The Venture Codex

Participated · Equity · Nov 2016

untapt is a New York–based FinTech technology talent marketplace that uses artificial intelligence to match technologists to new roles. Its platform supports two core products: an external digital hiring marketplace and an internal mobility product called untaptX. untaptX enables large firms to bring the hiring platform in-house to facilitate internal career advancement, provide better insights into employee pools, and reduce attrition. The company targets roughly 15 million technology professionals across the FinTech, Technology and Healthcare sectors. With the recent $2M investment round, untapt plans to enhance product lines, enter new markets, and add a west coast sales team to begin coverage of large software firms. The founders emphasize the company's AI matching engine as central to changing how tech recruitment and internal mobility operate. Untapt Inc is a New York City-based recruitment platform focused on financial services technology. Led by co-founder and CEO Ed Donner, Untapt provides an automated recruiting platform that connects financial services companies with top tech talent. The company uses a proprietary algorithm to match qualified engineers with large and small banks, financial institutions, hedge funds and startups. Matches are based on factors such as experience, skills and education overlaid with industry-specific analytics. In April 2015 Untapt closed a $3M Series A financing. Christopher Tsai and Kyle Zasky joined Untapt’s board of directors in conjunction with the funding.

Participated · Equity · Sep 2015

Trunomi is a Bermuda and London, UK-based provider of customer consent and data rights and privacy software solutions. Its core product is customer consent and data rights management technology that enables businesses to request, receive, capture and prove the legal basis for processing customers' data. The platform helps companies comply with EU GDPR and ePrivacy Regulation and other global data privacy laws. Trunomi aims to automate compliance and replace inefficient and costly legacy approaches. The company raised $3.5M in a round of financing. It plans to use the funds to manage a rapid increase in demand for its technologies and to continue its global expansion. Trunomi provides mobile and web consent-based technology that enables financial institutions to securely connect with customers through a consent-based data-sharing platform. The company's core product focuses on customer consent management and permissioned personal data sharing. Led by founder and CEO Stuart Lacey, Trunomi has signed strategic partnerships, including with Widerpool, which invested to develop its telecoms market proposition. The company raised $3m in seed funding to support product development. Trunomi plans to use the funds to continue evolving its technology and to grow in Asia and globally. It is based in Mountain View, California. Trunomi offers a proprietary consent-based KYC data-sharing platform that accelerates, simplifies and secures customer data collection and sharing. Its enterprise solution expedites customer onboarding, helps institutions realize new revenue streams, and minimizes regulatory and reputational risk. Customer-facing mobile and web applications let consumers control and manage consent to share their personal data across industry participants. The platform creates auditable, digitized sets of customer identification data designed to comply with international privacy and regulatory requirements. Trunomi has offices in Bermuda, the U.S. and Europe and has expanded its reach since its official launch in October 2014, earning recognition such as inclusion on the 2015 European FinTech 50 and finalist placements in the Benzinga FinTech Awards and Visa Europe Collab Startup Competition. The company recently closed a $3 million capital raise to fund continued progression of its technology and market growth. Trunomi offers a B2Me platform that enables regulated entities and consumers to create auditable “Golden Source” digitized KYC datasets and securely share them. Its enterprise TruHub product simplifies KYC capture and review, enabling audit-level data extraction, real-time surveillance, and faster customer onboarding. TruMobile lets consumers manage permissioning, provisioning, and updating of their PII from a mobile device, with real-time consent, biometric authentication, and multiple patent filings backing the approach. The company says its platform can onboard customers five times faster at around 20% of the cost of manual processes, and it cites a co-development relationship with Mitsubishi UFJ Fund Services. Trunomi planned public demonstrations of TruHub and TruMobile at Money20/20 and BAI Retail Delivery. The company has said it is poised to expand its services to additional regulated industry verticals.

Led · Series A · Apr 2014

WealthForge provides technology to enable and complete online private investments in companies, particularly small businesses and startups, while operating within SEC regulations. The company offers services including compliance, investor verification, transaction processing, shareholder services, and access to larger pools of capital. WealthForge focuses on servicing the new private equity investments market and supports marketplaces and issuers that need regulated online investment infrastructure. Leadership includes Mat Dellorso (CEO) and Fred Bryant (chief compliance officer). Clients cited include Realty Mogul, a marketplace for accredited investors to pool money online and buy shares of pre-vetted investment properties. The company announced a $2.5M Series A financing, reflecting its early-stage capitalization. WealthForge Holdings, Inc. is a Richmond-based company that runs a transactional system connecting crowdfunding portals, investment banks and investment advisors. Led by founder and CEO Mat Dellorso, the company provides infrastructure for crowdfunding portals that lack the compliance expertise to conduct transactions themselves. Its integrated platform aggregates a large portion of the online private placement and crowdfunding investment market and offers solicitation, offering due diligence, payment processing and anti-money-laundering services. The transactional system is compliant with FINRA and SEC mandates. WealthForge raised an undisclosed funding from CIT GAP Funds and intends to use the proceeds to continue to grow.