IndieBio New York is hosting its first demo day of the year, on January 24, 2024.
The demo day will feature nine companies fresh out of IndieBio NY’s program (cohort #7) that are working on breakthrough innovations in climate-resilient agriculture, diagnostics, carbon & methane upcycling, cancer therapeutics, and more. TechCrunch recently published the companies with brief descriptions.
SOSV is a global venture capital firm that offers multi-stage investment, starting with pre-seed startup development programs. SOSV’s core mission is to fund visionary, deep tech founders who will have a profound impact on human and planetary health. As of September 2023, SOSV had $1.5 billion in assets under management.
SOSV’s startup development programs are the hard tech-oriented HAX and life sciences-driven IndieBio. Both offer deep tech founders critical technical, product, and company-building expertise in addition to well equipped lab and fabrication facilities.
SOSV’s most recent core fund is the $277 million Fund IV, which closed in 2019. In 2021, SOSV also raised a $100 million Select Fund to support the expansion of follow-on investing in SOSV’s portfolio.
SOSV’s limited partners include corporates, financial institutions, family offices, and high-net worth individuals from around the world, including Credit Suisse, Tiedemann Advisors, Davy Group, ZX Ventures (the strategic arm of Anheuser-Busch InBev), HP Ventures, and Sumitomo Corp. In SOSV’s Fund IV ($277 million), 50% of the limited partners are located in North America, 25% in Europe, and 20% in Japan and Southeast Asia.
SOSV founder and managing GP O’Sullivan has donated tens of millions in profits from his investments to charitable causes, including the Khan Academy, I-ASC and CoderDojo, as well as many other educational, autism-related and humanitarian efforts. As a firm, SOSV commits 10% of SOSV profits to charity. O’Sullivan resides in Princeton, NJ.
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