• FIS.solutions

  Led · Equity · Apr 2023

  FIS.solutions is a Riga-based IT services firm that provides a customizable no-code lending SaaS. Its out-of-the-box loan management system enables companies to automate the full lending lifecycle while tailoring the solution to individual products or services. The firm raised €250,000 in an investment from Expansion Capital. FIS.solutions will use the capital for additional hiring. Expansion Capital said it focuses on export-oriented, high-growth companies and noted FIS.solutions' proven track record in the global lending market. CEO Armands Liseks said market consolidation has led lenders to spend 10–20% of revenue on IT, making it harder for new players to enter and pushing costs onto consumers.

• Yieldstreet

  Participated · Series C · Jun 2021

  Yieldstreet operates a technology-driven private markets investment platform offering access to alternative assets across ten asset classes, including real estate, private credit, private equity, and art. The company reports having over 500,000 members using its platform. Yieldstreet closed an initial $45 million equity investment as part of a planned $60 million Series D to fund growth and continue delivering private market alternatives. Management says the new capital will be used to accelerate growth plans and enhance the company’s technological infrastructure. Investors and partners highlighted Yieldstreet’s distribution and platform capabilities as core strengths. The financing is described as strengthening Yieldstreet’s financial footing as it expands private markets opportunities for investors. Yieldstreet operates an online marketplace that lets eligible retail investors access private-market alternatives such as real estate, private credit, private equity, art and other asset classes. The company creates funds and products with lower minimums to widen access to investment strategies that were previously mostly available to institutions and ultra-wealthy individuals. Yieldstreet emphasizes partnerships with asset managers, sponsors, and originators to source diversified opportunities across litigation finance, small business, consumer, private funds and real estate. Founded in 2015 and headquartered in New York City, Yieldstreet has attracted more than 400,000 users and over $3 billion in funding on its platform to date. The company positions itself to scale its product suite and increase the number and scope of offerings for its investor base. Management says additional capital and financing capacity will accelerate deal flow and platform growth. Yieldstreet is a multi-asset alternative investment platform that gives retail investors access to alternative investments previously reserved for institutions and ultra-high-net-worth individuals. Its technology platform offers products across asset classes including Real Estate, Commercial, Consumer, Art, Marine, Legal Finance and Aviation. Since its foundation in 2015, Yieldstreet has funded over $2.5 billion of investments and has over 325,000 members on its platform. The company is headquartered in New York City and has offices in Brazil, Greece and Malta. Yieldstreet plans to use new capital to advance its technology roadmap, expand sales and marketing capabilities, and grow its international distribution. Its stated mission is to help millions generate $3 billion of income outside the traditional public markets by 2025, and it is backed by venture capital firms, large family offices and private equity investors. Yieldstreet operates an online marketplace that fractionalizes institutional-style, asset-backed investments (real estate, art, marine/shipping, legal finance, commercial loans) for retail investors. The company has funded nearly $1.9 billion on its platform and reports about 300,000 consumers signed up, up from roughly 100,000 in February 2019. Since inception it says it has provided nearly more than $950 million in principal and interest payments to investors. Yieldstreet expects over 50% revenue growth in the current year versus 2020. The firm plans to use new capital to expand its user base, develop new investment products, pursue strategic acquisitions and explore international expansion into Europe and Asia. Yieldstreet was co‑founded by Milind Mehere and Michael Weisz and maintains headquarters in New York City with offices in Brazil, Greece and Malta. YieldStreet operates an online platform that offers access to alternative investments across asset classes including real estate, marine/shipping, legal finance and commercial loans. The company has attracted more than $600 million invested on its platform from over 100,000 members, with an expected 12% IRR and more than $300 million in principal and interest paid to investors. Until now the platform has required users to be accredited investors; YieldStreet also offers YieldStreet Wallet, a savings product paying 2.2% interest that is open to everyone. The new capital will be used to expand the platform and create investment vehicles that do not require accredited status, and the company is working through the legal and regulatory aspects of those products. Management is also exploring ways to enable retirement and IRA account access for users. YieldStreet operates in the U.S. and positions itself as a democratising force to broaden access to products previously reserved for institutions.

• Hepta Airborne

  Participated · Equity · Feb 2021

  Hepta Airborne offers end-to-end power-line inspection and analysis, combining multisensor data capture (drones, helicopters, satellites) with its uBird software that automatically detects defects. The company says uBird converts more than 250 km of power-line data into actionable results in five minutes, a task that can take a single engineer 30 days manually. Hepta reports accuracy improvements of more than 33% over conventional methods and, in some cases, up to 400% increased fault detection. Their drones are designed for strong-wind operation (20 m/s and above) and can fly up to three hours with necessary payloads. Hepta was created in 2017 and is based in Tallinn. The company has long-term plans to build digital twins across infrastructures by adding humidity, soil, and weather data to simulate real-life conditions and predict future scenarios.

• The RealReal

  Participated · Series C · May 2014

  The RealReal is a San Francisco–based provider of authenticated luxury consignment solutions led by CEO and Founder Julie Wainwright. The company operates an authenticated consignment service with 90+ in-house authenticators who inspect thousands of items daily to ensure authenticity. Consigning is supported by free in-home pickup, drop-off service and direct shipping, while retail locations allow customers to shop, meet with experts, and attend workshops. The RealReal also offers free jewelry, watch and handbag valuations at eight luxury consignment offices. The company intends to expand its brick-and-mortar presence into new markets and to support its supply of luxury goods with new e-commerce fulfillment centers. The RealReal operates an authenticated, high-end resale marketplace for women, men, and the home. The six-year-old, San Francisco–based company verifies and sells luxury items including fine jewelry and watches, and still predominantly sells women’s high-end apparel. It employs more than 800 people and is on track to sell $500 million in merchandise through the platform this year. Management has pushed out the timeline to profitability to prioritize brand awareness and expand its physical footprint. Over the last 18 months the company opened six valuation offices (San Francisco, New York, L.A., Chicago, and Washington, D.C.), and it is weighing a brick-and-mortar store strategy starting with a New York location. A prior pop-up in Soho generated more than $2 million in revenue and drew many new customers, informing the offline expansion plan. The RealReal operates an authenticated luxury consignment marketplace for clothing, accessories, watches, jewelry, and home goods, using trained authenticators (gemologists, horologists, art appraisers) to verify items. Sellers send items for the company to photograph and sell on their behalf; sellers typically earn 60–70% of the sale price. The site reports 4.5 million members and more than 2 million items sold to date. The company said it was poised to double its $100 million annual revenue in 2015 and is expecting to double revenue again. Services include in-home pickup in over 20 U.S. cities and valuation offices (initially New York and L.A., expanded to Chicago) for in-person appraisals. The RealReal is expanding both in the U.S. and internationally and placing funds toward strategic investments to outpace competitors. The RealReal operates a full‑service luxury consignment marketplace that vets and authenticates garments, bags, jewelry, art and other items before listing them for sale. It offers a white‑glove service in 18 U.S. cities where luxury managers consult with sellers and pick up items. The company pays consigners 60%–70% of the sale price and retains the remainder. The RealReal reported about $100 million in annual revenue and said it was poised to double that in 2015, though it was not yet profitable. Operating metrics in the article include 3.5 million members, 315 employees, shipments to 61 countries, and 1 million items sold to date. Fastest‑growing categories cited were menswear (225% growth 2013–2014, projected 125% growth in 2015) and fine jewelry and watches (about 250% growth). TheRealReal operates an online consignment marketplace focused exclusively on authenticated luxury and designer goods, including women’s and men’s fashion, fine jewelry and watches, and home decor such as fine art. The service authenticates items and lets consignors receive up to 70% of the sale price while customers buy brands like Chanel and Burberry at discounted prices. Each sale lasts 72 hours, and members can pay $5 per month to access sales 24 hours early. The company reports 2.4 million members, processes more than 40,000 luxury items per month, and has shipped over 450,000 items to date. The site expects to do about $125 million in revenue this year. Management, led by CEO and founder Julie Wainwright, is expanding into additional luxury verticals including fine art and plans more verticals in 2014.

• CompStak

  Participated · Seed · Oct 2012

  CompStak gathers granular commercial lease, sale, and property data via a crowdsourced model and provides that information through its Exchange, Enterprise, and Analytics products. Its core offering combines analyst-reviewed comps and market analytics used by investors, lenders, landlords, brokers, and occupiers. The platform is powered by 30,000+ members who share lease and sale comps in exchange for access to other data. Since launching in 2012, CompStak has grown a client base that includes major real estate firms and corporate users. The company plans to expand its crowdsourcing methodology into new asset classes and broaden its datasets, products, and markets. CompStak intends to roll out new product launches for its Exchange and Enterprise platforms and a meaningful expansion of its Analytics Suite while growing its team and offices. CompStak is an NYC-based provider of commercial real estate transaction data and analytics that aggregates hard-to-find information to create market transparency. Its CompStak Exchange platform offers analyst-reviewed commercial lease comps, sales comps, and property details to brokers, appraisers, and researchers at no charge. Since 2012 the company has served a network of tens of thousands of members and clients, including Tishman Speyer, Wells Fargo, Vornado, Boston Properties, and every major brokerage nationwide. Its enterprise client roster includes investors, lenders, and advisors, with recent wins such as Allianz, Lendlease, L&L Holdings, Mitsui Fudosan, and PwC. Led by CEO and co-founder Michael Mandel, CompStak will use the Series B proceeds to accelerate growth into new product segments, expand the Exchange member base, and hire top talent. The Series B brought total funding since launch to $28 million. CompStak aggregates crowd-sourced commercial lease and transaction data and delivers market analytics through products like CompStak Exchange and CompStak Enterprise. Its dataset covers over 275,000 commercial properties across 70 U.S. markets and it serves a network of tens of thousands of members and clients, including major CRE firms. The company provides verified lease comps for brokers, appraisers, researchers, and granular transaction information for lenders, landlords, and investors. Under the partnership with Moody’s Analytics, CompStak will integrate aggregated insights into Moody’s CRE solutions and collaborate on a new platform for comprehensive CRE data and analytics. The collaboration aims to reach additional markets and develop new products and technologies for CRE finance and risk professionals. CompStak operates a marketplace for commercial real estate data that gathers information through a proprietary crowdsourced model, rewarding real estate professionals with virtual currency they can spend to acquire data. The platform is free for brokers, appraisers and researchers and has expanded to 12 U.S. commercial real estate markets, including San Francisco, Washington DC, Chicago, Los Angeles and Dallas. Launched in Manhattan in 2012 by CEO Michael Mandel, the company employs 40 full-time employees. CompStak has developed a broker analytics product called CompStak Exchange and plans to use new funds to grow the team, add more markets and further develop that analytics platform. Financially, the company closed a $4.4M funding round that brought total funding to over $10M. CompStak is a NYC-based marketplace that gathers commercial real estate lease information that is hard to find or compile. Its database is used by institutional owners, hedge funds, brokers, investors, appraisers, asset managers and economists. The company was co-founded by CEO Michael Mandel and CTO Vadim Belobrovk. CompStak aggregates lease data to enable comparisons, investment analysis and appraisal work. The company intends to use new funding to hire staff, expand nationwide and develop new products. Financially, CompStak announced a $4.45M Series A following an earlier $565K seed round.

No current team members are available.