Participated · Equity · Feb 2023

BetterNight is a San Diego-based provider of sleep care delivered through a virtual care platform. It offers a full continuum of care for patients with sleep disorders, from consultation and diagnosis to treatment and long-term coaching, all provided digitally in the patient’s home. The company focuses on addressing obstructive sleep apnea (OSA) and insomnia to boost clinical outcomes, lower healthcare costs, and improve patient lives. BetterNight partners with physicians, health systems, clinics, and health plans across the United States and plans to continue nationwide expansion through additional partnerships. It intends to accelerate adoption of its value-based sleep solution to employers and health plans and to invest in technology to support patient engagement and remote patient monitoring.

Led · Series A · Mar 2022

Saphyre builds a proprietary, memory-driven AI platform that digitizes and structures pre-trade data and automates account and fund onboarding across multiple counterparties. Its technology preserves context across fund lifecycles, enabling ready-to-trade status in as little as 24 hours and eliminating up to 75% of redundant post-trade activities. The platform integrates with leading industry systems and serves over 75 of the world's largest financial institutions, representing thousands of accounts and more than $3 trillion in assets under management. Founded in 2017 and based in Hoboken, N.J., Saphyre leverages patented AI to improve operational control, risk oversight and enable near-real-time settlement readiness. The company plans to use new capital to accelerate go-to-market efforts in pre- and post-trade, continue product innovation, expand internationally and deepen integrations across the financial services ecosystem. Saphyre emphasizes network effects from seamless data sharing between investment managers, asset owners and the sell-side. Saphyre leverages patented AI technology to digitize and structure pre-trade data and activities across multiple counterparties, maintaining a memory of data and documents. Its platform expedites workflows so information can be consumed by any permissioned counterparty in the finance industry. Clients can assess risk faster, speed onboarding, and obtain real-time ready-to-trade statuses per account. Saphyre says its system can eliminate 70%–75% of redundant or inefficient post-trade activities. The company is based in New York and Paris. In March 2022 Saphyre completed an $18.7M Series A financing to support its growth.

Led · Equity · Jul 2021

5th Kind develops a secure, web-based digital asset management and workflow application that offers asset storage, review, approvals, distribution, and live meetings in one space. Their software is used to track film productions remotely and has been deployed on more than 100 movie productions across Hollywood's major studios and gaming companies. Clients include Marvel Entertainment, Universal Pictures, Warner Bros., and commercial partners such as Toyota Motor Sales USA and Nissan North America. Earlier this year the company announced technology partnerships with Box and Amazon Web Services. 5th Kind received a $5 million private equity investment from HCAP Partners to accelerate business growth and product enhancements. The company plans to adapt its workflow backbone to industries beyond Hollywood, including health care, manufacturing, and software.

Participated · Equity · May 2020

Headquartered in Park City, Utah, eLearning Brothers provides integrated learning and development products and services including custom learning design, learning management/experience platforms, rapid authoring (Lectora), VR course creation (CenarioVR), and game-based solutions. The company has been expanding through acquisitions and recently added Rehearsal and Origin Learning to its portfolio. Its offerings already include The Game Agency, Lectora, CenarioVR, and the Rockstar Learning Platform, creating a broad one-stop platform for corporate learning. The company used new investment proceeds to fund acquisitions and to restructure its balance sheet. Prudential’s PGIM Private Capital replaced prior debt providers and is now the sole debtholder, enabling a recapitalization of debt. Management and investors state the moves better position eLearning Brothers for further acquisitions and continued integration of its expanding product suite. eLearning Brothers offers a complete suite of integrated training development and delivery tools for corporate learning, pairing professionally designed courses and templates with authoring and delivery technology. The company’s product set includes the Lectora rapid authoring tool, the CenarioVR virtual reality course builder, and the KnowledgeLink learning management system. The announced financing is being used to enable simultaneous acquisitions of Trivantis and Edulence, expanding its technology and content footprint. Management and investors say the combined platform is intended to serve growing global demand for customized, fully integrated online professional development—demand that has accelerated during COVID-19. eLearning Brothers also creates custom learning solutions and supports learning developers with game modules and templates. Investors plan to continue adding acquisitions to the platform.

Led · Equity · Oct 2019

Sleep Data operates the BetterNight virtual care platform, offering telehealth and remote patient monitoring for sleep apnea and a digital therapeutic cognitive behavioral therapy solution for insomnia. BetterNight was launched in 2018 and combines clinical expertise and operational quality to support partners including providers, accountable care organizations, clinics, employers, health plans and consumer aggregators. The company serves more than 22,000 patients annually and is focused on nationwide expansion. Sleep Data will use the new funding to accelerate the rollout and growth of the BetterNight platform. Leadership includes CEO Dave French and Chief Medical Officer Dominic Munafo. The business is based in San Diego, CA.