Here is what caught our attention over the past few weeks.
- PE firms can be catalysts to fighting climate change
- Self driving lane on I-94 gets $130M from Ford and others
- Interest in alternatives surges as institutional investors seek to diversify and enhance returns
- Plastic waste crisis and path to possible solutions
- UC Berkeley Art Museum Transformed into Life Sciences Lab
Portfolio Highlights – Fundraising & Strategic Partnerships
Torigen (requires registration to review) is a precision medicine start-up focused on providing individualized therapeutics to the fast growing veterinary cancer immunotherapy market. The company recently announced that it has entered into a strategic partnership with Vidium Animal Health to offer veterinarians a full spectrum of services from diagnosis to treatment. Press Release
Disclosure: Torigen is a Propel(x) portfolio company and closed fundraising through us in February 2021.
Neocis (requires registration to view) , the pioneer in robot-assisted dental implant surgery, was named the winner of South Florida Business Journal’s “Business of the Year Award” in the $3M to $24M revenue category. Press Release
Disclosure: Neocis is a Propel(x) portfolio company and closed fundraising through us in March 2016.
Tandem PV (requires registration to view), “a California-based technology startup specializing in ultra-high-efficiency perovskite and silicon tandem solar panels, announced the initial $6 million close of its $12M Series A financing round.” Solar Magazine
Disclosure: Tandem PV is a Propel(x) portfolio company and closed fundraising through us in March 2020.
Bring Your Own Deal (BYOD)
If you have pro-rata in a growth stage round (Series B, C), and you are not able to fill it entirely, please share it with Propel(x). We routinely invest in pro-rata opportunities of VCs and angel investors via our syndicates. In exchange, we share up to half the carried interest that we will receive on our syndicates.
Questions? Contact us
Stock Dilution in Startup Investing – Good or Bad?
Dilution is a fact of life when investing in startups. It comes with growth. When successful companies grow, it is common for them to raise capital in multiple funding rounds. Each funding round involves issuing more shares, which consequently results in dilution. But as noted above, a lower percentage ownership of a more valuable company could potentially be worth more.
Elon Musk: A future worth getting excited about
“What’s on Elon Musk’s mind?
In this exclusive conversation with head of TED Chris Anderson, Musk details how the radical new innovations he’s working on — Tesla’s intelligent humanoid robot Optimus, SpaceX’s otherworldly Starship and Neuralink’s brain-machine interfaces, among others — could help maximize the lifespan of humanity and create a world where goods and services are abundant and accessible for all. It’s a compelling vision of a future worth getting excited about.”