Participated · Debt Financing · Jul 2026

Nexamp develops and operates community solar and battery storage projects, owning a portfolio of 20 operating community solar sites across New York, Illinois, Maine, and Massachusetts. The company has been financing growth through structured debt facilities, most recently a $106 million five‑year financing and a $200 million credit facility in April 2026, and previously a $330 million round involving MUFG and Siemens Financial Services. Nexamp uses cash flows from operating assets to recycle capital into new project development and to expand its customer base. Its stated plan after the latest financing is to reinvest freed‑up capital into additional community solar projects. The company emphasizes providing cost savings to households, small businesses, and municipalities as it scales its community solar footprint.

Participated · Series F · Dec 2025

Founded in 2014, Octane offers an end-to-end digital buying experience for powersports, RVs, boats, personal watercraft, and outdoor power equipment. Its platform pre-qualifies consumers online, routes them to dealerships for quick closings, and services the loans it originates. The company’s financing portal and underwriting engine have helped it originate more than $7 billion in loans, issue over $4.7 billion in asset-backed securities, and sell or commit to sell $3.3 billion of secured consumer loans since December 2023. Octane grew originations by more than 30 percent from Q3 2024 to Q3 2025 and operates on a GAAP-net-income-profitable basis. It works with 60 OEM partner brands and over 4,000 dealer partners, addressing markets worth a combined $150 billion. Recent product launches have further sped up customer acquisition for merchants and improved flexibility for borrowers. The company employs about 600 people across remote and hybrid roles.

Participated · Series A · Aug 2025

Casca is an AI-native loan origination platform that accelerates the loan application and origination process using responsible AI. Its platform automates commercial loans and claims to fund loans up to 10× faster than other fintechs and 30× faster than industry averages. Flagship customers include Live Oak Bank, Huntington National Bank, and Bankwell Bank, and several of those customers invested in the round. Casca will use the funding to scale operations, expand its team, and accelerate go-to-market to make the platform accessible to additional financial institutions. The company was founded in 2023 by banking IT experts and Stanford AI researchers and is based in San Francisco. To date Casca has raised $33 million. Cascading AI is a fintech software company that builds AI-native solutions to help banks automate manual processes in legacy systems. Its flagship product, Casca, is described as the first AI-native Loan Origination System and streamlines tasks like document collection, account setup, and compliance for commercial loan origination. The company uses artificial intelligence to reduce manual effort for banks, credit unions, and non-bank lenders. Founded in 2023 and based in San Francisco, Cascading AI plans to expand its team of AI and machine learning engineers. The startup will use funding to accelerate Casca's development, enhance AI capabilities and compliance features, and onboard a select group of new banks to scale operations. Cascading AI raised $3.9M in a February 2024 pre-seed round to support these initiatives.

Participated · Series A · Jan 2024

ModernFi provides deposit-management infrastructure that integrates into financial institutions’ core and digital experiences to help banks and credit unions source deposits, manage balance-sheet size, and protect large deposits. Its platform offers self-service, transparent, and automated tools that replace outdated workflows and reduce operational burden. ModernFi powers two institution-owned deposit networks: the National Bank InterDeposit Company (NBID), launched in 2025, which includes banks representing more than 40% of the reciprocal deposit market, and ModernFi CUSO, launched in 2024, serving more than 75 leading credit unions. The company has raised over $60 million to date, reflecting growing institutional recognition of its role in deposit stability and liquidity management. With the latest funding, ModernFi plans to accelerate adoption, expand its team, deepen integrations with digital banking and core providers, and scale institution success teams to support new partners. ModernFi provides end-to-end deposit management built on a modern tech stack and a foundation of compliance, enabling banks and credit unions to source deposits, sweep funds, and grow and retain deposit bases. The company is launching ModernFi CUSO, a credit union service organization partially owned by credit unions, to scale the first deposit network for the credit union industry. Through the network, credit unions can offer extended NCUA insurance via participating credit unions and attract large-value member relationships including businesses, nonprofits, public funds, municipalities, and higher-net-worth individuals. The platform also enables credit unions to manage their balance sheets by sourcing funding on demand and sweeping excess liquidity. The CUSO formation and funding were led by Curql Collective and Members Development Company (MDC) with participation from ModernFi’s existing investors Canapi and Andreessen Horowitz. ModernFi says the CUSO will focus on supporting credit union partners, expanding member audiences, and helping credit unions compete more effectively against larger financial institutions. ModernFi offers community and regional banks an end-to-end deposit management platform, including a deposit network that lets banks source deposits, sweep funds, and provide additional depositor security. The company was founded in 2022 by Paolo Bertolotti and Adam DeVita. ModernFi generates revenue from basis points on deposits in its network; the CEO said 2023 was "a very good year" but declined to provide specific financials. Between its seed and Series A rounds the startup doubled its headcount, and the number of institutions it supports has grown meaningfully. The company plans to invest its new capital in growth across engineering, product development, compliance and regulatory work, and business development. Product work will include more integrations and APIs, a fuller analytics suite, asset-liability management and account-level deposit analytics to support bank CFO workflows. ModernFi provides a transparent, tech-enabled marketplace that connects banks to buy and sell deposits on demand, aiming to replace an opaque, relationship-driven wholesale funding market. The company was founded in 2022 by Paolo Bertolotti and Adam DeVita and targets U.S. banks with assets between $500 million and $100 billion. ModernFi does not charge transaction, account, or setup fees; it takes a portion of the yield banks pay on deposits. Management says the company has some revenue but declined to disclose specifics. The startup plans to use new capital to hire across engineering, bank partnerships and compliance, build partner integrations, and expand the types of funding available on its marketplace, including term deposits. Roadmap items include analytics and balance-sheet management tools to help banks eliminate counterparty risk and increase FDIC insurance coverage for depositors.