PLUM ALLEY CASE STUDIES
Q2 2021 Private and Confidential
Using data science to facilitate solutions and environmental justice worldwide Aclima has developed mobile sensor technology for hyperlocal air quality data and insights
Problem
Solution
7.1B people breathe
Aclima technology installed in moving vehicles to deliver accurate, granular level data to governments, corporations, utilities and other clients.
toxic air everyday with no clear path to quality localized measurements. Davida Herzl Founder and CEO
That’s 92% of the world’s population.
Industry: Specialized technology that captures and measures hyperlocal air quality data in real time.
Results
PA Investment: Series A, Series B
pollution and greenhouse gasses in more than 150 cities in 14 countries
Co-Investors: Microsoft Climate Fund, Clearvision Ventures, Social Capital, Kapor Capital Aclima addresses the following UN SDGs:
10M people covered by the fleet measuring air
Meet Aclima’s Climate and Environmental Justice Advisory Board
Jumpstarting local economies and bringing futurefocused and sustainable economic employment Bitwise Industries trains tech workers, develops software and invests in tech-friendly real estate
Problem Irma Olguin Co-Founder & CEO
Millions of Americans are in need of job retraining or retooling to expand their skills in growing industries.
Solution Jake Soberal Co-Founder & CEO
Industry: Technology job training and software development platform. PA Investment: Series A, Series B Co-Investors: JPM, Kapor Capital, New Voices Fund, Motley Fools Ventures Bitwise Industries addresses the following UN SDGs:
The Bitwise Ecosystem: Using a 3 part business model to to capitalize on the future of work:
Workforce
Industry
Infrastructure
Training people in coding skills
Paring tech workers with job opportunities
Economic revitalization of urban centers
Results Turned Fresno, CA into the 16th fastest growing tech hub in the U.S. in under 5 years. Taught 5,000 students to code with 80% of them finding gainful technical employment and created 15,000 jobs, indirectly adding
1% to Fresno’s GDP. Restored and improved blighted commercial real estate, increasing value by ~12x.
World leading autonomous and electric heavy duty transportation Einride has developed the world’s first electric and autonomous freight transportation system disrupting the $4T global road freight transportation market
Problem Robert Falck Co-Founder & CEO Linnéa Kornehed Co-Founder & CMO
Road freight transport is responsible for more than 7% of total global CO2 emissions.
1,073,283,986 individuals in US and Europe affected by air pollution often tied to transportation.
Solution
Industry: Autonomous and electric road freight transportation. PA Investment: Series A, Series B
Electric truck
Autonomous electric truck
Freight Mobility Platform
Co-Investors: EQT Ventures, Tomasek, Maersk Growth, Soros Fund, Northzone, BUILD Capital, Ericsson
Results
Einride addresses the following UN SDGs:
Einride’s heavy duty Class 8 trucks produce 90% less carbon emissions for road freight transportation. In the first month of working with Oatly, Einride saved 35,000+ kg of CO2 with 5 electric trucks in operation. Einride’s Freight Mobility Platform transforms customer fleets & procedures delivering a 60% decrease in operating costs and a 200% increase in productivity for customers.
Innovative technology & engineering to repurpose fashion industry textile waste Evrnu technologies are used to create engineered fibers with extraordinary performance and environmental advantages, made from discarded clothing
Problem Stacy Flynn Co-Founder & CEO Christopher Stanev Co-Founder & President
Globally, there is an annual 50-100 million tons of textile waste, with $7T of value embedded in waste. There is 17 million tons of textile waste each year in the US.
Solution
Co-Investors: Radicle Impact, Closed Loop Partners
Roughly 1.1 tons of Evrnu’s NuCycl technology uses repolymerization to cotton waste can be turned regenerate discarded into 1 ton of NuCycl. textiles into new high performing renewable fibers. The process uses 98% less water than cotton and Even the toughest type of generates 90% fewer textile waste – 100% postconsumer – can be turned greenhouse gas emissions into new materials with than polyester. NuCycl.
Evrnu addresses the following UN SDGs:
Results
Industry: Textile waste engineering with ability to create a circular ecosystem in the $4T US textile industry. PA Investment: Series A
Reducing Waste
Leading global brands have announced partnerships with Evrnu including Adidas, Levi’s, Stella McCartney, and Target. Growth is projected at approximately 250 units of apparel produced annually by year 5.
Lowering Carbon Footprint
Saving Water
Tracking water quality, volume and flow for enterprise water intelligence KETOS is a pioneer in AI-enabled water intelligence addressing the world’s growing water quality and efficiency challenges and an exploding water monitoring market
Problem $1T is required to upgrade aging U.S. water systems.
14% of the water supply in Meena Sankaran Founder & CEO Industry: IoT solutions using hardware and software to track water quality, volume and flow. PA Investment: Series A, Series B
the U.S. is lost to undetected leaks.
2.5B+ people don’t have reliable access to clean water.
5M die annually due to water-borne diseases in developing nations.
Solution KETOS developed the first vertically integrated solution with a state-of-the-art water monitoring hardware and an advanced water analytics software platform:
Co-Investors: Citi Ventures, Energy Innovation, Motley Fool Ventures, Plug and Play, Rethink Impact KETOS addresses the following UN SDGs:
Results KETOS was able to produce 5M+ water tests in 24 months. More than all U.S. water testing over the last 18 years!
Discovery platform identifying novel CAS proteins for gene editing Mammoth is the first and only company to provide accessible disease detection on the novel CRISPR platform, making diagnosis cheaper, faster and accurate.
Dr. Trevor Martin Co-Founder & CEO Dr. Janice Chen Co-Founder & CTO Dr Jennifer Doudna Co-Founder
Industry: CRISPR applications for disease detection, agriculture, biodefense, and more. PA Investment: Series A, Series B, Series C Co-Investors: Amazon, Redmile, Decheng, Mayfield Fund, NFX, DHVC, Verily, 8VC Mammoth Biosciences directly addresses UN SDG Goal 3 Good health and wellbeing:
Problem
Solution
49M Americans are
Mammoth’s CRISPR platform can be used to: • Reduce healthcare costs • Increase access to diagnostics and therapies for curing diseases • Broadly improve lives by reading and writing the code of life
affected by disease (viral infections/flu epidemic/individuals) each year. Disease detection is often expensive and invasive.
Results Mammoth is currently partnering with GSK Consumer Healthcare to produce thousands of rapid, disposable CRISPR-based COVID-19 diagnostic tests. CRISPR has also been used to address many needs in a number of therapeutic applications including:
1.
2.
3.
4.
Disruptive novel laser technology for early stroke detection and other diagnostics Openwater is developing portable laser-based imaging and blood flow measurement systems that can displace bulky and expensive MRI and CT scanners.
Problem Medical imaging and accounts for ~10% of all medical spending in the US. Up to 50% of strokes are initially misdiagnosed as there are no widely accepted stroke diagnostics . Mary Lou Jepsen Founder & CEO Industry: Medical imaging and blood flow measurement technology with ability to be used outside of typical medical domain.
Solution Openwater has developed a low-cost, laser-based internal body imaging device using proprietary opto-electronics, holographic systems and novel lasers.
PA Investment: Pre-Series B SAFE Co-Investors: Excel Venture Fund, Khosla Ventures, Bold Capital Partners, Howard Morgan
Openwater addresses the following UN SDGs:
Results Openwater’s technology can perform medical imaging at a fraction of the typical cost while offering better image quality with a portable device.
Making caring for mental and emotional health easier, more representative, and more inclusive Shine is creating mental wellness tools to help people manage stress and featuring BIPOC-specific content
Naomi Hirabayashi (left) Marah Lidey (right) Co-Founders and co-CEOs
Industry: Creating mental wellness tools to help people manage stress from COVID-19 and curating BIPOC specific content. PA Investment: Series A Co-Investors: Comcast Ventures, Flybridge Capital Partners, BBG Ventures Shine addresses the following UN SDGs:
Problem
Solution
65M Americans experience
Shine has developed a mental wellness app with 4M users to date.
mental health issues in any given year. Self-help tools are expensive, not diverse, and one-dimensional.
Results Shine has a proven efficacy of a 35% reduction in anxiety and depression with the increased use of the product.
96% of users say that Shine has helped them feel more resilient and capable of shifting their mindset after a difficult moment.
Recent Press Named Best of 2020 by Apple for creating mental wellness tools to help people manage stress from COVID-19 and curating BIPOC specific content.
A technology enabled approach to teaching Giving time back to teachers and insight into equitable practices and student performance for district and school administrators.
Problem
Solution
Teachers are underresourced in their efforts to provide 21st century critical literacy skills and serve the needs of diverse classrooms.
ThinkCERCA’s web-based literacy platform that helps teachers teach critical thinking through the use of argumentative writing with a focus on grades 4-12.
Industry: Developing scalable education technology and curriculum for elementary, middle and high school students.
ThinkCERCA focuses on large urban school districts with 5-7M students.
Allowing for equitable access to the curriculum and saving teachers’ time.
PA Investment: Series B
Results
Eileen Murphy Co-Founder & CEO Abby Ross Co-Founder & CPO
Co-Investors: Great Oaks Venture Capital, Amicus Capital, Scott Cook
ThinkCERCA addresses the following UN SDGs:
Taught 150,000+ students across 36 states. Proven to help students achieve 2 years of reading growth each year. Teachers save an average of 9.5 hours each week.
State what you are attempting to prove as you make an argument
Provide evidence from the text to support your claim.
Link your evidence to your claim.
Include at least one good reason why others might disagree or offer an alternative point of view.
Make sure that you are using language that is appropriate for the audience and occasion
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