Participated · Series A · Nov 2023

Fillogic operates a technology-driven, channel-free logistics platform that converts under-utilized space in retail centers, such as shopping malls, into middle-mile logistics centers. The company offers local market logistics services and partners with enterprises, digital brands, and platform partners to expand its network. Founded in 2018 by CEO Bill Thayer, Fillogic is focused on building a logistics technology ecosystem across markets. The company reported 300% growth so far in 2023, adding new customers and partners. Fillogic intends to use its recent funding to accelerate product development and support nationwide expansion of its logistics network. Fillogic is a NYC-based Logistics-as-a-Service platform that operates mall-based micro distribution hubs to maximize efficiencies for retailers and freight delivery networks. Founded in 2018 by Bill Thayer and Rob Caucci, the company operates micro distribution hubs across the Northeast, including Connecticut, New York, New Jersey and Pennsylvania. Its platform includes a Delivery Partner Network and proprietary routing technology to support last-mile and micro-distribution operations. The company raised a $2.5m seed round, bringing total funds raised to $3.5m to date. Proceeds will be used to expand the Fillogic Hub Network nationwide into key markets including the Mid-Atlantic, Atlanta, Los Angeles, Miami, Dallas, Phoenix and San Francisco, and to support team growth. Fillogic plans further platform development to enhance its delivery partner capabilities and routing systems.

Participated · Seed · Apr 2023

Agnostiq is a Toronto-based distributed computing startup that develops software tools to make quantum and high-performance computing (HPC) resources accessible to enterprises and developers. Led by CEO Oktay Goktas, the company conducts algorithmic research and is developing Covalent, an open-source workflow orchestration platform to help users manage and execute tasks on heterogeneous compute resources. Agnostiq is building an enterprise-grade quantum and HPC platform and is pursuing commercialization of its software offerings. The company raised a $6.1M seed extension to accelerate further development and commercialization of its platform. The round is intended to fund product development and go-to-market activities. Agnostiq offers a quantum computing SaaS platform that combines quantum applications, privacy tools, and support for multiple quantum hardware backends to help organizations solve mission‑critical tasks. The platform includes workflow management tools for non‑experts to access, submit and scale jobs on hybrid quantum computers, privacy and quantum obfuscation tools for secure cloud workloads, and pre‑built applications such as Portfolio Optimization and Options Pricing. The team is an interdisciplinary mix of physicists, computer scientists and mathematicians. Co‑founded by CEO Oktay Goktas and COO Elliot MacGowan in 2018, the company targets enterprise adoption of quantum solutions. Agnostiq raised funding to continue development of its software platform and pre‑built application set.

Participated · Series A · Dec 2022

Shabodi is a Toronto-based platform that enables enterprises, system integrators, and telcos to build next-generation, network-aware applications in multi-vendor 5G and LTE environments. Founded in 2020 by Vikram Chopra and former Cisco and Juniper Networks CTO Harpreet Geekee, the company focuses on helping customers tap into 5G, Advanced LTE, WiFi 6 and 6G capabilities. Its product targets enterprises and service providers looking to accelerate development and deployment of network-aware applications. Shabodi recently raised $10.3M in a Series A to expand its business reach and support global expansion. Ramesh Kaza joined earlier this year as President & Chief Commercial Officer to support the company’s global expansion. The company has also added veteran telecom entrepreneur Joe Beatty to its board alongside investors Bruce Taragin and Vishal Makhijani. Shabodi builds an application enablement platform that abstracts 5G network complexity and exposes simple APIs so developers can create Industry 4.0 and enterprise applications. The company targets enterprises, system integrators and telecommunications firms aiming to monetize 5G deployments and accelerate return on investment. Founded in 2020 by telecom veterans Vikram Chopra and Harpreet Geekee, Shabodi positions itself as a bridge between 5G infrastructure and application developers. It is already working with customers and is in talks with about a dozen enterprises. The startup has 15 employees and holds two patents, with a third patent expected next year. Shabodi plans to use new funding to build out product and sales teams and to ready its first product for public consumption by the end of this year.

Participated · Seed · Nov 2022

iink offers a digital, automated workflow that integrates with mortgage servicing banks and insurance carriers to expedite payments and reduce administrative burden in property insurance claims. Its three core products are a cash-flow lending component that can fund contractors in as little as two business days, remote deposit capture and multiparty check processing, and the ability to work with mortgage companies on contractors’ behalf. Pricing includes a free-tier remote check solution with a one-time $299 setup fee, other components priced up to 1.95% of the claim check per month plus additional fees, and a subscription option for unlimited use. Over the past 12 months iink has doubled its customer count and is averaging about $72 million in insurance claim dollar volume processed; the company says revenue has tripled in that period. The company was founded in 2017 and is based in Tampa. It plans to deploy new capital into scalability and automation, expanding its customer base and integrations, channel partnerships, and hiring in engineering and business functions. iink Payments is a Tampa, FL-based provider of a digital payments network that connects and facilitates the flow of money and information between all stakeholders involved in the payments lifecycle. Led by CEO Tom McGrath, the company focuses on restoring insured properties back to pre-loss condition by streamlining payments and approvals among insurers, mortgage servicers, and lienholders. In February 2022 the company raised $3.0M in a Seed II funding round to support growth. The round was led by Grand Ventures, with participation from Springtime Ventures, Simplex Ventures, Motivate Venture Capital, and Green Egg Ventures. The company intends to use the funds to invest in strategic integrations with mortgage servicing banks and insurance carriers to digitize lienholder approvals. No operating metrics or additional financial details were disclosed in the article. iink Payments operates a digital payments network that expedites disbursement of funds associated with multi-party property insurance claims. It runs an Advanced Funding program that provides short-term advances to restoration contractors facing insurance-related cash-flow constraints. The company says it helps restore insured properties up to 60 times faster by connecting and facilitating the flow of money and information between stakeholders. The recently closed $6 million debt facility, with an accordion up to $100 million, will be used to fund the rapidly expanding Advanced Funding program. With storm season approaching, iink plans to deploy the capital to assist thousands of property owners and ensure contractors are paid on time and with ease, according to CEO and co-founder Tom McGrath. iink Payments operates a digital payments network focused on expediting disbursement of funds associated with multi-party property insurance claims. The company integrates with carriers and banking partners to enable faster communication and settlement across complex claim flows. It plans to use recent funding to grow its existing network and to double down on integrations with core systems of its carrier and banking partners. Leadership is led by CEO and co-founder Tom McGrath and the company is based in Tampa, FL. The company raised $2.8M in Seed funding to support these growth and integration efforts. Tony Ford, former CTO of Marqeta, will be joining iink’s board.

Participated · Seed · Aug 2022

Rubik provides a data-driven, fully digitized acquisition platform that identifies and aggregates off-market single-family homes tailored to institutional buyers’ criteria. The company harvests and analyzes data across entire markets to surface proprietary inventory and brings those homes onto a marketplace without taking ownership. Since launching the marketplace in 2021, Rubik has transacted more than $12M of single-family homes and counts 20 of the largest SFR buyers as customers. Rubik’s platform is designed to reduce transaction friction, increase transparency, and streamline acquisitions for REITs, hedge funds, and family offices. The startup plans to use new capital to grow transactional volume across current markets and further build out its core data and analytics platform. It will also expand engineering, sales, and marketing teams to support that growth.