#2ndExit #PortcoAwards #40MAUM   As we approach #Thanksgiving in the US, really grateful for several milestones and notable wins within the Spark Growth Ventures family, especially given how challenging the last 12-18 months have been for the venture and startup ecosystems:   • Our portfolio company, PathologyWatch – one of the market leaders in the US digital dermatopathology space – has been acquired by Sonic Healthcare (ASX: SHL) for $150M. The transaction will close in a few weeks. More here: https://lnkd.in/gzuAc8sq   This exit is the culmination of 5+ yrs of 100 hour wks by the PW team to build a very impressive technology platform as well as an amazing commercial traction. As part of Sonic, which is a one of the global leaders in laboratory medicine/pathology, radiology & primary care medical services, with operations in Australasia, Europe and North America, PW will be able to make an even bigger impact in its mission of enabling better dermatopathology care using digital & AI tools.   Huge congrats to Daniel Lambert (his 3rd startup & 3rd exit in the last 13 years), Michael Torno, April Larson, Scott Mattivi as well as fellow board members (Austin Walters, Arjun Desai, Jeffrey Bazar, Rick Stratford, Florian Kainzinger).   Thanks Dan & the PW team for the opportunity of being a small part of your successful story and impact. We wish you continued success in the coming years as part of the Sonic family. And, thx again to Zack Zackrison for the original intro to Dan couple years back. -------- • This is our 2nd exit within 36 months of our 1st investment, ~38 months of launching SGV & with the avg. portfolio tenure of just 18 months so far. -------- • SGV reached $40M in gross deployed AUM few weeks back. Given we operate with a discounted fee model vs. the traditional funds, this is the equivalent of a gross deployed AUM of $42-45M. We also do not raise a large blind pool upfront over 12-24 months but have created a unique "no pre-commitment" model for raising and deploying micro-funds. Using our consistent track-record over the last three years (SGV was launched in Aug ’20 and made its 1st investment in Dec ’20), our equivalent committed capital base is ~$80-90M.   Big thanks to the ~1,350 community members, aligned founders, countless advisors and well-wishers who have made this happen. --------   • Our portfolio continues to make very impressive progress, including winning marquee awards, partnerships and completing value-added acquisitions. See details here: https://lnkd.in/gDxje4z8 Congrats to the teams at Placer.ai, Interos Inc, Redcliffe Labs, Good Face Project, Banjo Health, ARC Health, Humanly (humanly.io), Outsite, Terra Kaffe, Promaxo, Luna Physical Therapy, FidoCure® & Splitero on your continued momentum. -------- To all who are celebrating, #HappyThanksgiving in advance. .