Congratulations Cake, co-op commerce, Frame and House of Wise, Fund Update

Dear Sugar Capital Community,

It's been an exciting month for our portfolio with several of our companies grabbing headlines.

Co-op commerce completed their $5.8M Seed round of funding, led by Sugar Capital with participation from Shopify and Bessemer Venture Partners. This was a follow-on to our Pre-Seed investment last fall.

Cake, Frame and House of Wise also formally announced their financing rounds earlier this month. See below for more details. Congratulations to all!

June was also a great month for Sugar Capital as we completed our second formal close on June 30th. Thank you and welcome to all our new investors.

See below for more updates and visit sugarcap.com to see our full portfolio.

Portfolio News

Cake Sex Sells, But How Well? The Viability Of Venture-Backed Sex - Forbes

Cake Sexual Wellness Brand Cake Puts Cherry On Top Of National Retail Launch With $4M Seed - Crunchbase

Cake Sextech startup sales of lube and lingerie are exploding as hot vax summer takes off - Insider

co-op Co-op raises $5.8M to help online merchants land customers for less - TechCrunch

co-op Co-op CEO Conner Sherline discusses fundraise - On Deck

Frame With $3M Seed, Frame streamlines finding a therapist and builds a one-stop shop for private practices - TechCrunch

House of Wise - House of Wise CBD Raises $2 Million - WWD

Industry News

TikTok wants to be LinkedIn for Gen Z, launches TikTok Resumes for video job applications - Insider

Trump is suing Twitter, Facebook and YouTube over censorship claims - TechCrunch