Led · Equity · Dec 2025

Founded in 2020 by Daniel Taylor, William Hayden, and Ignacio Semerene, New-York-based Bags turns QuickBooks data into actionable financial guidance by combining responsible AI with human expertise and CFO-quality reporting. Its platform pinpoints bookkeeping errors, explains their root causes, and recommends fixes, while also surfacing access to more than $10 billion in potential credit. Companies using Bags report an average 250 % year-over-year growth, are 4.5× more likely to receive funding, and secure financing five times faster than the national average. The service is positioned as an affordable alternative to traditional fractional CFOs, which can cost $10k–$20k per month. With total funding now at $7 million, Bags plans to deepen its product capabilities and broaden partnerships with mission-driven lenders and CDFIs. Upcoming pilots with TruFund Financial Services and additional CDFIs and MDIs in 2026 aim to streamline borrower preparation, packaging, and post-loan support. Ultimately, Bags envisions a future where small businesses are well-capitalized, financially literate, and poised for sustainable growth.

Participated · Series A · Apr 2023

BlueMark provides independent impact verification and intelligence to investors and other market participants, assessing impact management practices and the completeness and reliability of impact reporting. Its verification methodologies draw on industry standards and frameworks including the Impact Management Project, the Operating Principles for Impact Management, PRI, SDG Impact, and the EU's SFDR. The company was founded in January 2020 as a spinoff from Tideline and is led by CEO Christina Leijonhufvud. BlueMark has completed 125 verifications to date for investors with a combined $206 billion in impact AUM. The firm sells verification and intelligence services to the impact and sustainable investing market and intends to use new funds to expand operations and broaden its business reach. BlueMark provides independent impact verification services that assess both Impact Management Practice (systems and processes) and Impact Performance (reporting approaches) for investors and companies. The firm has completed more than 60 impact verifications across a broad range of asset managers and asset owners. Its services also cover impact labeling and classification (including alignment with SFDR and the UN SDGs) and ESG practices and performance reporting by portfolio companies and fund managers. BlueMark is an independent subsidiary of Tideline and is led by CEO Christina Leijonhufvud. The company plans to use the new funding to expand its verification services across different industries and geographies. BlueMark’s mission is to strengthen trust in impact investing and increase accountability for impact.

Participated · Series B · Feb 2023

Novata offers a technology platform and ESG solution designed to help private-market investors collect, manage, and analyze non-financial data. The platform streamlines data collection, provides benchmarking and analytics, and contextualizes metrics to inform reporting and action. Novata launched commercially in April 2022 and added benchmarking capabilities in November 2022 to enable comparisons against public and private market industry averages. The company reports more than 3,500 private companies contracted to use its platform. Novata positions itself as a neutral, partner-agnostic intermediary to improve ESG transparency and reliability across the private markets. It is structured as a public benefit corporation and is majority controlled by mission-driven organizations and its employees. Novata offers a three-part, open-architecture ESG solution for private markets that includes a streamlined ESG reporting framework, a contributory database, and a secure, fee-based platform for data capture, analysis, reporting and benchmarking. The company positions its framework as free for all companies immediately to leverage, with a paid platform for objective ESG data and benchmarking against private and public peers. Novata was formed in partnership with the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network and is majority-controlled by mission-driven organizations and its employees. Beta customers are slated to access the platform before the end of the year, with broad access due to launch in early 2022. The company emphasizes an ecosystem approach that brings together non-profit and for-profit sectors to drive impact toward inclusive capitalism. Novata’s founding consortium and approach aim to address fragmentation in private-market ESG standards.

Participated · Series C · Jun 2017

Cadre operates a technology-driven platform that enables qualified individuals and institutions to invest alongside institutional buyers in vetted commercial real estate assets and offers a secondary market to provide potential liquidity. The company recently launched the Cadre Direct Access Fund, a curated portfolio product with lower minimums, lower fees, improved underwriting and designed to accommodate investors outside the United States. Cadre combines institutional real estate experience with technology to increase transparency and reduce costs for investors. The firm has closed more than $3 billion in real estate transactions across 16 markets, delivered greater than 18% net IRR on four completed property sales, and returned more than $168 million of capital to investors to date. Cadre will expand its corporate footprint to Abu Dhabi as part of a strategic partnership with DisruptAD to broaden access between regional investors and U.S. commercial real estate. Cadre is a New York–based online platform that lets accredited investors invest directly in commercial real estate deals. The company assembles portfolios of real estate stakes and passes investments to clients for an upfront fee and a recurring subscription. Cadre works with more than 200 real estate operators and requires a $100,000 minimum investment from accredited investors. It employs about 75 people in New York and has raised more than $130 million from investors including Peter Thiel, Jim Breyer, the Ford Foundation, General Catalyst, Khosla Ventures and Thrive Capital. Goldman Sachs’ private wealth clients have committed $250 million to be funneled into Cadre-assembled real estate portfolios, giving the company access to a larger pool of buyers. Cadre is building a secondary marketplace to let investors trade property stakes and plans to expand its offerings over time to include real assets such as farmland, private equity and credit. The company intends to establish brand equity with accredited investors before broadening its market. Cadre builds a technology-driven platform to simplify real estate investing for family offices, endowments and other wealthy investors. The company aims to expand beyond servicing wealthy investors over time to reach a more diverse set of customers. Cadre raised $65 million in a Series C led by Andreessen Horowitz, which strengthens its financial position following earlier rounds. The startup previously closed a $50 million Series B in January 2016 and raised $18.3 million in Series A in 2015. The round attracted investors such as Breyer Capital, the Ford Foundation, General Catalyst Partners, Goldman Sachs, Khosla Ventures and Thrive Capital. Cadre was co-founded by Ryan Williams, Joshua Kushner and Jared Kushner and is based in New York. Cadre operates an online platform that provides institutional deal flow and lets investors cherry-pick transactions instead of placing capital into funds or real estate investment trusts. The core product is a marketplace/vehicle for direct investment in real estate, focused initially on proven, income-producing assets. The founders began work on the venture in the fall of 2014 and have been operating in stealth beta. Investors including family offices and sovereign funds have already closed roughly $50 million of deals through the platform. Cadre has secured a $250 million backstop from a large family office and raised $18.3 million in a Series A. The company plans to generate revenue from transaction fees and other fees. Ryan Williams is overseeing day-to-day operations, Andrew Borovsky leads product, and Jared and Joshua Kushner serve as strategic advisors.

Led · Debt Financing · Nov 2014

BeneStream's signature product, Medicaid Migration™, identifies and connects qualified employees to government-sponsored health insurance and other benefits. The product leverages Medicaid expansion under the Affordable Care Act to help workers and families access more affordable coverage and to deliver cost savings as part of employer health packages. BeneStream's broker partner network includes more than half of the nation’s leading brokerages, and the company partners with processors of the Work Opportunity Tax Credit (WOTC). The founders launched the business with a grant from the Ford Foundation and support from Stax Inc.'s Dev Co., which helped develop the company's core business model. The company recently closed its Series A after an additional $2.0 million investment, bringing the total Series A to $6.26 million. Leadership has signaled plans to pursue national-scale distribution and has added new board representation following the investment. BeneStream's core product, Medicaid Migration™, identifies and moves eligible employees onto government-sponsored insurance to deliver cost savings for employers. The company sells this service through broker partnerships and is currently working with more than half of the top 10 largest brokerages. BeneStream raised $4.26 million in a Series A round to support anticipated demand around the fall enrollment period. Management says the company will use the funds to deepen broker partner networks and expand relationships with firms that process the Work Opportunity Tax Credit (WOTC). BeneStream is investing in partnerships with Human Capital Management providers to tie its Medicaid Migration product to federal and state hiring incentives. The company was launched with support from a Ford Foundation grant and Stax Inc.’s Dev Co., and is led by CEO and founder Ben Geyerhahn; Michael Sachs will join the board as chairman. BeneStream provides employers a paid service to satisfy the ACA Employer Mandate by screening and enrolling qualifying employees into Medicaid rather than private insurance. The company combines screening and monitoring software with a multilingual call center to identify and enroll eligible workers and to generate data that can help employees apply for other benefits such as SNAP and Lifeline. BeneStream says it is contracted to work with tens of thousands of workers across Medicaid expansion states and targeted screening of 10,000–15,000 people per month in 2015. The company plans to expand its geographic and operational reach among Medicaid expansion states and has a stated goal to identify and enroll 2 million Medicaid-eligible employees. CEO and founder Ben Geyerhahn leads the company and its Board of Advisors includes figures from labor, health insurance, and health tech sectors. Financially, the company has received external funding to scale operations, including the recent Ford Foundation financing. BeneStream offers an alternative solution that enables employers to assess which low-income staff qualify for Medicaid and guides qualifying employees through the enrollment process. The company combines screening and monitoring software with a multilingual call center to simplify a typically confusing and time-consuming process for employees. BeneStream positions this service as a way for employers to ensure staff have coverage, avoid fines, and significantly cut their insurance costs—CEO Ben Geyerhahn said businesses can save between 80% and 90% of premium costs. The firm raised $1.58 million in a seed round from angel investors to support anticipated demand when the Employer Mandate took effect on January 1, 2015. Its board of advisors includes figures from labor, health insurance, and tech investment sectors such as Andy Stern, Esther Dyson, Kevin Hill, Martin Babinec, and Ashok Subramanian. The company was founded by Benjamin Geyerhahn and leverages its technology and call-center operations to shepherd eligible workers into Medicaid coverage.