VGF Bulletin | Apr 2024 to Jun 2024

Here’s a selection of our portfolio companies’ founders sharing their insights

VGF Bulletin - Founders Highlights

Here’s a selection of significant portfolio companies’ news

17LIVE

• Poised to become the leading live-streaming player globally
• Signed an MOU with mm2 Asia to explore entertainment offerings across Southeast Asia

• Reported Strong FY2023 with Increased Revenue, Higher Gross Profit, and Increased Operating Profit

Allay Therapeutics

• Announced FDA acceptance to initiate pivotal Phase 2B trial of its lead investigational product ATX101 in the United States

Bicycle Therapeutics

• Secured USD 555M to extend financial runway and advance pipeline

 

Bucket Places

• Achieved profitability amid market challenges
• CEO shared global ambitions to expand into the US and Japan markets (Article in Korean)

Geek+

• Assisted PChome, Taiwan's leading e-commerce brand, with meeting next-day delivery deadlines and hitting sustainability goals
• Partnered with BlueSkye Automation to deliver comprehensive smart warehouse solutions

Horizon Robotics

• Accelerates smart vehicle operations
• Released six Horizon Journey™ 6 series chipsets supporting low, medium, and high-scale intelligent driving applications
• Announced BYD new energy vehicles will adopt Horizon Robotics chipset

Licious

• Announced plans to set up 500 stores nationwide in its efforts to achieve profitability and targets an IPO in the next 24 months
• Appointed Karishma Gupta as CFO as it pursues profitability and readies for an initial public offering (IPO) within the next 24 months
• Achieved an Annual Revenue Run Rate of USD 100M

NIUM

• Secured USD 50M in Series E Round to Expand Global Real-Time Payments Infrastructure
• Expanded partnership to revolutionize B2B Travel payments in APAC

Patsnap

• Surpassed USD 100M Annual Recurring Revenue with plans to explore strategic M&A opportunities

Sunday Insurance

• Acquired Indonesian general insurer KSK insurance

Verbit

• Appointed Yair Amsterdam as a permanent CEO with plans to focus on growth and AI

Virta

• Recognized by Financial Times as one of Europe’s Fastest Growing Companies for Fifth Consecutive Year on the FT 1000 List

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