Global League Demo Day - June, 2024
Global League (G-L.Ventures) is a network for collaboration between investors to help the most impactful startups recommended by investors. We prioritize climate tech with capital efficiency, AI infrastructure, dual-use tech, and semiconductors, from seed to series A stage. Below are select deals shared by investors, not soliciting any investments.
We always have industry experts in evaluation, and use a digital platform to avoid cognitive bias. Collaboration on deal evaluation, venture-building, making introductions, and co-investments is welcome, and we'll form SPVs. Under each company briefing listed below, click "Access the Deal" to get more information or join the deal evaluation on the DueDash platform.
Next Demo Day (Jun.28, 11 AM US Central)
Dolphin Labs
The patented Dolphin Labs xNode is a wave energy converter (WEC) that harnesses wind-driven ocean wave action to produce up to 1kW of remote, renewable electricity.
Dolphin Labs provides small-scale wave energy converters with the smallest footprint that can power subsea applications - autonomous submerged or floating wave energy conversion to enable persistent power, sensing, and communications in remote marine environments. It targets commercial and government clients (dual-use), and has secured clients in both.
They have secured $2.5M in non-dilutive grants from the US Navy, US DOE & NATO DIANA, and are part of the NATO DIANA program in 2024.
The management team comes from Shell, Hess, NREL, H3Harris, Berkeley, etc.
FLUIX
FLUIX has developed an autonomous AI platform that saves energy costs for essential buildings such as data centers and critical infrastructures by up to 40% by efficiently managing fragmented facility systems (HVAC, IT, water, etc.). 93% of 2000+ SMB data centers in the US are fragmented!
As Jack Whelan the Director of BD of International Accelerator recommended: "What I really love about FLUIX is they are using a 100% software solution to save energy costs in data centers, all without violating manufacturers' warranty on the existing HVAC systems. I've seen a lot of companies doing something like this, but always with hardware that by its very nature violates warranties and excludes a huge part of the market (all data centers still under warranty)."
A recent case study showed?FLUIX's?AI slashing AC energy by 65% inside the server room?of our client Solideon, who signed a $24K LOI. FLUIX has secured 4 clients, the new funding is to onboard more from their sales pipeline of value up to $8M ARR.
The management team comes from Epsilon Systems, Infosys, IBM, HPE, Dell, etc.
MicroEra Power
Massive amounts of storage are needed to integrate more renewables into the grid and to support electric heating. Batteries and hydrogen/fuel cells are expensive. Traditional Thermal Energy Storage (TES) solutions are very large and inflexible. THERMAplus has 10X the energy density vs. water, is TUNABLE (storing both heat & cooling), and is flexible/grid-responsive. They shift HVAC loads to off-peak, recover waste heat, and enable renewables - with cost savings up to 50% for commercial buildings.
They plan to scale with turn-key, energy-as-a-service financing, partnered with utilities and energy service companies. The pay-back period is < 3 years, and shared savings contracts are very appealing. They have secured more than $3.5M in non-dilutive funding and paid pilots from DOE, NYSERDA (New York State Energy Research and Development Authority), ConEdison, and NYPA (New York Power Authority). They are backed by Quake Capital Partner, this round is closing soon.
The management team comes from GM, Prudential Financial, Carrier, and AHEAD Energy.
After Demo Day - Recording and Follow-Ups
Thanks to those joining Global League (G-L.Ventures) Demo Day on June 28, that was a great one! We got a lot of praise for the quality of the selections! Collaborating across boundaries for collective intelligence from a trusted network of smart people, Demo Days are the first meetings for recommended startups and our group. Only non-confidential information is shared. More briefings about presenting companies can be found in this previous newsletter.?Below is the recording link, they presented in this sequence below (alphabetically), and each took about 30 minutes (10 min. demo + 15 min. Q&A).
To join the next steps for diligence with any of those companies, give your feedback in the survey below. If you opt-in, you’ll be invited to join deeper communications and document sharing on DueDash, and a second online meeting. We always have industry experts in diligence. Only investors and industry experts will participate in the deal evaluation. Only participants in a deal evaluation will get the collective evaluation result, and curation of all Q&A through the process starting from Demo Day (but your opinions can be anonymous).?Decisions are individual. We can form SPVs if that helps smaller investors. In the survey, investors can also recommend startups from their portfolio.