Investor Application for LG Technology Ventures
Great Conversation with Freddy – Excited to Meet the Team!

Bivek Adhikari

Tech Investor • AI/ML Engineer • Technical Founder
Berkeley Haas MBA • MS in Machine Learning, Northwestern University • BS in Finance & Computer Science

Track Record & Experience

Investment Experience

Supply Chain, Current

GroundForce Capital

Growth Investments, Series B+
  • Developed & executed Supply Chain thesis
  • Screened 200+ companies
  • Modeled returns: $10-40M checks; 2.5-4x MOIC, 25%+ IRR
  • Triangulated DCF, comps, and precedents for valuation
Transport, 1 Year

Autotech Ventures

Early-stage Investments
  • Incubated a startup-studio and built a home-grown startup
  • Sourced 35+ leads, using AI and robotics expertise
  • Evaluated moats, market size, scalability & valuation
ESG, 1 Year

Berkeley Haas SIF

Socially Responsible Investment (SRI) & ESG fund
  • Led $4.3M ESG portfolio (13.87% return)
  • Implemented scalability metrics & impact framework
  • Revised IPS to include regional concentration risks

Technical Expertise

FinTech/InsurTech, 3+ Years

ServicePower

Strategically chosen for a parallel & related startup quest
  • Drove $13M+ ARR, delivering AI/ML solutions to Fortune 100
  • Built 2 and deployed 5 SaaS products
  • Led 37+ member team across 14 firms
Robotics, 2+ Years

Monk Robotics

Startup Founder
  • Built 3 MVPs: autonomous mower-> sanitizing robots-> IoT
  • Rapidly adapted GTM & PMF amid COVID challenges
  • Achieved $12K in pilot ARR in manufacturing tech
Health Data & Chip Security, 2+ Years

Amida

Startup, Led Product Development & Technical Sales
  • Owned 2 health data products, led 13+ proposals
  • Built technical collateral to close $100M+ in TCV
  • Aided 23+ commercial deals, driving 100%+ YOY growth

Deal Network

Bay Area Ecosystem

  • Deal-share relationship wtih a broad network of investors, "Tier 1" to emerging funds
  • President, Haas Venture Capital Club
  • SVP, UC LAUNCH accelerator
  • Mentor, Bay Area startup founders
  • Integrated in AI Entrepreneurs of Berkeley, Skydeck, Aerospace, Robotics & Blockchain ecosystem at UC Berkeley
  • Active in Berkeley Haas & Stanford GSB network
  • Strong ties with Asian and Australian immigrant communities

Multi-Hub Network

  • Northwestern: AI/ML research network
  • DC, MD, and VA: Tech startup community
  • Florida: UF/UCF entrepreneurship hubs
  • Accelerators & Incubators, operators/talent network, competitor benchmarks, inbound through articles, sector-specific events/meetups, etc.
  • Thesis-based sourcing from industry network:
    • 800+ in Supply Chain
    • 300+ in Health Data
    • 1,000+ in AI/Data Science

Investment Focus & Market Opportunities

Industrial Systems

$13.80B
Collaborative Robots (Cobots)
$9.80B
AI-Powered Visual Inspection
Key attributes: Rigid programming paradigms, slow task reconfiguration, safety tuning friction, over-reliance on integrators, CapEx-heavy deployment, variable defect signatures, scarce labeled data, black-box model behavior, edge inference constraints, overfitting to lab conditions, fragmented image streams, long-tail defect edge cases.

Manufacturing & Value Chain Systems

$481.36B
Market Size
  • Intralogistics Robotics/Automation | $75.36B, 14.8% CAGR
  • On-Demand & Flexible Manufacturing | $285.8B, 21.5% CAGR
  • Cyber-Physical Security/Longevity | $72B, 10.2% CAGR
  • Digital Twin & Simulation | $48.2B, 58.3% CAGR
Key attributes: Manual material handling, AMR coordination issues, slow robot reprogramming, limited simulation tools, high prototyping scrap, fragmented systems, lack of real-time equipment data, underused capacity, reshoring compliance friction, interoperability issues, outdated MES integrations, energy waste, machine downtime, cybersecurity gaps.

Advanced Planning Systems & Mixed TMS

$252.70B
US Market Size | 15.22% CAGR
Global Markets: 3PL: $1.10T | TMS: $4.40B | WMS: $2.70B
  • Convergence of TMS, WMS, and 3PL systems
  • Real-time optimization & multi-modal planning
  • AI/ML enhanced warehousing & route optimization
  • IoT and blockchain integration

Health Data

$5.70B
2025 Market Size
  • FHIR-based solutions
  • Value-Based Care (VBC) initiatives
  • Clinical process & decision support
  • Back office operations solution
  • Data integration platforms

Personal Mission & Vision

Going where others won't and doing what others don't.
Not because others aren't, but because others should and yet, won't.

Distance Traveled

  • Rural Nepal to US: a journey that shaped me
  • Technical specialist to investor transition
  • Individual contributor and a manager, with/out direct authority
  • Founder & operator experience

Commitment to Excellence

  • Promoting underrepresented founders
  • Driving efficient and resilient global systems
  • Working with best-in-class talents
  • Adding a net positive value to startups

Thesis Deep-Dive

Investment Memos

Revenue CAGR

141%

Rapid Growth Path

Gross Margin

74.19%

Lucrative Model

Rule of 40

176%

Best-in-class

ARR Growth

$10.28M

Scaling Momentum

LTV/CAC

10x

Impressive Scalabiltiy comp:3-5x

Burn Multiple

-0.24

At Inflection Point

YoY Growth

121%

Consistent

Net Revenue Retention

130%

Customer Loyalty

Network Partners

5,000+

Ecosystem Growth

Implementation Time

9 days

Rapid Deployment

System Uptime

99.99%

Reliable Platform

Error Resolution

Real-time

Instant Support

Success Rate

100%

Seamless Integration

Partner Growth

156%

YoY

Transaction Volume

265M

Annual

Integration Speed

80%

Quick Connect

ARR per Customer

$33,043

Expanding Usage

ARR per Employee

$449,184

79% CAGR

Customer Growth

156%

CAGR

Revenue per Sales Rep

$1.6M

Trending Upward

Employee Attrition

7.5%

Stable

Integration Efficiency

80%

vs Legacy

Engineering Headcount

35%

Product Focused

Sales Headcount

21%

Growth Oriented

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