Amplify Community Update 10/10/23

SafeRide Health, a leading platform connecting patients to life-sustaining care, has secured Series C funding to expand its non-emergency medical transportation (NEMT) technology and services. This round was led by Sands Capital alongside new investors Healthworx, the investment arm of BlueCross/Blue Shield and SCAN Group with participation from existing investors Transform Capital, Seminal Capital (SEMCAP), Hill City Capital, Fry’s Path Capital, Primetime Partners, Fresenius Medical Ventures, Bonfire Ventures, and Meridian Street Capital. SafeRide Health aims to disrupt the $10+ billion NEMT market and enhance the member experience for over 120 million individuals in Medicare Advantage and Medicaid programs. The company addresses a crucial healthcare gap by providing access to care for those facing transportation barriers, particularly low income individuals.

Cascade Biocatalysts, a bio-manufacturing company catalyzing green chemistry, raised an oversubscribed $2.6 M pre-seed from Amplify and Ten VC with partners Boost VC, Range Ventures, Spacecadet, and the Cool Climate Collective. Cascade aims to use the raised funds to scale its impact from the lab bench to pilot scale and to support its initial wave of customers.

Sourcetable, the next-generation spreadsheet, announced their $3M Seed Round led by Michael Berolzheimer at Bee Partners, in addition to $1.25M Pre-Seed funding round from Amplify.LA, Long Journey Ventures, and NextView Ventures. Sourcetable is creating a unique spreadsheet experience that combines data warehousing, live data-sync, and intelligent, user-friendly features, breaking down technical barriers for analysts, operators, and regular spreadsheet users. This significant milestone sets the stage for Sourcetable to continue revolutionizing the fields of data analysis and reporting.

We're Backing Reactive

When you think back to 90's catalogs, what comes to mind? Maybe a product image, a quippy blurb, available sizes, and maybe even multiple color options. Save for slightly more engaging elements (like carefully filtered customer reviews and embedded social posts from their most aesthetic fans) e-comm product pages remain almost identical in 2022! And unfortunately, the vast majority of e-commerce sites suffer the same problem their retro paper ancestors did: they fail to convert 99% of potential customers. The e-commerce revolution has, in many senses, simply copy and pasted the customer experience of the 90’s and early aughts into today’s world.

In our latest blog post, you can read all about how Reactive is bringing the interactivity of social to merchant storefronts, and in turn, ushering e-commerce into an engaging new era. Reactive offers live streaming infrastructure as a service, providing e-comm sellers the building blocks for exceptional, low-latency live experiences, focusing on live commerce. Using Reactive, merchants can go live on their first-party platforms, own their audience and brand interactions, and seamlessly incorporate critical features like enhanced audience analytics, payments, chat, and more. Read more here about why we decided to back Andrew Conti.

Upwards (previously WeeCare), the leading national childcare network, announced its new name and brand identity: Upwards. As Upwards enters a new growth cycle, it remains steadfast in its commitment to childcare, while also planning to include other types of care that meet the unique needs of families."Upwards signifies the direction families move when care is not a concern," said Jessica Chang, CEO and Co-Founder of Upwards, unveiling the company's new name. "From our founding in 2017, we focused on putting family at the center of everything we do. And going forward, the new name aligns with our company’s mission of making care accessible to all families and empowering the caregivers who provide it.”

WARP, a Los Angeles, CA-based tech-powered freight network specializing in middle-mile solutions, announced the launch of their real-time inventory distribution service, "WARPstock" backed by their WARP Station technology. Using their proprietary algorithm, WARP can now facilitate the movement of goods in/out of their customers' warehouses, to distribution centers, and in/out of stores based on their actual needs, not just anticipated needs.

HoneyBee Health, an online pharmacy that sells generic medications without the need for insurance, was featured in this year’s #TIME100Companies: A list of the world’s most influential businesses! They were recognized in the Times for their work in expanding access to abortion pills across the U.S. HoneyBee Health was the first pharmacy officially cleared by the FDA to dispense abortion pills via mail. In 2023 HoneyBee Health was also the first to satisfy new permanent requirements, continued to meet increasing demand, and kept its 36-hour turnaround time from prescription to delivery. They are a leading force driving positive change in the healthcare sector.

Abstract’s founders, Patrick Utz, Matthew Chang, and Mohammed Hayat, have made the first Forbes 30 under 30 list for Los Angeles! The Local List features the top entrepreneurs, activists and creatives in vibrant innovation hubs across the country. From 2020 to now Abstract has worked hard to create the “Atlassian for government data,” aiming to make lobbying accessible through a collaborative workflow management platform built on the largest structured dataset of state government documents.

Artkive, a leader in helping people preserve physical memorabilia, launched Cards By Artkive allowing people to send in their greeting cards to be digitally preserved and turned into a keepsake book. Customers are sent a box with a return label to fill with their old birthday, Mother’s/Father’s Day, and other cards they’ve received. The cards are then professionally photographed, loaded to an account and a hardcover book is sent of all the memories. Cards By Artkive has gone viral on TikTok garnering nearly 100k followers and tens of millions of video views in the last 90 days.

Check out our latest Job Board on the Amplify Website! Find the latest job openings and positions throughout our entire portfolio. you can apply directly, or if you know anyone who could be a fit, feel free to pass it along!