In July 2018, then governor of New York state Andrew Cuomo announced that the state would invest $25 million in an IndieBio facility in New York City.[6] In January 2023, SOSV opened a 30,000 sq. ft. IndieBio NY at 7 Penn Plaza in Manhattan.[8]
In December 2020, TechCrunch's former COO, Ned Desmond joined SOSV as senior operating partner.[9][10]
As of November 2021, SOSV has backed approximately 150 startups that are developing climate technologies, with a focus on the transport, supply chain, logistics, and agriculture sectors.[11][12]
The new 35,000 sq ft HAX office in Newark, New Jersey opened officially in April 2024.[13][14]
Investments
SOSV invests in startups that specialize in deep tech, including climate and health.[15][16][17] Notable companies within its portfolio include Opentrons, Formlabs, NotCo, Prolific Machines, unSpun, Neptune Robotics, Smartex, and BitMEX.[18][19][20][21][22]
In 2020, SOSV closed its fourth fund totalling $277 million.[23]
In 2021, SOSV closed a $100 million Select Fund.[2]
In 2024, SOSV closed its fifth core fund, totalling $306 million.[24]
Programmes
SOSV runs the following programmes:
HAX, a development program headquartered in Newark, NJ for startups focused on hard tech in categories including Industrial decarbonization, automation, robotics, and human health.[25][7]
IndieBio, a startup development program centered on life sciences and addressing human and planetary health, with offices in New York City and San Francisco.[26][27][21]
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