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- 📝 VC Memos (Week of Aug 7 - Aug 13)
📝 VC Memos (Week of Aug 7 - Aug 13)
New memos last week from Felicis Ventures, General Catalyst, Lerer Hippeau, Redpoint Ventures and Union Square Ventures
The Memos..
🏦 Birdstop (enterprise)
Birdstop is a remote sensing company that collects and manages data on physical infrastructure and assets.
Raise: Seed | $2.3M
Investor Memo: Lerer Hippeau
"Birdstop is building a first-of-its-kind nodal network of remote sensing drones to protect national critical infrastructure. At a time of mounting threats driven by climate change and increasing dependence on already strained systems, Birdstop offers national infrastructure enhanced levels of protection through a dynamic solution that delivers data at scale in real-time, allowing operators to monitor their assets and respond to developing situations."
🩸 Georgiamune (bio/health)
Georgiamune is a private, science and discovery clinical stage immunotherapeutic biotechnology company focused on reprogramming immune signalling pathways to redirect the immune system to fight diseases.
Raise: Series A | $75M
Investor Memo: General Catalyst by Deep Nishar, Elena Viboch, Dr. Julie Gupta, Mo Punjwani
"Dr. Khleif's work has led to the discovery of novel, disease-driving targets within immune cell pathways, propelling the development of potentially first-in-class immune therapeutics for cancer and autoimmune diseases. This pipeline of therapeutics aims to harness nature's machinery by reprogramming immune signaling pathways and aims to re-establish immune balance."
🍕 Atmosfy (consumer)
Atmosfy lets you explore dining through video. Easily browse 10-second, engaging videos from customers who recently dined there.
Raise: Seed | $13M
Investor Memo: Redpoint Ventures by Annie Kadavy, Meera Clark
"Estimates project that over 80% of online content will be made up of video in the coming years, while the digital video ad market already represents $46Bn+ of spend, growing an astounding 41% YoY. Yet, existing review platforms are not video optimized today and instead rely on heavy text-based UX for recommendations and reviews."
🔐 ConductorOne (cybersecurity)
ConductorOne is building an identity security platform for the modern workforce.
Raise: Series A | $12M
Investor Memo: Felicis Ventures by Jake Storm
"Legacy software for identity security was created in the early 2000s; just as most people wouldn’t dare use an analog flip phone in 2023, CISOs have been clamoring for a better solution that does more than manage on-prem architectures. Enter ConductorOne, the company that we believe stands the best chance of fulfilling the promise of Zero Trust.”
🏫 Daybreak (bio/health)
Daybreak partners with districts and schools to provide personalized mental health support to help students reach their full potential.
Raise: Series B | $13M
Investor Memo: Union Square Ventures by Rebecca Kaden
"As our understanding about the state of mental health has deepend… The perfect storm of COVID-19 isolation, global instability, the looming climate crisis, and economic rockiness has made the statistics skyrocket. 16% of kids in the US had at least 1 major depressive episode in the last year. 60% of kids who report having major depression do not receive treatment."
🏭 Tractian (AI/ML)
Tractian is a machine intelligence company that offers industrial monitoring systems.
Raise: Series B | $45M
Investor Memo: General Catalyst by Trevor Oelschig, Vedant Suri
"Through intelligent sensors affixed to industrial assets, Tractian can collect real-time data that is used to identify operating issues and predict mechanical and electrical failures. Rather than simply alerting operators, the software articulates prescriptive actions operators can take to fix issues and prevent downtime."
Many of you have asked whether we can provide more information regarding private SaaS metrics, so we thought we’d put it to a poll…