Participated · Equity · Sep 2023

Parade is a San Francisco-based software platform that provides truckload capacity management to freight brokers, driving carrier access and digital transformation. Led by CEO and Co-Founder Anthony Sutardja, the platform helps users manage relationships, increase truckload capacity, and re-utilize carriers to find the right truck at the best price at the right time. The company raised $17M in funding to support growth and product development. Parade intends to use the proceeds to develop and enhance products that accelerate brokers’ ability to transact freight at scale. Its roadmap includes using Generative AI to turn conversations into freight bookings and expanding integrations with transportation management systems, load boards, rating benchmarks, visibility platforms, and compliance solutions. Parade provides an AI-enabled Truckload Capacity Management Platform that layers on top of a freight broker’s existing systems, such as a Transportation Management System (TMS), to help brokers find availability, book trucks online, and digitally transact loads. Over the past year the company brought its core Capacity Management product to market for freight brokers. Parade’s platform is designed to charge a broker’s capabilities to find and transact truckload capacity and to strengthen connectivity with third-party partners. Customers include major brokerages such as Armstrong Transport Group, Schneider, and Worldwide Express. The company plans to use its recent funding to accelerate digital adoption, expand product capabilities, grow its team, and deepen connectivity across its partner ecosystem. Parade was founded in 2015 in San Francisco.

Participated · Series B · Dec 2021

AvantStay operates a technology-enabled short-term rental platform focused on group travel and premium, design-forward vacation homes. The company manages over 1,000 properties in 100 cities and reports more than $2 billion in assets under management. Its offering combines hospitality, design, and real-estate services to deliver turnkey stays while generating higher yields for property investors. AvantStay intends to use fresh capital to expand its portfolio and enter additional markets, further institutionalizing short-term rentals as an investable asset class. In December, the company announced a Series B round backed by Tarsadia Investments, 3L Capital, and Saluda Grade. The latest raise deepens AvantStay’s partnership with real-estate advisory firm Saluda Grade, positioning the startup to accelerate growth and broaden its footprint in the burgeoning STR sector.

Led · Seed · Aug 2019

Voyager Portal offers a low-code SaaS platform that enables companies to reduce cost, risk and complexity across the marine supply chain. Its low-code architecture lets customers configure the platform to match their business processes and collaborate in real time over a single shipment. Working in a unified system allows all parties to manage, track and analyze the lifecycle of a shipment with context and insight. Customers include manufacturers, traders and shippers in renewable energy, commodity trading, mining and petrochemicals. The company raised $8.4M in a Series A and plans to use the funds to expedite its product roadmap and expand engineering, development, marketing and sales teams to support an international client base. Voyager provides a multi-party SaaS platform that centralizes and digitizes coordination, communications, and document workflows for bulk commodity maritime shipments. The product lets brokers, terminals, shipowners, producers and other counterparties collaborate in a shared environment to manage a voyage lifecycle without email, improving visibility and reducing manual work. Customers and partners include Equinor and a mix of brokers, terminals, agencies and ship-owning firms. Voyager cites client outcomes such as over $4 million and $1.5 million in annual bottom-line savings for individual customers and a 30% OpEx improvement for a large oil and gas client. The company plans to expand its network offerings, integrations, analytics and machine-learning capabilities and to improve product accessibility across the shipping value chain. Voyager is headquartered in Houston, Texas and was founded by Matthew Costello and Bret Smart in 2018.