Vantage | February 2021
Vertex Partnership Group posted on 15 Feb 2021
Here are the latest updates on the portfolio companies across the Vertex network. Get connected with us today – sign up for our monthly newsletter here.
Growth
- Bicycle Therapeutics (HC & Growth) announced pipeline progress
- Cymulate (IL & Growth) integrated with Microsoft Defender for Endpoint protection and detection capabilities
- Horizon Robotics (CN) Journey AI processor passed the 100,000-shipment mark, achieved safety compliance for its System-on-Chip development process
- Harbour Biomed (CN) obtained Breakthrough Therapeutic Drug qualification from the National Food and Drug Administration
- Licious (SEAI & Growth) announced strategic expansion to 7 Tier I & II domestic markets and appointed Reckitt Benckiser’s Rajnish Goel as chief supply chain officer
- Warung Pintar (SEAI) launched new platform to help warungs order goods from distributors
Investments
- Biconomy (CN) raised USD 1.5M seed round
- Desktop Metal (US) announced plans to acquire EnvisionTEC
- Horizon Robotics (CN) raised USD 400M Series C2 round
- iOranges (CN) raised over RMB 100M Series B+ round
- OwnBackup (IL) raised USD 167.5M Series D round
- Pace (SEAI) raised a seed round
- Valtix (US) raised USD 12.5M round
- Very Good Security (US) raised USD 60M Series C round
Partnership
- Ace Turtle (SEAI) partnered with Kontoor Brands to lead integrated strategy for Lee and Wrangler India
- Active.AI (SEAI) partnered Hexaware to deliver next gen digital experiences for banking and insurance
- Axonius (IL) partnered with Exclusive Networks to expand distribution in Germany, Austria and Switzerland (Article in German)
- Geek+ (CN & Growth) partnered with with Universal Logic to elevate Industry 4.0
- Grab (SEAI) partnered with Panasonic to ensure air hygiene for customers, partnered with Watsons to provide last-mile delivery and cashless payment options
- Happy Fresh (SEAI) partnered with Ben’s Independent Grocer to cater to upmarket clientele
- Innoviz Technologies (IL) announced partnership with Macnica for mass adoption in Japan
- TurnKey Lender (SEAI) partnered Zomo Rails to provide the new era of lending in Canada, partnered Alkami to provide banks and credit unions an integrated digital banking solution
- Validus (SEAI & Growth) partnered proptech startup Really Singapore to enable pre-approved working capital for SMEs
Recognition
- D-Fend (IL) CEO shared how their solution protects organizations against rogue drones
- Glowroad (SEAI) CEO shared how the company is disrupting social commerce in India
- Hasura (US) Co-founders shared the company’s growth
- Julive (CN) CEO shared the company’s services and offerings (article in Chinese)
- Kryon (IL) CEO shared his predictions for RPA in 2021
- Licious (SEAI & Growth) Co-founders shared the company’s ESOPs offering
- Perimeter X (SEAI & Growth) CIO shared his thoughts on DevOps
Recent posts
The Startup Journey
Startup founders often agree that the process of building something new and novel to serve a significant, unmet need can be immensely rewarding, even if it may not succeed at times.
Being prepared means gaining a thorough understanding of all aspects of the startup journey – even if that involves confronting some hard truths before taking that first step. This may make all the difference between success and failure.
Vertex Ventures SEAI | Interview with Warung Pintar CEO
In Indonesia, there are more than 2.5 million warungs (micro-businesses and kiosks that sell basic products) that account for more than 80% of total retail sales. However, these warungs are typically mom-and-pop owned and highly fragmented in both demand and supply.
Launched in 2017, Warung Pintar aims to empower warungs through digitalization. With its focus on e-commerce services and supply chain, the company has reduced warung transaction costs by 28% on average.
Vantage | February 2021
Here are the latest updates on the portfolio companies across the Vertex network.