Global Fund Newsletter — Q2 2022

Content at the intersection of entrepreneurship, venture capital, and emerging markets trends.

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IN THIS ISSUE: Highlighting the newest investments for the Global Fund 2 (formerly Emerging Markets) portfolio, recent updates about portfolio companies, innovative portcos in the spotlight, and more.

Global Fund 2 Portfolio Spotlight

In 2013, only four major startup ecosystems — including New York City and Silicon Valley — were responsible for producing billion-dollar exits. Now, the number of ecosystems has expanded to 80 locations across the globe. But as companies are becoming more international, banking solutions remain local and country specific. AV portfolio company Jeeves is stepping in to meet these companies’ global banking needs. Offering payments, lending, and treasury functions with its cross-country, cross-currency expense management platform, Jeeves is transforming the way international companies do business.  Read More »

Other New Investments

Since our last investor update, AV’s Global Fund 2 has continued to deploy capital, adding new companies and follow-ons across a diverse range of sectors, stages, and geographies. Learn more about these investments below.

  • Algolux, a developer of autonomous vision and imaging technology that uses machine learning, computational imaging, and image processing to enable vehicles to “see” the world, even in adverse conditions
  • Asto CT, a company pioneering the use of cutting-edge robotics with advanced multi-slice CT to provide state-of-the-art screening and diagnosis
  • Composer, a trading platform allowing users to build, test, and manage automated trading strategies without having to write a line of code
  • Divibank, a fintech company providing capital to Latin American (LatAm) startups and SMEs to boost their digital advertising programs through revenue-share agreements
  • Fleet Space Technologies, a nanosatellite developer providing direct, global access to a secure, low-cost, low-bandwidth platform ideal for machine-to-machine data exchange and connecting assets and environments in hard-to-reach places
  • Honest Bank, a fintech company launching credit and fair banking services for Indonesia and the greater Southeast Asian market
  • Klasha, a checkout platform for international retailers serving African customers that integrates directly into e-commerce websites
  • LoveLocal, an e-commerce platform bridging the gap between tens of millions of consumers and India’s 60 million retail shops by giving local retailers an online presence
  • Mendel, a decentralized expense reporting platform that combines expense management software with a smart corporate credit card
  • Moons, a LatAm orthodontic treatment company that provides 3D-printed, removable invisible aligners for patients
  • Printify, Inc., an on-demand custom printing service for e-commerce stores that simplifies and automates the process of sourcing and creating print-on-demand products
  • Risilience, a risk management platform enabling companies to gain valuable insights into their risk exposure
  • Solsten, a customer engagement platform rooted in the gaming industry that uses neuropsychological data to better understand audiences, as well as to locate, retain, and monetize users
  • Vahan, a company using artificial intelligence to match job seekers with potential employers within messaging apps
  • YASSIR, a company building a “super app” for French-speaking Africa that provides an ecosystem of services including digital banking, food delivery, ride services, and more
To Be Announced:
  • Cloud-based enterprise software simplifying the e-commerce process in Latin America by connecting brands, wholesale distributors, and retailers with services like catalog standardization, marketplaces, traceability, logistics, and more
  • Video game studio focused on the future of AAA games with a ground-up solution enabling emerging forms of interactive entertainment within games and user-generated content
  • Online document management and financial services software for LatAm companies seeking to verify employment data and identity
  • Payments solution giving B2B SaaS companies the ability to own their payments experience, control funds, and monetize financial services

Follow-on Investments

  • Honest Bank, a fintech company launching credit and fair banking services for Indonesia and the greater Southeast Asian market
  • Solsten, a customer engagement platform rooted in the gaming industry that uses neuropsychological data to better understand audiences, as well as to locate, retain, and monetize users
  • TripleBlind, a company providing digital privacy as a service with a suite of tools that enables companies to safely provide and consume extremely sensitive data and algorithms in encrypted space

Investors: To learn about all the new additions to your portfolio, click the button below to log in to the Investor Portal.

Video Spotlight: LoveLocal

Today, nearly all Indian consumers shop at local stores transacting in cash and running offline. While India has about 60 million neighborhood shops, only about 5% of those stores have digitized — representing a $1.1 trillion market opportunity. LoveLocal, a company dubbed “the Shopify of India,” is disrupting this market with its e-commerce platform. With 11,000 shops already onboarded across more than 35 cities and over 625,000 consumer app installs, LoveLocal is transforming shopping in India. Read More »

More Global Fund Investment Stories

Catch up on the latest content from Alumni Ventures about our Global Fund, including spotlights on portfolio companies, AVTV features, announcements, and more.

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