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Dear Esteemed Partners and Friends,
It’s been a wonderful quarter – as innovative, exciting, and progressive as one would hope. Brilliant entrepreneurs we seed-financed in the last four years are leading 70+ companies in promising, innovative verticals including Artificial Intelligence, Blockchain, Deep Technology, and Healthcare. The overwhelming majority are on a fast track, having raised $2.1 billion+ in follow-on financing to accelerate growth and international expansion. We are actively managing the portfolio and, are also excited to continue backing standout performers in future rounds. Highlights are briefly summarized in this report.
We hope you’ll enjoy and as always, send us your suggestions at info@rtf.vc. Additionally, hang with us on these social sites for updates through the quarter: Linked-in here; Twitter here.
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Making Sense of Bitcoin, Cryptocurrency and Blockchain
Understanding blockchain starts with understanding bitcoin, or at least what it is trying to be. Bitcoin as a token, is a digitally-native, non-government issued currency. On the other hand, Bitcoin as a blockchain network is a proposed evolution of money; it is an evolution of the system humans have adopted as a means to create, store, and transact value. Read more
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Rising Tide's Growing Blockchain & Crypto Portfolio
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Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance.
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Blockstack is building a new decentralized Internet by giving developers the ability to build blockchain powered applications on decentralized DNS (Domain Name System) servers. End users of these applications regaining control over their own data, bypassing middlemen, passwords, and insecure data silos.
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Brave is building a fast, open source, privacy-focused browser for mobile and desktop devices that blocks invasive ads and trackers while growing support for content creators through a new attention-based ecosystem of rewards. The Basic Attention Token (BAT) fuels the Brave browser, which aims to revolutionize digital advertising through blockchain technology.
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CoinList is a holistic platform for crypto asset-related financial services. It offers token listing solutions for select token issuers as well as token investing, trading, and management solutions for platform investors.
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Dapper Labs brings the benefits of decentralization to the first billion consumers through the power of play, fairness, and true ownership. The company is best known as the creator of NBA Top Shot and CryptoKitties, popular marketplaces for tokenized digital collectibles.
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Messari’s mission is to promote transparency and smarter decision-making in the crypto asset community. The company’s open-source data library helps researchers, investors, and regulators make sense of the industry
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Staked provides yield-optimizing cryptoasset ‘Staking’ and lending solutions for individual investors, institutional investors, exchanges, and crypto-custodians.
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Messari Hosts ‘Mainnet’: New York City. September 20-22, 20121
Mainnet is an immersive, agenda-setting annual summit hosted by Messari. The summit gathers crypto leaders, operators, builders, and investors for three days of future-focused collaboration, networking, and programming. With 150+ speakers and 2000+ pass holders, attendees should expect interactive discussions, hands-on product demonstrations, and one-on-one meeting opportunities with leaders in the space.
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Volta Labs Sponsors SFAF Conference. Santa Fe, New Mexico: September 28-30, 2021
“Sequencing, Finishing and Analysis in the Future” (SFAF) is an annual meeting dedicated to bringing together experts in the genomics field—including representatives from the industries that serve this specialized scientific community. The three-day SFA²F conference will focus on Next Generation Sequencing technologies, applications and their effect on the rapidly advancing field of genomics. Volta Labs is a proud sponsor.
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Enable, the SaaS Solution for B2B Rebate Management, Secures $45 Million Series B
Disrupting the Trillion Dollar Deal Economy
Enable, a cloud-based software solution for B2B rebate management, secured a $45 million Series B funding round to fuel the company’s growth plans. This latest round brings the company’s total funding to $62 million.
Launched in 2016, Enable’s software is used by procurement and finance professionals in distribution and manufacturing across over 50 industries so that they can have an easy, seamless solution to execute and track their full range of trading programs. These departments were previously using manual tools and disparate systems that brought numerous errors and miscalculations resulting in 4% of potential rebate revenue going unclaimed. The company has tripled its customer base and doubled its talented team in just one year.
Rising Tide blog is found here.
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Exo Secures $220M in Series C Funding Round
Taking Medical Imaging Where You Never Thought It Could Go — Everywhere
Exo , a pioneering health information and devices company, closed a $220 million Series C investment round that will fund the commercialization of its handheld ultrasound device and its intuitive point-of-care ultrasound workflow solution, Exo Works.
Exo’s handheld ultrasound device will use radically new materials, processes and AI in an effort to generate unrivaled image quality, definition and depth at an affordable cost. This scalable technology will allow Exo to widely distribute a device that aims to decentralize ultrasound while making it accessible everywhere.
Rising Tide blog is found here.
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Molecular Assemblies Closes $24 Million Series A Financing
The Future is In Our DNA
Molecular Assemblies announced that it has closed an oversubscribed $24 million Series A financing with proceeds of the financing will be used to advance the company’s proprietary enzymatic DNA synthesis technology toward early commercialization efforts.
Synthetic DNA is used in a wide range of applications, including life science research, biologic therapeutics and diagnostics, data storage, nanotechnology, and industrial processes for agriculture, plastics, fermentation, and bio-materials, such as leather or spider silk. However, the full potential of synthetic DNA has not been realized due to the cumbersome process of chemical DNA synthesis.
Rising Tide blog is found here.
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Twelve, Formerly Opus 12, Secures $57 Million in Series A Funding
Announces carbon transformation partnerships with Mercedes-Benz and Procter & Gamble to convert CO2 emissions into essential products
Carbon transformation startup Twelve has raised $57 million in Series A funding. Twelve is pioneering a new market category called carbon transformation with its proprietary catalyst technology that transforms CO2 into critical chemicals, materials and fuels that are conventionally made from fossil fuels. Using Twelve’s technology, industry and brands can meet emissions targets faster while creating essential products—from the foam in running shoes, to the polymers in automobile dashboards, to aviation fuel, to laundry detergent—at the same or higher quality as conventional products made from petrochemicals.
The company is currently partnering with automotive, household, apparel industry and other brands, including Mercedes-Benz, Procter & Gamble, and the U.S. National Aeronautics and Space Administration (NASA) to leverage Twelve’s carbon transformation technology to reduce emissions by creating CO2 made products and fuels. Learn more here.
Rising Tide blog is found here.
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- Brave Passes 36 Million Monthly Active Users. Learn more here.
- Brave BAT Roadmap 2.0: Update 2. Learn more here.
- Introducing CoinList Karma: Earn Rewards For Advancing Crypto. Learn more here.
- Armory Now Available for Fast Continuous Delivery on AWS Quick Start. Learn more here.
- Armory Names Jim Douglas as CEO. Learn more here.
- How Stacks 2.0 Builds dApps and Smart Contracts on Bitcoin. Learn more here.
- Castle: Announcing the Event Explorer. Learn more here.
- Google partners with NFT leader Dapper Labs to support Flow blockchain. Learn more here.
- Dapper Labs creates NFT-based WNBA Moments on Top Shot. Learn more here.
- Enable Continues Global Expansion with New Toronto-Based Office. Learn more here.
- Finaeo Feature: Marketplace. Learn more here.
- Finaeo: Technology is Transforming the Insurance Industry. Learn more here.
- Precision NanoSystems sets time and place to open new Genetic Medicine GMP Biomanufacturing Centre in Vancouver, BC. Learn more here.
- NXM Labs Unveils First PSA Compliance Platform that Simplifies Arm-based Chip Security Across the IoT Supply Chain. Learn more here.
- Quanergy Deploys First LiDAR People Counting Installation for Tourism in South Korea. Learn more here.
- Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range. Learn more here.
- Volta Labs: A new type of biotechnology company. Lean more here.
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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.
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