DraperU Ventures

We’re investing expertise, capital and our network to accelerate businesses and bring bold ideas to life. Acceleration Capital: A catalyst for change Acceleration Capital is for the long run. Real growth takes more than a one-time investment. It needs a partner who’s there for the ups, the downs, and everything in between. The boldest ideas need patience and vision to see things through, and a team to do the same. Acceleration Capital finds growth in unlikely places. Exciting opportunities aren’t always in front of us. We explore the left-field and the overlooked corners, spotting hidden potential. Acceleration Capital scales through process, frameworks and rigour. The opportunity is just the spark. Acceleration Capital knows the journey inside out. Bringing experience from a proven track record of building and scaling businesses and working through the day-to-day challenges that lead to success. Our valuesReimagine the box: Anti-status quo is in our soul. We seek out fresh and effective approaches to build from solid foundations. We bring in diverse people, partners and perspectives to step into new ways of thinking. People who can challenge the team with clarity and respect will thrive in our culture. Connect the dots: We spark ideas off each other and bring an experimental approach to what we do. We’re at our best when all the individual parts come together into new opportunities. We look for team members who can focus on what matters now to create impact for the long term. Be like bamboo: Our flexibility builds resilience. In the face of challenge and uncertainty, we grow from strength to strength. We’re pragmatic in a way that doesn’t impede our pace and progress. We want people who embrace every opportunity to grow themselves, our culture, and our business. Deliver the exceptional: Collectively, we want to achieve results that make us proud. Everyone has the responsibility to create an environment where we can deliver better and play to our strengths. We expect each other to look for opportunities to create more value for our business and the entrepreneurs we partner with. Why join Tsugu?A network of experts: You’ll bring your experience to work alongside our network of experts and successful entrepreneurs. Freedom to be flexible: We trust you to deliver and invite you to work in a way that works for your life. Grow as we grow: We’ll prioritise your professional development and focus on quality feedback. Be at the cutting edge: We’re at the forefront of the tech sector and reinventing the traditional investment model. Recognised and rewarded: We offer performance-led reward where everyone in the team shares in the win.

Partner for transitioning towards the growth stage. Our portfolio is formed by startups and Founders who share key values with us. Empower Sharing experience with Founders is a no-brainer. We enjoy cooperation with future leaders who are ready to shift their innovative businesses to the next level and still, stay open-minded toward ideas from outside. We believe in talents, who are capable to inspire and pursue their vision to others. Scale During collaboration we ensure that we share aligned vision, that great businesses are not only build on the disrupting idea but also are result of global ambitions, constant process streamlining and accommodation of fast growth. Your success is our success. Trust We aim to facilitate growth through continuous support, right connections and genuine partnership. We are persuaded that the biggest added value is created when Founder and Investor share core values of transparency and realizing that we both stand at the same side.

Lewis & Clark Ventures was founded by former founders and operators to support the tech ecosystem. We’ve built venture-backed companies and have navigated the terrain of going from idea to exit multiple times. We are excited to partner with dynamic founders them on their journey to build successful companies. What We Look For Stage | Sectors Late seed through Series A and are sector agnostic technology investors. Investment We typically invest between $2M - $3M in our initial investment, but have flexibility in either direction. Between The Coasts We seek to fund companies in geographies that are overlooked by coastal venture funds Market Large opportunity, with high growth potential. Founder | Team We look for founders that have a big vision, a bold idea, and a strong ability to build and lead a great team - an exceptional founding team with either previous startup experience, domain expertise, or are very close to the problem they’re solving. Role We prefer to lead investments, but this is not always a requirement. Market-Fit We look for rapidly accelerating growth metrics and lean toward a minimum of $500K - $1M in revenue. Customers Companies that are establishing strong product-market-fit through close customer relationships, and are beginning to demonstrate a consistent go-to-market process. Mission To partner with visionary founders to build iconic companies between the coasts. Our Ethos Empathy As former founders, we are rooted in understanding and supporting the founders’ journey. People who embark on this journey command our respect. Execute We take pride in doing great work and care about the details. Initiative is in our DNA and we always have a bias towards action. Navigate The path to success and significance is rarely a straight line and decisions are rarely black and white. We believe in navigating the complexity of startups with our experience to accelerate growth. Shoot Straight As partners for the long term, we believe an open, transparent and candid communication style, based on mutual respect and trust, is the best way to communicate and achieve the best results. Smart Growth We believe in smart growth, not growth at all costs. We work with founders to build sustainable, enduring companies, combining rapid growth built on a foundation of strong fundamentals. True Partners We believe that the people you surround yourself with make the difference in life. We work with people we respect, that challenge us to dream bigger, and that we enjoy spending time with. We support each other and win as a team.

We are an investment holding company with a long-term vision. Do not confuse us with an investment fund: our approach is different. We invest early and stay close to our founders through the turbulent first years. Naturally, we do not want to be forced into selling our shares once things start getting better and want to keep an ability to adapt our exit strategies and timelines to the reality of our portfolio companies. We are hands-on investors Our entrepreneurial backgrounds enable us to provide our entrepreneurs with insightful feedback and mentoring. Building a company is a tough journey, and founders are not omniscient. It is our job to help them learn and avoid mistakes.

We follow a repeatable process - defining a hypothesis, researching and testing it vigorously, assembling the world class team to build a product, iterating the solution to find product-market and go-to-market fit, and then hatching and scaling breakthrough businesses. We build companies primarily based on our own ideas and with our infrastructure and initial teams. As such, we can grow businesses faster and have a much higher success rate. We’ll Get There by… Obsessing over our customers We build insanely great products that make our customers’ lives better. We provide a perfect customer experience - every time. We build diverse teams to ensure our products and services reflect the perspectives, experiences, and needs of all our potential customers. Empowering our team of Experts We attract best-in-class talent across a variety of disciplines, that share our mission, motivation, and sense of purpose, to form great teams. We give each other high trust and high agency. We speak directly to each other and are grateful for feedback. We are dynamic is how we place talent into new challenges and evolving opportunities across the portfolio. We will build a positive, motivating, high-performance culture. Leading with a bias for Impact We solve challenging problems at unprecedented speed. If we can’t find a way, we make a way and battle through, around and over obstacles. Our immediate reaction is to help and we default to “yes”.