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      <image:title>News - Annual Investor Letter 2025 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:caption>Bavovna AI</image:caption>
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      <image:caption>Stanify</image:caption>
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      <image:title>News - Annual Investor Letter 2025 - Make it stand out</image:title>
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      <image:title>News - Investing in Blended Blue - Make it stand out</image:title>
      <image:caption>Source: Number of connected wearable devices worldwide from 2016 to 2022</image:caption>
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      <image:title>News - Investing in Glow (doFlo) - Make it stand out</image:title>
      <image:caption>Source: Number of connected wearable devices worldwide from 2016 to 2022</image:caption>
    </image:image>
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    <lastmod>2025-01-08</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/6ab75ab4-7e15-4582-a269-e44f4e66d5fa/Allied+Venture+Partners+Dealflow+Funnel+2024+compressed.png</image:loc>
      <image:title>News - Annual Investor Letter 2024 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/1733861138114-K1DDX9H18LXBNBPYFEKU/Vint-logo.png</image:loc>
      <image:title>News - Annual Investor Letter 2024 - Vint</image:title>
      <image:caption>Vint</image:caption>
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    <image:image>
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      <image:title>News - Annual Investor Letter 2024 - Rook</image:title>
      <image:caption>Rook</image:caption>
    </image:image>
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      <image:title>News - Annual Investor Letter 2024 - Bavovna</image:title>
      <image:caption>Bavovna</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/1733861175527-4K2KD95GW0AEZLC1QCSP/Trace-logo-white.png</image:loc>
      <image:title>News - Annual Investor Letter 2024 - Trace</image:title>
      <image:caption>Trace</image:caption>
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    <image:image>
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      <image:title>News - Annual Investor Letter 2024 - Innerlogic</image:title>
      <image:caption>Innerlogic</image:caption>
    </image:image>
    <image:image>
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      <image:title>News - Annual Investor Letter 2024 - Ediphi</image:title>
      <image:caption>Ediphi</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/1733861216409-PWRAUK3UW7WW9O3893C6/RetinaLogik-logo-black.png</image:loc>
      <image:title>News - Annual Investor Letter 2024 - RetinaLogik</image:title>
      <image:caption>RetinaLogik</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/1733862492263-GGXPKB1RY5JITDA6X56L/ShareSFR-logo.png</image:loc>
      <image:title>News - Annual Investor Letter 2024 - Share</image:title>
      <image:caption>Share</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/1733861937055-QQE22GLK84XARK9YNKD8/Stealth+Startup+Logo.png</image:loc>
      <image:title>News - Annual Investor Letter 2024 - Stealth</image:title>
      <image:caption>Stealth</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/233cfc80-f404-4e56-bd53-e9819e42562e/Allied-VC-Values.png</image:loc>
      <image:title>News - Annual Investor Letter 2024 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.allied.vc/news/investing-in-retinalogik</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-08-04</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/ad3333a5-e84c-4ab3-9483-e9cfbde36a26/RetinaLogik+vs+Incumbents.png</image:loc>
      <image:title>News - Investing in RetinaLogik - Make it stand out</image:title>
      <image:caption>Source: Number of connected wearable devices worldwide from 2016 to 2022</image:caption>
    </image:image>
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    <loc>https://www.allied.vc/news/allied-angels</loc>
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    <lastmod>2025-08-01</lastmod>
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    <lastmod>2025-06-09</lastmod>
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    <changefreq>monthly</changefreq>
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    <lastmod>2024-07-15</lastmod>
    <image:image>
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      <image:title>News - Innerlogic Closes $1.3M Seed Financing</image:title>
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    <loc>https://www.allied.vc/news/investing-in-ediphi</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-12-05</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/79797b62-97e6-41d4-8b97-c2012c112e80/Ediphi-How-it-works.png</image:loc>
      <image:title>News - Investing in Ediphi - Make it stand out</image:title>
      <image:caption>Source: Number of connected wearable devices worldwide from 2016 to 2022</image:caption>
    </image:image>
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    <loc>https://www.allied.vc/news/trace-pre-seed</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-07-05</lastmod>
    <image:image>
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      <image:title>News - Trace Raises $2M Pre-Seed Round</image:title>
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    <loc>https://www.allied.vc/news/investing-in-trace</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-06-17</lastmod>
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      <image:title>News - Investing in Trace - Make it stand out</image:title>
      <image:caption>Source: Number of connected wearable devices worldwide from 2016 to 2022</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/99124355-5b8e-4fa1-ba15-0ec9d21ac8ba/Apple-Impact-on-AR.png</image:loc>
      <image:title>News - Investing in Trace - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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  <url>
    <loc>https://www.allied.vc/news/annual-investor-letter-2023</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-12-12</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/e1034492-ac5c-4c90-8142-d902f52db90b/Allied-VC-Dealflow.png</image:loc>
      <image:title>News - Annual Investor Letter 2023 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/1703003138550-RX4XTWQN9QDQHM2E84EY/Autio-logo.png</image:loc>
      <image:title>News - Annual Investor Letter 2023 - Autio</image:title>
      <image:caption>Autio</image:caption>
    </image:image>
    <image:image>
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      <image:title>News - Annual Investor Letter 2023 - Rook</image:title>
      <image:caption>Rook</image:caption>
    </image:image>
    <image:image>
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      <image:title>News - Annual Investor Letter 2023 - Bavovna</image:title>
      <image:caption>Bavovna</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/1670955697001-A2ZEEJ97DJBI64252RKC/Tiliter-logo.png</image:loc>
      <image:title>News - Annual Investor Letter 2023 - Tiliter</image:title>
      <image:caption>Tiliter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/1670956079739-1SG9JLATD9R2BJ3LUEHN/GroWrk-logo.png</image:loc>
      <image:title>News - Annual Investor Letter 2023 - GroWrk</image:title>
      <image:caption>GroWrk</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/233cfc80-f404-4e56-bd53-e9819e42562e/Allied-VC-Values.png</image:loc>
      <image:title>News - Annual Investor Letter 2023 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.allied.vc/news/investing-in-bavovna-ai</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-06-09</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/cde36e83-9d08-4531-9019-d5e65b7bd3aa/Allied-Venture-Partners-angel-investors-GPS.png</image:loc>
      <image:title>News - Investing in Bavovna AI - Make it stand out</image:title>
      <image:caption>Source: Wired</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/2c54c8a2-28ac-41d3-9b8c-dd0c6d215a00/Allied-VC-angel-group-GPS.png</image:loc>
      <image:title>News - Investing in Bavovna AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5f1b40caf9e4f6151c0a41a5/4b42b3cb-9393-4461-826e-130e768f2075/Allied-Ventures-venture-capital-GPS.png</image:loc>
      <image:title>News - Investing in Bavovna AI - Make it stand out</image:title>
      <image:caption>Source: Shephard Media</image:caption>
    </image:image>
    <image:image>
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      <image:caption>Source: Number of connected wearable devices worldwide from 2016 to 2022</image:caption>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:caption>Source: Oberlo</image:caption>
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      <image:caption>Source: Uscreen</image:caption>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:caption>Source: Grand View Research</image:caption>
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      <image:caption>Source: Shipping &amp; Freight Resource DWT: Deadweight tonnage. Value: % of total shipping industry.</image:caption>
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      <image:caption>Note: Hardware, CPG, and other industries generally have much lower gross margins than software.</image:caption>
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