Participated · Seed · Jul 2023

Revcast is a Raleigh, NC-based revenue capacity management company that provides a central hub to build and actively manage revenue plans. Its product focuses on accurate sales capacity planning, capacity-based forecasting, and real-time risk and opportunity assessment to improve revenue performance. The platform aims to drive revenue predictability, enable cost-efficient budgeting and growth, and deliver insights to stakeholders faster with less burden on revenue operations and finance teams. Revcast recently closed a $3M Seed funding round to support its growth. The company intends to use the funds to expand operations and broaden its business reach. Investors in the round included CRV, Coughdrop Capital, Firsthand Alliance, IDEA Fund Partners, Lorimer Ventures, Tiferes Ventures and Oldslip.

Participated · Series A · May 2022

JABU operates a last-mile B2B e-commerce platform that enables small and medium kiosk merchants to order, stock and pay for products with same-day delivery and access data-driven dashboards for FMCG brands and banks. The company has a standalone wallet product, Jwallet, which merchants and drivers use for payments, cash-in/cash-out services, agent banking-style flows, stock financing and access to asset finance. In January the company reported over 6,000 merchants across Namibia, South Africa and Zambia, and the CEO said that number has since increased by 50%. JABU works with a network of logistics partners (drivers across 232 logistics partners are noted) to handle distribution. The company positions Jwallet as an alternative to BNPL, partnering with banks and building merchant communities to facilitate savings and peer credit lines rather than relying on balance-sheet credit. JABU says it will deepen its presence in Southern Africa and expand to new markets such as Botswana and Eswatini later this year. JABU operates a last-mile distribution and B2B e-commerce platform that connects over 6,000 retailers to local and multinational suppliers and digitizes orders, payments and logistics. The company owns a fleet of vehicles and eight distribution centers and offers suppliers dashboards for delivery tracking, merchandising, marketing and advertising. Since March the startup reports monthly GMV growth of 25x, average delivered SKU growth of nearly 53% monthly, and revenue growth of 35x. JABU is developing merchant wallets to digitize cash collections and enable B2B2C services, and plans to take commissions on future wallet transactions. The company has more than 200 employees and operates in three Namibian cities with recent expansion into two Zambian cities. JABU is preparing for a Series A raise to fund expansion into Botswana and South Africa, grow its tech and operations teams, and train field agents.

Participated · Series B · May 2022

Komodor builds a platform to help organizations detect, investigate and remediate issues in Kubernetes installations using data-driven approaches and a rule-engine model. The company was founded in 2020 by engineers who previously worked at Google and eBay. They developed a beta roughly six months after founding and had a full-fledged production solution in use for almost a year at the time of the article. Komodor emphasizes democratizing operational and troubleshooting knowledge so more engineers can handle incidents, and trains entry-level hires without prior programming experience. The company employs about 45 people and aims to preserve in-person office collaboration as it grows. Financially, Komodor has raised a total of $67 million to date. Komodor is a Kubernetes-native platform that centralizes code, configurations, deploys, metrics, and past incidents to streamline troubleshooting. It automatically constructs a coherent view of relevant deploys, configuration changes, dependencies, metrics, and past incidents and integrates data from cloud providers, source control, CI/CD, databases, infrastructure, monitoring tools, and incident response platforms. The product targets developers, operations, and on-call teams, surfacing context and actionable insights so teams can solve issues more efficiently and independently. Komodor’s announcement emphasizes faster deployments and reduced diagnostic time for customers. The company launched out of stealth with a Series A and previously raised seed capital, and the press release lists the business as based in Tel Aviv, Israel and led by co-founders Ben Ofiri (CEO) and Itiel Shwartz (CTO). Customers quoted in the release said Komodor reduced time spent troubleshooting and helped locate issues across clusters after a quick installation and minimal setup.

Participated · Seed · Feb 2022

Pluto builds a card and expense-management platform to digitize cash spend for underserved SMBs in the Middle East. Its product issues unlimited virtual and physical cards with spend controls, connects to existing business bank accounts, enforces category restrictions, and automates receipt collection and reconciliation. The company was founded in October 2021 by CEO Mo Aziz (a Y Combinator alum), CPO Mohammed Ridwan and CTO Nayeem Zen. Besides the three co-founders, Pluto has two other employees and operates a fully remote team with its business team primarily in the UAE and engineering in Canada (with some U.S.-based engineers). Pluto is still pre-launch but reports 35 customers in its pipeline with zero marketing to date. The startup plans to use new capital to hire, secure bank partnerships and licenses and to launch in the UAE and Saudi Arabia, with longer-term plans for Egypt, Pakistan and Bangladesh.

Participated · Series B · Jun 2021

MaintainX offers an AI- and IoT-driven maintenance and asset management platform that connects asset and work intelligence to deliver real-time, actionable insights to technicians and executives. The platform emphasizes human-AI collaboration, putting AI-driven recommendations in the hands of shop-floor technicians and leaders to shift maintenance from reactive to proactive. MaintainX plans to expand its AI-powered asset and work intelligence capabilities, grow machine health monitoring and predictive maintenance solutions, and further develop enterprise asset management (EAM) features with a sensor-agnostic approach. The company will also accelerate market expansion across industries and geographies and hire talent to support its product roadmap. Financially, MaintainX closed a $150M Series D in this round, bringing total funding to $254M and a new valuation of $2.5B. MaintainX reports serving over 11K companies, managing 11M+ assets, processing 27M+ work orders and 370K+ safety procedures annually, and cites customer results such as 34% reduced unplanned downtime, 15% increased production capacity, and up to 32% monthly maintenance cost savings. MaintainX provides a mobile-first, IoT-enabled maintenance and frontline work execution platform used to streamline maintenance operations, manage regulatory compliance, and deliver asset- and plant-level insights. Its core product digitizes work orders and standard operating procedures to increase productivity for maintenance workers and other frontline staff. The company is introducing AI-powered maintenance operations, Asset Health Insights dashboards, and Resource Planning to add predictive capabilities and improve data quality and workforce scheduling. MaintainX serves over 6,500 customers across manufacturing, logistics, hospitality and facilities management and reports revenue growth of 13x since its Series B. The platform is positioned to turn frontline workers into knowledge workers by combining aging physical assets with smarter machine data and analytics. MaintainX was founded in 2018 and is headquartered in San Francisco. MaintainX provides a management platform that replaces clipboards and spreadsheets with digital tools to streamline workflows for industrial and frontline workers. Its feature suite enables tracking of reactive and preventive maintenance as well as daily operations such as safety and quality inspections and operating checklists, all with a digital audit trail. The company serves customers across heavy industry, municipal maintenance, hospitality, education, and healthcare. MaintainX says it has seen rapid growth since foundation, with revenues growing 12X from early 2020. The company intends to use new funding to accelerate growth and expand operations and business reach. MaintainX was founded in 2018 and is based in San Francisco, CA. MaintainX offers a mobile-first workflow and collaboration platform that digitizes standard operating procedures, safety and training checklists, tooling reports, audits and quality-control inspections for frontline, deskless teams. The product centralizes communication and work orders to replace paper, radios and spreadsheets, and the company says it can boost frontline efficiency by up to 7x. Hundreds of operation-intensive customers — including Marriott, Radisson properties, Subway franchisees and Phillystran — have adopted the platform. More than 1,600 businesses have joined the platform and are ready to start using MaintainX daily, and the company highlights rising daily usage and retention. MaintainX plans to use new funding to grow teams in San Francisco and Montreal and further develop its platform. The company was founded in late 2018 and is positioning itself to serve the large, underserved deskless workforce market.