CVX Ventures Online Partner meeting
At this partner meeting, a number of companies will be presented that you can join as advisory board members and/or invest in. The companies will be announced progressively.
Read About the Cases
AI Medtech
AI Medical Technology is a Swedish MedTech that is working on an AI medical software algorithm that analyzes skin lesions non-invasively using computer vision AI technology to detect melanoma, a potentially lethal skin cancer. The device is specifically crafted to diagnose melanoma through AI, addressing the current challenges of human error, high costs, slow processes, and invasive biopsies.
AIMT has secured trademark protection for its name across various regions. The company’s competitive advantage stems from safeguarded trade secrets within the algorithm, along with extensive datasets of lesion images and strategic partnerships with major medical centers in Sweden and global corporate players in dermatology. This intricate combination makes replicating the business challenging, providing AIMT with an estimated 5-year head start.
AI Med Tech is seeking a total investment of up to 4,000,000 SEK from the CVX partnernetwork.
DRYK
Dryk, a Danish producer of plant-based oat and pea drinks, is known for its oat barista version, which is popular in cafés such as Lagkagehuset, Coffee Collective, and Copenhagen Coffee Lab. The company differentiates itself through a meticulous production process using genuine oats and has expanded to 20 countries since its inception in 2020, driven by a robust dealer network. In the B2B2B sector, distributor relationships led to a revenue growth of 31% in 2022-23, combined with an increase in margins of 24%. Future growth strategies include targeting new geographical areas (USA, Southeast Asia, UK) and a retail strategy that includes a partnership with CO-RO, granting access to more than 1100 supermarkets. A successful test run in CO-RO’s network showed a high retention of net dollar.
Dryk was launched in 2020 and entered the HORECA sector, building a robust distribution network with 64 partners in Denmark and expanding into other European markets. The company experienced a sales growth of 31% in 2023 and focused on “Project 40%” to optimize margins in preparation for entering retail markets. This project included negotiating reductions in unit costs, downsizing the team, and achieving a gross margin of 36% by October 2023. Simultaneously, Dryk moved its warehouse to rural Sweden, reducing freight costs and achieving a 24% reduction in costs per liter, resulting in a net margin of 11% in October 2023.
Dryk is seeking a total investment of up to 500,000 Euros from the CVX partner network.
Millfield Technology
Millfield Technology has developed a Danish-patented cleantech technology that has the ability to convert energy from rivers and tides into stable and sustainable electricity or pumping functions. Their groundbreaking technology represents not only a technological achievement but also an environmentally friendly step towards harnessing renewable energy resources.
Through the integration of their patented technology, Millfield Technology has effectively harnessed the natural movements of water to generate electricity or perform pumping functions, contributing to more sustainable and green energy production.
Millfield Technology is seeking advisors with expertise in securing capital fundraising, developing and testing prototypes/market models, ensuring operations and patents, strengthening the team, and optimizing processes for product sales and company expansion.
Conscious Warrior
Conscious Warrior helps companies align their ESG goals with the running apparel they purchase for events such as the DHL Relay. The circular concept allows companies to reduce new production and textile waste. CW running apparel is made from recycled, durable polyester, with the ability to add and remove prints according to companies’ needs.
With their ‘Run for Zero’ concept, Conscious Warrior can measure and collect data on companies’ climate footprints and improvements related to running apparel. This way, Conscious Warrior can document whether companies are actually getting closer to their climate goals.
Conscious Warrior is seeking expertise to scale and penetrate deeper into larger companies.
Godsent
Godsent is an established esports organization and a frontrunner in the Scandinavian esports scene. They participate in competitions and entertainment across various esports and games at a global level. The company is dedicated to delivering exceptional performances and exciting content within the world of esports.
Godsent has made a significant mark in Counter-Strike: Global Offensive (CS) by participating in three of the most prestigious tournaments, the majors. Their impressive performances have attracted the attention of a daily viewership of 1.2 million, with an annual growth rate of 50% in their viewer numbers. Not only has Godsent managed to consolidate their position within the esports industry, but they have also achieved profitability.
The company is seeking qualified professionals with expertise in financing and CFO services to strengthen their team and meet the company’s needs in these areas.
CoqueY
CoqueY is a company based on a revolutionary yet simple assembly technique originally invented for assembling satellites in space. They have applied this technology to develop the market’s strongest smartphone case relative to its size.
CoqueY is seeking an advisor with expertise in scaling production, sales, connections to the retail market, understanding of IP protection, and who can help assemble the rest of the team.
Aryze
The Copenhagen-based fintech company ARYZE is transforming the stablecoin market with its innovative ARYZE Digital Cash. Utilizing reForge technology, it enables direct on-chain conversion between digital cash variants, eliminating the need for exchanges. This process, powered by Chainlink, ensures efficient and cost-effective transactions. ARYZE’s mission is to address the challenges in the financial system and promote global financial inclusion for the two billion people who are unbanked.
ARYZE is strategically positioned for significant expansion through efficient operations and targeted growth initiatives. Committed to achieving break-even within the first year, the company prioritizes operational efficiency and sustainable profitability. By embracing an innovative approach, ARYZE demonstrates success without necessarily dominating market share. The implementation of token burns enhances ARYZE’s market value and contributes to the company’s financial strength. For detailed insights, please refer to the appendices.
Aryze’s ideal candidate for the role of board member possesses in-depth expertise in CeFi and TradFi, as well as experience in traditional finance, preferably with a focus on digital currencies and payment systems. They should also have the competence to navigate the regulatory landscape within finance, cryptocurrency, and Web3. Business development within payments and digital currency is crucial, including strong skills in establishing partnerships and expanding markets in this field. This may include individuals who are familiar with enterprise SaaS solutions, as well as sales and implementation of these solutions.
Pecasu
Pecasu is a groundbreaking platform that connects clubs, fans, and sponsors, adding a new dimension to sports sponsorships. Additionally, Pecasu is a performance-based crowdfunding platform for sports teams, where success is driven by the team’s performance and supporter engagement.
Pecasu has partnered with prominent sports clubs such as Brøndby IF, Esbjerg, and FCM. Additionally, they have established strong partnerships with these clubs to expand Pecasu’s influence and engagement within the sports world.
Pecasu is seeking assistance in fundraising and industry knowledge (partnerships with sports clubs). They aim to collaborate with experts in fundraising and establish partnerships with sports clubs to strengthen their position within the industry.
