Led · Equity · Aug 2026

H&MV Engineering provides specialist high-voltage engineering and critical power infrastructure services for energy, data centre, and industrial customers. The company designs, builds and energises high-voltage infrastructure and reports over 24 GW of projects currently in design and construction. It operates from 20 international offices across Ireland, the UK, Europe, the U.S., and Asia and employs over 1,900 people. Supported by a €2 billion order book and a €16 billion pipeline, H&MV has grown revenue from €61 million in 2020 to an expected €1 billion in FY26. The company is targeting revenues of €3 billion within five years and a global workforce of 3,000 employees. Leadership is headed by CEO P.J. Flanagan and the firm plans further international expansion, including in the U.S.

Participated · Series A · Jul 2024

Adaptive builds automation tools to simplify payments and accounting for general contractors. Founded in 2021 and based in New York, the company offers workflow automations for budgeting, expense tracking, accounts payable and electronic payments. Customers can upload documents like insurance agreements and payment requests in formats such as SMS and PDF and use automations to approve requests and budgets. Adaptive has built generative AI algorithms to automate the financial management and bookkeeping workflows unique to construction and competes with Briq, Beam and MakersHub. It serves more than 280 construction companies and currently derives all of its revenue from software. Near-term plans focus on acquiring subcontractor clients with tailored products; medium-term plans include monetizing integrated payments, insurance and payroll and pursuing embedded finance opportunities. Adaptive builds AI-powered back-office and spend-management software that automates invoice processing, approvals, reconciliation and payments for small general contractors. Its product uses OCR and machine learning to read invoices, extract cost codes and job information, and route approval workflows to reduce manual Excel/email/legacy-software processes. The company targets SMB general contractors that often lack dedicated accounting staff and says numerous customers are actively using its product while it aims for a broad release later this year. Adaptive’s founders are Matthew Calvano (CEO), Henry Bradlow (CTO) — who previously wrote algorithms for SpaceX — and Francisco Enriquez; the team developed the product after running a white-glove bookkeeping service for customers. Long-term plans include becoming a one-stop shop for construction financial workflows and products, from bidding suppliers and purchasing insurance to banking and working capital. Financially, the 11-month-old startup recently raised a $6.5M seed led by a16z after a $750K pre-seed in August.

Participated · Series A · Nov 2023

Kloudfuse provides a centralized data lake for unstructured observability data, enabling analysis of metrics, events, logs and traces across compute environments. Its platform automatically alerts customers to anomalies to help developers, DevOps and site reliability engineers diagnose issues faster. The founders say the product helps enterprises handle increased cardinality, gain more control and reduce observability costs. Kloudfuse competes with established observability vendors but reports rapid commercial traction: revenue tripled in the last two quarters. Its customer base includes Workday, GE HealthCare and Automation Anywhere. The company plans to use new funding to expand product management, marketing and sales teams.

Participated · Series A · Nov 2016

PlushCare’s platform enables patients in all 50 U.S. states to have video visits with doctors and treats more than 3,500 medical conditions. Providers can send prescriptions to patients’ local pharmacies, and members can follow up via in-app text messaging. Memberships are priced at $14.99 per month, with first-time visits costing $99 or a copay depending on insurance. The company says its business has tripled year to date and reports a 90 Net Promoter Score; 95% of visits were for non-COVID issues. PlushCare plans to use new funding to accelerate its development roadmap, expand services, and increase marketing while doubling headcount. PlushCare operates an on-demand telehealth platform that lets users conference with doctors for non-emergency issues. The company focuses on building consumer trust by tightly vetting physicians—accepting applications only from graduates of top 50 U.S. medical schools. PlushCare is concentrating on direct-to-consumer growth and has been investing resources into expanding its network of doctors. It is operating in 15 states across the east and west coasts and plans to expand nationwide. The company has formed partnerships to broaden clinical capabilities, including a deal with Quest Diagnostics to provide hundreds of lab tests. PlushCare positions itself as a quality care portal and is taking steps such as eliminating network access fees to improve cost savings and adoption. PlushCare offers online primary-care telemedicine visits that encourage continuity by matching patients with the same physician. The service handles non-emergency conditions (flu, rashes) and can arrange testing through LabCorp and Quest Diagnostics and electronic prescriptions to major pharmacy chains. Visits are typically same-day and cost $45 each; the company refers patients to in-person specialists when needed. PlushCare staffs physicians who trained at Stanford and UCSF and says it wants to continue working with top medical‑school–trained doctors as it expands beyond California. It has a partnership with the California School‑based Health Alliance called #Care4Care, where each visit helps a child access vaccinations or required health services. Leadership says the company is interested in expanding into chronic care, preventive medicine and eventually mental health, and aims to make its service available to 200 million people by the end of next year.