2020 ANNUAL SUMMARY REPORT

February 8, 2020

As we conclude 2020 and prepare for the New Year, we would like to seize this opportunity to reflect on the milestones UpHonest Community has reached and the achievements we have accomplished throughout the year. Here are the highlights:

50 portfolios raised more than $1.6B:

Instacart raised $525M in three rounds of financing.

Pact Pharma raised $75M in Series C.

Turing raised $46M in the Seed and B rounds,

Playbook raised $12.3M in its Angel and A rounds.

BillionToOne raised $15M in Series A.

5 portfolios became Unicorns:

Rippling: HR Management company

Boom: Supersonic jet startup

Ironclad: Digital contract management software startup

Dialpad: AI-powered cloud communications platform

Codemao: China's largest kids coding online education platform

Many startups have found their ways to navigate, pivot, and thrive in the upheaval of 2020:

Hims offered at-home COVID-19 saliva test kits and primary care telemedicine and online therapy sessions on its platform.

Turing Video’s COVID-19 response solution - Body Temperature Thermal Scanner has been trusted by more than 600 Enterprise Customers including AT&T, Peloton, Alaska Airlines, M&T Bank, etc.

Lime became the fastest new mobility company to surpass 200 million rides in 120+ cities around the world and achieved first profitable quarter.

WorkRamp announced its partnership with Udemy, the largest global destination for learning and teaching online, to offer an end-to-end learning experience for the world’s top organizations.

Square Roots' flavorful, nutrient-packed microgreens are available in groceries in NYC and available for delivery with FreshDirect throughout the Mid-Atlantic and Northeast.

Matternet and UPS expanded their ground-breaking hospital delivery network to provide rapid delivery of time-and temperature-sensitive medicines and supplies.

By combining state of the art services with access to a cross-border ecosystem, we partner with exceptional entrepreneurs to create the next big startup or product:

Hey Maet: plant-based meat startup

WindDownClub: pioneering low cal drink brand

BabelFlex: high Intelligent sensors and flexible battery manufacturer

Global Design Distribution: high-end furniture brand

Furfur Land: DTC pet food and treats brand

2020 has had a significant impact on all of us. The year ahead will bring its own challenges but we’re sure by working together we can realise our visions.

Happy New Year - UpHonest 2020 Roundup

Dear UpHonest Community,

Happy New Year! With 2021 coming in hot, we’re taking a trip down memory lane.

As we conclude 2020 and prepare for the New Year, we would like to seize this opportunity to reflect on the milestones UpHonest Community has reached and the achievements we have accomplished throughout the year. Here are the highlights:

*Drum Roll*

50 portfolios raised more than $1.6B:

Instacart raised $525M in three rounds of financing.

Pact Pharma raised $75M in Series C.

Turing raised $46M in the Seed and B rounds,

Playbook raised $12.3M in its Angel and A rounds.

BillionToOne raised $15M in Series A.

 5 portfolios became Unicorns:

Rippling: HR Management company

Boom: Supersonic jet startup

Ironclad: Digital contract management software startup

Dialpad: AI-powered cloud communications platform

Codemao: China's largest kids coding online education platform

 Many startups have found their ways to navigate, pivot, and thrive in the upheaval of 2020:

Hims offered at-home COVID-19 saliva test kits and primary care telemedicine and online therapy sessions on its platform.

Turing Video’s COVID-19 response solution - Body Temperature Thermal Scanner has been trusted by more than 600 Enterprise Customers including AT&T, Peloton, Alaska Airlines, M&T Bank, etc.

Lime became the fastest new mobility company to surpass 200 million rides in 120+ cities around the world and achieved first profitable quarter.

WorkRamp announced its partnership with Udemy, the largest global destination for learning and teaching online, to offer an end-to-end learning experience for the world’s top organizations.

Square Roots' flavorful, nutrient-packed microgreens are available in groceries in NYC and available for delivery with FreshDirect throughout the Mid-Atlantic and Northeast.

Matternet and UPS expanded their ground-breaking hospital delivery network to provide rapid delivery of time-and temperature-sensitive medicines and supplies.

  By combining state of the art services with access to a cross-border ecosystem, we partner with exceptional entrepreneurs to create the next big startup or product:

Hey Maet: plant-based meat startup

WindDownClub: pioneering low cal drink brand

BabelFlex: high Intelligent sensors and flexible battery manufacturer

Global Design Distribution: high-end furniture brand

Furfur Land: DTC pet food and treats brand

  2020 has had a significant impact on all of us, but we would like to thank you all for your significant support and dedication during these challenging times. The year ahead will bring its own challenges but we’re sure by working together we can realise our visions.

We hope you celebrated the start of 2021 in good spirits with family and friends.

Best,

UpHonest Team