Participated · Series A · Jun 2022

STRIVE provides a sensor-and-algorithm platform that integrates into compression clothing to deliver muscle performance, strain, fatigue and efficiency data for elite athletes and teams. The company says its proprietary algorithms and sensors deliver the industry’s most accurate and actionable muscle data. Over 215 professional and collegiate athletes and teams across the NFL, NBA, NHL, MLB, MLS, EPL and NCAA use STRIVE, and customers include organizations such as the Baltimore Ravens, Kansas City Chiefs, Orlando City SC, Leicester City, Manchester City, the University of Kentucky men’s basketball program and the U.S. Air Force. STRIVE will use the funding to build out sales and marketing to accelerate and scale growth among athletic and military customers and to advance efforts in the industrial sector. Founder and CEO Nikola Mrvaljevic said the company will invest in new use cases to drive growth and scale. Founded in 2016 and based in Bothell, Wash., STRIVE plans to continue innovating its product for additional markets. Strive is a Bothell, Wash.-based wearable technology startup that sews its Sense3 sensor system into ordinary compression shorts to measure muscle exertion, distance and heart rate. The product combines muscle, heart and motion metrics in a single solution to help coaches understand athlete efficiency and fatigue. Because the sensors are integrated into compression garments, athletes avoid straps, wristbands or other distracting wearables. The company works with customers including the University of Maryland, Rutgers and several NFL teams, is seeking NBA approval, and collaborates on research with Cal Poly and the University of West Florida. Strive is also participating in the U.S. Air Force’s AFWERX program and plans to automate the data-review process so insights can be communicated to coaches and athletic trainers. The startup recently raised $1.5 million, according to a regulatory filing, and has seven full-time employees. Founders Nikola Mrvaljevic and Carsten Winsnes draw on athletic and engineering backgrounds to develop the product.

Participated · Series A · Jun 2021

Sevco Security provides a cloud-native CAASM platform centered on its 4D Asset Intelligence engine and patented asset telemetry to deliver real-time, continuously updated inventories across IT, public/private cloud, IoT, operational technology, supply chain, contractors, and remote users. In 2023 the company expanded platform capabilities to understand risk across additional asset classes including users and software, and launched the Sevco Security Action Center plus vulnerability-hunting features to enable ticketing, remediation, and visibility into vulnerabilities and mitigating controls. Product innovation and new integrations drove customer adoption and operational metrics in 2023, including a 40% increase in devices under management, a 40% increase in contract value, 200% growth in multi-year deals, 84% growth in MSSP ARR, and net retention of 168%. Customers cited in the articles include Workday, Sallie Mae, and Quality Carriers, and the company says hundreds of companies rely on its platform. Sevco was founded in 2020 and is based in Austin, Texas. In 2023 the company raised $17 million in new funding and reported total funding since inception of $38 million; executives said the capital will extend runway and support continued product and go-to-market momentum. Sevco Security provides a cloud-native security asset intelligence platform that delivers converged asset inventory and enterprise asset telemetry. The platform ingests inventory from existing tools via native APIs without agents, deployed scanners, or remote access, captures inventory reported from all sources every hour, and publishes accurate asset data into other IT and security systems. Sevco emphasizes converged visibility across siloed systems and telemetry to explain how assets change over time, helping customers understand why inventory or attributes have changed. The company will use the $15M Series A to scale adoption of the platform and make existing security investments more effective. Sevco positions its product as addressing long-standing visibility gaps that undermine security frameworks. Founded in 2020 and based in Austin, Texas, the team includes founders with prior experience at Carbon Black and Cylance.

Participated · Equity · Mar 2021

PropSwap operates a secondary, peer-to-peer marketplace that lets customers who place legal U.S. sports bets list tickets for sale at prices they set and helps them find buyers. Buyers on the platform can purchase tickets directly from other individuals to access better odds. The company raised $2M in the reported funding round and has now raised over $4M since inception. Backers in the round included Fama Ventures, Chris Grove (partner at Eilers & Krejcik Gaming), David Freedman (founder of Freestar), executives from Airbnb and Instacart, private equity executives, and current investors. PropSwap intends to use the new funds to launch the marketplace in newly legalized states, accelerate product development, increase user acquisition, and continue partnering with gaming operators around the country. The company was founded in 2015 by Luke Pergande and Ian Epstein and is based in Las Vegas.