SOSV explained

SOSV
Type:Private
Founder:Sean O'Sullivan
Industry:Venture capital and private equity
Num Employees:100+
Foundation:1995
Location City:Princeton, New Jersey
Locations:Cork, New York City, Newark, Pune, Princeton, San Francisco, Shenzhen, Tokyo

SOSV is a venture capital firm that provides pre-seed, seed, Series A and later stage funding to deep tech startups that join its startup development programs, which are located in New York City, Newark, New Jersey, and San Francisco.[1] [2] SOSV was founded in 1995 by Sean O'Sullivan.[3] It is headquartered in Princeton, New Jersey, with additional offices in Cork, Pune, Shenzhen and Tokyo.[4] [5] [6] [7]

History

In July 2018, then governor of New York state Andrew Cuomo announced that the state would invest $25 million in an IndieBio facility in New York City.[6] In January 2023, SOSV opened a 30,000 sq. ft. IndieBio NY at 7 Penn Plaza in Manhattan.[8]

In December 2020, TechCrunch's former COO, Ned Desmond joined SOSV as senior operating partner.[9] [10]

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.[11] [12]

In September 2021, the New Jersey Economic Development Authority announced that the state was investing $25 million to establish a HAX location in Newark, New Jersey.[7]

The new 35,000 sq ft HAX office in Newark, New Jersey opened officially in April 2024.[13] [14]

Investments

SOSV invests in startups that specialize in deep tech, including climate and health.[15] [16] [17] Notable companies within its portfolio include Opentrons, Formlabs, NotCo, Prolific Machines, unSpun, Neptune Robotics, Smartex, and BitMEX.[18] [19] [20] [21] [22]

In 2020, SOSV closed its fourth fund totalling $277 million.[23]

In 2021, SOSV closed a $100 million Select Fund.[2]

In 2024, SOSV closed its fifth core fund, totalling $306 million.[24]

Programmes

SOSV runs the following programmes:

External links

Notes and References

  1. Web site: Devitt. Niall. Bill Liao of SOSventures Discusses Exit Strategies & the Value of Brand Story at #nsclunchnlearn. Bizsugar. 30 July 2013.
  2. Web site: Loizos . Connie . SOSV, the global venture firm, just closed a $100 million fund to back its maturing startups . . June 11, 2021.
  3. Web site: Collins . Dylan . Founder Interviews: Sean O'Sullivan (SOSventures Avego) . 22 July 2013 . Business Insider.
  4. Web site: Gain . Vish . SOSV raises $306m for climate and health deep-tech start-ups . Silicon Republic . en . April 17, 2024.
  5. Web site: Katie . Fehrenbacher . SOSV raises $306m for climate and health deep-tech start-ups . Axios . April 17, 2024.
  6. Web site: King . Kate . New York Gives $25 Million to Breathe Life Into City's Biotech Scene . . July 19, 2018.
  7. Web site: Heater . Brian . SOSV is building a New Jersey HAX facility for industrial, healthcare and climate startups . . September 16, 2021.
  8. Web site: Baird-Remba . Rebecca . How a VC Firm Set Up a Biotech Incubator in an Older Manhattan Building . . July 18, 2023.
  9. Web site: TechCrunch ex-COO Ned Desmond has joined VC firm SOSV as senior operating partner. 2020-12-20. Startup News, Networking, and Resources Hub. en.
  10. Web site: The venture firm SOSV has hired former TechCrunch COO Ned Desmond to help grow its startups. 2020-12-20. TechCrunch. 18 December 2020 . en-US.
  11. Web site: Srivastava . Moulishree . 2021-11-14 . 3 thoughts on India's climate tech ecosystem from William Bao Bean of SOSV . 2022-08-12 . KrASIA . en.
  12. Web site: Shieber . Jonathan . SOSV's burgeoning climate portfolio is worth nearly $6 billion as planetary health bets pay off . . April 22, 2021.
  13. Web site: Heater . Brian . Here are the 30+ startups showcasing at HAX's May 1 Demo Day . TechCrunch . April 22, 2024.
  14. Web site: Bergeron . Tom . How HAX is making Newark into global destination for hard tech startups . ROI-NJ . April 30, 2024.
  15. Web site: Kong . Xavier . New SOSV program announces inaugural cohort . . 7 September 2022.
  16. Web site: Hernbroth . Megan . Generalists head for the hills in Q2 . Axios . July 26, 2022.
  17. Web site: Betuel . Emma . Meet the 13 startups in IndieBio's SF cohort, and discover what about each swayed investors . . January 13, 2022.
  18. Web site: Hall . Christine . NotCo gets its horn following $235M round to expand plant-based food products . . July 26, 2021.
  19. Web site: Hall . Christine . Cultured meat startup Prolific Machines unveils its ‘Henry Ford approach’ to cell growth . TechCrunch . September 14, 2022.
  20. Web site: Warren . Liz . Unspun Raises $7.5M for US-Based Robotic Manufacturing . Sourcing Journal . September 8, 2021.
  21. Web site: Liu . Coco . Underwater Robots Are Helping Maritime Shipping Clean Up Its Act . Bloomberg . March 26, 2024.
  22. Web site: Kamps . Haje Jan . Smartex sews up $24.7M to put smarter eyes on textile manufacturing . TechCrunch . November 3, 2022.
  23. Web site: Global VC, SOSV secures $277 million in its fourth fund — looks to invest in early-stage deep tech startups. 2020-11-21. BEAMSTART - Business Community, Resources, & Opportunities. en.
  24. Web site: Chant . Tim De . SOSV founder says climate investing is a 'war effort' as firm closes $306M fund . TechCrunch . April 16, 2024.
  25. Web site: HAX accelerator program to launch 100 businesses, help catalyze regional tech hub . Princeton Engineering . September 19, 2021.
  26. Gewin. Virginia. Biotechnology: Independent streak. Nature. 499. 7459. 509–511. Naturejobs.com. 10.1038/nj7459-509a. 23894751. 2013. free.
  27. Web site: Buhr . Sarah . Biotech Accelerator IndieBio Bumps Funding To $250K Per Startup To Give Founders More Runway . TechCrunch . May 12, 2015.

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