The very first CV Labs Incubation Program started on the 29th of April 2019. 12 startups from 8 different countries gathered in Zug to benefit from the incubation and to successfully take their first entrepreneurial steps. Since graduating from the program in July, the entrepreneurs have continued to work on their respective projects and the progress is very promising for a substantial number of them. Depending on the startup, the focus has been on further product development & testing, rollout and customer acquisition, corporate and/or academic partnerships and investor discussions. Three startups should be highlighted, whose valuations will be significantly higher than those of our incubation program due to new financing rounds.
In addition to our incubates positive development, there is also positive news from our direct investments: Proof of Impact (Fintech, Netherlands), our very first direct investment, has just announced the conclusion of its financing round with Franklin Templeton as lead investor. Ausum Ventures (San Fran) and Pangea Blockchain (CH) have joined CV VC and Franklin Templeton supporting this exciting project which seeks to develop a global marketplace on the blockchain where one can donate or invest directly into measurable impact outcomes. Proof of Impact’s co-founder Fleur Heyns will be pitching the company during the Annual Meeting of the World Economic Forum in Davos in January 2020. CV VC will also feature Fleur Heyns during our events in Davos in the same week on the 21st and 23rd of January.
Where are the Incubation Batch #1 Startups at Now? was originally published in CV VC on Medium, where people are continuing the conversation by highlighting and responding to this story.