What’s New @ AV — Issue #3

We share important news happening at Alumni Ventures, including recent portfolio updates and exits

Written by

Alumni Ventures

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2 min

Welcome to “What’s New @ AV,” where we cover important updates from Alumni Ventures and our portfolio. This month, we share some of our notable exits, uprounds, and investments, including Knix, Robyn, Cultured Decadence, and more.*

See video policy below.

Recent Exits

Knix finalized its acquisition agreement with hygiene and health company Essity, valued at $320 million. Knix develops seamless, comfortable, and chafe-free women’s intimate apparel.

AV Funds Invested in Knix: The Yard Ventures, Impact Fund, Total Access Fund

Robyn agreed to a two-year investment agreement with Ferring Pharmaceuticals, which includes an acquisition option. Robyn is a digital health platform that connects expectant families to maternal wellness service providers via an online managed marketplace.

AV Funds Invested in Robyn: Seed FundTotal Access Fund

Cultured Decadence finalized its acquisition agreement with UPSIDE Foods. Cultured Decadence is a cell-cultured protein startup focused on recreating the tissues of shellfish in a laboratory, starting with cell-cultured lobster meat.

AV Funds Invested in Cultured Decadence: Bascom Ventures, Total Access Fund

Portfolio Fundraising News

Ion Storage Systems announced a $30 million Series A led by Toyota Ventures. The company is developing safe, high-energy batteries for sectors like consumer electronics, automotive, and stationary storage.

AV Funds Invested in Ion Storage Systems: Purple Arch Ventures, Total Access Fund

Kinside announced a $12 million Series A led by Wellington Access Ventures. The company centralizes local childcare openings on a single platform, making it easier for parents to find convenient care.

AV Funds Invested in Kinside: The Yard Ventures, Impact Fund, Total Access Fund

Kryptomon announced a $10 million round led by NFX, with participation from Citigroup’s former CEO. Since February 2022, Kryptomon’s play-and-earn NFT gaming platform has generated $13 million in transactions.

AV Funds Invested in Kryptomon: Purple Arch Ventures, Total Access Fund

Portfolio Companies in the News

FreeWire Technologies was recently selected by Phillips 66 to support the company’s first electric-vehicle charging program in the U.S. FreeWire is a leading manufacturer of battery-integrated electric vehicle charging stations and power solutions.

AV Funds Invested in FreeWire: Strawberry Creek Ventures, Chestnut Street Ventures, Spike Ventures, Towerview Ventures, Deep Tech Fund, Total Access Fund

AV invested in Gametime’s recent $30 million Series C led by Nimble Ventures, with participation from Accel and Google Ventures. The company’s mobile ticketing platform sells tickets for an array of sports, music, and theater events in cities across the U.S. and Canada.

AV Funds Invested in Gametime: Blue Ivy Ventures, Westwood Ventures, Total Access Fund

Moving Analytics recently announced a $20 million Series A. Alumni Ventures invested alongside Philips Ventures, the VC arm of multinational healthtech corporation Philips. Moving Analytics has developed an interactive, remote, and physician-supervised virtual cardiac rehabilitation program.

AV Funds Invested in Moving Analytics: Lakeshore Ventures, Waterman Ventures, Total Access Fund

Good News @ AV

Alumni Ventures earned a spot on the Inc. 5000, an annual list of the fastest-growing private companies in the U.S. Inc. commended AV’s mission of “making VC accessible like never before by building diversified portfolios featuring exciting, tech-driven companies.”

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Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.

*For illustration purposes only. These investments are not intended to suggest any level of investment returns; not necessarily indicative of investments invested by any one fund or investor. Many returns in investments result in the loss of capital invested. These investments are not available to future fund investors except potentially in certain follow-on investment options. To 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.