Participated · Series C · Jan 2020

Enlace Health, formerly Aver, delivers an end-to-end, extensible solution designed to bridge technical silos and enable payers, providers, and patients to operate within a Triple‑Aim-focused healthcare model. The Enlace platform operates in the background without disrupting existing systems and supports retrospective, prospective, and complete‑risk programs. The company emphasizes a continuous “Design, Analyze, Implement, Administer” process and leverages deep client partnerships to drive product innovation. Enlace positions its offering as the infrastructure needed for value‑based care and to solve delivery and economic challenges in healthcare. The firm announced a $58‑plus million investment to accelerate scale and deployment of the Enlace Health brand. The rebrand and capital are intended to support organic growth, strategic partnerships, and further product and service expansion as market acceptance grows. Aver offers a tech-enabled platform to design, analyze, implement, and operationalize episode-based bundled payment and value-based care contracts for payers and large health systems. The product emphasizes administrative simplicity, high configuration flexibility, automated analytics and reporting, real-time patient-journey monitoring, and a HITRUST-certified enterprise infrastructure. Aver reports customers have seen more than 20% savings in medical spend and over 40% reduction in complications in bundled programs. The company plans to scale operations and expand platform capabilities to better support payer customers in executing bundled payment and value-based programs. Aver positions itself as a leading provider of analytics, network services, and administrative capabilities to ease the transition from fee-for-service to value-based contracts. Aver offers the Aver Cloud suite and a patented data management platform that builds and administers bundled payments around episodes of care, with analytics and reports to measure performance in fee-for-value models. Its tools support commercial, Medicare, and Medicaid plans as well as health care providers, enabling creation, management, insight, and payment processing for value-based programs. The company says it has seen very strong growth driven by accelerated adoption of bundled payment solutions among leading health systems and payers. Aver cites strong 2015 results and anticipated growth in 2016 as factors behind its recent financing. The funding is intended to help scale operations, expand platform capabilities, and grow market share as the healthcare sector shifts toward value-based reimbursement. The company emphasizes its role in helping customers adapt to payment models tied to cost and quality.

Led · Equity · Feb 2019

IUNU develops the LUNA platform, which combines machine vision, automation, AI, plant science, and people to help future-proof greenhouse operations. LUNA delivers plant-level visibility, automated labor analysis, and real-time crop steering and forecasting for high-value vine crops such as tomatoes, cucumbers, and peppers, and integrates with growers' control and ERP systems. The platform increases plant sampling from 0.016% to 10%, improving forecasting accuracy, automating labor quality management, and providing daily compartment-level insights to optimize crop health and quality. IUNU operates in more than 100 facilities across 18 countries and reports 330% growth in its vine-crop segment. The company plans to use new funding to expand into high-value markets across North America and Europe and to grow its commercial and engineering teams to accelerate adoption of LUNA. IUNU has established market share in leafy greens, partnerships with major North American ornamental growers, and is headquartered in Seattle with offices in Ontario, Canada, and the Netherlands. IUNU develops the LUNA robotic system that moves along greenhouse roofs and uses computer vision to detect problem areas and harvest-ready spots. The system reduces the need for manual scouting as farms scale and is well-suited to greenhouse track deployment. IUNU says it works with a quarter of U.S. greenhouse leafy-green growers and claims to have the largest production dataset in the industry based on existing deployments. The company employed 60 people at the time of the article, a 50% headcount increase over the prior six months. In September IUNU acquired Artemis (formerly Agrilyst) to bolster its data-collecting capabilities. The company plans to use new funding to expand its global footprint and increase R&D on new products. iUNU is an industrial computer vision company that provides precision agriculture solutions to indoor growers. Its LUNA platform connects plants, facilities, and people through a single interface and converts commercial greenhouses into precise, predictable, demand-based manufacturers. LUNA combines mobile and fixed high-definition cameras with environmental sensors to measure and record metrics down to the real-time growth rate of each plant. The software uses computer vision and machine learning to build detailed models of individual plants throughout the day and to detect minute changes in plant health. Growers use the platform for crop monitoring and forecasting, space utilization, labor planning, and to increase pricing leverage for sales teams. Founded in 2013 and based in Seattle, WA, iUNU announced a $7M Series A financing led by S2G Ventures and Ceres Partners. iUNU develops LUNA, an AI system that uses autonomous rail-mounted cameras and canopy-level sensors to monitor plants, detect small changes, flag potential problems, and recommend specific actions. LUNA runs on computers and mobile devices and is offered as a system-as-a-service, with iUNU installing and maintaining the system for customers. The company began by developing energy-efficient plasma grow lights and embedded its AI into those lights before customers prompted a standalone LUNA offering; it spent three years developing and testing the system in large commercial greenhouses. iUNU plans to expand its platform to modernize greenhouse operations and make growing more like data-driven manufacturing. The six-year-old, 35-person company has clients across nine U.S. states and two provinces in Canada and maintains additional offices in San Francisco and San Diego. Management cites roughly 20% year-over-year growth in the greenhouse industry as a driver of demand for its product. iUNU develops LUNA, a computer vision and machine-learning platform for commercial greenhouse operations that continuously builds detailed models of individual plants. The solution uses high-resolution and 3D imagery plus real-time bioinformatics to monitor changes in plant health throughout the day. After three years of development and testing in large-scale commercial operations, the company positions LUNA as unique in tracking individual plants among millions. iUNU was founded in 2013 and is based in Seattle, with additional offices in San Francisco and San Diego. The company intends to use newly raised funds to continue expanding its operations.

Participated · Seed · Nov 2018

OROS combines materials science and apparel design to create SOLARCORE®, an aerogel-based insulation technology invented through iterative engineering and patented starting in 2015. The company turned its material into a new lightweight insulated fabric that launched in 2022 and incorporates a suite of patents and exclusive rights to underlying NASA IP. OROS plans to debut the material in a new performance apparel collection and expand products built around the technology. The recent capital will fund further refinement of the material, development of new apparel products, and construction of a U.S. manufacturing facility. The planned manufacturing line outside Boston will convert recycled fiber into a novel thermal performance fiber and enable 3D engineered knitting, custom machinery, and a consolidated domestic supply chain. Founders Michael Markesbery and Rithvik Venna lead the company alongside a technical team including CTO Jeff Nash. OROS develops and integrates Aerogel-based Solarcore insulation—derived from NASA space-shuttle and Mars Rover technology—into consumer outerwear to enable delayering. Solarcore is breathable and maintains thermal performance under compression and when wet, allowing garments to be thinner and more flexible than traditional goose down. The company positions its products as technical performance apparel that outperforms traditional insulations. OROS launched a winter 2018 outerwear line and is using recent investment to accelerate demand for its products. The firm reports 300% year-over-year growth and has received several million dollars in venture-capital backing. It has also partnered with Silicon Valley Bank for inventory financing and was co-founded in 2013 by Michael Markesbery and Rithvik Venna. Oros Apparel builds aerogel-insulated outerwear using a patented form of aerogel called SolarCore™. The company expanded from a Kickstarter-launched parka into a broader product line including quarter-zips, beanies, fleeces, vests and a more extensive outerwear range. It has begun licensing and distributing SolarCore to other brands, including Cabela’s for use in footwear. Oros reports global sales in over 47 countries and has signed an international distribution deal with a South Korean distributor. To manage international logistics and supply chain it is working with FedEx. The company has also entered a financial relationship with Silicon Valley Bank. Oros closed a $2M seed round backed by investors in Beijing and the U.S.

Participated · Series A · May 2018

PriorAuthNow operates an integrated real-time prior authorization network that directly connects providers and payors and integrates with provider EHRs and payor case management systems. The platform enables "intelligent collaboration" to remove manual workflows, reduce back-and-forth, and accelerate time to decision and care. The company manages $61 billion in Provider Net Patient Revenue and reported over 300% growth in the past year. In a study cited by the company, clinical staff effort on prior authorizations was reduced by 91% (from 45 minutes to four), 25% of requests required no human effort, and overall turnaround time improved by 6.7 days. PriorAuthNow plans to use new funding to expand its network to additional providers and payors and to grow its team to meet rising market demand. The company recently announced a strategic alliance with Availity to help solve prior authorization at scale. PriorAuthNow provides an electronic prior authorization (ePA) SaaS solution that enables providers and payers to submit, monitor and complete prior authorizations and integrates with EMR systems and insurance carriers. The platform eliminates phone calls, faxing, and multiple payer portals to reduce administrative burden and improve patient care. In 2018 the company launched software with large provider clients in several states and currently serves 39 hospitals and health systems with more than 1,600 unique active users. Since the start of 2018 it has reduced turnaround times of client authorizations by more than 25 percent, and Q1 data shows 45 percent of requests requiring a decision were resolved within one business day. The company reported substantial revenue growth in 2018 and said it expects to triple revenue in 2019. Funds from the investment will be used to expand the team and advance operating capabilities, and the company expects to more than double staff in 2018. PriorAuthNow provides a secure software platform that simplifies how EHR systems connect with insurance carriers to submit, monitor and finalize prior authorizations. The platform is designed to eliminate lengthy phone calls, reduce the need to visit multiple payer sites, and avoid filling out many different authorization forms. The company is led by co-founder and CEO Joe Anstine. PriorAuthNow intends to use recently raised funds to expand its team and accelerate rollout of the platform to some of the largest hospital systems in the US. The product focuses on automating prior authorization workflows across the healthcare landscape. The company is based in Columbus, Ohio.

Led · Seed · Feb 2018

SafeChain offers SafeWire, an integrated title management software that leverages blockchain and a unique multi-factor authentication mechanism to enable rapid title-related transactions. The company is led by CEO Tony Franco and targets title agents with tools to secure and streamline closings. SafeWire is designed to facilitate 30-second real estate transactions through its authentication and workflow features. SafeChain intends to use recent funding to expand its sales team, develop additional products, and execute on customer partnerships. The article does not disclose revenue or user metrics. The company is based in Columbus, Ohio.