Participated · Equity · May 2022

Flowcarbon builds an open protocol to tokenize live, certified carbon credits and create an on-chain marketplace where project developers can access buyers directly. Its first carbon-backed token, the Goddess Nature Token (GNT), is backed by a bundle of certified nature-based credits issued over the last five years and can be retired, sold, used for borrowing and lending, or redeemed for an underlying real-world credit. The company engaged voluntary carbon market stakeholders to design its tokenization protocol for environmental, financial, and structural integrity. Flowcarbon has announced partnerships with the Centrifuge protocol to unlock debt markets for carbon project developers and with the Layer 1 blockchain Celo; Celo will receive $10 million of GNT to offset its emissions and GNT will launch on Celo. The company says its mission is to drive billions of dollars directly to projects that reduce or remove carbon from the atmosphere by making carbon markets more accessible and transparent. Flowcarbon is led by CEO Dana Gibber, has 35 employees, and maintains offices in New York, Montana, and Berlin. The company announced a $70M financing tied to venture capital and the sale of its carbon-backed token.

Participated · Series A · Apr 2022

Copper operates a consumer platform that lets users earn through mobile games, cash back on everyday shopping, and other digital activities — including in-store purchases. The company reports more than 4 million members and says it is building a proprietary dataset of consumer purchase behavior and engagement patterns across online and offline activity. Copper has raised $42 million from leading, tier-one investors and was ranked the #2 fastest-growing company in the Pacific Northwest on the Deloitte Technology Fast 500 based on three-year revenue growth. The company positions itself at the intersection of entertainment, commerce, and financial utility and aims to be a central platform for product discovery and earnings. The announcement notes a new investment from Diplo but does not disclose the amount or specific use of proceeds.

Participated · Series B · Aug 2021

Aumni provides an investment analytics platform that combines A.I. and human expertise to extract and analyze deal data from dense legal agreements, delivering insights on each investment’s financial and legal position. The company launched its flagship product in 2018 and has analyzed more than 100,000 investment transactions. Founded by former BigLaw corporate attorneys Tony Lewis and Kelsey Chase, Aumni is headquartered in Salt Lake City, UT. The platform serves venture funds, family offices, university endowments and corporate venture firms. Aumni intends to use the new funding to deepen its presence with investors in the private capital markets and to expand its offering to limited partners, law firms and company founders. The business recently completed a $50M Series B financing. Aumni offers a SaaS platform that extracts, audits, and tracks thousands of investment data points directly from definitive investment agreements. The product targets private capital investors, including traditional venture funds, corporate venture arms, and family offices. The company was founded by Anthony Lewis and Kelsey Chase and is based in Salt Lake City, UT. Aumni raised $10M in a Series A round and plans to use the funds to expand adoption of its core product, which the company says is poised for scale and expansion in 2020. Earlier backers participated in a prior $3.7M Series Seed round. The platform emphasizes automation and data analytics to improve diligence and portfolio tracking workflows.

Participated · Series D · Aug 2011

Centrify provides an Identity & Access Management platform that verifies every user, validates their devices, and limits access and privilege. It uses machine learning to discover risky user behavior and apply conditional access without impacting user experience. The company serves over 5,000 organizations worldwide across public and private sectors, including Global 2000 customers in industries such as defense, banking, energy, retail, manufacturing and health care. Founded in 2004 and led by CEO Tom Kemp, Centrify is based in Santa Clara, CA. Centrify recently received a majority investment from Thoma Bravo; the amount was not disclosed. The investment is intended to grow the company organically and inorganically. Centrify is a Santa Clara, CA-based provider of unified identity management software and cloud-based Identity-as-a-Service (IDaaS). Led by CEO Tom Kemp, with newly appointed CMO Mark Weiner and VP of corporate communications Ally Zwahlen, the company leverages an organization’s existing identity infrastructure to enable single sign-on, multi-factor authentication, privileged identity management, auditing for compliance, and mobile device management. The company said it raised $42M in funding, with strategic investors including Samsung Ventures, Fortinet and Docomo Capital. Centrify intends to use the funds for global expansion. Its solutions are used by more than 5,000 customers worldwide. Update: in February 2022 the company rebranded as Delinea. Centrify delivers integrated security and compliance solutions to centrally control, secure and audit access to cross-platform systems and applications. Its software leverages Microsoft Active Directory to manage identities across on-premise and cloud environments. The company serves customers including financial institutions, pharmaceutical companies, government departments, retail giants, high‑tech firms and universities. Deployments range from thousands of globally distributed UNIX and Linux servers to managing Macs in a single department. Led by CEO Tom Kemp and based in Sunnyvale, CA, Centrify plans to use new funding to expand distribution and accelerate growth in cloud areas. The company closed a $16M Series D to support those initiatives. Centrify is a Mountain View security software company focused on integrating non-Microsoft platforms with Microsoft Active Directory management services. Its product addresses Active Directory management across heterogeneous environments. Reported customers include the National Institutes of Health, Verizon Wireless, PricewaterhouseCoopers and the University of Chicago. The company has been financing its growth through venture capital and has now completed a new funding round. It raised $15 million in a third round of capital, following $22 million previously raised. No revenue or user metrics were disclosed in the articles.

Participated · Equity · May 2008

Novasys Medical's core product, the Renessa System, uses a probe guided through the urethra and radiofrequency energy to treat female stress urinary incontinence as an alternative to surgical treatments. The Renessa System has been cleared by the U.S. Food and Drug Administration. The company competes with other noninvasive and minimally invasive options, such as Uroplasty's Urgent PC, Boston Scientific's urethral bulking agents, and Medtronic's implantable InterStim. The National Association for Continence estimates that 75–80% of the 25 million Americans who suffer stress urinary incontinence are women, indicating a large addressable market. Management listed in the article includes Scott Cramer (president and CEO), Michael Gandy (CFO), and Damian P. Alagia III (medical director and VP of Medical Affairs). The company reported a $3.9 million raise in a regulatory filing, but the article notes the company did not disclose how proceeds will be used and a spokeswoman did not return a call. Novasys Medical makes a medical device intended to treat female stress urinary incontinence. The company’s product is described by its CEO as the only real alternative to surgery for women with the condition. Novasys is based in Newark, Calif. The company recently completed a $49.5 million funding round. The financing was reported in VentureWire alongside a CEO interview about the device. Investors in the round span multiple venture firms and institutional backers.