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Angel Investor (Individual)

Investments

10

Portfolio Exits

3

About David Marcus

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CB Insights Intelligence Analysts have mentioned David Marcus in 1 CB Insights research brief, most recently on Oct 19, 2021.

Latest David Marcus News

One year after death of Indian migrants at border, U.S. still sees illegal crossings

Jan 19, 2023

U.S. Border Patrol agents Katy Siemer, left and David Marcus stand outside the Customs and Border Protection facility in Pembina, N.D., on Tuesday, Jan. 25, 2022. A year after a family of four from India froze to death while trying to walk to the United States from Manitoba, the agency tasked with patrolling the border says others have not been deterred from attempting the same treacherous journey. Photo by James McCarten /The Canadian Press Article content A year after a family of four from India froze to death while trying to walk to the United States from Manitoba, the agency tasked with patrolling the border says others have not been deterred from attempting the same treacherous journey. Advertisement 2 One year after death of Indian migrants at border, U.S. still sees illegal crossings Back to video U.S. Customs and Border Protection has seen a drastic uptick in recent months of people trying to enter North Dakota, Minnesota and Wisconsin illegally from Canada. The Winnipeg Sun's Daily Headline News Sign up to receive daily headline news from the Winnipeg SUN, a division of Postmedia Network Inc. Email Address Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of The Winnipeg Sun's Daily Headline News will soon be in your inbox. We encountered an issue signing you up. Please try again Article content Those states have seen about 90 apprehensions since October, said Kathryn Siemer, acting patrol agent in charge of the station in Pembina, N.D. The same area saw roughly 80 apprehensions from October 2021 to September 2022. “The numbers are definitely increasing back to a pre-pandemic type situation,” she said. “It’s a pretty well-known fact that the organizations don’t care about the loss of life. They care about people as revenue.” The frozen bodies of Jagdish Patel, 39; his wife Vaishaliben Patel, 37; their 11-year-old daughter, Vihangi; and their three-year-old son, Dharmik, were found on Jan. 19, 2022, near Emerson, Man., just metres from the U.S. border. Advertisement 3 Article content Investigators believe a human smuggling network was behind the family’s journey to Canada from a village in the state of Gujarat in western India, as well as the border-crossing attempt. The family was dropped off near the border in frigid temperatures and was trying to cross into the U.S. on foot among a larger group when the four became separated. Siemer was the agent in charge the day the Patel family was found. “It’s always sad when you look back on a milestone like that … you just think about what could have been done to prevent something as tragic as that family dying in the blizzard,” she said. Temperatures hovered around -35 C that night. Border patrol agents stopped a van with a driver and two Indian nationals just south of the border, said Siemer. Agents later spotted five others from India walking in the snow. They told officers that they had been walking for more than 11 hours in the cold and that four others had become separated from the group overnight. Advertisement 4 Article content Siemer said they then began to co-ordinate with RCMP for a search-and-rescue operation. The Patel family was found about three hours later. One woman in the group had to be taken to hospital, where part of her hand was amputated due to frostbite. Situations like that reinforce the work Siemer has been doing since 2007. “Yes, we’re stopping illegal crossings, but we’re also a life-saving agency,” she said. Data from the U.S. Border Patrol’s online dashboard shows nearly 2,250 encounters at the northern land border for 2022 — on par with figures before the COVID-19 pandemic. Loosened travel restrictions could account for the uptick, said Siemer. She added the agency is seeing more people from Mexico try the northern route as opposed to the southern border, which has more agents and infrastructure. Advertisement 5 Article content The dashboard shows there were approximately 1,000 encounters with people from Mexico at the northern land border last year. The agency has also seen an increase in the number of encounters with families attempting to cross, outpacing pre-pandemic levels. Siemer could not say why there are more families, but said it’s always been an issue. “People are always trying to find a better way of life. They bring their kids across, and children don’t have a choice.” Jagdish Patel’s father told The Canadian Press his son held many jobs in India, but none worked out. Northern land borders in the states of New York, Washington and Vermont had the most interactions last year, data from U.S. Border Patrol suggests. Fritznel Richard, who was originally from Haiti, was found dead from hypothermia in a wooded area south of Montreal earlier this month. Quebec police have said he was trying to reach family south of the border. Advertisement 6 Article content In the Patel family’s case, Steve Shand, a Florida resident, faces charges of human smuggling. Shand was driving the van carrying undocumented Indian nationals, court documents say. His trial has been delayed several times due to COVID-19 and natural disasters, and is expected to take place in April. Two men in India face charges including human trafficking in the Patels’ deaths. Police in India have said they are also investigating suspects in Toronto and Vancouver. The RCMP says it continues to work with international law enforcement partners in the investigation. Toronto police referred all questions to Manitoba RCMP. Vancouver police did not immediately respond to a request.

David Marcus Investments

10 Investments

David Marcus has made 10 investments. Their latest investment was in Scoop Technologies as part of their Unattributed on November 11, 2022.

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David Marcus Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/18/2022

Unattributed

Scoop Technologies

$8M

Yes

1

11/1/2020

Seed VC

Justt

$5M

Yes

1

8/24/2018

Series A

Truebill

$5M

No

4

6/28/2018

Seed VC

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$99M

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10

3/22/2016

Angel

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$99M

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10

Date

11/18/2022

11/1/2020

8/24/2018

6/28/2018

3/22/2016

Round

Unattributed

Seed VC

Series A

Seed VC

Angel

Company

Scoop Technologies

Justt

Truebill

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Amount

$8M

$5M

$5M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

4

10

10

David Marcus Portfolio Exits

3 Portfolio Exits

David Marcus has 3 portfolio exits. Their latest portfolio exit was Shone Automation on April 21, 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

4/21/2022

Acquired

$99M

1

12/20/2021

Acquired

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$99M

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10

6/6/2016

Acquired

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$99M

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10

Date

4/21/2022

12/20/2021

6/6/2016

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

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