Led · Equity · Jul 2025

Gupshup operates a conversational AI and messaging platform (Conversation Cloud) that enables businesses to automate complex customer interactions with AI Agents across text and voice. Its product suite includes AI Agents, Click to Chat Ads, AI Campaign CoPilot, Agent Assist, Personalize, and Campaign Manager. The platform serves 50,000+ customers in 130+ countries and processes over 120 billion messages annually. Industry analysts such as Gartner, IDC, and Juniper have recognized Gupshup for its AI capabilities and market leadership. The company plans to use new funding to accelerate product innovation, scale AI Agent adoption, enhance sales velocity, and deepen go‑to‑market execution across India, the Middle East, Latin America, and Africa. Gupshup says its solutions are driving higher conversions and revenue, lower costs, and improved customer satisfaction across marketing, sales, and support use cases. Gupshup provides a carrier-grade conversational messaging platform and a single messaging API for 30+ channels, enabling businesses to build conversational experiences across marketing, commerce, and support. The platform powers over 6 billion messages per month and serves thousands of large and small businesses across emerging markets and the United States. Customers can discover products, pay for them, track delivery, provide feedback and get support within messaging flows. Gupshup exited 2020 with an annual revenue run rate of approximately $150 million and has raised $340 million in 2021. The company plans to invest in product innovation for digital commerce enablement, expand go-to-market initiatives in mobile-first economies, and is exploring M&A opportunities. It has also expanded its executive team with hires across corporate development, international business development, sales, customer success, marketing, and IT, and will use proceeds in part for secondary share purchases. Gupshup provides a developer-centric conversational messaging platform and APIs that enable businesses to build messaging and conversational experiences across channels. Its technology powers over 6 billion messages per month across 30+ messaging channels and is used by over 100,000 developers and businesses. The company offers messaging APIs, a bot platform and builder tools, a scripting engine, omni-channel inbox, conversational AI, client-side software and other solutions for marketing, sales and support. Gupshup has reported years of profitable growth and exited 2020 with an annual revenue run rate of approximately $150 million. The company plans to use the new funding to rapidly scale product development and go-to-market initiatives worldwide and accelerate business-to-consumer conversational experiences. Gupshup has been a market leader in business messaging in India and is expanding globally, leveraging IP-based messaging channels that work consistently across countries. SMS GupShup operates a large social network and group-messaging service tailored to Indian consumers and has built a massive user base. The company focuses on group messaging and social networking products. It will use the new funding to drive product innovation, increase sales and marketing, and expand globally. Management and investors highlight an opportunity to expand beyond India into other high-growth emerging markets. The company has raised a total of $47 million to date following the latest round. Tenaya Capital and existing backers praise the team's execution and market position. Launched in April 2007, SMS GupShup operates a mobile social network that serves 26m users across over 2m SMS communities ranging from religious groups to sports teams and fan clubs. The company's core product is SMS-based community and messaging services, provided by parent Webaroo Technology India Pvt. Ltd. Management says user base and revenues have grown substantially over the last year, and the platform is seeing strong interest from carriers worldwide. The company plans to use the new capital to expand into new territories and roll out new features, including Mobile CRM solutions for small businesses and corporate brands. To date SMS GupShup has raised $37m in funding.

Participated · Series F · Sep 2021

Betterment is an independent digital investment advisor led by CEO Sarah Levy that offers investing and retirement solutions alongside everyday spending and saving services. The company uses technology to provide automated money management, expert advice, and tax-smart strategies. Betterment serves hundreds of thousands of customers and manages $32 billion in assets under management with nearly 700,000 clients. It provides core retail investment products and advisor solutions, including a 401(k) offering targeted at small and medium-sized businesses. The company plans to use the new capital to accelerate growth across those core retail products and its advisor solutions, with particular emphasis on its 401(k) SMB offering. Betterment is headquartered in New York City. Betterment is an independent robo-advisor led by founder and CEO Jon Stein that provides goal-based investing with globally diversified, index-tracking ETF portfolios. Customers can open and customize taxable accounts, traditional/SEP/Roth IRAs, trust accounts, and retirement income accounts. The company has expanded its platform to serve financial advisors and the 401(k) market. Betterment manages nearly $10 billion in assets for more than 270,000 customers. The firm said it will use new funding to continue growing its business and increase product development. Betterment is an automated investing robo-advisor that aims to become the central financial relationship for its clients. The company offers features such as a retirement guide, account aggregation, corporate retirement-plan services, and a white-label tool for financial advisors. It has focused on attracting millennial consumers as an entry point to broader financial services. Betterment launched in 2010 at TechCrunch Disrupt and is based in New York. The firm reports $3.9 billion in assets under management and 150,000 customers. Betterment recently raised new capital to build its war chest and invest in additional products and services, having raised roughly $200 million across five rounds to date and holding a $700 million valuation. Betterment provides an automated, technology-enabled investing platform that builds personalized, goal-based, globally diversified portfolios of ETFs. The service allows customers to manage, protect, and grow their wealth through a digital platform. Launched in 2010 and led by founder and CEO Jon Stein, the company is based in New York City. Betterment manages more than $1.4B of assets across tax-efficient, personalized portfolios. It serves more than 65,000 customers. The company intends to use new funding to develop new products. Betterment is an online financial services firm that uses technology to offer fully managed investment portfolios with lower fees. It manages portfolios primarily with exchange-traded funds and offers fractional share trading, accounting tools, and investment advice. The company charges roughly 0.34% in advisory fees and fund expenses and manages about $500 million in assets for approximately 30,000 customers. About 20% of Betterment’s customers are over 50, and the company recently launched a retiree product that connects with existing accounts to automate monthly withdrawals. Future plans include expanding products for retirement planning, estates and trusts and piloting white-label partnerships with investment advisors to offer its advisory technology. CEO Jon Stein has said the company will expand its suite of products as part of that roadmap.

Participated · Series B · Jul 2021

Silk is a Needham, MA–based cloud platform that delivers database performance and enables enterprises to migrate mission‑critical applications to the cloud. The platform sits between cloud infrastructure and customers' databases to optimize data without requiring changes to databases or applications, and it claims increased performance over on‑prem environments. Customers include eToro and Payoneer. Silk has partnered with major cloud vendors and is a Microsoft Azure IP co‑sell incentivized partner, an AWS ISV technology partner and a GCP partner. Led by CEO Dani Golan, the company raised $55M in a Series B and intends to use the funds to accelerate sales and marketing and expand engineering development. The raise supports Silk’s go‑to‑market and product development plans as it scales its cloud database performance offering.

Participated · Equity · Jun 2021

Credit Sesame is a San Francisco–based financial wellness platform that leverages technology, AI and analytics to help consumers achieve financial health and stability. Led by CEO Adrian Nazari, the company offers tools to monitor and improve credit profiles and personal finances. In summer 2021 the company acquired Zingo, a fintech software services startup, to integrate rent reporting into its offerings. Using Zingo’s intelligent data platform, Credit Sesame will collect, verify, and report rental payments to the credit bureaus to help consumers establish or improve credit based on consistent rental payments. Later in 2021 the company plans to launch a feature that allows consumers to use cash to build and enhance their credit profile with no credit check. Credit Sesame completed a $51M growth funding round to support these product expansions. Credit Sesame provides a Personal Credit Management (PCM) platform that surfaces actionable insights to help consumers improve credit scores and overall financial health. Its RoboCredit algorithm builds on a TransUnion score and additional factors to recommend debt-rebalancing and other actions. Initial score checks are free; the company earns fees when users take referred products (refinances, new credit, balance transfers) and from premium services such as advanced identity-theft protection. Credit Sesame says it is already profitable and has grown revenues roughly 90% each year for the last five years. The company plans to use new funding to further develop its AI algorithms and expand the business, delaying major M&A until after an expected IPO. CEO and founder Adrian Nazari positions the product as differentiated from competitors by focusing specifically on credit management rather than broader personal financial management. Credit Sesame provides a mobile and web robo-advisor platform that leverages consumer data, analytics and thousands of rules to simplify and automate management of consumer credit and loans. The product gives users free access to their credit profile, including credit score, credit report grades, credit monitoring, and interactive step-by-step tools with recommendations for better lending options. Launched in 2011 and led by founder and CEO Adrian Nazari, the company reports over 12 million members. The recent financing will be used to accelerate growth, drive member acquisition, hire over 100 new employees, and advance its analytics, robo-advisor and machine-learning technologies. Credit Sesame positions its core offering around financial wellness and automated credit-management insights. Credit Sesame provides online and mobile tools for consumers to monitor credit, protect against identity theft, and reduce debt through credit and loan management. It focuses on the liability side of personal finance—helping users consolidate or refinance debt and find lower-rate credit options—and competes with services like Credit Karma and ReadyForZero. The company reports $50 billion in active user loans under management (up from $20 billion in 2012) and over $2 billion in consumer loan originations by partner platforms. CEO Adrian Nazari says last year the company saw threefold revenue growth and sevenfold growth in its alternative lending vertical. Credit Sesame offers free products plus premium paid services, and plans to expand customer acquisition and its credit and loan management offerings. It is expanding its team (now over 50, expected to roughly double in 12 months) and its offices in San Francisco, and is preparing new products including an Apple Watch app, Siri integration, and a millennial-focused product. Credit Sesame provides a proprietary analytics engine that analyzes a consumer’s credit profile against thousands of available financial products to identify opportunities to save money and meet individual financial goals. The company offers a free service and a mobile app that centralizes credit and loan monitoring in one place. Its solutions were developed by Stanford University scientists and the analytics tools are patent-pending. Founded in 2010 by CEO Adrian Nazari, the company has been expanding product capabilities and reach. In November 2012 Credit Sesame raised $12M in new funding to support those efforts. The company intends to use the proceeds to expand the reach of its services, continue developing its analytics, and hire marketing and engineering staff.

Participated · Equity · Jan 2017

Turbonomic provides workload automation software that continuously assures workloads get the precise resources needed to ensure performance, lower cost, and maintain policy compliance in hybrid and multi-cloud environments. The company positions its platform as AI-powered and branded around SMART workloads that self-manage in real time. Turbonomic says its software is used by the majority of the world’s money center banks and by thousands of other customers globally. It is privately held and Boston-based and described in the article as one of the fastest-growing software companies. Turbonomic is backed by venture firms including Bain Capital Ventures, General Atlantic, Globespan Capital Partners, Highland Capital Partners and Iconiq Capital. As it scales globally, the company recently opened a Center of Cloud Excellence in Israel and a development center in Greece and is partnering with Trend Micro to accelerate Asia Pacific growth. Turbonomic provides an autonomic performance platform for the hybrid cloud that enables legacy and cloud-native application environments to self-manage to assure performance. Its patented autonomic decision engine dynamically matches application demand with infrastructure supply in real time. Launched in 2010 and led by Executive Chairman Bill Veghte, the company serves thousands of enterprises accelerating adoption of virtual, cloud, and container deployments for mission-critical applications. Turbonomic is based in Boston, MA. The company secured an additional $50M in financing and intends to use the funds to grow and scale operations.