Unearthing Resilience: The Elements that Weather the Storm
This week, we celebrate a few milestones at R3I CAPITAL
With a desire to help extend the runway of any company we invest in, we formally welcomed our friends at Striders Corporation and Hatcher+ as Coinvestors in our upcoming Planet43 programs alongside our R3i Future Fund.
If you missed the announcement, you can find it here :
Being the change we want to see
莫利纳利帕特里斯 and I are about to graduate 35 new emerging managers and LPs from our Luxembourg School of Business PE & VC program this term.
Shout out to Giulia Negri, Ph.D. , for being the provocateur! We have to be the change we want to see. Luxembourg, let's make it happen!
OpenAI Dev Week inspires the launch of SheGPVC
We were also inspired by the OpenAI Dev Week to launch our very own virtual assistant for Venture Capital for every Angel and Emerging Manager to have a virtual guide on their journey.
You can try it out here:
We finally made it to the other side of our shortlist for our upcoming Planet43 program with a pipeline of 11,000 SDG-linked companies with patents or a data moat edge, finally landing at 67 companies.
Next week, we will further take it down to 12 - to make offers for our new cohort.
What a feat!!!
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If this is the first time reading the Venturer, R3I CAPITAL is a specialized artificial intelligence-focused deep tech investment firm.
Our global impact platform, R3i Future Fund, operates across Asia Pacific, Europe, and the Americas and builds out our US$50 million early-stage deep-tech venture capital accelerator fund to underwrite and later double down on 60 AI-focused startups globally. These startups will drive innovations that enhance smart cities' interconnected systems aligned with sustainable development goals.
If you are yet to meet our team, the R3i team has a solid track record, with a team having invested more than 2.4bn in our lifetimes. We are one of the few funds in the early stage that have operated and invested across three economic cycles, and our fund zero is already delivering double-digit returns, albeit gross and unrealized.
What sets us apart is our unique value-add strategy, centered around:
Sharpening the saw with 2X Global
We joined over 50 emerging managers this week at 2X Global Ignite SEA program. Once again, Christian Rangen challenged us all to sharpen our saw with our multi-fund strategic planning.
We enjoyed catching up with Frida Kl?bo Vonstad , our Western Europe winner of She Loves Tech and 2nd place winner in the Global competition.
Imagine never having to call a customer and them just lining up at the front door.
That's what happened to Frida Vonstad on completing her Ph.D. when she digitized the geo-mapping for the construction and mining industry for tunneling.
You can review her winning pitch here - and the hook - 15% more yield - 70% less carbon!
Frida was only one of the founders R3i Ventures sent off to the Global competition. She is now flying the flag high for all women in Science and Technology to move the needle forward for all deeptech entrepreneurs in Norway.
Ida Stjernstr?m of the Silo Team winner of the Nordics, made the top 10 at the She Loves Tech Global Summit and pitched at Slush this week. We can't wait for the exciting announcement of their new round!
Shout out also to Eva Kuttichová Macromo seen at the Global Summit who won Southern Europe; Mao Parr(datagusto,inc. CEO/Founder) datagusto , who took out the Japan finals; and 40FY(fortify) , who shone in South Korea.
- and after many weeks of R3I CAPITAL team judging through the many rounds of Slingshot, Rudder Wu from Thermalytica Inc. took out first place!
After months of preparations, weeks of exclusive programs, and days of exciting pitching, the cleantech startup walks away with a total of S$250,000 Startup SG grant. Congratulations to our winners, and thank you to all participants for joining the SLINGSHOT journey. Rudder Wu we can't wait to see what's next!
Watch CNA 's interview with Rudder Wu , Founder and Chief Technological Officer of Thermalytica Inc., as he celebrates his grand slam win at Singapore Week of Innovation and Technology (SWITCH) . Thermalytica Inc.,?a cleantech startup from the Environment, Energy, and Green Technologies sector, impressed judges?with its cutting-edge innovation, TIISA?, an advanced super insulation material with exceptional thermal performance, cost efficiency, and versatility.
Congratulations also to the first runner-up Bering Labs Inc ., which provides domain-specific translation engines and tools powered by Artificial Intelligence (AI) for the legal and patent industries, while the second runner-up was Abhishek Agrawal of Kinexcs , an AI-driven digital health and wearables company focused on enabling mobility for patients with musculoskeletal conditions. Abhishek Agrawal , it's so great to see your progress!
Judging this year's competition is always a highlight in our calendar at R3I CAPITAL and R3i Ventures . See you all next year!
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Portfolio News
Quantum Brilliance has also hit the streets for Series A.
Quantum Brilliance has signed a strategic collaboration with a UK lab to boost the development of room-temperature diamond quantum devices.
The deal with the UK-based Hartree Centre, one of Europe’s largest multi‐disciplinary scientific research organizations, will integrate room-temperature diamond quantum accelerators with high-performance computing (HPC) systems.
Quantum computing is in an early stage called the noisy intermediate-scale quantum (NISQ) era. A hybrid approach is currently considered optimal, with classical working in parallel with quantum.?The Hartree Centre will use the accelerators to improve classical‐quantum algorithm scalability on NISQ devices.
Quantum Brilliance, the leading developer of miniaturized, room-temperature quantum computing products and solutions, announced the appointment of Andrew Dunn as Country Manager in the United Kingdom, where he will establish and lead a new office and run UK operations as part of the company’s latest global expansion.
Andrew previously held the executive role of Strategic Business Development Director at Arm Holdings plc in Cambridge, UK, where, for nearly seven years, he helped drive new growth and revenue opportunities across the semiconductor and software design business. He also spent eight years in London as an Equity Research Analyst for The Royal Bank of Canada. Andrew was consistently five-star rated by StarMine and was ranked the No. 1 UK tech stock picker in 2014.
In his new position, Andrew?will shape and execute the company’s UK strategy in alignment with its?technology, products, and go-to-market roadmaps. He will initiate and nurture key relationships for corporate and public-sector development and pursue other business development opportunities.
Welcome, Andrew!
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Accelerating TRIUM Angels Ascend
We are now ten weeks into thirteen weeks of rigorous learning powered by 90-minute intensives that have brought together a remarkable cohort of 82 TRIUM Global Executive MBA graduates under an Alumni initiative, "TRIUM Angels", representing a diverse tapestry of talent and ambition, hailing from more than 40 countries to connect, engage, and learn the art of angel investment.
This program has been nothing short of exhilarating, as our Angels have eagerly taken the stage to engage with industry leaders and immerse themselves in the world of best practices. It's a global symphony of knowledge sharing and growth. These dynamic weeks have seen our participants navigating complex challenges, diving deep into case studies, and exploring innovative strategies to shape the future of business across borders. From bustling metropolises to tranquil landscapes, our Angels have come together virtually, transcending geographical boundaries to connect and learn from each other.
With a session from Vijay KG learning the art of best practice in Due Diligence, Ryan Logue of LTSE, who took us on the journey of Exits and Liquidity, 莫利纳利帕特里斯 , who taught us the art of portfolio management, and Raymond DiNunzio , a 30+ year veteran of private banking who taught us about Behavioural Investment.
As we progress, the excitement continues to build, and the opportunities for collaboration and inspiration are boundless. Stay tuned for more incredible insights and achievements from this extraordinary journey!"The program has set the stage for a transformative experience, and the coming weeks promise to be equally impactful as our participants continue to push the boundaries of their knowledge and capabilities
With more than 200 TRIUM angels spread across 43 countries and 82 Angels spearheading this inaugural program across both hemispheres, it paves the way for global impact!
This week, we uncover the importance of Environmental, Social, and Governance risks at an early stage and how the theory of change for each company. In today's business landscape, identifying and managing ESG issues are no longer optional but imperative. Businesses that ignore these factors risk reputational damage, regulatory penalties, and diminished investor confidence. As companies strive for sustainable growth, ESG principles provide a robust framework for assessing and improving their practices.
Furthermore, understanding the theory of change for each company is crucial. This involves recognizing how ESG risks can influence a company's strategic direction and impact its long-term success. By embracing ESG principles, businesses can align their operations with societal and environmental values, enhancing their resilience and contributing positively to their communities.
In a world where sustainability and ethical considerations increasingly drive business decisions, mastering ESG theory and its practical applications is essential for any company's long-term viability and success at ground zero.
TRIUM Angels are ramping up to make their impact!
R3i Syndicate Dealdesk
While secondaries take a beating, there are a number of deals on our desk that are clearly bulletproof and surviving the beatings of the bear market. We are excited to have seen blue chip deals this past 18 months that provided exclusive access for hot deals to our LPs. Huge shout out to our Venture Partners who do their best to rally the checks.
In the ever-changing landscape of investment, where the bear market can be particularly unforgiving, it's crucial to acknowledge and celebrate the deals that stand as pillars of strength. While secondaries may be taking a beating, there's a silver lining to be found in a long-only portfolio amid the market turbulence.
Over the past 18 months, we've witnessed the emergence of blue-chip deals that have not only weathered the storm but have thrived. These deals, characterized by their unwavering stability and potential for growth, have been a source of exclusive access for our Limited Partners.
This success was only possible with the dedication and expertise of our outstanding team and Venture Partners. They've played a pivotal role in identifying, nurturing, and championing these resilient deals. Their unwavering commitment to our mission has ensured that our LPs have had access to those off-market opportunities that truly make a difference.
In a bear market, it's heartening to know that there are deals that can navigate these challenges and come out stronger. These deals testify to the power of strategic investment, resilience, and the unwavering support of our team, founders, and partners.
As we move forward, we remain committed to identifying and nurturing such opportunities, ensuring that our LPs continue to benefit from the best the investment world offers. The bear market may be a formidable adversary, but we can weather any storm with the right strategies and partnerships.
Bring on Global Fund Women Week in December from the awesome team at 100 Women In Finance !
Advising Kelly Forbes on her important work at the AI Asia Pacific Institute is one of the most important projects that I support. Regulation is the biggest threat to progress in the AI industry, and it's critical that we all have a voice in it - huge thanks for the opportunity to contribute to the recent working group to develop the APEC Responsible AI standards.
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Despite the scarcity in the market, this update provides valuable insights into our recent developments, partnerships, willingness to learn, and commitment to sustainable investment practices.
Join us!
Together, we accelerate impact.
Leesa Soulodre ?is the General Partner of R3I CAPITAL ,?an investment firm specializing in artificial intelligence and emerging technologies, mobilizing impact towards sustainable development goals. She is a Board Advisor to the AI Asia Pacific Institute and has a portfolio of the world's leading AI scaleups, transforming our planet for impact.
What's in our name?
R3i - 3Rs stands for returns, resilience, and reliability — three characteristics that are often used to describe or evaluate investments, businesses, or other assets.
These three characteristics can be important factors to consider when evaluating an investment or asset's potential risks and rewards.
Three i's — "Intelligence, Innovation, and Insight" are the three characteristics that are often used to describe a venture firm's edge. R3i synthesizes these into its collective and inclusive "impact."
Reach out if you want to learn more about our mission at R3i Capital.
Congratulations Leesa S. and R3i team! We are also very excited to accelerate impact along with you!
Executive Coach | I help unstoppable founders to crush fundraising, conquer new markets, and build world-class teams that scale fast
1 年Great idea launching a R3i chat AI !