NextUp Q4 2023 Portfolio Updates

New Portfolio Companies

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CrewLAB

CrewLAB is the only system that is designed to 10x the impact of coaches and transform teams into vibrant digital communities. CrewLAB is a simple, purpose-built teamspace designed to make community a coach’s competitive edge. Through the platform, coaches can center their teams on positive athletic activity with a single, unified team hub, validate the hard work athletes do with likes and comments, and use engagement insights to identify their at-risk athletes. A testament to its growth, just a few days ago CrewLAB closed a partnership with USRowing to offer their services to all Rowing coaches across the United States.

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Our Support: Strategy, Growth, and Partnerships.

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Balnce AI

Trust is the core of our relationships. Balnce AI is building AI systems to democratize opportunity and help people thrive in the next economic wave. Their goal: help achieve greater security and balance in transactions so we can be a bit more human.

Our Support: Horizontal Expansion, Fundraising, and Partnerships Strategy.

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Vuyu.app (Deal Warehouse)

Vuyu.app is the world's first and only mobile application and desktop streaming platform to go live across multiple social networks including Facebook, (profiles, pages, and groups) YouTube, Instagram, Twitter, Twitch, TikTok & Vimeo and LinkedIn. This enables influencers and companies to ignite their live streams’ growth and generate more revenue.

Our Support: Product Roadmap, Marketing, and Fundraising Strategy.

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Q4 Portfolio Updates

Studious

Studious is an AI personalization platform for studying that creates a flywheel for each user, leveraging cognitive science, gamification and LLMs, with an underlying study topic framework to improve success rates and reduce cost.

• Strategic Direction And Launch Timeline: Studious is currently growing at 25% MoM and is aiming to launch in February 2024 with 10 paid customers in the Higher Ed Markets and over 750 in its primary category: consumer. 

• Revenue Continuity: Generating $40k ARR pre-launch strictly from individual customers, Studious is primed to complete its free pilot with CohnReznick and its trial-derived platform updates in January 2024.

• Investment: Studious has secured an additional $100k in capital from an angel investor to accelerate its growth.

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Medalist

Medalist is the first clean and natural skin and bodycare line for female athletes, by female athletes, custom by sport. Co-Founded by an experienced brand strategist and an Olympic Athlete, the venture will deliver more personalized products for women.

• Product Testing Begins: Medalist is now sending its first samples to hundreds of testers that have applied and it has selected, primarily from Gen Z.

• Marketing Preparations: With a reach of millions of social media users through its Co-Founder, an Olympic Athlete on Team USA playing Rugby, Medalist is poised to develop a network of brand ambassadors consisting of other top female olympic athletes reaching 100,000,000 people at launch.

• Branding: Medalist has created its branding, working with a leading brand agency, in line with its launch timeline culminating in its go-to-market in May 2024.

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MNLY

MNLY analyzes over 80 different data points and biometrics to curate supplement, lifestyle, and nutrition protocols with the goal of helping achieve optimal male health. It has been developed by peak performers, men's health practitioners, and neuroscientists.

• MVP Created: MNLY has completed the development of its Minimum Viable Product, enabling it to speedily go to market in early 2024.

• Groundbreaking Partnership: MNLY has successfully secured an exclusive partnership with HYROX, positioning it as the organization’s sole partner in men's precision health. This collaboration aligns MNLY with globally recognized brands in health and sports, including Red Bull, Puma, and Powerlift, further solidifying the venture’s market presence. HYROX consists of 250,000 athletes, 5,000 gym locations, and 85 events in 17 countries, allowing MNLY to reach to an influencer audience of 250,000,000, 30,000 newsletter subscribers, all 40,000 Athlete communications through continuous exposure through a 365-day annual campaign. This also enables the startup to have POS in 300 gym locations nationwide, collaborate with 150 HYROX affiliate coaches, establish over 100 brand activations planned for 2024, creating 30,000+ consumer touch points, and gain exclusive sponsorship of the men's pro division with 12 races nationally in 2024 which are expected to allow for engagement with 40,000 athletes and over 30,000 spectators. With these initiatives, MNLY is forecasted to grow their waitlist to 50,000 prospective customers by launch and assuming a 2% conversion rate, they are projecting a monthly recurring revenue (MRR) of $250K upon execution.

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Journo

Journo is an AI-powered social media platform that utilizes unique travel content to inspire and keep users organized in the planning of their next trip. It aims to enable people to elevate their travel planning experience by offering them the ability to browse recommended user-generated content or entering a destination directly, become inspired through unique travel experiences and ideas to fuel the planning of their trip, save travel content that leaves them feeling inspired for easy access once it’s time to create their Itinerary, and access and browse through your saved content to confirm that their trip planning is on track.

Influencer Partnerships: Journo has developed a reach of ~500,000 people and quickly growing through influencers signing up to join their platform.

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ProLeague

The ProLeague platform aims to bring a web3 infrastructure that provides gamers with a single, unified upgrade to the fragmented platforms they are using now. ProLeague is building an infrastructure to help gamers focus on what they love most... the games.

Platform MVP Launch: ProLeague will be launching their MVP in early December, setting it up to generate substantial monthly recurring revenue by January.