Participated · Equity · Jun 2023

Driver Technologies is a New York-based AI mobility tech company led by CEO Rashid Galadanci that offers the Driver mobile app to turn a user’s phone into a dash cam. The app records trips, provides safety alerts (forward collision, drowsiness and distraction), offers cloud-based video storage, coaching, scoring and roadside assistance while giving users control over what data they share. Over the last six months the company launched two subscription plans—Driver Professional for enterprise fleets and Driver Family for households—and introduced Driver Cooler, a cooling dash-cam phone mount to encourage hands-free use. Driver has formed integrations and partnerships including being the only software-first solution on the Geotab Fleet Management Platform, entering the OEM market with TomTom, and protecting the car rental/sharing economy with Getaround. The company raised $6M in its latest funding round, bringing total capital raised to $16M. It plans to use the funds to expand adoption of its AI-powered dash cam and safety alert app into insurance-backed programs for commercial and personal drivers and to pursue direct integrations with insurance, automotive and municipal partners to enhance road safety.

Participated · Series C · Dec 2022

Synchron is a New York City–based neurotechnology company building the Stentrode platform, an endovascular brain-computer interface (BCI) that is delivered via catheter rather than open-brain surgery. Once implanted, the device interfaces with the motor cortex through the blood vessels and wirelessly transmits neural signals that can be translated into hands-free digital commands. Ten patients with paralysis have received the Stentrode across U.S. and Australian clinical trials, demonstrating early clinical adoption. Led by founder and CEO Tom Oxley, the company plans to use newly raised capital to scale operations and advance product development. Synchron’s ultimate goal is to commercialize a clinically viable, minimally invasive BCI for widespread medical use. Including the latest round, the company has secured $345 million in total funding to date, underlining strong investor confidence in its technology and market potential.

Participated · Series F · Sep 2021

Betterment is an independent digital investment advisor led by CEO Sarah Levy that offers investing and retirement solutions alongside everyday spending and saving services. The company uses technology to provide automated money management, expert advice, and tax-smart strategies. Betterment serves hundreds of thousands of customers and manages $32 billion in assets under management with nearly 700,000 clients. It provides core retail investment products and advisor solutions, including a 401(k) offering targeted at small and medium-sized businesses. The company plans to use the new capital to accelerate growth across those core retail products and its advisor solutions, with particular emphasis on its 401(k) SMB offering. Betterment is headquartered in New York City. Betterment is an independent robo-advisor led by founder and CEO Jon Stein that provides goal-based investing with globally diversified, index-tracking ETF portfolios. Customers can open and customize taxable accounts, traditional/SEP/Roth IRAs, trust accounts, and retirement income accounts. The company has expanded its platform to serve financial advisors and the 401(k) market. Betterment manages nearly $10 billion in assets for more than 270,000 customers. The firm said it will use new funding to continue growing its business and increase product development. Betterment is an automated investing robo-advisor that aims to become the central financial relationship for its clients. The company offers features such as a retirement guide, account aggregation, corporate retirement-plan services, and a white-label tool for financial advisors. It has focused on attracting millennial consumers as an entry point to broader financial services. Betterment launched in 2010 at TechCrunch Disrupt and is based in New York. The firm reports $3.9 billion in assets under management and 150,000 customers. Betterment recently raised new capital to build its war chest and invest in additional products and services, having raised roughly $200 million across five rounds to date and holding a $700 million valuation. Betterment provides an automated, technology-enabled investing platform that builds personalized, goal-based, globally diversified portfolios of ETFs. The service allows customers to manage, protect, and grow their wealth through a digital platform. Launched in 2010 and led by founder and CEO Jon Stein, the company is based in New York City. Betterment manages more than $1.4B of assets across tax-efficient, personalized portfolios. It serves more than 65,000 customers. The company intends to use new funding to develop new products. Betterment is an online financial services firm that uses technology to offer fully managed investment portfolios with lower fees. It manages portfolios primarily with exchange-traded funds and offers fractional share trading, accounting tools, and investment advice. The company charges roughly 0.34% in advisory fees and fund expenses and manages about $500 million in assets for approximately 30,000 customers. About 20% of Betterment’s customers are over 50, and the company recently launched a retiree product that connects with existing accounts to automate monthly withdrawals. Future plans include expanding products for retirement planning, estates and trusts and piloting white-label partnerships with investment advisors to offer its advisory technology. CEO Jon Stein has said the company will expand its suite of products as part of that roadmap.

Participated · Series A · Aug 2021

D1 Brands buys, builds and grows Amazon FBA brands by acquiring existing sellers and scaling their operations. The company leverages a team of over 85 experienced Amazon-native third-party sellers and M&A experts to run and expand acquired brands. It is led by Yaz Malas and Mohammad Usman. D1 Brands secured $123M in Series A financing to accelerate its growth. The company plans to deploy the funds toward new brand acquisitions, product development, technology, and talent. As part of this growth phase the company hired CJ Bilangino as chief financial officer.

Participated · Seed · Aug 2021

Snipfeed is a link-in-bio monetization platform that lets creators sell tipping, on-demand videos, e-books, livestream access, one-on-one consultations and personalized Cameo-like videos. The company takes a 15% commission on creator sales (inclusive of transaction fees) and runs a referral program that pays creators 5% of sales from users they onboard. Some creators reportedly make more than $20,000 per month on the platform. Snipfeed pivoted in February 2020 from a content-discovery product after the monetization tool became its most popular feature. The platform has about 50,000 registered users and says its user base grew 500% in the prior six months; it previously had 44,000 weekly active users in its earlier iteration. Snipfeed is based in Paris and Los Angeles with a 15-person team and plans to build e-commerce tools for physical products and produce educational content to help creators monetize.