Participated · Seed · Oct 2024

FutureMoney is a Boston-based digital micro-investing platform that helps families invest for their children and create generational wealth. Founded in 2023 by fintech veterans Philip Barrar and Dave Fortin, the company’s signature offering is the Junior Roth IRA™, a proprietary, tax-advantaged account service that leverages 529 plans and can transition to a Roth IRA after 15 years. Accounts are held with Pershing | BNY Mellon and carry $500,000 of SIPC insurance. The company plans to use the new funding to drive user acquisition through social platforms, influencer partnerships, curated affiliates, earned media, and a double-sided incentive program. FutureMoney was selected for the gener8tor Insurance & Wealth accelerator in partnership with Allianz Life and Securian Financial. The product aims to make investing more inclusive and accessible to the average family by providing a tax-advantaged, transitionable account tailored for minors.

Led · Seed · Feb 2024

Armilla AI benchmarks and assesses third‑party AI models and then underwrites warranties that reimburse customers for model fees if the model fails to meet agreed standards. The company tests models for hallucinations, racial and gender bias, robustness, security and compliance with emerging regulations such as the EU AI Act and NYC Local Law 144. Armilla launched warranty coverage in late 2023 backed by insurance carriers and serves enterprises and third‑party AI vendors seeking a trust signal to shorten sales cycles. The firm reports roughly 10 customers (including a healthcare client using GenAI on medical records) and says customer traction has been growing ~2x month‑over‑month since Q4 2023. Armilla is based in Toronto and has 13 employees. Proceeds from its recent fundraise will be used to expand its warranty offering and introduce new products. Armilla AI is an all-in-one AI governance platform that automates model testing, validation, and monitoring across the model development lifecycle. The platform continuously runs more than 50 tests to assess robustness, accuracy, fairness, data drift, bias and other faults, and includes Armilla FingerPrint™, a validation framework that learns system sensitivities and riskiest components. Armilla centralizes transparency, auditability, and traceability, enabling executives, managers, risk and compliance teams, and data scientists to collaborate on test results in real time. Customers cited range from financial services to other businesses leveraging machine learning, using the platform to catch issues such as discriminatory credit decisions or faulty insurance pricing. The company announced its launch and $1.5M in funding to support its go-to-market and product activities. Armilla positions itself to help organizations responsibly deploy robust, trustworthy AI models and meet growing regulatory machine-learning compliance requirements through continuous stress-testing and auditable logs.