Participated · Equity · Jul 2024

Founded in 2017, Liki24 connects consumers with thousands of pharmacies, letting users choose one-hour local delivery, next-day domestic delivery, or lower-cost cross-border shipping for medicines, supplements, OTC drugs, and medical cosmetics. The platform relies heavily on AI for product matching, routing split-leg logistics, multilingual customer support, and personalized recommendations. Liki24 now operates in Ukraine, 10 additional EU countries, and the UK, with 70 % of its revenue coming from the EU while Ukrainian revenue has still doubled since the 2022 invasion. Key operating improvements include a sevenfold reduction in cross-border delivery times and a fivefold cut in costs, while support headcount dropped from 80 to about 40 thanks to AI. The company is extending its ecosystem with a lab-test marketplace and a preventive health coaching service that will integrate diagnostics, coaching, doctor access, and product delivery. To date it has raised €19 million in equity financing to fund this expansion. Management positions the €400 billion fragmented European pharmacy market as its primary growth opportunity.

Participated · Series B · Jul 2020

Sea Machines develops autonomous control technology, perception systems, and vessel software designed to increase safety, efficiency, and performance for ships, workboats, and commercial vessels. The company sells advanced control and autonomy solutions to the maritime industry and operates globally from its Boston headquarters. Sea Machines has secured multiple significant contracts and partnerships, including with DEEP BV, Metal Shark Boats, and the U.S. Department of Defense Innovation Unit. While its current focus is the commercial vessels market, the company aims to extend similar automation capabilities to the recreational marine market in the future. Sea Machines was founded in 2015 and markets its products to enhance operator safety and vessel performance. The company has strategic industry investors and partners supporting its technology development and market adoption. Sea Machines builds autonomous systems that operate under the command of a human operator to take on long-duration and repetitive control duties, boosting predictability and reducing fatigue-related incidents. The technology also enables new capabilities such as onshore command of remote offshore vessels and expanded remote operations. Led by CEO Michael G. Johnson, the company launched its first family of products in late 2018 and has since deployed systems across multiple sectors. Deployments include large cargo vessels (including a disclosed program with A.P. Moller-Maersk), U.S.-flag ATBs, data-collecting survey boats, oil-spill response craft, search-and-rescue, patrol and crew transfer vessels. Its systems are operating in four of the world’s eight geographical regions and the company reaches customers through a dealer-partner program with established marine electronics integrators. The new financing will support further deployment and commercialization of its self-piloting technologies. Sea Machines Robotics develops autonomous vessel software and advanced perception and navigation-assistance systems for a range of vessel types, including container ships, workboats and commercial vessels. The company released an introductory line of autonomous command and remote-control systems in October aimed at offshore commercial, scientific and government applications. Sea Machines said it will use new funding to grow its engineering and technology team, rapidly develop a new generation of products and features, and expand the global reach of its products. Its primary focus is currently the commercial vessels market, with Brunswick noting research may later be adapted into the recreational marine market. The company is headquartered in Boston, was founded in 2015, and operates globally. The recent financing was described as one of the largest rounds of financing for a marine- and maritime-focused technology company in history.