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Venture Capital
8vc.com

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Investments

347

Portfolio Exits

28

Funds

22

Partners & Customers

5

About 8VC

8VC (8 Partners) seeks to enable industry transformation. In a wave of creative destruction, we believe emerging platforms will replace the decades old technology infrastructure behind many industries, promoting greater innovation and global prosperity.

8VC Headquarter Location

Pier 5 Suite 101

San Francisco, California, 94111,

United States

415-366-8393

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Expert Collections containing 8VC

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

Find 8VC in 7 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

19 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, and more.

S

Store management tech (In-store retail tech)

55 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

S

Synthetic Biology

382 items

T

Travel Technology (Travel Tech)

39 items

Tech-enabled companies offering services and products focused on tourism. This collection includes booking services, search platforms, on-demand travel and recommendation sites, among others.

E

Education Technology (Edtech)

56 items

C

CB Insights Insurtech Smart Money Investors - 2020

25 items

Track the world's top-performing VC investors in insurtech. Firms are presented in unranked order.

Latest 8VC News

8VC Leads ~USD6m Seed Round for Brazilian Healthtech Theia

Apr 26, 2022

April 13, 2022 8VC led a ~USD6m seed round for Theia, a Brazilian platform for pregnancy-related healthcare treatment, with participation from US-based VC Canaan, and follow-on from KASZEK. Theia raised ~USD1.4m from KASZEK and MAYA Capital in 2019. ( LABS News ) – Created just over two years ago, the Brazilian health tech startup Theia raised a seed round of BRL 30 million ($6.5 million), led by 8VC and followed by Canaan — two US venture capital firms specializing in the health segment — and Kaszek (the same fund that led the startup‘s BRL 7 million pre-seed round in 2019, alongside Maya Capital, at the time the largest ever raised by a female-founded business in Latin America). In an interview with LABS, the founders Flavia Deutsch Gotfryd (CEO) and Paula Crespi (COO) said that they will use the new funding not only for developing new features and services but also for closing partnerships with health plans — this last step is essential to make Theia’s virtual and in-person solutions accessible for more women in Brazil. Since January of last year, more than 1,000 women have been assisted by the startup, with an NPS above 90. Theia’s virtual and face-to-face monitoring services range from the moment women decide to become mothers until the post-birth period and the baby’s first care. The women assisted so far by Theia paid from their pockets for all the startup‘s services. However, making Theia available through health care plans is the next big step for expanding the startup‘s target audience. “We understand that to have scale, relevance; the first step is our integration with health plans (…) We already have advanced conversations with several of the plans here in Sao Paulo, but we still cannot disclose which ones yet,” explained Deutsch, who is currently in her third pregnancy. Without revealing exact numbers, Deutsch said that Theia saw its revenues grow five times throughout 2021, the year in which the startup worked to consolidate its business model, with the launch of an app with the whole patient’s journey and the inauguration earlier this year, of Theia’s first clinic in Sao Paulo. Through Theia’s website and app, women receive recommendations on what they have or may do in each pregnancy period. They can also schedule face-to-face consultations with partner professionals, carry out online consultations, and have their health data at hand at all times. Despite being protagonists in the process, the mothers assisted by Theia are not alone in it. “I think one of the things that caught my attention now in my second pregnancy is that we really feel supported by Theia. Compared to my first pregnancy, when I had to create this professional support network alone, worrying about each contradictory recommendation I received, this was a relief. Of course, we want to be able to decide what to do, but we also don’t want, all the time, to be responsible for everything. At certain stages, I even questioned if the action suggested by the app was something I needed. But when the time came, I realized that, yes, it was something important,” says Crespi, who is eight months pregnant with her second child. In addition to the app, a personal specialist welcomes Theia’s patients and follows them throughout their journey. Unlike other health tech businesses, Theia is not a “pure software” startup. The face-to-face care part is complex to implement when you want to change how the health system treats maternity in a country like Brazil. But Theia’s new round shows that even (local and global) investors have already realized that this is not only a good idea, but it can be a profitable one, despite the challenges. According to ‘WHO data, cesarean deliveries continue to grow worldwide, accounting for more than one in five (21%) deliveries. Data from 2018, the latest available in the organization, indicate that Brazil has the highest rate of cesarean sections (56%) in the world, alongside the Dominican Republic. The latest survey by the Institute for Supplementary Health Studies (IESS) in Brazil shows that the rate has dropped slightly in the private sector, from 84.5% in 2013 to 82.7% in 2020, but the challenge remains. “Currently, 70% of women start a pregnancy wanting a normal birth; however, in the private system, only 15% succeed. There are numerous reasons for this, but the lack of a system truly centered on this woman is at the heart of it all,” highlights Crespi. 8VC Leads ~USD6m Seed Round for Brazilian Healthtech Theia was last modified: April 26th, 2022 by cramos 0

8VC Investments

347 Investments

8VC has made 347 investments. Their latest investment was in Seaplane IO as part of their Series A on April 4, 2022.

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8VC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/26/2022

Series A

Seaplane IO

$15M

Yes

1

4/25/2022

Seed VC

GridMatrix

$3.5M

Yes

1

4/20/2022

Series C

The Boring Company

$675M

No

6

4/19/2022

Seed VC

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10

4/19/2022

Series B

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$99M

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10

Date

4/26/2022

4/25/2022

4/20/2022

4/19/2022

4/19/2022

Round

Series A

Seed VC

Series C

Seed VC

Series B

Company

Seaplane IO

GridMatrix

The Boring Company

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Amount

$15M

$3.5M

$675M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

6

10

10

8VC Portfolio Exits

28 Portfolio Exits

8VC has 28 portfolio exits. Their latest portfolio exit was Deliverr on May 05, 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

5/5/2022

Acquired

$99M

8

2/24/2022

Merger

1

2/18/2022

Acquired

Sirona Medical

2

12/20/2021

Acq - Pending

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$99M

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10

8/24/2021

Acquired

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10

Date

5/5/2022

2/24/2022

2/18/2022

12/20/2021

8/24/2021

Exit

Acquired

Merger

Acquired

Acq - Pending

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

Sirona Medical

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Sources

8

1

2

10

10

8VC Fund History

22 Fund Histories

8VC has 22 funds, including 8VC Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/23/2018

8VC Fund II

$640M

6

5/12/2017

8VC Co-Invest Fund I

Co-Investment Fund

Closed

$256.8M

3

12/31/2016

Eight Partners VC Fund I

Early-Stage Venture Capital

Closed

1

12/31/2016

8VC Entrepreneurs Fund I

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10

8VC HighLight III SPV

10

Closing Date

4/23/2018

5/12/2017

12/31/2016

12/31/2016

Fund

8VC Fund II

8VC Co-Invest Fund I

Eight Partners VC Fund I

8VC Entrepreneurs Fund I

8VC HighLight III SPV

Fund Type

Co-Investment Fund

Early-Stage Venture Capital

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Status

Closed

Closed

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Amount

$640M

$256.8M

Sources

6

3

1

10

10

8VC Partners & Customers

5 Partners and customers

8VC has 5 strategic partners and customers. 8VC recently partnered with Lineage Logistics on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/16/2021

Licensee

United States

Lineage Logistics and 8VC Announce Strategic Alliance to Revolutionize the Transportation and Logistics Technology Sector

As Lineage 's Advisor , Medwell will bring to bear longstanding relationships and partnerships with Schneider National , Daimler , Koch Industries , and others .

1

7/15/2021

Partner

United States

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10

4/13/2018

Partner

United States

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10

4/13/2018

Partner

United States

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10

4/10/2018

Partner

United States

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10

Date

7/16/2021

7/15/2021

4/13/2018

4/13/2018

4/10/2018

Type

Licensee

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Lineage Logistics and 8VC Announce Strategic Alliance to Revolutionize the Transportation and Logistics Technology Sector

As Lineage 's Advisor , Medwell will bring to bear longstanding relationships and partnerships with Schneider National , Daimler , Koch Industries , and others .

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Sources

1

10

10

10

10

8VC Team

8 Team Members

8VC has 8 team members, including current Founder, President, Drew Oetting.

Name

Work History

Title

Status

Jake Medwell

Founder

Current

Drew Oetting

Founder, President

Current

Bhaskar Ghosh

Chief Technology Officer

Current

Alex Kolicich

Formation 8, Mithril Capital Management, Clarium, and Google

Founding Partner

Current

Kimmy Scotti

Loeb.NYC

Founding Partner

Current

Name

Jake Medwell

Drew Oetting

Bhaskar Ghosh

Alex Kolicich

Kimmy Scotti

Work History

Formation 8, Mithril Capital Management, Clarium, and Google

Loeb.NYC

Title

Founder

Founder, President

Chief Technology Officer

Founding Partner

Founding Partner

Status

Current

Current

Current

Current

Current

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