Participated · Seed · Sep 2022

Any Distance is a gamified activity-tracking platform that lets users share active life moments while tracking physical activity with a privacy-first experience and earning collectibles. The app syncs activities, visualizes routes in 3D and AR, and offers photo and video templates to motivate and celebrate movement. Launched in 2022 and based in Atlanta, GA, the company has seen hundreds of thousands of activities synced, tens of thousands of achievements earned, and a global community of users. Any Distance plans to use the funds to accelerate growth and expand operations. The product emphasizes privacy, design, and fun as core differentiators. The company is led by CEO Luke Beard and Dan Kuntz.

Participated · Seed · Aug 2021

HAAS Alert's core product, Safety Cloud, is a digital alerting and connected-vehicle platform that creates a shared network for communicating critical road-safety information from emergency vehicles, tow trucks, snowplows, school buses, and infrastructure. The platform delivers in-vehicle and in-app alerts to drivers up to 30 seconds before active road hazards, and HAAS Alert says these alerts can reduce the likelihood of collisions by up to 90%. Safety Cloud also enables fleets to track assets and share information with nearby responding agencies for coordinated response. The company reports thousands of public safety and transportation agencies and more than 3,200 agencies, and its alerts reach millions of drivers, including more than 2 million Stellantis vehicles (2018 and newer). HAAS Alert plans to expand Safety Cloud's presence in consumer automotive vehicles, broaden platform integrations and partnerships, and develop new digital alerting and connected safety solutions. The company was founded in 2015. HAAS Alert operates Safety Cloud, a cellular-based vehicle-to-everything (V2X) alerting platform that delivers real-time safety notifications from emergency responders and roadway fleets to nearby drivers, vehicles, and infrastructure. The service uses cellular sensors and predictive technology to push digital alerts via vehicle systems and works on any vehicle or infrastructure that alerts drivers, including fire trucks, ambulances, police vehicles, tow trucks, workzone equipment, waste trucks, and school buses. Safety Cloud is already standard on leading emergency and roadway fleet vehicle manufacturers and is active in thousands of vehicles; more than 750 public agencies and private organizations have sent over 1 billion driver alerts through the platform. Its minimal hardware requirements make the solution practical for agencies of all sizes, from rural volunteer departments and family-owned towing businesses to municipal, state DOT, and federal fleets. The platform is also used for smart-city applications that require predictive modeling, interagency coordination, and traffic preemption and management. The company closed new funding to expand Safety Cloud nationwide and target growth in network scale and alert volume.

Participated · Equity · Apr 2021

Till Financial is a collaborative family financial tool focused on helping kids and teens become smarter spenders by offering bank accounts, digital and physical debit cards, and goal-based savings. The platform emphasizes learning by doing and encourages open, transparent discussions between parents and children, letting family members contribute to goals and set recurring payments for subscriptions. The product is free to families and aims to teach spending with intention and purpose alongside savings and investing. Till plans to generate revenue from interchange fees, merchant partnerships that offer rewards, and referral fees for introducing users to other financial institutions as they age. The company was founded by Taylor Burton and Tom Pincince and is based in New York. Till recently raised $5 million to advance its product and mission, and previously attracted pre-seed investment from Peggy Mangot and other angels.

Participated · Series C · Sep 2020

Petal issues Visa credit cards (issued by WebBank) that let consumers who are new-to-credit qualify using their banking history rather than established credit scores. The company enables individuals to build credit histories and targets millions of U.S. consumers with limited or no traditional credit data. Petal has approved nearly 400,000 consumers for its credit cards to date, including more than 100,000 new cards approved in 2022. Led by CEO and co-founder Jason Rosen, the company plans to expand the Petal credit card program using the new capital. With the announced transactions Petal has raised more than $300M in equity capital and more than $680M in debt financing to date. The firm is based in New York, NY and Richmond, VA. Petal issues three Visa credit card products and a companion mobile app that use cash-flow underwriting (and traditional credit scores when available) to help underserved consumers build credit. Its cards are issued by WebBank while Petal manages servicing and monetizes via interchange, interest and card fees (including a $59 Rise membership). Demand has grown rapidly: Petal added 100,000 cardholders last year and reported 300,000 cardholders at its January 2022 Series D. At that time it said it was doing $20–30 million in annualized revenue, which rose to $80 million by year-end; management projects profitability sometime in 2024. The company says delinquency and default rates have not risen and have been improving this year. Petal conducted a restructuring in Q3 that reduced headcount by about 10% and currently has roughly 140 employees. Petal is spinning out its Prism Data unit (established in 2021, ~10 employees) to commercialize its cash-flow underwriting technology to other lenders and fintechs. Founded in 2016 and based in New York, Petal offers two Visa credit card products and a mobile app designed to help consumers build credit responsibly by underwriting on cash flow rather than traditional credit scores. Its proprietary underwriting, branded CashScoring, analyzes banking history—income, spending and savings—and was productized into Prism Data, a B2B platform launched in 2021 to provide transactional scoring and insights to other fintechs and financial institutions. Over the past year Petal tripled its user base and more than quadrupled revenue, growing from $11 million to nearly $50 million; it now reports nearly 300,000 cardholders and adds 10,000–20,000 new members per month. The company says members who joined with no prior credit history have reached an average credit score of 676. Petal has more than 160 employees (doubling over the last year) and plans to hire 100+ roles in 2022 while adding new card features and scaling to hundreds of thousands more cardmembers. Prism Data is described as a sister company and a strategic growth channel alongside Petal’s consumer card business. Petal is a New York, NY and Richmond, VA-based credit-card company that issues two Visa cards, Petal 1 and Petal 2. Petal 1 targets consumers with existing credit history; Petal 2 helps people build credit with a no-fee card, cash back and higher limits for those new to credit. The company uses a Cash Score—an alternative measure based on income, savings, and spending history—to evaluate creditworthiness and encourage responsible spending. Petal credit cards are issued by WebBank, Member FDIC. To date more than 100,000 people have been approved for the two cards. The company intends to use new financing to expand and support the Petal credit card program. Petal issues consumer credit cards and distinguishes itself by underwriting applicants based on prospective cash flow rather than traditional credit scores, enabling access for underbanked users. The company has grown by “tens of thousands” of customers since early 2019 and now employs about 100 people while operating remotely. Petal opened a second office in Richmond, Virginia and recently hired Kaustav Das as chief risk officer, bringing experience from Kabbage. Financially, Petal has raised equity rounds totaling roughly $100 million and in September secured a $300 million debt facility from Jeffries to finance its card product. In April the company closed a $55 million Series C to support expansion. Management’s near-term goal is to onboard hundreds of thousands of new customers over the next two years.

Participated · Seed · Oct 2019

GameClub curates a subscription library of premium App Store games, offering access to over 100 titles (around half available at launch) for $4.99 per month with a 30-day free trial. The service focuses on high-quality, previously released games that run without ads or in-app purchases and often includes titles that made Apple’s editorial lists. GameClub works with indie developers to relaunch older games—updating them to 64-bit, Retina assets and modern screen sizes—while using original code and design. At launch the library spans genres including Action, Puzzle, Adventure, RPG, Strategy and more, and the combined catalog has over 100 million collective downloads; additional titles will roll out weekly. Users download a central GameClub app that serves as the hub for browsing titles and editorial content; the company is not a cloud-gaming platform. Founded in 2018, the team includes industry veterans and the company says it plans to expand to Google Play, then PC and console, and to produce original content longer term; it is currently backed by $4.6M in funding. GameClub develops premium mobile game experiences, updating classic and indie titles for modern smartphones and tablets. The company offers a growing collection of high-quality games free of intrusive ads and microtransactions. Titles are designed for download to mobile devices and can be played anywhere with or without an internet connection. GameClub is currently live in soft launch on iOS smartphones and tablets in select test markets. Led by CEO and co-founder Dan Sherman, the company intends to use new funding to continue developing its games with a target to launch them in 2019. Its catalog includes Super Crate Box, Hook Champ, Hackycat, Gasketball, Legendary Wars, Incoboto, Sword of Fargoal, Space Miner, and Chopper 2.