Participated · Series E · Sep 2022

VTS offers a multi-product commercial real estate platform (VTS Lease, VTS Rise, VTS Data, VTS Market) that delivers real-time market information and executional capabilities for landlords, brokers, and tenants. The platform captures the industry’s largest first-party data set and is used by 19 of the 20 largest global asset managers. VTS’s metrics include management of over 300,000 tenant companies, more than 87,000 properties across 40+ countries, a user base of over 45,000 CRE professionals, and execution of over $31 billion of leases in 2021 with over 2 billion square feet added. The company reports coverage of more than 60% of Class A U.S. office space and 12 billion square feet of office, retail, and industrial space managed through the platform globally. VTS plans to accelerate product innovation, pursue strategic acquisitions, and expand its team in the U.S., U.K., and Canada using the newly raised capital. VTS offers a centralized leasing, marketing, asset management, and tenant experience platform for commercial real estate professionals. Its software lets landlords and brokers track leases, assets, and tenants and delivers real-time insights and reporting through products such as VTS Data, Market/Marketplace, and VTS Rise. The platform is used by over 45,000 brokers and asset managers and manages roughly 12 billion square feet of office, retail, and industrial real estate globally, covering more than 60% of U.S. Class A office space. VTS says the capital will accelerate investments in its strategic product roadmap, support M&A activity, and fund global market expansion. The company has positioned the platform as the industry’s largest first-party data source to fuel faster, more informed decision making. VTS provides a leasing and asset management platform for commercial real estate landlords, brokers, and tenants that centralizes leasing workflows and real-time portfolio insights. The platform manages more than 10 billion square feet of office, retail, and industrial assets and has a user base exceeding 35,000, with clients including Blackstone, Brookfield, GLP, LaSalle, Hines, Boston Properties, Oxford, JLL, and CBRE. VTS says customers convert leads to leases 41% faster using its tools and in 2018 launched VTS MarketView, a real-time benchmarking and market analytics product. Proceeds from the latest round will be used to deepen investment in the platform domestically and internationally and to accelerate the launch of truva, an end-to-end commercial real estate leasing marketplace expected later this year. The company positions itself as the category leader for leasing and asset management technology in commercial real estate. VTS operates a commercial leasing and asset management platform that lets landlords, brokers, and tenant representatives track leasing trends, manage negotiations, monitor marketing performance, and run leasing pipelines. The company reports its platform manages about 2.7 billion square feet of real estate and includes roughly 80% of the top 10 global investment managers as customers. VTS is growing 100% year-over-year. It raised a $55M Series C led by Insight Venture Partners, bringing total funding to $84M. VTS plans to use the funding to fuel global expansion—targeting EMEA and APAC markets beginning with Germany, the Netherlands, and Sydney—and to continue product development. The company aims to become the industry-standard platform for commercial real estate, combining software and the data it generates to improve client performance. VTS provides a platform where brokers, owners, and investors can collaborate in real time and from any device, centralizing information about available spaces and prospective clients. The platform includes an analytics dashboard that aggregates data on specific buildings, tenants, and market trends to inform leasing and portfolio decisions. VTS reports around 1.5 billion square feet being managed on its platform and is used by large landlords and brokerage firms including Blackstone and JLL. The company was previously known as View The Space and was founded by former commercial brokers Ryan Masiello and Nick Romito. VTS plans to use new funding to boost growth in the U.S. and expand internationally, with offices in Sydney and London slated to open before the end of the year. Management says the company is growing at a pace far faster than anticipated.

Participated · Series D · Aug 2022

Servify provides brand-approved post-purchase assistance, allowing customers to add devices, store bills, and get genuine, brand-authorized service during or after warranty. The platform covers smartphones, tablets, laptops and household appliances. The company is reported to be valued at approximately Rs 7,074 crore (about $852 million) after the latest allocation. For the fiscal year ended March 2023 Servify reported revenue of Rs 611 crore, a greater than 95% year‑over‑year increase, and net losses of Rs 229 crore. The Mumbai-based company has raised roughly $125 million to date, including a $65 million Series D tranche led by Singularity Growth Opportunity Fund in 2022. Prior external investors include Iron Pillor, Beenext, and Blume Ventures. Servify provides a platform that manages the lifecycle of electronic devices for manufacturers, offering whitelabeled after-sales services such as damage protection, extended warranties, trade-ins, upgrades and financing. It works with over 75 device manufacturers including Apple, Samsung, OnePlus and Xiaomi, and its platform covers smartphones, tablets, laptops and wearables. The company is operational in more than 40 countries, with India accounting for 60% of its business, and employs more than 700 people globally. Servify is on track for an annual revenue run rate of over $130 million and said it aims to become profitable as early as next month. The startup plans to expand into Latin America this financial year and is exploring a debut in Japan, and intends to extend its coverage to home appliances and electric vehicles. It also plans to use new funding for acquisitions and has bought startups since its last round, including 247Around and Germany-based WebToGo. Servify operates a white-label device lifecycle management platform that handles after-sales services such as device protection, exchange and trade-in programs for enterprises. It works with more than 50 brands and reaches over 50 markets, partnering with customers including Apple, Samsung, OnePlus, Xiaomi, Nokia, Motorola and Airtel. With Apple it operates in three geographies and with OnePlus in over half a dozen markets. The company plans to expand its expertise into new product categories and deepen its international reach. Financially, Servify was profitable in the financial year that ended in March; its business halted during April–May lockdowns but fully recovered thereafter. The startup says it has more than quadrupled revenue in 2020 to date and did not lay off staff or cut salaries during the pandemic. Servify is a tech platform built to improve service experience across product categories, starting with electronic devices. It provides a set of software and technology solutions that help device brands, retailers, distributors, insurers and carriers deliver improved post-purchase customer experiences. Led by founder and CEO Sreevathsa Prabhakar, the company works with partners including Amazon, Apple, Huawei, Motorola/Lenovo, Nokia, OnePlus, Xiaomi and Reliance Jio, among others. Servify has built a nearly profitable business in India, has recently launched operations in the U.S., and is setting up operations in Europe. The company is using new funding to add senior managers and build new technology solutions for its clients. Servify builds a device ownership platform that connects consumers with OEMs, retailers, carriers and service providers to manage post-purchase experiences for mobiles, gadgets, electronics and home appliances. The platform integrates with brands, resellers and the service ecosystem through deeper integrations to enable seamless after-sales service. Servify reports it has doubled its user base recently and now manages over half a million devices on its platform. The company plans to deploy the new funding to enhance its product, service and technology offerings and to grow its product, engineering and business teams. Servify is also building a centralized service and repair facility in Mumbai, which has received authorizations from multiple brands and was expected to go live in early December. The company was started in late 2015 and is headquartered in Mumbai.

Participated · Series B · Oct 2017

Farmobile builds foundational technology for agriculture that enables farmers and channel partners to collect, share and monetize farm data. Its Farmobile PUC data-collection device (launched in 2014) gathers second-by-second agronomic and machine data across mixed fleets. The Farmobile DataEngine platform standardizes raw data into visual Electronic Field Records (EFRs) for insights and decision-making. Built on DataEngine, the Farmobile DataStore exchange connects farmers with data buyers to create value-added revenue streams. The company says collected data supports decisions across the industry from lenders to reinsurance, seed, and chemical companies. Farmobile plans to use proceeds from the investment to fuel global growth and expand data collection and commercial integrations. Farmobile provides a data-as-a-service platform that passively collects the most complete and standardized set of agronomic and machine data in real time across mixed fleets. Its system automatically generates Electronic Field Records accessible to farmers via internet-connected devices. The company operates a marketplace called the Data Store that lets farmers sell copies of their data to vetted third-party buyers. Farmobile says the platform helps farmers ground-truth data, mitigate risks and create a revenue stream from data they own. Following its Series B, the company has raised over $28 million to date and plans to accelerate development of distribution channels in ag retail, OEMs, equipment dealerships and insurance. Farmobile positions itself to help farmers access, protect and monetize their digital assets with a clear path to ROI. Farmobile builds hardware and software that simplify collection and standardize geo‑located agronomic and machine data into a real-time "dirt to database" platform. Its hardware collects data from farm machinery regardless of manufacturer, and its software provides real-time decision support for planting, spraying, fertilization, harvest, fleet management, and more. The company positions itself as a neutral data repository that enables farmers to own, manage, and monetize their data, advocating for data portability and farmer rights. Farmobile plans to use its new financing to develop and distribute additional modules on top of its platform and accelerate adoption. It recently announced a strategic partnership with DTN/The Progressive Farmer to bundle Farmobile’s platform with weather stations for targeted weather alerts based on equipment location. Farmobile was founded in fall 2013 and is based in Kansas City, Missouri. The company completed a $5.5 million Series A equity financing led by Anterra Capital.

Participated · Series A · Jun 2017

Sure provides insurance infrastructure and flexible APIs that let companies embed fully digital insurance products into consumer experiences. The company launched its first enterprise SaaS product in early 2016 and counts customers including Farmers Insurance, Chubb, Intuit, Betterment, Revolut, Carvana, several automotive manufacturers and a leading global credit card network. Sure’s platform enables companies to sell insurance "in a matter of milliseconds" without paper or human interaction, emphasizing speed to market and end-to-end embedded transactions. Financially, Sure says it has been profitable since 2019 and that its annual recurring revenue (ARR) has grown by more than 3X every year over the past several years. The company plans to use new capital to accelerate global expansion, speed product launches and streamline embedded insurance customer experiences. Headquartered in Santa Monica and founded in 2015, Sure had about 80 employees at the time of the article and planned to triple its engineering headcount in 2022. Sure is a global insurtech platform that partners with insurance carriers to offer a broad range of insurance products across novel and traditional lines. Its product suite includes a consumer app, a platform for global consumer brands and carriers, and SURE Connect for affinity programs, eCommerce, and fintech partners. The company positions its offering as an APIs-driven Insurance-as-a-Service solution and is focused on continued technological development of its technology and APIs. Leadership is led by co-founder and CEO Wayne Slavin. Sure’s offerings span rideshare and mobility insurance as well as P&C, A&H, and commercial coverages such as renters, travel, rental car, individual item and smartphone insurance, and commercial BOP and liability. The company has offices in Santa Monica, New York City, Tel Aviv, and Johannesburg, is licensed in all 50 U.S. states, and partners with more than 35 global insurance carriers. Sure is an insurtech startup that offers on-demand personal insurance through an app and web channels. The company partners with insurers including Nationwide, CHUBB, Marsh and Guy Carpenter to underwrite policies across multiple lines. It is available in all 50 states and on iPhone, Android and the web. Sure’s smartphone protection product can be purchased anytime while a phone is in good condition and uses patent-pending virtual diagnostics that test a device in under one minute; that product is offered in partnership with Warrantech, a subsidiary of AmTrust. Led by founder and CEO Wayne Slavin, Sure has sold over 20,000 policies since launching in January 2016. The new funding is intended to support continued product development, user acquisition, marketing and hiring to scale the business. Sure is a mobile, on-demand insurance app that offers individual accident, life, property, casualty and warranty policies directly to consumers. The platform uses an AI-driven, Robo-Broker approach to let users personalize insurance based on location, context and behavior. It aims to remove limitations caused by non-customized broker recommendations and provide tailored coverage via mobile devices. Sure launched publicly and positioned itself as a direct-to-consumer alternative to traditional broker-led distribution. The company is led by CEO and co-founder Wayne Slavin and was founded in late 2014. Financially, the company debuted with external financing, raising seed capital to support its launch.

Participated · Equity · Nov 2013

Metromile is a San Francisco-based car insurance startup that operates an online quote and application process. The company disclosed a security breach in an SEC 8-K filing after a website bug allowed a hacker to obtain driver license numbers. Metromile said the bug was in its quote form and application process and that it is unclear how many individuals were affected or exactly how the access occurred. The company stated it released software fixes, notified its insurance carrier, continued operations, and is working with security experts and legal counsel to identify containment and remediation measures and to notify affected individuals, law enforcement, and regulatory bodies as appropriate. Separately, Metromile confirmed a $50 million investment from former Uber executive Ryan Graves, who will join the company's board. Weeks earlier the startup had announced plans to go public via a SPAC in a $1.3 billion deal. Metromile is a San Francisco-based car insurance startup that leverages technology and a pay-per-mile insurance model to price policies based on miles driven. Its offering includes data to help customers optimize how they use their car and instant access to detailed vehicle diagnostics through a driving app. Led by CEO Dan Preston, the company is currently available in eight states: Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia and Washington. Metromile plans to use the new funding to expand its pay-per-mile insurance product and to simplify every step of the insurance experience. It intends to deploy artificial intelligence in claims processing as part of that simplification. The company also announced the appointment of Stacy J. Smith as an independent director to its board. Metromile offers usage-based, pay-per-mile auto insurance that bills customers a base rate plus a per-mile charge using a small Metromile Pulse device and a mobile app with vehicle location and travel data. The company emphasizes that it rates solely on miles driven rather than broader behavioral telemetry and says typical low-mileage customers save about $500 per year. It has licenses to operate in all 50 U.S. states, currently underwrites in New Jersey, Oregon, Pennsylvania and Virginia, and plans to expand underwriting to California, Illinois and Washington. Metromile was founded in 2011 and had previously raised roughly $14 million prior to the new funding. The company partners with platforms such as Uber for certain coverage options and sees opportunities in connected, autonomous, and shared-ownership vehicles. The new capital will be used to acquire Mosaic Insurance to bring underwriting in-house, accelerate state rollouts, and continue building its platform. MetroMile sells insurance priced largely per mile and distributes a free Metronome plug-in device plus a mobile app that delivers driving analytics, route and gas-cost insights, and basic vehicle diagnostics. The Metronome plugs into the car’s diagnostic port (models since 1996), uses GPS and cellular to relay miles, diagnostic codes and trip data to an iOS app (Android in development). Pricing combines a base charge with a per-mile rate averaging roughly 2–4 cents; customers who drive under 10,000 miles a year have tested to save about $400 annually, with daily-mile caps for road trips. MetroMile white-labels the insurance from a major carrier (the carrier carries risk and pays claims) and receives a cut of premiums. The company completed an alpha in Oregon and is launching a private beta in Washington while distributing 10,000 devices, and is pushing approvals to expand to more states by early 2014. Future plans described in the article include extending services into car maintenance help and gas-price recommendations to deepen customer value.