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Angel Investor (Group)
teamdowney.com

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Investments

8

Portfolio Exits

3

About Downey Ventures

Team Downey is an entertainment company founded by Robert Downey Jr. and Susan Downey that produces film and television properties. The digital division of Team Downey produces online videos and games. Downey Ventures invests in digital media start-ups and incubates consumer entertainment technology companies. Team Downey employs a multidisciplinary team of writers, producers, researchers, designers and engineers to create the future of entertainment.

Downey Ventures Headquarter Location

California,

United States

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Latest Downey Ventures News

Robert Downey Jr. Launches FootPrint Coalition Ventures for Sustainable Technology ESG Investments

Jan 28, 2021

Los Angeles, CA, - Producer, actor and investor Robert Downey Jr. announced the launch of ESG-focused FootPrint Coalition Ventures , a series of ambitious, rolling venture capital funds focused on sustainable technology, while participating in World Economic Forum (WEF) Digital Davos Agenda on a High Level Panel. FootPrint Coalition Ventures’ mission is to accelerate groundbreaking technologies that are addressing the world’s largest environmental challenges. “Having spent the last 18 months in dialogue with scientists, engineers and technologists, I now have a firm grasp of the obvious: this global existential threat is not something that's going to be solved by a smattering of elite mega-corporations. I think that paradigm must be smashed in favor of innovation by a broad set of new companies. Investment in sustainable technology is a critical pathway toward the discovery and scaling of better solutions for our planet. We need to mobilize more people and catalyze more capital. Thus - FootPrint Coalition Ventures, a group of investors, technologists, and storytellers committed to scaling enviro-tech solutions.” said Downey Jr. We want to turn complex subjects into culture-defining content, and offer our audience an opportunity to invest with us. And so we are now opening up to outside investment by launching a “rolling fund” in partnership with AngelList. I’m asking my followers to come on this journey with me by following @officialfootprintcoalition - let’s help force multiply innovators’ efforts in changing the planet.” FootPrint Coalition Ventures Founder Robert Downey, Jr. The ESG sector - funds that focus on the Environmental, Social and Governance issues - continues to grow rapidly, as climate risk leads investors to reassess their positions and how it affects the bottom line and the earth. Part of the broader stakeholder capitalism movement, impact investing funds have topped $250 billion (CNBC), and sustainability assets have doubled in value over the past three years. FootPrint Coalition Ventures will initially comprise two funds - an early-stage (Pre-Seed, Series A) and late-stage (Series B and beyond). Within the overarching umbrella of sustainable technology, the team has identified six particular investment areas of focus: sustainability focused consumer products and services; food and agriculture technology; materials and industrial tech; energy and transportation; education and media; and advanced environmental solutions. FootPrint Coalition has already invested in five companies: Arcadia Earth : A next generation exhibition and extended reality experience  with a mission to positively impact our planet through environmental storytelling. Arcadia is the first platform of its kind to offer a powerful, intimately personal exploration of the plight of our planet through human scale art installations and the futuristic lens of augmented and virtual reality. Cloud Paper : A tree-free paper products company on a mission to save a billion trees. By using 100% ultra-renewable bamboo, plastic-free packaging, and carbon neutral deliveries Cloud Paper provides a sustainable alternative to traditional paper products like toilet paper and paper towels. RWDC Industries : A biotech company developing innovative and cost-effective biovanescent materials (materials that completely — 100% completely — break down to water and CO2, leaving no trace) to replace petroleum-derived plastics in a wide range of single-use consumer goods. Ÿnsect : the world leader in natural insect protein and fertilizer production, Ÿnsect uses pioneering proprietary technology protected by 260 patents to transform Molitor mealworms into sustainable,  premium and  high-value ingredients for humans, pets, fish and plants. Ÿnsect is currently building its second production unit, the first carbon negative and largest vertical farm in the world. FootPrint Coalition Ventures’ latest investment, announced today alongside the fund, is into Aspiration , a neobank which offers 100% clean, socially-conscious and sustainable cash management services and investment products, so individuals can make money while making the world a better place. “For years, huge fortunes have been built off of actions that harm our planet. FootPrint Coalition is opening the door to allow real people to invest in the companies that are building businesses around the mission of saving the Earth for generations to come. We are honored to have them and Robert Downey Jr. as investors and partners in this worthwhile battle," Aspiration CEO and Co-Founder Andrei Cherny commented. FootPrint Coalition Ventures will be led by veteran tech investors and entrepreneurs Jonathan Schulhof and Steve Levin. Schulhof’s experience includes Motivate, GloriEnergy, ColdWatt , and GTI Capital. He received his law degree from Stanford. Levin co-founded Team Downey (development and content production across TV/Film, with 30+ production credits and over $5.8 Billion in Box Office Gross) and Downey Ventures, (focused on media and technology investments.) Previously, Levin served as a strategy lead at Green Dot, was a founding member of Deloitte’s R&D Group (serving as the firm’s leading expert on nuclear power generation), and consulted for Bain & Co. He received his MBA from Stanford and holds a BS in Accounting and a Master’s of Business Taxation degree from USC. Collectively, the Footprint Coalition team has a history of working with great institutions to build category leading companies, from Maker Studios (sold to Disney) and Ethos Life to Saturn Technologies and Masterclass. Rachel Kropa, former head of the CAA Foundation who joined Footprint Coalition to lead scientific and philanthropic efforts last year, will serve as the fund’s Impact Advisor and liaison to the scientific and research communities. Kropa holds a BSc in Biochemistry from the University of Virginia and an Archaeology Certificate from UCLA. She chairs the Los Angeles board of Peer Health Exchange, she sits on the Board of Directors of the Environmental Media Association, and she is a member of Sierra Club’s Arts + Entertainment Council. In addition,  the fund will leverage Downey’s creative team and knack for storytelling to help portfolio companies reach a highly engaged audience. Downey’s significant social and traditional media visibility (over 100 million highly engaged followers), combined with creative storytelling, aims to aid the portfolio in myriad ways, from gaining awareness, to attracting talent, to helping them connect with other dynamic minds in the FC universe (whether scientific, financial, political, or beyond) that will help the companies succeed. FootPrint Coalition Ventures’ rolling fund is accessible to qualified and accredited investors in its wide supporters’ network due to a pioneering and innovative partnership with AngelList, the leading platform for investing in world-changing startups. AngelList’s recently-launched Rolling Fund offering democratizes the investment process by accepting new capital through quarterly LP subscriptions, thus giving more people the opportunity to participate in the venture economy — and more startups the resources they need to change the world. FootPrint Coalition Ventures Co-Founder, Jonathan Schulhof, explained: “We see two powerful trends working together to support the environment. First, engaging content and media distribution enable us to create a passionate community from Robert’s 100 million followers and to use that audience to access great investments. Second, a turnkey technology platform now enables us to manage a broad set of individual investors. Venture funds traditionally have high minimums that exclude only the wealthiest individuals, or endowments and foundations. With much lower minimums and shorter investment periods, we can now offer access to these same companies to a much broader group. When these investors further ignite our passionate audience, we hope to set a positive feedback loop in motion with environmental technologies as the ultimate beneficiary.” ------------ About FootPrint Coalition Ventures Launched by producer, actor and investor Robert Downey Jr., FootPrint Coalition Ventures’ mission is to accelerate groundbreaking technologies that are addressing the world’s largest environmental challenges. FootPrint Coalition Ventures’ rolling fund is accessible to qualified and accredited investors in its wide supporters’ network due to a pioneering and innovative partnership with AngelList, the leading platform for investing in world-changing startups. Within the overarching umbrella of sustainable technology,  investment areas of focus include: sustainability focused consumer products and services; food and agriculture technology; materials and industrial tech; energy and transportation; education and media; and advanced environmental solutions. FootPrint Coalition’s investment portfolio includes Arcadia Earth , Cloud Paper , RWDC Industries ,  Ÿnsect , and Aspiration .

Downey Ventures Investments

8 Investments

Downey Ventures has made 8 investments. Their latest investment was in Pietra as part of their Seed VC on August 8, 2019.

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Downey Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/26/2019

Seed VC

Pietra

$4M

Yes

1

6/14/2018

Series A

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$99M

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10

1/31/2017

Series A

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$99M

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10

6/2/2016

Series A

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$99M

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10

2/23/2016

Series B

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$99M

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10

Date

8/26/2019

6/14/2018

1/31/2017

6/2/2016

2/23/2016

Round

Seed VC

Series A

Series A

Series A

Series B

Company

Pietra

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Amount

$4M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Downey Ventures Portfolio Exits

3 Portfolio Exits

Downey Ventures has 3 portfolio exits. Their latest portfolio exit was Loot Crate on August 12, 2019.

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

8/12/2019

Asset Sale

1

10/17/2016

Acquired

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10

5/12/2014

Acquired

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$99M

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10

Date

8/12/2019

10/17/2016

5/12/2014

Exit

Asset Sale

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

10

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