Participated · Series B · Dec 2021

iDonate provides digital giving solutions through its proprietary and patented Connected Giving platform that supports web, mobile, event, text, peer-to-peer, and noncash giving. The platform includes a patent-pending software developer kit (SDK) that allows nonprofits to fully customize donor experiences and integrates with CRMs such as Salesforce, Blackbaud, and Microsoft Dynamics. Its customer base spans faith organizations, federated nonprofits, higher-education institutions, and charities, and the company recently added its 500th enterprise customer. iDonate reports average yearly digital giving growth of 30%, a compound annual growth rate for new customer adds exceeding 55%, and net revenue retention above 115%. The company plans to use new capital to accelerate sales, marketing, and support for the Connected Giving platform and to advance product roadmap development. iDonate says it is poised to scale globally and add additional applications and partnerships to its giving suite. iDonate is a Plano, TX-based digital giving software company led by CEO Ray Gary that delivers an enterprise-class system for nonprofit leaders globally. Its core product is a customizable online donation platform that allows nonprofit organizations to facilitate any type of online gift in a customized donor experience. The company represents nearly 1,000 of the top nonprofits across faith, education and healthcare. iDonate raised $8.7M in funding in a round led by PerformanceEdge Partners with participation from existing investors. The company intends to use the funds to integrate iDonate Payments into its core platform to create a combined SaaS/Payments solution supporting Apple Pay, Google Wallet and international payment processing. The funding will also accelerate additional functionality designed to personalize the donor experience. iDonate offers a donor-engagement platform that supports multiple giving channels including website, peer-to-peer, text, and event donations. Launched in 2014 as the world’s first non-cash-donation technology provider, the company has expanded to handle every donation type and to complement nonprofit CRM systems. iDonate plans to augment its platform with next-generation donor-centric features such as data analytics, peer-to-peer capabilities, and enhanced donor engagement functionality. Customers report measurable gains—clients have seen a 41% increase in average gift size and total giving and a 90% increase in recurring gifts—and the company cites thousands of nonprofit success stories. Headquartered in Dallas, Texas, iDonate intends to unveil new capabilities in the fourth quarter and has increased staff to grow faster in 2019. The platform aims to provide nonprofits with real-time analytics and flexible giving options to better understand, nurture, and empower donors.

Participated · Equity · Jan 2014

BlueCava provides an audience association solution that allows advertisers, publishers and adtech providers to recognize a single audience across all platforms. Its product helps customers discover new touch points as additional screens are utilized and provides insight into which screens influence and convert, combined with audience data. The company is led by Executive Chairman Phil Myers and CTO David Tannenbaum. Founded in 2010 and based in New York City and Irvine, California, BlueCava closed a $13m second round of funding in January 2014. It intends to use the funds to expand sales and marketing efforts. The article does not disclose operating metrics or additional financial details. BlueCava offers device identification technology that enables customers to identify unique connected devices such as smartphones, TV set-top boxes, gaming consoles and computers. Its product is positioned to help businesses improve online advertising effectiveness through smarter targeting and to minimize fraud risk. The company highlights advisory expertise relevant to security and payments, listing Joe Sullivan (Facebook CSO) and Ellen Moskowitz (MasterCard VP, Fraud Management Solutions) on its advisory board. Recent board and leadership changes include Brian R. Smith of S3 Ventures joining the board and Marsh Marshall of Putney Capital becoming chairman. The article reports a $9.5 million financing and states that total capital raised to date is $16 million. No operating metrics or specific future-product roadmaps are detailed in the article. BlueCava develops device-identification technology that fingerprints unique connected devices such as smartphones, set-top boxes, gaming consoles and computers. The technology, which the company says dates back about 15 years to Australian inventor Ric Richardson, is intended to help customers target advertising and combat fraud. BlueCava claims the system can theoretically identify some 10 billion internet-connected devices. The company was spun out from Uniloc USA and its intellectual-property history includes U.S. patent #5,490,216 and related litigation that produced a $388 million jury award to Uniloc in 2009. Its advisory board includes security and fraud executives such as Joe Sullivan (Facebook) and Ellen Moskowitz (MasterCard). BlueCava develops a technology platform that provides a method for device identification and reputation processing. Its platform works with any computing device (PCs, smartphones, video game consoles and set-top boxes) so businesses can detect, identify and track devices and retrieve valuable device history. The company closed a $5M Series A financing from Mark Cuban and Timothy Headington. In conjunction with the funding, Mark Cuban will join BlueCava’s Board of Directors. BlueCava will use the funding to accelerate the global expansion of its device identification and reputation technology. The company is based in Irvine, CA.

Led · Equity · Oct 2010

Xceedium provides Zero Trust privileged identity and access management products (Xsuite) used by large enterprises and global government agencies to control and monitor privileged network access and meet security and compliance requirements. The company’s offerings secure privileged user and application-to-application passwords and include monitoring capabilities to help customers address standards such as PCI DSS, FISMA, NIST-800.53, HIPAA and NERC CIP. Xceedium’s products are FIPS 140-2 Level 2 and Common Criteria EAL4+ certified. The company announced a $12 million Series B financing extension to fuel continued growth and expansion, with specific emphasis on cloud-based initiatives. As part of that cloud push Xceedium launched Xsuite Cloud, a privileged identity and access management platform designed to protect organizations using Amazon Web Services alongside existing datacenter infrastructure. Management said the funding and new offering position Xceedium to capitalize on growing demand as customers adopt cloud and hybrid architectures. Xceedium develops GateKeeper, an appliance-based solution that secures and audits privileged access to IT infrastructure. The product is designed to let mid-sized enterprises and federal government agencies enforce access control on vendors, contractors and IT administrators whether inside or outside the network. GateKeeper contains users so they have access only to the resources they need and creates an audit trail to support compliance with HIPAA, PCI, FISMA and other regulations. The company said it will use the new capital to drive sales and marketing expansion and to accelerate ongoing development of GateKeeper. The announcement positions Xceedium to expand commercial and government deployments of its access-control appliance.

Participated · Equity · Oct 2010

StoredIQ provides Intelligent Information Management solutions that help organizations gain control over business-critical information to meet compliance, governance and legal discovery requirements. The company offers products for eDiscovery, records and compliance management and recently launched StoredIQ Intelligent Information Management Platform 6.0 and its eDiscoveryManager application. StoredIQ has customers across multiple verticals, including financial services, healthcare and oil and gas. It recently expanded partnerships with Symantec and Dell. The company closed a $10M financing and said the funds will be used to expand marketing and sales initiatives and grow new partnerships. StoredIQ also appointed Phil Myers as CEO and H.E. Buddy Wilson as vice president of business development to lead those efforts.