Charmides Capital
2325 Pointe Parkway, Carmel, IN, 46032, United States
Overview
Charmides Capital is a venture firm that co-invests with institutional investors in Indiana and the Midwest to fund early stage startups. The firm identifies business to business software as a service companies (B2B SaaS) that we believe demonstrate high growth potential. With a group of partners who possess a diverse set of backgrounds, we bring strategic value to a wide range of companies. Charmides, Plato's uncle, was well known in 5th Century B.C.E. Athens for possessing the virtue of "sophrosyne", which has no direct translation in English. Plato immortalized this in a dialogue between Socrates and Charmides that bears the latter's name. The Greek word refers to a well developed consciousness of oneself and one's legitimate duties in relation to others. It involves both a sense of dignity and self-command, along with an awareness of one's strengths and weaknesses. We at Charmides Capital wish to emulate the virtue that Socrates's interlocutor demonstrates in all of our actions.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Business Development
- Financial Services
- Venture Capital
Investment portfolio
- Elevate Ventures
Participated · Seed · Jan 2022
ConverSight.ai offers a SaaS contextual decision-intelligence platform built around a patented AI business assistant called Athena that delivers insights and recommendations via natural conversation by connecting to customers' data. The company focuses on conversational analytics and supply chain optimization, allowing users to retrieve information quickly to support planning and execution. It recently launched an AI Workbench that enables customers to customize how they visualize conversational analytics data. ConverSight.ai says its technology uses patented augmented conversational AI and analytics techniques. With the new capital, the company plans to grow its marketing and sales teams and continue enhancing its product suite. The company describes its mission as delivering cutting-edge technology to all levels of the workforce to enable natural conversations with data and derived insights.
- HomeCourt
Participated · Equity · Jul 2018
NEX, founded in 2018, develops AI-powered motion-tracking entertainment and training apps for mobile devices. Its products include HomeCourt (launched in 2018) and the newly launched Active Arcade, which merge mobile vision AI to turn phones into motion-based games. HomeCourt has been used in more than 200 countries and was demoed alongside Steve Nash at an Apple iPhone special event. The company’s mission is to make motion-based entertainment universally accessible and to encourage more play and movement for kids and adults. NEX raised $25 million in a Series B announced in September 2021 to coincide with the Active Arcade launch. The company operates out of San Jose and Hong Kong and was founded by David Lee, Philip Lam, Reggie Chan, and Tony Sung. NEX Team’s flagship product, HomeCourt, is a mobile app that uses phone cameras and computer vision to measure shot trajectory, jump height, body position and other variables to help players improve shooting form. The app tracks makes and misses and provides feedback on release speed, foot placement and shot mechanics. CEO and co-founder David Lee describes the company as a "mobile AI" business applying computer-vision technology to sports rather than a pure basketball company. HomeCourt targets casual players but the company also sees use cases in recruiting and athletic centers on college campuses. To boost engagement it is rolling out bite-sized challenges and plans a social layer for content and community. TechCrunch reports the company recently raised $4 million from a group of institutional and individual investors.
- Realync
Participated · Seed · Oct 2016
Realync provides a cloud platform for multifamily housing operators to host live video tours, live virtual open houses, and DIY pre-recorded property videos. The platform enables leasing professionals to livestream, pre-record and distribute video tours to prospects and residents, preserving live dialogue and a personal touring experience. Realync says it serves thousands of apartment communities and saw rapid adoption during the COVID-19 pandemic: its user base tripled in four months and live video tours on the platform increased by over 11,000%. The company plans to continue investing in its product and team to meet ongoing demand for convenient virtual services after the pandemic. Realync is led by co-founders Matt Weirich (CEO) and Ani Rangarajan (COO) and is based in Carmel, Ind. Realync offers a cloud-based platform that enables live virtual property tours and open houses, allowing leasing and sales teams to connect and interact with prospects. The platform is used by teams in 47 states and 30 countries, including leasing teams from Alliance, Waterton, LivCor and Milhaus. Led by CEO Matt Weirich, the company serves both leasing and sales workflows with real-time virtual viewing tools. Following the raise, Realync plans to establish a new headquarters on the northeast side of Indianapolis and continue growth in the multifamily industry. The company intends to hire new employees, including a chief technology officer, customer success manager, engineers and sales staff. In conjunction with the financing, Tom Eggleston of Charmides Capital joined Realync’s board of directors. ReaLync offers a cloud-based platform that enables live virtual property tours and real-time agent interaction via web and iOS products. The company is led by co-founder and CEO Matt Weirich and is based in Chicago, IL. Since launch, its web and iOS product has exceeded 200 users across the United States and internationally. ReaLync intends to use the new capital to build out senior sales and development teams and accelerate product development. The company plans to raise a Series A round in early 2015. The focus remains on expanding product capabilities and scaling sales and support functions.