SWAN Venture Fund 1 has made its last investment in the last month of our investment period. We began funding companies in August 2015 and have made 9 investments: Seven companies are based in the greater Seattle Area and two are in California. We’ve looked at Portland and Vancouver BC companies. Our goal for portfolio 1 was to diversify into 9 companies which we believed could return our fund.
The portfolio for SWAN Venture Fund 1:
Accrualify – A one-stop application solution for efficient procure-to-pay management.
Curvafix – they are an emerging medical device company based in the Seattle area. They are developing a novel solution for an unmet need in orthopedic trauma.
Defined.ai – they offer an intelligent data infrastructure for AI that provides high-quality training data to help machine learning oriented products reach market quicker and with better quality. It offers efficient data workflows that enable data scientists to collect, synthesize, enrich and structure training data by combining human intelligence and machine learning capabilities to accelerate enterprise AI initiatives.
Heroclip – they offer a specialty outdoor consumer product, which they launched with overwhelming support from Kickstarter and Indiegogo backers, Heroclip is now at retailers like Brookstone and Ace Hardware Stores and has been touted by numerous media outlets.
Utrip – they are a free travel planning technology company that bring together the best in artificial intelligence and human experience, making it easy for travelers to quickly create their perfect trip. They increase engagement, loyalty and conversion rates by providing a white labeled offering of the Utrip platform to hospitality brands, cruise lines, points of interest, airlines, and Destination Marketing Organizations.
Sharkbite Games – Founded in 2016, Sharkbite Games is focused on delivering “Best in class” gaming experiences, regardless of the platform. I can attest to that. Their game Beswitched, is an addictive and free switching game available on the Google Play store and on the Apple store.
ShotTek – is a group of passionate innovators with a love for basketball. They have designed a device that helps even the most hopeless free-throwers develop their technique. Truly a better experience for kids, coaches and athletes.
OmniM2M (acquired by TraqIQ) – an internet of things company selling connected software and hardware solutions to enterprise clients.