Participated · Series C · Jun 2022

Submittable provides a platform used by thousands of corporations, governments, and philanthropic organizations to manage social impact programs, from grants and awards to government relief funds and corporate social responsibility efforts. The platform streamlines program management from first application to final report with workflow automations, funds distribution services, and reporting tools. Customers have launched more than 134,000 programs and the platform has taken in nearly 22 million applications to date. In the three years since its Series B, the company has nearly doubled in size and opened a second location in Bellevue, Wash., alongside its headquarters in Missoula, Mont. The new funding will allow Submittable to expand its products and features—especially for corporate social responsibility—while growing its team and platform to meet increasing demand. The company expects to double headcount again and expand its office space in the next 18 months. Submittable provides a platform to manage submissions and applications across multiple industries, originally focused on literary magazines and now serving corporate, academic, philanthropy and publishing verticals. The product lets customers collect, review and rank submissions using granular criteria such as sentence structure and voice. The company has signed customers including AT&T, HBO, Condé Nast, Harvard and MIT. Planned product work includes a mobile launch and a marketplace described as a "ZipRecruiter for Opportunities" that would match people and organizations based on Submittable data. Submittable is based in Missoula, Mont., and is led by co-founder and CEO Michael FitzGerald. The company reported a headcount of 88 and plans to expand to about 240 employees by the end of 2020. Founded in 2010 and based in Missoula, Montana, Submittable provides submission-management software used by more than 9,000 companies to track manuscripts, applications, résumés and contest entries. The company began focused on literary magazines and has expanded to serve organizations including TEDx, The New Yorker and Stanford University. Submittable’s product can algorithmically generate recommendations for writers and filmmakers, a capability CEO Michael FitzGerald frames as an "opportunities marketplace." The startup plans to build that marketplace further, enabling businesses to promote calls for submissions and offering a potential premium writer product. Its core business model remains selling submission-management SaaS to organizations, while exploring additional revenue from advertising and premium features. At the time of the raise the company was already profitable and employed more than 35 people. Submittable provides a platform for publications and businesses to receive, track, and manage submissions, with early customers including literary magazines and newer clients such as CBS, Simon & Schuster, and the NCAA. The company added an API last fall to allow customers to publish Submittable content directly to their sites and to build custom interfaces, and it launched a mobile version in January. Co-founder Michael FitzGerald, a published novelist, has described the company’s ultimate vision as becoming the on‑ramp for all content and media in organizations. Submittable was Y Combinator‑backed and remains headquartered in Missoula, Montana. FitzGerald says the company is profitable, and the product development and client wins suggest continued organic growth. Submittable is a Y Combinator–backed software-as-a-service platform that helps publishers and other organizations collect and manage submissions. Its file-agnostic forms accept documents and media, including YouTube, Vimeo, and SoundCloud links, and each submission is organized in a dashboard for teams to assign, label, vote, and track progress. Submitters have an interface to monitor the status of their submissions. Customers include literary magazines such as The Colorado Review, The American Scholar, The Believer, and Ben Trovato, as well as MIT (for its Clean Tech business plan competition), literary agents, SMBs, and organizations running contests. The company offers simple SaaS pricing and an optional small per-submission fee (usually $2–$5), a feature used by "hundreds" of customers. Submittable generated $1 million in its first year and was on track to do $2.5 million in the current year. The company was founded in Montana.

Participated · Series C · Aug 2021

Genome Medical operates as an independent virtual medical practice powered by a digital health technology platform (its Genome Care DeliveryTM platform) to deliver on-demand genetic insights, clinical assessments, test ordering and personalized care plans. The company partners with health systems, providers, health plans, employers, labs and biopharma to expand access to genomic medicine. Genome Medical announced the acquisition of GeneMatters, which will operate as a wholly owned subsidiary focused on expanding genetic services to community health systems and other partners. The company plans to use proceeds from its recent financing to expand its team and further develop configurable technology solutions, physician services, test ordering capabilities and guidelines-based care plans. Headquartered in South San Francisco, Genome Medical positions itself to accelerate adoption of genomic services across health systems, research studies, health plans, employers and diagnostic labs. Genome Medical is a telegenomics technology, services and strategy company that delivers virtual genetic care through a nationwide network of genetic specialists and its Genome Care Delivery technology platform. The company provides expert virtual genetic care for individuals and their families and helps health care providers and patients navigate genetics to understand disease risk, accelerate diagnosis, inform treatment decisions and lower cost of care. Its solutions are utilized by health systems, hospitals, payors, providers and employers, and the company also serves patients directly and accepts self-referrals. Led by CEO and co-founder Lisa Alderson, Genome Medical focuses on applying genomic-based medicine across clinical settings. The company intends to use new funding to accelerate development of its Genome Care Delivery platform for cancer, reproductive health and pharmacogenomics. Since 2016 the company has raised a total of $60M, including the latest round. Genome Medical operates a cloud-based genomic care delivery platform that provides on-demand access to genetic experts for virtual visits, provider-to-provider consults, genetic wellness assessment, and screening for population health management. The company partners with hospitals, health systems, payers, providers, and employers to make genomic medicine accessible to patients nationwide. Led by co-founder and CEO Lisa Alderson, Genome Medical is based in South San Francisco, California. The company plans to scale its team of clinical genomics specialists and accelerate development of its proprietary genomic care delivery platform using the new funding. Financially, Genome Medical has raised a total of $46M since its founding in 2016, including the current Series B. The new capital is intended to expand service delivery and product development across its healthcare and employer customers. Genome Medical operates a telegenomics platform that connects a network of clinical genetics experts with patients and clinicians to provide genetic counseling and physician services. The company delivers genetic counseling in all 50 states and physician services in 30 states, covering nearly three-quarters of the U.S. population. It accepts insurance billing, institutional billing, and direct patient payment. Genome Medical plans to expand all services nationwide in 2018 and to deepen clinical offerings in cancer genetics, cardiovascular genetics, reproductive health and proactive health. The company was co-founded in 2016 and is headquartered in San Francisco. It has raised more than $23 million in financing to date. Genome Medical operates a telehealth platform that connects patients with genetic counselors, geneticists, or contracted specialists for phone or video consultations. The service is designed to increase access and reduce wait times, offering next-day scheduling and working toward same-day appointment capabilities. Consultations currently cost $149 for a video visit, and the company is pursuing insurance coverage. Genome Medical offers both pre-test “proactive health” counseling and post-test consultations that include a detailed clinical action plan. The company has formed partnerships (including Good Start Genetics) and is building out a team of doctors to integrate genetic testing into clinical care. It was founded by CEO Lisa Alderson with Randy Scott and Harvard Medical School geneticist Robert Green and has raised $12 million in funding from institutional investors.

Participated · Series A · Oct 2013

ByteLight provides a software solution that leverages existing lighting infrastructure in retail outlets and large venues to pinpoint users and deliver targeted information, redemptions, maps and services. The company is led by co-founder and CEO Dan Ryan. ByteLight is currently piloting its indoor location solutions with global retailers, including three of the top ten. It raised $3M in Series A financing to support growth. The company will use the capital to accelerate expansion in the retail sector and to further develop its platform. Backers include strategic investors and angel networks, which the company expects to help with market rollout. ByteLight develops LED-based indoor positioning technology that enables precise location targeting inside buildings. Its solution allows commercial and enterprise building owners, public safety officials, retailers and public-space operators to deliver customized information, offers and other data to users based on their indoor location. The company partners with LED lighting manufacturers to embed its technology directly into lighting products to bring the solution to market. ByteLight was co-founded by CEO Aaron Ganick and CTO Dan Ryan and is based in Cambridge, MA. The company raised $1.25m in funding to build its team, deploy at pilot locations and expand its ecosystem of partners.

Led · Series A · Jul 2013

Digabit is a Lakewood, CO-based provider of solutions for aftermarket sales, ERP integration, and 3D parts catalogs for manufacturing companies and asset-intensive industries. Led by CEO and co-founder Alan Sage, the company offers Documoto, a web library for technical documentation including electronic parts catalogs, and a suite of supporting products including Docustudio and Docuview. It is preparing to release Documobile soon. Digabit completed a $3M Series A equity financing and said it will use the funds to accelerate product development. Trevor Loy of Flywheel Ventures joined the board and assumed the role of Chairman in conjunction with the financing.

Participated · Equity · Sep 2012

TrackVia offers a low-code application platform that enables businesses to create custom web and native mobile applications to unite executives, managers and workers with their data, processes and collaboration in one environment. The platform targets large and mid-size enterprises and is used by customers including Honeywell, General Electric, DIRECTV, Stearns Lending and Brinks. TrackVia’s platform is accessible on any device and focuses on digitizing critical operational workflows and field processes. Following the investment, management will remain actively involved in day-to-day operations and growth strategies. The company intends to use the funds to expand its product offering and broaden customer reach in the market. Macquarie Capital served as exclusive financial advisor to TrackVia in the transaction. TrackVia offers an online, do-it-yourself application builder that enables business users to create custom workflow and vertical applications without heavy IT involvement. The platform is positioned as a faster, lower-cost alternative to custom development and generic SaaS, claiming up to 80% cost savings and deployment in hours or days. Customers span startups to Fortune 500s and the company serves thousands of users across more than 40 countries. TrackVia is sold on a month-to-month subscription plan and has been used to build CRM, HR, inventory, support case management and vertical industry applications. Management is led by CEO Pete Khanna and co-founder/COO Chris Basham; recent board additions include investors from the new financing. The company plans to use the new capital to accelerate expansion of its sales, marketing and engineering teams. TrackVia offers an online database with a point-and-click interface the company describes as “easy as a spreadsheet, powerful as a database.” The product is positioned to combine spreadsheet ease with database functionality through a point-and-click UX. TrackVia was founded in 2005 and is based in Denver. The company recently raised its first round of venture funding, though the amount was undisclosed. Backers include Flywheel Ventures and Access Venture Partners, with participation from several angel investors including Tim Draper. Reporting did not disclose revenue, user metrics, valuation, or specific future plans.