Participated · Series C · Jan 2025

Eleos builds AI agents and multimodal LLM-powered tools that streamline clinical documentation, surface care insights, and improve patient engagement for behavioral health providers. The company recently launched Eleos Compliance, a clinical documentation improvement (CDI) product that uses agentic AI to flag documentation errors and simplify appeals and accreditation work. Eleos uses the industry’s largest dataset of real-world treatment sessions and claims randomized controlled trial results showing >80% faster progress note submission, doubled client engagement, and 3–4x improved care outcomes versus treatment as usual. The company has more than 120 customer organizations across 30+ U.S. states and reports rapid revenue growth, tripling annual revenue over its first three years and doubling revenue in 2024. Eleos plans to use new funding to expand product offerings, grow its commercial team, hire senior leaders and engineering/data talent, and push into underserved segments—particularly substance use disorder and post-acute behavioral healthcare. Eleos Health develops AI that interprets, analyzes and documents behavioral health conversations using proprietary, behavioral health–specific large language models trained on treatment data and clinical expertise. The system reduces operational burden on providers by automating documentation and surfacing objective insights into evidence-based care and the therapeutic alliance. Leadership teams can scale supervision and training and gain visibility into staff activity, caseloads, performance and population health. The company plans new and enhanced AI solutions for group therapy, compliance automation, case management, concurrent documentation and value‑based care support. Eleos intends to expand its reach to more behavioral health providers and segments, deepen strategic partnerships with EHRs and industry associations, and hire more than 50 people by the end of 2024. It is led by CEO Alon Joffe and is based in Boston and Tel Aviv. Eleos Health provides CareOps Automation solutions that consolidate the behavioral care workflow by automating operational necessities, including documentation and compliance administration, and by delivering session intelligence. Its session intelligence tools generate clinical insights that enable clinicians, providers, and networks to track treatment and progress in a measurable way. The company is led by CEO Alon Joffe and is used by thousands of clinicians across more than 20 national care providers and health plans, including Gaudenzia Home, The Brookline Center for Mental Health, and Coleman Health Services. Eleos has captured more than 6.5 million minutes of treatment to date and is projecting 30 million minutes captured by the end of 2022. The company intends to use the funding to accelerate growth and expand its operations, team, and product. Eleos is based in Boston, MA. Eleos Health develops an AI-powered Speech-to-Insights system that analyzes behavioral health sessions to surface actionable insights for clinicians. Its VoiceAI technology runs securely in the background of sessions and analyzes hundreds of data parameters to accelerate clinical decision-making and personalize care. The company has deployed its solution with over a dozen provider organizations, including Solvista Health, Achieve, Yeshiva University and ReachLink. Eleos plans to use the recent funding to expand sales, marketing, and solution delivery teams needed to meet demand for enterprise software deployments across providers and payors. Founded in 2020 and based in Boston and Tel Aviv, the company has added Dr. David Shulkin to its board. Eleos closed a $6M seed round in 2021.

Participated · Equity · Mar 2023

eToro is a social investing network founded in 2007 and led by CEO Yoni Assia. Its platform lets users share investment strategies and follow top-performing investors across a community of over 30 million registered users. The company has expanded its product set in the US with stocks, ETFs and the acquisition of options trading app Gatsby, and bought Bullsheet to add portfolio management tools for eToro users. eToro is diversifying its US offering while also working with regulators internationally, securing registrations in France and Italy, a licence in New York, and an in-principle approval to operate as a broker in Abu Dhabi. The business continues to pursue global expansion and product diversification alongside regulatory engagement. The company disclosed a recent funding event as part of its broader corporate and market strategy. eToro operates a social trading and investment platform serving a community of 9 million users. Clients can manually invest in over 1,500 instruments across six asset classes, automatically copy trades of other traders, and access thematic portfolios via CopyFunds. CopyFunds include Top Trader CopyFunds, Market CopyFunds and Partner CopyFunds, offering curated and partner-managed portfolios. The company intends to use new funding to expand into new markets and to increase R&D in blockchain technology and the digitization of assets. eToro joined the London Stock Exchange’s ELITE program in 2015 and completed its capital raising with the support of ELITE Club Deal. To date the company has raised $162M in total capital. eToro is a London-based social investment network that enables investors to see, follow and automatically copy the actions of other investors in real time. The company has 4 million registered users across more than 140 countries. It secured a $27M equity round and the financing package also includes a credit facility from Silicon Valley Bank. Backers named in the round included Ping An Ventures (a VC under Ping An Insurance Group), SBT Venture Capital and existing investors Spark Capital and BRM Group. eToro intends to use the funds to accelerate growth, expand into new regions including China and Russia, and to roll out its expected product roadmap. The company is hiring and is led by CEO and co-founder Yoni Assia. eToro is a social trading platform that surfaces real-time user activity and offers a CopyTrader function to follow and mimic other traders' trades. The company monetizes through commissions on trades, with spreads averaging 0.03 percent (ranging 0.03–0.1 percent), and it also pays popular traders $10 per follower per month. eToro reports more than 2 million users across 140 countries and says traded positions on the network grew by more than 500 percent over the last year. The company doubled headcount to roughly 200 employees across Europe, the U.S., Australia and Israel in the past year. New funds will be used to hire additional staff and invest in R&D. eToro also plans a proper U.S. launch later this year pending licenses and partnerships and is discussing white-label deals with banks and financial institutions. eToro operates a social trading platform that enables investors to see, follow and copy the actions of other investors in real time. The company says its online investment network boasts 1.5 million users in over 130 countries. eToro has closed a funding round of $8.3 million. Investors in the round include Spark Capital, Social Leverage and existing investors. The company said the proceeds will be used to fuel international growth and further enhance its social trading platform.

Participated · Series F · Nov 2019

BlueVine offers banking and working-capital products — including Business Checking, Payments, and a Line of Credit — built specifically for small and medium-sized businesses. The company emphasizes providing flexible credit and resources to help very small businesses grow and thrive. BlueVine recently increased the committed amount on its Line of Credit warehouse debt facility with Atalaya and two lenders advised by 20 Gates Management to $150M, with the ability to upsize to $300M. It has also restarted its Line of Credit forward-flow program with multiple previous and new buyers, with capacity to sell hundreds of millions in originations annually. These financing partnerships are intended to diversify funding sources and enable BlueVine to expand its Line of Credit lending during economic recovery. BlueVine is based in Redwood City, California, and is backed by investors including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, ION Crossover Partners, SVB Capital, Nationwide Insurance, and M12. BlueVine provides small- and medium-sized businesses access to financial services via an advanced online platform. The company offers a suite of products including BlueVine Business Checking, Line of Credit, Term Loan, and Invoice Factoring. Led by CEO Eyal Lifsthiz, BlueVine has provided more than $6.5 billion in financing to SMBs. It also delivered $4.5 billion in Coronavirus pandemic financial relief loans through the Paycheck Protection Program to more than 155,000 small business owners. BlueVine recently opened a Salt Lake City, Utah office focused on customer service initiatives. The company is using new capital to expand its Line of Credit lending solution and broaden lending resources for small business customers. BlueVine is a fintech that offers financing and business banking products specifically for SMBs. Its core offerings include lines of credit and term loans (both up to $250,000), invoice factoring with credit lines up to $5 million, and a growing business banking suite including checking accounts. The company aims to be a one-stop financial platform for SMBs, expanding product breadth to keep customers on its platform and improve margins rather than white-labeling its technology. BlueVine has originated about $2.5 billion in loans to roughly 20,000 small businesses and only recently launched its checking product. Financially, the company is not yet profitable but reports 100% growth year-over-year and expects triple-digit revenue this year. It has raised significant equity and debt to fund growth and loan originations. BlueVine provides flexible working capital financing to small and medium-sized businesses, giving them quick access to funds to purchase inventory, cover expenses, or expand operations. The company developed a fully-online, cloud-based platform for invoice factoring and also offers Flex Credit, a business line of credit financing issued by Celtic Bank. Flex Credit is based on 6-month and 12-month payment terms. Founded in 2013 by CEO Eyal Lifshitz, BlueVine now has more than 200 employees across Redwood City, New Jersey, New Orleans and Israel. Financially, the company has raised over $500M to date, with its Series E totaling $72M after the additional $12M announced. BlueVine provides working capital financing to small and medium-sized businesses, offering business lines of credit and invoice factoring. The company plans to expand its business line of credit product using newly secured capital. BlueVine recently secured a $200 million asset-backed revolving credit facility with Credit Suisse. It is also raising its business line of credit limit to $250,000 and earlier doubled its invoice factoring credit limit to $5 million. Led by Founder and CEO Eyal Lifshitz and CFO Ana Sirbu, its total funded volume since founding is expected to top $1 billion in 2018.