Participated · Series B · Aug 2026

ShipIn provides an AI-driven operational intelligence platform for commercial shipping, converting onboard vessel data into actionable insights to improve safety, productivity, and performance. Its platform is deployed by over 90 shipowners across more than 1,300 vessels. The company raised $52 million to expand its AI platform and accelerate growth as the industry adopts more data-driven operations. Investors in the round include Proofpoint Capital, HighSage Ventures, Bling Capital, Framework Venture Partners, Tokio Marine HCC's Future Fund, Zeev Ventures, Munich Re, Atinc, Hyperplane, and Two Lanterns Venture Capital. Two Lanterns has been an investor since ShipIn’s Seed round. The company is led by Osher Perry, who was highlighted in the announcement.

Participated · Series C · May 2025

Empathy offers a loss-support platform and recently expanded into legacy planning with Empathy LifeVault, which enables creation and secure storage of legally binding estate plans and documents. The company integrates AI to improve the Care Team’s speed, accuracy, and automation while maintaining human-led support. Empathy reports coverage for over 45 million lives and handles one in five U.S. life insurance claims beyond the payout. Its offerings are distributed through partnerships with eight of the top ten U.S. life insurers and more than one thousand employers, and are available across North America, including every U.S. state and Canada. In the past four months, seven million individuals have received access to LifeVault through partners such as Aflac and New York Life. Empathy says it plans to deepen capabilities, accelerate product innovation, scale platform offerings, and expand its support ecosystem to reach more families during difficult moments. Empathy offers a bereavement-care platform that mixes AI tooling with human guides to support tasks from counseling and obituary writing to shutting down digital accounts and settling complex financial affairs. The company primarily sells via a B2B2C model through employers and insurers, which account for 99% of its business. Empathy reports some 40 million people using its platform (about 5 million employees and 35 million policyholders). The startup was founded in Israel and maintains R&D there while focusing its commercial efforts in the U.S.; it launched in the U.S. in 2021. Leadership includes CEO and co-founder Ron Gura and co-founder Yonatan Bergman. The company plans to use new funding to build more AI tools and continue its mission to “redefine bereavement care” while keeping human teams for empathetic services. Empathy offers a digital assistant that guides bereaved executors and families through practical tasks (estate paperwork, taxes) and emotional support (links to counseling and other resources). Its technology was built in Israel and the company chose to launch in the U.S. Early traction has been strong: about 250,000 bereaved executors visit and use Empathy’s services each month, and the company says it has captured a "nice, single-digit percent" of the market. Empathy is expanding partnerships with stakeholders in the end-of-life process, and to date some 300 cemeteries and 72 funeral homes refer customers to the service. The product mix includes wholly free resources as well as paid services. To support growth and keep up with demand, Empathy recently raised new capital; the company is not disclosing its valuation. Empathy combines technology and human support to provide a digital companion application that empowers bereaved families. The software streamlines end-of-life bureaucracy, minimizes tedious tasks, and automates processes involved in the administration of an estate. The team includes professionals from legal, accounting, product design, engineering, and cybersecurity, alongside grief experts who support families. Empathy launched its application on iOS and Android for users across the United States. The company intends to use its recent funding to continue expanding operations and its business reach. Empathy is led by founders Ron Gura and Yonatan Bergman and is based in New York and Tel Aviv, Israel.

Led · Series C · Oct 2019

Next Insurance is a Palo Alto, CA–based, technology-first insurer focused on small businesses. It offers easy-to-buy policies with 24/7 access to live certificates of insurance and additional insured endorsements, using AI and machine learning to streamline purchasing and reduce costs. Its products are used by over 500,000 business owners. The company raised $265M in funding to accelerate its path to profitability and expand distribution nationwide. As part of the transaction, Next entered partnerships with The Allstate Corporation and Allianz X and will provide its products to Allstate customers. NEXT and Allstate will co-develop innovative and commercial auto products targeting a market of 33 million small businesses, and the deal with Allianz Re includes a multi-year commitment that bolsters Next’s reinsurance relationship. The company is led by CEO Guy Goldstein. Next Insurance sells small-business coverage across categories such as workers’ comp, commercial auto and general liability for many classes of workers (for example, fitness businesses and construction). The company’s product and pricing approach aims to scale gross written premium (GWP) quickly by attracting many small businesses and upselling them to additional products over time. Next has made acquisitions recently, including Juniper Labs in December and AP Intego more recently, the latter having about $185 million in active premium at announcement. Next reported its GWP run rate was $100 million in February 2020 and $200 million in February 2021, and the company says its GWP doubled in the half-year after its last round; it is now north of that $200 million run rate. The firm’s valuation doubled to $4 billion with the new raise. CEO Guy Goldstein said the company is “always evaluating our options” regarding public-market paths but that the main focus remains on growing the business. Next Insurance is a three-year-old U.S.-based firm that sells insurance products to small and micro businesses. It offers a range of products including general liability, professional liability and commercial auto. The company serves more than 70,000 customers across over 1,000 unique types of businesses in the U.S., which is its only market. Next aims to be a one-stop insurance shop for micro and small business needs and targets sectors often overlooked by general insurers. Management says it will use the fresh capital to build new products and expand customer initiatives. Prior to the new round the company had raised $381 million; the latest financing valued Next at more than $1 billion. Founded in 2016, Next Insurance designs and sells digital general and professional liability insurance tailored to overlooked small-business verticals such as contractors, fitness, cleaning, beauty, therapy, entertainment, and education. The company now operates as a full-service, licensed insurance carrier in the U.S., enabling it to write policies independently and exercise greater control over underwriting, pricing, and policy configuration. Next sells instant, competitively priced policies online and plans to add further lines of insurance, on-demand coverage, and faster claims handling with a goal of paying claims within 48 hours. It intends to develop more sophisticated uses of AI and machine learning to improve the customer experience and streamline purchasing. The company will use the new funding to continue U.S. expansion and to increase headcount in both its Israel and U.S. offices. The Series B signals product-market fit and continued growth after rapid fundraising over the prior two years. Next Insurance builds customized insurance plans and distribution technology aimed at small-business verticals such as personal trainers, photographers, and contractors. It operates as a managing general agent, partnering with insurance carriers who underwrite policies while Next develops and sells its own products and earns commissions on each sale. The company emphasizes simple, transparent online purchasing: customers get quotes after a questionnaire and can buy coverage within minutes, including via a Facebook Messenger chatbot, versus traditional offline agent sales that can take weeks. Next aims to use data, technology and AI to gain deep knowledge of professions and tailor products without hidden fees or exemptions. The startup plans to expand into additional verticals and build its own insurance products using proceeds from its latest fundraise. Its founder notes that the largest incumbents own less than 10 percent of the small-business market, highlighting significant growth potential.

Participated · Series C · Aug 2019

Babylon combines AI technology and medical expertise to deliver digital health tools localized in multiple languages, including an AI symptom checker and an AI-powered Healthcheck. In some countries the company offers 24/7 access to health professionals through virtual consultations. Babylon currently delivers about 4,000 clinical consultations a day, with one patient interaction every 10 seconds. The company has announced contracts since 2017 with partners including Prudential, Samsung, Telus, Bupa and the UK’s NHS. Babylon says its model improves access to high-quality healthcare at lower cost in both developed and emerging markets. The new funding is intended to support product innovation and international expansion into the US and Asia. Babylon Health offers a digital healthcare app combining artificial intelligence with video and text consultations with doctors and specialists. It has an AI-enabled symptom checker that the company says has provided medical advice to over 250,000 people to date and has been trialled with London health authorities as an alternative to the NHS 111 helpline. The company plans to roll out AI-driven diagnosis (beyond triage) later this year and says it has curated large medical knowledge graphs and applied deep learning techniques adapted for healthcare. Dr Ali Parsa is the founder and CEO, and the company is advised by DeepMind founders Demis Hassabis and Mustafa Suleyman. Babylon says the new capital will be used to continue building out its AI capabilities and to move from triage toward full diagnosis. The company recently raised $60 million in new funding and is reported to have a valuation of more than $200 million, with sources placing it in the "right quarter of a billion" ballpark. Babylon Health operates a mobile digital health app that provides video consultations with doctors and subscription or employer-provided access. The company currently employs roughly 100 doctors to serve its users. Babylon plans to add a significant AI component to the app to pre-screen patient symptoms before users opt for text, phone, or video consultations. Founders and advisors from DeepMind are involved with the company and two of DeepMind’s founders contributed to the recent round. The startup intends to use the Series A capital to develop its AI features and to aid hiring as it scales beyond relying solely on its physician base. Babylon has not disclosed an official valuation.

Led · Series B · Feb 2019

Forge Global operates a private securities marketplace that connects investors and shareholders to provide liquidity solutions and secondary trading for private companies. Since inception the firm has completed more than $9B in transactions across nearly 400 private companies and reported three consecutive record-breaking quarters, including Q1 2021 when it completed 1,400 transactions totaling more than $730M of volume. After merging with SharesPost in 2020, Forge received FINRA approval to operate as a single broker dealer with SharesPost, strengthening its transactional capabilities. In February 2021 the company launched Forge Company Solutions, a suite for company-sponsored liquidity programs including executive liquidity, employee liquidity, tender offers and direct listings. Forge says it will use new funding to expand service offerings in the U.S. and beyond and to continue developing products and services for the private market. Founded in 2014, Forge is backed by a mix of Silicon Valley investors and global institutions including Deutsche Börse, Temasek, Wells Fargo, BNP Paribas and others. Forge Global is a trading, settlement and custody marketplace for pre-IPO securities that enables employees and investors in private companies to liquidate portions of their shares and gives investors access to late-stage private firms. Founded in 2014 as Equidate, Forge's platform lists companies such as Spotify, Lyft, and 23andMe and is backed by investors including Tim Draper, Peter Thiel, FT Partners and Munich Re. Since inception the company has completed nearly $2 billion in transaction volume. Forge is collaborating with BNP Paribas to develop and distribute a structured equity product linked to a diversified basket of private shares, leveraging Forge's technology, data, and relationships across unicorn firms. The partnership includes an equity investment from BNP Paribas and an observer seat on Forge's board for Angel Rodriguez-Issa. Forge says the initiative will launch a $1 billion series of investment products to provide institutional and high-net-worth clients exposure to pre-IPO companies. Forge Global operates a marketplace for pre-IPO securities, allowing shareholders and investors in privately held innovation firms to liquidate portions of their shares. The platform provides access to top private companies such as Spotify, Lyft and 23andMe prior to their IPOs. Led by CEO Kelly Rodriques and established in 2014, the company has facilitated over $1 billion in transaction volume across US and international companies. Forge has launched the Forge Tech30 Capped Index and the EQUIAM Private Tech30 Fund to provide diversified exposure to large private tech companies. The company says it will expand the range of services offered to companies, investors and strategic partners to broaden access to the private markets. Equidate operates an online secondary marketplace that makes privately held company shares available to accredited and institutional buyers, typically requiring $20,000–$50,000 minimum investments. The platform charges roughly a 5% commission on each transaction and employs 26 people. Equidate has played a material role in pre-IPO liquidity, handling about 40% of Spotify’s secondary trades ahead of its direct listing. The company says it is on track to transact $1 billion worth of shares this year. It has engaged with a number of high-profile private companies, including Didi, Meituan Dianping, Tencent’s music service and Xiaomi. As companies stay private longer, Equidate is positioned to support interval liquidity programs and broader secondary-market demand. Equidate operates a web-based marketplace for pre-IPO company shares that connects accredited investors with opportunities to invest in fast-growing private companies. The platform also provides a channel for employees of startups to liquidate equity. Access to the marketplace is restricted to accredited investors with a net worth over $1 million or annual income above $200,000. The company is led by CEO Sohail Prasad and recently appointed Head of Strategic Operations John‑Paul Teutonico. Teutonico previously served as Chief Administrative Officer at SecondMarket. Equidate raised a seed funding round of undisclosed amount backed by several angel and institutional backers.