Participated · Series B · Jul 2022

Stimdia Medical has developed the pdSTIM System, a neurostimulation device intended to strengthen and condition the diaphragm in patients on mechanical ventilation. The pdSTIM System is currently for investigational use only and is not for sale. The company completed a first-in-human clinical study with results published in Critical Care Medicine. Stimdia plans a pivotal FDA study to demonstrate safety, effectiveness, and earlier liberation from mechanical ventilation. Proceeds from the current financing are intended to support initiation and completion of that pivotal study. The company evolved from an early collaboration with the University of Minnesota, which provided institutional knowledge and seed-stage financing, and is headquartered in Minneapolis, Minnesota.

Participated · Series C · Oct 2021

Aware is a Columbus, Ohio–based startup that monitors text-based conversations on workplace messaging platforms such as Slack, Teams and Workplace for legal compliance, confidential information sharing, sentiment and toxic behavior. Its platform flags risky messages and provides organizational insights at scale. Aware says average customers have about 15,000 users, while some customers have hundreds of thousands of employees; typical organizations now exchange hundreds of millions of messages per year, driving demand for automated monitoring. The company reports revenue is up 175% year‑over‑year and more than 300% growth since December. Aware plans to expand its technology beyond text to other mediums like video (e.g., Zoom) and to continue enhancing its natural‑language and detection tools. Large enterprise customers named include AIG, AstraZeneca, BT Group, Memorial Health, MercadoLibre, Rivian, Sunlife Financial and Wipro. Aware offers an AI-enhanced platform that provides unified visibility, controls and governance across digital collaboration tools such as Slack, Microsoft Teams and Workplace. The product continuously enriches conversation data with proprietary natural language processing (NLP) and AI models to surface organizational insights like employee sentiment and commonly discussed themes. It provides GRC capabilities including archiving, eDiscovery, monitoring/DLP, data management and preservation, bi-directional retention and regulatory compliance controls. The company plans to use the Series B proceeds to accelerate go-to-market efforts, increase partnerships, expand its integration ecosystem and support ongoing product research and development. Founded in 2017 and based in Columbus, Ohio, Aware has served global customers including Wipro, AstraZeneca, Sun Life Financial, Farmers Insurance, Memorial Health System and British Telecom. The article reports Aware raised $12M in Series B equity funding.

Participated · Series B · Mar 2021

Autobooks provides invoicing, digital payment acceptance, and accounting solutions for small businesses, fully integrated into online and mobile banking. Its platform is delivered via financial institutions and is used by banks and credit unions nationwide to help grow and retain small business relationships. The company is led by CEO Steve Robert and is based in Detroit, MI. Autobooks plans to use the new capital to support continued expansion, including its recently announced acquisition of Allied Payment Network, a provider of integrated flexible payment solutions. The article reports a $40M investment from Runway Growth Capital to support these initiatives. No operating metrics or prior funding rounds are disclosed in the article. Autobooks is a Detroit, MI-based small business payment and accounting services platform led by CEO Steve Robert. It enables small businesses to send digital invoices and accept online payments directly from their financial institution’s existing online and mobile banking channels. Through its system, financial institutions can offer back-office services and a small-business eCommerce platform embedded within their digital banking channels. In November 2021 the company raised $25M in Series B financing. The company plans to use the funds to expand operations domestically, enter international markets, accelerate product innovation, deepen engagement with large enterprise banks, and grow its team. Investors in the round include MissionOG, Renaissance Venture Capital, Detroit Venture Partners, Draper Triangle and TD Bank Group. Autobooks provides an integrated receivables and cash-management platform for banks and credit unions. The platform lets banks bundle invoicing, payments and accounting services and offer them to small-business clients. Its tools are designed to help small businesses manage cash flow and automate administratively burdensome bookkeeping tasks. The company is led by co-founder and CEO Steve Robert. Autobooks is based in Detroit and also has a presence in Austin, Texas. It recently raised $10M in a Series A1 and intends to use the funds to increase hiring. Autobooks is a Troy, Michigan-based financial technology company that builds cash management tools and payment and accounting software integrated into online banking platforms. Its platform enables banks and credit unions to offer receivables, payables, payments and accounting services to small business clients, expanding beyond basic bill pay functionality. The company is led by CEO Steve Robert. Autobooks closed a $5.5M Series A financing round to support growth. It intends to use the funds to expand its team and product offering and to increase distribution channels. The product is positioned as an embedded service within existing online banking systems for financial institutions serving small businesses.

Led · Equity · May 2019

Ikos provides a platform that helps landlords and property owners fill vacant rental units by pricing, listing, advertising, showing and leasing properties. The company leverages exclusive proprietary real estate data to inform pricing and help landlords make investment decisions. Ikos launched in late 2016 and operates in seven markets, including Chicago, Washington DC, Philadelphia, Pittsburgh, Baltimore, Cleveland and Milwaukee. It has rented thousands of properties across those markets and works with tens of thousands of renters each month. The company plans to expand product functionality and add new residential real estate services. It also intends to grow staff and partnerships, expand its reach, and invest in brand-building.

Led · Series A · Apr 2019

Babel Health provides health plans with a SaaS transactional and data management platform to manage risk adjustment submissions and encounter data for Medicare, Medicaid and ACA programs. The platform and services aim to simplify a complex process and give plans access to data to solve business problems inherent to risk adjustment. The company is led by President & CEO Robert Dunn and is based in Pittsburgh, PA. Over the prior 12 months the company reported growth of clients and key hires. Babel Health intends to use the new funding to further invest in its software and services platform, maintain sales and delivery momentum, and acquire additional talent. The financing builds on the company’s recent commercial progress. Babel Health provides an integrated suite of risk adjustment software and services to health plans. Its integrated SaaS ETL data management platform gives health plans control tools of the underlying data for business insight and day-to-day decision making across all lines of business. Co-founded in late 2014 by Oron Strauss and Mark Tobias and later joined by CEO Robert Dunn, the company is based in Pittsburgh, PA. Babel closed a $1.5M bridge funding round to support ongoing product development and to accelerate sales and marketing. The round was led by Mark Pacala, who joined Babel’s Board of Directors, and included backers Alan Hoops, Bilgola Capital and Babel senior management. Mr. Pacala has over 30 years of general management and private equity experience in healthcare and is an Operating Partner at Pamplona Capital focused on healthcare investments.