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PORTFOLIO

COMPANIES

at the end of 2020

21

Average Valuation*

2018                2019                 2020

$4.0M      $11.6M     $12.6M

*Average valuation only includes companies with a set valuation.

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Vertical
Breakdown
43%  Energy
19%  Transport
14%  Water
 5%   Food
19%  Other
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Average Revenue

2018                2019                 2020

$95k        $530k        $239k

Revenue fell significantly from 2019 to 2020, likely due to the pandemic.

$1M

$800k

$600k

$400k

$200k

$0

2018

2019

2020

Total Funds Raised

2018                2019                 2020

$70k         $428k       $1.2M

What our teams lost in revenue was made up for with significantly increased funding, largely from private investment. Total funds raised grew almost 3x from 2019 to 2020. 

$1.5M

$1.2M

$900k

$600k

$300k

$0

2018

2019

2020

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Net Jobs Created

Although a few companies had to lay off employees due to the pandemic, overall we saw job growth across our companies with a net of 14 jobs added in 2020. 

14

Average TRL

The average "Technology Readiness Level" of our portfolio companies in 2020 is 6.6

6.6

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Environmental, Social, and Governance Impacts

In early 2019, we announced our commitment to environmental, social, and governance (ESG) reporting as a way to understand not only the near-term impact of our portfolio companies, but also the ability for them to create long-term value.

 

Since then, we’ve immersed ourselves in all things ESG. We’ve read every report and article we can get our hands on, spoken with the ESG leaders at several large corporations, compared notes with other organizations like ours, interviewed venture capitalists and large foundations, and worked 1:1 with our teams to solicit their input and unique ideas.

What we have learned is that everyone is learning together.

An essential component of making ESG data useful to everyone is establishing a universal framework that ensures more accurate and easily comparable data. Thankfully, several leading ESG frameworks are pledging to create a universal standard to do just that - and we’ll be one of the first adopters of this standard when it’s released.

 

In the meantime, there is plenty to do. Some of our companies already have impressive ESG data to share. Their technologies and projects are mitigating climate change and have the numbers to show it. Others are still determining the right calculations to make sure their numbers are meaningful and accurate.

 

In 2021, we will increase the number of portfolio companies reporting on their own impacts, and help them continue to improve the quality and quantity of their reporting.

Since the earliest days of Launch Alaska, we’ve committed to being open and honest about our results. Some of our earliest public reports were mostly zeros. Now that those zeros are no more, we are as committed as ever to continuing to tell an honest and open story about growth.

 

It’s a story we hope you’ll continue to help us write.

Does your company mitigate climate change?

All of our 2020 portfolio additions report that their product helps improve the environment or mitigate climate change, which bumped us up to 89% of our total portfolio.

100

80

60

40

20

0

2019

2020

82%
89%

Of those that report they improve the environment, 57% are currently tracking their environmental impact. This is up from 44% in 2019. 

100

80

60

40

20

0

2019

2020

44%
57%

Female & New Majority Executives

50% of our portfolio companies have at least one female executive, and 27% have at least one new majority executive.

 

This represents the % of companies with one or more female or new majority executives. Our goal is that 100% of our portfolio companies have at least one female and one new majority executive. Female and new majority representation needs monumental improvement within Launch Alaska and industry wide.

AT LEAST ONE FEMALE EXECUTIVE

50%

AT LEAST ONE NEW MAJORITY EXECUTIVE

27%