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SeventySix Capital invests in kwik
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SeventySix Capital is pleased to announce its new portfolio company - kwik, an Internet
of Things (IoT) service that allows consumers to re-order their favorite products
at the push of a button.
kwik raised a $3 million round of seed funding and SeventySix Capital invested alongside
of Norwest Venture Partners, Plug and Play, Correlation Ventures, Ecosystem Ventures,
and other institutional and private investors.
Kwik is headquartered in Sunnyvale, CA and has R&D in Tel Aviv, Israel and is currently
working with consumer brands such as Domino's, Budweiser, and Huggies. The company
will use this investment to accelerate market availability via business development
with brands, retailers, and home delivery services across the United States.
"Jon Powell and I are excited about this investment on several levels," said Wayne
Kimmel, Managing Partner, SeventySix Capital. "First, we believe that kwik aligns
with the thesis of our fund of investing in companies that are focused on the convergence
of the physical and digital worlds. Second, we are impressed with CEO (Ofer Klein)
who was introduced to us by Daniel Czertok of Comcast while we were in Israel in
April, and his team's accomplishments to date. Third, we believe that we will be
able to add significant value to kwik based on our relationship network in the consumer
and retail industries."
"kwik has the potential to fundamentally change the relationship people have with
major brands," said Ofer Klein, CEO, kwik. "As the very first open 'click and deliver'
service, we can work with any brand, retailer, payments processor, or delivery service,
making it possible for all brands to better understand the needs of and develop
deeper direct relationships with their consumers."
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SeventySix Capital [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBftw3gP-Hwz6vvVJy7qtZmzxX3nEc7yZuM2RA7HznJWss0eZVMSS4KdI8a6nt5RoKaDryl53RJFsAoylYlj-3KrCMCZHmwGE9ccg-UQFCKwybmZ5WkX6jbesNjaMaLwY0raQ==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]
Since 1999, SeventySix Capital has backed passionate, smart and nice entrepreneurs
of game-changing startup companies in the e-commerce, retail and healthcare industries.
Wayne Kimmel and Jon Powell are the Managing Partners of SeventySix Capital. Powell
is also the CEO of Kravco, a leading private real estate developer and property
management company that developed the King of Prussia Mall.
SeventySix Capital's top exits include:

1. SeamlessWeb - acquired by ARAMARK now public as GrubHub (NYSE: GRUB)
2. Take Care Health Systems - acquired by Walgreens (NYSE: WAG)
3. NutriSystem (NASDAQ: NTRI) - top performing stock in the U.S. for 5 consecutive
years.
Intel, IBM and Yahoo! have also acquired SeventySix Capital's portfolio companies.
Some of SeventySix Capital's current portfolio companies include: AdWerx [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft6k1OFUMaKzPFqKRqYgvkdZjw0XGd8lXE5bzYeVyMiuuaed482aXraFVdVaKaubg0qJKQws1SK0mQy27bhGjq3wjzWayIJkOiWGGkWML0U6n-sNNb7VgLQA=&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==],
CareCam Health Systems [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft0VKp-K4V5M7rz-liC6pU9301xi9CKyMIjm8XOC0q1knOkYbZ6Ccgr7NIQQavCcDDT4BdfkApZhBoGeJE5el4eMVnddKrOXzpXdhAtcGk-SqcrSAiDLMEzBopq6Q0fE1JA-oZYUZjH-c&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==],
Dwolla [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft5614vE_YdJOrN63eU5MlU9_-Cm1JgIFfqcThF9FYktnIlwX4OlExPWgOrjQ_3pPxB5awlC-AFWyfHoWuHOg9wUtz1WB7S3Zx2F9kTH5jJ3D1m8bD5TWze0=&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==],
Indiegogo [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBftwQAYp-ZLNXB13EZAkObBV5jqlKQfkDOWs6g5Cxkhh9Q7j3bp0ITRKllHBrXoZRg5syN_mfkPTTZdnPd012_5l_UgApdEJTRdhI0N74MD5qQ8nEKLYAGm-f1AootXRSQJA==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==],
Lindi Skin [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft2dQNcfnLDMJxKL6KUz5Zx6LET5yqDwIYwa_9_2HlVNQdu1Rgl2c0hGXdXS5QtTB3SrxIyET0oTSdYe-HqFUiP6l3z8zq6l7LJCZFWaB_fLBYaYEogr1xg0=&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==],
ReverbNation [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft5614vE_YdJO1SL5kJG1qg5RX5LWAIHbZ_7lMctYxpAgIX_HSU5R3n6V3STjINS6feL5EGeQ8iWmRzJdavmQElFQH-uiK8e_lMiLx0EW1etZz69YkUa46A8=&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==],
StartUp Health [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft2dxxJqoGzljO9hmsO5MbNHfZMMV6P4Os3Xi1NuU_ARhw3WunbmxhleP0Nzf3Wk7qeTFPnlx0PT-8WEeLbEf-qz1QrueCdw7WkCMOe-lgA5XE3vHQQxetcNPXQs2tLGTLg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==],
Thrive Commerce [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft5614vE_YdJOThHeRa23O8qA_Dm3GMeO1wgmbMvmNyDLwBvZYnXsvXYnXENg7ZvHHhlKhLuILyiMByyBc-K5jcoblJJ7Lw4ONZ6-AbVVf0PI6Z3OdmFBxaiBC9gJZXoDBg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]
and Whistle Sports [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft6pn77rXV2EO0m9boHTcxKPXtkmTCalc2x1B9QvxyiZLHdADy4eSnR8CVfTgsotsegPkoQh5-LMgvNgeExfmk9UeQnXFxwyQIR6iCd_cpftT1Pp7-tvjI5pPJLUuXKrf0g==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==].
The SeventySix Capital team is extremely active in the entrepreneurial and non-profit
communities around the world.
Recently, SeventySix Capital was instrumental in bringing a [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft_NfFXGlFy-E3Gp-AxDchpL1IS1T3FJ7IoUaFk4_4Sxk4x68aLG8Ls0g70dDQVYtWB5nEsKeazJLEW4HRMdOMc5e5q5LhE_vtXtovXaTTE74q_xl9ZZh6Fa0A5rbRjUfrg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]Microsoft
Innovation Center [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft_NfFXGlFy-E3Gp-AxDchpL1IS1T3FJ7IoUaFk4_4Sxk4x68aLG8Ls0g70dDQVYtWB5nEsKeazJLEW4HRMdOMc5e5q5LhE_vtXtovXaTTE74q_xl9ZZh6Fa0A5rbRjUfrg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]
to Philadelphia, PA through a partnership with the University City Science Center
and Wexford Science [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft_NfFXGlFy-E3Gp-AxDchpL1IS1T3FJ7IoUaFk4_4Sxk4x68aLG8Ls0g70dDQVYtWB5nEsKeazJLEW4HRMdOMc5e5q5LhE_vtXtovXaTTE74q_xl9ZZh6Fa0A5rbRjUfrg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]&
Technology. Kimmel describes the [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft_NfFXGlFy-E3Gp-AxDchpL1IS1T3FJ7IoUaFk4_4Sxk4x68aLG8Ls0g70dDQVYtWB5nEsKeazJLEW4HRMdOMc5e5q5LhE_vtXtovXaTTE74q_xl9ZZh6Fa0A5rbRjUfrg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]
Microsoft Innovation Center [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft_NfFXGlFy-E3Gp-AxDchpL1IS1T3FJ7IoUaFk4_4Sxk4x68aLG8Ls0g70dDQVYtWB5nEsKeazJLEW4HRMdOMc5e5q5LhE_vtXtovXaTTE74q_xl9ZZh6Fa0A5rbRjUfrg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]
in this [http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft_NfFXGlFy-E3Gp-AxDchpL1IS1T3FJ7IoUaFk4_4Sxk4x68aLG8Ls0g70dDQVYtWB5nEsKeazJLEW4HRMdOMc5e5q5LhE_vtXtovXaTTE74q_xl9ZZh6Fa0A5rbRjUfrg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]VIDEO
[http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft_NfFXGlFy-E3Gp-AxDchpL1IS1T3FJ7IoUaFk4_4Sxk4x68aLG8Ls0g70dDQVYtWB5nEsKeazJLEW4HRMdOMc5e5q5LhE_vtXtovXaTTE74q_xl9ZZh6Fa0A5rbRjUfrg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==].
[http://r20.rs6.net/tn.jsp?f=001hJLaBmM7f3aUNjLp2ks3xeJ-gJ11U5tkHajspUnL8gNGt6LJgzBft_NfFXGlFy-E3Gp-AxDchpL1IS1T3FJ7IoUaFk4_4Sxk4x68aLG8Ls0g70dDQVYtWB5nEsKeazJLEW4HRMdOMc5e5q5LhE_vtXtovXaTTE74q_xl9ZZh6Fa0A5rbRjUfrg==&c=kGAlpijc8_CJrdbDqhQjcJ4hsMS8AiBvA_iHa7LDCS5eFuhP4Sf0kw==&ch=pyMuj7vIhLODSTGqw9vXPhMZFjg8O9jpz6oslRl5LIfzwaAKlVQLqg==]
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