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Venture Capital
bam.vc

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Investments

55

Portfolio Exits

11

Funds

3

About BAM Ventures

Bam Ventures is focused on early stage venture investments with a particular focus on Los Angeles and Southern California based companies.

BAM Ventures Headquarter Location

11111 Santa Monica Boulevard Suite 950

Los Angeles, California, 90025,

United States

310-342-5094

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Latest BAM Ventures News

Seaweed Packaging Company Sway Closes $2.5M Raise Led by Valor Siren Ventures

Nov 4, 2021

The round is joined by Conservation International Ventures, Alante Capital, and BAM Ventures to support the development and piloting of compostable plastic replacements. November 04, 2021 08:00 AM Eastern Daylight Time BERKELEY, Calif.--( BUSINESS WIRE )-- Sway , the California-based materials company producing seaweed-based, home-compostable replacements for single-use plastic packaging, has announced its initial funding round of $2.5 million. Led by Valor Siren Ventures and supported by Conservation International Ventures, Alante Capital, BAM Ventures, and other industry-aligned investors, the raise will support Sway’s development of scalable and sustainable replacements for thin-film plastic packaging derived from petroleum. Sway is forging the material and cultural dimensions of a plastic-free future. By harnessing the regenerative power of seaweed, a carbon-absorbing and habitat-building resource, Sway intends to offer a naturally carbon-negative and highly accessible bioplastic. This initial financing will allow Sway to rapidly accelerate the development of their first two products — high-performance, rapidly compostable polybags and retail bags — leading to initial pilots with influential and mission-aligned partner brands in 2022. The raise also signifies a major investment in the nascent seaweed industry, which could play a major role in combating climate change through carbon sequestration and ecosystem restoration. The round is led by Valor Siren Ventures, an early-stage investor in sustainability, food, food technology, retail, and retail technology. They are joined by several strategic investors including Conservation International Ventures, an impact investing vehicle of Conservation International that provides financing to enterprises that contribute to healthy ecosystems; Alante Capital, a fund investing in sustainable innovations for apparel production and retail; BAM Ventures, a fund founded by the co-founder and former CEO of The Honest Company; and Bryan Meehan, former CEO of Blue Bottle Coffee. The full list includes the Sustainable Ocean Alliance, Centre Street Partners, C3 Capital, and other climate tech, ocean health, and circular economy investors. Comment Julia Marsh (Co-Founder & CEO | Sway): “At Sway, we are building the next stage in the evolution of plastic. We often talk about the ‘plastic problem,’ but it is only a symptom of a much deeper dependency on petroleum. We are building a material as functional and accessible as traditional plastic, but derived from a benevolent resource instead. With the regenerative power of seaweed, we plan to replace petroplastic — for good.” Jon Shulkin (Fund Manager | Valor Siren Ventures): “The Sway team is building a material that stands out from the rest. While current offerings require brands to make painful compromises — in cost, performance, or true sustainability — Sway is designing products to make the plastic-free transition seamless and affordable for their customers. We look forward to supporting Sway’s mission of bringing sustainable and scalable plastic replacements to market.” Janice-Renee Yoshioka (Director, Blue Economy Investments | Conservation International Ventures): “Through its seaweed-based bioplastic solutions, Sway has the potential to reduce reliance on petroleum-based plastics and the harmful effects of plastic pollution on lands and waters. Conservation International Ventures is proud to support Sway’s commitment to developing innovative packaging alternatives that promote restorative seaweed farming practices and livelihoods across Latin America and globally.” Christopher Krohn (Portfolio Director, Circular Economy | IDEO): “We have greatly enjoyed working with Sway as a winner of the Beyond the Bag Challenge, led by Closed Loop Partners, Managing Partner of the Consortium to Reinvent the Retail Bag, which includes CVS Health, Target, and Walmart, along with other industry leaders. This year, we have witnessed Sway’s impressive progress on material formulation and customer engagement, and look forward to seeing their first pilots with mission-driven, culturally influential brands in 2022.” Craig Dudenhoeffer (Chief Innovation Officer | Sustainable Ocean Alliance): “Sustainable Ocean Alliance is dedicated to restoring the health of the ocean in our lifetime — and to propelling ventures like Sway in their inspiring work to get us there. Regenerative supply chains are a critical piece of our path towards a sustainable future. We’re thrilled to invest in Sway, one of our Ocean Solutions Accelerator alumni, as they scale their positive impact.” Industry Relevance Annually, approximately 500 billion plastic bags are used worldwide ( Plastic Oceans ). Approximately 180 billion polybags are produced every year to store, transport, and protect garments, footwear, and accessories. Less than 15 percent of polybags are collected for recycling ( Fashion For Good ). The Ellen MacArthur Foundation’s Global Commitment has already mobilized over 500 signatories that are determined to cut down plastic consumption, including companies representing 20% of all plastic packaging produced globally. Signatories include Nestlé, PepsiCo, The Coca-Cola Company, Walmart, and Unilever, as well as packaging producers Amcor and Berry Global ( Ellen MacArthur Foundation ). Seaweed can sequester up to 20 times more carbon per acre than trees ( Harvard University ). If seaweed forests and farms covered just 9% of the ocean, they would sequester the entire planet’s annual carbon emissions ( Ocean Foresters ). About Sway Sway is a materials company based in Berkeley, CA. It was founded in 2020 by designer Julia Marsh (CEO), sustainable development practitioner Matt Mayes (COO), and former Chobani CBO Leland Maschmeyer, who is also co-founder of global design agency COLLINS. Born from their frustration with the shortcomings of existing plastic alternatives, Sway targets thin-film plastic packaging, the hardest-to-replace plastics on the market. Sway products are derived from seaweed, fully bio-based, nontoxic, high-performance, and rapidly compostable in home and industrial compost environments. Learn more about Sway at their website, swaythefuture.com or at @swaythefuture on Instagram , Facebook , Twitter , and LinkedIn . Product images can be found in this folder . Contacts

BAM Ventures Investments

55 Investments

BAM Ventures has made 55 investments. Their latest investment was in FourFront as part of their Seed VC on October 10, 2021.

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BAM Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/12/2021

Seed VC

FourFront

$1.5M

Yes

4

8/18/2021

Seed VC

Pay Engine

$1.6M

Yes

2

8/4/2021

Series A

Wildfire

$15M

Yes

5

7/23/2021

Seed VC

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$99M

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10

7/20/2021

Seed VC

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$99M

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10

Date

10/12/2021

8/18/2021

8/4/2021

7/23/2021

7/20/2021

Round

Seed VC

Seed VC

Series A

Seed VC

Seed VC

Company

FourFront

Pay Engine

Wildfire

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Amount

$1.5M

$1.6M

$15M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

2

5

10

10

BAM Ventures Portfolio Exits

11 Portfolio Exits

BAM Ventures has 11 portfolio exits. Their latest portfolio exit was PrettyLitter on September 07, 2021.

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

9/7/2021

Acquired

$991

2

3/11/2021

Acquired

6

12/30/2020

Acquired

$991

8

00/00/0000

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10

00/00/0000

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10

Date

9/7/2021

3/11/2021

12/30/2020

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

2

6

8

10

10

BAM Ventures Acquisitions

1 Acquisition

BAM Ventures acquired 1 company. Their latest acquisition was College Fashionista on October 28, 2016.

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

10/28/2016

Acquired

Acquired

1

Date

10/28/2016

Investment Stage

Acquired

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

BAM Ventures Fund History

3 Fund Histories

BAM Ventures has 3 funds, including Bam Ventures Partners.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/15/2014

Bam Ventures Partners

Early-Stage Venture Capital

$4.03M

2

BAM Ventures Partners II

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$99M

10

BAM Ventures Partners III

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$99M

10

Closing Date

12/15/2014

Fund

Bam Ventures Partners

BAM Ventures Partners II

BAM Ventures Partners III

Fund Type

Early-Stage Venture Capital

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Status

Amount

$4.03M

$99M

$99M

Sources

2

10

10

BAM Ventures Team

4 Team Members

BAM Ventures has 4 team members, including current President, Bruce McLean.

Name

Work History

Title

Status

Brian Lee

Founder

Current

Bruce McLean

President

Current

Richard Jun

Managing Director

Current

Shamin Rostami Walsh

Managing Director

Current

Name

Brian Lee

Bruce McLean

Richard Jun

Shamin Rostami Walsh

Work History

Title

Founder

President

Managing Director

Managing Director

Status

Current

Current

Current

Current

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