PORTFOLIO IMPACT REPORT - 2020 PNPTC.COM/SUSTAINABILITY
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PORTFOLIO IMPACT REPORT 2020 PNPTC.COM/SUSTAINABILITY
CEO Foreword
"I believe when we bring together all the
stakeholders—large corporations, entrepreneurs,
startups, and universities—you can create real
change. By devoting resources and attention
to this global issue of plastic waste, we can make
PORTFOLIO IMPACT REPORT 2020
a difference in the environment. Through this
platform, I commit to spend more of my time on
Saeed Amidi sustainability-focused initiatives and will invest
CEO & Founder in 20 startups in this space per year.”
2
2
Table of contents
DATA SOURCES
PAGE
16 Applyboard The "Portfolio Impact Report 2020” is the results
Introducing 18 Basepaws of a qualitative survey conducted among our portfolio
4
Plug and Play 20 Beehero startups by our sustainability ventures team.
22 Bluespace.ai The 20 respondents provided the data and insights
24 Bold Health reported. Additional data and pictures were retrieved
Impact Portfolio 26 Breezometer from startups’ websites.
9
Summary 28 Carbon Analytics Fundraising data are polled from crunchbase.com
30 Bond Pet Food
32 Checkerspot
PORTFOLIO IMPACT REPORT 2020
Startups 34 Ducktrain
15
Spotlight 36 Headstart
38 Ketos
40 Knightscope
Sustainability 42 Limbix
57
Team 44 Miraculex
46 Meru Health Logos, descriptions, locations and industry data are
48 Owkin collected from Playbook, Plug and Play’s proprietary
Startups 50 Sapient Industries software, to discover, meet, and partner with the best
58 3
Quick Details 52 Second Nature startups in your industry. Visit playbook.vc to know
54 Telesense more about our open innovation software.
INTRODUCING
PLUG AND PLAY
PORTFOLIO IMPACT REPORT 2020
THE ULTIMATE OPEN INNOVATION PLATFORM
4
Introducing Plug and Play
VENTURE CORPORATE ACCELERATOR
CAPITAL INNOVATION PROGRAMS
We invest in over 200 We run over 60
PORTFOLIO IMPACT REPORT 2020
We supercharge the
companies worldwide innovation of over 400 accelerator programs
every year and major corporations a year in most major
co-invest with 180 VCs from every continent industries and cities
5
A Selection of Our Prior Investments
PORTFOLIO IMPACT REPORT 2020
6
6
A Selection of Our Corporate Innovation Partners 400+ Corporate Partners
PORTFOLIO IMPACT REPORT 2020
7
Our Accelerator Programs 30+ Locations, 60+ Programs
Amsterdam
Hamburg
London
Berlin
Fargo Paris Frankfurt
Detroit Stuttgart Vienna
Cleveland Geneva Munich
Beijing
Madrid Milan
Topeka Valencia Tokyo
Silicon Valley Northwest Arkansas Kyoto
Osaka
Headquarters Houston Morocco Shanghai
Chongqing
PORTFOLIO IMPACT REPORT 2020
Abu Dhabi
Shenzhen
Bangkok
Jakarta
Singapore
São Paulo
SUSTAINABILITY PROGRAMS
South Africa 8
PORTFOLIO IMPACT
SUMMARY
PORTFOLIO IMPACT REPORT 2020
A BREAKDOWN OF THE STARTUPS FEATURED
9
Portfolio Startups Featured For more info p.58
EDUCATION HEALTHCARE FOOD & AGRICULTURE MOBILITY HEALTHCARE
FOOD & AGRICULTURE HEALTHCARE ENERGY NEW MATERIALS MOBILITY
PORTFOLIO IMPACT REPORT 2020
ENTERPRISE TECH WATER TECH SECURITY HEALTHCARE HEALTHCARE
10
FOOD & AGRICULTURE HEALTHCARE ENERGY HEALTHCARE FOOD & AGRICULTUREImpact Snapshot
#20 $4.5M $400M
PORTFOLIO IMPACT REPORT 2020
OUR IMPACT IN CAPITAL INVESTED RAISED BY
INVESTMENTS ACROSS THESE COMPANIES IN OUR
TO DATE COMPANIES IMPACT PORTFOLIO
11BASED ON
SASB AREAS
Impact Startups Grouped by SASB Area
ENVIRONMENT SOCIAL CAPITAL HUMAN CAPITAL
PORTFOLIO IMPACT REPORT 2020
12
12Our Portfolio Touches Each of the UN’s SDGs
PORTFOLIO IMPACT REPORT 2020
13UN’s SDGs Touched by Each Startup
Applyboard
Basepaws
Beehero
Bluespace.ai
Bold Health
Breezometer
Carbon Analytics
Bond Pet Food
PORTFOLIO IMPACT REPORT 2020
Checkerspot
Ducktrain
Headstart
Ketos
Knightscope
Limbix
Miraculex
Meru Health
Owkin
Sapient Industries 14
Second Nature
TelesenseSTARTUPS SPOTLIGHT
PORTFOLIO IMPACT REPORT 2020
A 2-PAGER PER EACH COMPANY
TACKLING A WORLD WIDE ISSUE
15ApplyBoard
ApplyBoard is a SaaS-enabled marketplace China, Nepal, Vietnam, and India, the platform
uniquely designed for international students to also acts as a secure space for students to keep
apply to study at the best institutions of higher the required documents to make the process as
education globally. Created in 2015, the seamless as possible. ApplyBoard is a powerful
company revolutionizes the way students solution for the industry and provides students
experience the application process. Based in with everything they need to successfully study
Canada’s tech hub, Waterloo region, and with abroad.
offices across various countries including
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → APPLYBOARD.COM
1M 4,000 110+
STUDENTS PARTNER SOURCING
SUPPORTED INSTITUTIONS COUNTRIES
16
APPLYBOARD.COMApplyBoard
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
ApplyBoard was founded in 2015 by In 2020, ApplyBoard hit an exciting COVID-19 is having an incredibly large
Martin, Meti, and Massi Basiri. The milestone - it helped 100,000+ impact on education. ApplyBoard is
PORTFOLIO IMPACT REPORT 2020
brothers came to Canada as Iranian students along their journey to study looking forward to being the solution
international students, and abroad. With ApplyBoard celebrating that enables students to continue their
experienced first-hand exactly how its 5-year anniversary in May 2020, it study abroad journey. Its online platform
difficult it is to navigate the is starting to see the first batch of enables students to continue their
traditional study abroad search and ApplyBoard students graduate from research on institutions and programs
application process. With the belief post-secondary institutions in from their homes, and when ready,
that education is a right and not a Canada and the United States. submit their application to study abroad.
privilege, the brothers founded A video highlighting the success It anticipates that digital recruiting and
ApplyBoard to empower people v
story of one of ApplyBoard’s many support will become even more
17
around the world to access the best international students is available important in 2021, even becoming the
educational opportunities available. here. new normal for study abroad.Basepaws
Basepaws is a pet genetics platform personalized pet products & services.
designed to provide consumer genetic Basepaws has created a direct-to-
tests for cats. The company has consumer feline DNA test, focusing on
developed the first commercial delivering breed and trait information
genetic test for cats, and focuses on and actionable health insights.
using DNA information to create
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → BASEPAWS.COM
BOND WIN ADOPTION
BOND HUMAN ERADICATE GET ANIMALS
AND ANIMAL GENETIC DISEASE ADOPTED
18
BASEPAWS.COMBasepaws
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
The founder’s cat got sick Basepaws launched a tele- Basepaws is excited to
PORTFOLIO IMPACT REPORT 2020
and wanted to learn more coaching service that helped bring more value to pet
about how genetics can pet owners connect and parents and create a better
help deal with chronic solve for pet behavior issues. world for pets with science
issues. Now this is a part of its brand at the core. The company
and Basepaws helps newly- plans to make Coach My
adopted pets stay healthy Cat a standard in cat
and well behaved, and stay behavior and coaching.
19
out of shelters.
19BeeHero
BeeHero is maximizing crop yields through pollinators that can increase crop yields by 30%
pollination. The company’s technology on average. Beehero’s platform already enables
combines sophisticated machine learning commercial growers to optimize crop-yield for
algorithms with low-cost sensors to stimulate 70% of major commercial crops. Based in
full output potential during peak pollination California and operating globally, BeeHero
cycles. By tracking and optimizing pollination in manages the largest database of bees &
real-time, BeeHero ensures hyper-efficient pollination.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → BEEHERO.IO
-20% +30% 100M
BEE MORTALITY CROP YIELDS HIVES
RATE ON AVERAGE WORLDWIDE
20
BEEHERO.IOBeeHero
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
It's a combination of a A beekeeper was notified to Scaling the amount of acres
PORTFOLIO IMPACT REPORT 2020
broken market with a real visit a bee-yard during a BeeHero services in
need, with a significant pollination season in almonds. It is looking to
input for our planet. almonds to treat queen pollinate 18K acres in 2021,
BeeHero utilizes technology failure, and managed to and is excited to build yield
to increase yields by save 20% of the hives in the assessments models based
optimizing pollination yard. on pollination activity.
cycles, while taking care of
21
the bees’ welfare.
21BlueSpace.ai
BlueSpace provides accessible and Unlike other solutions, BlueSpace’s
sustainable urban mass transit by approach knows for certain if the
fostering a faster and safer path to pedestrian is moving toward the
driverless with next-gen AV. vehicle. Direct doppler measurement
BlueSpace 4D perception gives is a constraint on possible pedestrian
guaranteed motion bounds, the velocity.
vehicles can brake gradually.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS (PRE-MARKET COMPANY) → BLUESPACE.AI
TIME FUEL SAVINGS
SAVED EFFICIENCY ON
INFRASTRUCTURE
22
UNSPLASH.COMBlueSpace.ai
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
BlueSpace strongly believes The company does not have BlueSpace is looking
PORTFOLIO IMPACT REPORT 2020
that physical mobility products out on the market forward to making AV buses
enables social and currently. available to the public.
economic mobility.
Autonomous vehicles can
democratize access to
quality education, jobs and
healthcare.
23
23Bold Health
Bold Health is a digital therapeutic platform app for Irritable Bowel Syndrome (IBS), based
that leverages evidence-based cognitive on a proven CBT protocol. Zemedy is being
behavioral and stress reduction therapies to validated in a clinical trial with UPenn and other
help patients with chronic digestive conditions studies with Stanford and University College
to better manage and treat their physical and London Hospital, receiving rave reviews in its
mental health. public beta testing, and has generated revenues
The company's first product is called Zemedy, from a pharma pilot.
the world's first integrative digital therapeutic
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → BOLD.HEALTH
-72% -60% +30/50% +30%
OF GUT PAIN MENTAL HEALTH QUALITY
SYMPTOMS MARKERS OF LIFE
24
BOLD.HEALTHBold Health
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
The CEO suffered with several One of Bold Health’s users who has Growth in the US market with
PORTFOLIO IMPACT REPORT 2020
digestive conditions growing up, had to quit jobs because of the employers and health plans!
and after getting rid of her suffering caused by her IBS shared
problems, she realized how how she is finally finding relief:
prevalent this problem is: 74% of “This app has made a significant
population experience at least one effect on my IBS. It is the first time I
digestive symptom every week, have been supported with my
and 25% suffer with a chronic GI symptoms, but also with the
condition. Bold Health can change psychological effect of having IBS.
this with digital solutions by I see it as a friend who supports me
25
providing effective, accessible and both emotionally and physically!”
effective digital therapies.
25Bond Pet Foods
Dogs and cats thrive on meat-based diets, but same principles and processes that are
the team at Bond is not fans of how meat is employed in craft brewing and cheese (rennet)
sourced and made (animal welfare, pathogen manufacture, the company grows high-quality
contamination, sustainability). animal proteins through fermentation, harvests
Bond Pet Foods is reinventing pet nutrition, them to better meet the nutrition requirements
making dog and cat foods sourced from real of companion animals, and uses the ingredients
protein, without the animal. Using some of the as the foundation of its complete recipes.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS (PRE-MARKET COMPANY) → BONDPETS.COM
0%
ANIMAL
MEAT
26
BONDPETS.COMBond Pet Foods
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
Working on the Burger King The company does not have Scale up of Bond’s cultured
PORTFOLIO IMPACT REPORT 2020
advertising account opened products out on the market chicken protein.
the CEO’s eyes to the currently. Introduction of additional
challenges attached to SKUS in the first generation
conventional meat product portfolio (dog
production. treats).
27
27BreezoMeter
BreezoMeter provides an air-quality analytics governmental sensors, satellites, weather
platform intended to offer real-time, dynamic patterns, transportation dynamics and other
and location-based outdoor air quality data. sources. The solution enables businesses to
The company's platform uses proprietary add depth and value to their products or
algorithms to manage monitoring stations, services with detailed, hyper local air quality
readings as well as traffic patterns, wind and information.
weather characteristic, etc., derived from
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → BREEZOMETER.COM
5 METERS HOURLY 99%
RESOLUTION UPDATED REAL-TIME
OF AIR QUALITY ACCURACY
28
BREEZOMETER.COMBreezoMeter
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
Each day, 90% of people inhale UK based digital health company COVID-19 has shone a spotlight on
PORTFOLIO IMPACT REPORT 2020
microscopic pollutants in the air MyHealth integrated BreezoMeter the air we breathe. As more
they breathe. The Who considers air data to better assist chronic studies expose the link between air
pollution to be the world’s biggest disease sufferers with managing pollution and COVID-19 mortality,
environmental risk to human health. their symptoms. BreezoMeter predicts a surge of
BreezoMeter was born from a real- Neutrogena leveraged awareness around air pollution
world need to understand and Breezometer hyper-local data to exposure over the coming months
respond to the quality of the air in deliver exceptionally targeted and years. BreezoMeter is ready to
real-time. Our mission now is to messaging to promote their anti- answer the increased demand for
help improve the health and quality pollution urban skincare range. hyper-local, personalized and real-
29
of life for billions of people More case studies available here. time environmental data.
worldwide.Carbon Analytics
Carbon Analytics transforms a company's management. The platform automatically
accounting data into a highly visual, actionable parses a company’s purchases to produce
carbon footprint analysis. sustainability data on their company and supply
chain, quickly and affordably, allowing
Carbon Analytics is the data startup behind companies of all sizes to assess, report and
Insight, a SaaS platform built to be the take actions to improve impact.
Mint.com for businesses’ environmental
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → CO2ANALYTICS.COM
1,000 100/DAY 30 ZERO
NET
COMPANIES GLOBAL CARBON BUSINESS
CARBON CERTIFIED
SERVED CALCULATIONS UNITS ENGAGED*
COMPANY
30
CO2ANALYTICS.COM / UNSPLASH.COMCarbon Analytics
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
A lifelong desire to improve our Rebel Kitchen LTD, an alternative Huge growth! Carbon Analytics
PORTFOLIO IMPACT REPORT 2020
planet and society for a more milk company in the UK, measured has several fantastic integrations
enjoyable, healthy planet for all - their complete footprint with the and launches coming up later this
and specifically in this company, a Carbon Analytics platform and with year that will grow the user base
belief that our economy can't fully its support, offset their carbon and impact by orders of
transform to where it needs to be footprint including their entire magnitude. The team is hard at
without an upgrade to the supply chain - and then recruited 3 work to secure capital and
underlying data infrastructure to of their sister food companies to resources to help complete this
include externalities like climate do the same. They generated successfully.
change, toxicity, land use and positive press for doing this and
31
water use. became Carbon Neutral years
ahead of when they expected to.
31Checkerspot
Checkerspot is a materials company. building blocks (such as triglycerides
Its innovation platform enables the and fatty acids) never available before
design - at a molecular level - of new at scale that can impart unique high
high performance materials, starting value physical properties for materials.
with next-gen polyurethanes and The approach is also more sustainable
textile coatings/finishes utilizing than relying on petrochemical inputs.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → CHECKERSPOT.COM
42% B 219 KG
BIO-BASED CONTENT CERTIFIED HDPE/ABS RECYCLED
REACHED IN A SKI CORPORATION IN SALT LAKE CITY
32
UNSPLASH.COMCheckerspot
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
Checkerspot exists because the world An example of Checkerspot’s ever The devastating pandemic has offered
PORTFOLIO IMPACT REPORT 2020
needs new materials designed to deepening relationship with its up an opportunity for a global reset
perform better but that are also less partner Beyond Surface Technology that is drawing even more attention to
toxic and safer for the environment, (BST), this last February, the importance of the role of science
and can be biomanufactured at scale. Checkerspot’s algae oil was used by and the fragility of global supply
Checkerspot's technology unlocks BST in their MiDori Biowicking chains. Checkerspot’s vision in 2021
this potential by accessing novel DNA application to coat performance wear is to continue to grow its community,
sequences encoding the pathways that was sold in all stores of the to work with partners and innovators
responsible for the synthesis of these German Coffee Shop and Lifestyle to further bring to life what is
building blocks and deploying it in a Brand, Tchibo. The products ranged possible with biomanufactured
33
scalable microbial expression system from men’s jackets to shorts and performance materials and to help
(fermentation). women’s t-shirts to running pants. address global challenges together.
33Ducktrain
Ducktrain is a short-range, low-footprint combined in platoons of up to five and follow
electric autonomous vehicles for a variety of diverse lead vehicles or pedestrians.
use cases in dense city and industrial Industrial - Ducktrain is designed to operate in
environments, specifically last mile delivery use a myriad of environments (outdoor, indoor). In
cases, industrial areas and buildings. an industrial context the vehicles can be
Urban - Using follow-me technology, Ducktrain deployed like AGVs and do not require a leading
will receive a series-vehicle certification to drive person or vehicle. Popular use cases include
on public road in 2021. The vehicles can be warehouse, factory floor, and air-side cargo.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → DUCKTRAIN.IO
CO2
INFRASTRUCTURE PARCELMAN
WEAR PER TIME
MATERIAL PER MATERIAL PER MATERIAL
TRANSPORTED TRANSPORTED TRANSPORTED
34
DUCKTRAIN.IODucktrain
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
Inefficient city logistics. Ducktrain’s customer Ducktrain is excited to
PORTFOLIO IMPACT REPORT 2020
highlights include signing a obtain road certification for
MoU with relevant its Gen1 vehicle, and to
European customers, and rollout the solution in
having great private demos multiple cities with
with relevant European and customers.
international customers.
35
35Headstart
Diversity in big companies is more than a nice learning and data insights, Headstart
idea. Yet, diverse candidates are often complements your existing talent acquisition
systematically excluded when it comes to system by identifying qualified candidates based
campus recruiting and high-volume hiring. on predicted success within your unique
Break the cycle of exclusion with Headstart, environment, instead of the traditional
diversity recruiting software that levels the qualifiers that frequently result in
playing field for all candidates by removing bias discrimination. That’s why, when it comes to
from recruiting processes. With machine diversity, Headstart is all-in.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → HEADSTART.IO
+15% +18% +100%
CHANCES OF AFRICAN CHANCES OF ASIAN FEMALE ENTRY
CANDIDATES CANDIDATES HIRING
36
HEADSTART.IOHeadstart
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
The world is fully aware that One of Headstart’s clients, a global The return of business to not so
PORTFOLIO IMPACT REPORT 2020
recruitment is broken and unfair. consultancy, has now begun to normal. Coronavirus, whilst
Everyone also knows the value of resell Headstart to their own devastating, has forced us to
diversity and more inclusive clients, resulting in a contract win - reconsider our lives and the way
teams and leadership, yet no one its largest to date - to run a pilot for we live and run organizations.
addresses the issue. Headstart the Ministry of Defense. This could Headstart is looking forward to
does. Its mission is to change the lead to winning the overall contract companies finally embracing a
face of future leadership, make which would give Headstart the new way of working and treating
organizations more inclusive, and opportunity to address inclusivity in human beings.
in turn vastly improve business the defense sector, a sector
37
performance. notorious for lack of diversity.
37KETOS
KETOS cares about delivering The company focuses on providing its
actionable data insights to help drive a customers an end-to-end solution
global impact with water safety and with innovative patent-pending
availability. hardware and software. KETOS brings
a disruptive convergence of water,
science, technology and data science.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → KETOS.CO
5M/2YEARS 2X DATA 2M
DATA POINTS ON BY ALL 50 STATES PLASTIC WATER
WATER QUALITY OF US IN 18 YEARS BOTTLES SAVED
38
©STAN OLSZEWSKI FOR SILICON VALLEY BUSINESS JOURNALKETOS
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
The need for clean water You can read a full case KETOS has built its
PORTFOLIO IMPACT REPORT 2020
availability, with the study here. foundation for scale and
necessary efficiency and with the fundraising of its
quality controls to make it Series B, looks forward to
safer, sustainable and scaling the business.
smarter for the planet.
39
39Knightscope
Knightscope is an advanced physical security technology persistent physical deterrence towards negative behavior.
company based in Silicon Valley that designs, develops, Knightscope presently holds contracts in 15 states across
builds and deploys fully autonomous security robots that 4 time zones on corporate campuses, malls, logistics
are now patrolling both outdoor and indoor environments facilities, manufacturing plants, casinos, residential,
across the country operating 24/7/365. The company commercial property - basically anywhere outdoors or
offers its technology on a Machine-as-a-Service business indoors you might find a security guard. Its security
model at an effective price of $6 - $12 per hour running robots are fully autonomous and have operated in excess
24/7 on annual contracts providing security teams of 700,000 hours in the field in real world conditions with
unprecedented 'smart eyes & ears' as well as a real clients generating numerous crime fighting wins.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → KNIGHTSCOPE.COM
-10% -46% +27% -68%
IN CALLS IN CRIME IN IN
FOR SERVICE REPORTS ARRESTS CITATIONS
40
KNIGHTSCOPE.COMKnightscope
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
After 9/11 the CEO decided You can read a full case Scaling Knightscope to
PORTFOLIO IMPACT REPORT 2020
to dedicate his life to better study here. profitability and preparing
securing our country - and for a possibly public listing.
Knightscope is on a long-
term mission to make the
United States of America
the safest country in the
world.
41
41Limbix
Limbix Spark is the first prescription digital therapeutics (PDTs) to enable doctors to
therapeutic designed to support adolescents prescribe digital, evidence-based, therapeutic
with depression. Spark is a multi-week interventions for adolescent mental health
cognitive behavioral therapy-based program disorders. PDTs require strict compliance with
focused on the completion of value-based FDA quality management standards and are
activities that spark feelings of pleasure or validated through rigorous clinical trials. Upon
mastery. FDA clearance, PDTs can be prescribed by a
Limbix is actively creating prescription digital doctor to treat specific medical conditions.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → LIMBIX.COM
55% RATE
OF REMISSION
IN DEPRESSION
42
LIMBIX.COMLimbix
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
Talking to pediatricians. Limbix’s first clinical trial Limbix’s upcoming large
PORTFOLIO IMPACT REPORT 2020
They had so many patients showed a 55% remission randomized controlled trial.
with signs of depression but rate in moderate to severe If it achieves good results
little they could do for them. depression among the company can get FDA
adolescents. clearance and be a
prescribed digital
therapeutic.
43
43Meru Health
Meru Health offers a digital program make mental healthcare accessible,
that helps improve the lives of people engaging, and outcome driven. Its
living with depression and saves on easy-to-access digital program helps
healthcare costs. Meru Health is a improve the lives of people living with
company of scientists, engineers and depression and saves on healthcare
entrepreneurs with a big vision to costs.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → MERUHEALTH.COM
700 300 $2.4M
DEPRESSED FULL REMISSION HEALTHCARE
PEOPLE TREATED OF SYMPTOMS COST SAVINGS
44
MERUHEALTH.COMMeru Health
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
The CEO lost a brother to Successful pilots with two Growing from current 14
PORTFOLIO IMPACT REPORT 2020
depression and has built Fortune 100 companies. states to cover all states by
several data driven the end of 2021.
healthcare businesses.
45
45Miraculex
MiraculeX, Inc. is redefining sweetness Proteins are produced in a lettuce
in food by producing plant protein- protein expression system for a cost
based sweeteners derived from exotic effective, scalable process. These
fruits. Rare protein sweeteners that are protein-sweeteners are the best tasting
better tasting and healthier than sugars and healthiest of any other sweetener
that are inducing an obesity epidemic. that exists.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → MIRACULEX.COM
SUGAR AMOUNT SPEED
UNCONSUMED OF PRODUCTS OF MIRACULEX
SWEETENED CONSUMPTION
46
MIRACULEX.COMMiraculex
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
Recognizing that diets play Engaging with numerous Launching a consumer
PORTFOLIO IMPACT REPORT 2020
an oversized role in one's CPG brands actively product and partnering with
overall health. interested in enabling brands who can leverage
consumers reduce their MiraculeX’s ingredient
sugar consumption. platform.
47
47Owkin
Owkin combines life-science and machine algorithms create models that predict disease
learning expertise to make drug development evolution and treatment outcomes. These
and clinical trial design more targeted and predictive models are used for enhanced
more cost effective. Founded in 2016, Owkin analysis, surrogate endpoints, patient
combines life-science and machine learning stratification and selection, and subgroup
expertise to make drug development and identification. The impact of this research is
clinical trial design more targeted and more faster discovery of better treatments at a lower
cost effective. Owkin's machine learning cost.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → OWKIN.COM
100 SPEED UP DISCOVER
RESEARCH CENTERS DRUG NOVEL
CONNECTED DEVELOPMENT BIOMARKERS
48
OWKIN.COMOwkin
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
Advance medical research. Owkin is currently working New research projects on
PORTFOLIO IMPACT REPORT 2020
with ~15 medical health cutting-edge scientific
centers in Europe and the questions: COVID-19,
US, and several big oncology, cardiovascular
pharmaceuticals. and autoimmune diseases.
49
49Sapient Industries
Sapient is a comprehensive, hyper-intelligent owners use Sapient to optimize floor space,
plug load management and analytics system. identify unused equipment, automate efficient
Leveraging proprietary machine learning energy consumption, improve safety, and
algorithms and a building-wide deployment of reduce environmental impact.
thousands of smart outlet devices, Sapient can
detect the types of equipment plugged in, how Sapient regularly reduces total building utility
it's being used, and even predict the use of that bills by 8 - 12% and achieves payback periods
equipment into the future. In doing so, building less than 1 year.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → SAPIENT.INDUSTRIES
-15% 6 GWH -5%
ENERGY ENERGY REDUCTION OF ELECTRONIC
CONSUMPTION FOR 2020 WASTE IDENTIFIED
50
SAPIENT.INDUSTRIESSapient Industries
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
The CEO was frustrated Sapient was a driving factor Expanding to NZ, Australia,
PORTFOLIO IMPACT REPORT 2020
about the disconnect of in helping a customer the UAE, and Europe.
cutting edge science and become one of the top 50
sustainable technology most efficient buildings in
around managing electricity the US.
that humans consume in
buildings with plugged-in
equipment.
51
51Second Nature
Second Nature is a smartphone application that Unlike traditional weight-loss programs,
coaches and motivates diabetes patients to live Second Nature uses behavioral science to
a healthier lifestyle. actually make changes that last. It was the first
program to be trusted and commissioned by the
Second Nature is a digital lifestyle change UK's NHS.
program that gives people the tools to change
their habits for good.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → SECONDNATURE.IO
WEIGHT FEELING HBA1C
LOSS ABOUT YOURSELF
AND FOOD
LEVEL
52
SECONDNATURE.IOSecond Nature
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
Exposure to healthcare It really depends on Second Back to normal life (re
PORTFOLIO IMPACT REPORT 2020
companies in the founder’s Nature’s users. The coronavirus) but with
previous job, having a company helps them to feel people more aware of their
healthy lifestyle (without better about themselves. impact and thinking more
cutting all the good Check out further case long-term.
pleasures in life), and solving studies here.
Type 2 Diabetes (whose
impact is underestimated in
53
all countries).
53TeleSense
TeleSense is leading the post-harvest data of storage facility- silos, warehouses, grain bins,
revolution. The company helps businesses and ground piles, tarped bunkers, silo bags and
producers in the global agricultural commodity more. TeleSense’s software provides facility
supply chain to monitor, assess and predict risk operators and management with hotspot
for their products in post-harvest storage and detection and moisture level monitoring for grain
transport. and other commodities, with alerts for important
With TeleSense's suite of advanced sensors and events sent right to their smartphone or laptop
retrofitting kits it can collect data from any type through the TeleSense cloud-based app.
PORTFOLIO IMPACT REPORT 2020
KEY IMPACT METRICS → TELESENSE.COM
-10% -5%
GRAIN ENERGY FOR
SPOILAGE GRAIN DRYING
54
TELESENSE.COMTelesense
SOURCE OF CUSTOMER LOOKING AHEAD
INSPIRATION HIGHLIGHT TO 2021
The founder wanted to create a TeleSense was able to sense and 2021 is TeleSense’s expansion
PORTFOLIO IMPACT REPORT 2020
triple bottom-line company that detect hot spots in piles of stored year. The company built the
can have a broad impact for grain that could have resulted in product and the core team in 2019
farmers and growers worldwide. loss of millions of dollars and and 2020 is on building the
As the world population grows the potentially create a fire danger as channel and getting products into
grain supply chain needs to biological activity in grain can start broad production.
reduce spoilage to feed the world to smolder. The customers initially
since the land for farming is not did not believe our prediction but the
growing, data told another story. This data-
driven approach to predicting
55
spoilage is new in the industry and
TeleSense is pioneering it.TEAM AND APPENDIX
PORTFOLIO IMPACT REPORT 2020
56Our Sustainability Team for this Report
Matt Claxton Omer Gozen Rohit Gupta
Global Director Senior VP Venture Associate,
of Sustainability of Sustainability Silicon Valley
PORTFOLIO IMPACT REPORT 2020
Nicolas Chow Danaé Robert Riccardo Agosto
Venture Associate, Venture Analyst, Global Visual
Europe Silicon Valley Designer, Marketing
57
57Appendix: Startups Details
Company One-Liner Industry Location Amount Raised
ApplyBoard is a SaaS-enabled marketplace making it easy for international students to find matched programs and apply to top universities. Education Waterloo, CA $172M
Basepaws developes a pet genetics platform designed to provide consumer genetic tests for cats. Healthcare Redondo Beach, US $251K
BeeHero is maximizing crop yields through pollination while managing the largest database of bees & pollination world-wide. Food & Agriculture Palo Alto, US $1M
Bluespace.ai provides accessible and sustainable urban mass transit. Mobility Palo Alto, US $3.4M
Bold Health develops digital therapeutics for the management of complex digestive chronic conditions, starting with IBS and IBD. Healthcare London, UK $800K
Bond Pet Foods works with biotechnology to make pet food from animal protein like chicken, turkey and fish, without the animal. Food & Agriculture Boulder, US $1.2M
Breezometer provides a real time air quality and health recommendation application for consumers and businesses. Healthcare Haifa, IS $12.6M
Carbon Analytics transforms a company's accounting data into a highly visual, actionable carbon footprint analysis. Energy London, UK $106K
Checkerspot designs high performance materials at a molecular level with technology at the nexus of biology and chemistry. New Materials Berkeley, US $18M
PORTFOLIO IMPACT REPORT 2020
Ducktrain redefines smart, clean and efficient urban transportation. Mobility Aachen, DE $250K
Headstart AI develops a diversity recruiting software that breaks the cycle of exclusion and levels the playing field for all candidates by removing bias. Enterprise Tech London, UK $2.5M
KETOS delivers an integrated, cloud-based, unmanned solution for actionable water intelligence. Water Tech San Jose, US $11.6M
Knightscope designs, engineers, builds, and deploys fully autonomous security robots on a Machine-as-a-Service (MaaS) business model. Security Mountain View, US $46.6M
Limbix is redefining virtual reality for patient care and mental health. Healthcare Palo Alto, US $16M
Meru Health offers a digital program that helps improve the lives of people living with depression and saves on healthcare costs. Healthcare San Francisco, US $13.3M
Miraculex is redefining sweetness in food by producing plant protein-based sweeteners derived from exot. Food & Agriculture Sunnyvale, US N/A
Owkin combines life-science and machine learning expertise to make drug development and clinical trial design more targeted and more cost effective. Healthcare New York, US $56.1M
Sapient Industries designs a plug load management system that deploys smart outlets and uses machine learning to optimize buildings' electricity consumption. Energy Philadelphia, US $4M 58
Second Nature is a smartphone application that coaches and motivates diabetes patients to live a healthier lifestyle. Healthcare London, UK $34.7M
TeleSense supports the global agricultural commodity supply chain to monitor, assess and predict risk for their products in post-harvest storage and transport. Food & Agriculture Sunnyvale, US $6.5MA Whole World of Resources
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PORTFOLIO IMPACT REPORT 2020
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