Participated · Series H · Feb 2026

GrubMarket is an AI-driven technology and B2B e-commerce company that digitizes, automates, and streamlines the American and global food supply chain. Its offerings include enterprise SaaS such as an Inventory Management AI Agent and Reporting AI Agent, as well as a tech-enabled marketplace that serves customers in all 50 U.S. states and more than 70 countries. Recent acquisitions—Coast Citrus, Delta Fresh Produce, and Procurant—have expanded its reach; Procurant alone facilitates $5.5 billion in GMV for over 850 customers across 14 countries. The firm operates with what it calls a self-sustaining, profitable model and has been recognized on the CNBC Disruptor 50 list for three consecutive years. It runs the Sustainable California initiative, which promotes organic farming and has funded hundreds of thousands of tree plantings. Backed by a $4.5 billion pre-money valuation, the company plans to invest further in talent, financial infrastructure, technology development, and additional acquisitions to expand across North America, South America, Europe, and Africa.

Participated · Equity · May 2023

ClearMotion builds CM1, a patented high-bandwidth active suspension technology that cancels unwanted motion in the car and integrates with infotainment systems to deliver an immersive in-cabin experience. The company says CM1 improves ride comfort, productivity, and safety and is positioned for consumer deployment after a recent production order. ClearMotion received a $32M investment to advance commercialization and bring its technology to market. The production order from an EV automaker will facilitate the transition of CM1 units into the industrialization phase and make the system accessible to consumers next year. Led by CEO Christian Steinmann, the company was founded out of MIT and maintains locations in Boston, Birmingham (UK), and Shanghai. The new funding is intended to support product industrialization and market entry. ClearMotion develops software-controlled actuators and an electrohydraulic unit to replace traditional shock absorbers, using vehicle sensors and predictive software to counteract road disturbances. The company has spent over a decade on external motion cancellation and is now introducing coordinated in-car 4D motions that integrate with infotainment, movies, games, and the metaverse. ClearMotion positions this tech as a way to transform vehicles from transportation tools into mobile living spaces and to create new in-cabin entertainment experiences, such as synchronized 4D movies during charging. The company is pursuing a China expansion and is setting up a plant to assemble actuators around Shanghai, with a plan to begin mass production in China by the end of 2024. ClearMotion has started hiring in China for engineering, software development, hardware, and customer relationship roles to support industrialization. Its CEO, Christian Steinmann, says Nio Capital’s backing is critical to building a footprint in China. ClearMotion develops a proactive ride system that pairs road‑sensing technology with software and hardware to reduce vehicle movement across uneven road surfaces. The company has completed development programs on multiple car lines and has commissioned a pilot production facility for its first OEM launches. It was founded out of the Massachusetts Institute of Technology and is based in Boston, MA, with an additional development center and proving grounds in Birmingham, UK. ClearMotion holds over 10,000 patent claims issued or pending worldwide. Led by founder and CEO Shakeel Avadhany, the company is positioning its technology for commercial OEM deployments. The recent financing will support its transition toward production and market rollout. ClearMotion designs and builds digital motion control systems that use road-sensing software and hardware to improve ride performance in cars. Its "proactive ride" technology leverages proprietary software algorithms to make traditional dampers intelligent and responsive, aiming to improve comfort, performance and safety. The company was founded out of the Massachusetts Institute of Technology by CEO Shakeel Avadhany and is based in the Boston area. ClearMotion received a strategic investment from Bridgestone Americas, though the amount was not disclosed. As part of the investment, Bridgestone will have opportunities to integrate and leverage ClearMotion’s technology to engineer new and innovative solutions for the automotive industry. The article did not disclose operating metrics, valuation, or funding totals. ClearMotion develops an alternative chassis that replaces physical shock absorbers with software-driven adaptive actuators. The company says it has created the "world's first digital chassis," using proprietary algorithms to monitor road conditions and adapt in real time for optimal comfort and performance. Its technology is distinct from autonomous driving and driver-assist systems, focusing instead on in-cabin ride quality. ClearMotion positions its platform as especially useful for improving the passenger experience in a self-driving future, where in-cabin stability and comfort matter more. The company acknowledges that physical suspension has advantages like fewer bugs but argues its digital approach better serves vehicles-as-living-spaces. ClearMotion has secured $100 million in a Series C to advance its product and commercial applications.

Participated · Series D · Mar 2022

Hydrow sells a connected home rowing machine and subscription-based fitness experience, positioning itself in the connected-fitness market. The company is Boston-based and emphasizes a “hybrid” approach to fitness, according to founder and CEO Bruce Smith. Hydrow grew revenue 3x between 2020 and 2021 and now reports north of 200,000 users. The company plans to invest in its product offering and drive innovation to retain and grow its member base. Management intends to use new funding to ramp up production and expand Hydrow’s international footprint. Hydrow expects its product to benefit from renewed interest in at-home equipment that requires relatively little storage space compared with treadmills. Hydrow produces a fitness player that delivers patent-protected Live Outdoor Reality™ (LOR) with instruction from athletes streaming live on the water. Its programming features live rowing from cities such as Miami, London, and San Francisco. The company intends to use newly raised funds for content expansion and increased marketing outreach. Hydrow raised a $25M financing extension that brings its total capital raised to $52M. The company was founded by Bruce Smith, who serves as CEO, and is based in Cambridge, Mass. Investors mentioned in the articles include L Catterton and existing backer Rx3 Ventures. Hydrow builds a Live Outdoor Reality™ (LOR) connected rowing machine that simulates the sights, sounds and sensations of rowing outdoors to deliver a superior in-home workout. The system includes hundreds of live and on-demand rowing workouts, supplemented with yoga and functional strength training. Hydrow sells the rower on its website for $2,199 and charges a monthly content subscription of $38. Led by CEO and founder Bruce Smith, the company leverages design and technology to provide both physical and emotional benefits of being on the water. Hydrow plans to use new funding to accelerate growth as it begins nationwide shipping, starting with nearly 1,000 early backers who purchased through Indiegogo. The company is based in Cambridge, Mass. Hydrow builds a connected fitness rower that delivers a live on‑river outdoor rowing experience at home. The platform includes hundreds of live and on‑demand rowing workouts, supplemented with yoga and functional strength training. Workouts are led by world‑class trainers, many of whom compete at the Rowing World Championships, creating an immersive fitness experience. Hydrow was founded in 2017 by U.S. National Team Rowing Coach Bruce Smith and is based in Boston, MA. The company plans to use new capital to bring its connected rower to consumers across the country. Financially, Hydrow received a more than $20m growth equity investment. CREW by True Rowing has developed a connected indoor rowing machine (CREW) that streams live, on-water instruction and content to a 22-inch screen using a proprietary, patent-pending broadcast-and-delivery system. The machine is described as sleek, nearly noiseless, and designed to evoke the water while delivering real-time feedback, music, and daily stories from instructors. CREW daily broadcasts live content from the Charles River in Boston and leverages a team of National Team rowing instructors and coaches for programming. The company emphasizes rowing’s whole-body benefits and claims its workouts deliver a more complete experience in less time. True Rowing says it will begin accepting orders for the CREW machines in the coming weeks and aims to expand rowing access to millions of users. The company is based in Cambridge, Mass., and highlights market reach estimates of 175,000–250,000 rowers in the U.S. and roughly 4.3 million people who use indoor rowing machines daily.

Participated · Equity · Jan 2022

Pavilion Data Systems is a San Jose, Calif.-based provider of a data analytics acceleration platform and a pioneer of NVMe-oF. Its Pavilion HyperParallel Data Platform, powered by Pavilion HyperOS, targets GPU-based computing and delivers high performance, density, ultra-low latency, scalability and flexibility. The platform complements AI/ML, HPC, analytics, edge and other data-driven workloads and serves enterprises seeking faster, scalable data I/O. Pavilion reported expanded deployments within federal agencies and increased analytics penetration at multiple Fortune 500 customers, including a top-20 bank, a top credit agency, and a large hedge fund. The company says it doubled new customers and opened new sales offices in Atlanta, Boston, and London while expanding into life sciences, financial, and media and entertainment verticals. Pavilion intends to use new funding to continue expanding operations and broaden its business reach. Pavilion Data Systems develops an ultra-fast, rack-scale NVMe-over-Fabrics storage platform and an OPENCHOICE Storage business model that lets customers reuse standard NVMe SSDs or buy drives directly from makers. Its platform targets massively-parallel modern applications and is used in AI, machine learning, and deep learning workloads across IBM Spectrum Scale, MySQL, NoSQL, and Pivotal Greenplum, and supports Kubernetes, VMware and Pivotal Cloud Foundry. The company reports repeat sales and said it delivered a large number of systems in 2019, with many customers purchasing additional arrays as they scale out. Pavilion has received industry recognition (Flash Memory Summit Best of Show – Most Innovative Startup 2019), been named an IDC NVMe over TCP Innovator, and holds 16 patents to date. The company is active in standards and research groups including NVMexpress, SNIA, STAC Research, and TACC's STAR Program. Pavilion is based in San Jose, Calif., and plans to use new funding to accelerate product delivery, expand into new markets (including Asia), and grow its team to meet customer demand.