Participated · Seed · Nov 2025

Scorbit operates a platform that connects vintage, offline and modern arcade machines to the internet, enabling real-time scoring, competition, payments, and community features through its mobile app and cloud software. The company is also developing the Scorbit Console, a B2B hardware and software solution aimed at arcade venues and other locations that host machines. Seed-stage beta tests are already live and providing early market validation, though no specific revenue or user numbers were disclosed. With the newly raised capital, Scorbit plans to expand its team, finalize its minimum viable product, and invest in R&D for both new hardware and expanded app capabilities covering payments, competitions, and global gameplay support. Co-founded by serial entrepreneurs Jay Adelson and Ron Richards, the Ann Arbor–based startup intends to pursue a Series A round in 2026 to fuel partnership expansion and nationwide scale.

Participated · Equity · Feb 2018

Studio launched last year with an app that delivers instructor-led, audio-only treadmill and outdoor running classes, pairing curated music with real-time coaching and competitive leaderboards. The service integrates with smartphones, smartwatches and now, through a new partnership, Life Fitness treadmills equipped with Discover SE3 HD consoles. This integration lets Studio pull distance and biometric data directly from the treadmill to rank users and display leaderboards on the console screen. New gym users will be able to authenticate quickly via Facebook, and while the content is initially free on Life Fitness machines, the company’s goal is to convert these athletes into $15-per-month subscribers. Studio believes hardware partnerships give it Peloton-like reach without manufacturing equipment, and it has bolstered its content team by hiring former Peloton head coach Lisa Niren as director of content and programming. Although no revenue or user figures were disclosed, the company’s model centers on recurring subscription income driven by a growing library of classes and broader gym exposure.

Participated · Seed · Jun 2016

Crowded.com is a mobile-first candidate network for hourly and on-demand workers where users can maintain an employment profile, get verified, engage in training and assessments, explore potential career paths, and get matched to hourly jobs and on-demand gigs. Led by CEO Howard Schwartz, the company was in private beta with 50,000 workers and hosted hundreds of workers at meetups at its company headquarters. On June 28, 2016, Crowded.com closed a $3.3M seed funding round. The round was led by Tokalon Ventures, with participation from ARC Angel Fund, EarlyStage.nyc Fund, Gambit Ventures and angel investors including Joseph Saviano. The company intends to use the funds to further develop its technology, accelerate expansion of its worker network and increase staff headcount. The financing supports the company’s plans to grow its network and staffing as it develops its platform.