Participated · Equity · Jul 2024

Lhoopa operates a technology platform that uses machine learning and AI to analyze listings, identify undervalued properties, and digitize bureaucratic workflows for brokers, contractors and other stakeholders. The company partners with local brokers and contractor groups rather than selling directly to end customers, providing dedicated apps for brokers and contractors to coordinate listings, work progress and payments. Lhoopa monitors around 9,000 areas across the Philippines and has sold over 2,500 affordable houses in more than 58 cities. The firm employs 95 people and works with roughly 5,000 agents and 100 contractor groups. Lhoopa plans to expand its customer base to include people without full-time employment (eg, gig workers) and aims to enter at least one other Southeast Asian country within the next 18 months. Management says the company is already profitable and will use new capital to grow real estate acquisition and construction operations.

Participated · Series A · Feb 2022

LandscapeHub connects landscape buyers and suppliers through a transparent online marketplace. The company was founded on a mission to make the lives of green industry professionals better. Its marketplace allows high-quality distributors, nurseries, and hard goods suppliers across the country to list up-to-date inventory and pricing and enables online ordering for buyers. To support continued growth, LandscapeHub recently closed a $5,000,000 revolving credit facility provided by Aequum Capital Financial. Aequum Capital Financial is a specialty finance lender that provides senior asset-backed and cash flow debt facilities of up to $25 million to small and medium-sized U.S. businesses. The credit facility is intended to support the company’s continued growth. LandscapeHub operates an intelligent marketplace that gives wholesale buyers real-time access to pricing and availability for plants and landscaping materials. Its platform uses proprietary data algorithms to match buyers with thousands of products from hundreds of suppliers, supports single-item purchases and bulk list uploads, and generates real-time estimates. Buyers can aggregate materials from multiple suppliers and arrange pickup or delivery using LandscapeHub's logistics network. The company reports approximately 100,000 product searches monthly, about 7,900 users, and 300 supplier organizations across 17 activated U.S. markets. LandscapeHub plans to use its Series A proceeds to expand its U.S. footprint, increase platform capabilities to source a wider range of products, and double headcount within the upcoming year. Founded in 2017, the company is based in Chicago. LandscapeHub operates an online B2B marketplace and custom procurement tool that connects buyers with nurseries, distributors, quarries, manufacturers and brokers of plants and hardscape products. The platform applies digital technology to optimize the procurement process for the nursery and landscape green industry. Buyers on the site have access to over six million plants provided by 85+ suppliers, with representation in 12 states. The company is led by Founder and CEO Lisa Fiore and co-founder and CTO Chad Cooper. LandscapeHub will use recent funding to continue building its platform, accelerate growth, and support sales, marketing and logistics. The company raised both equity and debt financing to support these plans.

Participated · Seed · Mar 2020

Rheaply’s core product is the Asset Exchange Manager (AxM), a hybrid asset-management system and peer-to-peer online marketplace that lets organizations visualize inventory, track depreciation and seamlessly exchange surplus resources. By combining transparent asset tracking with a gamified exchange interface and built-in sustainability metrics, the platform maximizes reuse, remanufacturing and proper disposal of materials. Clients across enterprises, academia and government—including the U.S. Air Force, Google, AbbVie, Exelon, MIT and several universities—have executed more than 5,000 transactions on AxM. These exchanges have diverted over 15 metric tons of waste and delivered millions of dollars in cost savings. With its newest capital, the company will roll out a multi-phase carbon product roadmap created with Microsoft, adding carbon-reduction reporting so users can link asset reuse to emissions accounting and potential carbon credit opportunities. Rheaply previously secured an $8 million Series A round in February 2021 and a $2.5 million seed round, bringing total disclosed funding to at least $12.7 million. The company positions itself as the first B2B asset-exchange platform to integrate carbon metrics, aiming to become a cornerstone of the circular economy.