Participated · Series A · Jan 2018

Finexio provides an Accounts Payable Payments-as-a-Service platform embedded within Procure-to-Pay suites that automates and digitizes payments and supplier management. Its AI-driven platform optimizes payment timing and cash flow, enables payment monetization, and offers fraud prevention, analytics, and reporting. The infrastructure supports payment methods including ACH, virtual credit cards, and checks and is presented as a fully managed solution for AP. Finexio positions AP as a strategic revenue generator rather than a cost center. The company is backed by investors including JP Morgan and Mendon Venture Partners. It plans to use financing to support growth and working capital needs. Finexio provides end-to-end AP payment capabilities embedded within Accounts Payable and Procure-to-Pay (AP2P) software platforms. The company is led by Founder and CEO Ernest Rolfson. Finexio raised $35M in a Series B at a $100M pre-money valuation. The financing was intended to fund expansion of operations and broaden the company’s business reach. The company operates from Orlando, Florida and focuses on enabling AP payments-as-a-service for software platforms. Finexio is an Orlando, Fla.-based Accounts Payable (AP) Payments-as-a-Service infrastructure company powering many of the world’s largest accounts payable and procurement software platforms. The company provides white-label payment solutions and is deploying at scale across leading global procurement and AP platforms in sectors including hospitality, healthcare, higher education, manufacturing, and construction. Finexio reports a user base of 150,000 customers, $200 billion in annual B2B AP spend, and over 3 million suppliers. Its founder and CEO is Ernest Rolfson. In May 2022 Finexio closed a $10M funding round backed by Patriot Financial Partners and new investor Mendon Venture Partners. Banc of California invested in August to deepen its portfolio of product offerings, and the two companies intend to roll out an AP B2B payments and working capital offering by the second quarter of 2022. Finexio offers AP payments as a service, integrating end-to-end AP payment capabilities within AP and procurement software platforms. Led by CEO Ernest Rolfson and based in Orlando, Fla., the company focuses on enabling electronic payments and improving accounts payable workflows. It serves a customer base of 400 customers representing $4 billion in annual AP spend, and its integrated AP and procurement installed base spans over 150,000 bank accounts generating over $25 billion in accounts payable spend, much of which is still processed via paper check. Finexio plans to use new funding to expand development efforts and product capabilities. In partnership with Medalist, the company is launching an integrated Supply Chain Finance (SCF) solution designed to meet the needs of middle-market companies and improve cash flow for SMBs. Finexio provides an API used by accounts payable platforms, ERP systems, and corporations to identify suppliers that can be paid electronically and route payments without requiring bank account information. Its patent-pending technology enables customers to pay suppliers securely and quickly, eliminating paper-based checks. The company was launched in early 2017 by CEO Ernest Rolfson and is based in Orlando, Fla. Finexio completed a $4M Series A financing, bringing total funding since launch to $5M. The company will use the funds to continue to expand its sales and marketing efforts. In conjunction with the financing, payments executive Henry Dreifus will join Finexio’s Board of Directors and Steve MacDonald will join as an observer.

Participated · Series B · Sep 2017

Sixgill builds universal sensor data and automation services that help enterprises govern their IoE assets. Its flagship product, Sixgill Sense, ingests data from any sensor or gateway, pinpoints relevant intersections in noisy streams, and triggers automated, real-time responses. The platform supports IoT, IIoT and broader IoE use cases, giving developers a single environment for sensor data management, process automation and analytics without limits on data sources or scale. Sense is already deployed widely, powering applications on more than 50 million devices through a major U.S. carrier and supporting crowd-management and audience-communication solutions at large events in the U.S. and Europe. The company recently evolved from a proximity-services provider to an enterprise-grade sensor data management suite. With its Series B financing, CEO Phil Ressler plans to expand the team, grow the business, and broaden the platform’s capabilities to capture rising demand as inexpensive sensors proliferate across industries. Beyond the $27.9 million Series B, no additional revenue or prior funding figures were disclosed.

Participated · Series B · Sep 2017

Sixgill’s core offering is Sense 2.0, the next generation of its sensor data services platform built on the company’s U3 architecture, which is universal, unrestricted and unbounded in handling data types, sources, volume and velocity. The platform gives developers and product owners a flexible toolkit that includes real-time edge processing, custom rules for programmatic actions, intrinsic security features, a Geo IoE plugin for geofencing and asset tracking, and deployment across any cloud or on-prem environment. Sense 2.0 is aimed at governing IoE assets by continuously identifying what assets are available, their locations and operational states, thereby enabling automated, data-driven responses. The technology is already in production, supporting applications running on more than 50 million devices for a major U.S. carrier and powering crowd management at large events in the U.S. and Europe. Sixgill positions the platform as sensor-agnostic and highly extensible, addressing needs across IoT, IIoT and broader IoE use cases. Headquartered in Santa Monica, California, the company complements its technology with centralized administration and monitoring tools. Sixgill recently bolstered its financial footing with a $27.9 million Series B round to accelerate platform expansion and customer rollout.

Participated · Equity · May 2016

Sixgill is an enterprise proximity-services provider headquartered in Santa Monica, CA. Its flagship Sense proximity platform and associated SDK, Sixgill Reach, allow companies to capture and analyze the changing proximity of workforce, assets and customers, then trigger context-sensitive actions. The market-tested system has already processed 1.5 billion proximity measurements, delivered 25 million context-sensitive actions and assisted 4 million people. Enterprises initially deploy the service to automate messaging or actions, but longer-term value comes from accumulating migration histories that reveal behavioral insights across large populations. Sixgill’s technology stems from software originally built by Zos Communications for large-event crowd management. CEO Phil Ressler, who joined in 2015, has assembled a leadership team with experience at Google, Nokia, Oracle and other major tech firms. The company recently secured $6 million in new funding to scale sales, marketing and product development, indicating an active push toward broader commercial adoption.