May Update

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Since we cannot meet in person at the VC breakfast series, we’re hosting webinars with our VC specialist friends to learn how companies are confronting the 2020 Crisis.

SOSV partners Brad & Sean and three of their CEO scientists shared valuable news on emerging diagnostics and anti-body therapies.

With Brussels-based Princip.al, Alpha kicked off the “Essential Economy” Webinar series with 40 LPs.

Next, with ReThink and CityLight, Alpha co-hosts the Essential Economy:
Education and the Future of Work, on 28th May, 12pm EDT.



RSVP for Education & the Future of Work Webinar

With our VC friends, we’ve identified 70 companies that are confronting COVID in profitable and humanitarian ways, and we will continue to learn more via this 4 minute VC Survey. We’ll share the results with everyone who responds.

Take our 4 minute VC Survey on Growth

This month we showcase how four of our companies are adapting to the crisis. In June, we’ll share the best company examples we’ve gathered from our VC friends.  

As always, your time is valuable. If you have comments or up-coming growth rounds to discuss, please email us at partners@alphavp.com.

Stay safe,
Steve, Brian, Dan, Nick and the rest of the Alpha team.

“Online Car Seller Vroom Files Confidentially for IPO”
WSJ

Online used-car seller Vroom Inc. has filed confidentially for an initial public offering it hopes to stage in June, according to people familiar with its plans, a move that will test the ice-cold tech IPO market.

Vroom hopes to draft behind rival Carvana Co., a better-known online car seller whose shares have jumped sevenfold since its 2017 IPO. After falling 80% during the broader market’s selloff in March, Carvana’s shares have recovered to trade near record levels.

With social-distancing measures keeping consumers at home, online car sellers could benefit at the expense of traditional dealers, if buyers opt for a digital-shopping and at-home delivery experience over visiting dealer lots.

 

“A Low-Profile Delivery Unicorn Eyes A New Customer: Busy Healthcare Workers”
FORBES

GoPuff, a billion-dollar delivery app that is best-known for bringing beer and snacks to college students but has been looking for ways to expand in recent years, is now delivering groceries to busy doctors and nurses who are battling coronavirus on the front lines.

 

“Uber leads $170M Lime investment, offloads Jump to Lime”
TECHCRUNCH
Lime  has announced that it has raised a $170 million funding round. Uber is the leading investor with existing investors Alphabet, Bain Capital Ventures, GV and others also participating. The Information first reported on the new funding round before the official announcement

 

“Massachusetts’ uninsured can access free COVID-19 telehealth visits via Doctor on Demand”
MOBIHEALTHNEWS

Uninsured Massachusetts residents now have 24-7 access to free COVID-19 telehealth visits following a new partnership between Doctor on Demand and the Commonwealth.

The telehealth vendor’s deal with the state comes shortly after another agreement that provided the services to Medicaid, children’s health insurance members.

Doctor On Demand said that it has seen a nearly 200% spike in visits among Massachusetts residents compared to the same time last year, highlighting an increased demand for virtual care amid the COVID-19 crisis.

 

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