Menu

What’s New @ AV — Issue #3

We share important news happening at Alumni Ventures, including recent portfolio updates and exits

Written by

Alumni Ventures

Published on

Read

2 min

Welcome to “What’s New @ AV,” where we cover important updates from Alumni Ventures and our portfolio. This month, we share some of our notable exits, uprounds, and investments, including Knix, Robyn, Cultured Decadence, and more.*

See video policy below.

Recent Exits

Knix finalized its acquisition agreement with hygiene and health company Essity, valued at $320 million. Knix develops seamless, comfortable, and chafe-free women’s intimate apparel.

AV Funds Invested in Knix: The Yard Ventures, Impact Fund, Total Access Fund

Robyn agreed to a two-year investment agreement with Ferring Pharmaceuticals, which includes an acquisition option. Robyn is a digital health platform that connects expectant families to maternal wellness service providers via an online managed marketplace.

AV Funds Invested in Robyn: Seed Fund, Total Access Fund

Cultured Decadence finalized its acquisition agreement with UPSIDE Foods. Cultured Decadence is a cell-cultured protein startup focused on recreating the tissues of shellfish in a laboratory, starting with cell-cultured lobster meat.

AV Funds Invested in Cultured Decadence: Bascom Ventures, Total Access Fund

Portfolio Fundraising News

Ion Storage Systems announced a $30 million Series A led by Toyota Ventures. The company is developing safe, high-energy batteries for sectors like consumer electronics, automotive, and stationary storage.

AV Funds Invested in Ion Storage Systems: Purple Arch Ventures, Total Access Fund

Kinside announced a $12 million Series A led by Wellington Access Ventures. The company centralizes local childcare openings on a single platform, making it easier for parents to find convenient care.

AV Funds Invested in Kinside: The Yard Ventures, Impact Fund, Total Access Fund

Kryptomon announced a $10 million round led by NFX, with participation from Citigroup’s former CEO. Since February 2022, Kryptomon’s play-and-earn NFT gaming platform has generated $13 million in transactions.

AV Funds Invested in Kryptomon: Purple Arch Ventures, Total Access Fund

Portfolio Companies in the News

FreeWire Technologies was recently selected by Phillips 66 to support the company’s first electric-vehicle charging program in the U.S. FreeWire is a leading manufacturer of battery-integrated electric vehicle charging stations and power solutions.

AV Funds Invested in FreeWire: Strawberry Creek Ventures, Chestnut Street Ventures, Spike Ventures, Towerview Ventures, Deep Tech Fund, Total Access Fund

AV invested in Gametime’s recent $30 million Series C led by Nimble Ventures, with participation from Accel and Google Ventures. The company’s mobile ticketing platform sells tickets for an array of sports, music, and theater events in cities across the U.S. and Canada.

AV Funds Invested in Gametime: Blue Ivy Ventures, Westwood Ventures, Total Access Fund

Moving Analytics recently announced a $20 million Series A. Alumni Ventures invested alongside Philips Ventures, the VC arm of multinational healthtech corporation Philips. Moving Analytics has developed an interactive, remote, and physician-supervised virtual cardiac rehabilitation program.

AV Funds Invested in Moving Analytics: Lakeshore Ventures, Waterman Ventures, Total Access Fund

Good News @ AV

Alumni Ventures earned a spot on the Inc. 5000, an annual list of the fastest-growing private companies in the U.S. Inc. commended AV’s mission of “making VC accessible like never before by building diversified portfolios featuring exciting, tech-driven companies.”

Want to learn more?
View all our available funds and secure data rooms, or schedule an intro call.

New to AV?
Sign up and access exclusive venture content.

Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.

*For illustration purposes only. These investments are not intended to suggest any level of investment returns; not necessarily indicative of investments invested by any one fund or investor. Many returns in investments result in the loss of capital invested. These investments are not available to future fund investors except potentially in certain follow-on investment options. To see the performance of each exited investment for all Alumni Ventures funds over the last twelve months and our historical performance since 2014, click here.

Written by

Alumni Ventures

Alumni Ventures is a network-powered VC firm that helps accredited individuals invest in venture capital.

LinkedIn
Twitter
Facebook
Tagged with

Follow us

Follow us

Neither Alumni Ventures nor any of its funds are sponsored by, affiliated with, or otherwise endorsed by any university. For further details see our Legal & Privacy Policy.

Video Policy: By consuming this content I acknowledge that I may be considering an investment with AV funds for my own or my client’s account. I agree that information contained herein may not be relied upon or used for any other purpose. Offers to purchase securities are only made through formal offering documents, which describe risks (which are significant), terms, and other important information that must be considered before an investment decision is made. To see Important Disclosure Information, visit: https://av-funds.com/disclosures.

Testimonial/Endorsement Policy: Testimonials/Endorsements were provided by the participants without compensation, but each participant has a relationship with Alumni Ventures (AV) from which they benefit. All views expressed are the individual’s own and do not represent the experience of all AV fund investors or companies in which AV funds invest. Please note that testimonials are no guarantee of future performance or success. Any provider of an endorsement that is affiliated with a portfolio company Alumni Ventures has received investment funding from AV, and may in the future seek and/or receive additional funding from AV. This circumstance constitutes a conflict of interest. Providers of testimonials or endorsements were not chosen at random or according to any objective basis, but rather on the basis of their relationship with AV.

Investor Portal Update Policy: Investor portfolio data is updated once per quarter in the AV Investor Portal.

Alumni Ventures is America’s largest VC firm for individual investors based on the combination of total capital raised, number of investments, and number of investors of leading VC firms as reported by Pitchbook and other publicly available information reviewed by AV.

(1) Internal Rate of Return (IRR) for AV Funds is net of management fees and incentive allocations applied to amounts distributed to investors, and gross of incentive allocations applicable to unrealized gains on investments held by AV Funds. IRR for AV Funds includes uninvested cash, unrealized investments, and amounts distributed to investors. The IRR shown for the Russell 2000 indices are gross of fees because indices are not managed investments, and it is not possible to invest directly in an index. For additional information see av-funds.com/disclosures. All investment involves risk, including risk of loss. Past performance is not necessarily indicative of future results. For more information on AV Funds’ investment returns, please see here.

Not an offer to sell, or a solicitation of an offer to purchase, any security. Such offers are only made pursuant to the formal offering documents for the fund, that describe the risks (which are significant), terms, and other important information that must be considered before an investment decision is made.
To see additional risk factors and investment considerations, visit: https://av-funds.com/disclosures.

Please click here to view additional investor policies.

© 2024, Alumni Ventures. All rights reserved.