
MI Ventures
373 Park Ave S Ste 630, New York City, New York, 10016, United States
Overview
MI Ventures is a company which strives to advise and invest in creative, disruptive business ventures. MI Ventures participates in seed and series A rounds of investments to assist early stage companies in proving out their models and ideas that we hope better the world around us.
- Total investments
- 8
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Venture Capital
Investment portfolio
- Shoppable
Participated · Series A · Aug 2016
Shoppable builds a universal checkout that lets readers browse inventory from multiple retailers and complete purchases without leaving a publisher's site. Its product suite includes publisher widgets, a Google Chrome extension that scans pages for products, and 'Magic' technology that automatically creates shopping options. By keeping checkout on the publisher site, Shoppable gives publishers more data about visitors and shopping behavior. The company has integrated with more than 200 merchants and reports 100+ merchants on a waiting list. Shoppable was already profitable at the time of the raise. It plans to use the funding to bring additional retailers into the system and expand integrations.
- Beacon
Participated · Series A · Jul 2015
Beacon operates a subscription flight service that charges a flat $2,000 monthly fee for unlimited flights on any Beacon route, with members able to reserve up to four flights at once and purchase upgrades for additional reservations or family add-ons. The company was founded by former Surf Air CEO Wade Eyerly and two other Surf Air co-founders and is positioning itself on the East Coast to serve corporate commuters and high-income travelers along the Northeast Corridor. Beacon will initially launch a NYC–Boston route, then expand to Washington, D.C., Philadelphia, and seasonal destinations such as the Hamptons and Nantucket. Rather than owning aircraft or employing pilots, Beacon partners with FAA-regulated operators and recently signed a $400 million agreement with Dynamic Aviation to receive 27 planes over three years. Beacon says this asset-light model will be more capital efficient and enable faster growth. The company expects to begin service on September 15 and launch with about 500 members, and plans to use new funding to hire sales staff, station concierges at airports, and make deposits on aircraft.
- Reaction
Participated · Equity · Mar 2015
Reaction Housing focuses on the Exo Housing System, a smart, highly portable shelter designed to be light enough to be moved by hand. The company describes the Exo as packing more connectivity than a modern home. Its product ecosystem comprises the Exo shelter unit as the foundational component and Populous, a real-time inventory and asset management software package. The Exo concept was born days after Hurricane Katrina in 2005, when Michael McDaniel was inspired to create a better shelter solution. The article reports a recent $1.5M capital raise from outside investors.
- VenueBook
Participated · Seed · Jul 2014
VenueBook is an online, cloud-based event management platform that lets venues and event planners generate proposals, manage and book events in one program. Led by founder and CEO Kelsey Recht, the company was founded in 2010 and is based in New York City. Since inception it has secured partnerships with New York venues including Altamarea Group, The Ace Hotel locations (April Bloomfield), Interstate Hotels, EMM Group and Little Wisco restaurant group. On July 24, 2014 VenueBook closed more than $2M in seed funding. Backers included Joanne Wilson of Gotham Gal Ventures, 2BF Global Ventures, Cayuga Ventures, MI Ventures, Kindler Capital and Victoria Grace. The company intends to use the funds to expand its sales team, add marketing and developer resources, increase customer support functions and further mobile application development.
- Reclip.It
Participated · Equity · Aug 2012
Reclip.It is a social couponing and deals-discovery site that extracts interest data from Facebook to identify brands and products a user might like and notifies them when those products go on sale. Users can follow other Reclip.It users and 450 blogger curators, 'reclip' deals, and claim offers through the platform. The product applies machine learning to refine relevance based on the deals users reclip and claim. Engagement metrics reported include 62% of users active weekly, an average of about 1 hour and 13 minutes on the site per month, and two deals claimed per visit. The company is growing 30% month over month, and deal clipping increased from 1,000 to 4,000 deals per day since private beta. The team, led by CEO Cheryl Yeoh and formed out of the CityPockets team, relocated from New York to Silicon Valley to join 500 Startups’ accelerator. Financially, Reclip.It has raised a total of $840,000 from a mix of investors.
Team
No current team members are available.