Participated · Seed · Dec 2020

Modern Managed IT delivers managed IT services to small businesses, positioning itself as a low-cost alternative to in-house IT. Its core product is a fixed-price, tiered service for employees: Professional at $49 per employee per month and Pro Plus at $79 per employee per month, with varying support levels including server and compliance assistance. The company emphasizes five elements called the Modern Managed Way: no term contracts, transparent fixed pricing, full-time certified employees, dedicated account teams with direct phone access, and a money-back "Love Your IT or It's FREE" guarantee. It employs staff certified in Google, Microsoft, Amazon and other platforms and offers onboarding and online checkout with published pricing. Modern Managed IT recently closed a $1.0M venture investment and added its 100th customer while previously operating with pre-seed funding from Porthcawl Holdings. The company is headquartered in San Antonio, TX.

Participated · Equity · Nov 2016

FLASH provides cloud-born software and physical infrastructure that creates seamless customer experiences and connects operators, asset owners, and cities via a real-time marketplace for digital mobility. Its mobility operating system links parking, charging, transportation, and logistics with smart-city ecosystems and integrates with major automakers, mapping, navigation, and payment platforms. FLASH serves over 10,000 customer locations across the U.S. and Canada, processes more than 11 million parkers per month, and handles over $1 billion in annual transactions. Founded in 2011 and based in Austin, Texas, the company offers solutions including electric-vehicle charging, autonomous vehicle staging, and mobility-as-a-service. FLASH plans to expand its mobility OS and payments platform, extend digital services, and invest substantially in talent to support growth. FlashParking builds payment, monitoring and management software for parking-space providers, with its platform first launched in 2011. The company's software offers real-time data and variable pricing options and supports app-enabled parking and valet services. FlashParking positions its technology to extend to electric vehicle charging, vehicle servicing and cleaning, drone launch/landing and maintenance, and hubs for ride-hailing as part of a broader multi-modal transportation hub. CEO and co-founder Juan Rodriguez describes the platform as an operating system ready to support autonomous and robotic vehicle use cases. The company manages 30,000 parking spaces across 34 facilities in the Texas Medical Center and reports 6 million customers using its services each month. FlashParking says those customers generate around $1 billion in transaction revenue. Klever Logic provides a cloud-based parking platform—Flash Valet, FlashPARCS, and FlashMobile—that enables valet, gated, and mobile payments and lets operators manage revenue and operations from mobile, tablet, or desktop. Flash Valet originated as a cashless valet solution and led to the gated-parking product FlashPARCS after operator demand. The integrated platform delivers real-time data and a single system for operators while giving guests a mobile parking experience. In five years Klever Logic’s solutions run in over 800 venues domestically and internationally and process over 1.5M parked vehicles each month. The company plans to expand into property and hospitality management groups and into verticals such as Class A office buildings, hospitals, airports, and large event venues. Recent funding will support executive hires, scaling sales and marketing, streamlining operations, and a forthcoming brand evolution.

Participated · Series A · Sep 2012

Flash Valet provides cloud-based mobile management software that streamlines operations for valet and parking providers. Its platform lets providers track vehicles in real time, manage employee time and attendance (including payroll integration), accept curbside credit-card and mobile payments, and centralize communications and payments. The system offers real-time visibility from phones or any browser and aims to replace cash registers and paper tickets with mobile workflows. Flash Valet is available in over 50 locations across 13 cities in hotels, condos, restaurants and bars, hospitals, airports, arenas and shopping malls and expects to more than triple that footprint over the next two quarters. The company emphasizes limited upfront investment and a single-vendor solution to boost revenue and operational efficiency. Financially, Flash Valet has secured a $1.25 million Series A to support product development and market expansion.