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Venture Capital

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Investments

10

Portfolio Exits

6

About UJ Ventures

UJ Ventures is a tech-focused seed stage fund targeting Internet (mostly commerce related) and enterprise software opportunities.

UJ Ventures Headquarter Location

United States

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Latest UJ Ventures News

Rhumbix nabs $6 mln

Nov 13, 2015

By Iris Dorbian San Francisco-based Rhumbix, a mobile platform for “smarter construction sites,” has raised $6 million in Series A funding. Greylock Partners led the round with participation from Brick & Mortar Ventures, UJ Ventures and Ray Levitt, a professor at Stanford University. In addition to the funding, Jerry Chen of Greylock has been added to Rhumbix’s board of directors. PRESS RELEASE SAN FRANCISCO, Nov. 10, 2015 /PRNewswire/ — Rhumbix, a mobile platform designed for smarter construction sites, has secured Series A funding of $6 million in financing led by Greylock Partners, with participation from Brick & Mortar Ventures, UJ Ventures and Ray Levitt, Professor at Stanford University. Rhumbix will use the funding to open up its private beta to interested customers and continue to grow its world-class team. As part of the funding round, Jerry Chen of Greylock Partners will join Rhumbix’s Board of Directors. “Construction is a ten trillion dollar market that is ready for new technologies and innovation,” said Jerry Chen, Greylock Partners. “We invested in Rhumbix because of the exceptional caliber of its leadership team and its game-changing technology in a market in need of innovation. Zach and Drew are building a platform that will increase worker productivity and create a smarter, safer worker environment.” Most construction technology solutions today cater to a small fraction of the job site: supervisors or management. There are no technology solutions for the blue-collar workforce that makes up two-thirds of project headcount and, on average, account for 30-60% of total project costs. Instead, the majority of job sites still rely on outdated legacy systems like pen and paper to report on multi-million and billion dollar projects. This lack of technology access leads to inaccurate reporting, making labor the most-variable component of project costs and too often resulting in major profit inefficiencies. Rhumbix passively collects data generated from smartphones carried by construction workers, capturing more accurate data from the field in real-time to help to make labor more efficient and arming project developers and management with data-driven insights to dramatically improve site safety and save money. Rhumbix CEO and Co-Founder Zach Scheel explained, “It’s our belief that the most valuable data on job sites comes from workers themselves. At Rhumbix, we’re building mobile applications for the blue-collar craft workforce that eliminate cumbersome manual reporting methods and provide unprecedented visibility into real-time data from construction operations. With our platform, frontline workers will finally have direct input and influence on improving project outcomes.” Starting today, Rhumbix will open its private beta to interested customers via its website at www.rhumbix.com. Customers can access Rhumbix’s core products available on iPhone and Android devices, including: Mobile Timekeeping: A mobile application that uses GPS and customer defined geo-fences to create more accurate records of job-hours worked on projects. Real-Time Cost Code Accounting: By applying machine learning to human input and passive data collected via its app, Rhumbix helps project sites become even smarter by making predictions based on historical findings such as hours spent on a certain task or project. About Rhumbix Rhumbix is a mobile platform designed for smarter construction sites. Founded in 2014 by Navy veterans with deep experience in the construction industry, Rhumbix’s technology is the first to close the gap between the blue-collar workforce and management in the home office by providing real time data and insights for all project stakeholders. Rhumbix is headquartered in San Francisco, CA and backed by investors including Greylock Partners, Darren Bechtel of Brick & Mortar Ventures, Eric Chen of UJ Ventures and Ray Levitt, Professor at Stanford University. Read more about Rhumbix here: www.rhumbix.com. About Greylock Partners Greylock Partners backs entrepreneurs who are building disruptive, market-transforming consumer and enterprise software companies. We invest in companies that define new markets, including Airbnb, AppDynamics, Cloudera, Docker, Dropbox, Facebook, LinkedIn, Medium, Nextdoor, Palo Alto Networks and Workday © 2015 Buyouts Insider / Argosy Group LLC

UJ Ventures Investments

10 Investments

UJ Ventures has made 10 investments. Their latest investment was in Optimus Ride as part of their Seed VC on October 10, 2016.

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UJ Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/11/2016

Seed VC

Optimus Ride

$5.25M

Yes

9

3/31/2016

Seed VC

Liveli

$1.6M

Yes

1

1/21/2016

Seed VC

Ice.com

$2M

Yes

1

9/4/2015

Series A

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$99M

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10

8/12/2015

Seed VC

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$99M

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10

Date

10/11/2016

3/31/2016

1/21/2016

9/4/2015

8/12/2015

Round

Seed VC

Seed VC

Seed VC

Series A

Seed VC

Company

Optimus Ride

Liveli

Ice.com

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Amount

$5.25M

$1.6M

$2M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

9

1

1

10

10

UJ Ventures Portfolio Exits

6 Portfolio Exits

UJ Ventures has 6 portfolio exits. Their latest portfolio exit was Ice.com on December 07, 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

12/7/2017

Acquired

1

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10

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10

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10

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10

Date

12/7/2017

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Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

1

10

10

10

10

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