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- đź“ť VC Memos (Week of Jul 17- Jul 23)
đź“ť VC Memos (Week of Jul 17- Jul 23)
New memos last week from Blackbird, Index Ventures, LocalGlobe, Sapphire Ventures
The Memos...
đź’µ Collectly (Fintech)
Collectly helps healthcare orgs elevate patient financial experience, streamline patient billing ops, and accelerate cash flow.
Raise: Series A | $29M
Investor Memo: Sapphire Ventures by Paul Levine, Rajeev Dham, Jason Brooke, Andrew Vogeley
"We believe the patient billing process is outdated, marked by highly manual billing systems, confusing paperwork and frustrating experiences for all involved. In fact, inefficient payment processes mean some providers collect only 55% of what they’re owed, while patients are often left with bills they were not expecting or cannot afford."
🗺️ Nomad Atomics (Hardware)
Nomad Atomics is developing a suite of compact, low cost, quantum sensor to address the shortcomings of current commercially available sensors.
Raise: Seed | $10M
Investor Memo: Blackbird by Niki Scevak, Clare Birch
"The Nomad sensor can create a detailed and accurate map of the deep underground while its user stands at the Earth’s surface. For underground mining, then, Nomad provides an absolute source of truth for the potential difficulty of a mine, and supports safe underground mining and operations, with accuracy and ease that is currently inaccessible."
🌱 Sylvera (climate tech)
Sylvera builds software that independently and accurately automates the evaluation of carbon projects that capture, remove, or avoid emissions.
Raise: Series B | $57M
Investor Memo: Index Ventures by Carlos Gonzalez-Cadenas
"Much of the world recognizes the importance of meeting net zero by 2050, but nearly all companies with net zero targets will fail to achieve their goals if they do not at least double the pace of emissions reduction by 2030. This will take an estimated capital investment of $3.5 trillion annually over the next 30 years, from both the public and private sectors, into the technology and infrastructure required to deliver a zero-carbon economy."
Raise: Series B | $57M
Investor Memo: LocalGlobe by Ferdi Sigona
"No two carbon credits are created equal, and there are indeed too many instances of projects failing to deliver the carbon savings they promised to, or that are outright fraudulent. Verification of the project’s results is complicated by the fact that projects most often happen far away from credit buyers… and by the fact that our gold standard measurement methodologies have very high error rates (30–50%)."