INVESTigate: COREangels Pacific
We are dedicating this edition to COREangels Pacific - taking a closer look at the leaders of this fund and its most recent startups, also including their most significant highlights. Find out more about COREangels Pacific!
Get active alongside our community for the first edition of Tech Run learn more about the positive impacts anyone can generate through angel investing with Marcia Dawood , find out how you can be a part of our community through our Angel Investors Hub Online Course, our Angel Fund Management Course and our Angel Fund Launchpad Program, and come check out our very own COREangels Day - coming soon, stay tuned!
Happy Angel Investing!
Tech Run
Join the participating COREangels community and connect with founders, investors, and tech enthusiasts in a unique race through Lisbon’s innovation district! Use our code techrun10 on checkout for 10% off.
??? November 10th
?? 10:00am WEST
?? Lisbon, Portugal
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About Tech Run
Tech Run gathers startupers, corporates, investors, and any tech enthusiast runner in an experience that will connect the city with innovation through an outstanding sports experience.
COREangels Day
Join the biggest gathering of COREangels global community! Meet COREangels Angels, Fund Leaders, and Startups in Lisbon during the Web Summit conference.
This year we are inviting the Directors of Angel Groups, VCs, Family Offices, Institutional Investors and our Partners to join us to meet the selected COREangels Startups and Participate in the COREangels Community Awards where we celebrate our most dedicated angel investors.
Tickets will be available in September! Stay tuned!
??? November 11th
?? 17:00 - 21:00 WEST
?? (TBA) Lisbon, Portugal
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About COREangels Day
COREangels Day is the biggest gathering of the COREangels Global Community happening every year in November, in Lisbon, Portugal during the Web Summit conference. Every year more than 100 COREangels Members participate in this networking event.
VNTR Summit Lisbon: Global Investor Summit
Join this unique event with over 200 global investment decision-makers networking, discussing investment trends and topics like AI, Investment in Portugal and many more. Use our code COREANGELS15 for 15% off your tickets!
??? November 13th
?? 09:00 - 18:00 WEST
?? Lisbon, Portugal
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About VNTR Summit Lisbon
VNTR Summit Lisbon is a premier gathering of the world's most influential investment decision-makers. This exclusive event brings together 200+ carefully selected participants, including VC Fund Partners, Business Angels, Family Offices, CVCs, and Capital Allocators. Experience a day of cutting-edge insights, strategic networking, and unparalleled opportunities in a curated environment designed to foster meaningful connections and drive investment innovation.
Nils Galdo Joins 2024 Black Ambition Mentorship Program as Mentor
COREangels Pacific is excited to announce that Nils Galdo, Fund Leader of COREangels Pacific, has been selected as a mentor for the esteemed 2024 Black Ambitionist Mentorship Program.
This prestigious program, founded by Pharrell Williams, is dedicated to empowering Black and Latinx entrepreneurs by providing them with access to mentorship, capital, and resources. Nils’ appointment as a mentor aligns perfectly with his commitment to fostering diversity and innovation in the startup ecosystem—key pillars of COREangels Pacific’s mission.
As a mentor in the Black Ambitionist Program, Nils will leverage his extensive experience in venture capital and entrepreneurship to guide underrepresented founders through the complexities of building and scaling a successful startup. From helping them fine-tune their fundraising strategies to offering insights on leadership and growth, Nils will play an instrumental role in supporting these emerging entrepreneurs as they navigate their journeys.
Nils’ involvement in the Black Ambitionist Program is a natural extension of the work he leads at COREangels Pacific. Under his guidance, the fund has championed early-stage startups that not only push technological boundaries but also reflect a commitment to social impact. By mentoring Black and Latinx founders, Nils will continue to advance COREangels Pacific’s goal of supporting diverse entrepreneurs who bring fresh perspectives and innovative solutions to the market.
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George Cargill on Empowering Startups in the Pacific Region
Interviewed by T13 channel, one of Chile's leading television channels, George Cargill, the leader of COREangels Pacific, shared insights into his journey as an angel investor and shed light on the dynamic world of startup investments. Join us as we delve into the mind of an influential figure in the Chilean startup ecosystem.
A Passionate Entrepreneur and Angel Investor
George Cargill, a self-proclaimed entrepreneur at heart, wears the hat of an angel investor with fervor and dedication. With nearly a decade of experience in the field of angel investing, George's journey began with a pivotal investment in Comunidad Feliz, a startup he co-invested in with his brother. They were their first investors when they had CLP$ 8.000 pesos (around 10 dollars) in their bank account, but it marked the beginning of a remarkable entrepreneurial adventure.
The Evolution of Angel Investing
George took the opportunity to reflect on the evolution of angel investing from his perspective. Over the years, he has not only honed his skills but also professionalized his approach, collaborating with fellow investors and friends to make a more significant impact on the startup landscape.
A Transformative Approach
COREangels Pacific, under the leadership of George and his co-leader, Nils Galdo, is making waves in the world of angel investing. One of their standout features is the collaborative approach they bring to the table. By pooling resources and knowledge, they can provide startups with more substantial support.
George emphasized the importance of startups being open to mentorship and advice from angel investors. Startups should recognize that angel investors bring more than just capital; they also offer valuable insights, industry connections, and expertise.
Key Traits for Startups Seeking Angel Investments
When it comes to startups seeking angel investments, George and COREangels Pacific focus on a few key traits:
George Cargill's Recommendations
Before concluding the interview, George offered recommendations for startups and aspiring entrepreneurs. He encouraged them to stay resilient and weather the challenging early stages of building a business. In the current ecosystem, where securing funding can be difficult, he advised startups to focus on sustainability and strive to be self-sufficient.
George also shared his enthusiasm for startups that focus on solving critical issues, such as the agricultural sector's water scarcity problem. He mentioned his investment in Instacrops, an agrotechnology startup that uses artificial intelligence to optimize irrigation and improve crop yields with fewer resources.
You can watch the original interview on Tele 13 in Spanish
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Duopharma Biotech Berhad Invests $1M in The Live Green Co to Pioneer Plant-Powered Wellness
In an exciting development that underscores the growing trend towards plant-based wellness solutions, Malaysian pharmaceutical powerhouse Duopharma Biotech Berhad (DBB) has announced a substantial investment of up to $1 million in The Live Green Co, a cutting-edge AI company based in the United States. This strategic move shows the trendy of plant-powered pharmaceutical products and functional foods that cater to the increasing demand for healthier and more sustainable options.
Embracing the Plant-Powered Future
Duopharma Biotech Berhad's decision to invest in The Live Green Co indicates the global shift towards embracing plant-based alternatives in healthcare and nutrition. As Group Managing Director Leonard Ariff Abdul Shatar explains, "We are pursuing opportunities to venture into plant-based functional foods in response to rising demand among consumers keen to improve health via their diet, as well as to serve the needs of patients who require special dietary products, such as diabetic-friendly foods."
COREangels Pacific Has Been Fuelling Dreams
At the heart of The Live Green Co's journey is the support of COREangels Pacific, an angel fund composed of enterprising entrepreneurs with a fervent commitment to nurturing early-stage startups in the Pacific Ring of Fire region. This symbiotic relationship between visionary investors and passionate innovators has been instrumental in The Live Green Co's rapid growth and global recognition.
Science Meets Nature In Charaka
Central to The Live Green Co's success is its groundbreaking recommendation engine, Charaka, named after the ancient text that documented the properties of countless plants in Ayurvedic Indian medicine. This innovative engine, with its wealth of data encompassing 15,000 plants and properties, guides the formulation of plant-based alternatives to over 5,000 regulatory-approved food additives. By fusing traditional wisdom with scientific rigor, Charaka paves the way for healthier, tastier, and more sustainable food choices.
A Global Footprint and Mission
The Live Green Co's impact transcends borders. With operations spanning the United States, Chile, Singapore, and India, the company's influence is truly global. Collaborations with renowned brands and its commitment to precision fermentation technology have positioned The Live Green Co as a driving force in addressing food safety, health, and climate change challenges.
Cultivating a Greener Tomorrow
At the heart of this remarkable journey is the steadfast belief and support of COREangels Pacific. As one of the earliest backers of The Live Green Co, this angel fund's commitment to fostering innovation and propelling startups forward has played a pivotal role in bringing Priyanka and Sasikanth's visionary concept to fruition. Their unwavering faith in The Live Green Co's potential has not only fueled the startup's growth but also exemplifies the power of collaboration between visionary investors and pioneering entrepreneurs. With their backing, The Live Green Co's plant-powered revolution is positioned to redefine not just wellness, but our relationship with the very essence of nature itself.
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COREangels Pacific's Investment TripYeah Is Acquired by Nezasa
In the ever-evolving landscape of the startup ecosystem, success stories are always worth celebrating. One such triumph is that of TripYeah, a flight route itinerary optimizer, which was invested in by COREangels Pacific, a group of successful entrepreneurs from LATAM and Asia. This angel fund is committed to scaling early-stage Latin American startups in the Pacific "Ring of Fire" area, leveraging their vast experience and network as entrepreneurs and angel investors. The recent acquisition of TripYeah by Nezasa, a Switzerland-based SaaS company specializing in tour itinerary management, stands as a testament to the great potential that startups nurtured by COREangels Pacific possess.
The Significance of COREangels Pacific's Mentorship and Investment
COREangels Pacific's investment in TripYeah has proven to be a strategic move, yielding exceptional results for all stakeholders involved. The success of TripYeah showcases the benefits of having seasoned entrepreneurs and angel investors supporting startups. By co-investing with accredited early-stage VCs, COREangels Pacific ensured that TripYeah had access to a robust network, expertise, and financial resources, enabling the startup to navigate the challenges of scaling in the fiercely competitive travel tech market.
Angel Funds as Powerful Investment Vehicles
Angel groups, such as COREangels Pacific, play a pivotal role in the startup ecosystem. Their commitment to nurturing early-stage ventures not only provides much-needed capital but also grants access to valuable mentorship and guidance. Startups supported by angel groups have the opportunity to tap into a wealth of knowledge and connections that can be transformative for their growth trajectory.
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Looking Ahead
Nezasa's recent investment of $4.7 million from a consortium of investors, including Alpana Ventures, Liquid Partners, Credit Suisse, and Zürcher Kantonalbank, signifies the company's ambition to expand its product offerings and global footprint. With the addition of TripYeah's flight route itinerary optimization technology, Nezasa aims to tackle one of the biggest unsolved challenges in travel technology: resolving disruptions during trips.
The acquisition of TripYeah by Nezasa is not just a success story for the two companies involved, but it also serves as a powerful validation of the potential that startups nurtured by angel investors can achieve.
COREangels Pacific's investment and mentorship in TripYeah have played a pivotal role in its growth and ultimate success. As we celebrate this milestone, it is essential to recognize the crucial role that angel groups play in driving innovation, fostering entrepreneurship, and shaping the future of the startup ecosystem.
Source: PhocusWire
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COREangels Pacifics' ComunidadFeliz.com Shaves its Way to New Milestones
In the world of startups, achieving milestones is not just a cause for celebration; it's a validation of hard work, dedication, and a vision brought to life. Comunidad Feliz, a company revolutionizing building and condominium management software, has recently hit several significant milestones, marking its journey with success and growth. Under the wing of COREangels Pacific, Comunidad Feliz has reached new heights, attracting significant investments and expanding its reach across Latin America.
David Pe?a HappyHOA , one of the founders of Comunidad Feliz, recently fulfilled a promise he made to the community. With joy and humor, he shaved his head in a celebratory video uploaded to LinkedIn. The reason? Comunidad Feliz reached a significant milestone of 5,000 active communities using their software. This achievement represents more than just a number and a dare; it symbolizes the trust of over 600,000 families who rely on Comunidad Feliz for their building and condominium management needs.
But wait! The celebration doesn't end there. Alongside this remarkable milestone, Comunidad Feliz announced another significant achievement: the securing of a financing line of over a million dollars with BTG Pactual, through its Venture Debt II fund. This financing not only speaks to the confidence investors have in Comunidad Feliz but also ensures that the founders' participation in the company remains strong. David Pe?a emphasized that choosing the right financing option was crucial for the company's future. Despite having multiple options, they opted for BTG Pactual due to its competitive commercial conditions. This decision reflects their commitment to maintaining control and direction over their company's growth.
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Cerby 's Impact at Okta’s Cyber and Digital Identity Capitol Hill Day
During Okta’s inaugural Cyber and Digital Identity Capitol Hill Day, Cerby, represented by Chief Trust Officer Matthew Chiodi , made waves with its innovative approach and strategic insights.?
Cerby’s presence at the event signaled its commitment to addressing critical cybersecurity challenges. Through strategic engagements with senior staff from key congressional committees, Cerby effectively conveyed its mission and showcased its solutions for enhancing digital security.
One of the focal points of Cerby’s discussions revolved around the importance of establishing trust and security in digital identity systems. By emphasizing the need for robust identity solutions, Cerby contributed to conversations aimed at bolstering confidence in government institutions and mitigating risks associated with identity theft and fraud.
As discussions turned to the deployment of artificial intelligence (AI), Cerby advocated for responsible and ethical practices. By highlighting the significance of standardized procedures and regulatory compliance, Cerby demonstrated its commitment to harnessing AI’s potential while ensuring ethical guidelines are upheld.
Cerby underscored the critical importance of integrating security measures into the development process of applications. By prioritizing security alongside user experience, Cerby emphasized the need to mitigate vulnerabilities and protect user data, thus fostering trust and confidence among consumers.
Cerby played a pivotal role in advocating for technology adoption within government agencies. By promoting public-private partnerships and innovative cybersecurity solutions, Cerby aimed to modernize government infrastructure and enhance cybersecurity defenses, ultimately contributing to a safer digital environment.
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COREangels Pacific Portfolio Company Cerby Secures $17 Million in Series A Funding
Cerby, led by CEO and co-founder Belsasar Lepe , a former Google software engineer, is on a journey to address a critical challenge in cybersecurity. In today's digital landscape, businesses often rely on applications that, while essential, do not adhere to common identity and security standards. This glaring gap can expose organizations to significant risks, as demonstrated by a recent study from the Ponemon Institute, which revealed that 52% of organizations have faced cybersecurity incidents due to their inability to secure nonstandard applications.
The team at Cerby recognized this issue and got on a mission to bridge the identity gap for nonstandard applications. Their platform, a patent-pending access orchestration engine, is designed to seamlessly manage access for applications that do not support modern identity protocols, such as APIs and single sign-on (SSO).
This Series A funding round, led by Two Sigma Ventures with significant participation from Outpost Ventures, an investment platform of Neuberger Berman, marks a significant step forward for Cerby. Notably, Cerby's funding round also saw participation from a prestigious group of investors, including Ridge Ventures, Founders Fund, Bowery Capital, AV8, Salesforce Ventures, Tau Ventures, Okta Ventures, Incubate Fund, and Ben Johnson, co-founder of Obsidian Security and Carbon Black.
The funds raised, combined with Cerby's existing resources, bring the company's total funding to an impressive $32.5 million. These funds will be instrumental in accelerating Cerby's growth strategies, including expanding their sales and marketing efforts, further enhancing their access management solution for nonstandard applications, and investing in generative AI to streamline integration development and maintenance.
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Cerby Recognized as Cybersecurity Leader with Two Major Industry Awards
Cerby, a cutting-edge software security startup backed by COREangels Pacific, has recently been recognized for its innovation and excellence in cybersecurity. The company proudly announced two major achievements: being included in Redpoint's 2024 InfraRed 100 list and receiving the "Password Management Solution of the Year" award from the 2024 CyberSecurity Breakthrough Awards Program. The awards reinforce Cerby’s growing reputation as a leader in software security and password management.
Redpoint’s 2024 InfraRed 100 List: A Mark of Innovation
Cerby's inclusion in Redpoint's InfraRed 100 list is a remarkable milestone. This prestigious annual list highlights the most promising infrastructure startups globally, recognizing those that are innovating and addressing critical challenges in cloud infrastructure, cybersecurity, and IT operations. Being selected among hundreds of companies is a testament to Cerby's relentless focus on enhancing security without sacrificing user experience. Their unique approach to protecting software environments, particularly by automating identity and access management across shadow IT systems, has drawn significant attention.
Inclusion in the InfraRed 100 is more than just an honor—it provides validation from industry experts and investors. Cerby is part of a distinguished group that has demonstrated significant potential to shape the future of digital infrastructure.
“Password Management Solution of the Year” at the 2024 CyberSecurity Breakthrough Awards
Cerby’s second major achievement comes in the form of the 2024 CyberSecurity Breakthrough Award for "Password Management Solution of the Year." This award, which recognizes the most innovative and comprehensive password management solutions in the market, highlights Cerby’s cutting-edge platform that addresses one of the most critical vulnerabilities in today’s cyber landscape: poor password hygiene.
In an era when compromised passwords remain one of the most common causes of security breaches, Cerby’s solution stands out by offering a seamless, user-friendly platform that integrates with existing infrastructure. Their technology allows organizations to enforce strong password policies, automate password resets, and secure privileged access while providing an intuitive interface for users. The CyberSecurity Breakthrough Awards program received thousands of entries across a wide range of cybersecurity sectors, making Cerby’s win even more significant.
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Celebrating CodeGPT 's Growth and Empowering of Developers with COREangels Pacific
Since its launch in March 2023, CodeGPT has rapidly emerged as a powerful tool for developers and CTOs, revolutionizing the way they approach coding, debugging, and project management. In just over a year, CodeGPT has amassed more than 1.4 million downloads and serves users in over 180 countries, adding hundreds of thousands of new users each month. This growth accompanies the platform's sustained impact on developer productivity.
A Game-Changer for Developers
Designed as a coding assistant, CodeGPT is available as an extension for popular IDEs like Visual Studio Code and JetBrains. It integrates large language models (LLMs) to offer more than just code generation—it also helps developers debug their code, understand their codebase, and onboard new team members quickly. With CodeGPT, developers are experiencing a productivity boost of at least 30%, thanks to its AI-driven capabilities that streamline workflows and reduce the time spent searching for solutions or troubleshooting issues.
Overcoming Challenges and Optimizing Performance
The integration of LLMs into CodeGPT was not without challenges. The team needed to ensure that the models could handle large, complex codebases while providing accurate and meaningful insights. To address this, the CodeGPT team developed a graph-based mechanism that allows the LLM to fully comprehend the structure of an entire code repository. This innovation, coupled with fine-tuning the models for specific coding tasks, has significantly enhanced the platform's performance.
CodeGPT has also optimized its LLMs for multi-step processes, such as generating code and performing API calls. By training the models on a diverse range of codebases, languages, and debugging scenarios, the team has created a solution that seamlessly fits into a wide range of development workflows.
Looking Ahead: The Future of CodeGPT and Its Partnership with COREangels Pacific
With strong support from COREangels Pacific, CodeGPT has ambitious plans to continue its rapid growth and innovation. The team is actively working on integrating more advanced large language models, unlocking features like real-time code collaboration and AI-powered code refactoring to further enhance developer productivity. Additionally, they are exploring new ways to scale the platform’s repository comprehension for larger projects, making debugging and project management even more efficient.
Source: Meta AI
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Climate Tech Deals & Trends across Europe
The Importance of Angel Investing for You and the Society with Marcia Dawood
In this episode of Angel Talks, Marcia Dawood, angel investor and author, discusses the power of angel investing and how anyone, regardless of financial background, can contribute to positive change.
About Angel Talks
Angel Talks is a monthly webinar series by COREangels International, that features discussions, presentations, and panels led by prominent investors, entrepreneurs, and industry experts. Covering angel investing, startup growth, and entrepreneurship, it offers valuable insights, growth strategies, and trends in a dynamic setting. Open to the public and COREangels Community members, it's a platform to learn, network, and engage in the startup investment ecosystem.
?? Angel Investors Hub
With downloadable and record content, plus a community of angel investors for help and advice, this course is designed to help both new and experienced angel investors make better decisions, reduce risk, and maximize their returns in early-stage startup investments.
Created by expert fund managers who have collectively invested in over 100 startups and scouted more than 7,000 opportunities, this course gives you real-world knowledge you can apply immediately.
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?? Angel Fund Management Course
This self-paced online course equips aspiring fund managers, VCs, and angel investors with the essential skills to effectively manage an angel fund! Offering year-round access, this course provides you with the foundation to create and lead a community of angels investing in a common portfolio of startups.
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?? Angel Fund Launchpad Program
Upon completion of the Angel Fund Management with COREangels Course, the Angel Fund Launchpad Program is your next step! An intensive 10-week project-based training that bridges the gap between theoretical knowledge and practical fund management. The goal of the program is to successfully run the 1st Investment Committee of your fund!
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