Led · Series C · Jan 2024

Plex began as a home media organization startup and has evolved into a one-stop streaming media platform offering free ad-supported shows and movies, music, live TV channels, personal media streaming, and discovery tools. The company has been adding social features and plans to expand community capabilities and public pages for content owners. Plex announced a forthcoming TVOD marketplace to let users rent shows and movies from top studios. Management says ad-supported streaming now accounts for much of its revenue growth and the business is seeing rising engagement and usage. Plex reported ad revenue grew nearly 45% in 2023 and the overall business grew by about 30%; the company is on track for profitability by the end of 2024 or shortly after. Leadership also plans to pursue privacy-friendly data monetization initiatives that it expects could become a much larger opportunity over the next two to three years. Plex is a streaming media platform that provides free on-demand movies and TV, live TV channels, over-the-air broadcast access, personal media libraries, DVR and program guide features, music tracks, and podcasts. The platform offers over 20,000 free on-demand movies and TV shows, more than 150 free-to-stream live TV channels, over 60 million music tracks, and thousands of podcasts. Since launching ad-supported video on demand in 2019 and free live TV in 2020, Plex has secured more than 240 entertainment content deals with studios and networks including Lionsgate, Warner Bros. Domestic Television Distribution, MGM, Sony Pictures Television, Sinclair, AMC, A+E, Crackle, and the BBC. The company has over 25 million registered users in 193 countries. Founded in 2009 and led by CEO Keith Valory, Plex intends to use the new funds to further expand its business reach. Inclusive of this financing, Plex has raised over $60 million to date from investors including Intercap and Kleiner Perkins.

Participated · Series B · Jan 2022

Remilk is a Tel Aviv–based food startup that produces dairy-identical milk proteins through a fermentation process. The company has developed a patented approach to scalable manufacturing that it says increases production efficiency and removes the need for dairy cows at industrial scale without compromising taste, functionality, or nutritional values. Remilk intends to scale production for commercial use by manufacturers of traditionally dairy-based products, including cheeses, yogurt, and ice cream. The company is positioned as a global leader in the development of animal-free dairy. Remilk was co-founded by Aviv Wolff, an entrepreneur with experience at several startups, and Ori Cohavi, PhD in biochemistry, who has worked in R&D at various biotech firms. The article reports a significant Series B financing that will support the company’s production scale-up plans. Remilk develops animal-free dairy by producing identical dairy proteins via a proprietary, patented microbial fermentation process. Its lab-made dairy proteins are designed to be functionally and sensorially identical to natural dairy and are used as starting materials by commercial manufacturers for cheese, yogurt and cream production. The company says its products are cholesterol-free and contain no lactose, antibiotics or growth hormones. Remilk highlights sustainability advantages, claiming its process requires 1% of the land, 4% of the feedstock and 10% of the water compared with traditional dairy. With new production and distribution partnerships, Remilk plans rapid expansion to meet global demand and to enable industrial-scale, cow-free dairy protein production.

Led · Series A · Aug 2021

Faraday provides the Faraday Prediction Cloud, which lets growth teams and their partners make and deploy consumer behavior predictions throughout their tech stacks. The platform emphasizes responsible data practices and ethical AI to improve targeting, personalization, and customer engagement at scale. The company plans to expand its data science, engineering, and revenue teams to strengthen its market position. Faraday completed a $4.1M Series A in July 2021. The round was led by Intercap with participation from FreshTracks Capital and Launch Capital. Faraday is based in Burlington, Vermont. Faraday provides a turnkey AI platform for business-to-consumer companies, bundling consumer data, integrations, algorithms, visualizations, and reporting to deploy predictive modeling in weeks without an in-house data science team. The platform applies advanced machine-learning to optimize every stage of the revenue journey—from acquisition to lead conversion and retention—and is positioned as cost-effective and easily implemented. Faraday reports holding over 73 billion U.S. individual data points and identified and reached more than 90 million high-potential, high-value individuals for client campaigns in 2017. Its B2C clients include direct-to-consumer brands such as Burrow, which says Faraday’s AI coordinates one in three of its sales. The company has expanded its team with hires including Rob Trail (SVP of Sales and Customer Success) and data scientist Dr. Sean Kelly. Faraday has secured more than $2 million in new funding to support growth and product development. Faraday provides a software-as-a-service application designed to improve customer acquisition by revealing the best strategies for winning new business. The platform generates targeting hypotheses, facilitates multi-channel outreach through a network of vendors, and tracks results to highlight best-performing approaches. It includes a predictive analytics engine that identifies customers most likely to convert. Led by CEO Andy Rossmeissl and based in Middlebury, Vermont, the company plans to use new funding to build out its team and launch a new release of its platform. In 2013 Faraday worked with seven clients in the residential solar and energy-efficiency industries across five states and analyzed over 800,000 households. The company reported closing an $880K Series A to support its growth and product rollout.

Participated · Equity · Jun 2021

Carbyne builds a cloud-native APEX platform that embeds AI into 911 call handling, dispatch, resource coordination, and emergency decision-making. Its AI Suite is integrated across the platform rather than as bolt-on tools, trained on proprietary datasets generated from millions of emergency interactions. Over the past year the company reported triple-digit growth, including +477% year‑over‑year growth in APEX ARR and a +105% increase in APEX platform customers. Carbyne is deployed at nearly 300 sites worldwide across 23 U.S. states and six countries, with more than 7,000 calltakers using its platform. The company processes over 250 million data points annually and reports 99.999% call handling uptime. Carbyne plans to use new capital to expand R&D and engineering, deepen AI capabilities, scale operations globally, and pursue strategic partnerships and integrations. Carbyne provides cloud-native solutions for emergency response centers, enabling emergency contact centers and select enterprises to connect with callers and connected devices via secure channels without requiring a consumer app. Its unified platform delivers live, actionable data—including video, photos, geolocation—and AI-based features to streamline operations and improve transparency. The company offers Carbyne APEX, an i3-compliant unified emergency call management solution that consolidates AI and rich media data for call takers, and Carbyne Universe, an OTT solution that delivers AI-based and rich media functionality without disrupting existing contracts or infrastructure. Carbyne intends to use the new investment to expand operations and development efforts. Led by CEO Amir Elichai and based in New York City, the company is positioning its offerings for resale through AT&T. Carbyne provides cloud-based systems used by emergency services to handle medical, public-safety, transportation and other urgent calls, including its APEX platform used by customers such as the city of New Orleans. Its technology is installed in emergency response services that cover about 400 million people and handles roughly 150 million 911 calls annually, and the company says it is on track to cover 1 billion people by 2024. Carbyne aims to make contact-center workers more effective and less stressed by investing in tools like sentiment analysis and trauma detection and by capturing richer data from callers. The company plans to expand in the U.S., establish a partner program to pursue global opportunities (it does not sell directly), and increase R&D investment. Financially, Carbyne grew revenues 400% in the last year and has raised $56 million in a Series C that values the company around $400 million. The startup was founded in Israel (R&D remains there) and is now headquartered in New York; it is primarily active in the U.S. Carbyne provides a unified, cloud-native platform that enables emergency communication centers, first responders, citizens and governments to share live actionable data to improve operational efficiency and save lives. The company is expanding its cloud-native platform into the emergency health services market and introducing an instantly deployable platform for unified flow between callers, health-related call centers, first responders, nurses and hospitals. Carbyne plans to work with Global Medical Response to develop interactive communication solutions for health and medical sectors and to build new dedicated domestic resources. To scale operations in North America, Carbyne will relocate CTO and co-founder Alex Dizengoff from Tel Aviv to the United States to grow a North American R&D center. Global Medical Response’s COO Edward Van Horne will join Carbyne’s board of directors as part of the collaboration. Financially, the company has raised a total of $73 million since its launch in 2015. Carbyne offers a cloud-based platform for emergency services that surfaces richer caller data (location, video) and enables remote telemedicine to accelerate 911 and EMS responses. Its technology no longer requires users to install an app, having integrated third-party location services to connect callers directly. The company partners with public-health providers and firms such as CentralSquare and Global Medical Response and says it is on target to cover about 90% of the U.S. market. Usage and adoption grew strongly during the pandemic: Carbyne served 250 million people before COVID and now covers roughly 400 million people, launching a new implementation every 10 days since March. In the last nine months it provided about 155 million location points and 1.3 million minutes of video; revenues doubled starting in Q2 and then grew 160% in Q3 and Q4. Carbyne aims to serve some 1.5 billion people by 2023 as it expands its technology and market footprint.

Participated · Debt Financing · Jun 2018

FundThrough is a fintech invoice factoring platform that provides invoice financing and related capital solutions to small and medium-sized businesses. It focuses on SMBs that sell to larger companies and need cash flow while awaiting invoice payments, serving sectors including retail, manufacturing, oil and gas, technology, professional services, and food supply and agriculture. FundThrough reports that 85 percent of its funding helps American clients. The acquisition of Ampla expands FundThrough’s digital-first ecosystem by adding working capital, business banking, corporate cards, and analytics capabilities. Ampla has surpassed over $2 billion in loan originations and handled over $5 trillion in transaction volume through its platform. FundThrough plans to use the new capital to pursue further acquisitions, invest in technology and AI, enhance UX, and accelerate product innovation. FundThrough is a Toronto-based fintech focused on small-business working capital. Its platform enables invoicing so small- and medium-sized businesses can get paid instantly and eliminate the wait associated with customer payment terms. Led by Co‑Founder and CEO Steven Uster, the company operates in the invoice-financing / working-capital space. In October 2020 FundThrough received a $50m (C$66m) investment from Northleaf Capital Partners. The firm intends to use the funds to expand its business reach. Stephens Inc. served as exclusive financial advisor on the transaction. FundThrough operates an online invoice-financing platform that lets small businesses convert outstanding invoices into working capital, allowing invoices to be paid within 24 hours. The service is marketed to firms facing large cash-flow gaps as customers delay payments. The company said it has funded $50 million worth of invoices (reported in 2016). FundThrough will use the new financing to develop its technology, increase the volume of businesses it finances, build integrations with platform partners, and accelerate expansion into U.S. markets. The firm launched in 2014 and is headquartered in Toronto. Its mission, per the CEO, is to help business owners control cash flow through modernized factoring. FundThrough operates a technology platform that enables small and growing businesses to eliminate the wait associated with invoice payment terms by funding outstanding invoices almost instantly. The platform connects to business owners' accounting software and bank information to automatically assign a funding limit within a few hours. Once connected, funds arrive in the business owner's bank account within 24 hours. Led by co-founder and CEO Steven Uster, the company focuses on streamlining cash flow for its customers through automated invoice financing. It intends to use proceeds from its recent financing to support expansion plans. Financially, the company secured a $24.3m second round comprising $4.3m of equity and access to $20m in loan capital. FundThrough is a Toronto, Canada–based, technology-driven online lending marketplace that provides lines of credit to growing businesses. The platform matches businesses with financing through a marketplace model. The company launched with $2.2M in funding to build and scale its offering. The seed funding will be used to expand the platform and service more businesses across Canada. FundThrough is led by Co-Founder and CEO Steven Uster, who founded the company with Graham McBride and Deepak Ramachandran.