Triton Funds
| File:TRITON FUND PICTURE.png | |
| Type of business | Private company |
|---|---|
Type of site | Venture Capital, startups, Private Equity |
| Founded | 2018 |
| Headquarters | La Jolla, California , US |
| Key people | Yash Thukral Sam Yaffa Nathan Yee |
| Website | https://www.tritonfunds.com |
Triton Funds is an American venture capital firm. Based in San Diego, CA, the firm manages assets totaling $25 million as of March 2018. Since its founding in 2018, TRITON has added 75 companies to its funds portfolio and grown into the largest student-run fund in the USA.[1]. Moreover, TRITON has provided thousands of hours of academic internship credit and community service alongside $2m in scholarship monies.[2]
History
TRITON FUNDS was founded in 2018 by Yash Thukral (a UC San Diego undergraduate). He created TRITON FUNDS with the intent of investing in and fostering the development of early-stage companies while obtaining academic internship credit.[3] Their investments are "mostly U.S.-based consumer product, internet technology, and life science companies considered to be ‘disruptive’."[4] Since its establishment, TRITON FUNDS is the largest student-run fund in the USA and is regularly included in the Top 5 most equity investors.[5]
About
Yash Thukral, Nathan Yee, and Sam Yaffa are the founders of TRITON FUNDS. In the Winter Quarter of 2018, TRITON FUNDS became the largest student-run fund in the US after officially launching.[3] Disclosed private backers pooled $25 million for TRITON FUNDS to launch and initially invest with.[5] TRITON FUNDS provides a resource for like-minded students to gain real-world experience in the financial field. Young adults learn real financial and basic work skills that can be used to further develop their professional careers from their time at TRITON FUNDS.[4] Mentors with years of industry experience help advise and guide the students who run the fund with valuable knowledge. The mutual partnership between the student and mentor is key to both parties' positive experience and knowledge gained.[5] TRITON FUNDS emphasizes a millennial perspective that gives them a chip on their shoulder to spot companies other funds may overlook. The fund emphasizes public life science and millennial-based companies and works with any company willing to grow and impact.[5]
Awards
- In March 2019, Sam Yaffa, Chief Financial Officer (CFO) received San Diego Business Journal CFO of the Year 2019 Award.[6]
- TRITON FUNDS has been recognized as one of the Top 10 Structured Equity Line investors for two consecutive years (2019 & 2020)[7][8]
Staff and Alumni
Team:
- Jared Alexandria
- Ashkan Mapar
- Arnold Nunez
- Casey Barraza
Legal Advisory Committee:
- Jeremy Glaser
- Michael Hedge
- Marc Indeglia
- Steve Rowles
Industry Advisor Committee:
- Juliette Cottrill
- Joseph Edelman
- Ryan Hodson
- Robert Koenisberger
Scientific Advisory Committee:
- Dr. Eric Adler, MD
- Dr. Steven Briggs, MD
- Lisa Conte
- Dr. Barry Greenberg, MD
- Dr. Brian Kolski, MD
- Dr. Louise Laurent, MD
- Dr. Howard Leonhardt, MD
- Dr. Kelly Tucker, MD
- James Wilkinson
- John Beck
- Daniel Torres
Cannabis Advisory Committee:
- Benjamin Esque
- Robert L. Hymers III CPA
- Dr. Mark Wallace
- Michael J. Correia
- Chris Boudreau
- Darren Gacicia
Academic Mentors:
- Haytham Allos
- Ed Baxter
- Neal Bloom
- Gianni Del Vecchio
- Ron Hudson
- Keith B. Jones
- Gordon “Rusty” Johnson
- Matthew George
- Erich Kavari
- Bryan Knox
- Steve Levkoff
- Joseph McKenrick
- David Moylan, ASA
- Eddie Omuse
- Ricardo Pena
- Justin Renfro
- William Romary
- Brett Roper(1953-2018)
- Emmy Sobieski, CFA
- Richard Sun
- Cuatro Tolson
- Dylan Weening
- Chris Wahl
- Matthew Young
- Wande Zhang
Alumni:
- Yash Thukral
- Sam Yaffa
- Nathan Yee
- Dmitriy Slobodskiy
- Aatang Bingana
- Joe Cretella
- Rahel Hintza
- Rupinder B.
- Michael Mason
- David Rubalcava
- Darian Chan
- Alec Wilson
- Chirayu Jain
- Xavier Indeglia
- Loi Nguyen
- Zhiyao Li:
- Nathan Fagan
- Marcos Beltran
- Ellen Jurgens
- Jordan Lim
- Selin Bashelvaci
Portfolio
TRITON FUNDS venture capital portfolio includes: Lime, AtYourGate, The Faction Collective, RESQ Pharmaceuticals, and Peabody.[9] On May, 2018 Invest $2 million in seed funding round AtYourGate.[10] TRITON FUNDS becomes one of the investors for Lime (transportation company) in Series C rounds with an amount raised of $335 million.[11]
TRITON FUNDS Public portfolio includes:
| Investment Date | Public company[12] | Ticker symbol | Location | Sector[13] | Notes |
|---|---|---|---|---|---|
| April 09, 2018[14] | APT Systems, Inc. | APTY | San Francisco, CA | Professional, Scientific, and Technical Services | |
| April 23, 2018[15] | DigitalTown, Inc. | DGTW | Blaine, WA | Professional, Scientific, and Technical Services | |
| June 21, 2018[16] | eWellness Healthcare Corporation | EWLL | Fort Lauderdale, FL | Health Care and Social Assistance | |
| July 11, 2018[17] | iFresh Inc. | IFMK | Long Island City, NY | Retail Trade | |
| July 13, 2018[18] | American Battery Metals CORP | ABML | Incline Village, NV | Agriculture, Forestry, Fishing and Hunting | Change of name from Oroplata Resources, Inc. to American Battery Metals CORP[19] |
| August 28, 2018[20] | XSport Global, Inc. | XSPT | Charlotte, NC | Professional, Scientific, and Technical Services | |
| September 30, 2018[21] | Canna Corporation | CNCC | Sunrise, FL | Information | Change of name from Mining Power Group, Inc. to Canna Corporation[22] |
| October 16, 2018[23] | BioLargo, Inc. | BLGO | Westminster, CA | Manufacturing | |
| February 1, 2019[24] | Acacia Diversified Holdings, Inc. | ACCA | Silver Spring, MD | Manufacturing | |
| March 12, 2019[25] | Vision Hydrogen Corp | VIHD | Jersey City, NJ | Utilities | |
| March 29, 2019[26] | NovaBay Pharmaceuticals, Inc. | NBY | Emeryville, CA | Manufacturing | |
| March 29, 2019[27] | Vitalibis Inc | VCBD | Las Vegas, NV | Finance and Insurance | |
| April 11, 2019[28] | Investview, Inc. | INVU | Eatontown, NJ | Professional, Scientific, and Technical Services | |
| April 11, 2019[29] | Social Life Network, Inc. | WDLF | Englewood, FL | Professional, Scientific, and Technical Services | |
| August 29, 2019[30] | GrowLife, Inc. | PHOT | Kirkland, WA | Manufacturing | |
| December 19, 2019[31] | Green Hygienics Holdings Inc. | GRYN | Poway, CA | Agriculture, Forestry, Fishing and Hunting | |
| January 24, 2020[32] | Therapeutic Solutions International, Inc. | TSOI | Oceanside, CA | Manufacturing | |
| February 20, 2020[33] | ImageWare Systems, Inc. | IWSY | San Diego, CA | Information | |
| March 11, 2020[34] | Simplicity Esports and Gaming Company | WINR | Boca Raton, FL | Arts, Entertainment, and Recreation | |
| May 11, 2020[35] | GreenBox POS | GBOX | San Diego, CA | Administrative and Support and Waste Management and Remediation Services | |
| June 08, 2020[36] | iQSTEL Inc. | IQST | Coral Gables, FL | Information | |
| July 9, 2020[37] | Comstock Mining Inc. | LODE | Virginia City, NV | Mining, Quarrying, and Oil and Gas Extraction | |
| July 27, 2020[38] | SunHydrogen, Inc. | HYSR | Santa Barbara, CA | Manufacturing | |
| August 10, 2020[39] | CANNAPHARMARX, INC. | CPMD | Calgary, Canada | Manufacturing | |
| October 22, 2020[40] | Datasea Inc. | DTSS | Beijing, China | Information | |
| October 26, 2020[41] | NuZee, Inc. | NUZE | Plano, TX | Manufacturing | |
| December 23, 2020[42] | B2Digital, Inc. | BTDG | Tampa, FL | Arts, Entertainment, and Recreation |
Partners
- BDO LLP
- Center for Medical Cannabis Research(CMCR)
- Indeglia PC
- K&L Gates
- Mintz
- Morrison Foerster
- Nav
- Nex3
- Raymond James
- Wefunder
References
- ↑ https://www.nasdaq.com/press-release/nascent-biotech-receives-one-million-dollar-commitment-from-triton-funds-lp-2019-09]
- ↑ Blockchain, RocketFuel (March 3, 2021). "Triton Funds to Invest up to $2.3 Million in RocketFuel". GlobeNewswire News Room.
- ↑ 3.0 3.1 Deng, Timothy (May 5, 2018). "TRITON FUNDS: Creating the Pipeline to Finance".
- ↑ 4.0 4.1 https://csunshinetoday.csun.edu/business/csun-student-creates-25-million-investment-capital-fund/
- ↑ 5.0 5.1 5.2 5.3 Lytle, Jamie Scott. "Triton Funds Is All About Gains". San Diego Business Journal.
- ↑ Chodos, Barb (11 March 2019). "Letter from the Publisher" (PDF). San Diego Business Journal: 25. Retrieved 15 March 2021.
- ↑ "PlacementTracker Publishes 2019 PIPE and Private Placement Markets League Tables". prnewswire. Retrieved 29 March 2021.
- ↑ "PlacementTracker Publishes Q1 2020 PIPE and Private Placement Markets League Tables" (PDF). placementtracker.
- ↑ [1] Portfolio. Retrieve on April 1, 2021.
- ↑ [2] AtYourGate Raises $2,000,000 in Seed Funding, Bolstered by TRITON FUNDS, Retrieve on March 1, 2021.
- ↑ [3] Lime funding rounds, valuation and investors.
- ↑ [4] SEC website, Company search.
- ↑ [5] NAICS & SIC Identification Tools.
- ↑ "Purchase Agreement". Law Insider.
- ↑ "Purchase Agreement". sec.
- ↑ "Purchase Agreement". sec.
- ↑ "Purchase Agreement". Law Insider.
- ↑ 2018-07-18, EX-10.1. "Purchase Agreement". Fintel.
- ↑ "Company Profile". sec.
- ↑ "Purchase Agreement". sec.
- ↑ "Purchase Agreement". Law Insider.
- ↑ "Company Profile". sec.
- ↑ "Form 8-K". sec.
- ↑ "Purchase Agreement". Law Insider.
- ↑ "Purchase Agreement". sec.
- ↑ "Purchase Agreement". sec.
- ↑ "Form S-1". seekingalpha.
- ↑ "Purchase Agreement". Law Insider.
- ↑ "Purchase Agreement". sec.
- ↑ "Purchase Agreement". sec.
- ↑ "Purchase Agreement". sec.
- ↑ "Form S-1". sec.
- ↑ "Purchase Agreement". Law Insider.
- ↑ "Purchase Agreement". sec.
- ↑ "Purchase Agreement". sec.
- ↑ [6] marketscreener
- ↑ "Form 424B5". sec.
- ↑ "Purchase Agreement". Law Insider.
- ↑ "Purchase Agreement". sec.
- ↑ "Purchase Agreement". Law Insider.
- ↑ "Purchase Agreement". Law Insider.
- ↑ "Purchase Agreement". Law Insider.
External links
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