Participated · Equity · Aug 2023

ClassWallet’s patented digital wallet technology enables state agencies and school districts to disburse public funds quickly and compliantly while automating the purchasing and reimbursement lifecycle. The platform is used across 32 states and helps clients realize the full potential of over $2.7 billion in public funds. ClassWallet operates an integrated marketplace of retailers and service providers, including Amazon, Best Buy, Home Depot, Michaels, Office Depot, Scholastic, Staples and Varsity Tutors. Founded in 2014 and headquartered in Hollywood, Florida, the company says it reduces the time and cost of existing solutions while ensuring compliance and mitigating potential fraud. ClassWallet has been recognized on the Inc. 5000 and Deloitte Technology Fast 500 lists for its rapid growth. The recent $95 million institutional growth capital investment is intended to support continued expansion and efforts to reshape how state and local government agencies do business. ClassWallet is a Hollywood, Fla.-based fintech led by founder and CEO Jamie Rosenberg that provides school districts with a spend management platform that reconciles and pays for transactions in a cashless, paperless and automated manner. Its software streamlines manual tasks such as collecting receipts, reconciling invoices and statements, making vendor and reimbursement payments, and performing data entry required to meet annual audit requirements. The company is used in over 2,000 schools across 15 states. ClassWallet raised $2.3M in the reported round and has raised over $7M to date. It intends to use the new funds to expand product offerings and add to its business development and support staff. ClassWallet provides an end-to-end digital solution to disburse, track and manage school system funds, combining funds disbursement, e-commerce, a reloadable debit card and tracking in an integrated platform. The company is used in over 850 schools and is working with large districts including Los Angeles Unified and Polk County; it is also gaining traction with university athletic departments and states for education savings account management. ClassWallet says it reduces transaction costs that historically reached about 40% to less than 5% and shortens the fund-spend-track lifecycle from weeks to same day. The company planned a platform release in January 2017 that includes a solution to allow schools to accept cash payments from parents without bringing cash into school buildings or classrooms, and several districts are already working to implement that solution. In partnership with Brentwood Associates, ClassWallet will accelerate its product roadmap and invest in sales and marketing to expand distribution. ClassWallet operates a platform that enables school systems and related organizations to disburse and track funds. The platform is used by groups and districts including Harrington Park School District, Albuquerque Public Schools Education Foundation, Reading is Fundamental and Broward Education Foundation. More than 40 retailers, including Amazon, Office Depot, Best Buy, School Specialty and Scholastic, accept ClassWallet as a form of payment. The company plans to release a new version of its platform this summer that will add a reloadable debit card and an API for vendor integration. ClassWallet has raised a total of $2.53M and intends to use new proceeds to accelerate sales and advance its product roadmap. The company is led by founder and CEO Jamie Rosenberg and is based in Miami.

Led · Series A · May 2023

Uwill is a Natick, Massachusetts–based provider of mental health and wellness solutions for colleges and students. Its core offering is a student and therapist matching platform that pairs students with licensed counselors based on preferences and supports all teletherapy modalities, a direct crisis connection, wellness events, real-time data, and ongoing support. The platform combines proprietary technology with an in-house counselor team. Uwill partners with more than 150 institutions, including Boston College, University of California Santa Barbara, American Public University System, and the University of Maryland, College Park. Led by CEO and founder Michael London, the company raised $30M in a Series A led by Education Growth Partners. It plans to use the funding to accelerate growth and expand student support across its campus customers. Uwill operates a gig-economy teletherapy platform that lets college students evaluate, match with, and connect to mental health professionals on demand. The service supports a full suite of communication modalities — video, text, phone, email, and chat — and the company says it is the only secure teletherapy platform offering all of these. Uwill leverages machine learning to help students identify and connect with counselors who match their preferences, and offers flexibility in scheduling and communication style. The product is positioned to address rising campus demand for mental health services, with the article noting increases in student anxiety and pandemic-related impacts on well-being. Uwill was founded and launched by veteran edtech entrepreneur Michael London, who previously led Examity and has multiple prior education-industry ventures. The company is partnering with colleges to complement on-campus resources and to provide remote, privacy-preserving access to therapy. Financially, Uwill announced a $3.25 million seed financing to support its development and operations.

Led · Series A · Dec 2022

Founded in 2017 and based in San Francisco, BetterManager provides an evidence-based virtual leadership development platform combining 1:1 executive coaching, group coaching and training, practical e-learning tools, and actionable assessments. The company supports the growth and development of people leaders—from new managers to senior executives—at over 200 organizations worldwide. Its core product blends virtual coaching, group skills training, assessments, and e-learning to prepare managers to lead. BetterManager is led by CEO Stéphane Panier and president and COO John Topping. The company plans to use new capital to accelerate efforts to scale its platform. Recent financing activity has strengthened its financial position for growth initiatives.

Participated · Series A · Mar 2021

BITT develops a novel class of antagonist monoclonal antibodies against TNF superfamily receptors using its DOMab™ platform. Its lead candidate, BIR2101, targets TNFR2 and is currently in a Phase I clinical trial. The company is advancing a CD40 antagonist program and plans to file an IND related to that program in 2025. BITT announced a sponsored research and exclusivity agreement with MSRD (part of the Otsuka family) to finance key non-human primate studies for the CD40 program. It was also awarded a $4M grant from the National Institutes of Health/National Cancer Institute to support the ongoing TNFR2 trial. BITT is developing additional antibodies against TNF superfamily receptors for indications in oncology, inflammation, autoimmunity, and infectious disease. Boston Immune Technologies and Therapeutics (BITT) develops antagonist antibodies targeting TNF superfamily receptors, with a lead monoclonal antibody BIR2101 that targets TNFR2. BITT is exploring BIR2101 as monotherapy and in combination with checkpoint blockade, citing preclinical murine models where TNFR2 plus PD‑1 improved cure rates. The company is developing additional discovery-stage TNF superfamily antagonist antibodies, including CD40 antagonists for inflammation and CD30 antagonists for oncology. BITT completed a $10M Series A/A1 preferred stock financing to support clinical development of BIR2101 and other pipeline candidates. The financing, together with an option and license arrangement with BeiGene, aims to enable an IND filing for BIR2101 by the end of 2021 and proof-of-concept studies for additional targets. BITT is based in Boston, MA, and added Lusong Luo of BeiGene and Joseph McMahon to its board.

Led · Equity · May 2020

Emtrain provides a workplace culture platform that lets organizations benchmark their culture against a global community and identify issues before they escalate into compliance problems. The platform uses partnerships with industry experts and leverages current events to teach topics such as sexual harassment, unconscious bias, and ethics. Emtrain is used by more than 800 companies, including Netflix, Yelp, Dolby and LiveNation. Led by founder and CEO Janine Yancey, the company offers tools for diagnosis, benchmarking and prevention of bad workplace culture outcomes. Emtrain intends to use new funding to expand its culture tech platform to provide on-demand monitoring and analysis of key indicators. Financially, the company announced an $8M funding round alongside a $2M facility provided by Signature Bank to complement the equity investment. Emtrain is an online workplace and compliance education platform based in Sacramento, CA. Its technology-driven platform leverages advanced content, social engagement, data sharing and feedback mechanisms to deliver micro-learning, interactive courses and reporting analytics. The company partners with industry experts to create solutions on topics such as unconscious bias, preventing sexual harassment, code of conduct, anti-bribery and other workplace ethics. Emtrain says its client implementation and support teams consistently earn five-star reviews. The financing from Decathlon Capital Partners will enable further development of its technology-based compliance solutions and expansion of client service capabilities to meet demand. The company is positioning the capital to support continued growth without equity dilution through a revenue-based financing structure.