Portfolio Update

In this update you will find details on exciting progress from our portfolio companies. As we near the year’s end, our companies continue to make notable accomplishments and we are pleased to share the promising news with you. We welcome your feedback and would love to share additional highlights.

After receiving a series of successful grant applications totaling several million dollars, Resolute Marine Energy is now preparing the marketing of their $9 Million Series B round. With continued progress on the technology development roadmap, RME is on track for major announcements in the coming weeks regarding their pilot projects as well as several promising grants that could bring the company considerable funds for the development of their international pilots.

In our previous update, eCurv had successfully completed their pilot with a Fortune 50 company in the mobile telecom sector and was in the process of negotiating the terms for a second contract. The eCurv team has since entered into three additional negotiations with paying customers in core vertical markets with the potential for over 1000 new store deployments. eCurv is also anticipating several new hires for 2015 as the company proceeds to increase their sales force and expand operations nationwide.

Scientific Nutrition Products (SNP) continues to increase sales for Food For Sleep, available on the company website (www.foodforsleep.com) as well as through Amazon.com. SNP is working to expand customer sales and reorders through the use of strategic marketing and target audience outreach. The initial reviews in the blogosphere have been remarkably positive as SNP’s product continues to gain traction in the market.

Concluding Thoughts

We are thrilled to see each of our portfolio companies garnering new customers and hitting exciting millstones and look forward to sharing new and exciting news with you in the coming weeks.

All the best,
David & Julia