SUCCESSFUL EXITS
Simplex
Simplex is a fintech startup providing the fiat infrastructure to the cryptocurrency industry. Its technology allows exchanges, brokers, wallets, merchants, and marketplaces to conduct business online with complete fraud protection. Simplex was acquired in 2021 by the Nuvei Corporation for $250 million.
Burnalong
From programming for new mothers, to those struggling with diabetes and back pain, to classes for people with Parkinson’s Disease and other chronic conditions, BurnAlong has something for everyone with its digital offerings of health, wellness, and exercise platforms. The company was acquired in 2023 by Tivity Health.
Arbe Robotics
Arbe Robotics is a global leader in next-generation 4D Imaging and Radar Solutions. The company develops sensors for the automotive industry that is spearheading the transition to autonomous vehicles. In 2021, Arbe merged with Industrial Tech Acquisitions, Inc., a publicly-traded special purpose acquisition company, and now trades on the NASDAQ.
Clear Genetics
Clear Genetics provides scalable patient support solutions to meet the rapidly expanding medical genetics market. The company develops software for providing genetic services at scale, including the use of intuitive chatbots. Clear Genetics was acquired in 2019 by the Invitae Corporation.
Snag a Slip
Snag a Slip is a leading boating technology company that connects transient boaters with available dock slips through its mobile app. Kesher's investment in the company was spun off in 2021 as part of a larger acquisition.
Carson
Carson is a virtual doorman and property management services company that brings unstaffed buildings the experience of a staffed building, at an affordable price. Carson was acquired in 2021 by Flow Living.
Bitmain
Grassroots
Bitmain, founded in 2013 in Beijing, China, specializes in the design of application-specific integrated circuit (ASIC) chips for cryptocurrency mining. Their flagship product line, the Antminer series, positioned Bitmain as a dominant force in the Bitcoin mining hardware market. Kesher used our connections to invest in Bitmain in 2017 and exited with a profit in 2019.
Grassroots Cannabis is a vertically integrated multi-state operator in the cultivation and processing of high-quality cannabis products across several US states. SIB invested in Grassroots because we were impressed by their end-to-end licensing and approach. In 2020, Grassroots was acquired by Curaleaf, a publicly traded company.