• Future Motion

  Participated · Series A · Feb 2016

  Future Motion makes the Onewheel, an electric boardsport device that retails for $1,499 and is sold via its website and select retailers. Founded in 2013 by CEO Kyle Doerksen, the company is focused on developing new advanced personal vehicles. It plans to increase manufacturing capacity and expand its engineering, marketing, and operations teams. Future Motion will build a new R&D center in Santa Cruz equipped to develop new recreation-transportation products. The company is also opening a European distribution and service center to accelerate growth in Europe and provide faster shipping and after-sales support. The business recently closed a $3.2m Series A to fund these initiatives.

• Velo Labs

  Led · Equity · Jan 2016

  Velo Labs is a San Francisco–based hardware startup focused on connected cycling products, with its flagship device being Skylock, a smart bicycle lock. Skylock pairs with a rider’s smartphone over Bluetooth to enable keyless locking and unlocking, and includes a capacitive touch interface as a backup when the phone is unavailable. The lock is designed to remain charged through an integrated solar panel; twelve hours of sunlight powers the device for roughly six months. To date, the company has collected more than 5,000 pre-orders and plans to deliver initial shipments in Spring 2016. Velo Labs has partnered with Taiwan-based Quanta Computer for manufacturing, positioning it to scale production. The company plans to use its latest capital infusion to bring Skylock to market. Financial details beyond the latest funding round have not been disclosed, and no other operating metrics were provided.

No current team members are available.