Participated · Series A · Aug 2022

VRGL provides a suite of tools for wealth management firms that streamline investment proposal generation, client acquisition, statement aggregation (including PDF extraction), institutional-grade analytics, and proposal management. The platform offers no-touch analytics and automated proposal generation to give advisors a consolidated portfolio view and demonstrate potential transitions. VRGL's capabilities include risk-tolerance assessment and statement aggregation, aiming to accelerate client acquisitions and improve retention of AUM. Founded in 2021 by pioneers of the institutional wealth management software industry and based in Dallas, VRGL has grown its customer base over 700% since August 2022 and processes hundreds of thousands of investment statements. Customers range from small RIAs to large firms such as Dynasty Financial Partners, Ritholtz Wealth Management, Sequoia Financial Group, and Steward Partners, and the company reports metrics like 50% faster time to new revenue, 30% higher prospect-to-client conversions, and a 75% reduction in time to portfolio analysis. VRGL plans to expand product offerings and support market growth while continuing to enhance its investment proposal platform and operational efficiency. VRGL’s platform combines automated statement extraction with institutional-grade analytics (its 5 Pillar Analytics: performance, risk, diversification, taxes and fees) to give advisors a consolidated investment view and generate PDF proposals. The product removes human capital requirements by automating data extraction and delivers front-end quantitative analytics advisors can use in prospecting and onboarding. Customers have seen a 50% acceleration in decision-making speed when using the platform. With the new capital the company plans to scale operational resources, expand sales and partnership capabilities, and execute its product and marketing roadmap. VRGL positions itself as a CAPM & R (Client Acquisition, Proposal Management & Retention) tool to shorten time-to-revenue and increase initial check size for advisors.

Participated · Series B · Oct 2021

Persefoni is a Sustainability Management SaaS and AI platform serving companies and financial institutions. Its product lineup includes Persefoni Pro, a free self-guided offering for SMBs and supply-chain participants launched in March 2024 that has seen more than 6,000 organic sign-ups. The company is expanding its AI suite—PersefoniGPT and smart emission factor matching—and reports model breakthroughs in energy and utility bill management and physical risk modeling, with commercial products expected in 2025. Planned 2025 product releases include a dedicated Product Carbon Footprint/LCA capability, enhanced audit and controls, and a self-serve analytics builder. Persefoni has broadened from a pure enterprise model to include successful self-service offerings and has expanded Persefoni Pro to offer free multi-framework sustainability reporting in addition to carbon accounting. Management expects the recent progress and financing to carry the business toward profitability as early as the second half of 2025. Persefoni offers a Climate Management & Accounting Platform that helps businesses, financial institutions, and governmental agencies manage climate-related data, disclosures, and performance. Its software simplifies carbon footprint calculations, identifies decarbonization strategies, and performs climate trajectory modeling aligned to Paris Agreement temperature scenarios. The platform also enables benchmarking by region, sector, and peer group. The company has launched PersefoniGPT, an AI co-pilot product for carbon accounting and management, expanding its AI capabilities. Persefoni serves enterprise and financial-institution customers and emphasizes regulatory and disclosure workflows. Financially, the company has raised over $150 million to date, reflecting investor interest in its product and market opportunity. Persefoni offers an "ERP for Carbon Data" that automates carbon accounting and helps organizations comply with standards such as the Greenhouse Gas Protocol and PCAF. Its platform targets asset managers, banks, insurers, pensions/endowments and corporates across manufacturing, agriculture, energy, apparel, retail, software and business services. The company emphasizes avoiding proprietary methodologies to ensure auditability and claims automated accounting without consulting services. Persefoni has strategic partnerships with Bain & Co., EDF and SMBC, has expanded into the Japanese market, launched a free-tier for SMBs and introduced a Temperature Scoring Model for 1.5C/2C implied temperature scenarios. It also integrates with the Patch offsetting platform on a commission-free, pass-through basis. Financially, the company recently completed a Series B and has raised a total of $114.2 million to date. Persefoni builds a carbon accounting and management platform that assembles, calculates, manages and reports organizational carbon footprints with real-time reporting on scope 1 through 3 emissions. The company was founded only last January and launched its product in August alongside an initial $3.5M raise. Persefoni has attracted corporate customers, with private equity firms like TPG signing on to its service. The startup recently added Robert G. Eccles, founding chairman of the Sustainability Accounting Standards Board, to its board of advisors. It plans to use new funding to support international expansion, product development, and recruitment. Persefoni develops an AI-powered carbon footprint management platform that generates business-centric sustainability reports and automates organizational emissions accounting. The company was founded in January by Jason Offerman, Kentaro Kawamori and Kim Stroh and is based in Tempe, Arizona. Persefoni plans to use its seed funding to continue product development, add features for large customers, expand its team beyond an 18-employee base, and pursue a Series A. The company said full availability of the platform will come in the fourth quarter and that it anticipates several million in sales by the end of the year. Persefoni positions itself against consumer and enterprise alternatives such as Klima, Salesforce Sustainability Cloud and SAP’s Climate 21 products, viewing some as competitors and others as potential partners. The platform emphasizes serving clients that are already serious about sustainability and meeting institutional investor demand for annual sustainability reports.

Participated · Series A · Mar 2020

Validere provides a platform that monitors, validates and forecasts facility-level data to help energy companies improve operations and make better commercial and emissions decisions. Its platform integrates data and insights on ESG markets with traditional commodity markets, enabling clients to reduce operational upsets, increase netbacks, and gain visibility into commercial decisions. Validere also supports sustainability reporting and monetization of environmentally differentiated products. The company acts as the data layer for environmental tracking initiatives, including a blockchain‑transacted tokenization of voluntary carbon credits from a CCUS project and certification of responsibly sourced natural gas with partners such as Xpansiv. Management frames the product as a way to integrate environmental attributes into day-to-day operations rather than managing them in a silo. The company announced a material financing event in support of scaling its platform. Validere is a leading informatics platform that enables energy companies to realize efficiencies through real-time product quality insights. The company bridges new technologies with deep industry expertise to make product quality data transparent across trading, logistics and operations. Validere’s software is monitoring and optimizing over 3 million barrels per day for leading oil and gas companies in Canada and the U.S. The business has offices in Houston, Calgary, and Toronto and was founded by Dr. Ian Burgess and Nouman Ahmad. Validere positions its tools as means to reduce costs, increase profitability, and minimize unnecessary shut-ins, leaks and emissions. The company plans to use new funding to scale in the U.S., expand its team, and grow its technological capabilities across the oil and gas ecosystem. Validere provides an AI- and IoT-powered platform that gives oil and gas organizations tools to optimize blending, logistics and trading decisions. The company has completed IoT and AI platform deployments with large Canadian oil and gas clients. It recently expanded into the U.S. market and opened an office in Houston. Founded in 2015, Validere is based in Calgary and Toronto, Canada, with operations in Houston, U.S. The company intends to use new funding to accelerate its U.S. expansion and further develop its platform.