SUM Ventures is a venture capital firm established in 2016 and located in Santa Monica, California. The firm specializes in investing in early-stage companies across various sectors, including fintech, proptech, Internet of Things (IoT), artificial intelligence, cleantech, and medtech. SUM Ventures focuses on ventures that are poised to make a significant impact within their respective industries.
R3 Score offers an innovative approach to background checks by providing businesses with a detailed risk assessment of applicants who have criminal records. Utilizing a sophisticated algorithm, R3 Score analyzes multiple data points to deliver accurate, real-time evaluations that consider both static and trending activities. This service not only enables companies to identify qualified talent and customers but also aids in maintaining compliance with regulatory requirements. By focusing on a more nuanced understanding of individuals with criminal histories, R3 Score aims to reduce barriers to economic opportunities for these individuals, fostering a more inclusive hiring process.
Eduworks
Seed Round in 2023
Eduworks is a seasoned developer of learning and education management software, with over a decade of experience in addressing complex business challenges using advanced technologies such as artificial intelligence, natural language processing, and deep learning. The company has successfully partnered with large organizations, including the U.S. Department of Defense and Boeing, to enhance their operational efficiency. Eduworks' software is designed to eliminate obstacles to knowledge and maximize human potential through innovative applications of AI for text analysis, data science, and skills management. As Eduworks evolves into THIA, it aims to establish itself as the definitive platform for copilots, enhancing performance and improving learning processes for its clients.
UNest
Series A in 2023
UNest is a digital platform designed to assist families in saving for their children's education and future financial needs. Founded in 2018 by Ksenia Yudina in North Hollywood, California, the app allows parents to open a Uniform Transfers to Minors Act (UTMA) account for their children within minutes and without the need for paperwork. UNest offers features such as advisor-guided investment plans, a simple gifting option, and the ability to set up recurring contributions, making it easier for parents to manage their savings. Additionally, the platform provides regular updates to help users track their savings progress, empowering families to invest in their children's financial futures from an early stage.
SweatPals
Grant in 2023
SweatPals is a peer-to-peer marketplace designed to connect fitness enthusiasts with their local fitness and wellness communities. The platform operates through a mobile application that provides users with information about various fitness and wellness events in their area. This allows individuals to discover and join fitness communities that align with their interests and passions, fostering a sense of connection and engagement among users. By facilitating these local connections, SweatPals aims to enhance the overall fitness experience for its users.
BRIUS
Series A in 2023
Mechanodontics is a revolutionary method that can be used instead of braces or aligners that moves the teeth independently. Placed behind the teeth so they cannot be seen, this method considerably shortens treatment time, allows for easier cleaning than traditional braces, and is more comfortable than any other behind-the-teeth braces.
Irrigreen
Seed Round in 2023
Irrigreen, Inc. is a company based in Edina, Minnesota, that designs, manufactures, and distributes innovative lawn irrigation systems. Founded in 2010, the firm specializes in an IoT digital sprinkler system that significantly reduces water usage by up to 50% compared to traditional methods. Utilizing advanced technology inspired by inkjet printing, Irrigreen's system features a patent-pending nozzle design that ensures even water distribution tailored to the specific shape of any landscape. The company targets homes, landscape contractors, municipalities, and water districts, distributing its products through a network of distributors across the United States. By integrating digital technology into irrigation, Irrigreen aims to lower water bills for its customers while minimizing waste.
PlantSwitch
Seed Round in 2023
PlantSwitch is a biopolymer compounding company focused on developing compostable alternatives to traditional plastic resins, specifically targeting single-use plastic products. Utilizing proprietary cellulose-based technology, PlantSwitch significantly reduces the cost of biopolymers by up to 40% while enhancing their sustainability and mechanical properties. The company sources materials from renewable resources such as cornstarch, sugarcane, and agricultural waste streams, which are designed to break down more quickly and safely in the environment compared to conventional plastics. As it prepares to launch its first commercial production facility, PlantSwitch is raising funds to support this initiative, aiming to lead the transition towards a more sustainable future and encourage environmentally conscious practices among businesses and consumers.
Ovation Ventures
Seed Round in 2023
Ovation Ventures focuses on financial wellness through the development of software that enhances users' financial health and preparedness for various life stages. Its flagship application, Paperwork, allows individuals to securely organize critical documents and create emergency plans, ensuring that families have access to essential information when needed. The platform provides step-by-step guidance on necessary documents, helping users protect their families and navigate life's uncertainties with peace of mind. By prioritizing safety and security, Ovation Ventures aims to optimize the management of private and financial information for its users.
Purlin
Seed Round in 2022
Purlin makes the homebuying experience better, helps real estate professionals succeed, and improves the businesses of brokerages and lenders, through intelligent personalization. We use image-based AI to create the best possible real-estate experience from finding to buying a home. We take users on an exploration of home styles and design and let them “peek” inside to find what they like so that we can deliver home matches that they want. We create profiles that combine personal style with life, geographic, and budgetary inputs, and continually enrich them as buyers interact with our AI. We guide them through the entire dynamic process, with automated intelligence and deep real estate and mortgage expertise. Our intelligent real estate experience was created to make finding the right home more satisfying for buyers, more efficient for RE professionals and more profitable for brokers and lenders.
DRESSX
Seed Round in 2022
DRESSX is a fashion startup that offers digital-only collections from brands and 3D designers. The startup gives digital clothes that may be digitally worn by its customers of their photographs and movies to be shared throughout varied digital platforms. It was founded in 2020 and is headquartered in Los Angeles, California.
LiveEasy
Venture Round in 2022
LiveEasy is a concierge platform that specializes in providing full-service, white-labeled, no-code solutions for moving and home services. The company has developed a relocation platform aimed at simplifying the moving process for users. Its platform allows for the planning, organization, and completion of various moving-related tasks through an intuitive dashboard. This approach enables service providers to offer customers a personalized and seamless moving experience.
WaveOn
Pre Seed Round in 2022
WaveOn is a company that specializes in transforming physical products into innovative Web3 marketing, sales, and service experiences without the need for apps or search engines. By utilizing a combination of award-winning software and contactless technology, WaveOn effectively merges offline and online commerce, allowing products to serve as digital points of sale. This approach enhances customer engagement both before and after purchase. The company develops metaverse-ready solutions for prominent sports brands, including BMC and Firewire, among others. WaveOn's platform aims to improve supply chain management and strengthen customer relationships by facilitating seamless connections between businesses and consumers.
Zebel
Pre Seed Round in 2021
Zebel is a construction cost estimating software tailored for general contractors and real estate developers. The platform is utilized by prominent builders to efficiently generate accurate cost estimates from the conceptual stage through guaranteed maximum price (GMP) pricing. Zebel accommodates a variety of project types, including commercial, multifamily, industrial, data centers, and hospitality. Additionally, the software offers a construction analytics platform that enables users to conduct feasibility analyses for multifamily construction. It organizes data into a comprehensive database, facilitates the generation of construction cost estimates, and produces comparative reports to assess the financial implications of different design metrics. This functionality allows clients to evaluate multiple design scenarios and identify the most effective options for their projects.
Breakr
Seed Round in 2021
Breakr is a technology-driven music promotion marketplace that connects musicians with influencers to promote new music. The platform allows music influencers to create profiles, specify their music preferences, and design digital campaigns that can be utilized across various platforms. By addressing the challenges associated with influencer campaigns, Breakr matches artists, record labels, and brands with suitable influencers based on shared interests and campaign objectives. This connection facilitates successful collaborations that enhance engagement, drive traffic, and generate revenue, ultimately helping artists and brands break new music through cultural influence.
Acorns
Funding Round in 2017
Acorns is a financial technology company founded in 2012 and based in Irvine, California. It offers an application that automates micro-investments by rounding up users' everyday purchases to invest the spare change into a diversified portfolio of exchange-traded funds. These funds are managed by reputable asset managers, providing users with exposure to a variety of investment options. In addition to this core feature, Acorns also provides services such as debit cards, personal checking accounts, investment accounts, and retirement accounts, enabling individuals to invest small amounts of money regularly. The platform aims to make investing accessible and straightforward for everyday users.
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