Participated · Equity · Sep 2025

WorkFusion provides pre-built AI Agents that handle labor-intensive, document-heavy processes across anti-money laundering, sanctions screening, Know Your Customer, transaction monitoring and related financial crime compliance workflows. After a 2022 restructuring to focus exclusively on agentic AI, the company leverages more than a decade of work in automation and intelligent document processing. Its technology is currently deployed by 10 of the world’s top 20 banks, where it automates over one million alert hits and eliminates the need for roughly 5,000 full-time-equivalent hours each day. Management reports that customers collectively save about 40,000 hours of manual work daily, scaling compliance team capacity by three- to five-fold. WorkFusion positions its offering as faster, cheaper and more consistent than hiring or outsourcing, mitigating the mounting backlog and cost pressures faced by compliance teams. The company is targeting the $155 billion financial crime compliance operations market and expects accelerating adoption as 85% of financial institutions plan to deploy AI agents in 2025, according to an April 2025 Georgian/NewtonX survey. The recent financing provides capital to expand product capabilities and support global growth.

Participated · Equity · Sep 2021

SkyKick provides no-code and low-code cloud automation and data protection software for Information Technology Service Providers (ITSPs), with core products that include Cloud Manager. Demand for Cloud Manager surged over 1,000% in the past year, underpinning rapid growth across SkyKick’s migration, protection and management offerings used by more than 30,000 IT partners, including CDW, GoDaddy, Vodafone, Deutsche Telekom, Dustin and SHI. The company cites a market for Cloud Managed Services projected to reach $116 billion by 2025 at a 13.3% annual growth rate and estimates ITSPs will spend 500 million labor hours annually on cloud administration. SkyKick is headquartered in Seattle, has a European headquarters in Amsterdam, and offices in Sydney and Tokyo, serving customers in more than 125 countries. Financially, SkyKick closed a $130 million financing that brings its total capital raised to over $200 million. The company plans to use the funding to fuel product innovation across its platform and accelerate investments in sales, operations and customer success to support a growing global ITSP customer base. SkyKick offers a suite of SaaS cloud management products that help IT solution providers, managed service providers, system integrators, resellers and distributors automate Microsoft Office 365 migrations, data backups and service management. The company is co-founded and led by Co-CEOs Todd Schwartz and Evan Richman. It serves partners in more than 125 countries and operates with about 150 employees across offices in Seattle, Europe and Asia Pacific. SkyKick will use the new funding to continue expanding its product portfolio of cloud automation and management products and to increase investment in people and resources. In the coming months the company plans to add software engineers, sales, business development and marketing professionals around the world. The business has raised over $65M to date. SkyKick is a Seattle-based provider of cloud management products for IT solution providers, led by co-founder and co-CEO Todd Schwartz. Its platform enables IT partners to migrate, backup and centrally manage cloud data and services for products such as Microsoft Office 365 and Dropbox. The company offers Migration Suites plus a new line of products including Cloud Backup, Cloud Manager and Cloud Migration. SkyKick's products are used by over 5,000 partners worldwide. The company intends to use new funds to accelerate product development and expand sales and marketing efforts. To date SkyKick has raised a total of $17.2M. SkyKick is a Seattle-based cloud software company offering products that enable IT solution providers to automate moving customers to Office 365, including sales, planning, migration and management. The company is led by Co-CEOs Evan Richman and Todd Schwartz and CTO Brad Younge. SkyKick serves IT solution providers and distributors such as Ingram Micro and SYNNEX Corporation. The company has raised $7.2m to date and recently secured an additional $3m in capital. SkyKick intends to use the funds to grow operations, doubling headcount from 40 to 80 over the next year and to expand internationally. SkyKick provides a cloud-based application suite that helps IT consultants, system integrators, managed service providers, value-added resellers and other IT partners manage the sales, planning, migration and on-site phases for small and medium-sized businesses moving to Office 365. Its migration application is targeted at moving SMBs to Microsoft’s Office 365 suite, which includes Word Online, Excel Online, Exchange Online, SharePoint Online and Lync Online. The company is based in Seattle, Washington and was founded in 2011 by co-CEOs Evan Richman and Todd Schwartz and CTO Brad Younge. According to a FinSMEs report, SkyKick raised more than $3.7M in funding. The report does not disclose the investors or the instrument types; backers are unknown. The article does not provide revenue, user metrics, or stated future plans.

Participated · Series C · Aug 2020

Coda provides a single interface where documents can include text, spreadsheet tables, to-do lists, timelines and automation buttons, aiming to replace separate document and spreadsheet tools. The platform supports integrations called Packs (examples include Shopify and GitHub) to embed external data and extend functionality. Coda also offers web-publishing features that let users turn documents into web pages. Customers mentioned in the article include The New York Times, Uber Technologies Inc. and DoorDash Inc. The company plans to use new funding to expand its customer base, double its headcount, build more Packs and broaden its automation features. The product competes with suites such as Google Workplace and Microsoft 365. Coda builds a unified document platform that brings together documents, spreadsheets, and apps using “building blocks,” templates, and customizable views. The product connects to other apps such as Jira and Slack and is used by customers including Spotify, Uber, Intercom, and Square. Coda was co-founded by Shishir Mehrotra (a former director at Microsoft and Google) and Alex DeNeui and was founded in 2014. The company is positioning documents as interactive, low-code/no-code tools that let teams automate manual processes and create app-like docs. Coda has about 70 employees and plans to double headcount while growing its engineering team in the Seattle region. Forbes values the company at $636 million, and the startup says demand has risen amid increased use of workplace collaboration software during the pandemic. Coda has built a new kind of online document that combines the flexibility of documents, the power of spreadsheets, and the utility of applications in one canvas. The product surface starts with a familiar document-like frame and exposes reimagined primitives and UI elements that can organize data, tasks, and workflows. The team says it developed a new kind of programming language as a refinement of tools found in Google Sheets and Office 365 to enable those capabilities. Coda aims to stitch together use cases that today live across multiple apps and to surface new use cases that require greater flexibility. The company is positioning the product to work alongside existing spreadsheets and documents while hoping teams eventually adopt it more broadly. Coda recently raised funding that the team will use to continue product development and grow the company.

Participated · Equity · Mar 2019

Opendoor operates a platform that buys homes, uses data modeling to price and resell them, and offers a home-buying marketplace to consumers. The company focuses on improving pricing accuracy and shortening the time homes are held on its books. It reported that average time a home is held fell to 90 days from 140 in 2015, and more than 800,000 people toured Opendoor homes in 2018. Product plans include further refining pricing algorithms, faster conversion of sellers and buyers, and integrating mortgage tools, title and escrow, and contractor/service-provider estimates. Opendoor says it will concentrate on the private home-buying experience rather than expanding into other asset classes. The company will use new capital for product development and continued expansion into more North American markets. Opendoor operates an online marketplace that gives sellers an online offer within 24 hours and enables buyers to visit, shop, and purchase homes seven days a week via mobile. The company also offers a trade-in product that combines selling and buying into one seamless transaction. Since its founding in 2014 it has expanded to 19 cities, served more than 20,000 customers, and grown to over 900 employees while targeting 50 markets by 2020. Opendoor reports an annualized acquisition run rate of $3.8B, has reduced average seller fees to 6.5%, and says one in two true sellers who receive an offer choose to sell to Opendoor. Planned product work includes building a one-click platform that integrates title and mortgage, expanding market-level pricing models across 50+ cities, and developing applications to support local vendor ecosystems. The company will use new capital to accelerate technology initiatives, product launches, and market expansion. Opendoor operates an online marketplace that enables homeowners to receive instant offers and buyers to shop and purchase homes on-demand. The company purchases more than $2.5B in homes on an annual run rate and has seen adoption grow over 225% year‑on‑year, with more than one in two sellers who receive an offer choosing Opendoor. Opendoor has been used by nearly 20,000 customers and currently operates in ten cities with 650 employees. Founded in 2014 and headquartered in San Francisco, the company is expanding its services to include mortgage and title to create a single end-to-end experience. Opendoor plans to grow from 10 markets to 50 markets by the end of 2020 as part of its next phase of expansion. Opendoor operates a technology platform that enables homeowners to sell a home online in minutes and aims to streamline what is traditionally a months-long closing process. Led by CEO Eric Wu, the company focuses on reducing friction in residential real estate transactions through digital tools and services. Opendoor plans to use the new proceeds to continue expanding its operations and distribution. The company is partnering with homebuilder Lennar to tackle inefficiencies in buying and selling homes and to integrate digital distribution for mortgages, title and home insurance. Through Lennar’s Trade-Up Program, Opendoor expects a new channel to access customers, broadening its scope and scale. The company completed a $135M financing composed of equity and debt as part of its Series D. OpenDoor operates a marketplace in which it purchases homes directly from sellers, holds inventory, and then resells those properties. The company uses predictive analytics to project resale values and offers sellers an instant valuation; once accepted, OpenDoor pays for the home and attempts to flip it for a profit. Buyers get self-guided property tours enabled by smart locks and security cameras, a 180-point inspection, a warranty and a 30-day money-back guarantee. With the new capital the startup plans to expand its marketplace usage to 10 cities. OpenDoor currently employs about 200 people servicing the Dallas–Fort Worth and Phoenix markets, which together account for roughly $60 million in transaction volume per month. Norwest disclosed that OpenDoor carries “hundreds of millions” of dollars of debt that it uses to purchase properties, a financing approach the article highlights as potentially risky in an economic downturn.