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