Led · Equity · Jul 2026

Founded in 2016 and based in San Ramon, California, Lumin Digital offers a unified digital banking platform purpose-built for banks and credit unions that embeds AI and cloud-native architecture. The company emphasizes compounding customer outcomes — claiming greater user growth, deeper engagement, stronger retention, and expanding revenue the longer institutions run on its platform. Lumin reports best-in-class client satisfaction with an NPS of 94 and cites third-party research showing a 145% ROI over five years and a 10.8-month payback period. Management says the business has demonstrated consistent and sustainable growth, exceeded financial goals, and improved margins and operational efficiency. Current plans disclosed include accelerating product innovation across AI, payments, CRM, lending, and other platform capabilities funded by the recent capital raises.

Led · Series D · Dec 2024

Headquartered in San Jose, CA, Ayar Labs builds co-packaged optics that move data between chips with light instead of copper, reducing power consumption while boosting bandwidth for AI infrastructure. Its flagship TeraPHY optical engine is manufactured in concert with leading semiconductor partners and is designed to slot directly into existing accelerator and switch designs. By replacing traditional electrical I/O with optical links, the technology delivers significant performance gains and cost savings in power-constrained environments. Following its latest financing, the company plans to ramp production and testing capacity, open and staff a new office in Hsinchu, Taiwan, and deepen ecosystem partnerships to speed customer deployments. Ayar Labs’ CPO solution is already qualified for industry-standard fab, manufacturing, and packaging flows, positioning it for broad adoption. The company has raised a cumulative $870 million to date, providing substantial capital to execute its global expansion and commercialization roadmap.

Participated · Series F · Jan 2022

Clari offers a purpose-built software platform that consolidates CRM data, revenue intelligence, sales enablement, and sales engagement signals to give revenue teams visibility and improve forecast accuracy. Its platform helps revenue teams drive process rigor, spot pipeline risk and opportunity, and increase operational efficiency. Thousands of sales, marketing, and customer success teams at more than 450 companies worldwide — including Okta, Adobe, Workday, Zoom, and Finastra — use Clari’s execution insights. Following a $225M Series F that values the company at over $2.6 billion, Clari plans to expand its team globally and advance its technical strategy to give customers more control over revenue. The company also intends to use the funding to fuel its acquisition strategy. Led by co‑founder and CEO Andy Byrne, Clari is positioned to scale its revenue operations platform across larger enterprises and partner ecosystems. Clari positions itself as a leader in revenue operations, offering a platform that connects sales and revenue systems to provide greater visibility and rigor across go-to-market teams. The company aims to drive efficiency and predictability for sales and revenue processes, helping businesses scale growth. Clari is partnering with HubSpot to extend revenue operations to more businesses and integrate with a leading CRM platform. Executives said the collaboration will deliver greater connectedness, efficiency, and predictability for customers. Alyssa Filter, Clari’s CFO, emphasized that the partnership will provide best-in-class solutions to support customer growth. HubSpot’s SVP of Corporate and Business Development, Andrew Lindsay, called Clari a natural partner to deliver greater value for customers. Clari provides a Revenue Operations Platform that helps revenue teams drive process rigor, spot pipeline risk and opportunities, increase forecast accuracy, and improve overall efficiency. Its platform delivers execution insights used by thousands of sales, marketing, and customer success teams at companies including Okta, Adobe, Zoom, and Finastra. The company announced a partnership with Workday through the Workday Software Partner Program to integrate Clari’s AI-powered forecasting insights with Workday Adaptive Planning’s financial planning and reporting workflows. That integration is intended to give companies visibility into future results and better connect revenue and financial planning. Financially, Clari extended its Series E with an investment from Workday Ventures; the amount of the investment was not disclosed. The product focus remains on connecting revenue processes and embedding forecasting intelligence into customers’ planning and reporting. Clari provides a revenue operations and forecasting platform that gives executive teams granular visibility and predictability into revenue outcomes. The product has primarily served sales and marketing teams and counts customers like HPE, Workday and Adobe. The company is expanding the scope of the product to bring revenue predictability to other parts of organizations and plans to push into additional verticals. Clari saw strong usage and inbound investor interest during 2020, and CEO Andy Byrne said he beat the revenue plan he submitted to the board by 110%, though he declined to disclose specific revenue figures. The company is up to about 300 employees and plans to double headcount by the end of 2021. Clari also says it is building toward an eventual IPO, but has not provided a timeframe. Clari uses AI to surface key information such as customers most likely to convert, the state of orders in the sales process, and the next sources of revenue. Its core product is an AI-fueled revenue operations and forecasting system designed to replace spreadsheet-driven record keeping. The platform helps reps prioritize where to spend time, automates tasks to close deals faster, and gives managers new insights and more predictability in forecasting. Clari counts customers including Okta, Zoom and Qualtrics and has more than 300 customers. The company has just passed 200 employees and plans to use the new funding to accelerate growth and expand the product’s capabilities. Financially, Clari recently closed a $60M Series D at a valuation pegged at around $500M and has raised $135M in total to date.

Participated · Series B · Nov 2020

Solv is a San Francisco-based network that connects patients to a national network of same-day and next-day healthcare providers. Led by CEO Heather Fernandez, the company offers in-person and virtual visits and consumer-focused scheduling for rapid appointment access. For providers, Solv’s technology aims to improve service quality, patient engagement, and practice performance. The company said it will use the funds to expand its national provider network and consumer-driven offerings, including same-day in-person appointments and virtual care. Solv also plans to increase cost transparency for patients and has established an Industry Advisory Board to guide future growth, naming three founding members. Solv is a San Francisco-based healthcare platform that connects patients to a network of healthcare providers through a consumer-focused mobile app. The app offers same-day appointment availability, virtual visits and cost transparency by partnering with care providers across the country. Solv plans to use new capital to expand its national provider network and broaden specialty coverage to include primary care, mental health and women's health. The company emphasizes convenient access to care via mobile workflows that surface in-network options and pricing. Its board includes investors and company founders, reflecting continued investor engagement with the business. Solv operates a consumer-facing app that lets users find and book same-day urgent care appointments at nearby clinics. Through the app, consumers can see the cost of each service and secure a visit in as little as 15 minutes. The company recently launched Solv Pay, a feature that lets patients learn about insurance coverage and pay out-of-pocket bills via phone or text. Solv highlights the role of AI-powered tools in reducing administrative burdens on healthcare providers. Greylock partner James Slavet has joined Solv’s board of directors. The company raised $16.8 million in a Series B to improve urgent care appointment booking. Solv is a San Francisco-based, mobile-first platform that enables patients to find and book same-day urgent care appointments, search providers by location and symptoms, and select appointment times. Users can upload a photo of an insurance card for instant coverage confirmation, and the platform displays cash prices for self-pay patients. Led by CEO and co-founder Heather Fernandez, Solv launched a private beta in late 2016 in Dallas–Fort Worth and reports that thousands of patients have used the technology. The service is accessible from any mobile device via its website. The company secured Series A funding and plans to use the proceeds to open its private beta to more patients and providers, expand to additional cities over the year, and grow its team.

Participated · Series F · Feb 2020

Toast is a restaurant-focused management platform built exclusively for restaurants, combining point-of-sale, operations, guest engagement, hardware and software. Launched in 2013, the company says tens of thousands of restaurants use its platform. In 2019 Toast reported revenue growth of 109% as many new restaurants joined the Toast community. The company plans to invest its recent raise into its technology platform, building new products to deepen guest connections and increase restaurant revenue. It will also expand hardware and software to speed service, streamline the guest experience, reduce operational costs, and add capabilities to improve employee experience and reduce turnover. Toast plans to develop financial products to provide quick and reliable access to funding to help restaurateurs grow. Toast offers a full restaurant management platform including point-of-sale services, reporting and analytics, kitchen display systems, online ordering and delivery interfaces, loyalty programs, and built hardware such as handheld order pads, payment/order terminals, self-service kiosks and guest displays. It integrates with a network of roughly 100 partners, including Grubhub, to stitch third-party services into its platform. Toast serves tens of thousands of businesses and processed transactions in the tens of billions of dollars, reporting about 148% revenue growth in the last year while not disclosing absolute revenue or profitability. The company says it will use new funding to build technology for marketing, recruitment and operational efficiency and to consider expanding into territories outside the U.S. Toast has committed about $1 billion over the next five years to R&D to develop more hardware and software. Leadership notes that roughly 70% of employees have worked in the food service industry, which the company says helps product development and customer understanding. Toast is a restaurant management platform that combines an Android-based point-of-sale with front-of-house, back-of-house, guest-facing technology and a third-party app marketplace. Launched in 2013 and headquartered in Boston with offices including Dublin, Toast serves tens of thousands of restaurants across all 50 states. The company reported revenue growth of 150% over the past year and employs more than 1,000 people in over 30 states. Core products include the Toast Go mobile POS, a Kitchen Display System, and guest feedback applications under development to help restaurants increase revenue and streamline operations. Toast plans to accelerate investment in research and development, recruit new talent, and expand its market presence globally. Customers cited in the announcement include Jamba Juice, WaBa Grill, Hattie B’s, and B.GOOD. Toast is a Boston-based restaurant technology platform that offers a mobile, cloud-based point-of-sale system integrating front-of-house, back-of-house, online ordering, gift card and loyalty programs. The platform includes labor and sales reporting and supports integrations across operational functions. Launched in 2013 and led by CEO Chris Comparato, Toast was founded by Steve Fredette, Aman Narang and Jonathan Grimm. The company serves customers including Costa Vida, Pieology, Bareburger and Jeni’s Splendid Ice Creams, among others. Toast has over 500 employees and plans to hire nearly 1,000 more over the next 18 months. It intends to use the new funds to invest in talent and expand product areas such as Toast Online Ordering, self-ordering kiosks, handheld pay-at-table experiences, CRM and marketing tools, advanced reporting, inventory and loyalty. Toast provides a cloud-based mobile point-of-sale platform for restaurants that integrates online ordering, gift card and loyalty programs, labor and sales reporting. The company was launched in 2013 and is led by CEO Chris Comparato; it was founded by MIT graduates Steve Fredette, Aman Narang, and Jon Grimm. Toast has more than 170 employees and serves thousands of restaurants across fine dining, fast casual, and national chains. The business focuses on combining payments, operations and customer-engagement tools in a single platform. Following the fundraise, the company plans to accelerate growth through hiring, product innovations, and customer success efforts. Toast is based in Boston, MA.