Led · Series C · Aug 2023

Jerry is a Palo Alto-based company offering an app that helps users manage everything to do with a car. Its core products include PriceProtect (insurance shopping and auto-loan refinance), DriveShield (trip safety scoring and retailer discounts), and GarageGuard (diagnostics, maintenance reminders, price estimates, and service recommendations). DriveShield rewards users for safe driving with discounts from retailers including America’s Tire, Curbee, Jiffy Lube, Valvoline Instant Oil Change, and FullSpeed Automotive brands. Led by co-founder and CEO Art Agrawal, the company says it will use the new funds to add free repair, maintenance, and safety services. In Q2 2022 Jerry raised an additional $110M in Series C2 equity and debt, bringing total funding to $242M after its C1 round. Jerry launched an AI-powered car insurance comparison service in January 2019 and has evolved into a mobile-first car ownership "super app" focused on helping consumers save time and money on auto expenses. The company is a licensed insurance broker and automates customized quotes from more than 45 carriers in about 45 seconds, enabling users to sign up and have prior policies canceled on their behalf. Jerry earns recurring revenue by taking a percentage of premiums when customers buy policies through its platform. It has quietly grown to nearly 1 million customers across the U.S. and reported revenue growth described as "very fast," with revenue surging 10x in 2020 versus 2019. Jerry also offers a similar product for home insurance but continues to prioritize car ownership verticals while expanding into financing, repair, warranties, parking, and maintenance marketplaces. Jerry, founded in 2017, launched a mobile-first car insurance comparison service in January 2019 that automates quotes using AI and machine learning. The company is a licensed insurance broker and says it has amassed nearly 1 million customers across the United States. Jerry generates recurring revenue by earning a percentage of premiums when customers purchase policies on its platform, and the company states 100% of its revenues are recurring. Its automation sources customized quotes from more than 45 carriers in about 45 seconds and completes the purchase and policy cancellations within the app. Jerry claims customers save on average about $800 per year on car insurance. Although currently focused on insurance, the company plans to use new capital to expand into other car-ownership categories such as repair, maintenance and warranties; the company reported revenue surged 10x in 2020 and sold a few million dollars of insurance in 2019, with current-year volumes on track to be three to four times last year’s numbers.

Participated · Seed · Aug 2022

Rill, founded in 2020 by engineers from Metamarkets, builds an opinionated business-intelligence dashboarding stack designed for high performance and simplicity. Its core product bundles an embedded in-memory OLAP engine—DuckDB in Rill Developer and Apache Druid in Rill Cloud—to pre-process and serve key data faster than querying source warehouses like Snowflake, Databricks, or BigQuery. Rill's UI minimizes design choices and auto-generates dashboards from analyst-defined metrics so analysts can focus on data rather than visual design. The company offers a commercial SaaS product (Rill Cloud) and an open-source Rill Developer to help developers pull and shape data into metrics. Rill has been commercially available for over a year, reports about a dozen enterprise customers and thousands of users, and says revenue is approaching $5 million. The team is fully remote with 24 employees and draws on the founders' experience building Apache Druid at Metamarkets and Snap.

Led · Series B · Mar 2022

Bobbie produces an organic, European-style infant formula made in the U.S. with grass-fed milk from Organic Valley and a recipe modeled after breast milk to meet recent EU nutritional standards for DHA and iron while complying with FDA requirements. The company launched as a direct-to-consumer, subscription-based business in 2021 and says it has sold 4x greater than forecasted since launch, becoming the fastest-growing infant formula company in the U.S. Bobbie emphasizes purposefully sourced ingredients and excludes common additives like corn syrup, palm oil, and maltodextrin, and it highlights more than 2,000 quality checks and certifications including the Clean Label Project Purity Award and a Pesticide-Free certification. Bobbie has partnered with Perrigo as its manufacturer and is launching Bobbie Labs, a virtual research lab to fund academic and industry research across nutrition, society, and planet pillars. The company also runs community programs, having donated more than 400,000 bottles and supported 65 mastectomy moms. Bobbie produces a European‑style organic infant formula formulated to meet EU nutritional expectations (including DHA levels) while complying with FDA standards, and is modeled after breast milk. The formula uses Organic Valley milk from pasture‑raised cows and excludes ingredients like corn syrup, palm oil, and maltodextrin. Bobbie started with community content (Milk-Drunk) and positions itself as purpose-driven, supported by a 20-person “Motherboard” of advisors and a Medical Affairs Team. The company plans to sell direct-to-consumer initially and offer a subscription service to parents across the U.S. Bobbie is mom-founded and led, was founded in 2018, is based in San Francisco, and is venture backed. Recently it ran the MotherLode community investment initiative that engaged customers and mom investors as part of its growth and community strategy. Bobbie produces a European-style, organic infant formula modeled after breast milk and formulated to meet recent EU nutritional standards while complying with FDA requirements. The product is made with Organic Valley milk from pasture-raised cows and excludes ingredients like corn syrup, palm oil, and maltodextrin. Bobbie sells direct-to-consumer and offers a subscription service across the U.S., supported by a 20-person Motherboard and Medical Affairs Team of doctors, lactation consultants, doulas, and pediatricians. Since launching in January 2021 the company has grown seven times faster than forecast, surpassed $1 million in sales in the first quarter, attracted customers in all 50 states within weeks of launch, and built a 7,000-person waitlist with over 70% organic traffic. Leadership is women-led—the founders left Airbnb—and the company emphasizes a women-led board and an advisory “Motherboard” that is majority women and 50% BIPOC. Bobbie was founded in 2018 and is based in San Francisco. Bobbie is a Bay Area–based baby formula delivery startup selling a European-style infant formula whose main ingredient is fresh, grass-fed cows' milk. The product deliberately excludes corn syrup, maltodextrin, artificial sugars and processed oils to offer a healthier domestic alternative. The company was founded in 2018 by San Francisco moms and former Airbnb operations leaders Laura Modi and Sarah Hardy after their own difficulties finding acceptable formula options. Bobbie planned to begin taking orders on Mother's Day and initially delivered only within the Bay Area. At launch it offered a 400 g trial box for $27 (about 22 bottles at 6 ounces each) and a subscription package for $23 per box. Financially, Bobbie pulled in $2.5 million in funding the prior year from Bolt, Nextview Ventures, Lakehouse and Precursor.

Participated · Series D · Feb 2022

CelLink manufactures electrically and thermally conductive flexible circuits intended to redefine automotive electrical distribution systems to make vehicles lighter, less expensive, and cleaner in both manufacturing and daily use. Founded in 2012 by Kevin Coakley and Malcolm Brown, the company is headquartered in San Carlos, CA, with a sales and engineering facility in Novi, MI. Its products have been in automotive mass production since 2019 and are on the road in hundreds of thousands of electric vehicles today. The company closed a $250M Series D to fund growth. Proceeds will finance construction of a 300,000 sq. ft. manufacturing facility in Georgetown, Texas, expand engineering teams at its San Carlos HQ and Novi facility, and establish a European-based team to service international customers. CelLink plans to expand the application of its technology beyond passenger automotive into commercial vehicles, aerospace, off-highway, agriculture, military, marine, and other industrial markets.

Participated · Equity · Dec 2021

connectRN operates a technology-enabled platform that connects nurses and aides with flexible work opportunities, allowing clinicians to select assignments matching their skill level, interests, and work environment. The platform also provides community and career support resources for nurses and aides. connectRN says it delivers reliable clinician staffing at consistent rates while giving nurses freedom to work on their terms. In the past year the company’s revenue grew by 250%. The company plans to expand to 40 states by the end of the year. connectRN is headquartered in Waltham, Massachusetts and serves clinicians across the U.S. connectRN is a tech-enabled platform that connects nurses and aides with work opportunities, career development resources, flexible shift offerings, and a peer community. The product is positioned as a digital community that empowers clinicians to find jobs "whenever, wherever and however they choose" and was conceived by a nurse. The platform has been widely adopted by clinicians and healthcare facilities and management highlights deployment into home health and hospice settings via partner collaborations. The company reported it was poised to deliver 240% organic revenue growth year‑over‑year in 2021, indicating rapid commercial traction. connectRN plans to use new capital to accelerate rapid growth in new and existing markets and to realize its vision of becoming the premier destination for nurses and aides. Headquartered in Waltham, Mass., connectRN serves the American healthcare sector.