California Crescent Fund
2335 Buttermilk Crossing, Suite 318, Crescent Springs, KY, 41017, United States
Overview
Southern California's 1st student-run VC. First Movers in Fellow Student Dreamers
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- 123 Baby Box
Participated · Seed · Mar 2023
123 Baby Box offers a monthly subscription box tailored to a child’s age and developmental stage, selected via a customer quiz and delivered across six product categories (health and wellness; development; playtime; useful items; “Mama’s goodies”; and special spotlights). Subscriptions are tiered at $59.99/month, $49.99/month for six months, and $39.99/month for an annual plan. The company provides manufacturers with customer insights, product-launch and advertising opportunities, and works with brands including Fisher-Price, Mattel, Nuby and Goddess Garden. Since launching in March 2021 the business grew 245%, tripled its revenue, and saw monthly recurring revenue increase fivefold over 2021. It secured a deal with a large U.S. breast pump distributor to send boxes to 1 million customers, expanded headcount by five to a total of nine employees, and operated out of the founder’s parents’ garage prior to fundraising. The company plans four revenue streams—the subscription box, an e-commerce store for individual products and a loyalty program, product-placement fees for manufacturers, and B2B sales for employee benefits—and will use new capital for a warehouse, marketing, hiring and inventory while targeting $100,000 MRR and $1M ARR.
- Lolly
Participated · Seed · Feb 2021
Lolly is a Gen-Z dating app built around short-form video: users upload videos into a feed, scroll, 'clap' on videos and later 'crush' to match via what the company calls a non-binary matching model. The app went live in December and was founded by 21-year-old Marc Baghadijian and NYU grad Sacha Schermerhorn, who left a PhD path to pursue the product. The founders position the product as a TikTok-meets-Tinder experience, arguing video better showcases personality than photos. Lolly aims to appeal to Gen-Z users who expect video-first interactions and to offer an alternative to older swipe apps. Financially, the company closed a $1.1 million seed round, with participation from several angel and VC backers. The product and its early fundraising reflect a student-funded, campus-focused origin and a go-to-market leaning on college networks.
Team
No current team members are available.