Excited to host our SUM Ventures + Band of Angels meeting tonight at 5 PM PST on Zoom!
Over the past three years,?SUM Ventures?has deployed approximately?$15M?across?36 companies, achieving?1 exit (80% IRR)?and a?40% gross IRR. We’re proud to share that?all?of our portfolio companies remain operational and over . A key driver of this success is the strong relationships that take root during our monthly meetings—where we first meet many founders at the earliest stages. In some cases, we invest right away; more often, we spend time getting to know the team and their metrics, adding value through our network of investors and advisors.
A great example is?Dillon Baxter, CEO of?PlantSwitch, who presented at this very meeting just two years ago. We had the opportunity not only to invest but also to connect him with the team at?Siemens. Since then, Siemens has provided debt financing, helping PlantSwitch launch facilities in both the US and China—and their valuation has soared. In fact, Siemens recently shared a post highlighting how they helped PlantSwitch secure a?$1M government grant. This is exactly the kind of strategic collaboration that underscores why we love working with founders at the earliest stages.
I’m confident that tonight’s group of founders will follow in these footsteps, and we’ll be celebrating their successes in the years to come. Let’s continue supporting and building the next wave of transformative companies together!
Agenda (Pacific Standard Time)
5:00–5:10?Introduction
5:10–5:35?Free Agent —?Kirsten Toth & Macoy Erkamps
5:35–6:00?PhotonFi —?Francois Modarresse
6:00–6:25?Everle —?Tessa Adams
6:25–6:45 — Discussion
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Looking forward to seeing everyone there! See Zoom information in the comments.
