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November 7, 2024 · 9:48AM

Portfolio news: Antares, Sugarfina, Bobbie + 16 others

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The builders in our portfolio never sleep. This roundup covers 19 updates worth noting: from fundraises, to acquisitions and new product launches.

enterprise
R/capital
Antares secures $30 million in Series A funding
Cover

The funding round was led by Alt Capital and Caffeinated Capital. Following previous achievements including core design finalization and $4.3M in government funding, the company plans to complete its electrically-heated demonstration unit by early 2025.

In portfolio since
Q4 2023
fintech
R/capital
Carta acquires Tactyc, a leading fund forecasting and portfolio construction platform

This acquisition enables direct integration of portfolio company data with Tactyc's planning tools, allowing real-time decision-making for fund managers. The strategic move strengthens Carta's position in private fund management by addressing critical FP&A gaps and advancing its goal of building a comprehensive fund management suite.

In portfolio since
Q4 2019
Consumer
R/portal
Sugarfina acquires BOXFOX
Cover

BOXFOX is a premium personalized gift box platform. The merger strengthens Sugarfina's position in the luxury gifting market by diversifying its product offerings and enhancing its personalized gifting capabilities.

In portfolio since
q4 2023
Aerospace
R/capital
Astra secures a contract worth $44 million from the Department of Defense's Defense Innovation Unit (DIU)

The contract supports the development and production scaling of Rocket 4, with goals including orbital launches from multiple locations including the US and Australia. This award validates Astra's focus on tactically responsive space capabilities and supports the expansion of their manufacturing facilities.

In portfolio since
Q1 2022
Consumer
R/Capital
Bobbie launches a new whole milk infant formula after three years of development
Cover

The product features a protein blend that mirrors breast milk's composition, using grass-fed whole milk as its base. This innovation addresses a gap in the US formula market while maintaining Bobbie's commitment to clean ingredients. The affordable price point of under $25 per can potentially positions Bobbie to capture a larger share of the infant formula market and strengthen its competitive advantage in the sector.

In portfolio since
Q3 2021
Consumer
R/portal
Arka Packaging partners with Profit Trust to integrate automated parcel audit tech with their sustainable packaging solutions

This collaboration combines Arka's custom packaging with ProfitTrust's shipping cost optimization services, aiming to help businesses save on shipping costs through automatic refund recovery and contract optimization.

In portfolio since
Q1 2023
Aerospace
R/Capital
Firefly Aerospace secures a multi-launch agreement with True Anomaly
Cover

True Anomaly builds defense technologies to deliver solutions for space security, sustainability, and protection.
This agreement covers 3 responsive launch missions on Firefly Space's Alpha rocket.

In portfolio since
Q3 2021
AI &. ML
R/capital
Personal AI announces a strategic partnership with Qualcomm

Personal AI will integrate its tech into Qualcomm's Snapdragon-powered devices, potentially enabling more private and personalized AI experiences at the device level. This collaboration with a leading chip manufacturer could significantly expand Personal AI's reach across millions of mobile devices, while enhancing user privacy through on-device processing. 

In portfolio since
Q2 2024
Aerospace
R/capital
Axiom Space signs a Memorandum of Understanding (MoU) with the Polish Space Agency
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This partnership will focus on technology development, microgravity research, and public engagement initiatives. The agreement strengthens Axiom Space's international presence.

In portfolio since
Q4 2021
fintech
R/capital
ZOE Financial partners with Falcon Wealth, a $1B+ AUM investment advisory firm

This enables Falcon to streamline client onboarding, tax-aware portfolio management, and operational efficiency through ZOE's comprehensive platform.

In portfolio since
Q2 2021
Health
R/Portal
Juna launches MicrobiomeIQ, an at-home gut health testing service
Cover

The test provides personalized gut health scores and recommendations for nutrition, lifestyle, and supplements within four weeks. This product expansion into diagnostic health testing, backed by 40 years of research and utilizing the world's largest microbiome dataset, potentially positions Juna to capture market share in the growing personalized wellness sector.

In portfolio since
Q3 2020
enterprise
R/portal
CAVU launches AgileKitAI

AgileKitAI is the first AI-native Application Lifecycle Management platform. This new product aims to enhance team efficiency in planning, development, and project management through AI-driven workflows.

In portfolio since
Q4 2022
fintech
R/portal
Share Scoops wins the Google Cloud DORA Award for Going Beyond the Four Keys

Share Scoops achieved significant technical improvements, including reduced deployment times and enhanced system reliability, enabling the rollout of their mobile app to new users.

In portfolio since
Q2 2023
Health
R/portal
Cabinet Health has been recognized in TIME's Best Inventions for 2024
Cover

This prestigious recognition not only acknowledges the company's achievements but also aims to attract new industry partnerships.

In portfolio since
Q3 2022
web3
R/capital
Arcana launches Arcana Wallet with Chain Abstraction technology

Chain Abstraction technology allows users to unify cryptocurrency balances across multiple blockchain networks (Ethereum, Base, Polygon, Arbitrum, and Optimism) without bridging. The wallet offers lower gas fees, self-custody of assets, and universal address functionality.

In portfolio since
Q3 2021
fintech
R/capital
Klarna has secured a strategic partnership with Worldpay, the third-largest merchant acquirer globally

This collaboration, connects Klarna to Worldpay's network processing $2.3 trillion in payments for over a million merchants, and aims to transform Klarna from an 'alternative' to a standard payment option.

In portfolio since
Q1 2021
Consumer
R/portal
Zest has partnered with Insomnia Cookies, a national cookie retailer with over 200 stores
Cover

This collaboration adds Insomnia's popular cookie products to Zest's gift options, enabling easy bulk ordering and nationwide shipping. 


In portfolio since
Q2 2023
web3
R/capital
Merkle Science has partnered with Finoa to provide its Compliance Solution Suite

Finoa is a crypto-asset custodian empowering institutions to engage with crypto. This collaboration aims to strengthen Finoa's compliance infrastructure, expanding Merkle Science's presence in the institutional crypto services sector.

In portfolio since
Q2 2022
web3
R/capital
Revelator has partnered with RoEx to integrate their AI-powered Automix tech into the Revelator Marketplace.

This collaboration enables users to access professional-grade audio production tools, including automated mixing, mastering, and audio cleanup features.

In portfolio since
Q3 2022

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Profile picture of Eugene Ong
Eugene Ong
8 months ago
LFG! 🚀Super Great News !!! GNOTE😍
0 Like Reply

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Thanks to everyone who joined our VC Files with Sean Hall, founder of Wellious. The recording is now available.
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