Investing in digital, connected and automated supply chain and transportation technologies
Sente works with international startups, global corporations and early-stage investors to innovate and scale industrial technologies, materials and business models.
The program is designed to take early-stage international startups to scale-up via a hands-on, structured investment program using Sente's proven methodology, tools, mentors and networks, makes investments in the top prospects, and connects them with Sente's network of corporate partners, mentors and domain-focused investors.
The program is focused on early-stage companies with solutions in the following areas. Applicants are post R&D stage (MVP ready or < 6 months away).
Connected & Autonomous
Warehouses & Ports
FinTech for Logistics
AI & IoT
Program Agenda (subject to change):
Startups will be accepted on a rolling basis, where we will begin investment due-diligence immediately upon contract signing, while also giving startups access to our network, mentors, and events for a full 12 months.
Sente's proprietary due-diligence process, where startups collaborate with the Sente team on weekly deliverables to fully explore their market, business model, pricing, unit economics, scale-up economics and fundraising requirements
Technical due-diligence with LogisticsTech partners to evaluate technology and fit for pilot projects
Mentor meetings with logistics executives, entrepreneurs and transportation-focused VCs
Finalization of due-diligence deliverables/process
Preparation and participation in virtual industry conference (including panels, virtual tradeshow booths, pitches and networking with industry, media, investors and startups)
Phase 2 begins when startup is selected for investment - which includes another 10 months of coaching, monitoring and connections as well as pilot projects with program partners and extended ecosystem of logistics, manufacturing, transportation and food industry partners
Startups will be eligible to attend our virtual and physical industry events, where participating startups will pitch their businesses and join in discussions with investors, corporate partners, all of whom will be focused and engaged on the topics of sustainability, waste management and circular economy.
This program is highly structured and is tailored to address the key challenges international startups face, such as:
Achieving focus and cutting through the noise of big, complicated industries
Creating a sales & marketing plan to have meaningful conversations with customers in new markets
Collaborating with heavy hitters in the manufacturing, transportation, logistics, intermodal, infrastructure, communications and energy sectors
Estimating the required resources for market entry and scale up
Finding a friendly ecosystem to test commercial hypothesis
Getting access to growth funding and exit channels (e.g. IPO, acquisition)
For all participants:
Companies will receive hands-on guidance and support for building a proper business model, investor data room, and financial model
Companies will also have weekly deliverables that are structured in a way to provide iterative progress on business plans, economics models, go-to-market plans and pitch decks that are investor-ready
Corporate partners and industry mentors will be matched with startups to evaluate their potential, design potential pilot projects and get coaching on their business
Domain-focused investors will conduct workshops and 1:1 sessions to help prepare startups for fundraising
Selected startups will receive US$75,000-100,000 cash investment (in the form of a SAFE note converting to equity in a future qualified financing round) and option for follow-on investment (depending on performance) of $250k+
In return for participating in the program, startups will grant an option (warrant) to Sente to invest for up to 2.5% shares in the future, priced at current valuation
Sente will provide a full 12 months of hands-on support and access to its partners and network (and continues to support our startup family long after the formal program is complete)