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A ROUNDUP OF THE LATEST NEWS FROM ACME AND OUR PORTFOLIO |
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Cue Health Raises $100M and Receives FDA Emergency Authorization for its COVID-19 Test |
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Cue received Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA) for its rapid molecular COVID-19 test. Originally developed with the goal of at-home use, this important EUA approval allows for Cue’s system to initially be introduced as a rapid point-of-care diagnostic administered by a health professional by using a simple nasal swab to detect COVID-19 in less than 25 minutes.
CNBC |
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Cue also closed a $100 million Series C funding round with participation from ACME, Decheng Capital, Foresite Capital, Madrone Capital Partners, and Johnson & Johnson Innovation. Proceeds from the financing will be used to complete development and validation of the comprehensive Cue Health Monitoring System and Cue Test Cartridges and scale the company’s vertically integrated manufacturing infrastructure.
Techcrunch |
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Tia raises $24 million to scale its end-to-end women’s healthcare platform and network of physical clinics.
“Tia’s model is built on the recognition that there is no such thing as ‘one-size-fits-all’ in healthcare, female health is fundamentally distinct."Forbes
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IonQ raised additional funding as part of its previously announced Series B round, including strategic investments from Lockheed Martin and Robert Bosch Venture Capital. The company also announced additions to its advisory team, including 2012 Nobel Prize winner David Wineland.
Techcrunch
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Nordsense appoints Henrik Norgreen Chief Operating Officer; Norgreen is a 20-year technology veteran with deep experience across business development, industrialization, R&D and global supply chain management.
Nordsense
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NexGenT has partnered with Leif Partners to expand education opportunities. The company will leverage the growth financing agreement to scale access to its Zero To Engineer programs through a new outcomes-aligned education financing option.
PR Newswire
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THINGS THAT MAKE US THINK, MATTERS OF DEBATE, EXISTENTIAL INSPIRATION |
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"America Is Already Different Than It Was Two Weeks Ago"
The Atlantic
"Telehealth's future is bright. Here's what it'll look like in 2025."
Fast Company
"The Remarkable Stuff Scientists Get Done as They Work From Home"
Wired
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As most of you likely have, we have spent time reflecting on the pervasive structural inequality in our country. We recognize both the magnitude of the problem and the fact that true change will require long-term urgency and ongoing education that doesn’t end with one-time donations and news cycles.
Diversity and inclusion are core values at ACME and we have a track record of supporting founders and internal team members from historically underrepresented backgrounds - but we as a Firm and an industry can and should do better.
We believe action must be grounded in a true understanding of other people's experiences; we have included a selection of resources below that our team has found insightful as we have focused on listening and learning.
We will continue to invest time and resources to drive progress on this critical issue and reinforce our commitment to doing our part to ensure entrepreneurship is accessible to everyone.
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| Social Justice Organizations |
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We are proud of how our portfolio companies are taking a stand against systemic racism |
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“In the end, we will remember not the words of our enemies, but the silence of our friends.”
— Martin Luther King Jr.
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