Participated · Seed · Jul 2024

Splight is a San Francisco–headquartered grid technology company that deploys machine-learning solutions through its Dynamic Congestion Management™ (DCM) product. DCM ingests real-time grid data and uses a proprietary ML algorithm to turn Fast-Responding Assets (FRAs) such as battery storage and data centers into operational tools that can reliably unlock up to 100% more transmission capacity versus traditional approaches. The company reports over 3 gigawatts of grid assets under management and has offices in Texas, Chile, and Spain. Splight plans to accelerate DCM deployments across the U.S. and Europe and to launch new technical capabilities including AI-Enabled Electrical Studies for Data Centers, enhanced DCM algorithms, a DCM Sandbox modeling tool, and Real-Time Simulation (RTS). It will also expand its San Francisco headquarters along the Embarcadero and grow its Bay Area technology and product teams. Commercially, Splight targets utilities, renewable developers, and large loads to reduce curtailment, shorten interconnection timelines, increase reliability, and maximize use of existing transmission infrastructure. Splight is a San Francisco, CA-based AI startup developing AI-based technology for advanced grid operations that tackles congestion using inverter-based resources (IBRs). Its platform aims to reduce curtailment and accelerate the connection of utility-scale renewable power plants as well as the deployment of distributed energy resources (DERs) and batteries. The company was founded by Thomas Vadora, Fernando Llaver, and Carlos Caldart. Splight raised $12M in Seed funding. It intends to use the funds to expand its North America and EU presence and to grow its development, implementation, and leadership teams.

Led · Series C · Mar 2024

Jumbotail is a full-stack B2B marketplace and retail platform for food and grocery that serves small and medium kirana stores across India. Its offering combines internal warehousing, a last-mile delivery network that provides next-day storefront deliveries, and a fintech platform for financial services, credit solutions, and payments. The company says its revenue is driven by organic, unassisted digital orders placed by kirana stores via its app. Jumbotail plans to invest the new proceeds in expanding its suite of go-to-market products and services to help new and emerging brands reach mass-market consumers through its nationwide kirana network and to develop AI-driven technologies to increase customer wallet share. It also intends to hire across sourcing, technology, category management, product management, and marketing teams. Co-founders S. Kartik Venkateswaran and Ashish Jhina say the company aims to achieve operational profitability across its network by the end of 2024. Jumbotail operates a B2B wholesale marketplace and built its own supply‑chain network to enable last‑mile delivery and two‑day shipping to neighborhood stores. The startup supplies point‑of‑sale devices and integrates kiranas with hyperlocal delivery partners such as Dunzo and Swiggy, and it provides working capital via partnerships with financial institutions. Jumbotail also runs a private‑label portfolio to standardize product quality and ensure year‑round supply. The company serves more than 30,000 neighborhood stores across India and says it has been operationally profitable for nearly three quarters. It plans to use fresh capital to broaden its private‑label catalog, hire talent, and expand into more regions, especially several cities in South India. Jumbotail operates a wholesale marketplace that connects tens of thousands of kirana stores with brands and traders, offering supply-chain logistics, a mobile ordering app, POS integration, and credit solutions. The company currently operates only in the Bangalore area and provides its app and support in four languages (English, Hindi, Malayalam, and Kannada). Management says it is on track to clock $100 million in GMV in Bangalore by year-end. The startup employs about 140 people and an additional 400 staff working in its supply-chain network. Jumbotail plans to invest the fresh capital in developing AI solutions to improve its supply chain network and to make it easier for brands to join the marketplace. It faces competition from larger players including Amazon India, Flipkart, Reliance Retail, BigBasket, Grofers, Udaan and ShopX. Jumbotail operates an online wholesale marketplace for groceries. The Bengaluru-headquartered company began operations in the southern city of Bengaluru and plans to gradually expand across the country. Founded in 2015, the company initially raised $2 million from Nexus. Jumbotail has raised $8.5 million in a funding round led by Kalaari Capital with participation from Nexus Venture Partners. The company said it will use the new funds to enhance technology and operational capabilities. No revenue or user metrics were disclosed in the article.

Participated · Series A · Apr 2022

Galena runs an intensive four-month program that assesses students' vocation, provides training, connects graduates to partner companies and offers post-employment support. Students do not pay during training and only pay Galena after placement—and only if hired at a salary of R$2,000 or more. The company reports having received more than 21,000 applications and is operating cohort-based intakes (the second cohort graduates at the end of March and the next starts in April 2022). Corporate partners include iFood, QuintoAndar, Cora, Unilever, Stone, Nubank, Alelo, XP, Arco, Dell and PetLove. Galena intends to use new funding to invest in technology, product development and talent acquisition and aims to help 50,000 young people into the labor market over the next five years. Founders Eduardo Mufarej and Guilherme Luz previously ran Somos Educacao and sold it to Kroton in late 2018 for USD 2.3 billion.

Participated · Series B · Mar 2022

JIFFY.ai offers an app-based low-code/no-code intelligent automation platform (HyperApp) that combines Robotic Process Automation (RPA), Intelligent Document Processing and no-code workflow management. The cloud-native, enterprise-grade platform applies AI, machine learning, natural language processing and analytics to deliver end-to-end business process automation and lifecycle management. The company says its customers include Fortune Global 500 firms across banking and financial services, media and advertising, manufacturing, telecommunications, finance & accounting, and travel. JIFFY.ai plans to use the new funding to scale sales and marketing and to advance its HyperApp platform. Leadership describes the product as enabling autonomous enterprises that can compose, configure, monitor and maintain automated business capabilities with little or no additional resource and operational expenditure. The company also works with The Paanini Foundation to upskill individuals for emerging human-machine collaboration roles. JIFFY.ai (the brand name of Paanini) provides an enterprise automation platform combining robotic process automation, machine learning/AI, a no-code application design studio, and a configurable analytics dashboard to monitor automated processes. The platform is context-aware and can detect and resolve discrepancies in documents such as loans, claims, and invoices through self-learning capabilities. JIFFY.ai counts customers like Southwest Airlines and has demonstrated rapid impact—one airline implementation processed nearly 90,000 transactions in a week and saved over 2,000 hours of work. The company’s largest equity shareholder is the nonprofit Paanini Foundation, which provides retraining and job placement programs for workers displaced by automation. New funding will be used for R&D and to scale sales and marketing as JIFFY.ai expands into the United States, Europe, and Southeast Asia. Co-founder and CEO Babu Sivadasan previously served as group president of Envestnet Retirement Solutions, and the team emphasizes socially responsible growth tied to the foundation’s mission.

Participated · Series A · Nov 2021

Klivo focuses on addressing gaps in care for chronic non‑communicable diseases such as diabetes, hypertension, high cholesterol and obesity. The company combines a multidisciplinary clinical team (doctors, nurses, nutritionists, psychologists and physical educators) with technology, devices and data to deliver continuous, personalized monitoring 24/7. Klivo reports more than 21,000 members under care and serves clients including health plans, autogestões, the pharmaceutical industry and employers. The startup was founded in 2019 by André Sa and Marcelo Toledo and positions itself as a pioneer in coordination of chronic care in Brazil, citing international models such as Livongo/Teladoc. Klivo plans to use new capital to fuel growth, expand lines of care and pursue possible acquisitions.