Participated · Equity · May 2026

Novella is an AI-native wholesale insurance broker co-founded in 2024 and headquartered in New York with an R&D facility in Tel Aviv. Its specialty AI agents perform placement, binding, form comparison, policy review, subjectivity collection, inspections, billing, endorsements, renewals, and other broking tasks to enable producers to focus on client relationships. The company has been appointed by close to 100 specialty carriers and managing general agents and receives business from more than 3,500 retail agencies. Novella has opened offices in Miami and Houston in 2026 and plans additional regional offices, including southern California in Q2. Leadership includes CEO and co-founder Max Kane, CTO Michael Tsibelman, and Head of Brokerage Alex Broome. Novella aims to become a top-five U.S. wholesale Excess & Surplus broker with $10 billion of premium within the decade.

Participated · Series B · Mar 2026

Basis develops a team of specialized AI agents designed to understand accounting rules, adapt to each client’s needs, operate autonomously, and execute real accounting tasks. The platform is already in use with several of the top accounting firms, highlighting early commercial traction. By off-loading routine and time-consuming work to software agents, Basis aims to let human accountants focus on higher-value advisory services. The company plans to use its new capital to accelerate core product development and to expand its engineering and machine-learning teams, indicating a continued focus on technical depth. While no revenue or user metrics were disclosed, the company’s recent funding round valued it at $1.15 billion, signaling strong investor confidence. Founded by Matthew Harpe and Mitchell Troyanovsky, Basis positions itself at the intersection of AI and professional services with ambitions to redefine how accounting work is performed.

Participated · Seed · Dec 2025

Supper provides a self-serve data platform that integrates directly with SaaS tools and data warehouses, automatically cleanses and normalizes information, and builds a semantic layer so anyone at a company can query data in plain language. Its agent suite can answer business questions, construct complex dashboards, and support research projects, eliminating the need for engineers and analysts to handle ad-hoc SQL requests. Early customers report saving 7–8 engineering hours per week thanks to the product’s automation. Co-founded by Lowell Putnam (previously founded Quovo, acquired by Plaid) and Andrew Salamon (co-founder of Hims & Hers), the New York-based startup targets high-growth companies that struggle with fragmented, unreliable data access. The founders emphasize a “simple on the surface, powerful under the hood” approach that strengthens trust in analytics and speeds decision-making. With fresh seed funding, Supper plans to accelerate product development and broaden its customer base, continuing its mission to make data access effortless, fast, and reliable.

Participated · Series A · Sep 2024

Thatch operates a marketplace and debit card to enable employers to offer Individual Coverage Health Reimbursement Arrangements (ICHRA), allowing employees to purchase individual medical, dental, and vision plans or pay for care with leftover balances. The product lets employees choose plans, switch carriers, and spend remaining employer-provided budgets on treatments; Thatch reports about 50% of members carry an average $250 monthly balance. The company has integrated with QuickBooks to embed and distribute ICHRA and is building a similar offering for ADP. Thatch launched its offering in August 2023, has onboarded over a thousand companies in the last 18 months, and had 72 employees as of March. Revenue grew 8x year-over-year, though the company declined to disclose absolute revenue figures. Founders emphasize that ICHRA enables flexible employee classes and see ample room for product and fintech innovation around budgeting, payments, remittance, and adjudication. Thatch provides a personalized health benefits platform that combines fintech and healthtech, offering an interface to simplify the complex process of healthcare benefit management for employers and employees. Key features include simplified budget setting and fund allocation for employers, personalized plan selection tools for employees, integration of tax incentives and credits, and cost savings through pooled buying power. Since launching in 2023, Thatch has helped hundreds of companies across every sector improve their healthcare coverage while curbing costs; customers range from AI startups and small businesses to nonprofits and large enterprises with thousands of employees. Led by Chris Ellis and Adam Stevenson and based in San Francisco, the company plans to use new funding to expand its team, continue scaling its technology platform, and accelerate customer acquisition. The company raised $38M in a Series A round to support that growth. Thatch builds a platform to simplify health payments and benefits management for startups and their employees. The product sits on top of a company’s existing health plan and offers a tech-enabled Health Savings Account (HSA), a debit card for healthcare expenses, a receipt dashboard, and on-demand patient advocates via text to resolve billing issues. The company says it helps users determine HSA eligibility and see real-time tax savings from HSA use. Thatch aims to let businesses give employees great healthcare in under five minutes and is initially targeting startups that lack large HR budgets. It is also building a marketplace so founders can input a budget and select insurance policies and digital health vendors from the platform. Founded in 2021 by Chris Ellis and Adam Stevenson, Thatch is coming out of stealth and currently has eight employees and early funding.

Participated · Seed · Jul 2024

Fragment is a New York–based startup founded in 2021 that provides a ledger API to make real-time, double-entry accounting accessible to engineers. Its platform lets developers design fund flows, implement them in a database (compared to Postgres) and operate them via a dashboard. Fragment aims to keep in-product balances in lockstep with bank statements so customers can close their books faster and avoid reconciliation disputes. Early customers include TruckSmarter, Nala and Pleo, with Pleo using Fragment to store and track historical balances for its 30,000 customers. The company publicly launched this product and positions itself as a competitor to Modern Treasury. Fragment plans to use its recent funding to grow the engineering team and invest in go-to-market resources; to date it has raised $10.8 million since June 2021, including a newly announced $9 million seed and a pre-seed from Gradient Ventures.