Led · Series A · Jan 2025

Guidesly is a NYC-based provider of a software platform for outdoor recreation guides. Led by CEO David Lord, the company offers a workflow optimization platform and marketplace that connects outdoor enthusiasts with guides across fishing, hunting, snow sports and water sports. Its tools aim to improve guides' business operations and the customer experience. The firm raised $9.5M in Series A funding led by Aspen Capital Group, with participation from YETI Capital, HalfCourt Ventures and Derive Ventures, plus existing backers Elysian Park Ventures and Marquee Ventures. The article states the company intends to sue the funds to accelerate the expansion of its Vertical AI solutions. Guidesly is a technology company building a marketplace for the outdoor recreational industry, starting with fishing. Led by CEO David Lord, the platform connects fishing guides and charter captains with anglers through consumer experiences and guide tools on web and mobile applications. The company focuses on vertical SaaS products for guides and reported a 300% increase in SaaS guides using the platform in the second half of 2021. Guidesly plans to continue investing in vertical SaaS and roll out new offerings in early 2022. The company intends to use new funding to further scale its vertical SaaS capabilities and expand its reach in the outdoor recreation community. Guidesly is based in Boston, MA. Guidesly builds a purpose-built marketplace, mobile applications and SaaS tools that connect anglers with trusted fishing guides and charter captains. Its platform and apps aim to simplify bookings and improve the guest and guide experience across website and mobile. The company plans to use its recent pre-seed funding to further develop and market its mobile applications and marketplace platform. Guidesly says it will launch in its first market of Florida to tap into a large base of anglers and outdoor recreation users. The company cites a U.S. address in Boston and a team that includes veterans of consumer tech, designers, and experts in cloud-based software platforms. Guidesly positions itself against inefficiencies in the guides market and targets the roughly 51 million Americans who fish for fun.

Participated · Series C · Sep 2023

CLARA Analytics offers CLARAty.ai, an AI platform that analyzes structured and unstructured claims data using natural language processing, image recognition, predictive AI, generative AI, and large language models to generate case summaries, alerts, and recommendations for claims associates. The platform ingests medical notes, legal demand packages, bills, and other documents to surface actionable insights and optimize claim outcomes. CLARA serves customers ranging from top global insurance carriers to third-party administrators and self-insured organizations. The company says it has more than doubled its annual recurring revenue in the past year and expects rapid growth as AI adoption increases in claims management. CLARA was founded in 2017 and is headquartered in California’s Silicon Valley. Its product roadmap and positioning emphasize expanding AI-driven decision support across carrier workflows. CLARA Analytics offers an AI-as-a-service platform that applies image recognition, natural language processing, and predictive modeling to extract insights from medical notes, bills, legal demand packages and other claims documents. Its product suite includes CLARA Triage, CLARA Treatment, CLARA Litigation, CLARA Optics and CLARA MSP Compliance. The company says it has more than doubled its annual recurring revenue and has grown its customer base, increasing penetration in the workers’ compensation market while expanding into auto liability and general liability. CLARA’s software is used by major insurers and self-insured organizations, including Berkshire Hathaway Homestate Companies, AmTrust, Amerisure and QBE; Amazon recently selected CLARA as a technology partner for a workers’ compensation program. The company plans to use the new funding to further enhance its platform’s AI capabilities, including generative AI, predictive modeling and natural language processing. Founded in 2017, CLARA Analytics is headquartered in California’s Silicon Valley. CLARA analytics offers a suite of AI-based products for commercial insurance claims, including CLARA claims, CLARA providers, CLARA litigation and a Medicare Set-Aside solution. The company ingests structured and unstructured data from medical notes, bills and other documents into a cross-industry data lake to generate predictions and insights for claims teams. Its products are used by leading insurers such as Berkshire Hathaway Homestate Companies, EMC Insurance, Amerisure and QBE Insurance, and by customers across the top 25 global carriers, large third-party administrators and self-insured organizations. One insurer using CLARA’s claims and providers solutions has seen claimants return to work 35% faster. CLARA plans to use the funding to extend its product suite, attract industry talent, expand global reach and invest heavily in customer-facing sales and support while augmenting its workers’ compensation expertise. The company also intends to expand into additional property and casualty insurance lines to address rising health care and litigation expenses. CLARA analytics is an AI and data science company that builds easy-to-use AI-based solutions for claims operations in the Property & Casualty and Disability insurance industries. Its flagship products, CLARA providers and CLARA claims, are focused on workers' compensation: CLARA providers is a provider-scoring search engine and CLARA claims is an early warning system for frontline claims teams. The company says its technology has delivered strong ROI for customers by reducing up to 10% of claims indemnity and loss adjustment expenses and aims to cut claims leakage across the $800 billion global commercial P&C market. CLARA's customer base includes top 25 insurance carriers, small specialty carriers, self-insured organizations and TPAs. Its solutions detect potential litigation early, connect claims to the right providers, ensure optimal treatment protocols, and align claims resources based on complexity. The company plans to extend its workers' compensation solutions to other lines such as commercial auto, general and professional liability, and disability.

Led · Series C · Sep 2021

Sureify is a San Jose, California–based digital insurance platform that helps life insurers modernize sales, service, and engagement. Led by CEO Dustin Yoder, the company offers the Lifetime platform, including LifetimeACQUIRE for omnichannel sales and quoting, LifetimeSERVICE for self-service portals and native apps, and LifetimeENGAGE for engagement programs and analytics. Its platform automates quoting, e-application, automated underwriting, new business transmission, and customer self-service to improve placement rates and operational efficiency. Industry-leading life insurers such as Allstate, Amica, Principal, Modern Woodmen of America, State Farm, AAA Life, Brighthouse Financial, and Vantis Life use Sureify's platform. In September 2021 Sureify raised $15M in a Series C funding round led by Aspen Capital Group with participation from existing investors. The company plans to use the funds to further build out its platform and ramp up research and development. Sureify Labs is a Silicon Valley–based insurtech that built the LifeTime Platform, an enterprise web and mobile solution for acquiring, engaging and cross-selling to life insurance policyholders. The LifeTime Platform supports quoting, application, fulfillment and post-issue engagement, and integrates with mobile phones, wearables and social networks. Sureify’s enterprise software team comprises 28 people and the company sells and licenses the platform to life insurers and bancassurance organisations across North America, Asia and Europe. The company is expanding into India, Africa and Australia in 2017. Sureify announced a global strategic partnership and product integration with Hannover Re US to combine LifeTime with Hannover Re’s hr | ReFlex automated underwriting solution. Financially, the company received an equity investment in the form of Series A Preferred Stock from Hannover Re Group (via Hannover Finance Luxembourg).

Led · Equity · May 2021

Transcend’s flagship product, the Transcend Design Generator (TDG), is a cloud-hosted generative design platform that fully automates preliminary and conceptual engineering for water, wastewater, and electrical substation projects. TDG integrates process, mechanical, structural, electrical, civil, and architectural design disciplines and produces outputs such as 3D BIM models, carbon footprint estimates, equipment lists, and operating and capital expenditure calculations. The platform generates editable design documents native to Autodesk products including AutoCAD and Revit. Transcend sells its B2B SaaS to asset owners, engineering firms, and technology suppliers and already counts customers such as Arcadis, Black & Veatch, Brookfield Asset Management, Anglian Water, Xylem, and Veolia. In less than two years, designs produced with Transcend’s software have impacted over 100 million people across 65 countries. The company will use the new funding to accelerate its go-to-market strategy and advance its product roadmap to further establish market leadership in generative design for critical infrastructure. Transcend Software offers the Transcend Design Generator (TDG), a SaaS generative-design and engineering-automation platform for water and wastewater treatment projects. TDG is positioned as the market’s first fully integrated water treatment design platform and can assess CAPEX, OPEX, land footprint, carbon footprint, and other variables during preliminary engineering. Developed by leading experts in water and wastewater engineering, the platform has been used since 2013 to design over 7,500 treatment facilities. Transcend’s tools aim to streamline preliminary engineering, accelerate technology adoption, and reduce time and cost compared with manual methods. The company cites customers including United Utilities and Black & Veatch and says its software produces accurate, complete, and sustainable preliminary designs for EPCs, AECs, asset owners, and water technology OEMs. Transcend will use the proceeds from its recent financing to drive continued innovation across the water infrastructure market.

Participated · Series B · Apr 2021

Aclaimant provides an insight-driven workflow platform for safety and risk management that helps organizations actively manage risk and improve claims management. Its platform is used to keep employees safe at worksites across industries including construction, manufacturing, staffing, real estate, and hospitality. The company plans to use new funds for product innovation, hiring across all departments, accelerating client acquisition and sales, expanding marketing and partnership development, and adding key risk-management talent to grow in-house subject matter expertise. Aclaimant raised $15M in Series B equity and debt financing, bringing total capital raised to over $20M. The senior management team, led by CEO and co-founder David Wald along with co-founders Joel Friedman and Michael Schultz, will continue to run the company. As part of the financing the company is adding board and advisory talent to support growth. Aclaimant is a Chicago-based insight-driven workflow platform that helps organizations manage safety and risk. Its solution proactively uncovers problems and streamlines risk and claims management by combining insurance-industry expertise with technology. The company serves multiple industries, including construction, manufacturing, staffing, real estate, and hospitality. Aclaimant plans to use the new funding to accelerate client acquisition and sales, expand marketing and partnership development, and invest in product innovation and enhancements focused on data, compliance, and design. Senior management, including co-founders David Wald, Joel Friedman, and Michael Schultz, will continue to lead the company. The Series A brought the company's total funding to nearly $13m.