Deep Tech Fund 2 Newsletter — Q1 2022
Content at the intersection of entrepreneurship, venture capital, and Deep Tech trends
IN THIS ISSUE: Highlighting the newest investments in the Deep Tech Fund 2 portfolio, recent news about portfolio companies, innovative portcos in the spotlight, and more.
Deep Tech Fund 2 News
Catch up on the latest content from Alumni Ventures about our Deep Tech Fund, including spotlights on portfolio companies, AVTV features, announcements, and more.
Alumni Ventures TV
AVTV features companies across Alumni Ventures’ entire portfolio, sharing their stories and asks with our community. Today, hear founder stories and asks from…
…Roozbeh Ghaffari of Epicore, a company developing wearable biomarker technology that monitors wearers in real time.
See video policy below.
New Investments
Deep Tech Fund 2 has added several new companies to the portfolio. Read about the latest investments below.
- Appaegis, a secure, agentless, zero-trust solution connecting authorized users and devices to enterprise applications in a cloud-native environment
- Cambrian, a company developing medicines and therapies targeting the biological drivers of aging
- Divergent, a platform for automakers to design and build new cars quickly while lowering capital investment, production costs, and their environmental footprint
- Epicore Biosystems, a company whose wearable, patch-like analytics solutions noninvasively measure sweat biomarkers, skin health, and physiology in real time
- Looking Glass, a developer of holographic light field displays that enable enterprises and individuals to create and showcase 3D designs
- Qredo, a company leveraging a decentralized custodian protocol to deliver unique solutions for securing and trading digital assets
- Radian Aerospace, a developer of low-Earth space systems aimed at giving commercial and government customers easy access to orbital space planes
- Skysafe, an airspace management platform enabling clients to maintain airspace security through detecting and controlling malicious and/or reckless drones
- X-Energy, a nuclear energy developer providing smaller, simpler, and melt-down-proof reactors
- Xplore, a Space-as-a-Service company providing hosted payloads, communication relay services, and exclusive datasets to its customers via its multi-mission spacecraft
Investors: To learn about all the new additions to your portfolio, click the button below to log in to the Investor Portal.
Deep Tech Fund 2 Portfolio Spotlight
The market for holographic displays is growing; by 2024, it’s anticipated to reach $2.5B. However, existing 3D hardware for holographic technology requires bulky headgear, inconvenient UX systems, and other burdensome technology. In addition, there are major performance and cost issues that prevent widespread adoption. AV portfolio company Looking Glass Factory is shifting this paradigm with its fully functional holographic displays. Its cost-effective, high-performance solution is already the most widely adopted holographic display on the market. Read More »
Portfolio Update: Rigetti Computing
Earlier this year, we updated investors on Deep Tech Fund 1 portfolio company Rigetti Computing. The full-stack quantum computing company has completed its reverse merger transaction with Supernova Partners Acquisition Company II (“Supernova”). It is now listed publicly on the Nasdaq exchange under the name Rigetti Computing, Inc. (ticker symbol RGTI).1
Currently, most of our holdings are subject to a 180-day lockup. Taking into consideration AV’s Policies for Potential Exits, we will be considering our exit approach as this date comes closer. We will update investors again as more information becomes available.
If investors have any questions or would like to discuss our current fund, do not hesitate to reach out to our Investor Relations Team.
Deep Tech Fund 2 Portfolio Companies in the News
- Classiq Collaborates with NVIDIA to Accelerate the Path to Quantum Advantage (BusinessWire)
- Quantum Machines Acquires QDevil to Build Out Its Full-Stack Quantum Orchestration Platform (TechCrunch)
- Epicore Biosystems Announces $10M Series A Investment for Personalized Hydration and Metabolic Health (Yahoo! Finance)
- Appaegis raises $7.7M to deliver data-centric zero trust by federating identity and authorization (Help Net Security)
- Hedron, formerly Analytical Space, raises $17.8 million (SpaceNews)
1 Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and this fund involves substantial risk of loss, including loss of all capital invested. see the performance of each exited investment for all Alumni Ventures funds over the last twelve months and our historical performance since 2014, click here.
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