Led · Seed · Jan 2022

Aurenity is a newly launched tech-enabled MGA focused on the Excess & Surplus (E&S) market, combining underwriting analytics and AI to inform technical pricing. It targets Casualty and Professional Liability lines where market price and technical price diverge and demand outstrips supply. The company plans to announce its first product in Q1 2022 and will invest in cutting-edge AI to capture broader E&S opportunities. Aurenity aims to deliver sophisticated risk insight and portfolio management tools to drive sustainable profitability for carrier partners and better underwriting decisions for brokers. Leadership includes CEO Nick Davies and COO Patrick Safino, both with insurance and data/pricing analytics backgrounds. Financially, the venture received a $10 million seed investment from Agman to fund initial operations and technology development.

Led · Equity · Oct 2021

CoinList is a trading app for new digital assets that launched in 2017. The platform has been used by projects such as Solana, Mina, Algorand, and Flow to distribute their tokens. The company said it focused its fundraising in fast-growing regions in Asia, Europe, and the Middle East. It raised $100 million in its latest funding round at a $1.5 billion valuation and said it will use the funds to scale its services and better support its community. Crypto trading on the app surged in 2021, with monthly trading volume increasing to $1 billion. Its global user base grew more than 40-fold in the past 12 months to 4.5 million accounts across 170 countries. CoinList operates a technology platform that helps digital asset companies manage token sales and gives accredited investors a place to discover projects. Its infrastructure handles components of token offerings, including ComplyAPI services for AML/KYC checks and investor accreditation verification under U.S. securities laws. The company has processed more than $400 million since mid-2017, hosts thousands of accredited investors on the platform, and supported Filecoin’s $205 million 2017 token sale. CoinList plans to use new funding to grow compliance, operations, engineering, product, and sales teams, to support existing products, and to launch new product lines. Launched in 2017 by CEO Andy Bromberg, the company is headquartered in San Francisco.

Participated · Series B · Sep 2021

Omaha National is a tech-enabled provider of workers’ compensation insurance that uses proprietary software to support its operations and claims handling. The company offers AM Best A (Excellent) rated workers’ compensation coverage through more than 2,500 agencies. Since launching in 2016 it has grown to more than 200 employees and over $140 million of in-force premiums. Omaha National positions itself as a full-stack carrier serving small to mid-size businesses with higher workplace injury risk. The company says it is strengthening its balance sheet to better serve clients and to pursue financial strength ratings. Management is building out the firm’s capital structure to match its long-term development plans. Omaha National combines proprietary software with an experienced team to provide workers’ compensation insurance and payroll services focused on small to midsize employers. Founded in 2016, the company leverages technology to improve claim outcomes, provide care to injured workers, and reduce unnecessary costs. It offers AM Best A (Excellent) rated workers’ compensation coverage through more than 2,500 agencies. Since launch it has grown to more than 190 employees and over $120 million in program premiums. Omaha National plans to continue expanding its advanced proprietary software and is transitioning to operate as a direct insurance writer.

Participated · Equity · Jul 2021

Notch provides an end-to-end back-of-house software platform that automates order management, bill and invoice reconciliation, and payment processing for foodservice businesses. The company partners with restaurant groups such as Oliver & Bonacini Hospitality and wholesale distributors like The Butcher Shoppe to bring operations online. In late 2022 Notch rolled out an Accounts Receivable solution for wholesale distributors to automate collections, and in Q1 2023 it plans to release an AP manager to move supply-chain payments online. The platform enables restaurants across North America to move off cash and cheques and pay vendors through the Notch system. As part of its product push, the company restructured its team and hired new heads of marketing, operations, and sales. Notch intends to use recent funding to ramp up sales and marketing and accelerate geographic expansion. Notch is a Toronto-based provider of online restaurant supply-chain software that digitizes the paper-driven wholesale food ordering process for restaurant chains and food brands. Its platform currently includes Notch Marketplace, used by nearly 1,500 restaurants across North America to shop and price-compare more than 100,000 wholesale food SKUs, invoice, track orders, receive real-time inventory updates, and forecast. Notch is developing Notch Pay, an automated payment and collection solution for restaurants and distributors. Led by CEO Jordan Huck, the company serves restaurants and distributors in the Greater Toronto Area, Chicago, and Texas (Houston, Dallas, San Antonio and Austin). The company plans to use the new capital to accelerate growth, expand further across North American restaurant chains and food brands, fund ongoing innovation, hire and retain talent, and continue U.S. expansion. The article reports the company raised $10M in funding to support these initiatives.