Hello everyone and happy Friday!
I hope everyone is staying safe with some of the crazy weather hitting the east coast.
Here is the latest from the Princeton startup ecosystem:
Princeton Founders in the News
Cricket Health, a tech-enabled provider of integrated kidney care co-founded by Vince Kim (P ‘95) closed a $24M Series A led by Oak HC/FT. The funding will be used to help Cricket Health expand its tech-enabled programs and its clinical footprint. Cricket Health Announces $24 Million Series A Funding Round to Provide Personalized, Cost-Effective Kidney Care.
Piccolo Medical, a spinout of TheraNova, recently raised a $2M Seed Round. Piccolo develops catheter navigation technology, and was founded by Alexey Salamini (P ‘99). Stealthy TheraNova spinout Piccolo Medical raises $2.3M.
Struct Club, a class management platform for fitness instructors founded by Amira Polack (P ‘12), was selected for Grid110’s Fall 2018 Residency Program. The program focuses on helping LA-based startups get early traction. Grid110: The Magnificent 7 (Plus 30).
Wasabi Technologies, founded by David Friend (P ‘70), raised a $68M Series B. Wasabi claims to have found a cheaper, faster way to store data. David reports that they're offering a terabyte of storage for just $5/month and have consistently been growing 30-40% month-over-month. Wasabi just landed $68 million to upend cloud storage.
Princeton Investors in the News
Spearhead was launched earlier this year, which provides founders with capital to invest in startups as angels. Alice Zhang (P'10), founder of Verge Genomics, was among the 19 founders selected. In the article featuring Spearhead, she explains that she's using her new angel fund to bridge the gap between traditional life sciences investors and a new wave of healthcare technology startups led by computer scientists. Spearhead is transforming founders into angel investors.
Nikhil Basu Trivedi (P ‘11), Partner at Shasta Ventures, was featured on National Venture Capital Association blog, as a rising star in VC. He just celebrated his 6-year work anniversary at Shasta Ventures! Congrats, Nikhil! Spotlight on Rising Stars in VC: Nikhil Basu Trivedi
Millian Gehrer (P ‘20), a summer associate at firstminute Capital, wrote a post about networked due diligence can be a win-win for both founders and investors. Networked Due Diligence: How Founders, VCs, and LPs All Win from DD.
Wyc Grousbeck (P '83), Celtics co-owner and co-founder of Causeway Media Partners, invested in Peerfit’s $8M Series A Princeton alum) led Series A in Peerfit. Peerfit’s business model is focused on connecting studios to companies with wellness dollars to spend. Peerfit Picks Up $8M For Corporate Exercise.
Have a great weekend, and thanks as always for reading!
Luke Armour P '13
Founder, Chaac Ventures