Participated · Debt Financing · May 2026

DC BLOX develops, owns, and operates integrated digital infrastructure assets including hyperscale-ready data centers, cable landing stations, and a dark fiber network across the Southeast. The company currently operates data centers in Birmingham and Huntsville, Alabama; Chattanooga, Tennessee; and Greenville and Myrtle Beach, South Carolina, and is developing additional projects in Conyers and Douglasville, Georgia; North Augusta, South Carolina; Palm Coast, Florida; and Montgomery, Alabama. Its cable landing stations in Myrtle Beach and Palm Coast provide international connectivity into the Southeast while its dark fiber network across South Carolina and Georgia serves as a connectivity backbone for hyperscale customers. DC BLOX has prioritized building and leasing hyperscale campuses in the region and describes its platform as vertically integrated to support development and operations. The company noted multiple investment-grade rated, preleased hyperscale projects in its portfolio, underscoring commercial momentum as it scales across the Southeast.

Participated · Series A · Sep 2025

Tidal Cyber offers a Threat-Led Defense platform that helps organizations measure and improve the effectiveness of their security stack against real-world threats and adversary behavior. The platform operationalizes MITRE ATT&CK and delivers independent tools and services to align security efforts to the threats that matter without vendor bias. Tidal Cyber plans to build a comprehensive CTI and adversary behavior–driven platform to shift organizations from managing intel to proactive, threat-informed defense. The company raised $10 million in Series A funding to accelerate product innovation and fuel company growth. Tidal Cyber was founded in 2022 and is based in Reston, Va. It was co-founded by three former MITRE experts — Rick Gordon, Richard Struse, and Frank Duff — who bring extensive experience in threat-informed defense and related standards and programs. Tidal Cyber offers a Threat-Informed Defense SaaS platform (Enterprise Edition) that aggregates MITRE ATT&CK®, third-party threat intelligence, and internal research to produce Tidal Confidence Scores and Coverage Maps. The platform recently integrated Breach and Attack Simulation (BAS) test results to compare tests against existing confidence scores. The company also maintains a freely available Community Edition used by over 3,000 security professionals globally. Tidal Cyber plans to use new investment to accelerate go-to-market activities, expand sales and marketing, and enhance both Community and Enterprise Editions. The company reported customer and financial growth exceeding 10x over the past year. Founded in January 2022 by threat-intelligence veterans with experience at MITRE and the U.S. Department of Homeland Security, Tidal Cyber aims to lead adoption of Threat-Informed Defense across critical infrastructure segments. Tidal Cyber offers a threat-informed defense platform that embeds the MITRE ATT&CK knowledge base to help security operations teams focus on the most relevant adversarial tactics and techniques. The platform includes a threat profile builder to identify and prioritize relevant threats, a prioritized to-do list for daily defensive actions, a map to optimize defensive tooling, and a proprietary confidence score to assess cyber posture. Tidal’s tools aim to align threats with the right defensive capabilities and streamline communication about an organization’s security program. The company is led by CEO Rick Gordon, CTO Richard Struse, and CINO Frank Duff. Tidal plans to use newly raised capital to accelerate growth of its platform. The company is based in Reston, VA. Tidal Cyber offers a SaaS-based threat-informed defense platform that maps an organization’s security capabilities to adversary tactics and techniques, including MITRE ATT&CK and additional intelligence sources. The platform includes a registry of vendor product capabilities mapped to adversary behaviors to produce actionable insight on defensive coverage, gaps, and overlaps. Tidal provides a free Community Edition that was made generally available at Black Hat USA in early August, featuring enriched technique data and the Tidal Product Registry. The company plans an enterprise edition with enhanced features, including reporting driven by a Tidal Confidence Score to help evaluate and communicate cyber risk reduction. Led by CEO Rick Gordon, Tidal intends to use the new funding to expand the platform and ramp up customer acquisition. Financially, the company raised $4M in funding to support these product and go-to-market efforts.

Led · Equity · Oct 2023

Prove Identity builds mobile-first identity verification technology that links a phone’s SIM data with handset functionality (for example, facial recognition) to authenticate users and trigger actions like pre-filled forms, verification flows and password-free authentication. The company says the mobile handset remains central to its proposition and markets its tools as delivering faster onboarding, lower abandonment and reduced fraud (it cites 79% faster onboarding, 35% reduction in abandonment and a 75% reduction in fraud). Prove serves roughly 1,000 business customers, including major banks, retailers, insurers and firms such as FanDuel, Experian, Visa, Starbucks, BlueCross BlueShield and DocuSign. It reported 40% international growth in the last year and says it is cash-flow positive. Historically, the company (originally Payfone) reported processing 20 billion authentications in 2019 and was founded around 2008. Prove plans to use the new funding to build out more tools for digital payments and commerce and to expand its fraud-detection capabilities. Payfone provides a B2B2C platform that creates trust scores and tokens from telecoms and mobile-phone signals to identify and verify users without storing personal data. Its technology is used by carriers, banks, healthcare and insurance companies to authenticate transactions and logins, operating invisibly as a complement or alternative to other authentication methods. The company plans to build more machine learning into its algorithms, expand into 35 additional geographies, and pursue strategic acquisitions to broaden its technology stack. Payfone has discussed forming a consortium or clearing-house approach to share identity signals securely. It processed 20 billion authentications in 2019 and reported roughly 70% year-over-year growth, with a stated aim to reach 100 billion authentications in coming years. Payfone says it is already profitable and has raised $175 million to date. Payfone provides Trust Platform™ and Trust Score™ to enable businesses to instantly verify customers and thwart fraud and cyberattacks in real time. The company operates within a privacy-first, zero-knowledge framework that prevents consumer information from being passed, stored, or aggregated. In March it announced the next phase of its Zero-Knowledge architecture to enable identity verification partners, such as mobile network operators, to verify identities without sharing consumer information. Payfone serves six of the top ten US financial institutions and customers in healthcare, insurance, technology and retail. In 2018 the company authenticated 20 billion transactions for Fortune 500 companies and said it expected to double that number in 2019. The company is led by CEO Rodger Desai. Payfone operates a patented digital identity authentication platform that dynamically analyzes millions of signals to generate a proprietary Trust Score for each digital identity. Its product suite includes Fonebook, Instant Authentication for Mobile, Instant Authentication for Voice, Trust Score, and Identity Pre-Fill, all intended to accelerate revenue, improve conversions, and reduce fraud and operating expense. Payfone positions its technology to replace one-time SMS passcodes and knowledge-based authentication, thwart SIM-swap and porting fraud, and improve call-center authentication. The company says it is trusted by the world’s largest banks, insurers, brokerages and technology companies and targets sectors including retail, financial services, insurance, healthcare and technology. Payfone emphasizes delivering strong cybersecurity without sacrificing customer experience and aims to expand these benefits to more companies and customers. The company’s latest funding round totals $23 million; terms of the round were not disclosed. Payfone is a New York–based provider of mobile identity authentication for digital channels. It develops a patented mobile authentication technology that businesses use to protect customers from identity theft and social engineering attacks. The company's solution is positioned to limit fraud losses and reduce authentication-related expenses while driving customer engagement. Payfone is led by CEO Rodger Desai. In May 2017 the company raised $23.5m in a Series E financing. The round also included board additions tied to the financing.

Led · Equity · Nov 2022

Hopper is a mobile-first travel booking app that began with web‑crawling and flight‑price prediction technology and now sells flights, hotels, homes and rental cars. The company offers differentiated features such as airfare price freezes, “cancel for any reason” and flight disruption guarantees; Hopper says price freezes represent about 40% of its app revenue. Hopper has expanded into B2B with Hopper Cloud, a white‑label program now comprising more than 40% of its business, and it powers products like Capital One Travel and the Premier Collection. The company is pushing social commerce (referrals, share‑to‑earn, team buying and daily gift) and says international sales rose from under 3% to over 20% of sales. Hopper reports more than 80 million downloads, expects platform sales to exceed $4.5 billion this year, employs about 1,500 people, and claims roughly 11.2% of the U.S. third‑party air travel market. Management has said the company plans to eventually go public; Hopper was last reported at a $5 billion valuation earlier this year. Hopper started as an app-focused air and hotel booking platform and has expanded into vacation rentals and fintech-style insurance products. It enables consumers to freeze airfare or hotel prices for a fee and distributes these services through partners such as Kayak, Capital One, MakeMyTrip, and Trip.com Group. The company says more than 70% of its airfare revenue now comes from those fintech services, and it reports North American flight market share in December was 300% higher than pre-pandemic. Hopper has about 2 million vacation rentals on its platform via partnerships and is hiring developers to transition from app-only to desktop. Management says it is building out Hopper Cloud and iterating fintech capabilities, and plans a cancel-for-any-reason feature that has not yet launched. The company is funneling profits back into marketing to accelerate growth. Hopper operates an AI-powered travel booking platform and fintech suite that offers protections against pricing fluctuations, no-hassle rebooking and cross-airline rebooking for missed connections. Its fintech products include Cancel for Any Reason, Change for Any Reason and a Rebooking Guarantee. The company says revenue is on track to surge 330% year-over-year and is already up 100% versus its last pre-pandemic quarter. Hopper has raised nearly $600M to date and recently closed a new $175M Series G. The company will use proceeds to scale customer support (it has already grown the team 200% and deployed automation resolving 60% of inbound requests) and plans to hire 500 people, including 300 in customer service. It is pursuing acqui-hires focused on travel, data science and engineering, plans to add home rentals to its product set, and aims to expand into Europe and Asia. Hopper is also white-labeling booking products through Hopper Cloud and partnering with Capital One and Amadeus to distribute its fintech booking tools. Hopper is a mobile-only travel booking app that uses artificial intelligence to help users search for and book hotels and flights directly in-app as an OTA, earning commissions on bookings. The company builds user profiles and lookalike models to recommend trips, and reports that 25% of its bookings are driven by AI-generated suggestions with conversion rates 2.6x higher than explicit searches. Hopper has passed 30 million installs and 75 million trips planned, and says it’s on track for nearly $1 billion in sales this year. The company is not currently profitable, reinvesting returns to fuel growth. Hopper plans to use the new funding to further develop its AI algorithms and expand deeper into international markets, having recently added 47 low-cost carriers in Europe and boosted regional sales by 154% year-over-year. While it may consider alternate accommodations later, its immediate focus is scaling hotel supply and its mobile product. Hopper is a mobile-only airfare price-prediction and booking app whose forecasting software claims up to 95% accuracy a year in advance. The app combines price-forecast models with push notifications to convert users into buyers. Downloads grew from 1 million to over 10 million in a year, with more than 1 million installs per month and 18 million trips tracked. Hopper says sales grew 23x year-over-year and it is selling roughly $1 million in flights per day. The app sends over 20 million notifications monthly and reports that 90% of bookings come from those alerts. Hopper plans to continue international expansion (currently selling tickets in 126 countries) and to grow headcount from 40 to 120 employees in Montreal and Cambridge by the end of next year.

Participated · Equity · May 2022

SimpliSafe is a Boston, MA-based provider of home security solutions that now protect millions of people. Led by CEO Christian Cerda, the company sells home security products and recently launched a Wireless Outdoor Camera. It has created an owned-and-operated professional monitoring center in Richmond, Virginia. Last year SimpliSafe surpassed its projection of $400 million in annualized recurring revenue. The company raised over USD200M to invest in its workforce, technology and professional-monitoring capabilities and to refinance existing facilities. SimpliSafe said it will use the proceeds to hire across the business and to improve its monitoring and technology offerings. SimpliSafe offers a self-installable, under-$300 home security system that can be purchased without a contract and includes professional monitoring. The company was founded in 2006 and has installed over 100,000 systems since its founding. SimpliSafe positions itself in the DIY home-security segment, targeting renters and lower-income consumers underserved by traditional providers. It leverages IoT and smart-home technologies to deliver lower-cost, easy-to-install alternatives to professionally installed systems. The broader DIY home-security market is projected by NextMarket Insights to reach $1.5 billion by 2020, indicating a sizable growth opportunity for companies like SimpliSafe. The company received a $57 million investment from Sequoia, reflecting venture interest in its business model and traction.