Participated · Series A · Aug 2022

Nanopath develops a proprietary point-of-care molecular diagnostic testing platform focused initially on women’s health. The company has advanced prototypes of a disposable test cartridge and a benchtop readout instrument. It is actively developing a pipeline of test offerings through clinical collaborations with preeminent hospitals in New England. Led by CEO Amogha Tadimety and President and CTO Alison Burklund, Ph.D., co-founder, the company emphasizes improving health equity worldwide. Recent federal grants will fund continued platform and test development. Total funding for the company now exceeds $15M. Nanopath was founded by Amogha Tadimety and Alison Burklund to create women-focused molecular diagnostics informed by their own experiences. The company says its core technology can identify DNA and RNA without nucleic acid amplification technology (NAAT), delivering results within about 15 minutes versus up to two hours for a generic PCR test. Today the technology is able to identify genetic make-ups for human papillomavirus (HPV) and urinary tract infections. The founders aim to deploy the tests across medical offices so clinicians can diagnose and treat patients within a typical 13–16 minute appointment. Nanopath has raised a $10 million Series A to build technical teams and advance pilots, with plans to pursue FDA approval before moving the product mainstream. The company acknowledges it will compete with established national testing providers and sees potential future reimbursement models to support point-of-care use.

Participated · Equity · Feb 2022

Hola Cash offers the first checkout solution in Latin America that unifies all payment methods, prevents fraud, and powers one-click checkout with a single integration. The platform claims an approval rate that exceeds 90% and creates shopper accounts to reduce the region's high checkout abandonment. Hola Cash says it has achieved the lowest fraud rate in the market for online transactions. The company has received $7.9 million in venture capital backing and is a spinout of Pioneer Square Labs. CEO and co‑founder Leonardo Estrada frames the mission as moving money efficiently, quickly, and safely across LatAm. By the end of 2022, Hola Cash plans to add more than 1,000 companies using its technology and ensure at least one in four online shoppers in Mexico has tried the product.

Participated · Series C · Sep 2021

Propel develops Product 360, a unified solution that combines quality management (QMS), product lifecycle management (PLM) and commercialization on the Salesforce platform. Product 360 connects product, quality, customer and supplier information in a single platform to help manufacturers launch products faster, simplify quality and compliance, and improve employee user experience. The product also supports businesses launching recurring‑revenue models that require long‑term customer engagement and enterprise‑wide collaboration with real‑time data. Propel targets industries requiring fast, high‑quality product delivery, including high tech, health and life sciences, consumer, and automotive suppliers. Customers and users cited in the company materials include Cisco, Guardant, Henry Schein, HP, Teladoc, Traeger, Desktop Metal, Imperative Care, Inari Medical, Simplisafe, Vizio, Shell and Zoetis. The company is headquartered in Santa Clara, Calif., and has raised $48 million in total funding to date. Propel offers a cloud-native platform for managing the full product lifecycle from concept and design through manufacturing, sales and service. The company sells three core products: product lifecycle management (PLM) for engineering and manufacturing, product information management for sales and marketing, and quality management for service teams. Propel is built on the Salesforce platform to give sales, marketing, engineering and service personnel shared access to product data. The startup positions its cloud-first approach as faster to deploy and more flexible than legacy on-premise PLM systems from vendors like SAP and Oracle. Propel was founded in 2015 and is headquartered in Santa Clara. It currently has 35 employees and plans to expand headcount to about 50 with the new funding. Financially, the company has raised more than $28 million to date, including an $18 million Series B announced in this round. Propel offers a customer-centric cloud PLM platform built on Salesforce that enables engineers, software developers, sales channels and partners to coordinate the product, customer and service information needed to launch and support products. The platform lets manufacturers capture customer requests, collaborate on the content that defines modern products, and ensure customers embrace products after purchase. Propel serves manufacturers of all sizes with a cloud PLM solution. The company is led by CEO Ray Hein, CTO Ron Hess and CPO Brian Sohmers. Propel intends to use new funding to increase sales and marketing and accelerate development of its cloud PLM solution for manufacturers.

Participated · Series A · Sep 2021

Strike Graph provides a TrustOps platform to help companies design, operate and measure security certifications and compliance programs. The platform offers auditing capabilities for frameworks including SOC 2, ISO 27001, ISO 27701, HIPAA, NIST, FedRAMP, PCI DSS, CCPA/CPRA, TISAX and GDPR. The company says many customers achieve compliance 80% faster from start to certification. Customers include Bluefletch, Thankful and Valid8. Strike Graph plans to use new capital to expand market presence, further develop its AI technology, and add product capabilities to support larger customers and CISOs. The company was founded in 2020 by Justin Beals and is based in Seattle, WA. Strike Graph is a compliance SaaS platform that helps companies pass cybersecurity audits by automating compliance scoping, evidence collection and security questionnaires. Launched in 2020 and based in Seattle, the product supports frameworks including SOC 2, ISO 2700x, CCPA, HIPAA and GDPR. The company says 100% of its customers have received a clean audit report and reports 4x growth in customer adoption since its seed round. Strike Graph was the first company to build an AI offering that automates security questionnaires and has been recognized as a High Performer on G2. With new capital it plans to expand framework support to FEDRAMP and NIST, broaden its international presence including Canada, and hire across engineering, product, marketing, customer support and security/compliance roles. The platform is positioned to help customers achieve certifications (SOC 2 Type I/II, HIPAA, ISO 27001) and to monetize security practices to unlock revenue faster. Strike Graph provides compliance automation that prepares companies for security audits and helps them improve security posture through risk assessments and recommended controls. The company does not perform audits itself; customers still hire auditing firms, while Strike Graph focuses on the pre-audit preparation and ongoing maintenance. Co-founders Justin Beals (CEO) and Brian Bero incubated the company at Madrona Venture Labs; Beals previously served as CTO at Koru and was an Entrepreneur in Residence at Madrona. Strike Graph targets mid-size businesses and plans to build integrations that will automate the collection of evidence (for example, encryption settings) required for ongoing certifications. Automated evidence collection is slated to launch in early 2021 once initial integrations are built out. The company announced a $3.9 million seed round to fund product development and go-to-market efforts.

Participated · Series A · Sep 2021

Juno develops mass-timber, all-electric multifamily buildings using a productization approach that treats housing development like product development and assembles an OEM ecosystem for ground-up construction. The company emphasizes sustainability—lower waste, low-carbon timber construction, exposed wood, gasless buildings—and says its design process is 60% faster than traditional development. Juno has broken ground on its first project in East Austin (slated to open in 2022) and has more than 400 units in development, with additional sites planned for Seattle and Denver. It is partnering with Swinerton and Ennead Architects to implement its model and aims to create repeatable components, supply chains and learning systems to scale building production. The startup plans to use new capital to continue building its product, break ground on its first cohort of projects and engage with more developers.