Announcing an Investment in Vartega

The SWAN Impact Network is pleased to announce an investment in Vartega.

Vartega creates recycled carbon fiber. Using reclaimed and recycled carbon fiber is a low-cost alternative to virgin material for automotive and industrial applications. Vartega sources carbon fiber from various dry fiber and prepreg scrap sources. This material exhibits the same mechanical properties as virgin carbon fiber. Vartega’s carbon fiber is available in semi-continuous, chopped, and milled formats. It is ideally suited for use in thermoplastics, non-wovens, and molding compounds.

Recycled carbon fiber can be used to reduce vehicle weight – increasing range and fuel economy while reducing emissions. Recycled carbon fiber has been used extensively in consumer goods as well as the oil and gas industry. Vartega’s recycled carbon fiber features virgin mechanical properties as well as minimal thermal expansion and high electrical conductivity.

By utilizing the Vartega process, thousands of tons of waste will be diverted from landfill each year. The economic impact of reduced waste disposal fees is significant, but the most substantial economic benefit of using low-cost recycled carbon fiber comes from reduced fuel consumption due to vehicle lightweighting.

A follow-on investment in Advanced Ionics

The SWAN Impact Network is pleased to announce a follow-on investment in Advanced Ionics.

Advanced Ionics is designing a new generation of electrolyzers specifically for industrial users, such as ammonia/fertilizer production, hydrogenation, metal fabrication, glass, methanol, synthetic fuels/chemicals, and power plants, among others. Their purpose-built technology platform produces the lowest-cost onsite industrial green hydrogen of any electrolyzer company. Advanced Ionics is working hard to bring systems to market.

SWAN made its first investment in Advanced Ionics in 2020.

A follow-on investment in Skyven Technologies

The SWAN Impact Network made its initial investment in Skyven Technology in 2019, and is pleased to also participate in the company’s recent $4 million institutional seed funding round. The round was oversubscribed and was led by VoLo Earth Ventures, along with Global Founders Capital and the SWAN Impact Network. Skyven also received California Energy Commission grant awards which brought its new capital total to $6.5 million.

Skyven is based in Richardson, Texas. Their energy services fund and de-risk capital projects that reduce carbon emissions and protect our communities. The process takes a holistic view of the entire plant’s energy balance and flows to bring to life attractive, low-risk opportunities that deliver a strong ROI. Skyven participates as a thermal energy partner, they help companies focus all their resources on what they do best.

Skyven is solving this problem with an innovative business model that allows us to implement decarbonization measures with zero CapEx and savings from day one. The model is enabled by proprietary cloud-based software, which allows Skyven to measure and verify customers’ savings in real-time.

 

Announcing an Investment in Hubly Surgical

The SWAN Impact Network is pleased to announce an investment in woman-led Hubly Surgical.

Hubly Surgical’s mission is to improve patient outcomes and increase quality of care for surgical procedures, inclusively, across standard and underserved settings.

Hubly Surgical is a cranial and orthopedic platform drilling solution. They are focused on modernizing three verticals: bedside intracranial access, elective neurosurgeries, and elective orthopedic surgeries. Targeting neurosurgeons, their first product utilizing this technology is an integrated electric drill system designed to streamline bedside intracranial access, decrease operating room reliance, and facilitate treatment for emerging indications.

Portfolio company Acadeum is delivering impressive impact

Acadeum helps colleges and universities create course-sharing partnerships with like minded-institutions to boost student success, broaden access to educational opportunities, promote curricular innovation and operational efficiencies, and support institution success.

Their impact is driven by their impressive revenue and net income results.

A follow-on investment in Binary Bridge

The SWAN Impact Network is pleased to announce a follow-on investment in Binary Bridge.

Binary Bridge is a Public Benefit Company with the mission to improve access to healthcare and increase the quality of care in underserved locations. They accomplish this by providing software solutions for mobile clinics in remote, low-resource areas. BackpackEMR targets medical teams working in rural areas and is fully supported by Binary Bridge. Binary Bridge understands that medical teams are not experts in technology, therefore Binary Bridge continues the support for medical teams to spend their time and resources on the people they are serving.

SWAN made its initial investment in Binary Bridge in 2018.

 

Follow-on investments in Yotta Energy and ClearFlame Engine Technologies

The SWAN Impact Network is pleased to announce follow-on investments in clean-energy companies Yotta Energy and Clear Flame Engine Technologies.

As a world-wide energy shortage is poised to hit the U.S. this winter, Yotta Energy has raised $13 million to scale its unique, modular energy storage and microgrid technology, specifically designed to transform buildings into self-generating power plants. Led by WIND Ventures, the Series A round also includes follow-on investors Doral Energy-Tech Ventures, Riverstone Ventures, and returning investors, EDP Ventures, and SWAN Impact Network. Overall, the funding will allow Yotta Energy to expand product deployments in the U.S. and Latin America, increase company employment, open up energy generation revenue for commercial flat-roof buildings, and help North and South America meet decarbonization goals. The round brings the company’s total funding to $20 million.

SWAN previously invested in Yotta Solar in 2019.

ClearFlame Engine Technologies, a startup dedicated to the development of net-zero engine technology, announced today that it has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors. The financing was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere, Clean Energy Venture and the SWAN Impact Network.

OneSeventeen Media recognized as a Best-for-the-World company

SWAN portfolio company OneSeventeen Media is a certified B-Corp and has been recognized by B-labs as a Best-for-the-World-2021 company.

OneSeventeen Media is focused on marginalized youth, specifically those who aren’t ‘heard’ in our school system. reThinkIt! is a digital mental health platform using chatbot assistants, live chat counselors and an evidence-based ‘early detection’ assessment to help kids 10 to 15 years old better process difficult emotions, understand their own behaviors, and navigate those of others.

Quoting B-Labs: “Within this business community [of 4,000 certified B-Corp companies] operating at the vanguard of the impact economy, those companies that rank in the top 5% of all B Corps on the B Impact Assessment in its size group worldwide for their sustainable business practices are recognized as 2021 Best for the World. .”

OneSeventeen Media was recognized in the categories of Best for Customers and Best for Governance.

 

A follow-on investment in Curb/Elevation Home Energy Solutions

The SWAN Impact Network is pleased to announce a follow-on investment that furthers the market penetration of the energy-saving technology developed by portfolio company, Curb Energy. That technology enables home owners to reduced electricity consumption by up to 20%.

In 2017, our network made its initial investment in Curb Energy.  Recognizing Curb’s strong revenue growth and high growth potential, our network made a further investment in 2020. Later in 2020, Curb merged with Elevation Home Energy Solutions, a well-established, Arizona-based home solutions provider.

The network has now made an investment in Elevation, and collected significant investment commitments from our angels just four days after sharing the opportunity with them.

Portfolio company Sonnest closes its oversubscribed series A

Sonnest Has Received over $4M in the Series A Financing to Fund the Initial Evaluation of Electrast™ – the Company’s Voltage Activated Ultrasound Imaging Drug

Sonnest, Inc., a pre-clinical healthcare company developing Electrast™, a voltage-activated ultrasound imaging drug for myocardial perfusion imaging, announced today that the company has raised more than $4M in an oversubscribed Series A financing. The round was led by the SWAN Impact Network, Robin Hood Ventures and the Texas Halo Fund and included a number of doctors, and prominent angel investors. The funds will be used to advance Electrast™ into the clinic, confirm the safety profile of the drug and generate proof-of-principle ultrasound images in human patients similar to the videos created to date in pigs and dogs.

“We are very pleased with the results of our Series A financing because it gives Sonnest the resources the company needs to expand our team, complete GMP manufacturing and advance our innovative product from the animal lab into human patients,” said Peter Boyd, CEO of Sonnest and a serial healthcare entrepreneur who sold his last company to Edwards Lifesciences for $100M upfront and up to $150M in milestone payments. “2020 was a challenging year for everyone but our team continued to advance the development of Electrast™ and I think a lot of investors were excited to participate because they saw how the team performed in the face of significant headwinds.”

Bob Bridge, Executive Director of SWAN Impact Network, said “SWAN is a group of impact investors, and we began evaluating Sonnest in the summer of 2020 based on an introduction by a physician in our network. We were impressed by Sonnest’s cross-functional team of doctors, scientists and business executives, the innovative nature of the company’s technology and what the team was able to accomplish during the pandemic. We were excited to lead the Series A round because we believe that Electrast™ has the potential to cost-effectively improve the diagnosis and monitoring of patients with cardiovascular disease while also lowering risk to the patient by leveraging the power of ultrasound technology.”

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