2022 has started off strong as our portfolio companies reap the rewards of the hard work poured into 2021. Over the past three months, they have been off raising significant capital, scaling their businesses, and announcing impactful partnerships.
However, our companies aren't alone in growing their presence. With a return to a focus on in-person incubation, EvoNexus has also moved into a larger, beautiful new facility in San Diego. We've moved just down the street to our new address 5015 Shoreham Place!
Looking towards next quarter, we are also thrilled to host our first ever Board of Directors meeting at our San Mateo offices on the Franklin Templeton campus in Silicon Valley. In Q1 2022, we welcomed two new Board Members to EvoNexus
Srini Kalapala, SVP & Chief Product Development Officer for Verizon
Tyler Robinson, Strategic Investor Partnerships for Brex
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Are you a Founder or do you known someone who would be a great fit for EvoNexus? We are currently accepting rolling applications for all three of our portfolios – FinTech, CommTech & Embedded Tech, and MedTech. Follow the link below to begin our application process. We look forward to learning more about your innovations!
Our triumphs are a result of our close partnerships with the world’s leading influential companies in CommTech & Embedded Tech, MedTech, and FinTech, as well as with angel, seed, and other early-stage investors! EvoNexus, as a non-profit, further succeeds thanks to the support we receive from our volunteers and selection committee members, and top providers of professional services. If you are involved with a company that should be connected with EvoNexus, click on the button below to connect with us.
To kick off the year strong, over the first 3 months EvoNexus portfolio companies raised $115 million.
Syntiant, an AI chip company, raised $55 million from Renases Electronics, Millennium Technology Value Partners, Mirae Asset Global Investments, Microsoft, Amazon, and Intel Capital, among others.
Sateliot, the first satellite constellation over 5G NB-IoT, raised an $11.4 million series A from Indra, Cellnex, Seraphim Capital, and GateHouse.
Micruity, and income connectivity platform to pensionize 401(k) plans, raised a $5.1 million series seed, let by SixThirty Ventures with strategic investors Allianz Life, Franklin Templeton, Pacific Life, and Western & Southern Financial Group, among others.
Koji, a Link in Bio provider, raised a $20 million series B, led by Jump Capital.
Daasity, a platform to centralize and analyze data, raised a $15 million Series A led by VMG Capital.
Tag-N-Trac, a provider of smart IoT tracking technologies, raised a $10 million Series A led by Dell Technologies Capital with participation from Merck Global Innovation Fund and Aerosafe Global Inc.
The partnerships, achievements, and recognition that our companies earn throughout their journey, tell the story of how the company got to where it is. Here we celebrate some of our companies’ successes across the first quarter of 2022!
Advanced Image Robotics broadcast a Major League Rugby preseason match from the Chula Vista Olympic Training Center, using 6 AIRstation camera robots combined with their cloud based video switching system.
Astrome CEO, Neha Satak, won the Women Transforming India Awards by NITI Aayog.
Brelyon was awarded the SPIE Prism Award in the Displays category. The ceremony honors the best new optics and photonics products on the market.
Cardea Bio, Inc. announced a collaboration agreement with Siemens Healthineers’ Center for Innovation in Diagnostics to assess feasibility of developing real-time biosensor applications using Cardea’s BPU™ (Biosignal Processing Unit) Platform.
Evasyst Inc. (dba "Kast"), an online watch party platform, signed a merger agreement with Live Current Media, Inc.
FarmTogether launched its Sustainable Farmland Fund, furthering its mission to open a vital asset class for all investors as demand for sustainable and safe-haven assets reaches new levels.
Hyperlight Energy, a developer of Hylux™, the world’s lowest-cost concentrated solar power (CSP) technology, signed an exclusive license agreement with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) for its patented receiver design technology.
iCoin Technology launched their U.S. - made cryptocurrency cold wallet, and announced a distribution agreement with EvoNexus strategic partner, Verizon.
Ionia launched an open beta for the world’s only no-KYC crypto debit card. The company has announced partnerships with SnapCommerce, Kinesis, Edge Wallet, and Cake Labs, representing a combined 35 million consumers.
Finally, we are excited to highlight one company in particular that was recently admitted into EvoNexus in 2022: Spectrove!
Founded by Dr. Kasra Khazeni and Dr. Kambiz Farnaam, Spectrove's mission is to make spectral imaging and analysis simple, low cost, and accurate, by developing and mass producing a patent-pending, miniaturized, high resolution full spectral camera.
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