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The Venture Codex

Owl Capital

325 Sharon Park Drive #915, Menlo Park, CA, 94025, United States

Overview

Owl Capital is a venture capital firm focusing on early stage investments in the digital health, fintech, and enterprise technology space.

Total investments
5
Lead investments
1
Investments · 12mo
1
Active investors
1

Sector focus

  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • Salvo Health

    Participated · Series A · Jan 2026

    Salvo Health offers brick-and-mortar gastrointestinal (GI) clinics a continuous virtual care platform that connects patients with a specialized, gut-focused care team. Users gain direct, ongoing access to registered dietitians, behavioral-health professionals, and nurses, helping clinics save time, boost revenue, and improve outcomes. In 2025 the company reported 800% year-over-year growth in both patients and revenue and expanded enterprise agreements with GI doctors by more than 1,000%, reaching 801 signed GI partners. Led by CEO Jeffrey Glueck, COO Marin Rothenberg, and CMO Dr. Erin Hendriks, the company is now building an AI-driven product roadmap. The new funding will finance engineering expansion and nationwide hiring of additional clinical staff to meet rising demand. Salvo Health positions itself at the intersection of virtual specialty care and chronic condition management, with ambitions to scale its platform nationally.

  • HighXP

    Participated · Seed · Jun 2023

    HighXP is a casual gaming studio focused on building fun, social‑casual mobile games for a global audience. The studio’s debut game, Doodle Me, is a social drawing-and-guessing mobile title soft‑launched in select geographies including India and is available for free on Google Play and the App Store. HighXP raised $2.2 million in seed funding to accelerate growth of Doodle Me, hire new talent, expand its team across functions, and launch additional games. The round was led by 3one4 Capital with participation from Prime Venture Partners and Gemba Capital, alongside several angel investors. Founders Shankara Seethappa and Raghu Sankar bring experience from Zynga, Big Viking Games and Microsoft and have helped create and manage more than 20 games. The founders report they have managed $89M in game P/Ls annually and aim to leverage that expertise to build globally resonant social‑casual titles.

  • Lemonada Media

    Participated · Series A · Jan 2022

    Lemonada Media operates a growing podcast network with a slate of 20 original shows and reaches millions of listeners per month. The company was founded in 2019 by Jessica Cordova Kramer and Stephanie Wittels Wachs and is entering its third year of operation. In 2021 Lemonada tripled its revenue, added 10 new shows, and designed and trademarked an audio reality studio called BEING Studios led by Kasey Barrett. It has co-created original series such as Written Off with Jay Ellis’ Black Bar Mitzvah and Believe Her with Spiegel & Grau, which launched at the top of podcast charts. The network is pursuing continued global expansion after achieving No. 1 shows in Europe with In Giro con Fra (Italy) and As Me with Sinéad (Ireland).

  • Halo Investing

    Led · Series C · Oct 2021

    Halo Investing is a technology platform that provides protective investment solutions to financial advisors and investors. Through the Halo platform users can access structured notes, market-linked CDs, buffered ETFs, annuities, and a suite of tools to educate, analyze, customize, execute, and manage protective products. Co-founded by Biju Kulathakal and Jason Barsema in 2015, Halo is headquartered in Chicago with offices in Abu Dhabi, Zurich, Dubai, and Singapore. The company emphasizes putting "impact before profits" and aims to provide access to impactful investment opportunities previously unavailable to most investors. Halo raised over $100M in a Series C to expand operations, enter new markets and distribution channels, and invest in new asset classes. The funding is intended to support growth across its business reach and product offerings. Halo Investing is a Chicago, IL-based multi-issuer technology platform that provides structured notes to financial advisors worldwide. Led by co-founders Jason Barsema (President) and Biju Kulathakal (CEO), the platform aims to ensure transparency, competition, and price efficiency for investors. Halo's product includes structured note education, content generation, and independent secondary liquidity enabling advisors to understand, evaluate, and execute structured notes almost instantly. The company intends to expand its international footprint, change how structured notes are purchased, accessed and traded, and move into new asset classes. Financially, Halo closed a $12M Series B financing on June 6, 2019, to support those initiatives. Backers in the round included Allianz Life Ventures, an affiliate of Piton Investment Management, and William Blair Circle.

  • Welcome Tech

    Participated · Series B · Apr 2021

    Welcome Tech operates a digital platform built for immigrants, offering access to healthcare, jobs, education and financial tools. The company serves both immigrant community members and enterprise partners, enabling inclusive economic participation and helping employers recruit, retain and serve a diverse workforce. It reports over 4.5 million registered members and a growing base of enterprise partners. Led by CEO Amir Hemmat, Welcome Tech plans to accelerate development of its proprietary AI infrastructure and expand its workforce engagement platform. The company raised new capital to fund product and platform growth and scale its services to employers and immigrant users. Its headquarters are in Los Angeles, California. Welcome Tech offers a suite of products for immigrants, including a bilingual mobile app, a debit card/digital wallet, educational content (SABEResPODER), a Rewards Center, FarmaSEP prescription savings and PODERSeguros auto insurance assistance. The company says it is approaching 4 million registered and active users, surpassed about 1 million app downloads, and has opened more than 500,000 fee-free bilingual bank accounts. From March 2021 to March 2022, wallet growth increased 2,200% and digital-wallet revenue rose 2,800%; its subscription service (launched January 2021) saw 50% quarter-over-quarter growth between Q1 2021 and Q1 2022. Welcome Tech relies on both digital and offline user acquisition channels, including partnerships with embassies and consulates, and emphasizes education-first trust building to lower acquisition costs. The company is not yet profitable and has expanded its team from 20 to 80 employees since its last raise; the board and staff report substantial ethnic diversity. Leadership says the raise will fuel steps toward building a full "operating system" for immigrants and eventual expansion beyond the U.S. Welcome Tech has built a bilingual digital platform, SABEResPODER, that provides educational resources, information and services targeted initially at the U.S. Hispanic community. The company launched a banking service (including a debit card and bilingual mobile app) six months prior to the article and in January introduced a $10/month subscription that offers discounted healthcare resources and free televisits. Welcome emphasizes earning community trust and gathering data before rolling out financial products, positioning financial services as its beachhead. Its platform is approaching 3 million active users, according to CEO Amir Hemmat. Founders Amir Hemmat and Raul Lomeli-Azoubel say the company aims to be a “digital Ellis Island” and plans to use new capital to build partnerships and increase awareness. Welcome operates out of Los Angeles with an office in San Antonio, Texas. Welcome Technologies is a Los Angeles‑based certified B‑corporation providing a platform that connects the global immigrant community to information, products, and services. The company leverages data from distribution channels that reach over 9 million immigrants a year and has built AI-powered products across affordable healthcare, micro-loans, educational resources, and more. Welcome reports a membership of nearly 2 million immigrants and uses that scale to deliver services and insights. Led by Chairman Raul Lomeli-Azoubel and CEO Amir Hemmat, the company recently strengthened its management team with hires including Joe Munoz, Christopher Gulczynski, Rene Garcia, and Gavin Hewitt. It closed an $8M Series A and intends to use the proceeds to expand its digital offerings and build an operating system for immigration. Welcome focuses on combining platform distribution, data, and AI to improve immigrant outcomes and product reach.

Team