,
Thanks for being a member of the Automotive Ventures Investment Club. I’m excited to share a new deal with you.
Opportunity:
Automotive Ventures has just made a $200k investment into company
(“i-FIVE-O”) out of our Mobility Fund, and we were able to secure an additional $200k allocation in this round for co-investment from our LPs and Club members. This Club investment is the only way to participate in this round.
Highlights:
i-5O has developed a proprietary computer vision solution to help manufacturers track, measure and improve their manual production processes. A few highlights:
Currently have 6 paying enterprise customers, including Suzuki, Rassini and ArcelorMittal
The company has just surpassed $1m in ARR (revenue run rate)
In an audited test with Suzuki, i-5O’s solution performed at 99.8% accuracy
Investor Presentation:
is a link to i-5O’s investor presentation.
Pitch:
You’re invited to a 1-hour pitch and Q&A session with the company’s CEO on
Monday, 5/1 at 12:00 PM ET
to hear more.
Deal Terms & Fees:
The terms of the round are a $12m pre-money valuation cap and 15% discount on a “
” (SAFE).
The SPV (our investment vehicle) fee structure will mirror best practices established by the
, with a one-time 2% management fee and 20%
. Each investor will share proportionally in the Special Purpose Vehicle (SPV) setup fee, expected to be $4.5k.
If you’re interested in attending next week’s call and learning more about the opportunity to invest, please let me know.
Many thanks,
Steve Greenfield
678.576.9972
