Participated · Seed · Sep 2023

Peregrine Hydrogen develops a proprietary electrolyzer-based co-production technology that produces clean hydrogen together with valuable industrial chemicals. The company says this approach can reach cost parity with steam methane reforming by producing hydrogen alongside higher-value chemical streams. Peregrine spun out of the climate technology incubator Orca Sciences in June 2023 and is operating from Santa Cruz/California while growing its technical team in the state. It plans to target fertilizer applications initially and then expand into broader commodity chemical markets. The company will use an oversubscribed $7.8M seed financing to refine and scale up its technology and to support technical development and hiring of chemical and process engineers. Investors include Bidra, Builders, Gates Frontier, Presidio Ventures, RiSC Capital and Schox.

Participated · Equity · Aug 2023

Orangewood Labs develops a remotely operated robotic arm initially focused on automating painting and sanding in furniture construction. The company reduces costs by using more affordable components to make robots palatable for small- and medium-sized businesses and emphasizes broad programmability via its RoboGPT platform, which accepts text or voice input and continuously adapts. Orangewood reports about 500 deployments, committed and booked revenue of $750,000, and a team of 50 contract and full-time workers with plans to grow headcount by roughly 20% by year-end. The startup plans to expand use cases beyond furniture into quality inspection, powder coating, and picking and sorting packaged goods. It is building a service and spare-parts network and intends to expand manufacturing to meet demand. The company also offers flexible financing terms to ease adoption by technical decision makers and smaller enterprises.

Participated · Series D · Oct 2022

Swift Navigation offers Skylark, a real-time cloud-based precise positioning service that corrects GNSS errors to deliver centimeter-level accuracy for high-volume applications. Skylark is designed for mass-market adoption and operates entirely in the cloud without the need for expensive physical data centers. The service is certified to meet ISO 26262:2018 functional safety standards for road vehicles. Swift reports that Skylark supports over 10 million ADAS-enabled and autonomous vehicles and contributes to global programs for more than 20 automotive OEMs and leading robotics companies. With the new funding, Swift plans to expand adoption across use cases including digital mapping and precision mobile navigation. Timothy Harris is cited as Co-Founder and CEO in the announcement. Swift Navigation offers a comprehensive GNSS platform used across automotive, industrial, and consumer markets. Its products include Skylark, a global wide-area cloud-based GNSS precise positioning service, and Starling, a receiver-agnostic client software positioning engine, along with a variety of Swift and third-party compatible receivers. The platform supports single- and multi-frequency, multi-constellation automotive and commercial-grade GNSS measurement engines and chipsets. Use cases include improved mobile phone positioning (navigation, traffic, augmented reality), continent-wide rail tracking and safety, and enhanced RTK for machine control and guidance in agriculture, construction, and robotics. Customers include automotive OEMs and Tier 1 suppliers, last-mile delivery providers, mobile handset and application companies, and builders of rail, industrial machine control, and IoT platforms. The company intends to use new funding to accelerate growth and expand operations, and to date has raised over $200 million in funding. Swift Navigation builds GNSS and precise positioning technology, including the cloud-based Skylark precise positioning service, the receiver-agnostic Starling software positioning engine, and RTK hardware such as Piksi Multi and Duro devices. Its platform delivers centimeter-accurate, continent-scale positioning across the U.S., Europe, Japan, South Korea, Australia and a growing number of countries. Customers include automotive OEMs, last-mile delivery providers, mobile providers and makers of rail, industrial, micromobility and IoT platforms. The company emphasizes integration with automotive sensor suites and mobile devices to enable lane-level accuracy with privacy and security. Swift plans to use the Series C proceeds to scale customer deployments and continue worldwide expansion. To date the company has raised $97.6 million in funding. Swift Navigation is a San Francisco-based company founded in 2012 by Timothy Harris that develops centimeter-accurate GNSS/GPS technology. Its core products include Piksi Multi, a multi-band, multi-constellation high-precision GNSS receiver with seconds-level convergence, and Duro, a ruggedized version for harsh outdoor deployments. The company serves over 2,000 customers across autonomous vehicles, precision agriculture, UAVs, robotics, maritime, transportation/logistics and outdoor industrial applications. In June 2017 it raised $34M in a Series B, bringing total funding to $47.6M. Swift plans to use the funds to scale customer deployments, grow its team, and invest in core engineering and R&D. It also intends to introduce additional next-generation products in 2017. Swift Navigation develops accurate Real Time Kinematics (RTK) GPS positioning technology for applications including unmanned aerial vehicles, precision agriculture, self-driving cars, robotics and surveying. Led by CEO Tim Harris, the company has sold its first product, Piksi™, to over 1,200 customers. Swift is planning to introduce two next-generation products in 2016. Financially, the company has raised a total of $13.6M to date. The firm intends to use new funding to scale and grow its team and to invest in core engineering and R&D.

Led · Equity · Jan 2022

Mobilus Labs is a London-based voice communication platform provider focused on industrial and hazardous environments. Its core product is the Mobilus Voice Communications Platform, a hands-free, ear-free technology designed to enable clear and safe voice communications in extremely noisy and dangerous settings. The company pairs mobiWAN hardware with mobiTALK voice communications software to provide a complete online/offline software-defined radio communications solution. In January 2022 Mobilus Labs raised $2.7M in funding. The round was led by Chevron Technology Ventures, Vinci BV, Ascension Ventures, Schox VC and Entrepreneur First. The company intends to use the funds to expand deployment internationally, concentrating on the United States and Europe and targeting the energy, construction, chemicals, and manufacturing sectors.

Participated · Series A · Aug 2021

Flow Neuroscience makes Europe’s only medically approved transcranial direct current stimulation (tDCS) headset paired with a behavioural therapy app for treating depression. The device delivers gentle electrical impulses and is intended for at‑home, self‑managed use with no reported side effects. In UK and EU trials users reported a 30% recovery rate after six weeks and 85% reported improved mood. The company intends to further develop its existing depression treatments and accelerate expansion into the US via clinical trials and pursuit of FDA approval. Financially, Flow closed a $9 million Series A and has raised $11.6 million to date. Founded in 2016 by clinical psychologist Daniel Månsson and neuroscientist Erik Rehn, the startup positions its product as an adjunct or alternative to antidepressants and CBT. Flow develops a combined portable transcranial direct current stimulation (tDCS) headset and therapy app for at-home treatment of depression. The product pairs a Class IIa medical-device headset with an app that provides educational videos and expert-backed advice on sleep, nutrition, fitness and meditation. The headset delivers low direct current via electrodes to stimulate and rebalance neural activity and is used alongside the therapy app, which is free on iOS. Flow launched in June 2019 in the UK and Sweden and is led by Daniel Mansson. The headset retails at £399. The company intends to use recently raised funds to support a European rollout, introduction to healthcare clinics, and the conduction of clinical studies. Flow Neuroscience develops a wearable transcranial direct current stimulation (tDCS) device linked to a behavioral training mobile app to treat depression. The technology uses weak electrical currents to stimulate the brain and is paired with an app that teaches patients how to eat, sleep and exercise based on peer-reviewed literature. The company says tDCS can change neuronal activity and have effects on depressive symptoms similar to antidepressant medication, with fewer and less severe side effects. Led by CEO and clinical psychologist Daniel Månsson, Flow graduated from the Shenzhen-based HAX Accelerator and received an EU H2020 SME instrument grant. The $1.1M seed funding announced in January 2018 will enable the company to complete the regulatory process, obtain approval for its first product in the EU and grow its team. Backers in the round included Khosla Ventures, SOSV and a Swedish angel investor.