116 Street Ventures Community Newsletter — August 2022
Content at the intersection of entrepreneurship, venture capital, and our Columbia community.
IN THIS ISSUE: Recent portfolio updates, join an intro to the fund call on August 25 or September 8, community and portfolio news, and more.
Connect With Us To Learn More About 116 Street’s 2022 Fund!
We invite you to learn more about 116 Street Ventures during a team call on August 25 or September 8, or schedule a 1×1 call with our team for specific questions. You can also visit our secure portal to access all fund materials.
New to the fund? Sign up here.
116 Street Portfolio Updates
Slingshot Aerospace fuses data from satellites, drones, ground sensors, etc., to provide a dynamic picture of real-time conditions to help governments and commercial space organizations make rapid, data-driven, mission-critical decisions in space. 116 Street Ventures deployed capital in the company’s $25 million Series A-1 led by Draper Associates and ATX Venture Partners. This most recent round of capital will go toward commercializing new products and hiring new employees.
Aquabyte’s aquaculture monitoring systems use cameras and machine learning to improve fish farming efficiency. 116 Street Ventures deployed capital in the company’s recently announced $25 million Series B led by SoftBank Ventures Asia. This round of funding will help Aquabyte further scale its business, monitor more species in more countries, and help fish farms sustainably and efficiently feed the world.
116 Street Portfolio Companies in the News
- Innoviti Receives Payment Aggregator License From RBI (The Paypers)
- Capella Space Adds Satellite Imagery to AWS Open Data Registry (Satellite Today)
- Capital Rx’s Model Contract Meets Validation Institute Standards for Transparency (PR Newswire)
- Safe, Innovative School Transportation Solution HopSkipDrive Releases Third Annual Safety Report (PR Web)
FOR CURRENT INVESTORS
Thinking of becoming an investor? Access Materials »
The Anatomy of a Venture Exit
Our latest eGuide explores four different exit strategies — initial public offerings (IPOs), mergers and acquisitions, special-purpose acquisition companies (SPACs), and liquidation using examples from our portfolio. Visit our Club portal to read the piece and other exclusive content from Managing Partner Ludwig Schulze and our team. Visit Club Portal »
Campus and Community Update
Columbia University recently welcomed the National Science Foundation’s Dr. Erwin Gianchandani to its Morningside Heights campus to discuss several emerging models for encouraging partnerships between industry and venture firms. Learn More »
What’s New at Alumni Ventures
AV Talent Referrals
Interested in joining a cutting-edge startup or know someone who might be? Our portfolio companies are growing and always looking for high-caliber talent. Check out their open positions on our job board. If you find a match, fill out this short form, and we will try to make a personal referral. Visit Job Board »
Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.