Participated · Seed · May 2023

Synco offers a centralized real-time messaging desktop and mobile app designed specifically for property management teams, organizing conversations by property addresses, unit numbers, project names, trades, and more. The platform helps leadership gain visibility across properties, control conversation notifications, and provides more secure onboarding and offboarding. Team members at department, regional, and property levels get faster answers and a collaborative, organized space to work. The product was developed after the founders spent a year talking to hundreds of property management firms about decentralized email and text challenges. The company intends to use the seed funds to expand operations and business reach. Synco was co-founded by Jason Griffith, Ross Goldenberg, Bill Evick, and John Bonds and is based in New York City.

Led · Series A · Dec 2022

Get Covered provides insurance technology products and services for the multifamily industry that simplify buying, selling and tracking insurance across lease terms. The platform ensures residents meet a community’s minimum required policy and enables renters to purchase customized policies from A‑rated carriers. For owner/operators, Get Covered embeds insurance tracking into existing processes and offers a backend policy admin portal for certificate of insurance (COI) verification, tracking, billing and policy administration. The company plans to use new funding to innovate products, increase staffing and grow partnerships with insurance carriers, agencies and proptech companies. It also intends to expand its client base of renters, apartment owner/operators and property managers and to grow strategically in new and existing markets. Operationally, Get Covered added more than 600,000 units to its activation and COI tracking platform in 2022 and is deployed in over 3,500 apartment communities across 48 states. GetCovered.io provides a customizable tenant-facing storefront to purchase insurance from A-rated carriers and a backend policy administration portal for COI verification, tracking, billing and policy administration. The platform supports renters’ insurance, master liability programs, security deposit alternatives and other risk-management products for both residential and commercial leases. Its API integrates with property-management systems including Yardi Voyager, Onesite, MRI and Entrata, and the platform powers proptechs such as Belong Homes, Obie Risk and Knox Financial. GetCovered counts more than five hundred insurance carriers and agencies as clients and lists commercial partners including Updater, Marsh, NFP and Confie. Founded in 2018, the company says its mission is to become the “Shopify of Insurance” by giving smaller property managers and agencies access to the same tools as large companies. The recent financing is intended to accelerate embedding insurance tracking and administration into real-estate workflows and expand distribution through strategic partners.

Participated · Series B · Apr 2022

Vontive builds software to standardize business-purpose mortgages and digitally originate, underwrite, and service them at scale. Its platform connects private credit investors with real estate entrepreneurs to facilitate private capital deployment into U.S. housing modernization. The company applies granular knowledge of housing markets, properties, borrowers, and document requirements to automate tasks traditional lenders handle manually. Vontive launched a securitization shelf to combine a traditional credit-investing structure with its technology, enabling investors to access complex mortgage credit assets. The firm positions its product to address renovation needs in aging housing stock and the shortage of affordable housing. Citi’s equity investment and capital markets support are expected to accelerate Vontive’s growth and market expansion. Vontive offers a no-code, white-label embedded mortgage platform that modernizes investment real estate lending by connecting retail partners with capital providers. Its core product standardizes loan application, underwriting, contract generation, and credit distribution to enable partners to launch investment-property mortgage businesses quickly. The company builds a highly structured data model and algorithmic underwriting to automate re-underwriting and supply credit-quality assets to financial institutions. Vontive has been profitable since last year, reported 900% year-over-year growth in gross merchandise volume, and has closed over $600 million in mortgages with just three defaults. It serves about 12 retail partners, plans to deploy its solution with another five soon, and counts capital partners such as Barclays and Colchis Capital. Vontive has doubled headcount to 78 and plans to scale its go-to-market team and expand its partner network.

Participated · Seed · Mar 2022

Daybase operates a network of on-demand, professional-grade coworking locations designed for hybrid workers and companies. The company offers neighborhood workspots close to home and is developing tools to support hybrid work. Daybase opened its first location in Hoboken, New Jersey, which has welcomed more than 300 members. Two additional locations (Harrison, New York, and Westfield, New Jersey) are under development and set to open later this year, with nationwide expansion planned. The team is led by CEO Joel Steinhaus and COO Doug Chambers. The company says it will use new funding to expand its location network and build new hybrid-work tools.

Participated · Series B · Aug 2021

Agora has built a materials management SaaS platform that helps commercial trade contractors order and track materials, automate manual data entry, and centralize procurement communication. The platform offers features such as customizable templates, pre-approved materials lists, a catalogue with more than 400,000 SKUs, and tools to eliminate manual entry. According to the company, annual recurring revenue grew 760% year-over-year, its customer base is up 6x, headcount has tripled to 45, and it is processing $140 million in annualized materials volume. Agora says its technology can save office teams 75% of the time spent processing purchase orders, reduce foremen materials-management time by 38%, and provide up to $300,000 of potential annual savings for the average customer. Founded in 2018 by Maria Rioumine and Ryan Gibson and based in San Francisco, the company is pursuing a trade-specific approach, starting with electrical work and expanding into mechanical. The company plans to use new capital to hire across teams and expand beyond 30 states into additional trade verticals. Agora positions itself to address productivity challenges in the $10 trillion construction industry, where technology spend has historically been low.