Participated · Equity · Aug 2022

Grasshopper is a client-first digital bank that provides tailored banking solutions for small businesses, startups, venture capital and private equity firms, fintechs (BaaS), and commercial clients. Its product set includes secure depository accounts, flexible lending (including SBA, commercial real estate, and yacht lending), commercial APIs, and white-labeled consumer banking. Following a merger with Auto Club Trust, FSB, Grasshopper is expanding consumer offerings through an affinity partnership with The Auto Club Group while continuing to deepen business banking capabilities. The company plans to scale its technology and broaden its product suite to serve a wider and more diverse customer base. Grasshopper reported strong growth: total assets grew 53% to $1.33 billion, total deposits rose 81% to $2.37 billion, and total loans reached $961.8 million at June 30, 2025 (up 49% versus December 31, 2024). The bank is headquartered in New York and positions itself as a full-service, industry-focused digital bank. Grasshopper Bank is a digitally native commercial bank focused on serving the innovation economy and steadily growing, profitable companies, including regionally focused businesses and ecosystem service providers. The bank emphasizes streamlined, digitally driven services—account opening can be completed online in under ten minutes—and uses technology to underwrite loans with new criteria so it can serve companies that need smaller financings (under $5 million). Grasshopper aims to act as a partner to entrepreneurs, provide referrals for financing options it does not offer, and improve access for women- and minority-owned businesses. Judith Erwin, the CEO, draws on prior experience helping found Square 1 Bank and leadership roles at Comerica, Imperial Bank, and Plaza Bank of Commerce. Grasshopper opened to beta testers on May 13, 2019 and planned a broad rollout in early 2020. The bank built an expert, independent board and secured regulatory approval as the first OCC-chartered bank in the Northeast in more than ten years (the ninth charter since the 2008 crisis).

Participated · Series A · Jun 2022

Henry provides a cloud-based integrated electronic medical record, ordering, and billing system designed as a cloud-native alternative to traditional on-premise hospital systems. Since launching for hospitals in February 2023, the company reports customer outcomes including increases in bed occupancy from 60% to 100%, revenue uplifts of up to 30%, and reductions in staff overtime of 70–80%, with at least one Osaka hospital exempting doctors from night shifts. Henry plans to add AI features such as voice input, automated workflow generation, and AI-driven billing agents, and to expand value-added services and BPO offerings for facility, clerical, and nursing operations. Financially, Henry has raised approximately ¥5.7 billion to date, including the ¥3 billion Series C, following a ¥730 million Series A and a ¥1 billion Series B. The company was founded in May 2018 and is led by CEO Akito Sakasegawa.

Led · Equity · Oct 2018

Tresata is an enterprise software company co-founded in 2011 by Abhishek Mehta and Richard Morris that delivers AI-powered, cloud-first automation software to solve complex data problems. The company serves large enterprises addressing challenging issues including anti-money laundering, population health, and omni-channel marketing. Tresata is recognized as a pioneer in the Big Data software market and has been ranked the fastest growing analytics software company in America. The firm is based in Charlotte, NC and also maintains offices in New York and Chicago. In October 2018 Tresata received a $50M growth capital investment that valued the seven-year-old company at $1 billion. The company will use the funds to expand adoption of its solutions globally.

Led · Series B · May 2018

Mobilewalla operates a consumer-intelligence mobile platform that uses big data, AI and machine learning to deliver granular demographic, behavioral and systems-usage insights. The platform covers more than 1.3 billion consumers across 31 countries and is a Nielsen-verified provider of mobile audience insights. Mobilewalla’s business model is licensing data to B2C enterprises, with customers in telecom, retail, CPG and financial services. The company says it is GDPR-compliant, does not collect personally identifiable information, engaged a privacy-focused law firm, and appointed Jay Clark as Data Protection Officer in November 2017. Near-term plans include expanding the global footprint (Japan, Korea, Australia), establishing a U.S. enterprise revenue team, and increasing engineering and data-science headcount. Mobilewalla offers app search/discovery and an app developer analytics platform that aims to produce "Quantcast-like" mobile audience measurements by organizing mobile users into demographic groups. The company clusters nearly 2 million indexed apps into small buckets (roughly ~100 apps per bucket) using machine learning and big-data techniques, assigning each bucket a reference app with known demographics. Clients query Mobilewalla's APIs to return apps matching narrow demographic selections in real time; early customers include InMobi and several real-time bidding exchanges. Since debuting its analytics in March the service amassed over 3,500 publishers and the company now maintains about 65 terabytes of app data (it had previously amassed ~50 TB and was adding ~1 TB per week). Mobilewalla plans to expand engineering and product management headcount, grow from a 13-person team to about 30 employees in six months, and relocate from Atlanta to Seattle. The company took its first outside capital with this recent funding; the article does not disclose valuation or instrument specifics.

Participated · Series B · Oct 2016

Cassia Networks builds the Cassia Hub, a Bluetooth router that enables long-distance and remote control of up to 22 Bluetooth devices without requiring changes to the Bluetooth end devices. The company is launching a patent-pending feature called Cassia BlueStream™, which lets users set up multi-room Bluetooth speaker systems and stream from any app or Bluetooth audio source. Cassia targets enterprise solutions across audio, medical & health, senior safety, education, fitness & sports, and other industrial applications. Led by CEO Felix Zhao, the company plans to use new funding to scale operations and support those enterprise offerings. Financially, Cassia raised $10.27m in this Series B and has raised over $13m to date. The company was founded in 2014 and is based in San Jose, CA.