Participated · Equity · Mar 2021

Founded in 2013, Gopuff operates a vertically integrated network of micro-fulfillment centers across the U.S. and U.K., using proprietary technology and a hyper-local logistics system to enable truly instant delivery at scale. The service offers over 5,000 SKUs, ranging from fresh groceries to household essentials, and has built the largest instant-fulfillment network in both countries. Recent initiatives include AI-powered tools that speed deliveries and personalize the shopping experience, expansion of fresh grocery selection, nationwide acceptance of SNAP EBT payments, and rapid growth of its Gopuff FAM membership program. Strategic partnerships with brands such as Starbucks, Disney, Amazon, and Tom Brady underscore its platform’s reach. The company reports record revenue and contribution profit, reflecting its strongest financial performance to date. Leadership has been bolstered by the hiring of Matt McBrady as CFO, an executive with IPO experience at Axon and aQuantive. Looking ahead, Gopuff plans to use new capital to deepen AI capabilities, enhance consumer experience, and expand infrastructure to serve growing demand for speed and convenience.

Participated · Series A · Mar 2021

Nimble develops next-generation autonomous e-commerce fulfillment centers: end-to-end turnkey warehouses that operate at a fraction of the cost and complexity of current goods-to-person systems. Its core product is an intelligent, general-purpose warehouse robot capable of performing storage and retrieval, picking, packing, and sorting, paired with the Nimble Cloud Logistics Platform that provides a unified WMS, OMS, TMS, IMS, and RMS. The solution replaces dozens of individual pieces of equipment and software, simplifying installation, operations, maintenance, and scalability and claims to eliminate as much as 70% of the cost. Nimble plans to use new capital to scale robot manufacturing and system deployments and to invest further in R&D toward its mission of inventing autonomous logistics. The company highlights a commercial alliance with FedEx to scale FedEx Fulfillment using Nimble’s technology and fully autonomous 3PL model. Nimble’s board includes AI and robotics figures Fei-Fei Li, Marc Raibert, and Sebastian Thrun. Nimble develops AI-powered robotic fulfillment systems that autonomously pick, pack and ship e-commerce orders. Its technology is designed to reduce warehouse footprint by up to 75% and enable 96%+ U.S. population coverage in 1–2 day delivery. The company says its network can deliver click-to-collect savings of up to 40% versus legacy 3PL providers and that its fleet handles millions of products across categories such as apparel, electronics, health and beauty, general merchandise and CPG. Nimble serves brands including Best Buy, Victoria’s Secret, PUMA, iHerb and Adore Me. To scale, Nimble is building a nationwide network of next-generation autonomous 3PL fulfillment centers and has assembled logistics executives from Amazon and engineers from NASA, SpaceX, Tesla, Boston Dynamics, GoogleX and top universities. Financially, Nimble has raised new capital to accelerate that expansion and further commercial deployment of its robotic 3PL service. Nimble Robotics develops warehouse fulfillment robots that use deep imitation learning to map and improve through imitation. Its systems are deployed in production and the company says its robots have been picking reliably at scale for over a year for some of the world’s largest retailers. The robots operate autonomously roughly 90–95% of the time, with remote human operators assisting the remaining 5–10%. Nimble reports tens of thousands of real orders picked every day for each of its customers. The company has seen accelerated demand amid ecommerce growth during the COVID-19 pandemic and rapid deployment of its systems. Following the raise, Nimble plans to roughly double its headcount this year.

Participated · Equity · Dec 2020

Oscar Health operates as a consumer-focused health insurance company that combines its own technology platform with a network of Oscar-recommended doctors and telemedicine offerings. Launched in 2014, its virtual care program now accounts for nearly half of all member primary-care visits and is used by 38% of members who have at least one medical visit. The insurer sells Individual & Family, Small Group, and Medicare Advantage plans and will expand to 18 states and 286 counties in 2021. Membership has grown at a 70% annualized rate since 2017, reaching roughly 420,000 members across 15 states as of September 30, 2020. Oscar’s strategy centers on rapid geographic expansion, technology-enabled cost control, and a member-centric experience. The company positions its virtual and digital engagement tools as key differentiators in a crowded insurance market. Repeated large fundraises signal an intention to scale aggressively ahead of an anticipated public offering.

Participated · Series E · Oct 2020

Getaround operates a peer-to-peer carsharing marketplace that connects vehicle owners with drivers for short-term rentals for rideshare and delivery. Founded in 2014 and based in California, the company has focused on scaling bookings across the U.S. and Europe. In Q3 2023 Getaround reported strong revenue growth of 42% year-over-year and a trip contribution margin of 52%, up 640 basis points year-over-year. To improve the booking experience between regions, Getaround launched a unified global app and website on January 17. The company secured additional capital via a debt facility to provide funding for its 2024 operating plan and has drawn the first $5 million. Management has highlighted its patented technology and said the financing supports its focus on delivering profitable, sustainable growth. Getaround operates a car-sharing platform that allows customers to instantly rent nearby cars across more than 100 cities. The company focused on contactless access and platform improvements after demand fell early in the pandemic. Bookings dropped as much as 75% in March, prompting layoffs and reduced field operations, but demand rebounded by May and the company rehired furloughed staff by July. CEO Sam Zaid says worldwide revenue has more than doubled from its pre-COVID baseline and gross margins have continued to improve. Getaround currently reports more than 6 million users globally. The company plans to use new capital to invest in car technology, bring on new partners, and drive toward global profitability. Getaround operates a mobile-first car-sharing marketplace that allows roughly 200,000 members to rent and unlock vehicles from their phones, often at about $5 per hour. The company, founded in 2009 and launching its service in 2011, enables car owners to list vehicles and earn roughly $500–$1,000 per month depending on rental frequency. Getaround expanded internationally after a prior fundraise, moving into France, Germany, Spain, Austria, Belgium, the U.K. (as Drivy by Getaround) and Norway (as Nabobil). Last year it acquired Paris-headquartered Drivy for $300 million and closed a $300 million Series D led by SoftBank with participation from Toyota Motor Corporation. Assuming the reported upcoming $200 million infusion, the company has raised more than $600 million in equity funding to date. The business faces competition from firms like Turo and Maven as similar models enter the market. Getaround operates a peer-to-peer carsharing marketplace that installs its Connect hardware in listed vehicles so renters can locate and unlock cars via the mobile app. The Connect unit includes GPS tracking, tamper detection and engine lock to provide security for owners. The company has integrated with partners such as Uber (via Uber Rent) and has deals with automakers including Toyota, Audi and Ford. Since launching at TechCrunch Disrupt in 2011, Getaround has expanded to 66 cities and continued product and market growth. Financially, the company has raised multiple venture rounds prior to this financing (a total of $88M previously, including a $45M round last November). The new funding is earmarked to expand product offerings, deepen partnerships and enter additional U.S. and international markets. Getaround operates a peer-to-peer car sharing platform that provides software and hardware integrations to let vehicle owners rent their cars to others. The company is positioning its product as an embedded rental layer that can be built into cars as they roll off assembly lines. It has pursued partnerships with automakers and mobility players to broaden availability and reduce ownership costs for vehicle buyers. Recent commercial ties include deals with Uber to allow drivers to pick up Getaround vehicles in San Francisco, and partnerships with Toyota and Mercedes-Benz offering lease- and payment-related incentives. Toyota has also made a strategic investment (revealed in October) and is embedding incentives into lease agreements so owners can apply rental income toward lease payments. Getaround says this strategy and the new funding will also help it prepare to provide the software layer for accessing autonomous vehicles in the future.

Participated · Series B · Feb 2019

Aurora develops autonomous driving technology with an emphasis on rigorous engineering and applied machine learning to tackle current-generation autonomous-driving challenges. The company's software and hardware are described as being designed by leaders from three of the world's major autonomous-driving companies. Aurora positions its integrated software and hardware stack as a driver of the next transportation revolution. The DoNews report states Aurora has secured $483 million in financing. The article does not provide revenue, user metrics, or other operating figures. Aurora develops a full‑stack self‑driving vehicle solution targeting Level 4 autonomy that can be applied to passenger transport and goods movement. The company was founded in early 2017 and has offices in Palo Alto, San Francisco and Pittsburgh. Aurora has announced partnerships with Volkswagen Group, Hyundai and Chinese EV startup Byton, and has made key hires such as SpaceX’s former head of software engineering Jinnah Hosein to lead its software team. The company has rapidly scaled and is pursuing a long‑term strategy to commercialize autonomy rather than a short‑term play. Financially, Aurora has raised multiple institutional rounds and recently increased its valuation to more than $2.5 billion. The team indicates it will likely need additional capital as it develops its full‑stack solution. Aurora is a US-based self-driving company advancing machine learning software and hardware to power autonomous vehicles. It leverages a combination of camera, radar and LiDAR to build a 3D map of the world. The company was co-founded by CEO Chris Urmson, CTO Drew Bagnell, and CPO Sterling Anderson. Aurora has signed partnerships with Volkswagen, Hyundai and Byton. It has offices in Pittsburgh, San Francisco, and Palo Alto. Aurora raised a total of $90M in funding and intends to use the proceeds to expand operations and continue to develop its technology.