Participated · Seed · Jun 2023

Founded in 2009 in Durango by Daudi Barnes, Agile Space Industries builds high-performance chemical propulsion systems, using metal additive manufacturing and extensive in-house test facilities. The company supports a broad spectrum of commercial, civil, and national security space missions with its rocket engines and related hardware. In 2023, Agile expanded its Durango-La Plata County Airport footprint to 40,000 square feet and plans further growth in Colorado and Oklahoma. Revenue has more than tripled in the past three years, rising from about $8 million in 2022 to $28 million projected for 2026, and the business has grown over 70% annually since 2020. With the new capital, management intends to scale from developing two to three engines per year to six or more and boost tank and engine delivery capacity nearly tenfold. The company positions itself as a critical domestic supplier at a time when U.S. demand for chemical propulsion is rising.

Led · Equity · May 2014

BodeTree offers an online tool that connects with day-to-day accounting software to create comprehensive snapshots of a small business’s financials, forecasts, and valuation. The platform helps owners set growth goals and strategy and includes a funding center portal that connects entrepreneurs to traditional and alternative lenders. BodeTree supports multiple accounting platforms, including QuickBooks Online and Xero, and was created by a team of former consultants, portfolio managers, and Fortune 500 executives. The company reports more than 50,000 small business users and expects that number to double in the coming months via partnerships with local small business associations in Arizona, Michigan, and Ohio. The new capital will be used to support continued platform improvements, grow revenue, and expand the user base toward a target of more than 200,000 small businesses. BodeTree was founded in 2011 and launched its software platform in 2012. BodeTree provides small business owners with a dashboard-like interface that uses colorful widgets, charts and a playful "BodeTree guy" mascot to indicate business health and simplify financial management. The product is integrated in Intuit's App Center (set to relaunch as Apps.com) and the company says it will deepen that partnership while moving to a platform-neutral approach so any accounting system can connect. This quarter BodeTree plans to release an all-new user interface designed to move the product from a reporting tool to a hands-on management tool for better decision-making. The startup also operates an online university offering week-long financial and business classes priced at $20–$50, adopting a SkillShare-style revenue split that pays 70–80% to teachers. BodeTree has more than 5,000 paying customers who pay $49.95 per month or $495 per year and runs a 15-person team. The recent seed financing is intended to support product development, expanded partnerships, the university offering, and additional hires in development, sales and marketing.

Led · Equity · Sep 2012

MyForce pairs a mobile application with a live, 24/7 emergency monitoring team accessible via iPhone, Android, or BlackBerry smartphones. The service is offered as a monthly or annual subscription and is available across all network carriers. MyForce has passed AT&T's Enterprise Software Certification Program, which confirmed the solution's performance, user interface, data integrity, application security, and data transmission. Company leadership says they refined the product over the last year and plan to expand the MyForce offering and distribution channels. To support growth, MyForce announced a $2 million financing from Greenline Ventures, LLC to fund a nationwide marketing campaign and scale the service. The company positions the product as providing personal protection and peace of mind for users and their families.