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Venture Capital
planbv.com

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Investments

6

Portfolio Exits

3

About Plan B Ventures

Plan B Ventures is a Boston-based private partnership which provides equity funding to early stage cleantech and life science projects in the US and Israel.

Plan B Ventures Headquarter Location

Boston, Massachusetts,

United States

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Latest Plan B Ventures News

Swan Bitcoin Raises $6 Million, Aims To List On Nasdaq By 2024

Nov 22, 2021

Swan Bitcoin raised $6 million in Series A financing on a $90 million pre-money valuation. The round was co-led by Mimesis Capital and Ten31, and Lightning Ventures and Plan B Ventures also participated. Swan aims to be publicly traded on the Nasdaq by 2024. Bitcoin buying app Swan has raised $6 million in a Series A funding round co-led by Mimesis Capital and Ten31 on a $90 million pre-money valuation, the company said in a statement on Monday. Swan, which to date has raised $8.5 million in total, also added investment strategist Lyn Alden to its board of directors. “Our commitment to Bitcoin gives us a huge advantage in the marketplace,” said Cory Klippsten, Swan’s CEO. “Our investors see the Swan difference: our depth of knowledge about Bitcoin and the premium service we offer to all customers. The future of Bitcoin is bright and Swan is extremely well positioned for continued growth.” Xoogler Fund, Plan B Ventures, Lightning Ventures, and HCM Capital also participated in the round. Angels include Blockstream CEO Austin Hill, Dan Matuszewski of CSM Holdings, and professional athletes Baron Davis, C.J. Wilson, and Matthew Dellavedova. Swan seeks to reduce friction in the bitcoin purchasing process by enabling automatic recurring and instant buys for U.S. and international investors. According to the statement, the company is “exploring plans for growth equity funding in the near future” and aims to be listed on the Nasdaq by 2024. Swan will invest the round’s proceeds into marketing and new product development strategies. “Major initiatives include the Swan App launch, international expansion of Private Client Services, the launch of Advisor Services (led by wealth manager and Why Buy Bitcoin author Andy Edstrom), and continued development of Bitcoiner community projects like BitcoinerJobs.co and the upcoming Bitcoiner Events,” per the statement. Tags

Plan B Ventures Investments

6 Investments

Plan B Ventures has made 6 investments. Their latest investment was in Swan Bitcoin as part of their Series A on November 11, 2021.

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Plan B Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/22/2021

Series A

Swan Bitcoin

$6M

Yes

3

8/30/2014

Series B

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$99M

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10

12/4/2013

Series D

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$99M

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10

2/13/2012

Series A

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$99M

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10

6/21/2011

Series B

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$99M

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0

Date

11/22/2021

8/30/2014

12/4/2013

2/13/2012

6/21/2011

Round

Series A

Series B

Series D

Series A

Series B

Company

Swan Bitcoin

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Amount

$6M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

0

Plan B Ventures Portfolio Exits

3 Portfolio Exits

Plan B Ventures has 3 portfolio exits. Their latest portfolio exit was Emefcy on July 17, 2017.

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

7/17/2017

Merger

1

8/1/2016

Asset Sale

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10

2/26/2015

Acquired

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10

Date

7/17/2017

8/1/2016

2/26/2015

Exit

Merger

Asset Sale

Acquired

Companies

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Valuation

Acquirer

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Sources

1

10

10

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