
New Capital Partners
2101 Highland Avenue South, Suite 700, Birmingham, Alabama, 35205, United States
Overview
New Capital Partners is an Alabama-based private equity firm that manages private equity and economic development funds.
- Total investments
- 6
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- DotCom
Led · Series A · Sep 2021
DotCom is a pediatric teletherapy provider led by founder and president Rachel Mack Robinson, delivering mental health, behavioral, speech and occupational therapy to children. The company is based in Madison, WI and serves healthcare and educational organizations across the nation. It currently provides services for over 400 schools and health systems in 38 states. DotCom has a proprietary technology platform called Zesh that it uses to deliver and manage teletherapy services. The company intends to use the Series A proceeds to advance Zesh’s features and functionality, grow its school customer base, and scale partnerships with providers and payers. The financing is positioned to support product development and nationwide growth initiatives.
- Huddle Up
Led · Series A · Sep 2021
Huddle Up, formerly DotCom Therapy, is a Denver-based pediatric digital health company that supports the growth, development, and mental health of children and adolescents across the United States. The company brings together providers, families and educators to create a circle of support that enables greater engagement and outcomes than traditional in-person offerings. Its services are available in all 50 states and are accepted by more than 25 insurance plans. Huddle Up also serves schools in diverse regions throughout the nation. Led by CEO Dr. Omar Dawood, the company aims to expand its reach further. Following a Series C raise, Huddle Up plans to deploy capital toward that expansion. Founded in 2015 by Rachel Mack Robinson and Emily Purdom (Purdom is no longer involved), DotCom Therapy provides fully online speech, occupational and behavioral therapy and partners closely with K–12 school districts and youth programs. The company has partnered with more than 400 schools across over 100 districts in 38 states and employs about 200 W-2 therapists, with roughly a 97% employee retention rate and about 90% customer retention. DotCom offers a service-oriented model that embeds therapists into school workflows, handles scheduling and tracking, and uses a proprietary calculator to size therapist deployment. The company also runs Zesh, a program that matches families with therapists, schedules visits and hosts video calls, and plans to expand services for private families and health systems. With loosened telehealth reimbursement and geographic rules during COVID-19, DotCom views teletherapy as a growth opportunity and aims to expand into all 50 states and into health-plan-based private care.
- Volly
Participated · Series B · Sep 2020
Volly is a Boston-based provider of a cloud-based SaaS platform and creative marketing services for the financial services and mortgage industry. Its Volly Portal Platform integrates CRM, marketing collateral, borrower journey campaign management, portfolio retention programs, point-of-sale application and transaction management, custom websites, and both digital and print marketing capabilities. The company pairs its platform with industry-leading creative marketing services used by many top mortgage and banking industry leaders. Volly was named a HousingWire 2020 HW Tech100 Mortgage technology company. Financially, Volly closed an $11 million Series B growth equity round in September 2020. Management says the capital will help expand Volly's capabilities and enhance its value proposition and service to clients.
- Gravy
Led · Seed · May 2018
Gravy runs a live, nightly mobile game-show in an iOS app that mixes a Price Is Right mechanic with a QVC-style shopping experience, unveiling products at 8:30 PM ET and letting price fall until items sell out. Hosts (typically local comedians) present products while players can buy at discounts that reach roughly 30–70% off; a side guessing game lets users predict sell-out price/time for a chance at a cash split (roughly $200–$300 total). At least 20% of sales are donated to charity, and about half of featured products have been donated by brands (23andMe, 3D Doodler, Tapplock among them) while Gravy subsidizes the rest. The company is not yet charging brands for the ad opportunity, instead prioritizing audience growth. Early usage metrics the company cites include 600+ players nightly, 15% week-over-week growth, and about half of sign-ups returning to watch roughly three shows per week. The team is under 20 people and is based in Madison and Minneapolis; Gravy raised $2.1M in seed funding earlier in the year.
- Teladoc
Participated · Equity · Sep 2014
Teladoc provides 24/7 access to affordable, non‑emergency medical care through a directly managed network of U.S.‑based, board‑certified physicians via phone, secure online video, a mobile app and HealthSpot walk‑in kiosks. Founded in 2002, the company serves 8 million members and performs more than 250,000 consults annually, and is targeting over a quarter‑million consults in the current year. Teladoc reports it has doubled revenue in each of the last two years, maintains an average physician callback time under 16 minutes, and achieves a 95 percent patient satisfaction rate. The company is the first telehealth provider to receive NCQA certification for its physician credentialing process, scoring 100 percent. Teladoc says it will use new funding to develop new products and services, expand into new markets and distribution channels, and pursue strategic partnerships and targeted acquisitions. Its services are used by large employers and insurers including Blue Shield of California, Highmark, Rent‑A‑Center and T‑Mobile. Teladoc provides 24/7 telehealth consultations to health plans, employers, unions, associations and consumers, connecting members to U.S.-based, board-certified physicians by telephone or secure online video. Upon requesting a consultation patients receive a callback in an average of 22 minutes, and sessions cost $38 or less. Each consultation includes a comprehensive review of the patient’s electronic health record; physicians treat a variety of conditions and may prescribe medication when appropriate and can, with approval, send records to the patient’s primary care physician. The company reports more than 3 million members and a 97 percent patient satisfaction rate, and its physicians meet or exceed National Committee for Quality Assurance standards. Teladoc says its service reduces utilization of costlier alternatives like emergency rooms and urgent care and improves employee productivity. The company plans to partner with Kleiner Perkins Caufield & Byers to leverage the firm’s company-building expertise as it scales. Teladoc operates a nationwide network of licensed, board-certified primary care physicians delivering on-demand telehealth visits. Physicians access members' CCR-compliant electronic medical records to remotely diagnose and treat minor non-emergency medical problems. The Teladoc model is designed to manage a significant portion of non-emergent cases and to resolve routine medical issues faster and at lower cost than urgent care, emergency departments, or physician offices. The company reports average physician access in less than 30 minutes and a 97% approval rating from member patients. Teladoc announced a $4M investment to fund its next phase of growth and expand its market-leading position. Management plans to leverage investor relationships and expertise to accelerate growth and remove barriers to patient care. TelaDoc operates a national network of board-certified primary care physicians delivering telehealth consultations on demand, 24 hours a day, 365 days a year. Founded in 2002 and based in Dallas, Texas, the company connects patients with physicians via telehealth services. The company intends to use recent funding to support its next phase of growth. CEO Jason Gorevic said the funding will help enhance the primary care physician–patient relationship. He added the company aims to create meaningful and measurable change in the quality and cost of health care for millions of Americans. The article does not disclose revenue, user counts, or other operating metrics.