Investment ThesisThe future looks bright
M13 has been an early backer of DTC businesses. Our investment approach today is focused on the enabling technologies that power the future of work, health, commerce, and money.
Future of work
Work is becoming increasingly distributed and demanding, necessitating streamlined tools and empathetic solutions. Tools that enable smarter collaboration, feedback, and professional development will drive greater efficiencies and serve as anchors in a complex world.
Current stage: Series A Creates a safe place for employees to share real-time feedback.
Current stage: Seed Helps creators share and monetize their work, and engage with fans.
Current stage: Series A Modernizes recruiting for engineers.
Current stage: Series B Redefines financial wellness.
Current stage: Series B Helps immigrants and home cooks generate income through their private kitchens.
Current stage: Series A Enables employers to offer high-quality childcare.
Future of health
We’re believers in the digital transformation of consumer health and wellness because the demand for accessible services such as community-specific telehealth is undeniable. The digital health market is only getting started, and it will grow 10x in scale and be worth over half a trillion dollars over the next five years. Similar to e-commerce, we’re moving further down the stack and investing in the infrastructure layer that makes it easier to start and scale a digital healthcare business.
Current stage: Series B Reimagines the EMR for the future of healthcare.
Current stage: IPO Enables rapid, lab-quality diagnosing and testing.
Current stage: Series D Creates a superior online pharmacy experience.
Current stage: Series A Takes a medical approach to weight loss.
Current stage: Seed Changes the way people of color access primary care.
Future of commerce
Within the next five years, 25% of consumers will shop online. With $850 billion of new total addressable market (TAM) coming online, DTC brands will experience a golden age. But we won’t directly invest in them. Instead, we invest in enabling technologies such as software, marketplaces, and SaaS technologies that make brands more efficient. That’s where we believe outlier value will be created.
Current stage: Seed Auto-saves users’ shopping cart.
Current stage: Series B Modernizes international e-commerce shipping.
Current stage: Seed Delivers authentic Asian grocery products.
Future of money
The future of money lies in democratizing financial services. As more people embrace digital assets, we’ll see novel applications manifest through a variety of new real-world use cases. There’s also a new focus on financial wellness with more than half of US employers now offering workplace financial wellness programs.
Current stage: Series B Automates and simplifies the rental process.
Current stage: Series A Simplifies the real estate investing process.
Current stage: Series A Helps homeowners sell their home without real estate agents.
Current stage: Series B Builds the rails to enable bitcoin transactions globally.
Current stage: Series A Offers the world’s first 100% collateralized crypto-backed mortgage.
Current stage: Series B Builds the future of frictionless finance.
We view web3 as a horizontal technology that permeates across our vertical areas of focus. Our web3 portfolio companies are building the next iteration of the internet to power consumer applications in work, health, commerce, and money and exploring token-driven economies.
Current stage: Series A Makes it easy to remove existing carbon.
Current stage: Series A Brings crypto rewards to the masses.
Current stage: Series A Allows musicians to release digital music collectibles as non-fungible tokens (NFTs).
Current stage: Series B Helps long-term investors securely buy, sell, and use bitcoin.