Participated · Seed · Feb 2024

Enkrypt AI builds Sentry, an all-in-one control layer and secure enterprise gateway that routes LLM interactions through proprietary guardrails for data privacy, model security, access controls and compliance. Sentry’s features include prompt-injection prevention, data sanitization and anonymization, continuous moderation, and testing for corner cases to reduce vulnerabilities and toxic outputs. The company says its technology can accelerate enterprise gen‑AI adoption by up to 10x and is currently being tested by mid- to large-sized enterprises in regulated industries such as finance and life sciences. Enkrypt was founded in 2023 by Yale PhDs Sahil Agarwal and Prashanth Harshangi and is headquartered in Boston. The startup is still at a pre-revenue stage with no major growth figures disclosed. Enkrypt plans to mature the product with design partners and expand adoption across more enterprises and model environments.

Participated · Preferred · Jan 2022

PosiGen installs and finances solar and energy-efficiency upgrades for homeowners in underserved communities, operating as a certified Public Benefits Corporation. The company has installed nearly 30,000 solar systems and generated over 645,000,000 kWh from solar panels since founding. PosiGen reports it has saved homeowners more than $65.9 million through its solar and energy-efficiency programs. With additional capital from Brookfield, PosiGen plans to scale its business and extend its savings-guarantee model to more households without regard to FICO score or income thresholds. The new funding is positioned as working capital to expand deployment and support continued growth of its Solar for All efforts. PosiGen offers residential solar and energy efficiency through a unique solar leasing model that removes barriers for low- and moderate-income homeowners by operating without restrictive income requirements or credit score minimums. The company pairs solar installations with energy efficiency upgrades and has completed more than 25,000 solar energy systems and 20,000 energy efficiency upgrades for nearly 22,000 families as of March 2023. PosiGen customers have produced nearly 570,000 MWh of electricity and saved an estimated $66 million on their utility bills to date. The company operates in multiple states and Washington D.C., and the PosiGen family includes more than 600 direct employees. With recent financing, PosiGen plans to deploy thousands more systems and upgrades in underserved communities to reduce energy burdens and scale decarbonization. A $12 million bridge loan is intended to boost cash flow immediately, help unlock federal Investment Tax Credit adders, and position the company to attract additional private capital. PosiGen delivers residential solar and energy-efficiency solutions aimed at low- and moderate-income homeowners through lease products and a partner program. The company says it has served more than 25,000 customers across California, Connecticut, Louisiana, Mississippi, New Jersey, New York, Pennsylvania, Maryland, Massachusetts, and Washington, D.C. PosiGen employs more than 600 direct employees and supports over 150 contract workers. Its Partner Program has helped 2,000+ homeowners go solar since launching in 2021. Headquartered in Louisiana and founded in 2011, PosiGen frames its work under a "Solar for All" mission to close the clean energy affordability gap. The company plans to deploy recent financing to expand into additional states and prioritize Energy Communities and Low-Income Communities identified under the Inflation Reduction Act. The new capital commitment is intended to support continued asset growth and broader access to clean energy for households with high energy burdens. PosiGen provides solar PV installations and energy-efficiency upgrades targeted at low-to-moderate-income (LMI) households, often packaged as solar-plus-efficiency offerings. The company says it has served over 19,000 customers to date, about 50% of whom are in communities of color. PosiGen has worked with partners such as the Connecticut Green Bank to offer no‑upfront‑cost solar leases with no credit requirements; a recent case study found higher delinquencies but a reasonable return on investment from that program. The company also deploys rapid‑response solar power stations for disaster relief, installing 12 stations after Hurricane Ida using 30‑panel (11,400 W) systems with batteries providing 27,000 watt‑hours. PosiGen plans to use new financing to grow the business and close the affordability gap for solar, storage, and energy‑efficiency upgrades for LMI customers. Headquartered in New Orleans, Louisiana, the company combines product deployment and financing solutions aimed at increasing access to clean energy among underserved communities. PosiGen provides rooftop solar and energy efficiency solutions to low-to-moderate income (LMI) households. Its core product is low-cost rooftop solar panel leases combined with energy efficiency upgrades, aimed at delivering lower utility bills and environmental benefits. The company has served over 17,000 customers to date, approximately 50% in communities of color, and reports more than 270 direct employees plus over 120 contractor-supported staff across Louisiana, Connecticut, New Jersey, New York and Florida. Customers can see dramatic savings well in excess of 20% of their annual energy spend. PosiGen intends to use proceeds from its Series D to expand into select markets nationwide to scale its model. Marathon Capital is advising on raising tax equity to support the company's accelerated growth plan.

Participated · Series D · Jul 2021

Urban Remedy produces certified organic, non-GMO Project Verified, gluten-free ready-to-eat meals, snacks and cold-pressed juices. The company was founded in 2009 by licensed acupuncturist Neka Pasquale and is based in Point Richmond, Calif. Its products are sold through 270 grocery kiosks in 21 states, online for nationwide delivery, and at Whole Foods and Safeway. Urban Remedy closed an $18M Series D to support growth. The company intends to use the funds to expand operations, improve manufacturing efficiencies, and increase consumer awareness through digital marketing investments. Urban Remedy produces plant-based, organic, non-GMO, ultra-fresh ready-to-eat meals, snacks, and cold-pressed juices. Founded in 2009 by licensed acupuncturist Neka Pasquale and headquartered in Point Richmond, California, the company ships nationally and operates 13 retail locations plus 30 Whole Foods kiosks across California. Its multi-channel go-to-market includes retail stores, branded kiosks, and direct-to-consumer delivery. The company reports two consecutive years of over 100% revenue growth. Urban Remedy says it is on a mission to reimagine the industrialized food system and make fresh, clean food more accessible. Leadership notes scaling a high-quality fresh food business is challenging and the company is partnering with investors and industry leaders to accelerate growth. Urban Remedy produces certified-organic, vegan, raw meals, snacks and premium juices and offers juice cleanse plans and meal drinks. It sells direct-to-consumer via online and mobile orders and through a limited number of Urban Remedy branded storefronts. The company was founded by Neka Pasquale and is led by CEO Paul Coletta. Urban Remedy plans to use newly raised capital to open a manufacturing facility in Point Richmond, Calif., and to hire e-commerce and food staff. Management also intends to increase marketing initiatives and expand its nationwide storefront footprint. The business model centers on prepared organic foods and direct delivery with a retail presence. Urban Remedy is a Los Angeles-based provider of fresh-pressed juice and nutrition-based drinks, snacks, and meals. Its offerings include hand-pressed, raw, organic fruit and vegetable juices; snacks that are gluten-, grain-, white-sugar- and dairy-free; and meal replacements formulated to deliver protein, fruits and vegetables. The company was founded by CEO Neka Pasquale, a certified Traditional Chinese Nutritionist, acupuncturist, healer, and entrepreneur. Urban Remedy targets consumers who are lacking weekly nutrition or who feel tired, ill, stressed, overweight, or overloaded from rich foods and alcohol. By the time of the article the company had launched nationally. The article reports the company raised $1M in seed funding.