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Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
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Investments

58

Portfolio Exits

8

Funds

3

Partners & Customers

1

About 1776

1776 is a global incubator and seed fund helping startups transform industries that impact millions of lives every day-education, energy & sustainability, health, transportation and cities.

1776 Headquarter Location

1133 15th St NW 12th Floor

Washington, DC, 20005,

United States

703-597-5237

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1776 Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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1776 Rank

Latest 1776 News

UFCW Locals 1776 & 23 Thank Governor Wolf For Commitment To Update Overtime Rules

Jan 18, 2018

Share this article PLYMOUTH MEETING, Pa., Jan. 18, 2018 /PRNewswire/ -- UFCW Locals 1776 and 23 today thanked Governor Wolf for his plan that would update Pennsylvania's overtime rules, which have not changed in more than 40 years. "This is an important step to take in strengthening the middle class in Pennsylvania," said Wendell W. Young IV, president of Local 1776. "Too many Pennsylvanians work more than 40 hours a week with nothing extra to show for their efforts – and it's time that they receive compensation for their hours of work and dedication."   The Governor's plan would phase in over four years to increase the salary threshold to receive overtime pay beginning in 2020, and starting in 2022, the salary threshold will update automatically every three years. "Hardworking Pennsylvanians are hurt by the current overtime rule, whose current wage limits have not kept pace with inflation. It is time to bring these rates up to date so that Pennsylvania can remain an attractive place to work and live," said Tony Helfer, president of Local 23. In addition, UFCW Locals 1776 & 23 are calling for an increase in the state's minimum wage, which has not been increased in more than a decade. "An increase in worker's pockets would have dividends throughout the state," said Young. "With greater buying power, Pennsylvanians will have more to spend at local businesses." According to research by the Keystone Research Center, if Pennsylvania's minimum wage were increased, 87% of those who would benefit are adults age 20 and over, and just under one-quarter of the workers who would benefit are parents with children. Polling shows that more than 60 percent of Pennsylvania voters support a higher wage. In addition, a wage increase would also generate up to $230 million in savings a year for the state Medicaid program. View original content: http://www.prnewswire.com/news-releases/ufcw-locals-1776--23-thank-governor-wolf-for-commitment-to-update-overtime-rules-300584841.html

1776 Investments

58 Investments

1776 has made 58 investments. Their latest investment was in HopSkipDrive as part of their Series C on August 8, 2021.

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1776 Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/11/2021

Series C

HopSkipDrive

$25M

No

15

6/9/2020

Series D

MPOWER Financing

$9M

No

, and

1

11/13/2019

Series D

Guild Education

$157M

Yes

17

6/7/2019

Series A

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$99M

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10

11/27/2018

Series C

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$99M

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10

Date

8/11/2021

6/9/2020

11/13/2019

6/7/2019

11/27/2018

Round

Series C

Series D

Series D

Series A

Series C

Company

HopSkipDrive

MPOWER Financing

Guild Education

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Amount

$25M

$9M

$157M

$99M

$99M

New?

No

No

Yes

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Co-Investors

, and

Sources

15

1

17

10

10

1776 Portfolio Exits

8 Portfolio Exits

1776 has 8 portfolio exits. Their latest portfolio exit was buk on May 10, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/10/2022

Acquired

$99M

2

10/5/2020

Acquired

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$99M

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10

11/6/2019

Acquired

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$99M

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10

7/23/2019

Acquired

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$99M

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10

7/17/2019

Acquired

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$99M

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10

Date

5/10/2022

10/5/2020

11/6/2019

7/23/2019

7/17/2019

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

1776 Acquisitions

3 Acquisitions

1776 acquired 3 companies. Their latest acquisition was Benjamin's Desk on October 16, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/16/2017

Series A

$99M

$1.34M

Merger

2

4/29/2015

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$99M

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10

4/17/2015

Seed / Angel

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$99M

$99M

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10

Date

10/16/2017

4/29/2015

4/17/2015

Investment Stage

Series A

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$1.34M

$99M

Note

Merger

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Sources

2

10

10

1776 Fund History

3 Fund Histories

1776 has 3 funds, including 1776 Bananas.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/29/2019

1776 Bananas

Early-Stage Venture Capital

Open

2

9/1/2015

1776 Seed Investors

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$99M

10

1776 BeepBeep

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10

Closing Date

10/29/2019

9/1/2015

Fund

1776 Bananas

1776 Seed Investors

1776 BeepBeep

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$99M

Sources

2

10

10

1776 Partners & Customers

1 Partners and customers

1776 has 1 strategic partners and customers. 1776 recently partnered with Accenture, and Marriott International on August 8, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

8/25/2017

Partner

Ireland, and United States

Marriott collaborates with Accenture and Incubator 1776 on Travel Experiences startup

Marriott International collaborates with Accenture and Incubator 1776 on Travel Experiences start-up

1

Date

8/25/2017

Type

Partner

Business Partner

Country

Ireland, and United States

News Snippet

Marriott collaborates with Accenture and Incubator 1776 on Travel Experiences startup

Marriott International collaborates with Accenture and Incubator 1776 on Travel Experiences start-up

Sources

1

1776 Team

5 Team Members

1776 has 5 team members, including current Chief Executive Officer, Jennifer Maher.

Name

Work History

Title

Status

Donna Harris

Founder

Current

Jennifer Maher

Chief Executive Officer

Current

Charlotte Lee

President

Current

Robert Steven Kramarz

Chief Executive Officer

Former

Dominique Taylor

Managing Director

Former

Name

Donna Harris

Jennifer Maher

Charlotte Lee

Robert Steven Kramarz

Dominique Taylor

Work History

Title

Founder

Chief Executive Officer

President

Chief Executive Officer

Managing Director

Status

Current

Current

Current

Former

Former

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