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bbgventures.com

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Investments

89

Portfolio Exits

9

Funds

4

About BBG Ventures

BBG Ventures is a New York-based seed stage venture capital fund investing in women-led technology companies. We back founders who are creating market-defining consumer applications and services that make our lives simpler, better, more delightful. BBG Ventures grew out of AOL's #BUILTBYGIRLS initiative, which aims to inspire and support women and girls to claim their place in the tech-enabled economy by imagining and building the great products of the future or by tapping technology to power their work/play/passions.

BBG Ventures Headquarter Location

770 Broadway

New York, New York, 10003,

United States

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Expert Collections containing BBG Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find BBG Ventures in 1 Expert Collection, including Beauty & Personal Care.

B

Beauty & Personal Care

58 items

Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.

Latest BBG Ventures News

Planet FWD secures $10M so consumer products industry can track carbon emissions

May 26, 2022

Planet FWD , a carbon-assessment startup founded by Zume Pizza co-founder Julia Collins, grabbed another cash infusion in the way of 10 million Series A dollars to continue developing technology so that the $1.5 trillion consumer products industry can more accurately measure and reduce their carbon footprint. We profiled Collins’ journey from pizza to climate-friendly food beginning in March 2020 when she announced a $2.7 million seed round , led by BBG Ventures, for Planet FWD to look at regenerative agriculture. The company went on to launch its Moonshot Snacks brand later in that year. It was while Planet FWD was creating its cracker product that Collins says she learned just how difficult it was to develop a product that is carbon neutral. “We want to expand our carbon footprint at the product level for a box of crackers, and that was really hard,” she added. “We wanted to understand our corporate level footprint as a company and that was really hard. We wanted to understand how to reduce our emissions, and that was really hard. We wanted to understand how to purchase very high-quality, carbon offsets, to get to carbon neutral, and again, it’s really hard.” What emerged from those learnings was a carbon-management technology platform for consumer brands to create a climate-friendly company and products more easily by being able to measure, reduce and neutralize emissions and report its carbon footprint. For example, if your company wanted to launch a line of granola bars that is as low in emissions as possible, you can use Planet FWD’s emissions-reduction engine during the product-development phase to understand how to change your supplier or your packaging supplier to a more efficient method. “Imagine the next generation of products that can be produced with low emissions because we’ve made it really easy for customers to understand not just details on how to calculate calories, fat and protein, but actually how to calculate carbon and carbon equivalent during product development,” Collins added. The company’s technology provides GHG Protocol Scope 3 emissions modeling capabilities to help brands address the emissions along their supply chain. Scope 3 emissions account for up to 89% of emissions for consumer products on average, Collins added. Time is of the essence in reducing emissions, with Collin noting that there are less than 100 months left to reach the 2030 global goal of cutting at least 40% of greenhouse gas emissions from 1990 levels. Household consumption of things like food, which impacts land, energy and water, account for 60% of global emissions , she added. JustSalad’s carbon label create from Planet FWD “The emerging regulatory landscape is causing an acceleration of companies really needing better solutions for carbon management and that regulatory framework or those regulatory frameworks are being bolstered by the emerging consumer appetite, sustainable and climate friendly products,” she said. “Retailers paying more attention are prioritizing brands that are motivated, sustainable and willing to stand behind it. And then of course, new ESG is becoming an important part of the way that companies are able to access financial instruments.” As a result, the past year has been one of growth. Though Collins declined to go into detail about growth metrics, she did say the company is now working with 25 customers, including Kashi, Pangaia, Just Salad, Numi Organic Tea, Healthy Hippo, Toodaloo and Sweet Loren’s. Planet FWD, aided by an acquisition of climate tech startup CleanMetrics in 2021, also amassed what Collins touts as the “largest Life Cycle Analysis database for agricultural production systems in North America.” It also hired a climate science team to continue to expand that data. Meanwhile, the Series A is co-led by Acre Venture Partners and Congruent Ventures and includes participation from existing investors BBG Ventures, Precursor, Concrete Rose, January Ventures, Elemental Excelerator, Cleo Capital and Rethink Food. To date, Planet FWD has raised $16.8 million. The new funding will be deployed into the company’s ongoing development of its data, including building out its climate science team. It will also go into product development, like more predictive emissions reduction, and supporting existing and new customers. “Supply chains are so complex, and frankly very difficult to manage, and that is why Planet FWD is very much a vertically-oriented solution,” Collin said. “We are obsessed with helping to decarbonize the consumer landscape and focused on continuing to heat up and fine tune our emissions reductions engine.”

BBG Ventures Investments

89 Investments

BBG Ventures has made 89 investments. Their latest investment was in Planet FWD as part of their Series A on May 5, 2022.

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BBG Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/24/2022

Series A

Planet FWD

$10M

No

2

5/16/2022

Pre-Seed

Formally

$2.3M

Yes

1

4/12/2022

Series B

Real

$37M

No

2

2/24/2022

Series A

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$99M

Subscribe to see more

10

10/29/2021

Seed VC

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$99M

Subscribe to see more

10

Date

5/24/2022

5/16/2022

4/12/2022

2/24/2022

10/29/2021

Round

Series A

Pre-Seed

Series B

Series A

Seed VC

Company

Planet FWD

Formally

Real

Subscribe to see more

Subscribe to see more

Amount

$10M

$2.3M

$37M

$99M

$99M

New?

No

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

2

10

10

BBG Ventures Portfolio Exits

9 Portfolio Exits

BBG Ventures has 9 portfolio exits. Their latest portfolio exit was Beautycon Media on September 08, 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

9/8/2021

Asset Sale

$99M

2

4/6/2021

Acquired

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$99M

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10

12/11/2020

Acq - Talent

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$99M

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10

10/22/2020

Acquired

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$99M

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10

10/8/2019

Acquired

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$99M

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10

Date

9/8/2021

4/6/2021

12/11/2020

10/22/2020

10/8/2019

Exit

Asset Sale

Acquired

Acq - Talent

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

BBG Ventures Fund History

4 Fund Histories

BBG Ventures has 4 funds, including BBG Ventures III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/24/2021

BBG Ventures III

$50M

4

12/31/2017

BBG Ventures II LP

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$99M

10

12/31/2014

BBG Ventures I LP

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$99M

10

9/3/2014

BBG Fund

$99M

10

Closing Date

3/24/2021

12/31/2017

12/31/2014

9/3/2014

Fund

BBG Ventures III

BBG Ventures II LP

BBG Ventures I LP

BBG Fund

Fund Type

Subscribe to see more

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Status

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Amount

$50M

$99M

$99M

$99M

Sources

4

10

10

10

BBG Ventures Team

2 Team Members

BBG Ventures has 2 team members, including current Founder, Managing Partner, Nisha Dua.

Name

Work History

Title

Status

Nisha Dua

AOL, Bain & Company, Ashurst, and Social Ventures Australia

Founder, Managing Partner

Current

Susan Lyne

President

Current

Name

Nisha Dua

Susan Lyne

Work History

AOL, Bain & Company, Ashurst, and Social Ventures Australia

Title

Founder, Managing Partner

President

Status

Current

Current

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