View in browser
Capita3

2024 Year in Review

And Looking Ahead to 2025

2024 has been a milestone year for Capita3

Happy New Year! As we look back on this past year and prepare for 2025, we're celebrating 2024 as a year of achievements that showcase collaboration with our supportive community and our commitment to breakthrough innovations.

 

Our portfolio company teams have skillfully navigated the ever-shifting market landscape, fostering both growth and resilience. Many hit impressive milestones in 2024, from launching groundbreaking products to securing crucial partnerships. Many also gained major market presence, positioning them for strong 2025 growth.

 

We are excited to share our perspective on trends we expect in 2025, so keep an eye out for additional news coming soon.   

    Capita3 2024 Recap

    Fund II & IIA Updates

    As many of you know, we launched Fund II and IIA in 2023. With your strong support, we are thrilled to announce we closed on Fund IIA, anchored by the University of Minnesota through SSBCI funding. In 2024 we held a 2nd Fund II closing, with final close planned for 2025. We have an amazing community, and we are truly grateful for your support.

    . 

    New Portfolio Companies

    The best part of our job is investing in awesome founders, and we are delighted to have add 3 new portfolio companies during 2024: Claros Technologies, Zerigo Health, and most recently Gabbi. We also completed two follow-on investments in b.well and MDisrupt.

     

    Fund Administration Technologies

    As the expression goes... our pipeline cup runneth over! This means leveraging technology is more crucial than ever, and AI tools have become integral to our tech stack. Given the nascency of these tools, we're always interested to hear what your teams are using, so please do reach out if you've found effective fund admin tools, and we are happy to share the pros/cons of ours.  

     

    Accelerators for Fund Managers 

    We are all familiar with startup accelerators, and in recent years there has been a growing number of accelerators for 'emerging' fund managers (managers on Fund I to III). These accelerators are highly selective, and in 2024 we took advantage of this trend, seeking programs that provide access to a curated funding ecosystem:

    • Completed Recast Capital accelerator, funded by Melinda French / Pivotal Ventures
    • Accepted into the Bridge Funding Global Program. .
    • Invited to present at the AQVC virtual event with global LPs 

    Other Recognition  

    In 2024, Capita3 received recognition from these organizations: 

    • Highlighted in Times Square as part of the IIE.VC and the Nasdaq Entrepreneurial Center
    • Named to the 60 Top Women-led VC Firms by American Entrepreneurship Today
    • Named to the Ingeborg Investments list of 100 Portfolio Managers Funding the Future
    • Kathy Tune inducted into the Dealmakers Hall of Fame at the 2024 Minneapolis Dealmakers Conference

    Speaking and Leadership Roles 

    Capita3 was invited to lead or speak at a number of events, and highlights include the MATTER 51 Labs Maternal Health accelerator which Pam York co-led, and the MedTech MVP Conference panel where Kathy Tune presented on "Forecasting the Future: Leveraging Lessons from the Most Experienced Minds in Medical Device to Create a Viable Future"

    Capita3 logo Capita3(18of127)

    Annual Mtg CEO photo-1

    download

    Times Square Capita3

    American Entrepreneurship Today Lobo

    matter_chicago_logo

    51 labs

    1718710448457

    2024 Company Highlights

    Claros

    Changing the status quo of forever chemicals

    • Thought leader and major presence at Climate Week NYC
    • Breakthrough commercial pilot demonstrates real world high throughput potential of PFAS destruction technology

    Zerigo 

    Major leadership hires and product expansions

    • Launched Zerigo 2.0 digital ecosystem to support patients managing their chronic skin conditions 
    • Hired chief executives across clinical and growth
    Mdistrupt_News

    MDisrupt

    Investment to drive growth 

    • Several partnerships across the industry, including $1M investment from the American Heart Association Ventures
    • Unveiled platform in late 2023, and saw significant growth in both experts and clients throughout 2024
    FlyteHealth_News

    FlyteHealth 

    A year of investment and company maturation

    • Rebrand from Intellihealth
    • Closed oversubscribed Series A 
    • Added key leaders to the team
    • Co-founder Katherine Saunders gave a TED Talk on obesity and its causes called "Why your body fights weight loss"

    b.well

    Continuously recognized as a leader in the space

    • One of Newsweek world’s best digital health companies
    • MDRN's top 40 Healthcare AI companies making a difference
    • Named a top 50 Leader in Digital Health by Rock Health
    • Closed $10M round

    Marani

    Innovating to drive better outcomes

    • $5M grant from the CDC for maternal health research
    • Finalized strategic partnership with Ouma Health
    • Signed several new contracts

    JoyLux

    Sales going viral 

    • Halle Berry and Respin partnership announced with new product launch
    • Several viral TikTok moments and customer loyalty meant their products quickly sold out 
    • Recognized as a leader in the intimate wellness space by Good Housekeeping 
    Gabbi_News

    Gabbi

    Our latest portfolio company

    • Completed a $1.5M SAFE round
    • Catalyst by Wellstar joined as investor in this round
    • Launching pilot project to leverage Gabbi’s technology within Wellstar’s women’s health service line

    Please subscribe to and share our newsletter with

    your colleagues and follow us on Linkedin.

    LinkedIn
    Capita3
    Subscribe

    Capita3, 100 2nd Street SE, Minneapolis, MN 55414

    Unsubscribe Manage preferences