Participated · Seed · Jun 2026

Founded in 2024 by CTO Oswaldo Alvarez and CEO Josh Guttman, Sellit9 operates a recommerce trade-in platform that lets consumers trade in electronics and household items for store credit and discounts. The company routes traded items to a network of over 100 refurbishers and partners with 25 merchants to resell or refurbish goods. To date, Sellit9 has helped roughly 3,900 Canadians trade over 6,000 items valued at more than $2.4 million combined. It currently employs a 14-person team and has hired Kyle Rogers as head of customer experience and operations. Sellit9 plans to expand into new categories such as luxury purses, luggage, and eyewear, and to move into the U.S. market. The startup aims to scale its merchant and refurbisher networks as it grows geographically and across product categories.

Led · Debt Financing · Sep 2025

Eruditus partners with over 80 top-tier universities, including MIT, Harvard, Wharton, INSEAD, and the University of Cambridge, to deliver more than 700 professional learning programs to over one million learners in 80+ countries. Its core offering is professional and executive education programs delivered in partnership with universities. The company says the refinancing will support continued global growth and operational scaling and provide financial flexibility to accelerate profitable expansion across international markets, according to CEO and co-founder Ashwin Damera. In FY24 the firm's operating scale grew 12% to Rs 3,733 crore and it narrowed adjusted EBITDA losses by 83.45% to Rs 69 crore (about $8.3 million). Eruditus has pursued large private financings in recent years, including a $650 million equity round in August 2021 that entered it into the unicorn club and a $150 million Series F in October last year led by TPG’s The Rise Fund. The company has also received SEBI approval for a Rs 3,820 crore IPO. Eruditus partners with over 80 top-tier universities to deliver more than 700 professional learning programs to over 1 million individuals in 80+ countries. Its offerings include certification programs, professional certificates, and workforce leadership development with strong emphasis on faculty-student engagement, course customization, mentoring, coaching, and career counseling. The company has launched proprietary AI-powered tutors for students and partnered programs and is accelerating investments in generative AI to enrich the learner experience. Demand for Eruditus’ enterprise solutions is rising, and the company reports revenue growth of 45% last year. Course completion rates for professional learners are reported at 85%. Eruditus plans to expand its business serving governments and enterprises, deepen investments in India and APAC, and pursue future acquisitions and investments to drive further growth. Eruditus is an edtech unicorn that offers programs through partnerships with more than 50 top universities and has expanded into K‑12 after acquiring Silicon Valley‑based iD Tech. The company says it provided services in over 80 countries in FY21 and reported 120% year‑on‑year growth in 2021–22, with 2.5x organic growth. Eruditus expects to clock gross bookings of $500 million for the current year and projected that its acquisition pipeline could contribute as much as 30% to top line and EBITDA within five years. Leadership has a stated mandate to deploy between $750 million and $1 billion in M&A over the next 12 months to accelerate growth and expand global footprint. Management said the company was "very close" to achieving profitability and expects to be profitable in FY23 despite aggressive M&A plans. Backers named in coverage include Accel, GSV, the Chan Zuckerberg Initiative, Leeds Illuminate, Prosus, Sequoia Capital India, Bertelsmann and Chimera. Eruditus Learning Solutions Pte Ltd offers executive learning programmes to professionals. The company is described as Mumbai-headquartered in the article. It completed a $650 million Series E financing. The round was led by Accel US and SoftBank Vision Fund II. Following the raise, Eruditus achieved unicorn status. The article notes it was the sixth Indian startup to become a unicorn that month. Eruditus operates executive education and online programmes through Eruditus Executive Education and Emeritus, partnering with recognized universities including Columbia, MIT and Harvard. The group offers management programmes, short courses and online curriculum and says it will enroll 30,000 students across more than 80 countries in the current fiscal year. Nearly half of its customers come from the US and India, accounting for 30% and 15% of customers respectively, with the remainder from Europe, Latin America and Southeast Asia. The company says it has grown threefold in the last year and expects to touch $100 million in bookings by July. Earlier it raised $2.3 million in venture debt from Innoven Capital to extend runway and delay equity funding. Eruditus plans to use new capital to expand operations into China, increase its Latin American footprint and introduce more courses in artificial intelligence and machine learning.

Participated · Seed · Dec 2024

Founded in 2021, Toronto-based Cyder began as a real-time data analytics platform for financial institutions and pivoted in 2024 to deliver a loyalty-rewards solution tailored to credit unions. Its white-label software lets credit unions launch new offers in minutes, track more than 100 reward behaviours across transactions, community benefits, one-time incentives and ongoing rewards, and leverage consent-based purchase and behavioural data to craft targeted promotions. Over 20 credit unions in Canada and the U.S., ranging from 7,000 to 500,000 members, currently use the product. By helping smaller institutions partner with local merchants and reward behaviours such as setting up retirement deposits, Cyder aims to deepen member relationships and boost assets under management. The company positions itself as a mission-driven alternative to bank-centric programs, emphasizing community engagement and localized offers. Although revenue figures were not disclosed, management cites rapid onboarding times and growing client usage as competitive advantages. Cyder plans to continue scaling its credit-union footprint while enhancing data-driven personalization features.

Led · Seed · Oct 2024

Moselle offers an AI-powered inventory forecasting, production planning, and purchasing suite tailored to small- and mid-sized e-commerce brands, centralizing sales forecasting and inventory replenishment. Its customizable platform uses proprietary machine learning to prevent overproduction and underproduction, saving merchants thousands of dollars and significant staff time. Customers have purchased over $50M in inventory value through Moselle's automation suite; the product reportedly saves brands 15 hours per week, improves forecasting accuracy by 80%, and reduces stockouts by 16% on average. Moselle was born out of the Highline Beta Venture Studio and is trusted by customers including Fable, AeroPress, and Sahajan. The company plans to further develop advanced AI to automate manual work, add automated collaboration and demand‑forecasting features, and build tools for optimizing cash flow and securing financing. The platform targets underserved SMBs that lack affordable, enterprise-grade inventory management tools.

Led · Debt Financing · Sep 2024

HungryPanda is an NYC-based overseas Asian food delivery platform connecting users with Asian restaurants and merchants. Founded in 2017 by CEO Eric Liu, the company operates in over 80 cities across 10 countries, serving more than 6.5 million users in partnership with over 100,000 merchants. It works with over 80,000 riders to fulfil orders. In 2024 HungryPanda achieved profitability while maintaining an annual growth rate of over 30%. The platform has raised over $275M to date, including a $130M Series D in 2021 to support expansion and M&A exploration. With the latest capital, the company intends to consolidate its leadership in the Asian food delivery market and explore serving a broader range of minority ethnic communities, particularly in North America. HungryPanda is an Asian food delivery platform that also offers Asian groceries under its PandaFresh brand and discounted ordering via VouchersPanda. The company operates in more than 60 cities across 10 countries, including the UK, US, Australia, Canada, France, Italy, Japan, New Zealand, Singapore and South Korea. Founded in 2017 by CEO Eric Liu, HungryPanda has expanded rapidly since launching new markets and business models in 2021. The company raised $130M in a Series D to support global expansion and strategic acquisitions. The Series D brings HungryPanda’s total funding to $220M over its last three rounds. Management intends to use the proceeds to further enhance the business globally and pursue strategic acquisition opportunities. HungryPanda runs a specialist online ordering and delivery platform focused on Chinese and other Asian customers living overseas. The company was launched in 2017 by founder Eric Liu and is headquartered in London. HungryPanda says its business has grown 30x in three years and is currently profitable in the UK and cities like New York. It employs around 500 people across 6 countries and serves 47 cities. The team says it can launch in new cities in just two weeks and plans to double headcount to roughly 1,000 with the new capital. Kinnevik highlighted opportunities to expand the product, regions and audiences as digital adoption advances. HungryPanda operates a food delivery service tailored to Chinese communities and Chinese-language users in cities worldwide. Founded in the United Kingdom with its first launch in Nottingham, the service is now available in 31 cities across the U.K., Italy, France, Australia, New Zealand and the U.S. The platform focuses on Chinese food and grocery deliveries, serves business owners, accepts Alipay and WeChat Pay, and uses WeChat for marketing. The company says its operations in the United Kingdom and New York City are already profitable. HungryPanda raised $20 million to fund hiring, product development and global expansion, with particular emphasis on growth in the United States. It has set a goal to reach an annual run rate of $200 million by May.