Newtopia's Portfolio Updates - May/June 2023

Newtopia’s Portfolio Updates – May/June 2023

Here we share the complete updates of our portfolio.

If you are interested in an introduction, please contact us at diego@newtopia.vc.

Maslow | SaaS – Future of Work

Achieved Profitability. 77x increase in revenue YTD. The usage of benefits has grown by 1.771%.
Alliances with Walmart, Rappi, Justo, WeWork, Cinepolis. Serving companies in multiple countries such as Brazil and Spain.
Fundraising: Secured an investment from BairesDev founders and closed the Angels Round.

Kitchenita | Restaurant Technology

Data agreements with McDonald’s and Starbucks, currently pivoting into a pure AI play for the food industry.
Implemented tech stack and virtual restaurants in 10 locations from Accor Hotels Group both in Mexico and Argentina.
CNN interview on recent AI and machine learning developments.
Fundraising: closing a round extension in Q3 2023, already 70% of round committed, 12 months runway already secured

belo | Fiat-Crypto digital wallet

During Q1, the GTM strategy was adjusted to focus on freelancers, resulting in a 12% MoM growth rate.
Partnered with Payoneer. Potential to reach +30M users worldwide.
During Q2/Q3 will continue to launch new features to improve on ramp/off ramp in Latam, US & Europe.
Attended the MIT Bitcoin expo & Consensus conference in Austin.
Fundraising: Looking to close a seed extension. Already have commitments from existing & new VC’s.

Kigüi | Sustainability – FoodTech

Revenue QoQ x5, 15% MoM for 3 consecutive months. Focus on Mexico. Partnership with Movistar.
Press: Forbes, Alto Nivel, Revista Emprende, Revista Q México
Kigüi invites you to participate in their Investor Day in the AWS Impact Accelerator for Latino Founders cohort on June 28th, with +150 US investors. Join here.
Fundraising: Raised $245,000, included AWS Impact Accelerator grand in cash.

Mokens League | Videogames – Web3

Nov to Mar: 200 DAU, 1400 MAU, 18% stickiness average. Retention rate during the early access period was D1: 22%, D7: 5.3%, and D28: 1.6%.
Mobile version, new stadiums, free-to-play mechanics, NFT sales preparations, an AI system, integration with Fungies.io, and partnership with Ola Guild Games.
Fundraising: Successfully committing and signing 750k with the target of 3M at a 20M valuation. 400k already deposited.

Pura Mente | SaaS – HealthTech

Revenue rose 7% to $66,994 this month, driven by 189k installs and 2,685 new paid users, making it their second-best month for acquisition.
Completed meditations increased by 8%.
28 months of runway and a clear path to growth and profitability.

Beu | Creator economy

“Courses” feature was launched, enabling infoproducers to sell content in a masterclass format.
+10 infoproducers with targets of more than USD $100k registered during the week of the “Courses” feature launch.
Getting closer to break even. -30% in net cash (USD -$7k in May) burn vs April.

Nuqlea | Contech – e-Commerce

Nilus | Social Commerce – Sustainability

Q1: 1.2M of healthy meals delivered – 27,8K Food Waste Rescued – 90Tns Co2 equivalent avoided.
Selected by Norrsken as one of the 50 most innovative companies that don’t destroy our planet.
Launched Nilus News 2nd edition

Lizit | SaaS – B2B Marketplace

11 FTEs
Closed a $1M SaaS enterprise contract with the biggest home-improvement retailer in Colombia becoming the backbone of their entire rental operation.
Finished the Techstars by J.P. Morgan program.

Glass | E-commerce for Governments

Government buyers from 5 new agencies. Got awarded 2 new blanket contracts with the State of California.
Increased order fulfillment rate by 20% and brought over 350k new products by striking new partnerships with U.S. manufacturers and distributors.
Media features with +3M views. Entrepreneur and Wall Street Journal. Got selected in the GovTech Bootcamp by IDB.
Onboarded 2 key hires, with Ivanna Lajara as Head of Government Activation and Vanesa Damiani as Head of Government Partnerships.

For me | Social commerce

Sales of USD $1,3M YTD were generated, operating with an 85% gross profit margin and 20% net margins.
Nicolás Martinez has been incorporated as CTO
Consolidated a community of 1k content creators in the USA.

Oliver | SportTech

5 new teams in May. A new distribution agreement enables the shipment of +1000 units to Mexico. Expanded to Kuwait.

Emprendedores.es recognizes OLIVER as one of the top startups in the soccer sector. Appearances on the Fundido a Negro and Andres Bale podcasts
New ambassadors: Mari Paz Vilas and @jose_trainer.

The Newtopia Team

Newtopia’s Portfolio Updates – May/June 2023