Participated · Seed · May 2025

Stackpack provides an AI-native platform built to manage the accelerating costs, risks, and complexity of third-party vendors, AI tools, and contractors. The platform gives finance and IT teams a single source of truth to control spend, manage renewals, and reduce compliance risk across the entire vendor lifecycle. Stackpack positions itself as an intelligent vendor stack management solution to help companies regain control over growing vendor networks. Just months after launch it is managing over 10,500 vendors and $510M in spend across more than 50 customers, including Every Man Jack, Rho, Density, HouseRx, Fexa, and ZeroEyes. Founded in 2023 by Sara Wyman, the company plans to use new funding to expand operations and its development efforts. The business has raised capital to support growth while scaling its customer base and spend-under-management.

Participated · Seed · Jul 2024

Powder builds AI agents for precise document analysis to rapidly build proposals, aggregate external assets, understand estates, and automatically organize portfolios by account type, number, entity, tax status, and asset classification. Led by CEO Kanishk Parashar and based in Los Altos, CA, the company targets mid-sized registered investment adviser firms. Powder currently serves 20 mid-sized RIA firms managing between $1 billion and $100 billion in assets under management, with clients that include Catalytic Wealth, EPIQ Capital and IEQ Capital. The company raised $5 million in a seed funding round and intends to use the funds to expand operations and accelerate product development. Backers include YCombinator, General Catalyst, Funder’s Club, Elefund, Litquidity Ventures, Script Capital, Jon Xu and Bryant Chou. Powder is an AI co-pilot for wealth advisors that automates prospect portfolio aggregation, builds portfolio, tax and estate models, and facilitates onboarding paperwork. It aims to shorten advisors' sales process from months to weeks by demonstrating value to prospective clients and reducing manual data entry and analysis. Features described in the announcement include automatic portfolio classification, allocation and risk assessment, expense-ratio and tax analysis, scenario analysis, backtests, market stress tests, cash forecasts, and step-by-step recommendations. Powder monitors prospect usage with business intelligence tools and converts prospects into clients via API integrations with leading portfolio-management platforms. The company announced its public launch on Nov. 14, 2023 and a pre-seed funding round led by Elefund with participation from several industry figures. Powder's founding team includes veterans who built RCI Navigator (acquired by Addepar in 2021), and the company invites advisors to request access at powderfi.com.

Led · Seed · Jun 2024

Forward is an Austin-based technology partner that helps SaaS firms embed and monetize payment processing through its PayFac-as-a-Service platform. The company delivers program design expertise, technical integration that can be completed in under a week, ongoing merchant sales support, and a pathway for partners to migrate to fully registered payment-facilitator status. Forward differentiates itself by layering artificial intelligence onto risk and underwriting functions to streamline the client and merchant experience. Its platform is also being leveraged by financial-technology leader Fiserv to extend managed PayFac services to independent software vendors. The fresh capital will allow Forward to scale with growing software-partner demand and further develop its AI-driven risk tools. Although no revenue or user metrics were disclosed, the company positions itself as an end-to-end payments enablement solution for SaaS providers.

Participated · Series A · Oct 2023

Canopy Connect offers a unified platform and API to collect, verify, and monitor insurance information by connecting directly to carriers. Its API verifies insurance data in seconds and can sync verified information to comparative raters, CRMs, or agency management systems. The service leverages consumer consent-driven data sharing technology and secure cloud infrastructure to improve client experience and streamline workflows. More than 3,000 insurance agencies use Canopy Connect’s API. The company plans to use new funding to accelerate growth with insurance agencies, insurance carriers, lenders, and to open new markets. Canopy Connect is led by CEO and founder Tolga Tezel and is based in Beaverton, Oregon.

Participated · Seed · Sep 2023

StretchDollar provides a self-service platform that lets small businesses set up custom health benefits using Individual Coverage Health Reimbursement Arrangements (ICHRAs) in about 10 minutes. Employers set a fixed pre-tax monthly allowance that employees can apply toward insurance premiums, and employees receive guidance from licensed brokers to select marketplace plans. The company leverages the IRS rule enabling ICHRAs to remove the complexity of employer-sponsored benefits and focuses on covering the most burdensome expense: insurance premiums. StretchDollar says its platform is free for small businesses to use and emphasizes speed and simplicity compared with traditional group plans. The company is working with carriers including Oscar Health to expand affordable coverage access for underserved small employers. Founded in 2023, StretchDollar is headquartered in San Francisco and Pittsburgh and aims to expand its self-service platform and improve the small-business benefits experience. StretchDollar offers a platform that lets small employers set a fixed pre-tax monthly stipend that employees apply to their individual health insurance premiums. Employees manage the benefit via a dashboard and receive guidance on selecting a health plan from licensed brokers. The company is based in San Francisco, CA and Philadelphia, PA and was co-founded in March 2023 by Marshall Darr and Kaiza Molina. StretchDollar announced launches in Illinois, Pennsylvania, Delaware and Colorado and intends to expand into seven states by year-end 2023. The company raised $1.6M in Pre-Seed funding to support that expansion. The founders previously helped launch health insurance startup Decent and built the lifecycle team at Gusto.