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.
Stage invested: Series A Current stage: Series A Creates a safe place for employees to share real-time feedback.
Stage invested: Seed Current stage: Seed Helps creators share and monetize their work, and engage with fans.
Stage invested: Series A Current stage: Series A Modernizes recruiting for engineers.
Stage invested: Series A Current stage: Series B Redefines financial wellness.
Stage invested: Seed Current stage: Series B Helps immigrants and home cooks generate income through their private kitchens.
Stage invested: Series A 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.
Stage invested: Series B Current stage: Series B Reimagines the EMR for the future of healthcare.
Stage invested: Series B Current stage: IPO Enables rapid, lab-quality diagnosing and testing.
Stage invested: Series C Current stage: Series D Creates a superior online pharmacy experience.
Stage invested: Series A Current stage: Series A Takes a medical approach to weight loss.
Stage invested: Seed 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.
Stage invested: Seed Current stage: Seed Auto-saves users’ shopping cart.
Stage invested: Series A Current stage: Series B Modernizes international e-commerce shipping.
Stage invested: Seed 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.
Stage invested: Seed Current stage: Series B Automates and simplifies the rental process.
Stage invested: Series A Current stage: Series A Simplifies the real estate investing process.
Stage invested: Series A Current stage: Series A Helps homeowners sell their home without real estate agents.
Stage invested: Series A Current stage: Series B Builds the rails to enable bitcoin transactions globally.
Stage invested: Series A Current stage: Series A Offers the world’s first 100% collateralized crypto-backed mortgage.
Stage invested: Series A Current stage: Series B Builds the future of frictionless finance.
web3
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.
Stage invested: Series A Current stage: Series A Makes it easy to remove existing carbon.
Stage invested: Seed Current stage: Series A Brings crypto rewards to the masses.
Stage invested: Seed Current stage: Series A Allows musicians to release digital music collectibles as non-fungible tokens (NFTs).
Stage invested: Series A Current stage: Series B Helps long-term investors securely buy, sell, and use bitcoin.
