Participated · Series A · Aug 2025

Waterly, led by CEO Chris Sosnowski, is a Crystal Lake, Ill.-based watertech startup. It provides a platform that enables small to mid operators and utilities to run their water and wastewater systems efficiently and effectively. The platform offers digitized plant operations and reporting, a simple digital vertical asset management system, enterprise visualization and analytics, and integration of water sampling, chain of custody and lab data. The company closed a $4M Series A funding round. It intends to use the funds to scale up its team and expand operations.

Participated · Series D · Aug 2024

Vayana is a trade credit infrastructure platform based in Pune, India, that provides supply-chain finance and trade enablement solutions across all tiers of supply chains. It connects corporates and their trade ecosystems to provide digital, convenient, and affordable access to credit for payables and receivables. The company has facilitated the financing of over USD 30 billion for more than 300,000 enterprises across 3,000+ supply chains. Vayana’s network spans 600 cities and 2,000+ pin codes in India. The company plans to use the new funding to accelerate its commitment to providing affordable financing throughout the supply chain and to introduce new products to enhance its trade credit, compliance, and risk management platforms. Vayana is led by CEO Ram Iyer. Vayana Network is a B2B trade finance intermediary that connects SMEs and corporates with financial institutions to provide low‑cost access to trade loans. Founded in 2017 and based in Pune, the company says it has facilitated $10 billion in loans to date and processed over two million transactions. Vayana reports it is set to do more than $10 billion of trade financing in India alone in the current financial year. The startup plans to use fresh capital to build more products to help SMEs and MSMEs manage working capital and become credit‑ready. It also plans to launch Vayana ITFS (International Trade Finance Services) at GIFT City in FY23 to enable exporters and importers to access international trade finance facilities at competitive rates. The company cites a World Bank finding of a $380 billion MSME credit gap in India as a market opportunity. Vayana Network is a technology-based third-party B2B trade financing platform that facilitates trade finance across large, medium corporates and SMEs. The company says it has processed over Rs 4,000 crore in financing via nine lending partners in India. It was selected by GSTN as one of 34 GST Suvidha Providers (GSP). Vayana recently split from its parent company, Vayana Pvt Ltd (VPL). The business plans to use new equity funding to further strengthen its B2B trade financing network in India and expand abroad. Jungle Ventures has highlighted the company’s transaction data and GSP positioning as advantages for partnering with banks and financial institutions.

Led · Equity · Jul 2024

Vytal Global operates a digital reusable-packaging network and licenses its technology platform while running wholly owned subsidiaries across Europe and beyond. The company offers smart, data-enabled reusable packaging solutions aimed at hospitality, events, and consumer brands to reduce single-use waste. It has grown rapidly since its 2020 founding, reporting that revenue more than doubled over the past year and that its network now includes over 7,000 partners across 24 countries. Vytal recently launched a dedicated business serving global consumer brands and the event and entertainment industry, securing clients such as Pepsi, UEFA Euro 2024 Fanzones, Hyrox, and Live Nation’s Insomniac Festival Group. The new funding is earmarked to enhance its technology-driven solutions, unlock brand partnerships and consumer engagement, and make reusable packaging more seamless and cost-efficient. A significant portion of the proceeds will support expansion into the U.S. while reinforcing its position in Europe. Vytal provides software-enabled reusable packaging solutions that leverage software and data analytics to reduce single-use packaging. The company partners with more than 7,000 partners across 17 countries to deploy its reusable systems. It has launched VyEES (VYTAL Events & Entertainment Solutions GmbH), a wholly owned subsidiary to extend reusable packaging into the events and entertainment sector. VyEES counts customers such as the Berlinale, the OMR Festival and the Cruilla Music Festival in Barcelona. Vytal intends to use the newly raised funds to expand its business reach and further develop its software and data-driven offerings. The company emphasizes sustainability and operational efficiency in its products and services.

Participated · Series B · Jun 2024

SewerAI’s PIONEER™ platform unifies field capture, cloud-based data management, AI-assisted NASSCO coding through AutoCode™, and AI-driven capital planning through Risk & Rehab™. The company reports its platform supports data from more than 2,000 cities, manages over 30,000 miles of pipe, and has completed more than 850,000 NASSCO surveys, while processing millions of feet of infrastructure data monthly. SewerAI’s customer base includes municipal utilities such as the City of Houston, the City of Phoenix, and KC Water, as well as engineering firms and contractors including HDR and PURIS. Recent product launches include Smart Project Builder and Risk & Rehab for manholes, and the company says it has built the industry’s largest infrastructure inspection dataset. Near-term plans focus on extending AI from inspection into rehabilitation planning and program management, expanding integrations with Esri ArcGIS, Trimble, and OpenGov, and improving workflows to help utilities meet regulatory and consent-decree obligations. The company emphasizes faster, more accurate inspection-to-decision workflows and continued investment in products and people following the new strategic investment.

Participated · Series B · Feb 2024

INERATEC develops modular chemical plants for Power-to-X and gas-to-liquid applications that convert renewable hydrogen and CO2 into drop-in e-fuels (e-kerosene, CO2-neutral gasoline, clean diesel) and synthetic chemicals (waxes, methanol, SNG). Founded in 2016, the company focuses on decarbonizing hard-to-abate industries such as aviation, shipping, road transport, and chemicals. It has raised over $129 million in a Series B to scale up production and begin mass manufacturing of industrial-scale Power-to-X units. INERATEC is already building its largest factory to date in Frankfurt and is expanding via projects in the Netherlands and Chile. Management says the planned expansion will increase production roughly 1,500-fold and could recycle more than 12,000,000 metric tons of CO2 annually. The financing is intended to accelerate mass production and global deployment of its modular plants to meet rising demand for drop-in e-fuels.