Fourth Quarter 2021 Review

Since launching the Rhea Fund in May, we have seen an acceleration in deal flow and a marked increase in the quality of Founders and projects for us to review. We continue to attract early-stage companies with solid traction in the market and with at least one established sales channel. I am pleased with the reach and range of our funnel, and we are attracting deals from across all geographies, with 33% of the pipeline coming from our referral network of VCs and top accelerators.

Additionally, we are seeing a mix of about 40% women and people of color Founders make it to the critical deal review meeting. Valuations continue to increase for seed rounds; most deals with market traction start with a range of $5m to $10m minimum pre-money. Our team is learning and adapting, and our process continues to be highly differentiated and responsive. 

Thank you for your continued support.

-Jim Stallings, General Partner

Rhea by the Numbers

Rhea Fund Invests in RYZE Superfoods

Rhea Fund Invests in Hazlnut

Laurence Anderson

Laurence Anderson is a Global Chief Executive Officer with extensive start-up, publicly traded, and private equity experience in the energy & power generation sectors. He has a proven track record of leveraging innovative and strategic approaches to customer services, leading and developing executive & management teams, and delivering results aligned with business imperatives. In addition to co-founding and eventually selling an entertainment-based power generation business, Anderson has worked in several senior leadership positions at major companies. His background in the energy and power generation sector includes vice president roles at GE Power Systems (GE Energy) and Alstom Power.

Most recently, Anderson co-founded APR Energy and held the positions of president, chief operating officer, and chief executive officer. Over a 12-year period with APR, he negotiated multiple capital transactions and business acquisitions which helped to facilitate significant growth and ultimately a Public Listing in 2011.

PS27 Community Engagement and Social Impact

Fund Manager Chris Byers attends Lutheran Services Innovation Challenge as a Judge and Prize Sponsor.

PS27 Sponsors 5000 Role Models Field Trip.

PS27 Sponsors the Jacksonville Museum of Science and History as a Discovery Contributor and Dinner Sponsor.

PS27's Business Analyst, Anuj Dalal, and Intern, Nick Guerrero attend Florida Venture Forum Early Stage Venture Capital Conference.

PS27 Director of Communications Christine Caven speaks to the University of Florida Innovation Academy.

PS27 Foundation Board Member and Yac Co-Founder Jordan Walker Speaks at Synapse Orlando Innovation Conference.

Over 200 Founders Attend PS27 Leadership Day and Startup Abilitare Takes Home $10K