Participated · Equity · Apr 2022

Vivian Health operates a candidate‑centric jobs marketplace for healthcare professionals, offering permanent roles, per‑diem shifts, local contracts, and travel positions with features like Universal Profile, pay/benefit transparency, employer reviews, and one‑click apply. The platform uses intelligent matching and claims faster fills and lower costs for employers, reporting partners fill roles up to 50% faster and reduce costs by as much as 80%. Vivian has more than 700,000 registered clinicians and has facilitated over 3 million job applications to date; it accounts for roughly 15% of U.S. travel nursing placements, representing $1.5B in annualized labor spend. Since being acquired by IAC in 2019, the company says it has grown revenue more than 45x. The business plans to use new capital to accelerate growth, scale among clinicians and employers, expand its product, and pursue M&A initiatives. Vivian is headquartered in San Francisco with offices in Denver.

Participated · Series B · Jul 2021

Rodo operates an ecommerce platform that lets consumers lease or buy cars entirely online using its proprietary “Instant Quote” technology. The company leverages thousands of dealer partners nationwide and lists tens of thousands of vehicles with transparent, best-in-market pricing and personalized concierge services including free delivery and pick-up. Rodo’s platform is designed to provide a fully online retail automotive transaction and a digital extension for dealership partners. The company was founded in New York in 2016 as Honcker and has been backed by investors including IAC/InterActiveCorp and Evolution VC Partners. Rodo has raised $45 million in funding to date and recently closed an oversubscribed Series B that added $18 million. The new capital is intended to help scale the network nationwide and fund marketing and customer acquisition. Honcker operates a platform and mobile app that aggregates leasing options and lets consumers search, compare and consolidate their lease applications in one place. The company focuses on new-car leases and partners with existing dealerships rather than holding inventory itself. A new app release adds more search parameters, options to break or extend leases, and the ability to add co-signers. Honcker is live with over 250 dealerships across eight states, including Arizona, California, Florida, Nevada and New York. The business has been growing transaction volume roughly 25% month-over-month and has expanded largely through word-of-mouth with almost no marketing spend. The company emphasizes a lean approach to growth and avoiding heavy inventory or over-leveraging. Honcker operates an online car-leasing marketplace and mobile app that enables consumers to obtain an actual lease price and complete a lease transaction from start to finish. The service offers next-day delivery in the New York Tri-State Area, Los Angeles, Arizona, Nevada, Pennsylvania and Florida. The app lists more than 30,000 vehicles from 20 manufacturers available for immediate lease, sourced from over 200 dealers. Led by founder and CEO Nathan Hecht, Honcker plans to use the new funding to expand its dealership network and geographic presence, grow its customer base, and develop additional features to streamline the car-leasing experience. The company raised $3.6M in funding to support these plans.

Led · Series A · Oct 2019

Thimble (formerly Verifly) provides flexible, short-term liability insurance that can be purchased by the hour, day, week, month or year. The product targets a broad set of independent workers and small businesses, offering coverage for more than 100 professions including handymen, landscapers, DJs, musicians, beauticians and dog walkers. The company says 75% of its customers were previously uninsured and that 50% buy policies covering a single day or less; it is on track to sell 100,000 policies by the end of the year. Thimble’s policies are underwritten by Markel, while Thimble retains ownership of the product and works with carrier partners to bring offerings to market. The business rebranded from Verifly after expanding beyond its original focus on drone pilots; founder and CEO Jay Bregman previously founded ridesharing company Hailo. Thimble has regulatory approval to sell insurance in 48 states and positions itself to serve workers doing flexible, transactional work even though only 4% of its customers identify as gig economy workers.

Led · Series E · Jul 2019

Turo operates a peer-to-peer car rental marketplace that lets private car owners list and rent their vehicles via its website and mobile app. The service is available in over 5,500 cities across the United States, Canada, the United Kingdom, and Germany. Launched in 2010, the platform has grown to more than 14 million members and over 450,000 listed vehicles. The company reports revenue growing over 60% year-over-year. Turo has raised institutional capital, including a multi-stage Series E, bringing its total funding to date to $500 million. Turo operates a peer-to-peer car-sharing marketplace that connects people who own cars with those who want to rent them. The company says it will use the new investment to fuel growth, further refine the customer experience, and support its mission of increasing utilization rates for the world’s cars. Turo reports almost 400,000 vehicles available on the platform and over 10 million users across both listers and renters. Management says overall growth has been roughly 2x over the past two years and about 8x in international markets, including the U.K. and Germany. In Germany it took over Daimler’s car-sharing business alongside a strategic investment deal and officially launched there last year. Since founding as Relay Rides in 2009, Turo has raised nearly $450M across multiple rounds. Turo operates a peer-to-peer car-sharing marketplace connecting car owners and renters. The company reports six million people on its platform sharing more than 230,000 cars worldwide. Turo recently closed a $104 million Series D, which comprises a $92 million raise earlier this year plus an additional $12 million investment from Sumitomo Corporation and American Express Ventures. It unveiled Commercial Host, a program to enable independent car rental businesses that can offer commercial rental insurance to list their vehicles on Turo. Turo said American Express’ strategic investment positions it within the travel ecosystem, while Sumitomo Corporation will provide guidance as it looks to expand into Asia, particularly Japan. The company is focused on expanding its impact in the automotive and travel industries. Turo operates a peer-to-peer car-sharing platform that enables individual vehicle owners and small rental fleet operators to offer cars for short-term rentals. The company builds strategic partnerships with insurers and automakers to support platform operations and growth. Recent moves include deeper ties with Liberty Mutual around insurance and a partnership with SK Holdings aimed at supporting international and Asia expansion. Turo also executed an acquisition of Croove, Daimler’s Germany-launched peer-to-peer car-sharing business, and plans to transition Croove users to the Turo brand. Financially, Turo closed a $92M Series D that underpins these strategic initiatives and partnerships. The funding and acquisition are being positioned to accelerate international rollout and OEM collaboration while maintaining an open marketplace model. Turo (formerly RelayRides) operates a peer-to-peer marketplace connecting car owners with renters, typically requiring a one-day minimum and with an average rental length of 5.5 days. The platform emphasizes owner–renter meetups for inspection and trust, while also testing valet services at SFO and LAX as a complementary option. About 60% of its revenue comes from out-of-town travelers renting cars from owners who are themselves traveling. The company generates revenue from three streams: a 25% cut from owners, a 10% fee from renters, and optional insurance add-ons (about 60% of renters opt in). Turo says its user base grew 3.5x year-over-year, operates with roughly 110 employees, and remains unprofitable. The company plans international expansion next year and intends to use capital to increase marketing and hiring as it pursues a larger share of the global car rental market.

Participated · Series B · Sep 2018

LiveSafe, led by CEO Carolyn Parent and based in New York City, offers a people-sourced safety and security intelligence platform for enterprises. The platform is used to surface actionable insights to mitigate risks such as workplace violence, insider threats, workplace injuries, malfeasance, sexual harassment, and cyber threats. Its customer base spans retailers, utilities, healthcare, transportation and logistics, colleges and universities, sports teams and arenas, events, corporations and federal agencies. LiveSafe is used by more than 300 enterprises, universities and organizations, including Hearst, IAC, Cox Communications, Brookfield Properties, the Consumer Technology Association and the San Francisco 49ers. The company plans to use new funding to accelerate strategic partnerships, expand sales and marketing, and further build out its product offerings. The description and metrics reflect information disclosed in the article. LiveSafe is an Arlington, VA-based mobile safety communications platform led by CEO Carolyn Parent. It provides an actionable, crowd-sourced intelligence gathering platform for security officials at major corporations and educational institutions. The software enables real-time, two-way communication between individuals and security and facilities teams. Users can report incidents or suspicious activity through text, videos and pictures, giving security teams rich, real-time situational awareness. The company plans to use financing proceeds to support sales-related initiatives and expansion. LiveSafe provides a mobile platform that enables two-way, real-time interaction between individuals and security and facilities teams. Users can send text, photos and videos along with precise location information to report incidents ranging from routine maintenance needs to suspicious activity and safety threats. The solution is deployed across businesses, hospitals, malls, college campuses and large sports and entertainment arenas. Customers named in the article include Hearst, Cox Communications and the San Francisco 49ers. Led by CEO Carolyn Parent, the company recently received outside venture funding and added a FedEx-affiliated investor to its board. LiveSafe provides an enterprise-grade mobile safety communications platform and customizable smartphone apps that let users send location-tagged text, photos, video and requests for help to security and facilities teams. Its cloud-based Command Dashboard supports scalable mass notification, peer-to-peer safety tools like SafeWalk™, and other safety resources. The platform is used by universities, large sports and entertainment arenas, and businesses, with clients including Cox Enterprises, Hearst, Children’s Medical Center of Dallas, Levi’s® Stadium, USC, Arizona State, Yale and Virginia Tech. Since its founding the platform has expanded to serve nearly a million people across campuses, arenas and workplaces. LiveSafe announced a $4 million Series A investment from Hearst Ventures and IAC, which the company says will support more rapid expansion in its core enterprise and education markets. The company also named Carolyn Parent as CEO and president as part of the funding announcement. LiveSafe provides a two-way, crowdsourced personal-safety smartphone app connected to a cloud-based command center. The platform leverages the proliferation of smartphones to help prevent and respond to dangerous threats to individuals and the general public. It creates a new two-way channel of communication between communities and safety officials in settings such as schools, malls, sporting events, public transportation, and local communities. LiveSafe also offers a suite of emergency services, including real-time location tracking for users in distress. The company says its tools enable safety officials to better identify and assess threats, prevent crimes, and save lives. LiveSafe announced a $6.5M Series A led by IAC to help scale the impact of its mobile safety application.