SOSV is a

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which h ...

firm that provides pre-seed, seed, venture and growth stage funding to startups in the technology sector. The company conducts

seed accelerator Startup accelerators, also known as seed accelerators, are fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day. While traditional business incubators are often g ...

programs in Asia and the United States of America. SOSV was founded in 1995 by Sean O'Sullivan. It is headquartered in

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, New Jersey, with operations in

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, Ireland, and offices in

San Francisco San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17t ...

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern provi ...

Shanghai Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...

Taipei Taipei (), officially Taipei City, is the capital and a special municipality of the Republic of China (Taiwan). Located in Northern Taiwan, Taipei City is an enclave of the municipality of New Taipei City that sits about southwest of the ...

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, and Newark.

History

In July 2018, then

governor of New York The governor of New York is the head of government of the U.S. state of New York. The governor is the head of the executive branch of New York's state government and the commander-in-chief of the state's military forces. The governor h ...

state

Mario Cuomo Mario Matthew Cuomo (, ; June 15, 1932 – January 1, 2015) was an American lawyer and politician who served as the 52nd governor of New York for three terms, from 1983 to 1994. A member of the Democratic Party, Cuomo previously served as ...

announced that the state would invest $25 million in an IndieBio facility in

. In December 2020,

TechCrunch TechCrunch is an American online newspaper An online newspaper (or electronic news or electronic news publication) is the online version of a newspaper, either as a stand-alone publication or as the online version of a printed periodical. Goi ...

's former COO, Ned Desmond joined SOSV as senior operating partner. As of November 2021, SOSV has backed approximately 150 startups that are developing climate technologies, with a focus on the transport, supply chain, logistics, and agriculture sectors. In September 2021, the New Jersey Economic Development Authority announced that the state was investing $25 million to establish a HAX location in

Newark, New Jersey Newark ( , ) is the List of municipalities in New Jersey, most populous City (New Jersey), city in the U.S. state of New Jersey and the county seat, seat of Essex County, New Jersey, Essex County and the second largest city within the New Yo ...

Investments

SOSV invests in startups that specialize in deep tech, including climate and health, as well as enterprise and consumer in emerging markets. Notable companies within its portfolio include Opentrons, Formlabs, Perfect Day, NotCo, Upside Foods, The EVERY Company, and BitMEX. In 2020, SOSV closed its fourth fund totalling $277 million. In 2021, SOSV closed a $100 million Select Fund.

Programmes

SOSV runs the following programmes: *dlab (New York) - an accelerator for startups working on decentralized software technology (blockchain). * HAX (formerly Haxlr8r, Shenzhen and Newark) - a development program for hardware-based startups at seed and growth stage. *IndieBio (San Francisco and New York) - a startup development program for startups operating in the life sciences sector. *Orbit Startups (formerly Chinaccelerator and MOX, Shanghai and Taipei) - focuses on high growth, early stage startups in emerging markets.

References

{{Reflist

External links

Official website
Financial services companies established in 1995 Venture capital firms of the United States Startup accelerators