Led · Equity · May 2022

Aervivo develops the Aervivo Connectivity Platform, a Cloud OS for hybrid networks, and the AerHub 60GHz mesh networking solution. The company partners with ISPs and new entrants to help them launch markets, extend presence, and upgrade legacy networks via a cloud-based service platform and SaaS model. Aervivo announced $3.5M in additional equity financing to invest in expanding its Connectivity Platform. The company plans to use the capital to grow its team and support numerous scaling partner deployments of its Hybrid Edge technology ecosystem. The product focus emphasizes delivering affordable, high-speed, fiber-grade connectivity with an industry-leading customer experience. Aervivo is based in San Jose, Calif.

Participated · Seed · Aug 2021

Carputty offers the Flexline product, a flexible line of credit to finance new and used vehicles, lease buyouts, and refinancing, using data-driven insights to provide transparent, dynamic financing. Founded in 2020 and operating from Atlanta, the company sells via multichannel partnerships and works with partners such as Turo and Lucid Motors USA. Carputty operates across 48 states and territories and is anticipated to open in California, representing ~12% of the U.S. auto market. The company plans to use new funding to aggregate large tranches of prime-plus consumer auto loans and to prepare for its first securitization. Carputty positions the Flexline to support onboarding new buyers and investors and to expand its direct-to-consumer offerings. The company has raised more than $100 million in total funding to date. Carputty offers Flexline™, a continuous line-of-credit product that members can use to finance new and used vehicles, buy out leases, or refinance existing auto loans. Consumer Flexline limits go up to $250,000 while Business Flexline reaches $800,000. The company sells an end-to-end, data-driven platform that can be embedded with business partners to provide integrated auto financing capabilities. Led by co-founders Patrick Bayliss (CEO) and Joshua Tatum (Chief Product Officer), Carputty is focused on accelerating platform development and expanding business collaborations. The company intends to use recent funding to drive commercialization and adoption across the U.S. Carputty had $21.96M in total funding after the announced round. Carputty is an Atlanta-based direct lender that aims to transform auto finance by returning control and transparency to consumers. Its proprietary software includes Flexline, which lets consumers place one or more cars on a single platform with rates set by a consumer profile, and V3 Valuation, a predictive analytics tool to estimate vehicle values. The platform underwrites loans for pre-approval without affecting consumer credit scores and supports refinancing, new and used purchases, and lease buyouts. Co-founders Patrick Bayliss (CEO) and Joshua Tatum (CPO) bring multi-dealership and consumer-lending experience. The company plans to use new capital to enhance its products, scale quickly, and deliver easy-to-use lines of credit and valuation tools. Carputty positions itself against a large market opportunity, citing roughly $1.4 trillion in outstanding auto loans in late 2020.

Led · Equity · Jul 2021

Clientbook provides a mobile clienteling platform and app designed for high-ticket retail sales associates, enabling them to manage and deepen customer relationships. The system gives retailers visibility and control over the customer experience, driving more store visits, improved sales conversion rates, and higher average dollar sales. It drives relationship building by keeping track of details in a client’s life so sales associates can focus on the relationship and give guidance. Led by Brandon Wright, the company plans to use the new funding to expand the team, enter new verticals and add product features to the mobile app and platform. The funding round follows the company’s triple-digit year-over-year growth. The company is based in Lehi, Utah.

Participated · Series C · Feb 2019

Nav provides an app that helps small businesses find the best financing from more than 110 business financing products, including loans and credit cards, and offers free access to business and personal credit reports from major commercial and consumer credit bureaus. The company has partnerships—such as a multi-year integration with Clover and a collaboration with Equifax—that enable it to deliver free small business credit data from Equifax, Experian and Dun & Bradstreet. Led by co-founder and CEO Levi King, Nav powers credit data and insights for more than 1 million small business owners. The company will use its new funding to expand enterprise partnerships, introduce more small business owners to its platform and drive additional data insights for customers. Financially, Nav completed a $44.8m Series C funding round in 2019, which it will deploy to grow its platform and partnerships. Nav helps small businesses access credit scores, credit monitoring, and targeted financial advice, with most users using the free credit-score service and an optional paid advice plan (~$20/month). Co-founder and CEO Levi King built the company out of frustration that small-business owners had no central place for credit and financial education, and he describes Nav as a “Credit Karma for small businesses.” The company says it serves over 200,000 customers across industries from retail and restaurants to dentists. Nav aims to improve small-business lending outcomes and reduce small-business failure by cleaning early-stage data and offering actionable advice. The company is based in San Mateo, California, with offices in Salt Lake City, and was founded in 2012. Nav has been scaling with external capital, including the recent Series B financings noted below. Nav operates a web site and mobile app that give users free access to personal and business credit reports, self-serve tools to build business credit, and a financing marketplace that estimates approval odds based on credit profiles. Led by CEO and co-founder Levi King, Nav’s technology is already used by more than 150,000 small business owners and it has partnerships with more than 40 top business lenders and credit card providers. The company provides actionable tools to help business owners improve their profiles and an algorithm that matches them to their most-qualified funding options. Nav is based in San Mateo, California, and maintains offices in Salt Lake City. As part of its growth, Nav plans to integrate its product with partner data to deepen marketplace matching and credit insights. Creditera is a credit and information provider for small and medium-sized businesses. The company launched a free membership service at Money20/20 in Las Vegas that gives access to personal and business credit information through a comprehensive integration of available financial data. It offers consulting and alerting services to help business owners register with credit bureaus, establish trade accounts, ensure accuracy of credit reports, and identify areas that require attention. Creditera also operates a commercial marketplace that matches small business owners with products and services—such as commercial loans and business credit cards—based on their scores. The company announced a $6.5 million Series A that closed earlier in the year, led by Kleiner Perkins Caufield & Byers with participation from Peak Ventures and other undisclosed backers. Co-founder and CEO Levi King said the free membership is intended to help small businesses proactively take control of their credit to access faster funding and improved cash flow. Creditera offers a single sign-on platform that consolidates personal and business credit reports, scores, and alerts so business owners can monitor both credit profiles from one account. The product includes unlimited access to Experian credit reports and scores, email/SMS alerts, $1 million in identity theft insurance, and identity recovery services. The company launched in beta in January 2013, became cash-flow positive in March 2013, and is based in Utah with 11 employees. Creditera has partnered with Experian and is working on additional partnerships to expand its credit data sets. Founder and CEO Levi King built the company from experience using personal and business credit to grow prior ventures and emphasizes educating and protecting small-business owners. Pricing is tiered at $30/month for consumers, $80/month for businesses, and $100/month for combined consumer and business access.

Led · Series B · Feb 2017

Chatbooks’ app creates custom photo albums, prints and holiday cards from images pulled from Instagram, Facebook, Google Photos or a user’s Camera Roll. Users can order one-off items or subscribe to automatically print favorite or most-liked photos into soft- or hard-cover albums. The company has expanded its product line beyond albums to include prints and holiday cards and partners with stationers such as Rifle Paper Co. for premium designs. Chatbooks is based in Provo, Utah and employs about 40 full-time workers. Married co-founders Nate and Vanessa Quigley plan to use new funding to develop products (including ways to turn videos into physical assets), expand in U.S. and international markets, and hire as-needed labor. The company reports that almost half of its users had never previously tried photo-printing services. Chatbooks operates a subscription-based service that automatically converts users' digital photos into printed photo books (every 60 photos become a book). The product is designed for simplicity and rapid creation, with books starting at about $8 each. The company sold its first book in June 2014 and reached 1 million shipped books after rapid early growth—500,000 in its first 12 months and another 500,000 in the subsequent six months. Chatbooks reports a proven recurring revenue model. The company plans to use new funding to accelerate sales and marketing and to expand into new markets. Leadership cited strong emotional engagement from users as a core business driver.