The latest venture capital news from Trousdale.
This Startup's Novel Tech Promises To Boost Battery Capacity for EVs
Coreshell Technologies, Inc. co-founders Jonathan Tan and Roger Basu focused their efforts on nanolayer coating technology that can be added to a battery cell manufacturer's existing production system. This coating increases usable battery capacity by 30% or more and increases heat tolerance by 200%, all while lowering costs and improving safety.
Coreshell's relationship with Trousdale Ventures and managing partner Phillip Sarofim led to a partnership with classic dune buggy brand Meyers Manx. A prototype Meyers Manx electric beach buggy will be the first vehicle to have the Coreshell technology "inside."
Panera Bread Is Testing Automated Coffee Brewing With Miso Robotics
Panera Bread is piloting Miso Robotics' new automated coffee brewing system as it doubles down on its drink subscription program.
Miso's latest launch is the CookRight Coffee system, which uses artificial intelligence to monitor coffee volume and temperature. It also provides predictive analytics that can tell the restaurant more about what kind of coffee its customers enjoy and when.
Eben Bayer "Ecovative Has Engineered Mycelium Structures That Out-Perform Plastic, Leather, Even Meat"
What is mycelium? It's a fungus consisting of threads from which mushrooms grow. One of the most active and prominent players in the world of mycelium is Eben Bayer, founder & CEO of Ecovative Designs. Ecovative, a mycelium technology company is at the forefront of using mycelium to create sustainable materials.
"Ecovative has engineered new mycelium structures that match or out-perform plastic, leather, even meat, all of which turn to compost at the end of their useful life."
Catch up with Eben and his truly innovative achievements in his interview with Vegconomist.
First Meyers Manx Under New Ownership Will Go All-Electric!
58 years after the birth of the original, Meyers Manx is coming and it will be all-electric. A partnership with battery coating innovator Coreshell Technologies promises 240 hp and big range.
The original Manxes were made by Bruce Meyers himself, in a Newport Beach garage in 1964. They went on to be wildly popular, both defining and exporting the whole Southern California surf culture to the world.
Phillip Sarofim of Trousdale Ventures: "GET TO KNOW THE TEAM
I am very focused on investments that offer positive societal and environmental outcomes in addition to generating substantial financial returns and I see these outcomes as interdependent. I do believe that by investing in companies solving challenges in health, wellness, productivity and sustainability, we are satisfying and helping to drive consumer demand. And that, I believe will lead to financial success. These companies are offering healthier alternatives for consumers.
Ecovative sees a fungal future for fashion, food and foam packaging and has a fresh $60M to make it
The core of Ecovative Design's business is in packaging. That's where the company has been developing its tech the longest and where its replacements for Styrofoam packaging have had the most commercial traction.
But there's far more to Ecovative's mushrooms than that, and the company's new investors — including Viking Global Investors, with support from Senator Investment Group, AiiM Partners, Trousdale Ventures and other undisclosed backers — want to see just how far the company can go.
The Investment Firm Behind California's Most Promising Better-For-You Brands
Founder of Trousdale Ventures, Phillip Sarofim, is on a mission to cultivate forward thinking brands and California growth companies that enrich the lives of their consumers.
Meyers Manx Company Sold, Designer Freeman Thomas Is New CEO
The iconic Southern California car that inspired the dune buggy craze will live
on in new designs.
Trousdale Ventures LLC Invests in Bougie Bakes Healthy and Nutritious Snack Maker-Distributor
Trousdale Ventures LLC, a growth equity firm founded by Phillip Sarofim known for investing in Better For You businesses, has joined as an early stage investor in Bougie Bakes, a Los Angeles-based maker-distributor of healthy snack alternatives, including gluten-free, sugar-free and dairy-free brownies, cookies, scones, muffins and more.
EQtainment Launches Children's Mental Health Initiative Due to COVID-19
EQtainment announced today the EQtainment Mental Health Initiative, naming Trousdale Ventures founder, Phillip Sarofim, Chairman of the committee. EQtainment is identifying partners to join the Initiative and sponsor putting Social Emotional curricula in at-risk schools in every major city, and the company is matching sponsorships by donating $30 million of mental health tools for kids and parents at home during the COVID-19 Crisis.
The Best Hot Sauces You Haven't Tried Yet
The heat with Yellowbird; Texas natives treasure the hometown favorite sauce and the line of brightly-colored bottles, ranging from serrano to ghost pepper varieties. Give back to the community with Small Axe Peppers—they make their sauces from community garden harvests from urban farmers.
Uprising Food Raises Series A Financing to Expand its Product Portfolio and Expand Retail Partnerships
Uprising, the superfood bakery offering keto-friendly and fiber-rich foods via subscription delivery service, announced today that it has closed on a $1.25 million investment round led by Trousdale Ventures and former US & Americas CEO for Dentsu Aegis, Nick Brien, along with financial support from prestigious food and beverage entrepreneurs including Hayden Slater from Pressed Juicery, Daina Trout from Health-Ade, and Rosie O'Neill and Josh Resnick from Sugarfina. The news was announced in tandem with the launch of its new low-carb Superfood Chips product line as well as its debut retail partnership with Meijer, Inc., an American supercenter chain throughout the Midwest.
Jennifer Lopez And Alex Rodriguez Invest In Coffee Brand Super Coffee Cofounded By 30 Under 30 Honorees
Kitu Life Inc, the company behind the coffee brand Super Coffee cofounded by three brothers who made our 2019 30 Under 30 Food and Drink list, announced today that it has picked up a minority investment from superstar couple Jennifer Lopez and Alex Rodriguez.