Participated · Series C · Oct 2018

ExecOnline delivers applied-learning leadership development programs to enterprise clients via a proprietary online platform and partnerships with elite business schools. The company reports participant completion rates above 90%, strong NPS scores, and measurable ROI for clients. Its platform combines on-campus engagement dynamics with scalable online delivery to serve corporate executives. ExecOnline has delivered transformational learning experiences to leaders at over 500 global organizations since 2012. The company plans to invest in sales and marketing, expand its content Experience Library, and enhance its technology platform to accelerate growth. ExecOnline develops and delivers enterprise leadership development programs combining in-person training with online learning, covering strategy, innovation and change, leadership, and operations and finance. Its portfolio includes proprietary offerings and programs run with elite schools such as Berkeley, Columbia, IMD, MIT, Wharton, and Yale. The company has delivered leadership development experiences to more than 250 organizations and 12,000 business leaders, with customers including over 250 corporations, mainly in the Fortune 1000. Founded in 2012 and led by CEO Stephen Bailey, ExecOnline operates from New York City. The company plans to use new funding to further develop proprietary L&D program offerings and to increase sales and marketing efforts. ExecOnline is a NYC-based provider of online leadership development programs that partners with business schools including Berkeley-Haas, Columbia, IMD, MIT-Sloan, Wharton, and Yale. Its university-certified programs cover leadership, strategy, innovation, and operations and combine on-demand video lectures, self-paced application exercises, and live online collaboration with faculty and a global community. Founded in 2012 by CEO Stephen Bailey, the company has delivered leadership development experiences to more than 150 organizations and 7,000 business leaders. ExecOnline intends to use the Series B proceeds to extend sales and marketing capabilities and to grow its suite of enterprise-focused online leadership development offerings. The company works with enterprise clients to tailor dynamic content to corporate objectives and focuses on measurable organizational impact. ExecOnline delivers school-certified online executive education programs in partnership with elite business schools such as MIT Sloan, Columbia Business School and Berkeley‑Haas. Its core product is a proprietary enterprise learning platform featuring on-demand HD video lectures, self-paced application exercises, and live video collaboration with professors and executive peers. The company powers programs that are school-certified and delivered to corporate cohorts. Over 1,000 executives from approximately 70 companies were committed to attending programs with UC Berkeley‑Haas and Columbia, and nearly 400 executives from 35 countries participated in Fall 2014 programs. Led by founder and CEO Stephen Bailey, ExecOnline plans to use new funding to improve offerings, enrich its platform, establish additional business‑school partnerships, expand sales and marketing, and scale operations. ExecOnline offers an end-to-end online executive training platform that partners with top 10 business schools to deliver branded curriculum and interaction with business school professors. The service lets executives complete training from their desks without traveling to campus. It targets Fortune 500 companies that typically send executives to immersive programs at schools like Harvard. Founder Stephen Bailey says the product solves the staffing crunch companies face when executives are away for extended on-campus programs. The startup raised $800,000 in seed funding from The Washington Post and has two companies signed up so far. ExecOnline is slated to go live in January and does not yet have a website; competitors mentioned include degree-focused providers like 2U and platform providers like Moodle.

Participated · Series D · Sep 2017

Truveris operates a proprietary technology platform that replaces traditional PBM contracting and renewal models by creating a transparent, dynamic competitive marketplace. The platform drives savings on pharmacy pricing and improved contract terms while providing ongoing analysis of 100% of claims to ensure contract compliance and program optimization. Truveris serves self-insured employers nationwide with comparative procurement, deep insights, and member engagement solutions. The company plans to continue evolving its platform to further transform and reduce pharmacy spend for employers and plan members. The recent financing is intended to support Truveris’ next stage of corporate development and operational growth. Truveris emphasizes its independent, data-led approach to delivering PBM pricing transparency. Truveris offers a cloud-based analytics platform that aggregates data across the pharmacy ecosystem to deliver cost savings, patient access, and affordability solutions for employers, unions, government entities, manufacturers, retail pharmacies, and consumers. Its TruBid® solution enables clients to understand and shop PBM contracts, perform continuous bill review, and has driven an average cost reduction of 11% for customers. The company works with more than 350 customers, including nearly 30 labor unions, and supports over 25 pharmaceutical brands on patient access strategies. Truveris also operates the OneRx consumer app that helps insured and uninsured users research drug and pharmacy pricing. The platform was credited with saving the State of New Jersey $1.6 billion on prescription drug benefits. The company says the new funding will accelerate growth and expand availability of its platform across the prescription benefits market, a $450 billion industry. Truveris provides prescription-payments auditing software that uses an index of drug costs to check billed prices against pharmacy charges. The company launched its first product in 2009 and later introduced TrueBid, a marketplace for buyers and sellers of pharmaceutical payment plans. TrueBid is described as an “eBay for prescription benefits” and is aimed at improving bidding workflows and transparency for pharmacy benefits managers. Truveris is rolling out a reporting service for benefits managers that combines data warehousing and customized reports, planned for launch in the fourth quarter. The company serves about 200 customers representing 30 million members and its software processes 300 million claims annually, covering roughly 10% of U.S. drug spend. The recent financing was raised to support the rollout of these new products. Truveris builds cloud-based software (notably TruBid and TruGuard) to help payers, brokers and employers negotiate with PBMs and verify prescription-claims billing in real time. Its TruBid product automates RFPs and reverse auctions to PBMs, helping payers drive up to 12% savings annually, while TruGuard catches billing errors prior to payment. The company reports serving 11 million participants and has reviewed more than 100 million claims through its platform. Truveris says its solutions enforce standard contract terms, ensure pricing definitions and support CMS guidelines for Medicare-eligible pharmacy benefits. Founded in 2009 and based in New York City, Truveris plans to use new capital to expand its development and operations teams and to reach government entities, health insurers, self-insured corporations and unions across the U.S. The company has recruited industry veterans with prior executive roles at major health-plan and PBM organizations to support growth and product deployment. Truveris operates a scalable, automated claims-analysis engine that audits prescription claims for cost accuracy, member cost share, eligibility, fraud, SOX and RDS compliance, and other health analytics. Its service allows payers to verify and pay Pharmacy Benefit Managers only for correctly priced and adjudicated claims prior to payment. Since being founded in 2009, Truveris has reviewed more than 100 million prescription claims and attracted 30 customers. The company will use new funding to expand product development and field operations targeting government entities, health insurers, self-insured corporations, and unions across the United States. Management highlights a large market opportunity: every two weeks invoices for over $12 billion in prescription claims are paid without review, and roughly 5% are inaccurately billed. The team includes talent from University Health Plans, Hewitt, Fairview Pharmacy Services, and Bioscrip.

Participated · Equity · Nov 2016

Invincea's flagship product, X by Invincea, is a machine-learning next-generation antivirus that combines deep learning, behavioral monitoring, and isolation in a single lightweight agent. The product is consistently rated at the top in malware detection by multiple third-party testing institutions and received high marks in Forrester's Endpoint Security Wave. Tests cited in the release highlight strong detection and prevention effectiveness and low latency (detection within 20 milliseconds in third-party testing). Invincea says X stops known, unknown, and file-less malware as well as ransomware and spear phishing without relying on signatures. The company serves customers across healthcare, financial services, government, state and local, and education sectors. It raised capital to accelerate growth across major industry verticals and scale the business around X by Invincea. Invincea provides a desktop security software suite and a threat intelligence appliance that protect networks by moving applications that render untrusted content into controlled virtual containers which detect and terminate threats in real time. Its technology is designed to stop all types of threats directed at end-users, including zero-days. Led by Founder and CEO Anup Ghosh, the company recently acquired Sandboxie, a globally deployed competitor in the virtualized containment market. Invincea has launched Invincea FreeSpace™ for Small Business and serves nearly 10,000 organizations worldwide across industries such as energy, oil and gas, high tech, financial services, healthcare, retail, transportation, defense and government. The company is pursuing global growth and expansion into the small business sector. It raised $16m in Series C equity financing to support these plans. Invincea provides malware threat protection via application virtualization, moving applications that render untrusted content into controlled secure virtual environments. Its platform automatically detects and terminates threats in real time, including zero-days. The company raised $5.1M in growth capital from Harbert Venture Partners, Grotech Ventures and New Atlantic Ventures. Invincea intends to use the funding to expand its sales, engineering, and marketing teams and to grow its presence across highly targeted corporate environments. Target verticals cited include oil and gas, high tech, financial services, defense, healthcare, pharmaceuticals and energy. The company was founded by CEO Anup Ghosh and has recently appointed several sales and client-services executives, including Christopher Smith as World Wide Vice President of Sales and Rob Cahill as Director of Federal Sales.

Participated · Equity · Aug 2016

BrandYourself offers online reputation-management tools that help users build personal websites, social media profiles, and other content to improve what appears in search results and suppress negative items. The company is expanding its product lineup to detect and prevent social-media pitfalls in real time and to help users scrub risky historical content. To do this it is building a “layer of context” using human-supervised machine learning to judge whether content is appropriate for a given person and situation. Examples include catching potentially damaging remarks as they are made and flagging old posts that could harm a user’s professional prospects. BrandYourself has grown to an 80-person team and is profitable, though CEO Patrick Ambron said current cashflow is insufficient to invest as aggressively as he would like. Ambron previously pitched on Shark Tank and declined funding there; if the new product direction resonates, he may pursue a larger raise. Founded in 2009 by Syracuse University classmates Pete Kistler, CEO Patrick Ambron and Evan McGowan-Watson, BrandYourself.com offers a do-it-yourself platform to help users manage their online search results. The solution is designed to simplify the search engine optimization process so non-experts can influence what appears when they are Googled. Target users mentioned include job applicants, small business owners, professional service providers and other professionals. The company is based in Syracuse, NY. The article reports the company raised $1.2M in a Series A financing. No operating metrics or detailed plans for the capital were provided in the article.

Participated · Series C · Aug 2016

Yieldbot operates a digital marketplace that captures real-time consumer intent in premium content to connect brands with active buyers. Its platform leverages real-time data and header-bidding media across more than 1,000 websites. The company’s targeting technology does not use cookies and relies on first-party data relationships. Led by CEO Jonathan Mendez, Yieldbot maintains offices in Bentonville, Boston, Chicago, Los Angeles, Minneapolis and Portland. The company plans to use new funding to expand sales and marketing across the U.S. and accelerate product development for mobile and video. It is also exploring strategic acquisition opportunities to broaden its product offerings. Yieldbot provides real-time consumer intent data to digital marketers, enabling premium publishers to access keyword and cost-per-click budgets across Search, Social, Shopper and Mobile Marketing. The company is led by CEO Jonathan Mendez and operates from New York City and Boston. Yieldbot closed an $18M Series B to expand its operations. It intends to use the funds to further develop its real-time data and ad-matching technology, bolster its U.S. sales force and add technical and executive professionals. The company’s product focuses on matching real-time intent signals to advertising demand for publishers. The Series B underscores a push to scale both product and commercial teams. Yieldbot, based in Boston, MA, is developing a real-time intent marketplace that connects advertisers with consumer intent signals flowing through publisher sites. Its technology offers premium keyword inventory and real-time matching of consumer intent to publishers, giving advertisers access to intelligence on visitor site-session intent and a direct connection to search and keyword buying budgets. The company partners with leading media properties including Meredith, Rodale, Remedy Health, BlogHer, BabyCenter and Internet Brands. Yieldbot is led by CEO Jonathan Mendez, CTO Rich Shea and Chief Data Scientist Soren Macbeth. The business is focused on building this new advertising channel and improving advertiser performance through real-time matching. Financially, the company completed a fundraising round (see deal details) to support these efforts.