Participated · Series B · May 2022

CarePoint (formerly Africa Health Holdings) is a technology-driven healthcare company operating a network of facilities and digital services across multiple African markets. Its core offerings include in-person clinics, telemedicine via the MyCareMobile app (consultations, test results, 24-hour emergency response) and planned telemedicine centers. The company is building "micro-tech-enabled-clinics" where patients consult doctors virtually to reduce costs and address low mobile-data affordability and internet penetration. CarePoint recently entered Egypt as its fourth market after Kenya, Nigeria and Ghana, and its expansion is driven by mergers and acquisitions. It is backed by five brands that together operate a total of 65 facilities. The startup has raised $30M to date and will use the latest funding to build data science and AI teams and introduce new products as it scales regionally under founder Dr. Sangu Delle.

Led · Series A · Nov 2021

Africa Health Holdings runs multiple hospital brands and a telemedicine platform (MyCareMobile) across Ghana, Kenya and Nigeria, aiming to build a tech-forward healthcare system. The company operates about 40 facilities across three brands—Meridian Health Group in Kenya, Rabito Clinic in Ghana and Care Point Hospitals in Nigeria—and also runs pharmacies and laboratories. It attends to roughly 200,000 patients annually who use its telemedicine platform for referrals, consultations and treatment. MyCareMobile provides teleconferencing consultations, access to test results and 24-hour emergency response, and supports electronic follow-ups through a mobile app. The firm plans to expand its telemedicine service beyond Ghana into Kenya and Nigeria and to grow its footprint within East, North and Southern Africa. Africa Health Holdings is investing in micro-tech-enabled clinics with virtual doctors' offices, diagnostic technologies and nursing support to deliver lower-cost care for people from lower socioeconomic classes.

Participated · Series B · Jul 2021

Reconstruct is a Menlo Park–based SaaS company that offers a Visual Command Center (VCC) to create and manage visual reality digital twins across the lifecycle of capital assets. The VCC is used for construction, renovation, as-builts and asset management, employing image recognition and photogrammetry point clouds. The company reports thousands of projects used every day across six continents and highlights industrial and infrastructure customer ROI from its measurability, mapping and monitoring capabilities. Customers cite rapid reality-mapped deliverables (for example, a 600,000 sq ft federal project rendered in two days versus months by traditional laser scanning) and sub-inch measurement accuracy. Reconstruct plans to use proceeds from its recent strategic up round to accelerate deployment of AI and machine-learning capabilities and support global expansion. The company emphasizes AI-driven insights and analytics to identify issues earlier and improve capital-asset management. Reconstruct offers an AI- and computer-vision-driven SaaS platform (Visual Command Center™) that combines reality capture, design, and schedule to enable remote quality control and progress tracking. Its multi-patented automated detection and field-mapping capabilities deliver sub-inch measurable visibility for projects of varying scale. The platform is used by customers ranging from 7-Eleven and McDonald’s to billion-dollar industrial operations in renewable energy and pharmaceuticals, and Pfizer uses it across global production facilities. Reconstruct has grown roughly 300% over the past two years. The company plans integrations with industry software such as Bluebeam and connections to Nemetschek brands to accelerate global expansion and customer acquisition. Founded in 2016, Reconstruct maintains offices in Silicon Valley and the Midwest with team members around the world. Reconstruct is a Menlo Park, California and Champaign, Illinois–based provider of a SaaS platform for construction and real estate. The company offers an AI and digital-twin software platform with indoor and outdoor views that let project stakeholders track and resolve issues in a virtual environment before they impact cost and schedule. Its “visual command center” enables project executives to proactively and precisely manage construction progress, including detecting current, past, and future performance issues. The platform’s 3D timelines enable real-time coordination among general contractors, subcontractors, owners, and lenders. Customers include Walbridge, Clayco, Taisei, and Kajima. Reconstruct raised $7.7M in a Series A and intends to use the funds to expand operations and open offices in Texas, Chicago, New York City, and Tokyo. The company was founded by Dr. Mani Golparvar and Dr. Derek Hoiem and is led by CEO Zak MacRunnels.

Participated · Seed · Jun 2021

Jetstream builds digital infrastructure that aggregates private-sector logistics providers at African ports and borders to enable businesses to manage and track cross-border shipments. The company began operations in Ghana in March 2019 with a Less Than Container Load (LCL) aggregation service and added trade finance in November 2019. Jetstream white-labels internally built systems to manage shipments and financing and integrates customs brokers, freight forwarders, shipping lines, airlines, and container terminals on a single platform. Its revenue model charges per-container or per-kilogram freight fees, flat customs clearance fees, and commissions on financing and insurance. The startup reported logistics service revenue growth of 512% from March 2020 to March 2021, generated seven-figure revenue, and says it grows more than 100% year on year. Jetstream has operations in Nigeria and agents in South Africa, China, the U.S., the U.K., and Europe and aims to have a presence at ports and borders comprising 80% of Africa’s total global trade by 2028.

Participated · Series C · Jan 2018

Roofstock is an end-to-end online platform for investing in single-family rental (SFR) homes. Its technology and software enable institutional and retail investors to buy, manage, and sell investment real estate online, providing a customized, transparent digital experience. The company plans to enhance its Roofstock One offering for accredited investors and build out Roofstock Labs, an internal incubator for next-generation products and services. It intends to hire across engineering, product, marketing, analytics and operations and to provide capital for additional strategic M&A. Roofstock has facilitated more than $5 billion in transaction volume, with more than half of that coming in the last year, signaling recent growth in activity. The company serves the $4 trillion single-family rental sector and is led by CEO Gary Beasley and co-founder and Chairman Gregor Watson. Roofstock operates an online marketplace that enables investors to buy, own and sell single-family rental homes across top U.S. markets. The platform provides market and neighborhood data, analytical tools and property-management oversight to simplify investment and lower barriers to entry. Roofstock markets products such as Roofstock One, which offers shares in fully managed investment homes starting at $5,000, and is rolling out Roofstock Platform Services to let institutional investors build tailored portfolios. The company plans to use new capital to invest in data science, product and engineering and to expand its retail supply and distribution network. Financially, Roofstock has facilitated more than $2 billion in transaction volume through its marketplace to date. Founded in 2015 and headquartered in Oakland, the company has raised $133 million of equity in total, including the $50 million Series D. Roofstock is an Oakland, California–based online marketplace for buying, owning and selling single-family rental (SFR) homes. Its platform lists properties in 25 U.S. markets and provides detailed home and tenant information, local vetted property management options, analytics, and market insights to help investors evaluate and purchase properties. The company launched its marketplace in early 2016 and is led by co-founders Gregor Watson (chairman) and Gary Beasley (CEO). Roofstock has surpassed $1 billion in property transactions since launch. The company says it will use the new funding to continue expanding its dynamic marketplace to new audiences. To date Roofstock has raised $75.25M from investors including Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners, Canvas Ventures, QED Investors, Nyca Partners, FJ Labs and SVB Capital. Roofstock is a two-year-old, Oakland, California–based marketplace that connects buyers and sellers of single-family homes with tenants in place. The platform enables institutional and retail investors to transact properties without forcing renters to leave and lets buyers acquire income-generating homes without sourcing tenants. Roofstock sources inventory from small retail sellers to mid and large institutions and lists homes across 15 U.S. markets. The company is roughly 65 people and said properties sold on the platform represent hundreds of millions of dollars in value this year. Listings typically go under contract within 30 days and, in Q2, 44 percent of homes sold went under contract within 14 days; some listings sell within minutes. The marketplace charges sellers 2.5 percent and buyers 0.5 percent and is beginning to work with agents to facilitate sales of tenant-occupied homes. Roofstock operates an online marketplace and community for investing in leased single-family rental (SFR) homes, led by co-founder and CEO Gary Beasley. The platform provides research, analytics and insights to evaluate and purchase independently certified properties, including detailed inspection, valuation and title reports. Listings also include information about tenants and local property managers who have been certified by Roofstock. Since its public launch in March 2016 the company has expanded to serve 10 markets and has engaged thousands of registered users. Financially, Roofstock has raised a total of $33.25M since its formation in May 2015. The company plans to use new proceeds to accelerate national expansion, invest in product development, engineering and data science, roll out an asset management platform and broaden its reach to domestic and global investors.