Participated · Series C · Mar 2025

Capital Markets Gateway (CMG) provides an end-to-end platform for equity capital markets (ECM) workflows. Its flagship products include CMG XC™, an end-to-end real-time bookbuilding platform, and CMG DataLab™, a data intelligence solution offering real-time offering information and historical data. Launched in 2017 by a team of ECM practitioners, CMG's platform is relied on by more than 21 investment banks and 135 asset managers representing over $40 trillion in AUM. In March 2025 CMG closed a strategic $30 million Series C to support growth. The company plans a 2025 expansion focused on enhanced global data capabilities, support for new asset classes, and advancement of straight-through processing (STP) solutions. CMG positions its centralized, real-time platform as an alternative to distributed, asynchronous processes to improve operational efficiency across buy-side and sell-side firms. Capital Markets Gateway (CMG) is a fintech firm that modernizes the equity capital markets by connecting investors and underwriters via a neutral, connected ECM platform. CMG launched XC™, described as the first connected ECM platform in the U.S., and offers DataLab™, which provides actionable market intelligence and data analytics. The CMG XC network comprises more than 100 buy-side investment firms representing $20 trillion in AUM and connects with 10 leading investment banks. The strategic capital raise is being used to support CMG’s launch of XC and the company’s planned global expansion in 2022. CMG’s investors include major banks and asset managers who are also clients, reinforcing product-market fit and driving platform adoption. The company was launched in 2017 and is based in New York. CMG offers a neutral ECM platform that connects buy-side firms and underwriters, providing integrated data, analytics, transparency, and workflow efficiencies. Launched in 2017 and led by CEO and co-founder Greg Ingram, the platform is relied upon by nearly 100 buy-side firms representing $12 trillion in AUM and 15 investment banks. The company is based in New York City. The platform’s current focus is expanding digital connectivity between the buy-side and sell-side in the U.S. capital markets. CMG plans to use new funding to support growth and broaden its solution to be the first U.S. ECM platform to provide that digital connectivity. CMG provides a workflow management and real-time data analytics solution for practitioners across the capital markets trading life cycle, including banks, asset managers and broker‑dealers. The platform is designed to improve transparency and connectivity between investors, issuers and underwriters and to replace inefficient tools like email and telephone. More than 80 leading asset managers, representing over $10 trillion in assets under management, rely on CMG’s platform to streamline transactions. The company was founded in 2015 and maintains offices in Chicago, New York and Seattle. CMG has appointed experienced industry executives to senior roles and is hiring across engineering, product development and sales to broaden platform functionality. The firm says it will use new funding to scale its technology and accelerate product initiatives.

Led · Series A · Apr 2024

Full Glass Wine, co-founded in 2023 by Louis Amoroso (CEO) and Neha Kumar (COO), acquires and manages DTC wine marketplaces and subscription brands. Its portfolio now includes Winc, Wine Insiders, and the recently acquired Bright Cellars, combining personalized recommendations, subscription services, and curated marketplaces. The company plans to continue acquiring DTC marketplaces and to invest Series A capital in technology—leveraging Bright Cellars’ wine-pairing algorithm and data/AI to improve personalization. It aims to expand its subscription model, optimize logistics across brands, and pursue partnerships with wineries, food delivery services, and event planners. Management says the combined business will offer more than 400 SKUs (most bottles $12–$25) and expects to generate over $100 million in revenue in 2024. The company currently has "at least a few dozen" employees and expects significant team growth as it integrates acquisitions.

Participated · Seed · Aug 2022

Stackwell Capital is a Boston-based fintech that has built a digital investment platform aimed at eliminating the racial wealth gap for the Black community. Led by founder and CEO Trevor Rozier-Byrd, the company provides financial investment tools and guidance to promote accessibility, education, and support throughout the investment process. Stackwell plans to imminently release its initial product, a robo-investing app, this fall. The company closed a $3.5M seed funding round to accelerate its launch plan, reach product development and go-to-market milestones, and hire key personnel. Stackwell is a member of the 2022 Financial Solutions Lab and the MassChallenge U.S. Early Stage accelerator programs. The article does not disclose operating metrics or prior funding rounds and identifies the financing only as a seed round.

Participated · Equity · Mar 2021

Founded in 2020 by Austin Allison and Spencer Rascoff, Pacaso enables buyers to purchase one-eighth to one-half shares of high-end vacation homes, bundling financing, professional management, scheduling and resale support into a single platform. The company has facilitated more than $1.2 billion in real-estate transactions and service fees and generated over $138 million in lifetime gross profit. In the first half of 2025 Pacaso produced $12.6 million in adjusted gross profit while improving margins and cutting cash burn, demonstrating operating leverage. The marketplace now covers 40+ destinations across the U.S., Mexico and Europe, and recently added listings in London, Paris, Italy and the Caribbean. Pacaso is augmenting operations with AI-powered tools and has introduced a new mortgage product through a $100 million credit facility from Texas Capital. Total equity funding has surpassed $300 million after the latest round, giving the company significant capital to scale inventory and international expansion. Management frames co-ownership as a movement that broadens access to luxury real estate for both families and investors.

Participated · Equity · Feb 2021

Madison Reed sells premium hair-color products and services via a digitally enabled omni-channel model that includes a direct-to-consumer subscription, branded Madison Reed Hair Color Bars, and retail distribution at Ulta Beauty. Its products feature a proprietary Smart-8 Free formula and proprietary color‑matching technology, supported by on-call colorists for at‑home customers. The company operates more than eighty hair color bars nationally and continues to expand its retail channels. Madison Reed offers both at-home kits and in‑salon professional application, positioning itself as a prestige hair color brand. The company recently secured growth capital to fund customer acquisition and channel expansion. No revenue or user metrics were disclosed in the article. Madison Reed sells hair-color products direct-to-consumer online, via Amazon, and through retail partners while also operating licensed professional color bars. The company has opened more than 60 color bars and established a wholesale presence with Ulta and a related Target deal. Leadership says the bars deliver professional color more quickly and cost-effectively than traditional salons, and the brand is pursuing a larger retail footprint. Management plans to add 20 more color bars, hire 850 colorists, and target markets including New York, South Florida, California, Chicago, Washington, DC and Texas, with a forecast of 100 stores by 2023. The company is also eyeing expansion into men’s hair color and additional product launches. Gross product margins have grown to over 80% and revenue doubled over the past two years; Jose Zuniga was hired as CFO in March to lead omnichannel expansion. Madison Reed sells salon-quality hair color formulated with a Smart 8‑Free formula and distributes its products direct-to-consumer, via Ulta Beauty, and through Madison Reed Hair Color Bars. The company combines proprietary color-matching technology with on-call colorists for at-home use and offers in-person color services at its Hair Color Bars. In 2020 Madison Reed grew 130 percent and nearly doubled its customer base; during the COVID-19 peak customers bought its hair color kits every five seconds. To meet demand it launched two new products—Madison Reed MR. for men and Color Therapy, a color-depositing mask—and opened 16 new Hair Color Bars. The company offers 1:1 video consultations with expert colorists and runs live educational "Hair Color House Parties" via Zoom. Madison Reed operates over 30 four-wall locations in about a dozen major metro areas and planned to reach 60 Hair Color Bars by the end of 2021. Madison Reed is a prestige hair color company that offers a proprietary hair-color formula, color-matching technology and on-call professional colorists, with product delivered to customers. The company also operates Madison Reed Color Bars. It is led by CEO and Founder Amy Errett, with Brian Bouma as COO and Carrie Kalinowski as CFO. Madison Reed raised funds to expand its suite of proprietary colors and introduce new products. The company plans to use television advertising as a new customer-acquisition channel. It intends to grow its physical footprint from six to 40 locations nationwide by the end of 2020; Color Bars were open in six locations in New York City and San Francisco at the time of the raise. Madison Reed makes direct-to-consumer "prestige" hair products, including 45 shades of permanent hair color, eight shades of gloss, liquid and powder root-touch-up products, and shampoos and conditioners for color-treated hair. The company sells hair color kits exclusively through its site (single boxes or subscriptions) and offers 12 colors at Ulta. About 70% of its business is recurring; the company is four years old, has an 85-person team, and CEO/founder is Amy Errett. Madison Reed reports that its business has continued to double year over year, but does not disclose revenue or profitability publicly. The company is rolling out brick-and-mortar "color bars" after successful pop-ups, opening a San Francisco location and planning 25 more beginning in September. Each color bar is targeted at ~1,500 square feet with eight chairs, staffed by licensed colorists trained by the company; sessions are priced at $60 for 60 minutes and the company has built tech for scheduling, merchandising and color quizzes.