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The Venture Codex

FS Investors

1250 Prospect St Ste 200, La Jolla, CA, 92037, United States

Overview

FS Investors is a private investment entity with a long term, captive pool of capital.

Total investments
4
Lead investments
2
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Small Door

    Participated · Series B · Dec 2022

    Small Door Veterinary operates a membership-based veterinary care model that combines primary care, stress-free clinic environments, 24/7 telemedicine, and transparent pricing. The company emphasizes hospitality-grade service alongside clinical rigor to improve experiences for pets, pet parents, and medical teams. Small Door currently operates across the Northeast and Mid-Atlantic and is expanding nationally, recently opening practices in McLean, VA and Park Slope, Brooklyn. The company hired Kristen Lombardi as its first-ever Chief Operating Officer to support scaling operations. Small Door raised $55 million in new capital—$35M equity and a $20M debt facility—to fund growth, strategic new openings, and investments in member services, medical operations, and technology infrastructure. Management says it will continue growing in core markets while preparing for thoughtful, sustainable expansion. Small Door operates a membership-based, technology-powered veterinary care platform that combines in-person clinics with 24/7 telemedicine and modern facilities staffed by veterinarians trained at top programs. The company emphasizes personalized, high-engagement care and reports among the highest engagement rates in the industry measured by visit frequency and ARPU. Small Door currently operates five practices in New York City and has delivered tens of thousands of member consultations; its most mature units have generated healthy cash flow. It is a Certified B Corp and operates AAHA-accredited practices. The company plans to use new funding to expand beyond New York into Boston and Washington, D.C., opening five new locations in the first half of 2023. Funding will also support continued development of the Small Door platform. Small Door Veterinary is a New York–based membership veterinary care company that provides membership-based care, 24/7 telemedicine, and transparent pricing delivered with hospitality in spaces designed by animal experts. The company opened its first location in Manhattan’s West Village in early 2020 and will open a second practice on the Upper East Side in 2021. Co-founded by Josh Guttman and Florent Peyre, Small Door plans to expand its physical footprint to 25 locations by 2025. Small Door intends to use the funds from its recent raise to expand operations and its business reach. The company also announced that CityMD co-founder and Chief Growth Officer Nedal Shami has joined its board of directors. Financial operating metrics (revenue or user counts) were not disclosed in the article. Small Door operates a membership model that gives members a set number of annual check-ups, priority access to specialists, and virtual access to veterinarians based on membership tier. The company says the membership revenue model lets vets spend more time with each patient and reduces waiting-room wait times. Small Door was founded as a Public Benefit Corporation and emphasizes the wellbeing of vets and pets as key stakeholders. The startup plans to use new funding to further build out its team and product. It also intends to open its first Small Door clinic in New York City in the fall. The company has raised a seed round to support these expansion and product efforts.

  • Yummers

    Participated · Seed · Oct 2022

    Yummers is a Los Angeles-based omni-channel pet lifestyle brand co-founded by Antoni Porowski, Jonathan Van Ness, Rebecca Frechette Rudisch, and Caravan. The company sells a first line of premium products that includes 18 varieties of high-quality food mix-ins for dogs and cats, offered as "Gourmet Mix-Ins" and "Functional Mix-Ins." Products are sold direct-to-consumer at YummersPets.com, on Petco.com, and in more than 1,000 Petco locations nationwide. Yummers plans to use the capital to support its omni-channel brand strategy and a national partnership with Petco to reach high-value pet parents across the U.S. The company’s board will include representatives from investors and existing partners, positioning them to scale distribution and marketing efforts.

  • Carbicrete

    Led · Series A · Mar 2022

    CarbiCrete develops a concrete process that replaces traditional cement with a steel-industry byproduct and cures products using carbon dioxide that remains permanently sequestered. Its technology is already deployed at facilities such as Patio Drummond in Drummondville, which produces pavers and exterior landscaping products. The company announced an international production launch in France at a POINT.P (Saint-Gobain) facility. CarbiCrete received a $1M federal grant to broaden its range of decarbonized outdoor paving products and commercialize a full offering for residential, commercial and institutional markets. Management, led by CEO Gary Belisle, says the funding will also help advance plans for a large-scale dedicated manufacturing plant. The company has previously benefited from other federal programs supporting deployments in Quebec and Ontario and is positioning for further domestic and international expansion.

  • LeddarTech

    Led · Series D · Feb 2022

    LeddarTech develops LiDAR sensors using an approach described as an advanced combination of optical-wave signal processing and software algorithms. The company relies on patented software to improve the sampling rate and resolution of LiDAR "echo" signals. Those improvements enable its LiDAR systems to capture distance information for all objects within the field of view. The article describes its core solution in technical terms but does not provide product lines or customer details. Financially, LeddarTech recently received a $59 million strategic investment. No revenue, user metrics, investors, or further financial details are provided in the report. LeddarTech is described as a global leader in flexible, robust and accurate ADAS and AD sensing technology. The company has evolved into a comprehensive end-to-end environmental sensing provider that helps customers solve sensing, fusion and perception challenges across the value chain. Core products include LeddarVision, a raw-data sensor fusion and perception platform supporting Level 2+ to Level 5 autonomy, LeddarSteer digital beam steering, and the LiDAR XLRator development solution built on the LeddarEngine. LeddarTech supports LiDAR makers and Tier 1-2 automotive system integrators and holds over 100 granted or pending patents. The company says it will use recent financing to accelerate development and commercialization and to augment engineering resources to meet demand from global OEM and Tier 1-2 customers. Management emphasizes enabling customers to deploy reliable, cost-effective ADAS and autonomous-driving solutions across brands and markets. LeddarTech provides a versatile and scalable automotive LiDAR development platform built around its LeddarEngine. The LeddarEngine pairs automotive‑grade, functional‑safety certified SoCs (LeddarCore) with LeddarSP signal‑processing software. The company’s patented technologies target ADAS and autonomous‑driving applications across automobiles, trucks, buses, delivery vehicles, robotaxis, shuttles and more. LeddarTech reports strong traction, with six tier‑1 vendors actively developing automotive‑grade LiDAR solutions based on its systems‑on‑chip and additional interest from other prospective strategic partners. To accelerate product introduction and scale its organization, the company closed a bridge financing and plans to expand its research and development teams. Management said the funds will support go‑to‑market efforts and organizational growth as it pursues further opportunities. LeddarTech is a Quebec City, Quebec, Canada-based provider of automotive-grade solid-state LiDARs. Led by CEO Charles Boulanger, the company develops Leddar, a patented solid-state LiDAR sensing technology that combines advanced light wave digital signal processing and software algorithms. Its sensors are used across automotive, intelligent transport systems, drones, and industrial vehicles. The company raised US$101 million in a Series C financing to support its growth. LeddarTech intends to use the funds to enhance its ASIC development efforts, expand its R&D team, and accelerate ongoing LiDAR development programs with select Tier‑1 automotive customers for rapid market deployment. LeddarTech supplies advanced detection and ranging systems based on patented sensing technology that performs time-of-flight measurement using pulses from infrared LEDs processed through algorithms. Its Leddar technology ranges from off-the-shelf sensor kits for makers to customized solutions for large volumes, offering integration opportunities to brand owners, integrators and OEMs. Led by CEO Charles Boulanger, the company targets a wide range of object detection under various environmental conditions. LeddarTech completed a $7M equity financing to support its growth. The company intends to use the funds to accelerate sales and marketing for its sensor modules and to support the ramp-up of its manufacturing and service operations. In coming quarters the team will focus on increasing brand visibility in key sensor markets and accelerating trial and adoption through commercial relationships with strategic customers and partners worldwide.

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