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The Venture Codex

Friále

500 2nd St, Floor 0, San Francisco, California, 94107, United States

Overview

Friále invest in start-ups all over the world who are doing big things. They act like the investors they would want as founders. They know what this is, because they are founders themselves. They usually invest at the seed stage, with the aim to follow-on as the company grows.

Total investments
4
Lead investments
1
Investments · 12mo
1
Active investors
2

Sector focus

  • Financial Services
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Investment portfolio

  • Blaze

    Led · Seed · Aug 2026

    Blaze.tech provides a no-code platform that lets healthcare organizations, digital health startups, providers, and payers create and run HIPAA-compliant applications. The platform is positioned to convert AI-built prototypes into production-ready, secure solutions and is certified with HITRUST e1 and SOC 2 Type II. Customers use Blaze for a range of workflows including healthcare SaaS, e-prescribing, EHR integrations, and auditing. The company was founded by Nanxi Liu and Tina Wojcik, described as second-time founders. The articles do not disclose revenue, user counts, or other financial metrics.

  • Elpha

    Participated · Seed · Nov 2019

    Elpha is a hybrid social and professional network that offers public forums and direct messages to help women in tech foster relationships and build their careers. The product was conceived inside Y Combinator and was spun out and rebranded by CEO Cadran Cowansage with co-founder Kuan Luo after Cowansage built an internal tool for YC. Elpha charges companies $12,000 in annual subscription fees to identify potential hires and currently has 20 paying customers, including venture-backed startups like Lambda School and Webflow. The team plans to use new funding to hire, host events, and continue product development, including a mobile app expected next year. Leadership says the company aims to expand beyond tech into media, science, medicine and other industries and to create sub‑communities for those fields. The startup positions itself to serve women with a tailored networking alternative as larger platforms like LinkedIn move slowly. Elpha (formerly Leap) is a professional networking platform for women in technology that offers editorial content and a member directory to facilitate connections. The service also surfaces information about companies that prioritize welcoming women. The company was launched in 2017 with support from Y Combinator. Founders Cadran Cowansage, Abadesi Osunsade and Kuan Luo lead the effort; Abadesi previously led community at Product Hunt and Kuan designed a retreat for women leaders. Initially a nights-and-weekends project, Elpha now reports 7,500 active members. Y Combinator has invested in the company as it spins out and moves through YC’s winter batch.

  • Inscribe

    Participated · Seed · Dec 2018

    Inscribe offers an AI-powered document fraud detection service that parses, classifies, and data-matches financial onboarding documents to flag discrepancies. The platform digitizes names, addresses, bank statement transactions and other document details to generate individual customer risk profiles and snapshots of bank statements. In September the company added a credit analysis and bank statement automation component that extracts cash-flow details, transaction parsing, and pay stub parsing to support lending decisions. Inscribe trains models on hundreds of millions of data points and says its AI-first approach leverages original datasets collected through customer partnerships. Customers include TripActions, Ramp, Bluevine and Shift, and the company employs about 50 people with plans to roughly double headcount over the next 12–18 months. Financially, Inscribe has raised $38 million to date, including a $10.5 million Series A in April 2021 and a recent $25 million Series B. Inscribe delivers document-fraud detection via an API and web platform that combines document forensics, a global data network, and automated verification. Its forensics examine file structure, pixels and metadata while the data network identifies patterns from a repository of fraudulent documents; verification extracts and matches fields such as name, address, dates and income to institutional records. The company is used by fintech lenders, banks and payment processors including BlueVine, Credito Real and Amount, along with numerous Fortune 500s. Inscribe detects more than $40 million in fraudulent documents per month and has experienced 12x year-over-year growth. To date it has raised nearly $14 million and plans to use new financing to fund product development and go-to-market activities. Core hiring plans include expanding its U.S. go-to-market team and growing its product and engineering team in Dublin. Inscribe automates the process of identifying fraudulent documents using a combination of image forensics and machine learning, delivered via an API and a web platform. The solution checks fonts, colors, and shapes using forensics methods to find signs of photo- or PDF-editing, cross-checks names, transaction amounts, and addresses between documents, and queries public and private databases for blacklisted names, addresses, phone numbers, and transaction amounts. The platform is being piloted with multiple lending companies and a range of small businesses, from property management firms to cryptocurrency exchanges. The company is led by co-founder and CEO Ronan Burke and is based in San Francisco and Dublin. Inscribe secured $3M in seed financing to support its growth. The company intends to use the funds to accelerate customer growth and expand its engineering team in Dublin.

  • Tizeti

    Participated · Series A · Sep 2018

    Tizeti is a Lagos-based wireless ISP that uses solar-powered base stations and wide-area Wi‑Fi to provide unlimited high-speed internet to residential buildings, commercial establishments, and hotspot users. Through an extensive network across five Nigerian states it serves over three million users and has also launched operations in Ghana and Ivory Coast. The company plans to expand coverage to 15 Nigerian states, including Delta, Akwa Ibom, Cross River, Abia, Anambra, Imo, Enugu, Abuja, Kano, and Kaduna. To finance that build-out Tizeti secured long-term debt financing from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF). Tizeti will use the funding to construct new last-mile infrastructure and purchase additional equipment to increase capacity and coverage. CEO Kendall Ananyi said the expansion aims to make Tizeti the largest internet service provider in Nigeria by coverage and to deepen digital inclusion. Tizeti operates the Wifi.com.ng brand, delivering unlimited, uncapped high-speed broadband via solar-powered wireless towers to residences, businesses, events and conferences. The company says its network covers more than 70% of Lagos and has installed over 7,000 public Wi‑Fi hotspots, serving about 150,000 users since graduating from Y Combinator's winter 2017 batch. Tizeti has partnered with Facebook to offer Express Wi‑Fi and roll out hubs across Abuja. The startup plans to expand beyond Nigeria and is launching a new brand, Wifi.Africa, to enter the Ghana market. Its product strategy emphasizes cost-effective, point-to-multipoint wireless technology combined with solar infrastructure to lower data costs. Tizeti recently secured funding to support these expansion plans. Tizeti operates Wifi.com.ng, building and operating solar-powered towers to deliver reliable, affordable Wi‑Fi to hundreds of residential areas and SMEs across Lagos. The company also offers VOIP and video-on-demand services and has been constructing its own solar-panel towers to be more competitive on price. Tizeti provides an affordable and flexible payment structure for customers. It is led by Y Combinator alumni Kendall Ananyi and Ifeanyi Okonkwo (Winter 2017 cohort) and is based in Menlo Park, CA and Lagos, Nigeria. The company closed a $2.1M seed funding round to support expansion plans. Tizeti plans to extend services across Lagos and the South-South region by launching an Xfinity Wi‑Fi–like hotspot service and adding 3,000 new public hotspots across Lagos.

Team