Participated · Series B · Jan 2022

The Helper Bees operates a technology platform that helps older adults age safely at home by connecting payers and families to the largest and most diverse network of non-medical providers nationwide. Its marketplace coordinates services such as in-home caregiving, home modifications, groceries and meals, pest control, housekeeping, and transportation. The company reports a network of 20,000+ providers and says 43 of the largest payers tap into its platform; it is integrated into most Long-term Care and Medicare Advantage plans. The Helper Bees also launched helpful™, a flexible spending card designed to simplify payments for caregivers, providers, and payers. The company says its platform reduces administrative burdens for insurers around credentialing, fulfillment, and reimbursements and has helped millions of Americans retain independence. With new capital, it plans to broaden its reach and accelerate entrance into Medicaid and payment innovation. The Helper Bees provides an Aging-in-Place Marketplace and tech-enabled services that convene vetted in-home service providers onto a single delivery platform for payers and insureds. Its platform combines advanced data analytics, digital claims tools, and healthAlign’s compliance technology to streamline claims and drive cost savings for Long-Term Care Insurance and Medicare Advantage carriers. The company vets providers with a proprietary credentialing process aligned to Medicare standards to ensure compliance with federal, state, and local regulations. Using aggregated utilization and efficacy data, The Helper Bees aims to personalize aging-in-place interventions and inform future targeted services. Earlier this year the company acquired healthAlign and entered the Medicare Advantage market. The Helper Bees has grown rapidly recently, increasing revenue 3x in just over a year and expanding its team 8x. The company plans to expand its Marketplace services and delivery to reach a wider variety of aging Americans and other organizations that support caregivers. The Helper Bees builds software and services that combine skilled professionals with a proprietary, data-driven technology platform to improve the home-care experience and claims processing for long-term care, workers’ compensation, and disability carriers. Its Care Concierge program shows early success in bending the claims cost curve and helping people remain healthy and independent at home longer. THB works with insurance carriers to digitize operations, source care options, and apply machine learning for care and claim analytics and processing. Since launching in 2017, the company has acquired over 12 insurance clients, most of which are large Fortune 300 companies, and its revenue grew 8X in the past year. The team completed the acquisition of nurse-care management company Dimensions and is led by cofounders Dr. Char Hu, Eric Corum and Danny Lynch. THB plans to use new capital to expand partnerships in the long-term care insurance market, further develop products to reduce costs and improve outcomes, and vertically expand into workers’ compensation and disability insurance markets.

Participated · Equity · Dec 2021

Velostics is a Houston, TX-based software-as-a-service company specializing in unified scheduling of appointments, dock and yard management, and digitizing the gate in/out process for shippers, brokers, freight forwarders and end customers. The platform automates communication between carriers and shippers’ warehouse and plant systems and logistics teams to schedule, check-in, and load vehicles faster and error-free. The company defines unified scheduling as the orchestration of inbound and outbound truck scheduling for shippers across their supply chain from vendors to end customers. Velostics raised $1.95M in a seed+ funding round led by current investor Starboard Star, with participation from Flyover Capital, Small Ventures USA and new investor Capital Mazapil. The company intends to use the funds to grow their network of shippers and their brokers, freight forwarders and 3PL providers. Gaurav Khandelwal is the founder and CEO. Velostics provides an AI-driven SaaS platform that automates communication between carriers, facility systems, and logistics teams to schedule, check in, and load vehicles faster and without paperwork. Its location-specific Velostics Pass™ and QR-code workflows enable contactless data exchange and eliminate manual scheduling and receiving delays. Customers (3PLs, manufacturing plants and bulk terminals) report roughly a 90% reduction in scheduling costs, a 60% reduction in manual check-in time, and a 7% improvement in gate-to-gate time and throughput. The company highlights its ability to minimize demurrage and errors and to deliver ROI in a matter of months. Velostics says this value positions it to capture a $37B inbound logistics management market that is separating from warehouse and yard management. The company also cites environmental benefits, noting orchestration of truck movement reduces idling-related emissions as described by its CEO.

Participated · Equity · Oct 2021

Insiteflow is an Austin, Texas-based company offering a cloud-based platform for EHR workflow interoperability. Led by CEO Anthony Gerardi, the company helps physicians transform clinical and financial results by embedding external third-party solutions into EHRs. Its patent-pending platform provides single sign-on, fully interactive access inside EHRs, and automation that writes clinicians’ decisions back into EHRs and supporting systems. The integrations are designed to drive physician utilization of those external solutions through embedded workflows. The company says the new financing will accelerate expansion of its customer base and its proprietary cloud-based platform.

Participated · Seed · Jun 2021

Aiden Technologies provides software packaging, deployment, and IT automation for Microsoft Windows environments. Led by CEO Josh Aaron, the company pairs Microsoft Modern Management expertise with an AI bot to automate smart packaging and software distribution. Its platform ensures computers receive the exact software required, keeps machines up to date, reduces security risks, and improves end-user digital experience. Customers include large asset managers in the private equity industry, hedge funds, law firms, and other enterprise Windows users. Aiden completed a $4.5M Seed funding round and intends to use the proceeds to expand operations and broaden its business reach. The company emphasizes automation and AI to reduce manual work and security exposure in Windows environments. Aiden Technologies offers an autonomous patch management, software deployment, and endpoint security managed service that automates keeping Windows networks up to date and secure. Its solution uses AI as an automated tactical layer alongside existing deployment tools to reduce the time and resources needed to maintain Windows PCs, servers, and VDI by 75% or more. The product is positioned for highly regulated industries such as financial services, life sciences, insurance, and healthcare, and the company says its technology has been proven in some of America’s leading private equity firms. Aiden recently launched a thought-leadership series and is actively engaging the market on zero-trust and AI-enabled security topics. Financially, the company completed a $2.9 million seed funding round to support product hardening and go-to-market expansion. The company plans to use the proceeds to fortify its automated endpoint management solution and execute its GTM strategy.

Participated · Equity · Mar 2021

Rollick operates the GoRollick Powersports, RV, and Boat Buying Program Marketplace, connecting manufacturers, dealers, and finance and insurance providers with in-market consumers to deliver a seamless customer journey. Its solutions include new customer acquisition, enterprise lead management, customer experience/loyalty, and marketing automation. The GoRollick.com marketplace includes a nationwide network of dealers and relationships with over 80 manufacturers. Its affinity partner network provides access to over 250 million customers, including insurance policyholders, employees at more than 2,000 top U.S. companies, members of the military, veterans, and first responders. Rollick is led by founder and CEO Bernie Brenner and is based in Austin, TX and St. Louis. The company has raised a total of $22M to date and will use the new funds to expand programs nationwide and secure new programs from recreation industry players. Rollick is an Austin, Texas-based affinity buying program and enterprise lead management solution that connects manufacturers, dealers and in-market consumers across the powersports, RV, marine and industrial equipment industries. Its product suite includes new customer acquisition, enterprise lead management, customer experience/loyalty and marketing automation, and it operates a national outdoor recreational vehicle buying network spanning hundreds of dealers and more than 60 manufacturers. The company reports an affinity partner network with access to over 50 million customers, including insurance policyholders, employees at more than 2,000 top U.S. companies, members of the military, veterans and first responders. A portion of recent funding was used to acquire Avala Marketing Group, an OEM-to-dealer marketing automation, lead-nurturing and loyalty management platform focused on marine, RV and industrial manufacturers. Rollick plans to use its capital to continue progress in the powersports and RV industries and to expand its full suite of products into the marine and industrial channels. The combined company aims to provide manufacturers and retailers in distributed dealer networks with an end-to-end marketing solution. Rollick is developing an online marketing platform aimed at RV, boat, motorcycle and powersports dealers to create a more personalized, digital buying experience. The company plans to launch in select markets including central Texas this year and to expand nationally in early 2018. It will use the newly raised capital to hire sales and marketing staff in Austin and to accelerate product rollout. Rollick’s leadership includes CEO Bernie Brenner (co-founder and Chief Strategy Officer of TrueCar), President Amit Maheshwari (former SVP of global enterprise solutions at Cox Automotive) and COO Mike Timmons (former EVP of dealer sales operations at TrueCar). The company positions its product as modernizing marketing and search to help consumers find the right product and work with the right dealer. Financially, the article reports a $5.6 million funding round to support these plans.