Rising Tide Newsletter Q4 2022

Dear Esteemed Partners and Friends:

Welcome to Rising Tide's Quarterly Newsletter, which summarizes how capital can be connected with the opportunity to generate value and shape a better future. As technology advances, it will not only affect how businesses compete but also society as a whole, changing markets, boosting productivity, encouraging growth, and enhancing people's lives and livelihoods. Understanding which technologies are gaining the most traction in terms of research, investment, and use-case development will help leaders decide which trends they need to address in the next years. Making the most of the opportunities that lay ahead is the opportunity for our portfolio companies and our larger ecosystem of partners.

We hope you will enjoy this report and as always, please send us your suggestions at info@rtf.vc. We also encourage you to visit our social media sites – Linked-in here; Twitter here – that showcase the power of entrepreneurial ideas and investments in talent and technology.

PORTFOLIO FINANCING

MESSARI RAISIES $35 MILLION IN SERIES B FUNDING

- Me ssari, a leading provider of crypto market intelligence products, announced at its Mainnet 2022 summit that it closed $35 Million in its Series B funding, more here. The funds will be used to expand Messari's growing team and continue to develop offerings, including its newly-launched products, Protocol Metrics, and Data Apps. Protocol Metrics enable users to compare assets across multiple networks through transparent data standardization and analyze the health, growth, and usage of a protocol. Additionally, users can utilize the newly-launched data application marketplace, Data Apps, to explore customized data sets. At launch, Data Apps is in beta and available to select Enterprise users and will eventually become available to all Enterprise users in the near future.

- Messari Acquires Assets and Business of Dove Metrics to Expand Product Offerings. Dove Metrics is a leading provider of fundraising data and intelligence for the crypto fundraising landscape. Its database continuously monitors crypto funding rounds and offers insights into the portfolios of over 8,000 investors including VC funds, hedge funds, investment DAOs, corporate funds, and angels. More here.

PORTFOLIO WIN

Ayar Labs Partners with the US Department of Defense to Accelerate Transition to Optical I/O in Next-Generation Defense Applications

- Ayar Labs awarded a $15 million multi-year prototype agreement in support of Project KANAGAWA. The co-packaged analog-drive high-bandwidth optical Input/Output project. This project will promote the next-level development of Ayar Labs’ optical interconnects to lead its transition into the Defense Department’s advanced packaging ecosystem. More here.
- Ayar Labs is now shipping its “TeraPHY” chiplets and plans to launch thousands of units in 2023. Read More here.

PORTFOLIO ACQUISITION

TRIBAL ACQUIRES PAYKII, A GLOBAL PAYMENT PLATFORM

- The acquisition entails full integration of Paykii's product features into Tribal's products. Paykii offers a smarter and faster way of paying bills to third parties, national and international, and in multiple markets.
- Founded in Monterrey, Mexico, in 2015, Paykii offers a financial services platform that has transformed the future of bill payments with a global footprint in over 28 markets, processing every month above 700K transactions. More here.

ENABLE ACQUIRES PROFECTUS GROUP’S REBATE DEAL MANAGEMENT PLATFORM

- Enable expands in Australia with the acquisition of Profectus' Rebate Deal Management (RDM) software platform. Profectus also secures a stake in Enable while the partnership facilitates global market entry. The partnership ensures Enable's existing customers can gain access to elite auditing and compliance technologies and services from Profectus. More here.
- With 400 employees, up from 100 employees two years ago, and thousands of companies using Enable across North America, Europe, and Australia, Enable continues to support the imperative need for efficient rebate management and rebuilding trust between trading partners. More here.

PORTFOLIO PARTNERSHIP

Parade Announces a Partnership with DAT Freight & Analytics to Power Parade’s Capacity-Based Pricing Tool Called “Advantage”

- DAT operates the largest truckload freight marketplace in North America. More here.

ALICE Technologies and Align JV Partner on HS2, The Biggest Rail Investment Ever Made in the North of England

- Align is delivering the C1 package of the high-speed railway. Watch the video to learn more or read the full Alice Technology case study here.

Lockheed Martin, Ayar Labs Partner to Advance Microchip Connectivity for Next Generation Sensory Systems

- The new platforms could be used across Department of Defense (DoD) applications to capture, digitize, transport, and process spectral information. More here.

NASRDA, RBC Signals Partner On Effective Utilization Of Ground Station

- RBC Signal’s goal is to have a platform with a network of ground stations that can be a center of coordination for satellites and ground station-related activities. More here.

PORTFOLIO ACKNOWLEDGMENT

TIME’s 200 Best Inventions 2022

- Find out why Astranis MicroGEO is one TIME's 200 Best Inventions of 2022. Read more here.

- Find out why Twelve CO₂ Transformation Device is one TIME's 200 Best Inventions of 2022. Read more here.

Fast Company’s “Next Big Things in Tech” list honors companies that are creating breakthroughs that will benefit humanity.

- Activ Surgical's “ActivSight” imaging module is included as one of the 10 next big things in health on this year’s list. More here.

PORTFOLIO HIGH-ACHIEVERS

- Exo CFO Lori Munoz Wins Stevie Award for Women in Business. Executive honored for leading Exo’s business growth and fostering its mission to bring medical imaging everywhere. More here.

- Tom Calef CTO of Activ Surgical Recognized as "One of the Top 5 CTOs to Watch" by The Silicon Review. More here.

PORTFOLIO GREEN LIGHT

Activ Surgical Secures CE Mark Approval for ActivSight™ Intelligent Light

- The CE Mark validates that ActivSight meets the requirements of the European Medical Devices Regulation, allowing Activ Surgical to commercialize the enhanced imaging system across the European Union and other CE Mark-required regions. More here.

PORTFOLIO INNOVATION

Activ Surgical Brings Real-Time AI To Their Surgery Platform Using Newly Launched NVIDIA IGX. More here.

Astranis Is Revolutionizing Satellite Communications, So It Only Makes Sense That Its Marketing Is Just As Bold. More here.

Brave Publishes Brave 1.46, a New Iteration of its Desktop Browser. More here

CoinList Unveils New Security Feature, Wallet Link. More here.

Dapper Labs Unveil “LaLiga Golazos” Digital Collectibles. More here

Dapper Labs Flow Town Hall: 2022 Recap and What's To Come in 2023. More here.

Enable Releases its 2022 State of Volume Rebates for Distributors and Manufacturers. More here.

Ledger Investing Announces Secondary Trade for its Casualty Insurance Securitization. More here.

Parade Announces the Release of Two New Products. More here.

Tribal Launches New Blockchain-Based Customer Rewards. More here.

PORTFOLIO SPOTLIGHT

- See how the Hawaiian Dredging Construction Company used ALICE Technologies to optimize preconstruction planning and sequencing on its $88 Million senior housing project in Honolulu. Built on a 12,591-square-foot former parking lot, this project will be 20 floors high with a total of 224 housing units. Read case study here.

- Podcast Pick: “Engineering Proteins To Enhance Medicine With GRObio. In this episode, CEO Dan Mandell discusses the building blocks of amino acids, what “nonstandard amino acids” are, and what GRObio is doing with them, the key properties that GRObio is building into proteins, and how this can improve the immune system; and how antigens influence the immune system’s functionality. Listen to the podcast here.

Disclosure: This presentation is not an offer to sell securities of any investment fund or a solicitation of offers to buy any such securities. Securities of any fund (the “Fund”) managed by Rising Tide Fund Managers, LLC (the “Rising Tide”) are offered to selected investors only by means of a complete offering memorandum and related subscription materials which contain significant additional information about the terms of an investment in the Fund (such documents, the “Offering Documents”). The portfolio companies described herein do not represent all the portfolio companies purchased, sold or recommended for portfolios advised by Rising Tide. The reader should not assume that an investment in the portfolio companies identified were or will be profitable. Past performance is not indicative of future results. Investors should be aware that a loss of investment is possible. The information in this presentation was prepared by Rising Tide and is believed to be reliable. Rising Tide makes no representation as to the accuracy or completeness of such information. Opinions, estimates and projections in this presentation constitute the current judgment of Rising Tide and are subject to change without notice.