Led · Series A · May 2026

Exponent provides an integrated platform combining capital, expense management, and AI-powered accounting tailored for multi-unit franchise operators. The company positions itself as the Financial Operating System for America’s franchise operators, serving businesses within the $921 billion U.S. franchise economy. Exponent was founded and seeded by Era. It offers lending products for franchise acquisition, buildout, and bridge financing and plans to expand with AI Accounting products slated for release at the end of the year. The recently completed $40M equity-and-credit Series A is intended to accelerate product releases and scale lending and finance operations. Management emphasizes bringing strategic financial oversight onshore and automating bookkeeping to support franchise customers.

Participated · Series B · Apr 2026

Sepion Technologies develops ultra-thin, drop-in polymer separator coatings and membrane technologies intended to replace legacy ceramic materials in lithium-ion batteries. Its coatings aim to enable higher energy density, faster charging, and improved durability without requiring changes to existing battery manufacturing lines. The company reports its products are currently being manufactured on commercial production lines to support customer qualification with leading global battery manufacturers. Sepion is supporting multiple concurrent qualification programs for electric vehicle, energy storage system, and consumer electronics applications. Led by CEO Peter Frischmann and based in Alameda, CA, the company plans to use recent funding to scale U.S.-based polymer production, expand product lines, and strengthen quality and operations.