August started out with a number of interesting additions to the Top 10 list, including HeroX, which was founded as a means of democratizing the XPRIZE innovation model. XPRIZE, a highly-leveraged and highly-incentive prize competition, pushes the limits of what’s possible to change the world for the better.
HeroX is designed to enable anyone, anywhere in the world, to create a challenge that addresses any problem or opportunity. HeroX enables XPRIZE competitors to then build a community around that challenge and activate the circumstances that can lead to a breakthrough innovation. HeroX is also the first Top 10 investment from Israeli equity crowdfunding platform OurCrowd.
Another interesting top 10 investment, coming in at number 3, is Rani Therapeutics, a biotech firm that has developed a novel approach for delivering oral drugs that usually require painful injections. Rani Therapeutics is featured at length in the Zirra blog.