Participated · Equity · Aug 2025

Mesa is an Austin, TX-based provider of a membership platform built for homeowners. Its product suite includes the Mesa Credit Card, which earns redeemable reward points on monthly mortgage payments and everyday household purchases. It also offers Mesa Mortgage, awarding reward points for new mortgages or refinancing. Led by CEO and founder Kelley Halpin, the company emphasizes giving members real value for every dollar they spend on their home. Mesa raised $24M in a debt and equity financing round and intends to use the funds to accelerate rapid growth and product development. The raise brings Mesa's total capital raised to $33M. Mesa offers mortgage origination and refinancing that include a credit-card-style 1% cash back on the loan plus an unsecured, homeowner-focused rewards credit card issued in partnership with Celtic Bank. The card awards 1 point per dollar for mortgage payments, 2x for gas and groceries, and 3x for home services, and points can be redeemed for cash back, travel, gifts, or to offset mortgage payments. The card carries a typical credit-card APR in the low 20% range and credit limits are determined by applicants' credit histories. Mesa plans to add benefits such as discounts at home-improvement merchants and credits toward big-box memberships and home maintenance. The company says it will monetize via interchange fees, interest revenue, affiliate revenue, and mortgage lead generation. Mesa emerged from stealth on an invite-only waitlist, discloses no user or revenue figures, and currently employs 13 people.

Participated · Series C · Dec 2024

OneRail provides last-mile omnichannel fulfillment via its OmniPoint SaaS platform paired with logistics-as-a-service, automating fulfillment orchestration, carrier selection and delivery mode. The company recently acquired Orderbot to add distributed order management and inventory visibility, enabling dynamic selection of inventory across fulfillment locations. OneRail plans to deepen decision logic upstream and invest in data science, machine learning and AI to enhance multimodal, multi-carrier capabilities and lower fulfillment costs. It operates a real-time connected network of 12 million drivers and maintains a 98% on-time delivery rate via a 24/7 U.S.-based exceptions team. Since its prior financing in November 2022, OneRail has grown revenue by 254% and reports year-over-year revenue growth of 102%, and has expanded service to more than 400 cities across the U.S. and Canada. OneRail offers a delivery operating system and fulfillment platform that automates last-mile logistics, intelligently selecting the right shipping mode and courier to optimize each order. Its platform is directly connected to a real-time network of nearly 10 million drivers and is supported by a USA-based Exceptions Assist operations layer available 24/7. OneRail reports an on-time delivery rate above 98% (98.6% in company materials) and says its system is transacting over 12 million data calls per minute. The company has expanded service to over 330 U.S. cities and deployed from more than 10,000 unique shipper locations, with a Logistics Partner Network that grew by four million (up 66% year over year). Since its Series A in 2021 the company has grown revenue year-over-year by 312% and employs nearly 100 team members in Orlando. OneRail plans to use the new funding to build new data-driven platform capabilities and to expand its sales, marketing, and solution engineering teams to meet increased shipper demand. OneRail provides a 3-in-1 final mile delivery fulfillment platform combining a national courier network, an API-driven smart-matching delivery operating system and a 24/7 Exceptions Assist™ team. The company reports an on-time delivery rate of 98.6 percent and an exceptions rate described as virtually zero. OneRail says its network spans 7.5 million drivers across 200 major U.S. cities and its Logistics Partner Network grew by 4 million year-over-year. Over the past 18 months the Orlando-based startup closed $21.5 million in financing, grew headcount from nine to 80, and delivered over 10x year-over-year revenue growth with major Fortune 500 customers. OneRail offers standalone or TMS-integrated deployments and has an integration with SAP Commerce Cloud available in the SAP Store. The company plans to use new capital to expand its customer success team, enhance its delivery operating system and Logistics Partner Network, activate key partnerships, and accelerate customers' digital supply chain transformation. OneRail provides a delivery orchestration and fulfillment platform that connects a shipper’s demand signal (POS, eCommerce, OMS, ERP) to an aggregated network of final-mile couriers and carriers, automating rate shopping, dispatch, tracking and proof of delivery. The platform supports forward and reverse logistics and claims real-time visibility, event-driven notifications, and data-driven delivery optimization. OneRail aggregates over 120 delivery companies, 65 parcel and LTL carriers, and a network it describes as 6 million delivery drivers. The company reported growth of 5,200% since January 2020 and cites accelerated e-commerce demand during the COVID-19 pandemic as a driver of commercial adoption. OneRail has begun national rollouts with customers such as American Tire Distributors for expedited delivery programs. Management says the financing will be used to scale business development and marketing efforts to expand the company’s final-mile footprint and customer base. OneRail provides a final-mile orchestration and fulfillment platform that matches shippers' real-time demand signals (Point of Sale, ERP, eCommerce) to a contracted network of aggregated couriers. The platform identifies exceptions and manages each delivery through proof of delivery. OneRail serves multiple verticals including retail, industrial supply, health care and product manufacturers. The company has agreements with over 50 courier entities and a footprint of more than 75,000 individual couriers, with fleet assets ranging from sedans to large box trucks and services including white-glove installation and assembly. Its network operates in all 50 states. OneRail plans to use the new funding to expand platform capabilities and grow its logistics operations team.

Participated · Series C · Feb 2017

Desktop Metal develops metal 3D printing (additive manufacturing) technology designed for design and manufacturing teams. The company’s process emphasizes speed and durability, helping it move from prototyping toward real-world product manufacturing. Desktop Metal is Burlington, Mass.-based. It recently completed a $160 million Series E, bringing total funding to $438 million after a $65 million round in March that included Ford. The company says it will deploy the new capital to continue developing its metal 3D printing technology, expand its product roadmap, scale operations to meet growing orders, and finance major R&D initiatives. CEO Ric Fulop stated the funding will fuel those development and scaling efforts as the company pursues its mission of reinventing how teams print with metal. Desktop Metal develops metal 3D printers and is pushing a Production system slated for release in 2019 aimed at factory-scale manufacturing. Its core technology binds metal powders into polymers and then cooks them in a furnace. The company claims the process is 100-times faster and 20-times cheaper than existing 3D printing technologies. Desktop Metal already produces a printer built specifically for factory production and is working with automotive partners to scale use. It is collaborating with Ford toward printing parts on Ford’s production lines, and Ford added its CTO Ken Washington to Desktop Metal’s board. Financially, the company has raised a total of $277 million after a new $65 million round. Desktop Metal develops metal 3D printing systems, including the Studio prototyping machine and an upcoming Production system designed to bring 3D metal printing to manufacturing. Founded in 2013 by four MIT professors and based in Massachusetts, the company says its machines can print up to 100× faster than competitors and that the Production system can print 500 cubic inches of metal per hour. Customers include Lowe’s, Caterpillar and BMW, and the company’s $50,000+ Surface has been adopted by automakers and robotics firms for prototyping across many alloys. Desktop Metal is roughly 150 people, mostly engineers. The company plans to use new funding for R&D, hiring to grow the team, and to expand its market reach into Europe and Asia. Management says the Production system enables short production runs without tooling and can produce millions of parts per year per machine by its estimates. Desktop Metal develops desktop 3D printers designed to make metal objects for smaller businesses and designers. The company plans to move from research and development into production of its first printers and generate revenue by selling printers and proprietary high-performance alloys. CEO and co-founder Ric Fulop has said the printers will not employ lasers, though he has not disclosed the exact printing method. Desktop Metal positions its machines to enable prototype and production-ready metal parts across industries such as automotive, medical and aerospace. The startup faces competition from other metal-printing firms like XJet and alternative approaches such as metal-infused filaments for conventional desktop printers. The company highlights a large addressable market, citing roughly $12 trillion in manufactured parts processed globally each year. Desktop Metal is an industrial 3D printing company focused on developing metal 3D printers. The Lexington, MA startup's stated mission is to create a metal 3D printer for industrial use. It was founded by Ric Fulop, who previously founded A123 Systems and was a general partner at North Bridge Venture Partners. The company is about a year old. According to an SEC filing, Desktop Metal raised $33.76 million in a second-round funding. Return backers include NEA, Kleiner Perkins and Lux Capital, and the company has raised more than $47 million in total to date.

Participated · Series A · Oct 2016

K4Connect is a healthtech company that provides enterprise technologies to senior living communities, based in Raleigh, N.C. Its core product is FusionOS, a patented integration platform that connects new and emerging technologies and aggregates health and behavioral data across systems and applications. K4Connect also offers the K4Community Engagement Suite to improve resident engagement and staff workflows. The company says FusionOS helps operators optimize caregiver workflows, lower costs, and improve resident care; its FusionOS and Engagement Suite serve tens of thousands of residents and staff across U.S. senior living communities. K4Connect raised $8.9M in a recent financing, bringing total capital raised to $39M, and plans to use proceeds to drive further adoption in the senior living market and continue advancing its technology. The company is led by CEO F. Scott Moody and announced Mike Weller will join as COO. K4Connect builds a software platform that integrates any number of disparate smart devices, systems and applications into a single responsive system. Its initial K4-branded products, including K4Community, are specifically tailored for seniors and individuals living with disabilities. The company has focused productization around senior living and accessibility use cases. K4Connect is based in Raleigh, North Carolina. Financially, the company has raised an additional $12 million in venture funding during the pandemic period, bringing total capital raised to $35 million since the start of the pandemic. The recent funding includes participation from both existing and new investors tied to the senior-living and real-estate industries. K4Connect offers a FusionOS-based platform (branded K4Community) that bundles voice assistance, pre-provisioned Alexa devices, home automation (thermostats, lights, sensors), video and messaging, resident directories, games and community communications for senior living and care facilities. The company sells its SaaS on a per-resident basis (ranging from a few dollars to tens of dollars per month depending on modules) and includes support and facility productivity tools like event management, surveys and resident/family management. K4Connect serves over 800 continuing care, independent living and assisted living communities and has a 57-person full-time team. The product roadmap has been adjusted during the COVID-19 outbreak (Project COVID 911) to prioritize communications, content delivery, expanded video chat and pre-provisioning to limit in-room installations. The platform also supports livestreamed programming, dining booking tools and resident-to-resident and resident-to-staff video chat. The company is actively developing solutions to expand beyond facility-based communities into affordable housing and seniors living independently. K4Connect is a Raleigh, N.C.-based technology company that creates solutions to serve and empower older adults and individuals living with disabilities. It provides K4Community, a platform designed for residents, staff and operators of senior living communities that integrates smart home, smart wellness and smart living technologies into a single system. The company also develops an underlying Fusion platform/OS to unify those technologies and deliver tools and data for care and hospitality teams. K4Connect intends to use the new funding to further develop K4Community and the Fusion platform, expand its customer base, and accelerate partnerships across consumer and senior living-specific companies. It reports more than 13,000 residents across dozens of senior living communities from Florida to California as customers. The company is led by co-founder and CEO F. Scott Moody and has raised over $22M to date following this round. K4Connect provides K4Community, a responsive platform that integrates smart technologies to foster family and community engagement for senior living residents. K4Community lets residents control their apartments, connect with family and friends through photo sharing and video chats, and stay engaged via event calendars and newsletters. The platform also enables community operators to improve care and hospitality with value-added amenities. K4Connect intends to use the Series A proceeds to accelerate growth of K4Community, its first product. The company is led by co-founder and CEO Scott Moody and is based in Raleigh, N.C.

Participated · Seed · Sep 2015

Canopy provides a centralized platform that lets homeowners manage all aspects of home maintenance with a single login. Homeowners can instantly get quotes, schedule services, speak with customer service representatives, and view service history through the platform. The company is currently operating in the Raleigh, Durham and Chapel Hill areas. Canopy intends to use new funding to expand its services to Charlotte, Atlanta and other markets to be announced in the coming months. The startup closed a $1.5M seed funding round to support that expansion. The round was led by IDEA Fund Partners and Cofounder's Capital, with participation from Lowe's and Great Oaks Venture Capital. The company is based in Raleigh, NC.