Led · Equity · May 2024

Reibus operates a proprietary independent metals marketplace that connects buyers and sellers of steel and other selected industrial metals. The company announced a $30 million financing in a mix of equity and debt from existing investors, including Canaan and Nosara, with HSBC as its banking partner. Reibus said the capital will be used to enhance its proprietary platform, expand product offerings, and renew focus on delivering service and reliability to customers in North America. The company also named Jared Rowe as CEO and Chairman of the Board to lead its next phase of growth and innovation. Rowe brings more than two decades of executive experience in technology and marketplace sectors, including leadership roles at AutoWeb, YP.com, Cox Automotive, and FordDirect. Management frames the investment as essential to meeting customer needs through continued innovation and dedicated support. Reibus is a SaaS-enabled, independent and anonymous marketplace for industrial metals and materials, founded in 2018 and based in Atlanta, Georgia. The platform uses technology to address ingrained supply-chain problems by shortening lead times, reducing inventory, and streamlining finance and freight services. For sellers the marketplace aims to maximize price-performance, expand market reach, and reduce sales and marketing expenses; for buyers it increases selection and market transparency while reducing time and investment required to procure materials. Reibus offers marketplace and mobile app tools and plans to accelerate new financial and logistical products. Financially, the company raised $75 million in a Series B that brought total funding above $100 million and valued the company at $750 million. The proceeds are intended to fund marketplace expansion, enhanced mobile tools and services, new financial and logistical products, and expansion of European operations with dedicated teams and resources. Reibus International operates a web-enabled, independent and anonymous B2B marketplace for industrial materials designed to improve the efficiency of buying and selling and inject liquidity into the industrial supply chain. The company is led by CEO John Armstrong and is based in Peachtree Corners, Ga. Reibus closed a seed equity financing of undisclosed size. Backers included unnamed venture capital funds. The company intends to use the funds to support continued growth of its marketplace. The platform focuses on connecting buyers and sellers across the industrial materials supply chain to increase transactional efficiency and liquidity.

Led · Series A · May 2024

Max Retail operates a marketplace that connects independent retailers and brands with a global network of online marketplace partners to sell excess inventory. Led by CEO Melodie van der Baan, the company enables small retail businesses to become fulfillment partners for major online retailers, reaching over 400 million consumers. The platform is designed to help retailers maximize cash recuperation by matching unsold inventory supply to global demand and providing SKU-level visibility. Over the last twelve months Max Retail increased seller payouts threefold and grew gross merchandise value sold through the marketplace fourfold year‑over‑year; 89% of active sellers sold inventory every month of Q1. The company plans to use new funding to more than double its sellers—focusing on specialty retailers and brands—and to introduce innovations including an AI-powered pricing and allocating engine and SKU-level insights. It intends to expand its sales channel network and broaden the excess-inventory solution to support the full product lifecycle and improve inventory turns for independent retailers.

Participated · Series A · Nov 2023

Safi is a waste-processing company focused on improving recycling efficiency and reducing unnecessary use of virgin materials. The company supports waste-processing facilities by enabling the sale of verified recycled materials. Its offering centers on increasing recycling efficiency and preventing unnecessary extraction of raw materials. Safi recently completed a $19.5 million Series A financing. Investors in the round include Lowercarbon Capital, Transition Venture Capital, Nosara Capital and individual investors. The fundraising was reported on November 27, 2023. TrueCircle is an AI company that deploys computer vision systems into recycling facilities to help them operate more efficiently and profitably. Its vision systems can be retrofitted in under an hour and provide live data enabling facilities to understand material streams. Facilities integrate this data into operations and existing machinery to optimize processes and recover higher quantities of valuable plastic and paper. TrueCircle's technology has been deployed into eight of the UK's largest recycling facilities, including material recovery facilities, plastic reprocessors, and paper mills. In March 2022 the company secured $5.5M in a pre-seed funding round led by Lowercarbon Capital with participation from Passion Capital, Giant Ventures, firstminute Capital and founders from Revolut, Monzo, Infarm and Unity. Expansion into European and US markets is imminent, with customers in those regions due to go live in Q2.

Led · Series D · Feb 2023

LeafLink is a New York-based provider of a wholesale cannabis B2B technology platform that enables thousands of brands, distributors, and retailers to manage operations, create, manage, pay for, and ship orders. Its marketplace currently processes approximately $5 billion in annual transactions. The company offers marketplace and operational tools spanning ordering, payments, and logistics, and intends to use new capital to expand its suite of offerings. LeafLink raised $100M in Series D funding, to be funded in two tranches. The business is also evolving its executive leadership effective February 1, 2023, with co-founder Ryan G. Smith moving to Executive Chairman and Artie Minson appointed President & CEO. Karan Gupta has joined as Chief Technology Officer while co-founder Zach Silverman will transition to a Senior Advisor role. LeafLink operates in the cannabis wholesale market. The company raised $40M from Founders Fund and other investors to cultivate its cannabis wholesale market. That announcement appears amid 2020 trends that accelerated cannabis e-commerce and digital payments, as dispensaries were often classified as essential during the pandemic. TechCrunch notes legal cannabis sales reached nearly $20 billion in the past year and are expected to top $40 billion within the next four years, highlighting market expansion. The coverage frames the funding as part of broader investment and enterprise‑level technology adoption across the cannabis industry. LeafLink Financial is a digital cannabis supply-chain financing solution launched by LeafLink to address banking and liquidity challenges for licensed cannabis operators. The platform enables brands and distributors to assign invoices for upfront payments, broadly extend net terms, receive payment via ACH, and digitally reconcile invoices; retailers gain centralized accounts payable, net terms, digital invoice dispute resolution and cash-flow management tools. LeafLink developed the product with a focus on compliance and scalability across legal cannabis markets and processes roughly $2.8 billion in orders annually—about 30% of wholesale transactions on LeafLink’s marketplace. The service is marketed as the industry’s first “liquidity as a service” offering, providing on-demand funds to licensed businesses to support supply-chain growth and stability. Leadership for the unit includes Doug Gordon, appointed Executive Vice President and Head of LeafLink Financial, who has experience providing loans and lines of credit via partnerships with banks, B2B vendors and online platforms. LeafLink operates an e-commerce wholesale marketplace that connects more than 1,200 licensed cannabis brands to over 3,500 cannabis retailers and provides vendors with order management, CRM, inventory tracking, and customized reporting. The company charges a $299 minimum monthly subscription for its software, positioning it as a vertical-SaaS startup in the cannabis industry. LeafLink says it has facilitated more than $1 billion in annualized orders and has grown to more than 65 employees. It launched in Colorado in 2016 (with Zoots as its first brand) and is now described as a New York company. LeafLink is expanding its LeafLink Financial unit — a payments and credit management solution that is live in four U.S. states — to address banking challenges in the cannabis market. The company plans to use new capital to speed its expansion roadmap, improve technology, and undertake a major recruiting effort in its New York and Los Angeles offices. LeafLink is an NYC-based online commerce platform that connects cannabis brands and dispensaries. Led by CEO Ryan Smith and CTO Zach Silverman, the company facilitates transactions between brands and retailers. Since 2016 it has handled $186M in transactions and works with 400 brands and 1,700 retailers. The platform is live in five states: Arizona, Colorado, Nevada, Oregon and Washington. LeafLink intends to use new funding to expand into California and to launch in additional states, timed ahead of California's recreational sales rollout.

Led · Series B · Nov 2021

Chiper is a Colombia-based e-commerce ecosystem that digitalizes procurement for Latin American corner stores, offering access to thousands of products with lower prices and often same-day delivery. Founded in 2018, it is the primary supplier and operating system for over 40,000 corner stores. The platform carries about 3,000 SKUs and reached 10,000 orders per day in the third quarter, and the company reported sevenfold revenue growth in the last 12 months. To date Chiper has raised more than $65 million, including a $12 million Series A in October 2020 and a recent $53 million Series B. The new capital will support expansion into Brazil, add roughly 2,000 products, launch embedded financial services, and grow the team toward 650 employees by year end. Chiper aims to reach 100,000 stores within a broader Latin American market of more than 3.7 million corner stores that together generated about $330 billion in annual revenue (projected to approach $500 billion). Chiper operates an e-commerce platform enabling independent corner stores in Latin America to grow their businesses by digitizing ordering and supply. The company has built a large branded network of digitized corner stores and serves over 3,000 customers across Colombia and Mexico. Chiper currently has a presence in Colombia and Mexico and plans to expand further within Mexico and into Brazil. The company aims to increase its active user base to over 30,000 users, targeting roughly 5% market penetration by the end of 2021. Leadership is led by CEO Jair Bonilla with co‑founders COO Oscar Sarria and CRO Carolina Garcia. The business will use new funding to accelerate user acquisition, geographic expansion and platform growth.