Dear InvestU Members,
Here are February updates from InvestU that you may be interested in:
Open Round: HealthTech Company / Open Round
Welby Health (March 2022 InvestU Finalist) has secured a lead investor for a $1.5M seed round and is seeking the last $150K to close the round. Since pitching to InvestU last year, the company has enrolled over 700 patients and 30 clinics, hired a team of eight, and has $500K in booked ARR.
Terms of this round:
- $6M post-money valuation
- Investment Minimum: $50K
- Closing in 2-4 weeks
You may review company information on Dealum under Open Rounds. Email me directly if you would like to connect with Welby Health for this round.
Recent News
We are excited to welcome two companies into the InvestU portfolio:
- NanoDropper (Oct. 2022 Pitch Event) received $50,000 in funding from InvestU. The company has raised $925K and have another $625K soft circled to complete the round.
- Mindset Medical (Nov. 2022 Pitch Event) received $450,000 in funding from InvestU to close out their bridge round. The company is already making progress towards a Series A round this Spring.
On February 3rd we hosted the Thunderbird Startup Showcase in downtown Phoenix. This was our largest event yet, with ~70 in-person attendees and 100+ attendees on Zoom. Four of the eight presenting companies received significant investment interest from attendees:
- Neovida Wellness, Consumer Supplements, Phoenix
- SpectraGrow, Ag Tech, Colorado
- StructureBot, Construction Tech, Colorado
- WattAnyWhere, Clean Tech, Europe
If you are interested in connecting with any of these companies, please let me know by email or by indicating your interest on Dealum under the Investor Interest tab.
You may view the event recording here: https://www.dropbox.com/s/i2y8lj7gtt5po9a/InvestU_0%20%281%29.mp4?dl=0
Upcoming Event
InvestU Pitch Event
March 28, 4:00 p.m. Arizona Time
Register Online for in-person or virtual attendance.
Diligence is underway with our three finalists companies. You may review company information on Dealum under Funnel>Finalists.
We appreciate your membership and are here to help connect you with relevant opportunities at ASU and Thunderbird. Please don’t hesitate to reach out to our team with any questions:
- Questions about Dealum, investment opportunities, or general membership benefits & inquiries: Louise Hardman, louise.hardman@asuep.org
- Questions about membership documents, payments, or event registrations: Katie Cross,katie.cross@asuep.org
Best,
| Louise Hardman |
| Director, RealmSpark & Investor Engagement |
| RealmSpark |
| ASU Enterprise Partners |
| o: (480) 727-7884 |
| email: louise.hardman@asuep.org |
| website: asuenterprisepartners.org |
| PO Box 2260 | Tempe, AZ | 85280-2260 |