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Dec 21, 2022

SOSV’s IndieBio NY debuts new 25,000 sq. ft. office, lab and event space at 7 Penn Plaza in NYC

SOSV’s IndieBio NY has opened the doors to its new headquarters at 7 Penn Plaza—a 25,000-square-foot open office engineered to foster innovation and community in the New York deep tech ecosystem. The new facility will host startups in the IndieBio NY startup development program, which each year accepts 20+ pre-seed startups focused on human and […]

Recent news

TechCrunch Jan 20, 2023

HAX’s Presso locks in $8M in seed funding for sustainable dry-cleaning

HAX’s low-carbon, earth-friendly dry-cleaning startup Presso (HAX 2018) has secured $8M in seed funding from SOSV, Uncork Capital, 1517 Fund, AME Cloud Ventures, Pathbreaker Ventures, VSC Ventures, and YETI Capital. This round brings Presso’s total funding to $10.1M. TechCrunch featured the news in an article highlighting the company’s milestone and renewed focus on hospitality and […]

Multus Biotechnology
The Spoon Jan 18, 2023

IndieBio’s Multus Biotechnology raises $9.5M to fast track the cultivated meat supply chain

IndieBio’s Multus Biotechnology (formerly Multus Media) has raised a $9.5M Series A round to build a production facility for growth media. The UK-based startup (part of the IndieBio NY01 2020 class) received support from lead investor Mandi Ventures along with SOSV, Big Idea Ventures, SynBioVen, and Asahi Kasei Corp. The Series A raise builds on […]

Bloomberg Jan 13, 2023

How IndieBio’s Beeflow is using supplements to safeguard bees while increasing crop yields

IndieBio’s Beeflow (SF06 2018) was recently featured in a Bloomberg article highlighting the company’s work in maximizing the pollination potential of bees via supplements—and safeguarding the declining bee population. Per Bloomberg, habitat loss, toxic pesticides and climate change are wreaking havoc on both wild and commercial bee populations. And, approximately two thirds of global crops […]

QV Bioelectronics' GRACE Jan 11, 2023

QV Bioelectronics secures $2M to treat brain tumors with electric field therapy

UK-based medical startup QV Bioelectronics (IndieBio RebelBio 08) has received £2M ($2.1M USD) in pre-series A funding to continue developing GRACE, its electric field therapy (EFT) implant. The funding round was co-led by Science Angel Syndicate and Fink Family Office, with participation from existing investors SOSV and Catapult Ventures as well as new investors Northern […]

Labrador Systems
TechCrunch Jan 10, 2023

HAX’s Labrador Systems shows off voice-controlled eldercare robot at CES

HAX’s eldercare robotics startup Labrador Systems (HAX 2019) made waves at CES as it demonstrated new features of its Labrador Retriever robot, designed to extend the impact of caregivers and empower people to live more independently. Labrador showcased a proof-of-concept featuring Amazon’s Echo Show 10, which will be installed on top of the Labrador Retriever. […]

Post Jan 10, 2023

SOSV announces spinout of the dlab startup program as a standalone fund

After four years of building a strong portfolio of early stage startups focused on infrastructure for Web3, SOSV’s dlab startup development program has spun out as a standalone fund, effective January 1, 2023.

TechCrunch Jan 04, 2023

SOSV’s Pae Wu shares a glimpse into the future of climate tech

Closing out 2022, TechCrunch+ compiled the top investor perspectives of the year across various sectors from climate tech to fintech to construction tech. The year-end compilation, “The best TechCrunch+ investor surveys of 2022”, featured SOSV general partner and IndieBio CTO Pae Wu’s thoughts on the future of climate tech.  TechCrunch asked Wu two questions: Which […]

Vertiq drone
IoT World Today Jan 04, 2023

HAX’s Vertiq wins Air Force grant to develop single-motor drone propulsion system

HAX’s drone-propulsion manufacturer Vertiq (HAX11) recently received a grant from the Air Force to further develop the first underactuated propulsion system. IoT World Today’s article “Vertiq Receives Air Force Contract for Drone-Propulsion Development” covered the announcement, explaining that the grant comes through an Air Force AFWERX Small Business Innovation Research (SBIR) Phase 1 contract.  While […]

PitchBook Dec 22, 2022

PitchBook ranks SOSV #1 most active VC investor in agtech; #5 most active in clean energy funding

SOSV is the most active VC investor in agtech in 2022, per PitchBook’s Q3 2022 Agtech Report. As of Sept. 30, 2022, SOSV had closed 20 deals, with 14 angel and seed deals, five early-stage, and one late-stage deal. Yield Lab ranked second and Agfunder ranked third—both with 11 deals each.  Some of the companies […]

Organic Cycling Science
Vertical Farm Daily Dec 22, 2022

USDA awards IndieBio’s Re-Nuble $4.6M to turn food waste into fertilizer

The United States Department of Agriculture (USDA) recently awarded IndieBio’s Re-Nuble (Food-X 02) a $4.6M grant as one of the awardees of the Partnership for Climate-Smart Commodities. The USDA’s program says it aims to address the climate crisis by “expanding markets for America’s climate-smart commodities, leveraging the greenhouse gas benefits of climate-smart commodity production, and […]