Participated · Equity · Sep 2025

WorkFusion provides pre-built AI Agents that handle labor-intensive, document-heavy processes across anti-money laundering, sanctions screening, Know Your Customer, transaction monitoring and related financial crime compliance workflows. After a 2022 restructuring to focus exclusively on agentic AI, the company leverages more than a decade of work in automation and intelligent document processing. Its technology is currently deployed by 10 of the world’s top 20 banks, where it automates over one million alert hits and eliminates the need for roughly 5,000 full-time-equivalent hours each day. Management reports that customers collectively save about 40,000 hours of manual work daily, scaling compliance team capacity by three- to five-fold. WorkFusion positions its offering as faster, cheaper and more consistent than hiring or outsourcing, mitigating the mounting backlog and cost pressures faced by compliance teams. The company is targeting the $155 billion financial crime compliance operations market and expects accelerating adoption as 85% of financial institutions plan to deploy AI agents in 2025, according to an April 2025 Georgian/NewtonX survey. The recent financing provides capital to expand product capabilities and support global growth.

Participated · Series D · Apr 2023

Altruist provides a vertically integrated custody and wealth‑management platform that combines a self‑clearing brokerage with software for account opening, trading, reporting, billing, and client-facing mobile tools. The company offers features such as custom models, fractional shares, automated rebalancing, and in 2024 launched a high‑yield cash account, automated tax management tools, and a fully digital native fixed‑income trading experience. Altruist reported triple‑digit growth in revenue, brokerage accounts, and advisors served, now serving over 4,700 advisors and having tripled assets under management for two consecutive years. Average firm size on the platform is up 43% year‑over‑year, and the 2025 T3 Software Survey showed market share growth from 2.85% to 6.25% and All‑Star ratings in custody, portfolio management, trading/rebalancing, billing, and cash management. The company has expanded its executive team (including hires for CBO, CTO, and GC) and is adding third‑party trading integration enhancements scheduled later this year as it pushes into the enterprise market. A recent financing values the company at approximately $1.9 billion. Altruist combines a self-clearing brokerage with intuitive software for account opening, trading, reporting, billing, model creation, fractional shares, automated rebalancing, and a mobile client app. The platform is vertically integrated and focused solely on serving RIAs, allowing faster product development and cost advantages versus legacy custodians. Altruist eliminated all software fees last year for advisors using its brokerage accounts and recently published a simple, transparent fee schedule. The company reported revenue growth of over 550% in 2023 and has tripled assets under management for two consecutive years. It is now the third largest custodian by RIAs served and was named the #1 custodian advisors are considering switching to by industry analyst T3. Altruist is scaling its service organization and planning new products and services in 2024, including a 5.10% APY Altruist Cash account and upcoming tax management features. Altruist vertically integrates clearing, custody, and advisory software into a single platform for RIAs. Its product combines a self-clearing brokerage with account opening, trading, reporting, billing, model management, fractional trading, automated rebalancing, and a client mobile app. The company recently acquired advisory services firm SSG and launched a new brokerage offering, actions that made it the third largest custodian by number of firms served. Altruist plans to use the new funding to expand service offerings and target mid-sized RIAs managing $100 million to $1 billion in assets. Operationally, Altruist nearly tripled assets under management in 2022, grew revenue by over 1,700% year-over-year, recorded record asset inflows in Q1 2023, and expects to reach profitability within the year. Founded in 2018, the company emphasizes customer service and technology to reduce advisors' operational costs and scale affordable financial advice. Altruist offers an integrated digital platform that enables modern financial advisors and RIAs to open accounts, invest, build models, report, and bill from a single system. Led by founder and CEO Jason Wenk, the product is designed to streamline and personalize financial-advice operations. The company raised growth capital to support expansion. Altruist intends to use the funds to expand operations and its product offerings. Altruist is a fully-integrated digital investment platform built for independent financial advisors and their clients, combining portfolio management software with a brokerage platform. The product consolidates account opening and funding, custom investment models, fee billing, reporting, and offers commission-free fractional share trading. Altruist released mobile apps on the App Store and Google Play and aims to provide a modern client experience. The company charges the first 100 accounts free and $1 per account per month thereafter, which it says can reduce advisor software costs by up to 95%. Recent hires and board additions—including CTO Nachiket Shiralkar and former Vanguard CEO Bill McNabb—underscore a focus on product and governance. Altruist plans to expand its RIA offering and enhance its mobile app, using new capital to drive growth and continued innovation.

Participated · Seed · Dec 2022

Poolit operates a platform that aggregates registered funds allowing accredited investors to become LPs in VC and private equity funds with minimums as low as $1. It offers two funds on launch: the Imagine fund (all venture capital firms) and the Horizon fund (all private equity firms), with partner firms including Bain Capital Ventures, Coatue, CD&R and Apax. Poolit partners with Meketa to conduct manager due diligence, uses KPMG for audits, and structures each fund with independent boards and third-party administrators to provide investor protections. The company charges an annualized 1% management fee and has established a limited quarterly share repurchase program that begins after the first year. As of December 9, when the platform became public, Poolit had more than 500 users and about $140 million of reservations. Founder Dakotah Rice left Harvard Business School to work on the company full time and says he aims eventually to expand access beyond accredited investors, subject to regulatory constraints.

Led · Series B · Nov 2022

ResortPass operates a marketplace enabling users to buy day passes to more than 900 hotels and resorts, granting access to amenities such as pools, spas and fitness centers. The company also sells SaaS access-management and booking software to hotel partners to help manage day guests and amenity bookings. Since founding in 2016 it says it has matched 1.6 million guests with partner hotels and delivered over $1 million in new booking revenue to many individual properties. The business saw a 100% increase in gross booking volume in 2022 versus 2021 and reports it is not currently profitable. ResortPass currently operates primarily in the U.S. (35 states) with recent expansion into the Caribbean, Mexico and Puerto Rico. With new capital it plans to expand more fully across the U.S. and Caribbean in the short term and into Europe and the Asia-Pacific region longer term, while hiring across sales, marketing, product and operations.

Participated · Series C · Sep 2022

Redesign Health creates and scales healthcare startups by assembling cross-functional teams in product development, business strategy and marketing to address market-identified unmet needs. The company operates as a company-builder rather than a traditional venture fund or narrow incubator, providing end-to-end support from market research and product design to go-to-market and board-level guidance. It employs venture chairs who help hire founding teams and serve as board members while bringing in partners such as seed investors, academic experts and health system leaders to launch businesses. Redesign prioritizes removing costs from the healthcare system, improving care quality and increasing patient access. Examples of companies spun out include Jasper Health, Springtide Child Development and Calibrate; more recent efforts target value-based care through startups like MedArrive and Duos. The company has grown to more than 300 employees and has spun out over 40 companies in four years; it is also a shareholder from day one in each company it builds.