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Venture Capital
FINANCE | Investment Firms & Funds
urban.us

Investments

35

Portfolio Exits

2

Funds

4

Partners & Customers

1

About Third Sphere

Third Sphere is a venture fund for startups that make cities better. Third Sphere helps startups benefit from its community of over 800 investors, companies, cities, and experts who want to help startups solve city problems.

Headquarters Location

400 NW 26th Street

Miami, Florida, 33127,

United States

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Latest Third Sphere News

Earth Force Technologies Announces $8.6 Million Raise to

Nov 30, 2022

The Earth Force vegetation management system dramatically increases the pace, scale, and safety of wildfire prevention work. November 29, 2022 08:30 ET San Francisco, California, UNITED STATES SAN FRANCISCO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Today, Earth Force Technologies, a California-based start-up dedicated to mitigating catastrophic wildfire, announced its seed raise of $8.6 million. The raise is led by Alley Robotics Ventures , with participation by Bold Capital Partners and Third Sphere . Over the past decade, the increase in wildfire frequency and intensity has drawn billions of federal and state dollars for combating and preventing wildfire, but the national labor shortage and physically grueling nature of the work has made for slow progress. Meanwhile, California wildfires in 2020 alone emitted roughly 127 million metric tons of greenhouse gas emissions, or about twice California’s total emission cuts from 2003 to 2019 . Earth Force has built an advanced productivity system centered around jobsite connectivity, teleoperations, and digital tools. Using teleoperated machinery, operators can conduct work from a safe and comfortable workstation. By leveraging data flows from sensors on each project site, project administrators can also use the system to remotely measure progress and impact. “Earth Force Technologies is working with stakeholders across the public, private, and nonprofit sectors to bring the most innovative tools to the work happening on the ground,” says Earth Force founder Justin Dawe. “Fire prevention investments pay off many times over, but aren’t happening at the pace and scale that communities need. By bringing vegetation management into the 21st century, we can do our part to restore forest health while creating safe and desirable jobs in forest-adjacent communities. Environmental destruction is unfortunately happening at unprecedented scale. Earth Force helps make environmental restoration scalable for the first time as well.” “Alley Robotics stands with Earth Force as they work to protect communities from wildfire,” says Alley Robotics managing partner Abe Murray. “By addressing the unmet demand for scalable forestry management, Earth Force will protect lives and infrastructure and significantly reduce CO2 emissions, all while turning dirty and dangerous jobs into safe and highly desirable careers in the modern economy.” "In Earth Force we saw a team that was bringing advanced technologies, like teleoperation and AI that had been applied in other areas like agriculture and mining, to the management of wildfire risk. The confluence of a great team, the use of exponential technologies, and meaningful societal benefit made it a perfect fit for Bold’s investment thesis. We look forward to this approach becoming the standard way of managing forests,” said Neal Bhadkamkar of Bold Capital Partners. "Earth Force is building a solution to take on wildfire prevention while creating good jobs,” says Third Sphere partner Shilpi Kumar. “We are impressed with the team's dedication to applying technology and making a clear impact on an urgent challenge." About Alley Robotics Ventures Alley Robotics Ventures (ARV) is an early stage venture capital firm investing in amazing teams solving the world’s problems. As artificial intelligence improves and hardware costs drop, the applications for technology and data processing must continue to expand. ARV is based in Boston and NYC and is inspired by the AlleyCorp venture fund and incubator. About Bold Capital Partners BOLD is a venture capital firm that seeks entrepreneurs and companies who share a fierce vision for a brighter tomorrow. We identify emerging science and technologies that will disrupt and democratize massive markets, creating innovative solutions to humanity’s greatest challenges. About Th ​ °rd Sphere Third Sphere works for founders accelerating the transformation of global systems to better serve humanity now and into the future. Founded in 2013 by veteran angel investors and founders, Third Sphere has made over 100 early stage climate investments and is ranked in the top few percent of climate tech investors on NFX Signal, Founders Choice, Techcrunch and Climate 50. Press Contact

Third Sphere Investments

35 Investments

Third Sphere has made 35 investments. Their latest investment was in Wasted as part of their Seed VC on January 1, 2023.

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Third Sphere Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/25/2023

Seed VC

Wasted

$7.5M

Yes

3

11/29/2022

Seed VC

Earth Force Technologies

$8.6M

Yes

2

10/25/2022

Seed VC

Domatic

$4M

Yes

2

5/18/2022

Series A

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$99M

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10

5/11/2022

Seed VC - II

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$99M

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10

Date

1/25/2023

11/29/2022

10/25/2022

5/18/2022

5/11/2022

Round

Seed VC

Seed VC

Seed VC

Series A

Seed VC - II

Company

Wasted

Earth Force Technologies

Domatic

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Amount

$7.5M

$8.6M

$4M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

2

10

10

Third Sphere Portfolio Exits

2 Portfolio Exits

Third Sphere has 2 portfolio exits. Their latest portfolio exit was Coord on January 01, 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

1/1/2022

Acquired

$99M

1

10/10/2017

Acquired

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$99M

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10

Date

1/1/2022

10/10/2017

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

Third Sphere Fund History

4 Fund Histories

Third Sphere has 4 funds, including Urban Us Fund III GP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/29/2019

Urban Us Fund III GP

Early-Stage Venture Capital

Open

$7.6M

2

1/26/2016

Urban Us Fund II LP

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$99M

10

12/31/2014

Urban Us Fund I LP

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$99M

10

Urban.us II

10

Closing Date

3/29/2019

1/26/2016

12/31/2014

Fund

Urban Us Fund III GP

Urban Us Fund II LP

Urban Us Fund I LP

Urban.us II

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$7.6M

$99M

$99M

Sources

2

10

10

10

Third Sphere Partners & Customers

1 Partners and customers

Third Sphere has 1 strategic partners and customers. Third Sphere recently partnered with MINI on December 12, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

12/4/2019

Partner

India

Leading Urbantech Accelerator URBAN-X Unveils Seventh Startup Cohort

Founded by MINI and run in partnership with Urban.Us , URBAN-X helps early-stage companies work with and in cities .

1

Date

12/4/2019

Type

Partner

Business Partner

Country

India

News Snippet

Leading Urbantech Accelerator URBAN-X Unveils Seventh Startup Cohort

Founded by MINI and run in partnership with Urban.Us , URBAN-X helps early-stage companies work with and in cities .

Sources

1

Third Sphere Team

2 Team Members

Third Sphere has 2 team members, including current Managing Partner, Shaun Abrahamson.

Name

Work History

Title

Status

Shaun Abrahamson

Patriarch Partners, The Economist Intelligence Unit, starMedia, and govWorks

Managing Partner

Current

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Name

Shaun Abrahamson

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Work History

Patriarch Partners, The Economist Intelligence Unit, starMedia, and govWorks

Title

Managing Partner

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Status

Current

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