Led · Grant · Jul 2026

HAMR Energy focuses on developing projects that convert forestry resources into fuels. The company announced it secured ARENA funding to advance those forestry-to-fuels projects. The funding is intended to support project development activities, though the announcement did not specify operational metrics or revenue figures. HAMR publicly disclosed the financing on July 27, 2026. The article did not provide founding year, location, or prior funding details. Future plans described in the release center on progressing the announced forestry-to-fuels initiatives with ARENA support.

Participated · Equity · May 2022

FlexCar provides flexible vehicle leasing that lets customers obtain cars, scooters or business vans with minimal refundable deposits and delivery within about 10 working days. The company serves individuals, freelance drivers and businesses and emphasizes flexibility in lease duration. Founded in 2018, FlexCar has expanded from Greece and Cyprus into Italy and operates a FlexCar Hub in Greece to support international growth. The business has invested over €100 million in its markets and reports having increased its turnover eightfold in three years. Last year it raised €50 million from domestic and international investors and currently employs more than 150 staff, with plans to double headcount by 2023. Management plans to roll out new products and use recent funding to accelerate international expansion.

Participated · Convertible Note · Jan 2022

Udaan operates a B2B marketplace linking manufacturers and wholesalers to small retailers across categories including electronics, groceries, pharmaceuticals, and general merchandise. The company says it serves more than three million small retailers and is estimated to account for roughly 70 percent of India's B2B ecommerce market by volume. Founded in 2016 by three former Flipkart engineers, Vaibhav Gupta became CEO in 2021 while co-founder Sujeet Kumar remains on the board. Udaan has faced recent financial strain, including a default on $170 million in convertible notes that matured on June 30, and has pursued multiple funding rounds to shore up its finances. It raised $75 million in February 2025 and a $114 million Series G in June 2025 that valued the company at under $2 billion, down from a prior $3 billion peak. The company is pursuing a balance-sheet restructuring and new capital to stabilize its finances ahead of an anticipated IPO within the next two years.

Participated · Debt Financing · Sep 2021

Grow Credit operates a platform that combines a small-dollar loan with a virtual MasterCard to let consumers build credit by managing subscription payments. The MasterCard is issued through Sutton Bank and the service reports loan balances to Equifax, TransUnion, and Experian; loans under its premium programs are made by Blue Ridge Bank, N.A. Since releasing its platform nationwide in November 2020, the company says monthly recurring revenue has risen 2000%. Grow plans to accelerate user acquisition, embed its SDK across banks, apps, and websites, and expand its influencer investor team ahead of an A round. The firm has partnered with banks including Blue Ridge Bank, Sutton Bank, and MRV Banks, and with BillGO and College Hunks Moving for biller integration and employee benefit deployments. Grow targets over 100 million consumers with no or thin credit files and provides weekly financial education content to its users. Grow Credit offers credit lines to cover online subscriptions (Spotify, Netflix) and reports those payments to help users build credit. The company uses Marqeta’s platform and the Mastercard network to extend loans and restrict payment access for recurring bills. Grow says users can improve their credit scores by as much as 61 points over nine months. Its product has tiered plans: a free tier with $15 of credit, $4.99/month for up to $50, and $9.99/month for up to $150 of covered subscriptions. Founded by Joe Bayen and launched last year in Los Angeles, Grow was initially bootstrapped and previously raised money from a clutch of core angel investors. The company closed a $2 million seed round with Mucker Labs and individual backers, is pursuing a deal with a large U.S. consumer bank, and plans to launch an Android app in the coming weeks.

Led · Grant · Oct 2019

BetterFleet offers a SaaS platform for mission-critical transit, government, utilities, and logistics fleets that uses advanced AI and digital twin technology to support fleet planning, procurement, implementation, and operations. Its platform helps fleets select the right vehicles and infrastructure, keep assets ready for service, minimize operating costs, and capture data-driven insights for continuous performance improvement. The company is led by CEO Daniel Hilson and is the new brand name of EVenergi. BetterFleet is used by more than 200 fleets worldwide. The company raised $15M to support its growth. It intends to use the funding to accelerate expansion of its user base across Europe, Asia-Pacific, and North America. Evenergi builds the BetterFleet platform, an intelligent software solution that helps organizations plan and manage transitions to zero-emission vehicle fleets with a data-driven approach. BetterFleet offers a single platform for fleet operators to plan, manage, and accelerate electrification while reducing costs and risks. The company markets the platform across the United States, Europe, and Asia Pacific. Evenergi serves over 200 complex fleets across North America, Europe, Singapore, and Australia. The company plans to use new funding to expand its North American presence through team expansion, research and development, marketing, and go-to-market activities. Founded in 2016 by Daniel Hilson and Nick Butlin, Evenergi focuses on improving financial, operational, and environmental efficiency for fleet operators. Evenergi operates the Charge Together Fleets program and a free online platform called BetterFleet to help fleet managers build business cases and procurement plans for electric vehicle (EV) adoption. The company provides a knowledge base, peer-to-peer learning, national procurement initiatives, and a webinar series to accelerate fleet electrification. Over 100 Australian fleets, including NRMA, Charles Sturt University and Ausgrid, have signed up to the program. Evenergi is also developing an Australia-wide planning tool for electricity distributors to forecast and manage EV impacts, with Ausgrid as the first user and a planned launch in early 2020. Next year it will launch a consumer-facing online platform and smartphone app to help private buyers find suitable EVs, arrange test drives, and set up home charging. The project backing Evenergi includes $469,380 in funding from ARENA and is part of a $1.05 million initiative supported by NSW and South Australian governments, Ausgrid and NRMA. Evenergi expects the program to help deliver tens of thousands of EVs onto Australian roads over the next five years.