With 2016 fast approaching we thought we’d look back at the progress of our portfolio over the last 12 months, it’s certainly been busy, fun & exciting.
Marvel, our first investment (November 2013) has had a year of explosive growth with the platform now reaching over 230k users. In August 2015 we announced Marvels $2m third fundraising round led by Index Ventures which also saw re-investment from Connect Ventures who led the 2nd round back in 2014. The progress for Marvel hasn’t stopped with new products launched, explosive growth and a Haatch first being the announcement of our acquisition of Plexi in October.
Scurri has continued to move from strength to strength raising another fundraising round and continuing to build out a fantastic product which is solving real-life challenges. November saw the announcement of our deal with Fastway Couriers and Parcel Connect that will see Scurri facilitate the delivery of more than €3bn worth of merchandise over the next five years.
Iterate Studio was our first US investment back in 2014 and certainly haven’t disappointed this year. Tying up with Capgemini they’ve continued to disrupt how startups & retailers work together to deliver true, commercial innovation in nearly every major sector! Expanding Iterate internationally has always been a focus and this year saw the Alpha launch of Iterate.ai enabling enterprise executives to find startups that solve business and technical challenges and Entrepreneurs to post solutions for enterprise executives to discover.
Elevaate has rocked 2015. In addition to announcing another $1.2m fundraising round from Notion Capital Elevaate publicly launched the platform and is now live with Iceland, Amcal, House of Fraser, Unilever & Coca-Cola to name a few! Alongside the announcement of David Shearer joining from Box.com as VP of Marketing and Elevaate winning Retail-Week Startup of the Year we also announced Elevaate is now serving over 1 million products a day.
Pijon has continued to deliver monthly surprise, fun & excitement to students across the US whilst keeping their loved ones connected. 2015 has seen an interesting challenge for Pijon with large scale brands looking for Pijon to provide a broader reach in addition to the monthly subscription boxes, so late this year saw Pijon launch Pijon Marketplace into private beta, creating an ad network for physical media.
Veritonic was a brand new investment for us this year and has launched what we like to call “the world’s first marketing intelligence platform for sound”. We were pleased to seed invest into Veritonic alongside Upstage Ventures & Stage One Capital. Since the investment the team have been hard at work developing the platform and on-boarding customers from leading brands, agencies & enterprises.
2015 has certainly been exciting & we cannot wait to see what 2016 has in store for our portfolio.