Led · Series A · Apr 2021

RAKwireless Technology provides LPWA end-to-end solutions and tools to simplify IoT connectivity for innovators and commercial enterprises. Launched in 2014 and led by CEO Ken Yu, the company develops infrastructure and edge devices to support connected deployments. It has partnerships with Apple, Amazon, Alibaba, Tencent, and Microsoft and operates from headquarters in Shenzhen with R&D centers and offices in Xi’an and Beijing. The brand reports reach across Asia, Europe, the Americas, Australia and Africa. With the newly closed $10M Series A, RAKwireless plans to advance production of high-performing infrastructure and edge devices and further market its IoT initiatives. The company also intends to build a one-stop service factory, including assembly, to support customers from prototyping to commercial launch.

Participated · Series B · Nov 2019

Huma is a London-based global healthcare AI company led by founder and CEO Dan Vahdat. It provides a modular, cloud-agnostic platform offering no-code configuration of regulated disease management tools, a library of pre-built modules, device connectivity, APIs, and a marketplace. The platform can host and deploy diagnostic and predictive AI algorithms and supports integrations to advance digital-first care and research. Huma's platforms are used by more than 3,000 hospitals and clinics, with over 35 million screened users, 4 million registered healthcare users, and support for over 800 studies covering about 1 million participants. With this Series D, the company is launching the Huma Cloud Platform, a technology ecosystem to support its digital health initiatives and enable others to launch and scale projects. Huma intends to use the funds to expand operations and its business reach and has now raised over $300 million to date. Huma offers a modular platform that supports digital 'hospitals at home' and decentralized clinical trials by combining real‑time smartphone and wearable data, predictive algorithms, digital biomarkers, and real‑world data. Its app lets clinicians monitor patients' symptoms and vital signs remotely and supports medical research and virtual trials. The company says its 'hospital at home' solution was deployed across 100+ clinics in Germany in a single day. Huma has raised more than $200 million in venture funding to date from backers including Bayer, Samsung and Sony. Founded in 2011 as Medopad by Dan Vahdat and Rich Khatib, Huma says the coronavirus pandemic accelerated progress on its virtual trials. The company plans further U.S. expansion and to act as an extended digital‑health arm for partners such as AstraZeneca. Huma Therapeutics operates a predictive healthcare platform that combines a proprietary predictive algorithm, biomarkers, and real-world data to deliver modular 'hospital at home' services and enable decentralized clinical trials. Its platform is reported to double clinical capacity and reduce hospital readmission rates by one-third. The company plans to scale its 'hospitals at home' offering in the UK and to support large decentralized clinical trials for pharmaceutical and research customers across the US, Asia, and the Middle East. The recent funding is intended to accelerate product rollout and research efforts. Huma was founded in 2011 by Dan Vahdat and Rich Khatib. Medopad builds AI-based methods to create and track digital biomarkers using apps, wearables and advanced sensors, working with pharmaceutical and tech partners to deliver end-to-end solutions. The company is developing biomarkers and therapeutics related to heart health in collaboration with Bayer and is also working on diagnostics for Parkinson’s, Alzheimer’s and diabetes. Medopad has partnerships with Tencent for AI engine development and with teaching hospitals (including the Royal Hospital, Wolverhampton) for clinical trials such as tracking aortic stenosis. It is collaborating with Janssen on at-home cognitive tests to track early signs and progression of Alzheimer’s. Medopad emphasizes that patient data is collected with consent, anonymized when shared, and does not leave the country where it is collected; the company positions its algorithms and methods as its primary asset. Last year it signed deals totaling about $140 million with a group of Chinese firms, including Tencent, Ping An, and Chinese divisions of GSK and Johnson & Johnson. Medopad provides a platform for data capture and to improve communication between patients and healthcare professionals, powered by AI and machine learning to encourage proactive care and earlier detection. The company is London-based and says its technology helps make more people proactive and improve early detection rates. Medopad reports 400% year‑on‑year growth in the value of its projects since 2015. It has partnerships with technology and healthcare organisations including Tencent, HP, the NHS and Johns Hopkins University, and has secured about £100 million in partnership deals with companies including Tencent. Medopad plans to use new funding for global growth and intends to create 500 new jobs in the UK by 2020. The business has also appointed Stuart Fletcher (former BUPA CEO) and Simon MacKinnon (chairman of Sinophi Healthcare) as non-executive directors.

Participated · Series C · Jun 2018

Aaptiv is a Netflix-style app that connects users to trainer-led indoor and outdoor fitness and wellness sessions, typically requiring no special equipment. The company has passed 30 million classes consumed (up from 22 million in May last year) and reported organic traffic up 100% and engagement up 200% amid the coronavirus outbreak. Aaptiv is not yet profitable but is nearing break-even. Last year it launched an AI-based service called Coach to provide more personalized workout recommendations while retaining human trainers. Recently the company introduced an Enterprise channel delivering classes via API and has partners including FitReserve, Weight Watchers and Audible; it says it is receiving inbound interest from multiple verticals and employee-wellness programs. Aaptiv has about 20 trainers on staff after prior layoffs and has raised more than $60 million to date; the new funding will be used to expand the Enterprise offering. Aaptiv provides on-demand, audio-based, personal-trainer-led workouts across 22 fitness categories, with its classes streamed more than 14 million times. The New York–based app has added 200,000 paying members in the last two years. Trainers create and lead the classes and the company says it will not replace them with AI. Aaptiv is hiring engineers and building out data science to improve recommendations and personalize workouts using diagnostics from wearables like the Apple Watch. The company is exploring integrations with voice platforms such as Amazon Alexa and Echo, and will join the Disney Accelerator this summer as part of a strategic investment. Financially, Aaptiv has raised a $22M Series C and has now raised $52M in total, with sources saying the company is valued at over $200M. Aaptiv provides access to over 2,500 audio-based fitness classes, programs, and challenges led by expert trainers, covering cardio, strength, and meditation. Launched in 2015 by CEO Ethan Agarwal, the app targets a wide range of fitness categories and experience levels. The company plans to use new funding to enhance the member experience and accelerate growth. Its content library and trainer-led programs are core to its product offering. The company operates as a subscription-driven digital health/fitness service based in New York City.