SparkLabs Global Ventures: First Ten Months, First 29 Investments

SparkLabs Global Ventures

First 10 Months

About SparkLabs Global Ventures

Entrepreneurs Growing Entrepreneurs We are a new type of seed-stage fund. We believe business is now truly global. Exceptional entrepreneurs, that are building strong, category defining companies at highly advantageous valuations – can be found anywhere. We are a team highly experienced in finding such talent and helping our entrepreneurs to develop, grow, network, and scale into other markets throughout the world.

Please visit www.sparklabsglobal.com

Summary of Investment Activity: Geography

Since October 2013, we have invested in 29 companies. It has weighed heavily in the U.S., but this will become more distributed given our current deal focus across Europe, Asia and Israel. The distribution so far: •  18 U.S. companies (2 originated from

South Korea)

•  8 European companies (5 from the Barclays Accelerator partnership)

•  2 Asian companies (not including 2 originated from South Korea)

•  1 Israeli company

Since October 2013, we have invested across most sectors besides capital intensive industries (i.e. biotech, pharma, cleantech), but have concentrated on 4 general areas: •  8 FinTech

•  6 Mobile Applications

•  3 Internet of Things

•  3 Online Gaming

Summary of Investment Activity: Sector

Summary of Investment Activity: Co-investors

We are proud to have co-invested with many top tier funds in the world.

Select Profiles of Our 29 Investments

Founded in 2013 by Alex Halliday, Yael Citro and Ross Crawford, LawPal is an elegant and complete solution to one of law’s intractable problems: project management. If you’ve ever negotiated a contract you will have suffered through the endless email back-and-forth, confusing changes, and byzantine paper trails. LawPal streamlines this entire process. It is part deal room, part project manager giving you a cloud-based workspace for planning, executing and tracking your deals. LawPal helps everyone on the team communicate ideas and organize the work to be done, delivering a better client experience and a better final product.

Lawpal

These materials are supplied to you in connection with your proposed investment in the SparkLabs Global Ventures fund (the “Fund”) and provide certain confidential information on its investment adviser. These materials do not constitute an offering of interests in the Fund, and any interests in the Fund are being offered solely on the basis of the Fund’s definitive documentation. Do not copy or distribute. Proprietary and Confidential.

•  Sector: SaaS (Software-as-a-Service) •  Location: Menlo Park, CA, USA •  Major product: Online productivity tool •  Co-investors: Founders Fund/Peter Thiel

•  http://lawpal.com

Launched in 2013, Memebox is an e-commerce beauty retailer launched in Seoul, Korea, and now headquartered in San Francisco, California. Memebox.com is the leading beauty e-commerce and mobile commerce in Korea and rapidly growing operations in the U.S. The company aims to offer the most comprehensive and exciting platform for the customers to explore innovative beauty products curated by its team of beauty industry experts. Each month, Memebox members will anticipate a curated Memebox (subscription beauty box full of trial sizes) arriving on their doorstep and have the opportunity to discover new products. In addition to its box series, full size products are available to members for purchase at the best price. �� Memebox raised $800,000 from SparkLabs Global Ventures (invested $500,000), Y-Combinator and others. After graduating SparkLabs’ accelerator’s 1st class in Korea, Memebox became the first Korean company to be accepted into Y-Combinator’s accelerator. Despite a minimal marketing and sales presence in the U.S., the company has managed to rapidly gain 10,000 customers across the country.

Memebox


•  Sector: E-commerce, Beauty

•  Location: San Francisco & Seoul, Korea •  Major product: Subscription box & e-commerce •  Co-investors: Y-Combinator

•  http://www.memebox.com

At the Orange Company we are making the kitchen a place of confidence and discovery. We’re creating a smart ecosystem for the kitchen made up of quality products built with an emphasis on simple design, maintaining the craft of cooking, and using local and sustainable materials. We strive to give our customers the tools to understand and navigate their nutritional, culinary and spoon-licking lives. Whether you’re a cupcake baker, a kimchi pickler, a quinoa connoisseur, or a leftover-reheater— whoever you are, whatever you’re eating, we’re here to connect you to your food. ��

The Orange Chef raised $3 million in a seed round led by Google Ventures and Spark Labs Global Ventures, along with NEA, Lerer Hippeau, Forerunner Ventures, Social+Capital, Bertelsmann Digital Media, and Tekton Ventures. Williams-Sonoma has limited exclusively carry The Orange Chef products in their stores.

The Orange Chef


•  Sector: Internet of Things / Hardware •  Location: San Francisco, CA, USA •  Major product: Prep Pad •  Co-investors: Google Ventures, Social + Capit

al, Bertelsmann Digital Media, Kima Ventures, NEA, Tekton Ventures, and Kai Huang

•  http://theorangechef.com

Founded in 2012, Good.co is a career site that wants to help put the “human” back in human resources. Good.co users fill out a variety of surveys to help determine what their working style is, and whether or not they are a good fit with specific companies or managers. The site’s goal is to enable job seekers find positions they will flourish at, which in turn helps employers save the hassle and expense of hiring people who end up leaving or getting fired within a few months. Good.co fits into the same niche as startups like 15five and Culture Amp, in that they all seek to increase employee retention rates boosting workplace morale. Good.co has raised $1.5 million from Norwest Venture Partners, SparkLabs Global Ventures, and others.

Good.co


•  Sector: Consumer Web / HCM Tech (Human Capital Management)

•  Location: San Francisco, CA, USA •  Major product: Online personal & career

assessment •  Co-investors: Norwest Venture Partners,

Techstars

•  http://www.good.co

Parko developed a mobile application that automatically identifies parking spots that are about to become available and navigates users to available spots. Parko’s social parking platform brings a crowd-sourcing solution to the common pain that drivers in every big city go through when they circle the blocks looking for a parking spot. �� Parko is the unique combination of a social community both actively and passively sharing information on their soon-to-be-free parking spots using cutting-edge technology. Parko’s proprietary algorithms make use of information from more than 9 sensors found in a typical smartphone today to accurately identify parking spots that are about to become available in a completely passive way, without the users even needing to take their phones out their pockets. Parko’s API provides the parking ecosystem the ability to help drivers discover the optimal navigation route to a parking spot with real-time updates from other drivers. Parko’s technology analyzes the parking habits of opt-in users. Parko raised $1 million in a seed round from OurCrowd and SparkLabs Global Ventures.

Parko


•  Sector: B2B, Mobile App

•  Location: Tel Aviv, Israel •  Major product: Crowd-sourced parking

algorithms •  Co-investors: OurCrowd

•  http://www.parko.co.il

Our first product, the Petnet SmartFeeder programs itself around your life and the wellness of your pet. SmartFeeder assesses the dietary requirements of your pet, creates a custom feeding regimen to meet those requirements, alerts you when your pet has been fed and even reminds you to purchase more food when you run low. From your smartphone, tablet or computer, you and all your pet’s caregivers can monitor and/or adjust feeding schedules, compare your pet’s diet to other similar pets, order food, and more. In 2013, spending in the U.S. hit an estimated $55.53 billion, with most of that amount, or $21.26 billion, going toward food. The U.S. pet care market is worth about $55.5 billion, and the connected devices market is expected to reach hit $309 billion by 2020 so expect to see many more devices that help owners remotely care for and pamper their dogs and cats. Petnet raised a $1,125,000 seed round from Grishin Robotics, Kima Ventures, and SparkLabs Global Ventures. Petnet received initial funding while participating in Bolt, a seed-stage fund and incubator in Boston for hardware startups.

Petnet


•  Sector: Internet of Things / Hardware

•  Location: Los Angeles, CA, USA •  Major product: Smart Feeder •  Co-investors: Grishin Robotics, Kima Ventures

•  http://www.petnet.io

PayByGroup is a group payments platform that lets friends split the cost of purchase on bigger items like vacation rentals, parties, trips, sports tickets and more. Consumers can start large purchases risk-free because no one is charged until a tipping point is reached, after which everyone pays their fair share. Merchants no longer suffer from shopping cart abandonment that results when groups try to purchase together via conventional means and thus on average increase their sales by 10% using PayByGroup. ��PayByGroup exists primarily as a checkout button on merchant sites, but is also available for consumer use at PayByGroup.com. PayByGroup raised from 500Startups, SparkLabs Global Ventures, and others. The San Francisco-based startup has partnered with 53 payment gateways in 71 countries, including France, Brazil, Germany, India, and others.

PayByGroup


•  Sector: FinTech

•  Location: San Francisco, CA, USA •  Major product: Group payment platform •  Co-investors: 500Startups, Kima Ventures

•  http://paybygroup.com

Zanbato is a platform that builds technology to empower family offices and institutional investors to more intelligently transact in the alternative asset classes. Our platforms provide members with access to investment opportunities, aligned co-investment partners, and a suite of tools to coordinate and evaluate transactions. ��Over the last few years, Zanbato has emerged as a global leader in alternative investment technology by partnering with preeminent financial institutions and established investment networks. Our dynamic Silicon Valley team is constantly innovating on our product to bring greater efficiency to the world's private capital markets.

Zanbato


•  Sector: FinTech

•  Location: Mountain View, CA, USA •  Major product: SEC/FINRA registered

Alternative Trading System

•  Co-investors: Blumberg Capital, Alberta Investment Management Corp. (AIMCo), and Joe Lonsdale

•  http://zanbato.com

Founded in June 2013, Soundwave is a music discovery app that shows you what music people are listening to and where in real-time. Soundwave aims to connect music lovers worldwide to discover, share, discuss and track their music consumption across Android and iOS devices. The Soundwave music map is an innovative feature that allows a user to pick a destination and see in real-time the music that is being consumed in that area by other Soundwave users. dd

After a successful launch of the free Music Discovery app - Soundwave has received great feedback and engagement worldwide. As of March 1st 2014 Soundwave has been downloaded in over 190 countries worldwide with close to 1 million downloads. Soundwave also recently achieved the top music app position in the App store in France, which resulted in 10,000 downloads in a single day. 65 million song plays have been tracked by the app’s users to date. ��dd

Soundwave’s funding totaled $2 million. In addition to SparkLabs Global Ventures, Soundwave’s backers include Mark Cuban, ACT Venture Capital, Enterprise Ireland, Matthew Le Merle, and Trevor Bowen, one of the people behind U2′s management company Principle Management.

Soundwave


•  Sector: Mobile App, Online Music

•  Location: Dublin, Ireland •  Major product: Music discovery application •  Co-investors: Mark Cuban, ACT Ventures

•  http://soundwave.com

Founded in 2013, Iodine mines clinical data to help consumers make better decisions about drugs. We crunch open government datasets (FDA, CMS, VA) to create targeted, actionable tools that drive better decisions, better adherence, and better outcomes. Iodine combines large healthcare datasets with a user's individual needs and background to create a personalized resource for better understanding and decision-making about health. ��Iodine addresses a massive need among Internet users: 23% are searching for drug information, and half of these are unsatisfied by what they find. We believe that too much information offered to patients today is generic, anecdotal, and out-of-date. We believe that data science can create better information that will improve adherence, enhance behavior, and make people more confident about their health. Iodine raised $1.5 million from SV Angel, Maveron, Felicis Ventures, BoxGroup, SparkLabs Global, and Collaborative Fund. ��

Iodine


•  Sector: Healthcare

•  Location: San Francisco, CA, USA •  Major product: Clinical data •  Co-investors: SV Angel, Maveron, Felicis Ventures, BoxGroup, and Jeremy Stoppelman

•  http://www.iodine.com

Blend bridges the gap between the brands and students creating an innovative channel that offers a curated collection of the hottest brands and the finest products specifically for the college audience. On Blend, brands receive promotional consideration to the most sought-after demographic - the millennial student. This exclusive college-only app offers a new engaging way for students to share their unique experiences. Students share photos relating to the theme of the day, earn Snaps (likes) from peers nationwide, and use their Snaps to redeem free gifts. Blend integrates free products and gift cards directly into students’ photo feeds, putting brands front and center. Blend only partners with brands that we know appeal to the college audience. The app is available at almost any college in the U.S. Blend secured a $2.7 million seed round led by New Enterprise Associates, with participation from Trinity Ventures, Foundation Capital, Lerer Hippeau, Maveron, BoxGroup, XG Ventures, CAA, and SparkLabs Global Ventures. ��

Blend


•  Sector: Mobile App, Social Network

•  Location: San Francisco, CA, USA •  Major product: College photo sharing app •  Co-investors: NEA, Maveron, Foundation, BoxGroup, Lerer Hippeau, CAA

•  http://www.blend.la

Founded in 2010, KnowRe is an educational technology company developing adaptive learning applications for the web, tablets, and mobile devices. KnowRe’s product features include a gamified learning platform (interactive learning map, coins-and star-based achievement system, and a quest-like assessment system), a personalized curriculum (cartoons, practice problems, applications, and standards-based lessons), and a teacher dashboard (real-time assessment data display, coded classroom and student progress data, and adjustable score settings) ��KnowRe raised $1.8 million of funding from Softbank Korea and SparkLabs accelerator ($25,000). KnowRe was named winner of “Best Instructional App” in the NYC Schools 2013 Gap App Challenge and was Grand Prize winner of Google’s Global K-Startup. It was also listed in Fast Company's Most Innovative Companies 2014 series as one of "The World's Top 10 Most Innovative Companies in Education.” Current pilot program has 175 teachers and 8,000 students across 34 cities. ��

KnowRe


•  Sector: Education Tech

•  Location: New York, NY, USA & Seoul, Korea •  Major product: Adaptive learning platform •  Co-investors: SoftBank Ventures Korea

•  https://www.knowre.com

Lifesum is a Stockholm-based digital health startup that offers its users a flexible platform to support and encourage a healthy, balanced lifestyle. Lifesum wants to make people healthier and happier by helping users to forge good habits on their journey towards a better lifestyle, as well as an improved overall quality of life. ��Having already achieved over 6.5 million downloads across Europe, the Lifesum app is available on Android and iOS, and can be tailored by individual users and adapted to specific goals and aims, offering personal guidance based on personal data. �� Lifesum raised $6.7 million of funding from SparkLabs Global Ventures and Bauer Media.

Lifesum


•  Sector: Health & Fitness App

•  Location: Stockholm, Sweden •  Major product: Mobile Application •  Co-investors: Bauer Media

•  http://www.lifesum.com

Stitch helps salespeople close more deals and be more responsive. They are building the best mobile-first, sales productivity platform. Their first product is a mobile email application for salespeople. With Stitch, salespeople can communicate faster by having the right information, insights, and tools at their fingertips. ��Stitch lets its users track email opens and link clicks sent from their mobile email. They will know and can follow up immediately with the right information. The app indexes all files and attachments. Users can send files from Dropbox, Google Drive, Hightail, and Box, and can easily access files they’ve recently sent or received. ��Located in San Francisco, CA, Stitch was founded in 2013 by Somrat Niyogi, Wiebke Poerschke, and Jason McDowall - all formerly at Salesforce.com. Stitch recently raised $1.5 million from SoftTech, Freestyle Capital, Tekton Ventures and SparkLabs Global Ventures.

Stitch


•  Sector: Mobile App, Sales Enablement

•  Location: San Francisco, CA, USA •  Major product: Mobile email for salespeople •  Co-investors: Google Ventures, SoftTech, Freestyle Capital, Foundation Capital, Tekton

•  http://www.stitchapp.com

The Woo is an action sports motion sensor designed to capture and visualize users’ kiteboarding experience. Users can attach the sensor to their board and start tracking their jump height, airtime, and landing G-force. �� Founded by three passionate European kite boarders, WOO is redefining the way action sports is played, viewed and consumed with the first-ever onboard motion sensor device + app experience. Woo Sports build the technology to allow action sports athletes to measure their performance, share the results with their friends, and compete against their peers and the best in the world in a fun and engaging way. ��Woo Sports raised $250,000 of funding from SparkLabs Global Ventures, Techstars Boston, and others.

WOO Sports


•  Sector: Internet of Things / Hardware

•  Location: Boston, MA, USA •  Major product: Action sports motion sensor •  Co-investors: Techstars Boston

•  http://www.woosports.com

42 is an intuitive, web-based analytics platform for retailers. Their platform leverages data mining to find revenue opportunities from raw data. For instance, 42 can turn point-of-sale data into insights on top customers, best selling items, inventory sell through, and more. ��Retailers are faced with an ever increasing volume of information. The 42 platform combines the power of databases and the usability of consumer websites to effectively analyze large data sets. They enable anyone within a retail organization to make more data driven decisions to grow revenue and margin. 42 raised $810,000 of funding from SparkLabs Global Ventures, 500Startups, Y Combinator, and others.

42


•  Sector: B2B, Retail Analytics

•  Location: San Francisco, CA, USA •  Major product: Web-based analytics platform •  Co-investors: Y Combinator, 500Startups

•  http://www.42debut.com

Code Kingdoms teaches computer science and programming in a way that’s fun for kids. Kids design their own game levels with real JavaScript code, they then share and challenge friends with. ��Kids learn a real programming language, starting with drag & drop, before progressing to real text-based JavaScript which controls the game. Writing code let's kids do things which are fun and the computational thinking skills learnt can be used outside of the game. Code Kingdoms runs in the web browser, iPads & Android tablets.

Code Kingdoms


•  Sector: Education Tech

•  Location: London, UK •  Major product: Gamified learning platform •  http://codekingdoms.com

Hugh Collins Co-founder

Ross Targett Co-founder

MangoPlate is a mobile app that provides customized restaurant recommendations in Seoul. What makes it different from other restaurant apps is that MangoPlate offers personalized restaurant reviews and recommendations results made by people you know. MangoPlate analyzes the individual preference of each user using a wide array of data points, and lets them receive different results based on their personal tastes when searching for restaurants. �� MangoPlate graduated from SparkLabs accelerator’s 2nd class.

MangoPlate


•  Sector: Mobile App

•  Location: Seoul, Korea •  Major product: Restaurant Recommendations •  http://www.mangoplate.com

Bernard Kim

Frontend

Danny Ryu

Backend

Michael Roh Data

Analysis

Joon Oh

Business

Timecast is a online gaming company that provides mobile games, entertainment services and E-books. Founded in 2010, Timecast has released 8 games so far. The most popular ones are Mon Mon Mon, Shadow Move, and Every Face. Mon Mon Mon was published by Nexon, the largest online gaming company in Korea. It was ranked as the #1 free app on Google play. Shadow Move, which was also published by Nexon, was co-developed by Timecast and Nexon Mobile. It was ranked as No.1 in puzzle game category on iTunes store in over 30 countries in the world. Every Face is a new concept of face character making application. Over 4 million were downloaded in Korea and it was ranked as #1 on Google Play’s non Kakao Talk category two weeks in a row. Timecast also developed a smart learning engine and apps for kids. It released Beanbook 2.0, Morotobis’s Adventure, and Kids Songs.

Timecast


•  Sector: Mobile/Online Gaming

•  Location: Seoul, Korea

•  Major product: Online Game Platform •  http://www.timecast.co.kr

Daniel Choi CEO & Founder

Danny Kim Lead Programmer

Barclays Accelerator Companies


SparkLabs Global Ventures secured a partnership with Barclays Accelerator (www.barclaysaccelerator.com) as the only follow-on fund and offers each of the program’s ten participants $30,000. From the inaugural class, the following 5 companies accepted our follow-on funding:

http://www.clausematch.com

ClauseMatch

http://www.gustpay.com

Gust Pay

http://www.wagevance.com

Wagevance

http://www.tryum.com

Tryum

http://aire.io

Aire

SparkLabs Global Ventures: First Ten Months, First 29 Investments

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