Participated · Series A · May 2020

Cariloop provides an employer‑sponsored, comprehensive caregiver support platform that pairs experienced Care Coaches with a digital suite of resources for finding, booking, and paying for care. The platform is designed to reduce employee stress and burnout while improving productivity and reducing absenteeism for employers. Cariloop serves customers including Procter & Gamble, KPMG, CAE, American Cancer Society, Arthur J. Gallagher, ASPCA, and Insperity. The company has seen nearly 300% revenue growth over the last three years, achieved net revenue retention near 120%, and maintains an NPS above 80. Cariloop plans to use new financing to expand market reach to more employers and caregivers and to invest in its digital and concierge‑level offerings to drive deeper member engagement. Cariloop provides a human-powered Caregiver Support Platform that combines on-demand care coaching services with a HIPAA-compliant, cloud-based application for families to manage health, financial, and legal documents. The platform pairs families with a dedicated Care Coach to guide planning and care coordination throughout short- and long-term caregiving journeys. The company graduated from the Health Wildcatters Accelerator program in 2013 and was an early mover in this category. Cariloop intends to use new capital to accelerate national distribution, expand employer and partner programs, and build additional tools and services for integration into corporate well-being offerings. The company plans to double its team from 30 to 60 employees over 12–18 months and to quadruple the number of caregivers and families with access to its platform. The financing comes amid increased demand during COVID-19 as more employees balance remote work with caregiving responsibilities. Cariloop offers a web-based search wizard and marketplace that matches seniors and their families to nine types of care facilities, from independent living to memory health and hospice. The service targets tech-savvy adult children who help make care decisions and is modeled on consumer comparison sites. A mobile app is in development and the platform is currently available only in Texas, with expansion contingent on demand. Cariloop launched a beta one year ago and went live within the past six months; it has 10–12 staff and has signed on about 250–300 providers with a long-term goal of 1,500. Its provider funding model charges providers only after Cariloop brings them customers. Michael Walsh is co-founder and CEO.

Participated · Series B · Nov 2019

DataCubes offers the d3 Underwriting™ software platform, which applies machine learning and artificial intelligence to analyze semi-structured insurance submissions and over four billion objects in its data lake. The platform is designed to optimize underwriting workflow processes for SMB and middle-market risks across standard commercial and specialty lines. The company said it will use new funding for research and development and to expand its team, targeting the addition of 50 employees in 2020. Customers named in the article include The Hanover, Selective Insurance, RLI, Columbia Insurance Group, Penn National Insurance, Tangram, WCF Insurance and Synergy Coverage Solutions. DataCubes was founded in 2016 and is based in Schaumburg, Illinois. It closed a $15.2M Series B to support those growth initiatives. DataCubes offers the D3 data science platform that leverages machine learning and AI to analyze sources such as unstructured text and images to generate underwriting insights. The platform enables carriers to accurately quote commercial insurance policies by asking customers a few questions and by scoring external data to prioritize applications. D3 eliminates paperwork and automates underwriting while providing a holistic view of risk through analysis of internal and external data. The company is led by Kuldeep Malik (CEO and co-founder) and Harish Neelamana (Chief Product Officer). DataCubes completed a $2.5M Series A financing to support its growth. It intends to use the funds to extend platform capabilities to additional lines of business and to scale sales and marketing efforts.