Connecting Harvard Alumni who are Interested in Investing in Early‑Stage Companies on an Individual Basis with Potential Investment Opportunities

Syndication via HBS Angels was a big success for Smoodi, an automated, self cleaning smoothie maker which incubated at the Harvard i-Lab. HBSAA Boston President John Reichenbach spotted the potential for Smoodi to be the Keurig for smoothies, mentored the founders, and subsequently invested. Smoodi raised $50k from HBSAA Boston, and another $510k from syndication to other HBSAA chapters.  Investors included  Alvaro Rodriguez from FCP Ventures. This raise of $765k will fund expansion as Smoodi targets convenience stores, universities, retail locations and offices. The ability to offer a limited-touch, healthy snack in a category defining format sets Smoodi apart in the marketplace.

Pascal Kriesche, CEO and co-founder says “John believed in us early on and suggested to pitch to the HBS Angels Global Syndication that was fundamental in getting us oversubscribed quickly even as COVID lockdowns were in place. We are glad and fortunate that through the HBS Angels community we have brought on board an incredible set of new investors that can open doors for us and contribute with their specific expertise far beyond the investment itself.”