Participated · Equity · Oct 2023

Society Brands is a Canton, OH-based tech-enabled consumer products company that acquires and operates e-commerce-native DTC and marketplace brands. Led by CEO Michael Sirpilla, the company owns and operates seven distinct brands including Capsule Supplies, Barnesmith, Power Theory, and Wolf Tactical. It acquires e-commerce native brands, offering entrepreneurs liquidity while allowing them to remain involved and roll equity into Society Brands’ platform. Additional brands are currently in the company’s acquisition pipeline. Society Brands raised an additional $25M in equity funding and had most recently secured $11M in a round led by Gullane Capital, with Callais Capital and North Coast Ventures also participating. The company plans to use proceeds to continue acquiring brands, further build out its operating team and infrastructure, and provide financial strength to its balance sheet. Society Brands acquires e-commerce native consumer products brands with a heavy concentration on Amazon (and their own DTC sites) and offers a founder-friendly model that encourages sellers to stay on as Brand Presidents. Launched in October 2020, the company is positioned as a tech-enabled platform that shares best practices and resources across acquired brands. It plans to use capital to accelerate acquisitions of Amazon FBA businesses, hire additional talent, expand its operating platform, and build proprietary technology for deal sourcing. Leadership touts collective e-commerce experience that has generated over $2 billion in sales and participation in two billion-dollar M&A consolidations. The company projects growing its portfolio to over $1 billion in revenue in the next few years. Society Brands emphasizes a community-driven approach to integration and founder alignment.

Participated · Series B · Oct 2022

Resilia provides a SaaS platform that delivers on-demand technical assistance, coaching, and capacity-building resources to nonprofits and funders. The product is designed to help organizations increase day-to-day capacity and allow funders to extend impact beyond monetary grants. The company reports over 300% annual revenue growth and net revenue retention greater than 150%. Resilia serves more than 15,000 nonprofit users and counts enterprise customers including Oxfam America, the Robert Wood Johnson Foundation, Goldman Sachs’s One Million Black Women Initiative, Silicon Valley Community Foundation, the United States Tennis Association Foundation, and The Boston Foundation. The company plans to scale its technology platform and expand access across North America to bring more organizations into its ecosystem. Resilia positions its platform as a pathway for funders seeking to support equity and justice efforts through capacity-building assistance beyond grants. Resilia provides a two-sided SaaS platform enabling grantors (cities, private foundations, corporations) to deploy capital quickly and helping nonprofits with compliance, management, training, and funding. Its product suite includes Nonprofit Formation (available in all 50 U.S. states), Nonprofit Pro and Plus for compliance and capacity-building, and an Enterprise solution for grantors to streamline data collection, budgeting, grantee management, reporting, and evaluation. The company emphasizes online training, webinars, and productized consultancy services to reduce costs and increase nonprofit capacity. Resilia reports more than 2,800 customers, including Oxfam America, Kellogg, The United Way, and Stem Library Lab. Founded in 2016 by Sevetri Wilson, the company is headquartered in New Orleans with a second office in New York City. Its stated mission is to democratize innovation across the nonprofit industry by pairing technology with human connection to bridge gaps between capital deployers and recipients.

Led · Equity · Jun 2021

Something Borrowed Blooms is an online silk floral service that operates a rental model for wedding flowers. The company was founded by cousins Lauren Bercier and Laken Swan in Lafayette, LA. It serves an average of 700 weddings per month across the US and Canada. The business operates from a 10,000-square-foot warehouse that it plans to expand into a headquarters in Lafayette. The company intends to use new funds to broaden its product offerings and enhance its technology solutions. Since 2015 the company has raised just over $2M in total funding.

Led · Seed · Apr 2016

Scandy develops tools that convert depth-aware and 360 photography into full-color 3D prints, including spherical prints for 360 cameras. Its product accepts input from depth-aware cameras and platforms such as Google’s Project Tango, and the company also provides an iOS app for capturing full-surround photos. Scandy runs a gallery of sample prints to showcase its output and workflows. The company aims to make capture, sharing and ordering of 3D prints simple for average consumers. Scandy announced a $1 million angel/seed investment to help bring the technology to a broader audience. An Android app was promised to arrive by the end of the month.