Led · Series A · May 2024

PayHOA offers a SaaS central hub for association board members that handles finances, maintenance requests, and community communication for self-managed homeowner associations. Founded in 2018 and based in Kentucky, the 15-person company was previously bootstrapped and reports profitability with positive EBITDA. It has more than 652,000 users, has processed over $1.6 billion in invoices since 2018, and posted year-over-year revenue growth of over 70%. PayHOA charges a monthly subscription based on community unit count, with prices starting at $49 per month for HOAs with 25 units or less. The company recently launched a Payables module that uses OCR to scan and extract invoice data. Planned use of new capital includes product development and hiring, with a target to grow the team by about 40% across engineering, sales, and support; management does not currently plan to expand beyond community management, though property management companies are increasingly signing up.

Led · Series A · Jun 2020

Keelvar provides an AI-driven procurement and supply‑chain analytics platform that automates bidding, supplier selection, and award recommendations using optimization, game theory, and automated sourcing bots. The platform cleanses and analyzes supplier and bid data to evaluate multiple awarding scenarios and run spot bidding or mini-tender events. Keelvar has launched air and ocean sourcing bots and emphasizes automation to help customers respond to volatile transportation and sourcing conditions. The company was founded in 2012 by Alan Holland and operates as a remote-first organization that has doubled its workforce. Keelvar currently employs about 85 people, plans to grow headcount to over 130 by year-end, serves over 70 enterprise customers, and counts “thousands” of paying users. Keelvar offers "Advanced Sourcing Optimization" and "Intelligent Sourcing Automation" software that uses AI and sourcing bots to fully automate tactical buying processes. The product set is designed to autopilot sourcing projects, making procurement faster, easier, and cheaper. Keelvar manages more than $90 billion in spend annually for enterprises across major industries. Customers named in the article include Siemens, Coca-Cola, Novartis, BMW and Samsung. The company competes with e-sourcing providers such as Coupa and Jaggaer. Keelvar plans to use its new funding to expand into enterprise markets and grow across Europe and the U.S., anticipating increased demand as COVID-19 disrupts supply chains.