Participated · Series B · Sep 2024

Unlock Technologies is a fintech platform that helps homeowners access the wealth locked in their properties through home equity agreements (HEAs). Instead of taking on new debt, customers receive an upfront lump sum and agree to share a slice of their home’s future appreciation with Unlock. The company positions this model as a flexible, transparent alternative to traditional cash-out refinancing or HELOCs, particularly attractive in the current high-interest-rate environment. Management reports that Unlock has now invested more than $1 billion across its HEA portfolio and served over 14,000 customers nationwide. Recent securitization activity (undisclosed size) and repeat investment commitments aim to expand capital supply and lower execution costs. Looking ahead, the firm plans to use fresh institutional capital to accelerate originations through the back half of 2025, broadening access to its product across the country. Its capital-light marketplace approach and established institutional partnerships underpin continued scaling ambitions.

Participated · Series B · Sep 2024

Unlock Technologies provides a home equity agreement (HEA) that lets homeowners access equity by receiving a lump sum in exchange for a share of their home's future value. Its HEA product requires no monthly payments, no interest rates, and no need to refinance. The company is led by CEO Jim Riccitelli and is currently available in 14 states. Unlock announced a strategic partnership with D2 Asset Management that includes a $30M Series B equity investment and a $250M capital commitment to support growth. The company plans to use the funds to expand its product offerings, enhance its technology platform, and grow nationwide. The financing positions Unlock to scale its HEA product and broaden its market footprint. Unlock Technologies, founded in 2020 and led by CEO Jim Riccitelli, is a New York City–based financial technology company. The firm provides products and services aimed at helping consumers solve financial challenges and improve their financial health. Its flagship product is the home equity agreement (HEA), a financing option that lets homeowners access the equity in their homes without a loan. The company secured a $100M revolving credit facility to support its operations. Texas Capital Bank provided the financing resources. Unlock plans to use the funds to purchase HEA contracts to serve the growing needs of its HEA investments.

Participated · Equity · Sep 2023

Momnt is a financial services technology platform that provides embedded lending and point-of-sale financing, enabling merchants to offer simple, fast, and affordable financing. Its core product is an embedded lending solution that integrates with merchants to extend personalized financing to consumers and generate new revenue for financial institutions. Momnt has formed a joint venture with Saluda Grade to acquire Momnt-facilitated home improvement loans and broaden institutional support for the asset class via securitization. The JV recently closed an asset-backed revolving warehouse facility of up to $200 million from Macquarie Group to increase capacity to purchase loans and scale access to home renovation financing. Momnt launched its platform in 2020 and is headquartered in Atlanta, and the company is described in the press release as a preeminent market leader in point-of-sale financing. The company is pursuing continued growth through securitizations (including the recently announced MMNT 2023-1) and institutional warehouse financing. Momnt offers a state-of-the-art financial services technology platform that enables merchants to provide embedded lending and diverse financing products through a seamless point-of-sale experience. The company launched its platform in 2020 and has focused on the home improvement industry, positioning itself as a market leader in point-of-sale financing. Momnt’s core product facilitates home improvement loans between merchants and homeowners via its embedded lending solution. The company is expanding its home improvement business and pursuing broader institutional support of the asset class through securitization. A new warehousing facility is intended to increase capacity to purchase Momnt-facilitated loans and improve access to renovation financing for U.S. homeowners. Momnt emphasizes supporting small businesses that rely on its financing platform. Momnt is a financial services technology platform that enables merchants to offer embedded point-of-sale lending and payment products. Headquartered in Atlanta, the company launched its platform in 2020 in the home improvement industry and has grown to be a market leader in point-of-sale financing. Momnt announced the closing of a $15 million capital raise and has previously raised $16.5 million in prior rounds from investors including Yamaha Motor Ventures, Saluda Grade Ventures, and TruStage Ventures. The company plans to use the new capital to invest in people, processes, and technology and to continue growing its team. Momnt is pursuing expansion into new verticals and intends geographic and product expansion as part of its growth strategy. The company has also received multiple workplace recognitions in 2023, including listings on Inc. Magazine and local Best Places to Work lists. Momnt operates an API-based fintech platform that presents custom, real-time loan offers to individual borrowers at the point of purchase, leveraging alternative data and ML/AI-informed decisioning. The company launched its platform in 2020 (formerly Artis Technologies) and has focused initially on the home improvement industry while expanding into healthcare and patient finance. Momnt enables financial institutions to deploy excess capital by originating consumer loans through merchant networks, making merchants the face of financing during purchases. The company plans to use the new capital to invest in people, processes, and technology and to add new financial products and industry verticals both domestically and internationally. Momnt reported growth to more than 100 employees and says it has achieved significant financial and operating milestones. Headquartered in Atlanta, the business emphasizes seamless, secure connections between lenders and distribution channels.

Led · Equity · Feb 2022

AvantStay operates a technology-enabled short-term rental platform focused on group travel and premium, design-forward vacation homes. The company manages over 1,000 properties in 100 cities and reports more than $2 billion in assets under management. Its offering combines hospitality, design, and real-estate services to deliver turnkey stays while generating higher yields for property investors. AvantStay intends to use fresh capital to expand its portfolio and enter additional markets, further institutionalizing short-term rentals as an investable asset class. In December, the company announced a Series B round backed by Tarsadia Investments, 3L Capital, and Saluda Grade. The latest raise deepens AvantStay’s partnership with real-estate advisory firm Saluda Grade, positioning the startup to accelerate growth and broaden its footprint in the burgeoning STR sector.

Led · Series A · Jul 2021

Artis offers an API-based platform (Artis Connect and Artis Credit) that uses alternative data sources and machine learning/AI to present custom, real-time loan offers to individual borrowers at the point of purchase. Since its public launch in 2020 the company has gone to market with its first two products and positions merchants as the “face of financing,” with loans originated by partner financial institutions. The platform is designed to help financial institutions put excess capital to work by generating consumer loan assets with attractive risk-adjusted returns and to drive demand for merchants. The company emphasizes low-friction, affordable financing within the banking industry’s regulatory framework. Following the Series A, Artis plans to grow operations, diversify funding sources, and improve client support in partnership with its new lead investor. The announcement does not disclose revenue or user metrics. Artis Technologies builds API-based lending platforms (Artis Connect and Artis Credit) that enable businesses and financial institutions to offer downstream, point-of-need consumer financing using alternative data and ML/AI-informed decisioning. The company publicly launched in March and has gone to market with its first product, Artis Connect, and recently introduced Artis Credit to connect businesses with a network of banks, credit unions, and lenders. Artis is actively building banking client relationships with super-regional, regional and large community banks and credit unions to deploy real-time, appropriately structured loan offers. The platform is positioned to drive demand for local businesses by enabling financial institutions to extend credit through existing business customers or the Artis network. Artis plans additional fundraising, implementation of initial financial institution partners, and continued team building and culture development through the remainder of 2020. The company operates with a presence in Atlanta and New York City.