• MMKT Exchange

  Participated · Equity · Sep 2015

  MMKT Exchange operates a centralized loan syndication marketplace for qualified institutions and lenders to view and purchase middle market loans. Founded in 2015 and based in New York City, the company is led by President David Tannenbaum and Interim CEO and Chairman Leonard M. Tannenbaum. MMKT provides tools to facilitate discovery and purchase of middle market loans. It closed a $5.9M funding round to support its growth. The company intends to use the proceeds to accelerate the growth of its infrastructure and sales team, expand its product offering and execute its product roadmap. The financing is positioned to help MMKT expand its product and sales efforts within the institutional lending market.

• LegalZoom

  Led · Debt Financing · May 2015

  LegalZoom operates an online legal filing service focused on small businesses and families. The company provides digital legal document preparation and filing services. In October 2018 LegalZoom named David Yuan, a General Partner at Technology Crossover Ventures (TCV), to its board of directors. The board appointment was made as part of an investment by TCV. The article states that details of TCV's investment were not announced. No revenue, user, or other financial metrics were disclosed in the article. LegalZoom is the leading provider of online legal solutions for small businesses and families. The company operates a technology-enabled platform combining self-service and attorney-supported services to help customers form businesses, manage legal needs, and protect personal matters. LegalZoom is expanding its product offerings, launching new services, entering new channels and territories, and has expanded into the United Kingdom. Management says the business has healthy profitability and accelerating revenue growth, and revenue has doubled since Permira's 2014 investment. Subscriptions now account for more than 50% of U.S. revenue and the company has over 1,200 employees. LegalZoom reports more than ten times greater brand awareness than online or offline competitors. LegalZoom provides online legal documents, legal plans and access to attorneys for families and small businesses and has helped over two million Americans. Founded 14 years ago, the company has offices in Austin, TX; Glendale and Mountain View, CA; and London, UK. LegalZoom historically funded growth from a $1 million angel round and internal operating cash flow, and in February 2014 a Permira funds investment of more than $200 million made Permira its largest shareholder. The company is expanding product offerings and geographic reach in the U.S. and abroad. The business sought external financing to support a stock purchase, a dividend payment and continued growth initiatives. LegalZoom provides an online platform for customers to draft and file common legal documents, aiming to democratize access to basic legal services. The company’s offerings include tools for wills, business incorporation, trademark filings and real estate leases. LegalZoom has attracted significant marketing investment, including television advertising, to broaden its customer base. The company is profitable and reports north of $100 million in revenue, and it has helped nearly 2 million customers create legal documents. Founders include Brian Lee, Eddie Hartman, and Brian Liu, and John Suh serves as CEO. Management says an IPO is on the horizon but the company is in no rush to go public.

• HealthEdge

  Led · Debt Financing · Oct 2013

  HealthEdge delivers mission-critical Core Administrative Processing Systems (CAPS) to health payors, helping administer benefits, configure plans, manage providers and enroll participants. Its enterprise solution suite, HealthRules®, is built on modern, patented technology and is delivered via the HealthEdge Cloud or as an onsite deployment. The company is led by CEO Steve Krupa. Funds managed by Blackstone will acquire a majority stake, and the company said it will use the proceeds to accelerate the continued expansion of its business. No operating metrics or revenue figures were disclosed in the article. HealthEdge Software provides technology products to the health insurance market, most notably HealthRules®, an enterprise solution suite built on patented technology. HealthRules is delivered to customers via the HealthEdge Cloud or as an onsite deployment. The company serves health insurers and is majority backed by Psilos Group Managers, LLC. Steve Krupa is the company's CEO. HealthEdge received a venture loan facility from Horizon Technology Finance; the amount was not disclosed. The company said it will use the funds for general working capital purposes. HealthEdge develops HealthRules, a software suite that integrates financial, administrative and clinical functions for healthcare payers. The company purchased Click4Care in late 2012, combining ThinkHealth’s predictive modeling and care-management capabilities with HealthEdge’s payer-focused platform. HealthEdge was founded in November 2004 and is based in Burlington, Massachusetts. Financially, the company has a mix of equity and debt financing: it recently closed a $30 million venture financing and previously refinanced its credit facility with a $17.5 million term loan from 5th Street Finance Corp and an undisclosed revolving loan from Silicon Valley Bank. Prior equity rounds cited in filings include a $13 million round led by Psilos Group Managers in April 2007 and $3.5 million rounds in July 2009 and June 2010. The company has not specified how it will deploy the new $30 million round, though recent industry events are noted as likely influences on strategy. HealthEdge provides an integrated financial, administrative and clinical platform for healthcare payors. Its next-generation product suite, HealthRules, is built on patented technology and is delivered via the HealthEdge Cloud or on-site deployment. The company says a growing number of payors are selecting HealthRules to reduce costs, engage members, improve transparency and quality of care, and support new business models and regulatory compliance. HealthEdge is a portfolio company of Psilos Group Managers and is based in Burlington, MA. Management stated the new financing will be used to accelerate the company’s position as the choice for healthcare payors and to drive innovation and cost reductions. The company is described as award-winning and focused on enabling payors to capitalize on opportunities in the evolving healthcare economy. HealthEdge Software, based in Burlington, develops software for healthcare payors. Its primary product, HealthRules, is a suite offering claims and benefit administration, business intelligence and portal solutions. The company built HealthRules on technology acquired from DeNovis Inc., paying more than $100 million for that technology. DeNovis went bankrupt in 2004 after burning through $125 million in VC backing, which is part of HealthEdge’s technology lineage. Financially, HealthEdge recently raised $3.5 million from eight unnamed investors in an offering composed of debt, warrants and options and has raised $7 million since last year across two offerings. In April 2008 the company also announced a $13 million commitment from Psilos Group.

No current team members are available.