Participated · Seed · Nov 2021

hai builds an eco-minded, smart showerhead system that uses embedded turbines (based on hydroelectric principles) to generate energy from running shower water. The harvested energy powers customizable LED indicators, water-tracking features, a Bluetooth-connected companion app, and over‑the‑air updates for ongoing feature additions. The product was developed by Caravan in partnership with Creative Artists Agency (CAA) and is sold at gethai.com and Bed, Bath & Beyond. Led by co‑founder & CEO Leah Stigile and Leonard Brody, the company plans to expand its retail presence nationwide and accelerate growth across new product lines such as infusions (aromatherapy, hair and skin treatments) and filtration as add‑ons. Hai will also extend technological development into sensors, energy generation improvements, and new spray technology. The company raised $6M in a seed financing to support these initiatives.

Participated · Series B · Nov 2019

Bungalow is a San Francisco-based residential real estate marketplace focused on roommate living and whole-home rentals. The company handles roommate matching, furnishings for common areas, rent and utilities payments, and service requests to reduce rental friction. It also aims to build community among residents through its network. Founded in 2017 and led by CEO Andrew Collins and COO Justin McCarty, Bungalow currently has more than 3,000 housemates in hundreds of homes across 16 U.S. markets. The company plans to expand into five additional cities by the end of 2021 (Miami, Tampa, Atlanta, Houston and Phoenix) and will use the new proceeds to expand operations and business reach. Financially, the company has raised over $150M to date following this recent round. Bungalow operates a co‑living marketplace that renovates and redecorates existing housing stock, matches vetted roommates, and manages fully rented homes and apartments. The company targets early‑career professionals who need affordable housing in high‑cost metro areas. Since launching, Bungalow has expanded into multiple U.S. markets and now serves more than 3,200 residents across 730 homes in 10 markets. The company says it is on track to scale to more than 12,000 residents by the end of 2020 and plans to roll out new technology capabilities as it expands into three additional major metro areas in 2020. Bungalow launched in 2017 and has grown through venture funding to support its operational expansion. Its model combines property renovation, roommate matching, and full property management to address underused, outdated housing supply. Bungalow operates a co-living platform that leases homes from homeowners as the master tenant (typically three-year leases) and rents the properties on a room-by-room basis while guaranteeing occupancy to homeowners. The company furnishes common spaces and bundles utilities, Wi‑Fi and housekeeping into monthly rent, and runs member events to build community. Bungalow vets residents with credit and background checks and requires interviews with existing residents before move-in. The company says its rooms are roughly 30–40% cheaper than a studio and highlights faster move-in timelines (some same-day, average search 10–20 days). As of the article, Bungalow operated 200 properties across seven U.S. markets with about 750 residents. Over the next 6–12 months it plans to launch in up to 12 new U.S. markets and hopes to expand outside the U.S. the following year.

Participated · Series D · Jul 2019

Sonder provides stylish, fully furnished apartments and short- to long-term rentals outfitted by an in-house design team, with most units offering kitchens and in-unit laundry and app-based check-in, service requests, and local tips. The company emphasizes contact-free service and flexible pricing aimed at month-plus stays and launched an extended-stay initiative in March to meet rising demand. Sonder manages its own supply chain—pre-vetted furniture assortments, merchandising and sourcing teams, and company warehouses—to maintain consistent design quality and enable rapid installation and shipping to properties. During the pandemic Sonder reported occupancy rates of about 80%, which the company says is significantly above the industry average. It implemented elevated cleaning and safety standards based on WHO and CDC guidance with input from the Cleveland Clinic. The company has used recent fundraising to continue growing thoughtfully and adding new properties. Sonder operates and leases hotel‑style properties and serviced apartments that are furnished and include curated furniture, art, essentials, and phone/text concierge support. Its spaces feature dining areas, living spaces and extra bedrooms designed for travel and urban living. The company currently manages over $2.3 billion of projects spanning mixed‑use, residential, serviced apartment, apart‑hotel and hotel assets across many cities including San Francisco, New York, London and others. Founded in 2012 and co‑founded by CEO Francis Davidson and Lucas Pellan, Sonder operates thousands of spaces. The company intends to use new funding to expand operations. Following the recent round the firm was valued at over $1 billion. Sonder directly maintains and offers well-designed apartments for living that include kitchens, large spaces and services such as maid scheduling and mini-bar menus. Each apartment is uniquely customized to reflect its neighborhood environment. The company operates properties in Boston, London, Chicago, San Francisco, Los Angeles, San Diego, New Orleans, New York City, Miami and Montreal. Co-founded in 2014 by Francis Davidson and Lucas Pellan, Sonder is headquartered in San Francisco. The company has hosted more than 200,000 guests and was on track to reach $100M in revenue in 2018. At the time of the article it had raised $135M in total funding. Sonder is a peer-to-peer “hometel” rental service that manages a collection of houses, condos, apartments and boats for travelers. Each hometel must meet an accuracy checklist before joining the collection and bookings are instantly confirmed. The company provides 24/7 customer support and concierge services via email, phone and Facebook Messenger, addressing guest requests within minutes. At launch Sonder offered more than 500 hometels across six cities (Boston, Chicago, Los Angeles, San Diego, Montreal and Vancouver). It planned to expand into Miami, New York, San Francisco and Toronto later that year. Sonder raised $10M in a Series A (bringing total funding to $15M) and intends to use the funds to expand into new cities, enhance the guest experience and onboard key hires. The company is led by CEO and co-founder Francis Davidson and is based in Montreal and San Francisco.

Led · Equity · Jan 2018

Petros PACE Finance provides long-term PACE (Property Assessed Clean Energy) financing to U.S. commercial property owners. The firm finances energy efficiency, renewable energy, water conservation, and seismic upgrades for commercial, multifamily, and industrial properties. Petros is one of the specialty finance firms in the U.S. to dedicate all of its resources to the commercial PACE market nationwide. The company is led by Co-Founder and CEO Mansoor Ghori, Co-Founder and CFO Jim Stanislaus, and Tommy Deavenport. Petros is based in Austin, TX. It recently closed an equity financing to support nationwide expansion of its Commercial PACE (C-PACE) business.