the past three months, customers have grown an average of 17% MoM. Learn more.
Arcade achieves 130% customer growth since April
Arcade has achieved 130% customer growth since April, demonstrating companies’ need for improving employee productivity. Its workforce performance engagement software has been shown to increase employee productivity and output by 20%, according to a recent customer case study. Learn more.
Good Earth Organics expands to Oklahoma with new distribution partner
Good Earth Organics (GEO) recently started working with a distribution partner located in the heart of Oklahoma to reach the over 5,800 licensed farmers who serve retailers across the state. In just over two years since passing medical marijuana laws (June 2018), Oklahoma ranks second per capita in the U.S. for the number of marijuana dispensaries, surpassing even Colorado and California. Learn more.
Humanly wins Sacramento Kings competition
The Sacramento Kings recently announced Humanly as the winner of the 2020 Capitalize pitch competition. Powered by Accenture and Sacramento Urban Technology Lab, this is the fifth year of the Sacramento Kings Capitalize startup contest, aiming to identify and showcase local entrepreneurs and innovators of the Sacramento region. Learn more.
Miso unveils new cooking software, “ChefUI”
Miso recently introduced new software, “ChefUI,” a software that will assist kitchen workers such as showing which foods are in line to be prepared next, displaying how much time is remaining before food is fully cooked, checking and recording internal temperature of food in progress, changing food type or cook time, and more. Learn more.