Participated · Series C · Feb 2026

Founded in 2012, UpGuard delivers an AI-driven Cyber Risk Posture Management (CRPM) platform that unifies vendor risk, breach risk, user risk, data-sharing trust, and GRC automations into a single view. The system processes more than 100 billion risk signals every day and, in the last 100 days alone, analyzed 23 billion tokens to generate 70 k AI risk assessments and auto-complete 700 k security questionnaires. UpGuard’s technology has triaged 90 % of 483 k breach signals, helping lean security teams focus on high-intent threats. The company has earned G2 recognition as the top Third-Party and Supplier Risk Management solution for 15 consecutive quarters. Its customer base includes 50 k organizations in over 90 countries, with 2 000 paying customers supported by a distributed workforce in 14 nations. Headquartered in Hobart, Tasmania, with a U.S. base in Mountain View, California, UpGuard plans to use new capital to extend its AI capabilities, expand global go-to-market efforts, and pursue strategic M&A. Financial details from prior rounds were not disclosed, but the firm highlights a track record of capital efficiency alongside rapid scale.

Participated · Series D · Jul 2025

MaintainX offers an AI- and IoT-driven maintenance and asset management platform that connects asset and work intelligence to deliver real-time, actionable insights to technicians and executives. The platform emphasizes human-AI collaboration, putting AI-driven recommendations in the hands of shop-floor technicians and leaders to shift maintenance from reactive to proactive. MaintainX plans to expand its AI-powered asset and work intelligence capabilities, grow machine health monitoring and predictive maintenance solutions, and further develop enterprise asset management (EAM) features with a sensor-agnostic approach. The company will also accelerate market expansion across industries and geographies and hire talent to support its product roadmap. Financially, MaintainX closed a $150M Series D in this round, bringing total funding to $254M and a new valuation of $2.5B. MaintainX reports serving over 11K companies, managing 11M+ assets, processing 27M+ work orders and 370K+ safety procedures annually, and cites customer results such as 34% reduced unplanned downtime, 15% increased production capacity, and up to 32% monthly maintenance cost savings. MaintainX provides a mobile-first, IoT-enabled maintenance and frontline work execution platform used to streamline maintenance operations, manage regulatory compliance, and deliver asset- and plant-level insights. Its core product digitizes work orders and standard operating procedures to increase productivity for maintenance workers and other frontline staff. The company is introducing AI-powered maintenance operations, Asset Health Insights dashboards, and Resource Planning to add predictive capabilities and improve data quality and workforce scheduling. MaintainX serves over 6,500 customers across manufacturing, logistics, hospitality and facilities management and reports revenue growth of 13x since its Series B. The platform is positioned to turn frontline workers into knowledge workers by combining aging physical assets with smarter machine data and analytics. MaintainX was founded in 2018 and is headquartered in San Francisco. MaintainX provides a management platform that replaces clipboards and spreadsheets with digital tools to streamline workflows for industrial and frontline workers. Its feature suite enables tracking of reactive and preventive maintenance as well as daily operations such as safety and quality inspections and operating checklists, all with a digital audit trail. The company serves customers across heavy industry, municipal maintenance, hospitality, education, and healthcare. MaintainX says it has seen rapid growth since foundation, with revenues growing 12X from early 2020. The company intends to use new funding to accelerate growth and expand operations and business reach. MaintainX was founded in 2018 and is based in San Francisco, CA. MaintainX offers a mobile-first workflow and collaboration platform that digitizes standard operating procedures, safety and training checklists, tooling reports, audits and quality-control inspections for frontline, deskless teams. The product centralizes communication and work orders to replace paper, radios and spreadsheets, and the company says it can boost frontline efficiency by up to 7x. Hundreds of operation-intensive customers — including Marriott, Radisson properties, Subway franchisees and Phillystran — have adopted the platform. More than 1,600 businesses have joined the platform and are ready to start using MaintainX daily, and the company highlights rising daily usage and retention. MaintainX plans to use new funding to grow teams in San Francisco and Montreal and further develop its platform. The company was founded in late 2018 and is positioning itself to serve the large, underserved deskless workforce market.

Participated · Series D · Jun 2023

PayNearMe is a fintech that provides Payment Experience Management software and money-movement services for non-commerce businesses. The company’s newly rebranded PayXM platform lets enterprises manage the entire payment journey across all major payment types—including PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, cards, ACH, and cash—within a single integration. PayXM is designed to accelerate payments, reduce the total cost of acceptance, and improve cash flow and profitability for clients. PayNearMe supports cash payments at more than 62,000 U.S. retail locations and serves thousands of businesses in sectors such as consumer lending, iGaming, online sports betting, property management, and tolling. By optimizing every customer, support, and operational touchpoint, the platform turns payments from a cost center into a strategic differentiator. With fresh capital, the company plans to expand into new markets and continue developing features that simplify the end-to-end payment experience.

Participated · Equity · May 2023

Dock Health offers a web and mobile administrative hub that centralizes HIPAA-compliant task management and administrative workflow automation for clinical and administrative teams. The platform was developed at Boston Children’s Hospital and spun out in 2020; thousands of healthcare teams use Dock daily. Core features include integrations and APIs to sync EHR and productivity systems, SmartFlow digital workflows with automations and branching logic, and plans for AI-supported workflows. Dock intends to build an integrations marketplace, an analytics and insights dashboard to surface workflow bottlenecks, and an administrative best-practices community. The company accelerated adoption during the pandemic through robust APIs and professional services. Recent funding will support product and technical development and growth of the employee base.

Participated · Seed · Jul 2022

Quadrata’s core product is the Quadrata NFT Passport, a privacy-preserving, sybil-resistant identity layer that hosts verifiable identity information and compliance review ratings on-chain. The platform can surface DID, KYC/AML risk indicators and plans to support credit reputation and accredited investor status. Quadrata has partnered with TransUnion to create a native on-chain reputation score that rewards users for good behavior. The company aims to integrate its passport across multiple blockchains, onboard hundreds of dApps, decentralize its network, and offer the Quadrata Passport to millions of users. Quadrata spun out from Spring Labs and announced a $7.5 million seed round to fund ecosystem growth and institutional adoption.