Monthly Archives: October 2020

News: Nuvemshop, a Latin American answer to Shopify, raises $30 million

After several failed startup attempts and nine years spent building Nuvemshop into Latin America’s answer to Shopify, the four co-founders of the company have managed to raise $30 million in venture capital funding as they look to expand their business. The new funding came from previous investor Kaszek Ventures and new lead investor Qualcomm, with

After several failed startup attempts and nine years spent building Nuvemshop into Latin America’s answer to Shopify, the four co-founders of the company have managed to raise $30 million in venture capital funding as they look to expand their business.

The new funding came from previous investor Kaszek Ventures and new lead investor Qualcomm, with participation from FJ Labs, IGNIA, Elevar Equity and Kevin Efrusy, from the longtime Accel Partners investor’s personal wealth.

It’s been a long road since Santiago Sosa, Alejandro Vazquez, Martin Palombo, and Alejandro Alfonso first began working together in Buenos Aires The quartet started off on their entrepreneurial journey trying to develop a marketplace software product for Latin America, but when that didn’t take off, they turned their attention to a more basic problem — how to get small and medium-sized businesses selling online.

Now the company boasts 65,000 businesses that use its platform providing everything from billing and payment processing to logistics and shipping solutions transacting over $100 million per month in sales. Operating as Nuvemshop in Brazil and Tiendanube in the rest of the region, the company has offices in São Paulo, Buenos Aires, and Mexico City with plans to expand into Colombia and Peru in 2021.

Nuvemshop began as more of a consulting business and evolved into the suite of software tools that have managed to attract attention from investors like Qualcomm Ventures.

“Nuvemshop’s platform accelerates a company’s digital transformation and has enabled thousands of SMBs across Latin America to go digital by tapping into the company’s one-stop shop of seamlessly integrated solutions,” said Alexandre Villela, senior director of Qualcomm Technologies Inc. and managing director at Qualcomm Ventures Latin America. “We share their strong engineering focus and look forward to helping them scale their business with our investment.” 

Nuvemshop raised its first money in 2015 from Kaszek Ventures (a $5 million investment) and as the business picked up steam raised $7 million more from local investors.

It makes money by charging a subscription fee that begins at $3 per month and a transaction fee that decreases as customers buy more expensive subscription packages.

Now that the company has an established footprint in the region, it’s going to focus on three new areas of growth, according to chief executive, Santiago Sosa.

Nuvemshop chief executive, Santiago Sosa. Image credit: Nuvemshop

The company plans to launch a payment processing and logistics gateway of its own. That marketplace will give customers access to more robust shipping solutions thanks to the power of bundling lower demand into a single delivery and ordering system. Nuvemshop also pitches its customers an app store for connecting them to new developer tools.

Finally, the company intends to offer a broader array of financial services. It already offers payment processing, but will look to develop additional services around lending based on revenue.

Like Shopify, Nuvemshop provides a necessary ballast to the big e-commerce aggregation sites like MercadoLibre and Amazon . “Everything they do they try to optimize for the buyer,” Sosa said. That places incredible pricing pressure on retailers and Nuvemshop offers a direct sales alternative, with lower fees, according to Sosa.

The pent up demand that Sosa sees, is fairly astonishing.

“People are talking about e-commerce penetration going from [roughly] 10% over total retail sales to [roughly] 20%, as it has happened in other countries. We see it differently, as we envision a massive disruption around commerce in the next 15 years, and are pretty confident that [roughly] 90% of retail will be somehow tech-enabled,” said Sosa, in a statement. 

 

News: Ureeka taps Kevin O’Leary (AKA Mr. Wonderful) to launch SMB curriculum

Ureeka, a SMB mentorship platform for next-wave entrepreneurs, has today announced the Kevin O’Leary Bootcamp, which will offer members access to an exclusive curriculum of his knowledge and advice. The startup, which raised $8.6 million in April, looks to offer a full-scale mentorship platform for underrepresented founders across all industries. Alongside offering a community of

Ureeka, a SMB mentorship platform for next-wave entrepreneurs, has today announced the Kevin O’Leary Bootcamp, which will offer members access to an exclusive curriculum of his knowledge and advice.

The startup, which raised $8.6 million in April, looks to offer a full-scale mentorship platform for underrepresented founders across all industries. Alongside offering a community of other entrepreneurs to bounce ideas off of, Ureeka also gives members free access to mentors (experts who are still active in their industry) and paid access to coaches (who continue with the member to tackle specific issues over the course of six months or more).

With the introduction of the Kevin O’Leary Bootcamp, Ureeka is shining a light on coaching circles. Circles place members into a group of five, plus a coach. That coach leads a group conversation each week that focuses on a different pillar of building a business, with concrete tasks given to members to complete.

In the case of the Kevin O’Leary Bootcamp, Ureeka coaches have been trained in his specific curriculum and framework to lead these weekly meetings and pass along his unique flavor of advice.

“He resonates with our audience because he is an entrepreneur,” said Ureeka cofounder Melissa Bradley . “He’s been there, and he’s done that. Second of all, there are a lot of programs out there that are not driven towards outputs or outcomes. Unfortunately, it’s a vicious business model to get stuck in ongoing consulting and that is not his process. He’s going to tell you what you need to do, tell you how to get it done, and get it done, and you see those results.”

Bradley added that several of O’Leary’s portfolio companies were involved with Ureeka early on in the company, which was the original connective tissue between the startup and Mr. Wonderful.

Here’s what O’Leary had to say in a prepared statement:

Underrepresented entrepreneurs, women, people of color are time and time again barred from the type of access so many take for granted, whether it be financial, educational or otherwise. We have to do better. Ureeka is doing incredible work to make tools and connections that are usually reserved for the big fish, actually accessible and all in one place. I’m thrilled to be working with them and to be able to provide small businesses access to my all-star team and resources.

The Kevin O’Leary Bootcamp is 12 months long and costs a total of $3750 across the year, which works out to $312.50/month.

One of the most unique things about Ureeka is that it gives members a series of levers to pull when they run into a problem. They can go directly to their coach to ask a question, and then to a mentor, and then to the peers in their coaching circle, and finally to the broader community.

Cofounder David Jakubowski and Bradley see the greatest challenges to Ureeka as a matter of building trust with users and managing scale.

“With everything going on in the world right now, there are so many people who need help,” said Jakubowski. “It’s not one quick fix. I can’t jump on the phone with anybody in 30 minutes and fix their business. It’s about systemic focus on doing the right things on a repeated basis that will put your business into the best position. There are just so many people who have such dire need right now, whether it’s getting the funding, or getting advice. There are just so many of them that it’s a bit overwhelming.”

News: Is the Twilio-Segment deal expensive?

The Twilio-Segment acquisition was the biggest story of the weekend, and in our current IPO lull, it is the most-discussed deal of the moment. So it hasn’t been a surprise to see folks working to figure out if the $3.2 billion price tag Twilio expects to pay for Segment is cheap, reasonable or expensive. The

The Twilio-Segment acquisition was the biggest story of the weekend, and in our current IPO lull, it is the most-discussed deal of the moment.

So it hasn’t been a surprise to see folks working to figure out if the $3.2 billion price tag Twilio expects to pay for Segment is cheap, reasonable or expensive.


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We had the same question.

The all-stock transaction is another big deal from Twilio, which previously scooped up SendGrid. Some expected Twilio to be picked up by a larger company after it went public, I’ve been told. Instead, Twilio has become the acquiring entity, boosting its size and adding to its total addressable market (TAM) through dealmaking.

But a smart company can still overpay while executing a generally intelligent strategy. So, does the Segment deal look cheap, or expensive? While we don’t have all the data we’d like, a few useful VCs dropped hints about the size of Segment in my DMs.

Our hunt begins with Twilio’s own release on the matter. From there, we’ll bring in some historical data from the deal that Twilio compares the Segment transaction to, compare the resulting multiples to today’s market norms and close with a discussion of the acquiring company’s rising share price. The synthesis of all the elements will give us an answer. And we’ll have some fun at the same time.

The deal

A quick refresher on the deal: Twilio will spend $3.2 billion in shares of itself to purchase Segment. Per the company, the transaction is worth about 6% of the combined entity.

News: Caliber, with $2.2 million in seed funding, launches a fitness coaching platform

The coronavirus pandemic has thrown the fitness space for a loop. Caliber, a startup that focuses on one-to-one personal training, is today launching a brand new digital coaching platform on the heels of a $2.2 million seed round led by Trinity Ventures. Caliber launched in 2018 with a content model, offering an email newsletter and

The coronavirus pandemic has thrown the fitness space for a loop. Caliber, a startup that focuses on one-to-one personal training, is today launching a brand new digital coaching platform on the heels of a $2.2 million seed round led by Trinity Ventures.

Caliber launched in 2018 with a content model, offering an email newsletter and a library of instructional fitness content.

“My cofounders started testing the idea of coaching people individually and that’s where the light bulb really went off,” said cofounder and CEO Jared Cluff. “They saw that more than anything, people need expert guidance and a really genuinely personalized plan for their fitness routine.”

That was the origin of Caliber as it is known today.

When users join the platform they are matched with a Caliber coach. The company says that it brings on about five of every 100 applications for coaches on the platform, accepting only the very best trainers.

These coaches then take into account the goals of users and build out a personalized fitness plan in conjunction with the user, which begins with a video or phone consultation. Once the plan, which is comprised of strength training, cardio and nutrition, is finalized, the coach loads it into the app.

Users then follow the instructions from their instructor via the app and log their progress. Interestingly, these aren’t live video appointments with a trainer, but rather an asynchronous ongoing conversation with a coach that is facilitated by the app.

Users can also integrate their Apple Health app with Caliber to track nutrition and cardio, giving the coach a full 360-degree view of their progress.

Alongside providing feedback and encouragement, the coach ultimately provides a layer of accountability.

This combination of real human coaching in a less synchronous, time intensive manner has allowed for Caliber to charge at a higher price than your standard workout generator apps but come in much lower than the average cost of an actual, in-person personal trainer.

Most Caliber users will pay between $200 and $400 per month to use the platform. Coaches, which are 1099 workers on Caliber, take home 60 percent of the revenue generated from users.

Pre-launch, Caliber has more than tripled its membership across the last six months and increased the number of workouts per member by 150 percent, according to the company. Cluff says the startup is doing north of $1 million in annual recurring revenue.

Of the 41 trainers on the platform, 37 percent are female and about a quarter are non-white. On the HQ team, which totals seven people, one is female and two-thirds of the founding team are LGBTQ.

“The biggest challenge is not dissimilar to the challenge we faced at Blue Apron, where I was most recently, in that we wanted to create the category around mealkits,” said Cluff. “We want to build a category around fitness training in a space that is super fragmented with no branded leader.”

News: Armory nabs $40M Series C as commercial biz on top of open source Spinnaker project takes off

As companies continue to shift more quickly to the cloud, pushed by the pandemic, startups like Armory that work in the cloud native space are seeing an uptick in interest. Armory is a company built to be commercial layer on top of the open source continuous delivery project Spinnaker. Today, it announced a $40 million

As companies continue to shift more quickly to the cloud, pushed by the pandemic, startups like Armory that work in the cloud native space are seeing an uptick in interest. Armory is a company built to be commercial layer on top of the open source continuous delivery project Spinnaker. Today, it announced a $40 million Series C.

B Capital led the round with help from new investors Lead Edge Capital and Marc Benioff along with previous investors Insight Partners, Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator and Javelin Venture Partners. Today’s investment brings the total raised to more than $82 million.

“Spinnaker is an open source project that came out of Netflix and Google, and it is a very sophisticated multi-cloud and software delivery platform,” company co-founder and CEO Daniel R. Odio told TechCrunch.

Odio points out that this project has the backing of industry leaders including the three leading public cloud infrastructure vendors Amazon, Microsoft and Google, as well as other cloud players like CloudFoundry and HashiCorp. “The fact that there is a lot of open source community support for this project means that it is becoming the new standard for cloud native software delivery,” he said.

In the days before the notion of continuous delivery, companies moved forward slowly, releasing large updates over months or years. As software moved to the cloud, this approach no longer made sense and companies began delivering updates more incrementally adding features when they were ready. Adding a continuous delivery layer helped facilitate this move.

As Odio describes it, Armory extends the Spinnaker project to help implement complex use cases at large organizations including around compliance and governance and security. It is also in the early stages of implementing a SaaS version of the solution, which should be available next year.

While he didn’t want to discuss customer numbers, he mentioned JPMorgan Chase and Autodesk as customers along with less specific allusions to a “a Fortune Five technology company, a Fortune 20 Bank, a Fortune 50 retailer and a Fortune 100 technology company.

The company currently has 75 employees, but Odio says business has been booming and he plans to double the team in the next year. As he does, he says that he is deeply committed to diversity and inclusion.

“There’s actually a really big difference between diversity and inclusion, and there’s a great Vernā Myers quote that diversity is being asked to the party and inclusion is being asked to dance, and so it’s actually important for us not only to focus on diversity, but also focus on inclusion because that’s how we win. By having a heterogeneous company, we will outperform a homogeneous company,” he said.

While the company has moved to remote work during COVID, Odio says they intend to remain that way, even after the current crisis is over. “Now obviously COVID been a real challenge for the world including us. We’ve gone to a fully remote-first model, and we are going to stay remote first even after COVID. And it’s really important for us to be taking care of our people, so there’s a lot of human empathy here,” he said.

But at the same time, he sees COVID opening up businesses to move to the cloud and that represents an opportunity for his business, one that he will focus on with new capital at his disposal. “In terms of the business opportunity, we exist to help power the transformation that these enterprises are undergoing right now, and there’s a lot of urgency for us to execute on our vision and mission because there is a lot of demand for this right now,” he said.

News: Messenger’s latest update brings new features, cross-app communication with Instagram

Facebook Messenger is getting a visual update and a number of new features, including support for chat themes, custom reactions, and soon, selfie stickers and vanish mode. The changes are a part of Facebook’s overhauled messaging platform, announced in late September, which introduced the ability for Instagram users to communicate with people on Facebook for

Facebook Messenger is getting a visual update and a number of new features, including support for chat themes, custom reactions, and soon, selfie stickers and vanish mode. The changes are a part of Facebook’s overhauled messaging platform, announced in late September, which introduced the ability for Instagram users to communicate with people on Facebook for the first time.

While Instagram users had to opt-in to the upgraded new feature set in order to also gain access to the cross-platform communication capabilities, Messenger users don’t have to make a similar choice.

Instead, Facebook says this morning that cross-app communication with Instagram will be rolled out soon to users across North America. (At the time of the Instagram announcement, Facebook hadn’t yet confirmed which markets would receive the update first.)

Image Credits: Facebook

Messenger users won’t need to take action to gain the new feature set either. These will also be rolled out to users automatically, as they become available in the user’s region.

On the visual side, one noticeable change — meant to be reflective of Messenger’s cross-platform messaging capabilities — is the updated Messenger logo. It now looks more Instagram-esque with shades of blues, purples and pinks, instead of being Facebook blue.

Image Credits: Facebook

Messenger’s default chat color will be changed to match the new style, as well.

New chat themes, including love and tie-dye, will also now begin to roll out to users, as well as custom reactions, which allow you to react with a variety of emoji instead of the standard set offered today.

Other features are expected to arrive “soon” thereafter, including selfie stickers, which let you decorate your own photo to use a sticker, and a vanish mode to make chats disappear.

These are the same features Instagram users received in their latest update, too.

Before today, Messenger had received a number of new features, including most recently, the ability to co-watch videos with friends and family in Messenger or in Messenger Rooms.

Facebook’s decision to lock users into a new messaging platform with cross-app communication capabilities will make it more difficult for users to defect to other competitive messaging apps. After all, why bother when one app can reach two of the largest social networks? And one day, possibly, it will incorporate WhatsApp, too.

It will also make it more difficult for Facebook to unwind its separate businesses, if required to do so by regulars in the future.

 

 

 

News: Blue Origin successfully launches and lands New Shepard, with a first-ever external booster payload

Jeff Bezos’ space company Blue Origin launched its first mission of 2020 today, flying a New Shepard sub-orbital rocket from its West Texas testing facility. This particular rocket has flown a total of seven times including today, and this is now the 13th flight of a New Shepard vehicle overall. Today’s launch included a test

Jeff Bezos’ space company Blue Origin launched its first mission of 2020 today, flying a New Shepard sub-orbital rocket from its West Texas testing facility. This particular rocket has flown a total of seven times including today, and this is now the 13th flight of a New Shepard vehicle overall. Today’s launch included a test of NASA’s active landing sensor system, which will be used to build an autonomous, precise and flexible landing system for future Moon landing vehicles.

The NASA landing system test also marks a first for Blue Origin – the first time it has tested flying a payload on the outside of New Shepard. To date, all New Shepard payloads have traveled inside the capsule atop the booster, but the external test here was necessary in order to perform measurements of the instruments that will be used to provide repeatable, precision landing capabilities to future spacecraft.

Learn how the @NASA lunar landing sensor demo on #NewShepard tests precision landing tech for future missions to the Moon in support of #Artemis. This is the first payload to fly on the exterior of a New Shepard booster. Watch: pic.twitter.com/vrUzLGadgS

— Blue Origin (@blueorigin) October 13, 2020

While NASA was obviously previously able to land on the surface of the Moon, it’s looking to upgrade the technology it uses to do so in order to be able to handle the challenging task with full automation, and with much higher precision for hitting very specific targets on the lunar surface – and providing spacecraft the ability to do so over and over again, reliably, since NASA’s goal with its Artemis generation of Moon missions is to establish a more permanent human research presence on our large natural satellite.

A number of experiments are also on board that capsule, which returned to Earth with a soft, parachute-aided landing. This launch also included a new heat shield used on the rocket as part of testing for future New Glenn flights, the next generation of Blue Origin spacecraft which will be able to handle orbital payload launches, adding to Blue Origin’s current suborbital capabilities with New Shepard.

News: Astroscale raises $51 million in Series E funding to fuel its orbital sustainability ambitions

On-orbit service and logistics startup Astroscale has raised a $51 million Series E funding round, bringing its total raised to date to $191 million thus far. The Japan-based company has been focused on delivering new solutions for orbital end-of-life – meaning ways to make orbital operations more sustainable by offering easy to safely de-orbit spacecraft

On-orbit service and logistics startup Astroscale has raised a $51 million Series E funding round, bringing its total raised to date to $191 million thus far. The Japan-based company has been focused on delivering new solutions for orbital end-of-life – meaning ways to make orbital operations more sustainable by offering easy to safely de-orbit spacecraft after the end of their useful service life, clearing up some of the growing orbital debris problem that’s emerging as more companies create satellites and constellations.

Astroscale has since expanded its mission to also include extending the life of geostationary satellites – another key ingredient in making the orbital operating environment more sustainable as we look towards a projected exponential explosion in orbital activity. The startup announced earlier this year that it was acquiring the staff and IP of a company called Effective Space Soulutions which was in the process of developing a ‘space drone’ that could launch to provide on-orbit servicing to large, existing geostationary satellite infrastructure, handling tasks like refuelling and repairs.

ESS has formed the basis for Astroscale Israel, a new international office for the globe-spanning Astroscale that will be focused on geostationary life extension. Today’s funding was led by aSTART, and will be used to help the company continue to establish its global offices and increase the team to more than 140 people.

Astroscale’s end-of-life orbital debris removal technology is set to get its first demonstration mission sometime in the second half of this year, with a launch aboard a Russian Soyuz rocket. The system uses two spacecraft which find and latch on to target debris to be de-orbited.

News: Kayhan Space wants to be the air traffic control service for satellites in space

Kayhan Space, the Boulder, Colo. and Atlanta-based company launched from Techstars virtual space-focused accelerator, wants nothing more than to be the air traffic control service for satellites in space. Founded by two childhood friends, Araz Feyzi and Siamak Hesar, who grew up in Iran and immigrated to the U.S. for college, Kayhan is tackling one

Kayhan Space, the Boulder, Colo. and Atlanta-based company launched from Techstars virtual space-focused accelerator, wants nothing more than to be the air traffic control service for satellites in space.

Founded by two childhood friends, Araz Feyzi and Siamak Hesar, who grew up in Iran and immigrated to the U.S. for college, Kayhan is tackling one of the toughest problems that the space industry will confront in the coming years — how to manage the exponentially increasing traffic that will soon crowd outer space.

There are currently around 8,000 satellites in orbit around the earth, but over the next several years, Amazon will launch 3,236 satellites for its Kuiper Network, while SpaceX filed paperwork last year to launch up to 30,000 satellites. That’s… a lot of metal flying around.

And somebody needs to make sure that those satellites don’t crash into each other, because space junk has a whole other set of problems.

In some ways, Feyzi and Hesar are a perfect pair to solve the problem.

Hesar, the company’s co-founder and chief executive, has spent years studying space travel, receiving a master’s degree from the University of Southern California in aeronautics, and a doctorate in astronautical engineering from the University of Colorado, Boulder. He interned at NASA’s Jet Propulsion Laboratory, and spent three years at Colorado-based satellite situational awareness and systems control technology developers like SpaceNav and Blue Canyon Technologies.

Meanwhile Feyzi is a serial entrepreneur who co-founded a company in the Atlanta area called Syfer, which developed technologies to secure internet-enabled consumer devices. Using Hesar’s proprietary algorithms based on research from his doctoral days at UC Boulder and Feyzi’s expertise in cloud computing, the company has developed a system that can predict and alert the operators of satellite networks when there’s the potential for a collision and suggest alternative paths to avoid an accident.

It’s a problem that the two founders say can’t be solved by automation on satellites alone, thanks to the complexity and multidimensional nature of the work. “Imagine that a US commercial satellite is on a collision course with a Russian military satellite,” Feyzi said. “Who needs to maneuver? We make sure the satellite operator has all the information available to them [including] here’s what we know about the collision about to happen here and here are the recommendations and options to avoid it.”

Satellites today aren’t equipped to visualize their surroundings and autonomy won’t solve a problem that includes geopolitical complexities and dumb space debris all creating a morass that requires human intervention to navigate, the founders said.

Today it’s too complex to resolve and because of the different nations and lack of standards and policy … today you need human input,” Hesar said.

And in the future, if satellites are equipped with sensors to make collision avoidance more autonomous, then Kayhan Space already has the algorithms that can provide that service. “If you think of the system and the sensors and the decision-making and [execution controls] actually performing that action… we are that,” Hesar said. “We have the algorithm whether it uses the ground-based sensor or the space-based sensor.”

Over the next eight years the space situational market is expected to reach $3.9 billion and there are very few companies equipped to provide the kind of traffic control systems that satellite network operators will need, the founders said.

Their argument was compelling enough to gain admission to the Techstars Allied Space Accelerator, an early stage investment and mentoring program developed by Techstars and the U.S. Air Force, the Netherlands Ministry of Defence, the Norwegian Ministry of Defence and the Norwegian Space Agency. And, as first reported in Hypeotamus, the company has now raised $600,000 in a pre-seed funding from investors including the Atlanta-based pre-seed investment firm, Overline, to grow its business.

And the company realizes that money and technology can’t solve the problem alone.

“We believe that technology alone can help but can’t solve this problem. We need the US to take the lead [on policy] globally,” said Feyzi. “Unlike airspace… which is controlled by countries. Space is space.” Hesar agreed. “There needs to be a focused effort on this problem.”

 

News: Kegg, a connected fertility tracker and kegel trainer for women, launches out of beta

Fertility tracking has seen an explosion of startup activity in recent years. Femtech startup Lady Technologies is adding to this rich mix with the full U.S. launch of a dual-purpose device, called kegg, that’s designed to measure hormonal changes in a woman’s cervical fluid to help her determine the chance of conception on a given

Fertility tracking has seen an explosion of startup activity in recent years. Femtech startup Lady Technologies is adding to this rich mix with the full U.S. launch of a dual-purpose device, called kegg, that’s designed to measure hormonal changes in a woman’s cervical fluid to help her determine the chance of conception on a given day.

The egg-shaped gizmo, which features a gold-plated steel cap and band ringing its tip, as well as a silicone tail to house its Bluetooth radio (so it can chat to the companion app), doubles as a connected pelvic floor trainer (the ‘k’ in kegg is for ‘kegels’) — taking a leaf out of UK femtech pioneer Elvie’s playbook. Though the two-in-one function is a new twist.

Kegg relies on a technology called impedance to sense electrolyte levels in a woman’s cervical fluid in order to detect the hormonal switch from estrogen to progesterone dominance that accompanies ovulation — via a daily test that’s touted as taking just two minutes. (If you’re also using it for the optional kegal exercises that would take a bit longer.)

“A minute electrical impulse at a specific frequency is emitted from the gold plated electrodes on the kegg and received by the other (this process is then reversed). By sensing the changing trends in the impedance, we’re able to detect the hormonal change and make a prediction to the user,” explains CEO and founder Kristina Cahojova. “Since every woman’s fluids are slightly different, kegg needs to record at least one fertile window to provide personalized predictions.”

“We have numerous patents on the underlying design of kegg and key aspects of how it operates,” she adds.

Kegg was unveiled on the TechCrunch Disrupt SF stage, back in 2018, as part of our startup battlefield competition (though it didn’t go on to win). Fast forward two years and it’s now officially launching out of beta to offer the FDA-registered gizmo to the U.S. market — priced at $275.

It’s announcing a $1.5M seed round too, with investors including Crescent Ridge Partners, SOSV, Texas Halo Fund, Fermata Fund and MegaForce, as well as some unnamed angel investors.

Commenting in a statement, Samina Hydery, kegg advisor and women’s health investor, said: “Investor interest in femtech and fertility has accelerated over the last few years. While I’ve seen an influx of ovulation prediction kits, at-home blood tests, menstrual tracking apps, and temperature monitors in the consumer market, kegg’s value proposition became clear once I spoke with women about their experiences trying to conceive and medical researchers in the field. It’s hard not to get excited by the various growth vectors that can expand kegg’s market in the future — from being used as a tool for natural family planning to helping monitor postpartum/perimenopausal health.”

“We pride ourselves in having almost half of our investors women,” notes Cahojova — whose inspiration for building kegg was personal; having suffered from irregular menstrual cycles herself.

“I didn’t want to be treated with hormones. When I talked to fertility instructors or a specialized fertility doctor, all they wanted to know about was my patterns of cervical fluid. Why? Because the fertile window is defined only by the presence of fertile cervical fluid, having a positive LH [luteinizing hormone] test is nice but it won’t help you get information to fix your cycles. That’s why so many fertility doctors are interested in cervical fluid and that is why so many women are told to track it with their fingers,” she explains.

“How on earth are you supposed to be able to track objectively something so important, yet, private without the help of technology? I was frustrated and angry that every company that I talked to didn’t have a solution and didn’t want to make this so needed product because it ‘would have to go into the vagina’. So I set out to make a product that would help me and women like me.”

Thus far kegg has been hitting a chord with U.S. women of reproductive age who are trying for a baby, according to Cahojova — who says her startup has built a 2,000-strong community of fertility-tracking women over kegg’s beta period.

“Our typical user is a woman in her reproductive age,” she says. “Our users are in long-term relationships or married and they likely have been actively trying to conceive for more than three months. Fifty percent are trying to conceive their first child, while the remaining are already mothers.

“Our customers have experience with BBT (body basal temperature charting) or LH tests (ovulation tests) and they are overall interested in holistic fertility and wellness, not in medication. They also prefer the convenience of kegg over other methods that either need to be worn throughout the night or used more frequently.”

Image credit: Lady Technologies

“Each woman is unique and so are her cycles,” she adds. “Unlike ovulation trackers, kegg helps women understand their fertile window and cyclical fertility and follow their own patterns. Usually women take up to six months to learn how to read cervical fluid patterns. Our customers report that kegg gives them confidence and they feel empowered. Many keggsters conceived with kegg after years of trying because kegg gave them trends beyond ovulation. Nothing makes me more happy than an email from a customer whose life changed thanks to my work and kegg.” (On that it says “several” women have reported successful pregnancies using kegg since the beta launch in 2018.)

The startup also has its eye on international expansion, including to Asia (with the support of its Japanese-market focused investor Fermata) — with a plan to launch kegg in Singapore in late October, and in Japan and Canada next year.

While the kegg has a core focus on fertility tracking (and a secondary feature as a connected pelvic floor trainer), Cahojova is excited about wider possibilities for women’s health that she hopes will be opened up as they’re able to take in and crunch more data.

Kegg users’ impedance readings are uploaded to the startup’s cloud for analysis, so its algorithms can make a personalized fertility prediction. But its website also notes it uses ‘anonymized/pseudonymized’ data for research into women’s health. (Cahojova specifies users’ personal data is never shared outside the company. “Any data we offer to researchers we work with is completed anonymized,” is her privacy promise.)

Asked what areas of research she’s hoping kegg will help advance, she tells us: “Researchers have noted that health issues can affect typical electrolyte cycles. In many of our internal studies we’ve seen examples where readings were ‘out of norm’ for the user. In case after case we found evidence of underlying health issues (for example infections) were the cause. In the future our goal is to understand how kegg can help monitor overall cervical health.”

Cahojova also says the device is being used by fertility instructors and doctors to help with monitoring their patients. “The beauty of kegg is that by having a user friendly and modern device that women like to use we can get data on changes of vaginal fluids on a large scale. With kegg data we also hope to help doctors finally answer their billion dollar question — how can they improve the quality of cervical fluid.”

“We are supportive of science and are open for research collaborations,” she adds. “We provided kegg for independent peer-reviewed clinical study under Dr.Gabriela López Armas, MD, PhD, for her research on kegg and other fertility trackers. All the participants finished the protocols in summer of 2020 and the study is to be published independently in the near future.”

While the business model for kegg is currently fixed price hardware sales, Cahojova says the startup is looking at offering subscription packages in future. “In the future, we want to offer more to our users, e.g.: connecting them to specialists to review their cycles or view of additional layers of information. Once we have enhanced services ready, we’ll look at switching to a subscription model,” she adds.

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