Announcing our new portfolio companies
The first-ever Virtual VFPC was launched on the evening of Thursday, June 18, 2020. Within the first 12 hours, the on-demand event had garnered over a thousand pageviews on the new VPFC video portal.
“As we draw to the end of our first-ever Virtual VFPC, I am reminded of how lucky I am to be surrounded by so many ambitious founders who will undoubtedly change the world. VFPC always gives us a chance to ‘peek around the corner’ and see what’s next, and I think that is especially true of the teams that applied for investment this round,” said John Cappuccitti, Director of Velocity Incubator.
Of the 11 VPFC finalists, our incredible selection committee (Michelle Moon – LG Technology Ventures; Hamzah Nassif – Real Ventures; Darian Zigante – Wittington Ventures) chose the following four companies to invest in:
- MedMe Health: $100K
- Tutturu.tv: $50K
- Able Innovations: $50K
- Boogaloo Beds: $50K
“All of these companies are looking to redefine and capture an enormous market opportunity, and they each have a strong founding team that we believe can help them do it,” stated Cappuccitti. Needless to say, Velocity is excited to work with all of them.
“We’re ecstatic to be receiving the $100K Velocity investment. This funding will be critical for scaling our platform to pharmacies that are awaiting our services. We’re proud and excited to be empowering pharmacists through today’s challenges, while reimagining their crucial role in the future of healthcare,” said Rui Su, Co-founder & Chief Clinical Officer of MedMe Health. She is an alumnus of the University of Waterloo and holds a Doctor of Pharmacy.
The new VFPC format
All VFPC finalists filmed their pitches prior to June 18, 2020. Of the 11 finalists, eight of them pitched from the “virtual VFPC stage” at the Velocity Incubator while the rest pitched remotely.
“A huge shout-out to Velocity staff for achieving a spectacular virtual format that seriously pushed the boundaries of what we thought was possible,” said Nicholas Hui, Co-founder & Chief Product Officer of MedMeHealth.
All finalists received coaching and feedback from Velocity Business Advisors and their peers as part of the VFPC process.
“We want to express our deep gratitude for an amazing experience. The support, insight, and learning allowed us to filter the noise and hone in on what’s important as an early-stage company. We’re humbled to have pitched alongside an incredible field of companies building innovative solutions for some of the world’s toughest problems. We look forward to growing alongside the incredible founders in this community,” said Purya Sarmadi, Co-founder & CEO of MedMe Health.
The MedMe Health team (from left to right) Purya Sarmadi, Rui Su, Nicholas Hui
New investment opportunities
If you are an investor and you would like to be connected with any of these companies, please feel free to reach out directly via email (john@velocityincubator.com).
Also, please look out for briefs of why we are investing in each of these companies over the coming days.