Participated · Series A · Oct 2018

Lumenari develops narrow-bandwidth LED phosphors, offering its flagship Emerald phosphor to expand color gamut and range in displays including televisions, tablets, laptops, monitors and smartphones. Emerald is positioned to minimize brightness degradation and color shift while enabling wider color gamut displays. The company says the funds will accelerate its go-to-market strategy with OEMs, packaged LED suppliers and display manufacturers. Lumenari was launched in 2013 and relocated from Silicon Valley to Lexington, Kentucky. The display panel market was valued at $164 billion in 2017 and is projected to reach $235 billion by 2023, supporting demand for wider color-gamut solutions. The company emphasizes commercial deployment in LCD display backlighting applications.

Participated · Equity · Dec 2016

Healthcare Asset Network operates a cloud-based provider-to-provider platform for buying and selling surplus medical supplies and surgical equipment. Its software aims to professionalize the fragmented healthcare secondary market by consolidating transactions and simplifying buying and selling activities. The company has developed proprietary technology tailored to large healthcare systems with a particular focus on sustainability efforts. Current customers include healthcare systems, ambulatory surgery centers, outpatient clinics, equipment refurbishers, distributors, and humanitarian groups. The company was founded in 2013 by Kyle Green, who has extensive healthcare operations experience. It recently closed a $3 million financing to expand its technology and sales teams and to accelerate relationships with enterprise customers.

Participated · Equity · May 2016

MakeTime is a Lexington, KY-based manufacturing platform that enables qualified U.S. suppliers to monetize incremental capacity from idle machines by aggregating available hours across machine types. The platform streamlines procurement for manufacturers by analyzing part files to determine machining requirements and matching jobs to available machine capacity. It automates matching using requested quantity and in-hands date to allocate a job to a single supplier or distribute it across multiple suppliers. The company is led by founder and CEO Drura Parrish. MakeTime secured an additional $8m in funding and will use the proceeds to scale its ability to automate how things get made. MakeTime operates an online marketplace that connects buyers and sellers of hourly capacity on computer numerical control (CNC) machines located across America. Users can buy and sell machine time by machine type, required/available hours, hourly rate, material type and date range. The company launched to the public in November 2014 and has added over 400 manufacturers to the platform. Led by CEO and Founder Drura Parrish and COO Jeffrey Markowitz and based in Lexington, KY, MakeTime has raised a total of $3.87m since its inception in 2014. It raised $2.65m in a Series A round and plans to use the funds to increase sales, marketing and product efforts. As part of the round, Daniil Stolyarov of Almaz Capital joined the company's board.

Participated · Series A · Dec 2015

SentryHealth (formerly Edumedics) provides workplace health services delivered at the worksite, near-site clinics, or remotely via telehealth, using mid-level practitioners and a proactive, programmatic outreach model. Its proprietary Healthward platform uses algorithms and program elements to identify members with chronic diseases or at risk, orchestrate outreach and ensure adherence to evidence-based clinical protocols. The company says its approach yields industry-best participation rates and recent quarterly results showing client savings exceeding 40% among program participants with chronic diseases, driving consistent double-digit cost reductions. SentryHealth positions itself between primary care and employer health program offerings to improve outcomes for employees with chronic conditions. The company was founded in 2010 by Alice Shade and Dr. Richard Goldstein and is based in Louisville, Kentucky. It plans to use new growth capital to accelerate expansion into states beyond its core Midwest populations. Edumedics delivers care management for individuals with or trending toward diabetes and other chronic conditions, focusing on populations such as self-insured employers and Medicare Advantage groups. The company puts Nurse Practitioners face-to-face with patients and uses its proprietary Healthward™ technology at the point of care. Over four years the delivery model has improved clinical outcomes and reduced costs—clients enrolled in programs have seen up to a 15% reduction in yearly costs, and one client saw diabetes improvement exceed 52% among the most at-risk members. Edumedics raised growth capital in a $4.2M Series A to fund expansion. The company plans to expand beyond its core populations in Kentucky and Maine to other states. It will also accelerate offerings to Medicare groups to help them achieve quality measures that impact HEDIS scores and Star ratings.