Participated · Series A · May 2020

TimeDoc Health is a Chicago, IL–based virtual care management activation company led by CEO Will Boeglin. The company combines a SaaS platform with care coordination services to support chronic care management, remote patient monitoring, and behavioral health integration. Its solution helps providers establish care management programs to deliver continuous, comprehensive care for patients with chronic health conditions. TimeDoc pairs software and staffed care coordination to operationalize chronic care programs. The company raised $48.5M in a Series B and plans to use proceeds to hire additional care coordination staff, sales and marketing personnel, and developers to expand its technology capabilities. TimeDoc provides a software platform for virtual care management programs used by hospitals, physician group practices, and Federally Qualified Health Centers. Led by CEO Will Boeglin, the platform is leveraged for Chronic Care Management and Behavioral Health Monitoring. Since launching in 2016 the company has raised over $8M in total funding. TimeDoc plans to use new capital to accelerate sales resources, strengthen Electronic Health Record (EHR) integrations, roll out Remote Patient Monitoring, and develop tools to improve outcomes for chronically ill patients. The company’s clients use its software to manage remote care workflows and patient monitoring across provider settings. The business is headquartered in Chicago, IL. TimeDoc Health is a Chicago-based provider of cloud-based digital care management solutions and digital nursing services that coordinate care for chronically-ill patients. Its solution combines a care management platform with digital nursing services to engage, monitor, and coordinate care on a monthly basis. The company works with 70+ healthcare clients participating in programs such as Medicare’s Chronic Care Management (99490 / G0511), Comprehensive Primary Care Plus, Patient-Centered Medical Home, and state-wide opioid use disorder programs. These engagements generate new monthly recurring revenues for clients and help prepare them for value-based reimbursement models. TimeDoc serves Federally Qualified Health Centers, Rural Health Clinics, multi-specialty and primary care practices, community hospitals, and independent physician associations in over 30 states. The company plans to use the funding to expand its platform into behavioral health and remote patient monitoring and to double its headcount within the next 12 months.

Participated · Series B · Jul 2019

15Five combines software with coaching, manager training, and a professional community into a single-platform holistic performance management solution for HR teams. The platform aims to improve manager effectiveness, drive high performance and engagement, and increase employee retention. Product offerings include 360 performance reviews, in-depth engagement surveys, goal & OKR tracking, and weekly manager-employee feedback tools such as 1-on-1s and pulse ratings. The company serves HR leaders at over 3,500 companies, including Credit Karma, Spotify, and Pendo. 15Five recently received a strategic investment from ServiceNow that supplements a $52M Series C it announced in July; the funding is intended to accelerate product development and integrated manager training and coaching. The company is led by CEO David Hassell and is based in San Francisco, CA. 15Five offers a single-platform performance management suite that combines subscription software with training and coaching to measure engagement, run performance reviews, track OKRs, and deliver weekly feedback. Its product set includes 360 reviews, engagement surveys, goal & OKR tracking, and tools for manager-employee 1-on-1s and pulse ratings, plus a subscription training/coaching product called Transform launched in August 2021. The company focuses on small and mid-sized businesses (100–2,500 employees) and integrates with HRIS, payroll, and other systems to surface people analytics. 15Five serves over 3,400 companies, including customers such as Spotify, Credit Karma, HubSpot, and Pendo. The firm says its solution helps HR leaders develop managers and drive performance from the bottom up. 15Five is based in San Francisco and will use new funding to invest in R&D, deepen integration of software with coaching, scale go-to-market efforts, expand into new markets, and pursue potential acquisitions. 15Five offers a SaaS performance-management product centered on frequent self-evaluations (described as "15 minutes to write, 5 minutes to read") and peer recognition features called "High fives." The company emphasizes regular, real-time feedback and goal-setting to replace infrequent annual or biannual reviews. Management plans to continue building out core product functionality and to expand into adjacent services and coaching alongside its software. The CEO has also launched a podcast with the company’s chief culture officer around "best-self" management, reflecting an interest in productizing organizational-development and positive-psychology principles. 15Five is based in San Francisco and currently focuses on small- and medium-sized business customers. The company has raised a total of $42.6 million to date and says its valuation is higher, though the exact number is undisclosed. 15Five is a San Francisco-based continuous performance management platform led by co-founders David Hassell (CEO) and Shane Metcalf (Chief Culture Officer). The product enables employees to grow and develop in 15 minutes each week through weekly check-ins, employee recognition, Objectives and Key Results tracking, and 360° reviews. The platform integrates with business applications including Slack, BambooHR, Namely, Okta and OneLogin. The company intends to use new funding to accelerate product innovation, scale sales, marketing and product teams, and grow headcount as part of global growth initiatives. Financially, 15Five has raised $11.9m in total capital to date, including the current round. The offering targets ongoing employee performance management and development for businesses. 15Five offers a feedback platform designed to help managers and employees communicate regularly and drive team performance. The product encourages daily engagement but remains flexible enough to be useful in brief sessions. Typical customers are managers, executives and CEOs rather than HR departments. The company has picked up roughly 1,000 business customers, with a strong leaning toward the tech sector. 15Five is headquartered in San Francisco. With the new funding it plans to hire sales and marketing talent to grow the business and is considering integrations before expanding core functionality.

Participated · Series B · Apr 2019

BacklotCars operates an online wholesale marketplace that lets auto dealers, auto finance companies, and rental car firms buy and sell vehicles without attending physical auctions. The platform offers an end-to-end solution including vehicle inspections, transportation, and inventory finance services. Led by CEO Justin Davis and based in Kansas City, Mo., the company has been expanding its geographic footprint (it grew more than 500% in 2018). BacklotCars raised new capital to accelerate further geographic expansion. The business had $25M in Series B financing, bringing total funding to $38M. The company plans to use the proceeds to continue expanding its geographic presence across markets. BacklotCars operates an online marketplace that enables auto dealers, finance companies, and rental firms to transact used-vehicle inventory without attending physical auctions. The platform connects wholesale buyers and sellers across the United States and provides services to source, transport, finance, and sell used cars. Led by founder and CEO Justin Davis and based in Kansas City, MO, the company has expanded into several new states. It is adding hundreds of new dealers every month as transaction volume has surpassed $100M on an annualized basis. The product aims to streamline wholesale vehicle sourcing and inventory management for dealers and related businesses.

Participated · Series D · Nov 2018

ParkWhiz operates a transactional parking marketplace that lets drivers find and reserve parking via mobile app, SMS, embedded in-car solutions, and voice through Alexa. The service has expanded across the U.S. and Canada and reports 40 million customers who have used ParkWhiz to find parking. It powers transactional parking for hundreds of partners including sports teams and venues, events, travel providers, airlines, hotels, automotive OEMs and navigation systems. ParkWhiz offers an Alexa skill that enables voice-only parking reservations and is pursuing deeper integrations with Alexa in vehicles and other contexts. The company has built an "Arrive" parking network and is adding strategic investors to expand customer reach and inventory. The articles indicate the company is growing distribution and integration rather than reporting standalone revenue figures. ParkWhiz operates a mobile marketplace that helps drivers find and book available parking spots and provides parking operators with technology to manage inventory. The company announced its largest raise to date alongside the acquisition of New York-based competitor BestParking to expand access, particularly in the New York market. With the acquisition, ParkWhiz says its platform includes over 800,000 spaces across 4,000 parking locations in 50 major U.S. cities. The combined reach of ParkWhiz and BestParking drove over $50 million in revenue to parking operators in 2015. The company also reported over 1 million bookings in New York City alone in the past year. ParkWhiz is led by co-founder and CEO Aashish Dalal, who emphasized the company’s focus on a frictionless experience for drivers and efficient technology for parking operators. ParkWhiz operates a mobile app, website and data APIs that let drivers find and book guaranteed parking in garages, lots and near sports stadiums. The company also builds software to help parking owners manage and market their spaces. ParkWhiz aggregates parking lots, garages and driveway owners to provide real-time availability and pricing. The founders, Aashish Dalal and Jon Thornton, launched the business in 2006 out of frustration finding parking at ballgames. ParkWhiz is based in Chicago and has grown its product set to serve both consumers and parking owners. The company recently secured new venture funding to support continued product and market expansion. ParkWhiz applies an OpenTable-style model to parking, letting users search, compare price, location and amenities, and reserve spots via web and mobile apps. The company partners with parking lot owners ranging from single-space owners to large parking management firms to list inventory. ParkWhiz works with over 2,000 parking lots nationwide, giving customers access to over 3 million parking spaces. More than a million people have used ParkWhiz to find and reserve parking. It has signed partnerships with StubHub, TicketsNow, NFL and NCAA teams and other sports and entertainment organizations to serve event attendees. The company faces competition from Spotswitch, Primospot, and other parking-reservation services.