Ballast Point Ventures
401 East Jackson Street, Suite 2300, Tampa, FL, 33602, United States
Overview
With $360 million under management, Ballast Point Ventures invests in established but rapidly growing, privately owned companies, with a particular emphasis on companies located in the Southeast and Texas. This region accounts for 22% of the national GDP and the region's favorable business climate and strong quality of life make an attractive home to thousands of talented entrepreneurs working to build great companies. The BPV partners have spent their careers building and investing in outstanding companies throughout the region – partnering with entrepreneurs who prefer to work with high quality partners "in their own backyard" who understand not only their businesses but also the local community. Our proximity to our portfolio companies and emphasis on long term relationships have allowed us to focus on adding value for our companies in ways that other firms investing across the country find difficult to match. We are "growth capital" investors and we work with companies that demonstrate proven business models and have strong management teams. We invest in a diversified group of industries that we believe have favorable growth and investment characteristics, and in which both the BPV Partners and our partners at Raymond James Financial have substantial knowledge and experience. These industries include health care, business services, communications, information technology, financial services and consumer/retail. Our experience shows that by partnering with outstanding entrepreneurs with experience, vision and integrity, we can invest across a broad range of industries and help our entrepreneur partners generate attractive investment returns for both themselves and their investors. We are financial and strategic partners rather than operators, and we prefer minority ownership stakes to control positions.
- Total investments
- 29
- Lead investments
- 18
- Investments · 12mo
- 0
- Active investors
- 9
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Medsender
Led · Series A · Jan 2025
Medsender is an AI-powered workflow automation platform that processes and synchronizes data from unstructured sources such as fax, email, and phone to automate administrative workflows and patient communications. The platform automates complex tasks including referral processing, scheduling, and patient request management, and offers a robust API and an intuitive web interface with pre-built integrations for dozens of EMR/EHRs. Medsender's MAIRA™ human-like AI phone agent can reduce call handling by up to 80% when deployed alongside the platform. Customers across all fifty states use the system, and companies using Medsender have achieved same-day referral processing and increases in patients scheduled. The company plans to use the new funding to bolster its commercial team and accelerate development of its technology pipeline. Medsender positions its product as a way to reduce administrative burdens so providers can focus on delivering care.
- Work Shield
Led · Equity · Nov 2023
Work Shield provides a comprehensive, integrated solution for reporting, investigating, and resolving workplace misconduct. Its employer intelligence platform allows reporting across multiple channels, empowering employees to report issues confidently and safely. The platform is paired with a dedicated team of employee relations and legal investigators to ensure thorough and impartial investigations. Work Shield serves employers across North America and beyond. The company is led by CEO Jennifer, Jared Pope, and Travis Foster. Work Shield recently raised $6M and intends to use the funds to invest across all functional areas of the business. Work Shield is a Dallas, TX-based full-service independent solution for reporting, investigating and resolving harassment and discrimination in the workplace. Led by founder Jared Pope, the company partners with employers to manage reporting, investigation and resolution of workplace harassment and discrimination issues in their entirety. Employees have access to an immediate and impartial platform to safely voice incidents, while employers are assured that every issue is investigated and resolved by certified legal professionals to minimize liability. Work Shield raised $4.11M in a Series A financing. The company intends to use the funds to bolster its sales team, enhance technology and boost infrastructure. Management says the capital will be used to procure new clients and accelerate its development roadmap.
- Uplift
Led · Series A · Jul 2023
UpLift delivers evidence-based, virtual-first psychotherapy and psychiatry via a team-based care model that integrates mental and physical health. The company partners with national and regional health plans to provide insurance-based behavioral healthcare and currently accepts most major commercial, Medicare, and Medicaid plans, including national agreements with UnitedHealthcare, Aetna, and Cigna. UpLift serves individuals 13 and older, as well as couples and families, in Florida, Maryland, New Jersey, Virginia and the District of Columbia; patients can book their first appointment online in less than two days on average. Built at Redesign Health and founded in 2020, UpLift uses purpose-built software to match patients with the right team of providers. The company plans to expand into additional states and scale its model to enable thousands of behavioral healthcare providers to accept insurance for the first time. UpLift is a vertically integrated mental healthcare delivery platform that starts with in-network, virtual or in-person therapists and integrates psychiatry and medication as supplemental support to create comprehensive care plans. The company leads with psychotherapy and coordinates care among psychotherapists, psychiatrists and primary care providers to close behavioral healthcare gaps. Its platform also handles insurance and billing and supports prescription fulfillment to streamline the patient experience. UpLift launched in May 2021 in DC and VA with BCBS CareFirst as its first health plan partner, has expanded into Maryland, and has partnered with United/Optum, Cigna and BCBS Anthem. The company plans to more than double its geographic footprint in 2022 and is expanding its hybrid model services to include psychiatric treatments. UpLift raised capital recently to support that expansion and continued buildout of its integrated-care infrastructure.
- Viirtue
Led · Series A · Mar 2023
Viirtue provides wholesale voice and unified communications as a service (UCaaS) through a proprietary all-in-one quote-to-cash software and reseller dashboard. The platform includes tools for sales, quoting, tax automation, marketing, and online learning. It is designed to help agents and value-added resellers become digitized service providers. The company plans to use recent funding to enhance its platform. Viirtue was co-founded in 2017 by Daniel Rosenrauch and Rob Finch and is based in Tampa, FL. The company raised $10.8M in a Series A round.
- Sojo
Led · Series A · Feb 2023
sojo is the vacation rental industry’s first automated amenity platform, offering curated supply kits to improve guest experience and turnover operations. The company leverages reservation data and guest preferences to automatically ship fit amenities, gifts, and more for each guest stay. Its solution is designed to simplify operations for short-term vacation rental managers of all sizes, from individual hosts to enterprise-level operations. sojo plans to use the funds to invest in technology and personnel to support its dynamic solution. The company is led by Founder and CEO Max Farley and is based in Irving, TX. The business recently closed a new financing to support growth.