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 ha ...
firm that provides pre-seed, seed, venture and growth stage funding to
startups
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
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
Princeton
Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the ni ...
, New Jersey, with operations in
Cork
Cork or CORK may refer to:
Materials
* Cork (material), an impermeable buoyant plant product
** Cork (plug), a cylindrical or conical object used to seal a container
***Wine cork
Places Ireland
* Cork (city)
** Metropolitan Cork, also known as G ...
, Ireland, and offices in
San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, 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 List of Ca ...
,
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 province ...
,
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...
,
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 n ...
,
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
, and
Newark
Newark most commonly refers to:
* Newark, New Jersey, city in the United States
* Newark Liberty International Airport, New Jersey; a major air hub in the New York metropolitan area
Newark may also refer to:
Places Canada
* Niagara-on-the ...
.
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 has ...
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
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
.
In December 2020,
TechCrunch
TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare.
In 2010, AOL acquired the company for approximately ...
'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
The New Jersey Economic Development Authority (EDA) is an independent government entity in the U.S. state of New Jersey dedicated to broadening and expanding the state's economic base.
The EDA creates public-private partnerships to provide access ...
announced that the state was investing $25 million to establish a HAX location in
Newark, New Jersey
Newark ( , ) is the most populous city in the U.S. state of New Jersey and the seat of Essex County and the second largest city within the New York metropolitan area.
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
Formlabs is a 3D printing technology developer and manufacturer. The Somerville, Massachusetts-based company was founded in September 2011 by three MIT Media Lab students. The company develops and manufactures 3D printers and related software and ...
NotCo
NotCo is a unicorn Chilean food-tech company producing plant-based alternatives to animal-based food products. NotCo was founded in 2015 by Matias Muchnick, Pablo Zamora and Karim Pichara and utilizes machine learning to replicate dairy produ ...
,
Upside Foods
Upside Foods (formerly known as Memphis Meats) is a food technology company headquartered in Berkeley, California, aiming to grow sustainable cultured meat. The company was founded in 2015 by Uma Valeti (CEO), Nicholas Genovese ( CSO), and Will ...
,
The EVERY Company
The EVERY Company (formerly ''Clara Foods Co.'') is an American biotechnology company that develops proteins and other products traditionally sourced from animals. It does this by using yeast to convert sugar into proteins that are similar to t ...
, and
BitMEX
BitMEX is a cryptocurrency exchange and derivative trading platform. It is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles.
History
BitMEX was founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, ...
.
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.