Backend Capital
4619 Madison Street, Hollywood, FL, 33021, United States
Overview
Backend Capital is an early stage fund focused on investing in brilliant engineers.
- Total investments
- 20
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 2
Investment portfolio
- Tarsal
Participated · Seed · Mar 2024
Tarsal provides teams with a platform to run security analytics on top of the modern data stack. Its solution connects, normalizes, and routes data to multiple destinations, empowering organizations with total data access and cost-efficient, smart data movement. The company is led by CEO Sunny Rekhi and is based in NYC. Tarsal announced the appointment of Barrett Lyon as chief technology officer. The company said it will use the funds to expand operations and its development efforts. Tarsal raised $6M in Seed funding.
- Usage AI
Participated · Equity · Sep 2023
Usage.AI is a NYC-based company that provides a cloud savings platform with modules covering compute and database services. Led by founder and CEO Kaveh Khorram, the platform scans every layer of a customer's cloud environment to provide visibility and uses its Autopilot software to identify and implement savings with zero code change, zero downtime, and zero risk. The product enables organizations to consolidate their cloud savings program into a single solution built natively for the cloud. Usage.AI serves over 300 global enterprises, including Deel, Zumba, EVGo, FabFitFun, Secureframe, and Motive. The company raised $9M and intends to use the proceeds to expand its product roadmap and ship new features and products.
- UnshETH
Participated · Seed · Aug 2023
unshETH offers an omnichain ERC-20 token (unshETH Ether) representing a diversified liquid-staked ETH basket that collects Ethereum staking rewards and swap fees generated by the protocol's vdAMM. The protocol is designed to foster competition among liquid staking providers to promote validator decentralization and improve the ETH staking experience for many users. unshETH tokens are transferable across multiple chains (ETH Mainnet, BNB Chain, Arbitrum) via cross-chain infrastructure mentioned in the filing (Stargate and LayerZero), with plans to expand to additional chains. The team recently announced Project Sentience, an initiative to create a decentralized, open-source Liquid Staking Token (LST) framework and a Liquidity Bootstrapping Kit to share technology and improve decentralization across LSTs. The company completed a $3.3M seed funding round to accelerate development, expand protocol features, and prioritize security, transparency, and usability. The raise and roadmap emphasize building public goods and developer tooling to drive broader DeFi adoption of LSTs.
- Spline
Participated · Seed · Jul 2023
Spline provides a collaborative, web-based 3D editor that enables designers to build interactive, production-ready 3D content and ship it natively across web, mobile and spatial devices without code. The platform recently added Android support, becoming the first 3D design tool to enable cross-platform shipping across both Android and Apple ecosystems, and expanded features with a real-time API, WebHooks, and AI integration for interactive experiences. Spline offers AI generation tools alongside familiar editor features like vector editing, motion, physics, particles, and real-time collaboration. The company says its user base has doubled over the past 12 months, its community has created more than 7 million scenes, and millions of creators use the platform globally. Spline emphasizes simplifying the creative process for designers so they need not use complex game engines or hand-code Three.js to deliver 3D content. The product roadmap and recent hires aim to bring more AI capabilities directly into designer workflows to accelerate production-ready 3D content creation. Spline is a no-code, browser-based design tool that lets users create 3D objects, edit materials, add interactivity (including game controls), animate, run real-time physics and export assets as images, GIFs or embeddable web objects. The platform supports collaboration, commenting and working from scratch or pre-made objects. The company has added AI-style transfer and AI texture tools and is exploring prompt-driven content creation with large language models as a next step toward generative 3D. Alejandro Leon launched Spline in 2020 and the company was accepted into Y Combinator’s 2021 batch. Spline has a 20-person team and more than 1 million creators on the platform. It competes with incumbent tools such as Blender and Cinema 4D.
- Humans Anonymous
Led · Seed · Sep 2022
Humans Anonymous is a social audio app that creates anonymous, profession-based spaces for people to share personal experiences in three-minute, one-at-a-time speaking slots. The product emphasizes anonymity and moderated conversations: users cannot unmute others or create their own rooms, and a moderator can block or ban participants. The app charges a subscription ($5/month or $50/year), offers a free one-hour trial, and keeps a general room permanently free to maintain accessibility. Humans Anonymous launched publicly after more than a year in stealth and is initially focusing on founders, with plans to expand to communities like nurses and teachers. The company was founded by Nate Tepper, who says his experience with Alcoholics Anonymous inspired the format. The team acknowledges open questions around true anonymity, potential recording risks, and possible trademark or branding friction with AA despite holding a trademark for Humans Anonymous.