Participated · Series B · Jul 2021

Founded in 2016, Storebox operates a network of about 370 locations in 150 European cities, largely through a franchise system. Its business is split across self-storage, last-mile logistics, and click-and-collect services. The company has grown through significant past investment rounds and has been frequently labeled a "Soonicorn." Storebox has not yet achieved profitability at the group level, although its Austrian operations are already profitable. To drive group-wide profitability it is closing subsidiaries in Switzerland and the Netherlands, shifting those markets to franchise partners, and restructuring its German subsidiary via a Schutzschirmverfahren. The recent mid-seven-figure capital injection from existing shareholders, including the founders, is intended to strengthen the financial base and support organic, balanced growth during the restructuring.

Participated · Series B · Jul 2021

Reconstruct is a Menlo Park–based SaaS company that offers a Visual Command Center (VCC) to create and manage visual reality digital twins across the lifecycle of capital assets. The VCC is used for construction, renovation, as-builts and asset management, employing image recognition and photogrammetry point clouds. The company reports thousands of projects used every day across six continents and highlights industrial and infrastructure customer ROI from its measurability, mapping and monitoring capabilities. Customers cite rapid reality-mapped deliverables (for example, a 600,000 sq ft federal project rendered in two days versus months by traditional laser scanning) and sub-inch measurement accuracy. Reconstruct plans to use proceeds from its recent strategic up round to accelerate deployment of AI and machine-learning capabilities and support global expansion. The company emphasizes AI-driven insights and analytics to identify issues earlier and improve capital-asset management. Reconstruct offers an AI- and computer-vision-driven SaaS platform (Visual Command Center™) that combines reality capture, design, and schedule to enable remote quality control and progress tracking. Its multi-patented automated detection and field-mapping capabilities deliver sub-inch measurable visibility for projects of varying scale. The platform is used by customers ranging from 7-Eleven and McDonald’s to billion-dollar industrial operations in renewable energy and pharmaceuticals, and Pfizer uses it across global production facilities. Reconstruct has grown roughly 300% over the past two years. The company plans integrations with industry software such as Bluebeam and connections to Nemetschek brands to accelerate global expansion and customer acquisition. Founded in 2016, Reconstruct maintains offices in Silicon Valley and the Midwest with team members around the world. Reconstruct is a Menlo Park, California and Champaign, Illinois–based provider of a SaaS platform for construction and real estate. The company offers an AI and digital-twin software platform with indoor and outdoor views that let project stakeholders track and resolve issues in a virtual environment before they impact cost and schedule. Its “visual command center” enables project executives to proactively and precisely manage construction progress, including detecting current, past, and future performance issues. The platform’s 3D timelines enable real-time coordination among general contractors, subcontractors, owners, and lenders. Customers include Walbridge, Clayco, Taisei, and Kajima. Reconstruct raised $7.7M in a Series A and intends to use the funds to expand operations and open offices in Texas, Chicago, New York City, and Tokyo. The company was founded by Dr. Mani Golparvar and Dr. Derek Hoiem and is led by CEO Zak MacRunnels.

Participated · Seed · May 2021

Flex positions itself as a private bank for high-net-worth and middle-market business owners, providing multi-currency accounts, stablecoin payment systems and wallets, institutional USD accounts, private credit, business cards across entities, and an AI finance agent called Beacon. The company has launched Flex Global, a stablecoin-powered banking service available in more than 100 countries, with multi-currency accounts in 76 countries supporting 32 currencies. Flex reports strong growth metrics: annualised total payment volume exceeding $10 billion, annualised revenue now in nine figures after tripling since December, and customers using an average of four or more products. Its largest client categories by count are construction, wholesale, and multinational businesses, and it targets an estimated 350,000 high-net-worth business owners in the U.S. and about 3 million worldwide. Flex plans to expand into business finance, personal finance, payments, private credit, and ERP, and to roughly double headcount from ~110 to over 200 within the year.

Participated · Seed · Dec 2020

Founded in 2017, Bicycle Health provides confidential, clinically-validated Medications for Addiction Treatment (MAT) and integrated behavioral health via telemedicine for opioid use disorder. Its core offering includes online suboxone treatment and customized care plans delivered by medical providers, behavioral health clinicians, and clinical support specialists. Services are available in over 20 states and include synchronous and asynchronous access to care teams, same-day prescription refills, peer support groups, psychotherapy, and regular in-home diagnostics testing. Bicycle Health also provides referrals to primary care and community support services to address social determinants of health. The company raised additional capital to accelerate expansion of its telehealth OUD treatment, extending its Series B financing. The new injection brings total funding to date to $83M. Bicycle Health provides virtual opioid use disorder (OUD) treatment using a Medications for Addiction Treatment (MAT) model. The company delivers nationally distributed virtual care and has expanded into its 25th state, Delaware, serving over 15,000 patients. Bicycle reports its care has reduced OUD symptoms and saved the healthcare system more than $1.1 billion. It intends to use new funding to grow clinical and technology teams, advance its virtual care platform, expand access through strategic partnerships, and develop research into the efficacy and outcomes of its virtual MAT model. Founded in 2017 by CEO Ankit Gupta, Bicycle continues scaling its virtual treatment offering. Bicycle Health provides Medications for Addiction Treatment (MAT) and integrated behavioral health support delivered virtually for opioid use disorder. The company creates customized treatment plans delivered by medical providers, behavioral health clinicians and clinical support specialists. Services include synchronous and asynchronous access to care teams, same-day prescription refills for medication management, peer support groups, psychotherapy and regular in-home diagnostics testing. Bicycle also offers referrals to primary care and community support services to address social determinants of health and is available in over 20 states. The company announced national in-network insurance coverage from UnitedHealthcare, Aetna, and Medicare and Medicaid in select states to improve affordability. It plans to use the new capital to expand its clinician network, partner with additional payers, invest in research and build local community partnerships to reach patients without other treatment options. Bicycle raised $27M in Series A financing to support these initiatives. Bicycle Health provides virtual treatment for opioid use disorder, combining buprenorphine prescriptions with a team of health coaches and in-home diagnostic testing delivered through its mobile app. The company shifted from an initial clinic in Redwood City, California to remote care as COVID-19 and new HHS regulations expanded access to telemedicine. It currently treats roughly 2,000 patients with three health coaches supported by 12 clinical support specialists and is operating in 18 states. Bicycle Health partners with GoodRx to lower out-of-pocket medication costs for uninsured patients and works with local and national providers to subsidize care. The company plans to expand availability to 25 states by the end of the first quarter of 2021. Founded/launched in 2017, Bicycle frames its mission around creating a safe, scalable space for addiction treatment rather than applying a "move fast" mentality to healthcare.

Participated · Equity · Jul 2020

Athlane is a platform that connects esports streamers with brands to facilitate sponsorships and endorsements through data and streamlined communications. It offers products for brands (Athlane Terminal and Insights Hub) to manage sponsorships and analyze audience fit, and products for streamers (Athlane Pro and the Content Hub) to manage deals, negotiate terms, and analyze viewership. The company uses proprietary data partnerships, including with Twitter, and machine learning to surface audience overlap and performance insights. Athlane also provides a no-code Shop tool that lets streamers build storefronts aggregating endorsed products. The startup charges brands on a tiered SaaS model; streamers get a first sponsorship free and are charged $10–$20 per subsequent deal, and agencies pay discovery fees. Athlane is launching with $3.3M in new capital and says COVID-19-driven viewership growth has increased brand interest.