Participated · Series D · Dec 2025

Fal operates a cloud-based platform that hosts and serves image, video, and audio AI models so that developers can easily integrate multimodal AI into their applications. The company counts Adobe, Shopify, Canva, and Quora among its customers, underscoring its traction with large, design-centric and developer-friendly enterprises. Founded in 2021 by former Coinbase machine-learning leader Burkay Gur and ex-Amazon developer Gorkem Yurtseven, Fal positions itself as the infrastructure layer for the next wave of AI applications. According to Bloomberg, the startup had already surpassed $200 million in revenue by October 2023, showing rapid commercial momentum only two years after launch. Fal has completed three fundraises in 2023 alone, signaling aggressive capital deployment to scale its platform and capture market share. With fresh capital and a valuation that has tripled in less than six months, the company is likely to invest further in product expansion and capacity to meet growing demand from enterprise AI workloads.

Participated · Series B · Mar 2025

Graphite began in 2020 as a mobile development tooling company before pivoting to AI-driven code review. Its platform leverages Anthropic’s and OpenAI’s models to flag errors, suggest code changes from developer comments, summarize code, and generate possible fixes. The product lets customers define patterns unique to their codebases and set filters for sensitive information to reduce reliability and security risks. Graphite says revenue grew 20x in 2024 and that it serves tens of thousands of engineers at more than 500 companies, including Shopify, Snowflake, Figma, and Perplexity. The company made its core code review offering free for teams of all sizes and is spinning out Diamond, an AI tool to catch bugs, as a standalone product. Graphite is a ~30-person startup with an NYC-based team and says the recent growth gives it many years of runway and a clear path to profitability. Graphite began as an internal tool built by founders who previously worked at Facebook, Airbnb and Square and pivoted from a mobile-development focus to concentrate exclusively on its code-review product. The company offers an open-source command-line interface and a dashboard designed to let developers queue and continue work concurrently while reviews proceed. Co-founder and CEO Merrill Lutsky and co-founder Tomas Reimers lead a small team of six (including three founders) and plan to grow to 15–20 employees by the end of the year. The company has an active community with more than 2,500 users participating in its Slack community. Hiring efforts emphasize diversity through recruiting agencies and outreach. Graphite recently closed a $20 million Series A to support product development and hiring.

Participated · Series B · Jan 2025

Reown focuses on improving onchain user experience through its core products: Reown AppKit (embedded wallets, smart accounts, fee sponsorships, swaps, on-ramps) and Reown WalletKit (toolkit for wallet UX). AppKit has become multichain with recent support for Solana and Bitcoin and plans to expand to more blockchains; WalletKit is used by over 600 wallets and emphasizes chain abstraction and gas abstraction. The company has launched features such as Smart Sessions to enable subscription payments in crypto and reports integrations with partners including Stripe and Raise, plus use by apps like Jupiter, Drift, and Marinade. The WalletConnect Network, developed and launched in 2018 by Reown, has surpassed over 220 million connections and more than 35 million unique active wallets, facilitating over 20 million monthly connections for more than 5 million monthly users. Reown is also participating in decentralizing the WalletConnect Network and has introduced the WalletConnect Token (WCT) for fees, rewards, staking, and governance. The company will use new capital to further develop its onchain UX platform through its SDKs, continuing to target the overlap of traditional finance, fintech, and decentralized finance. WalletConnect is a web3 communications protocol that establishes end-to-end encrypted connections between wallets and applications, enabling transaction signing and token authentication. Its suite of multi-chain communications APIs and protocol integrations aim to enable interoperability across blockchains and simplify access to web3 from a single app. The protocol has been integrated by more than 210 consumer and institutional wallets and by over 450 apps, and is used by users in 157 countries. WalletConnect recently released an enhanced protocol with multi-chain support and is expanding its product suite with new communications APIs. The company is focused on decentralizing its infrastructure through the planned WalletConnect Network and forging strategic partnerships to support that buildout. Financially, it completed a $12.5 million ecosystem round following a Series A earlier this year co-led by Union Square Ventures and 1kx.

Participated · Series E · Nov 2024

Melio provides accounts payable and receivable as a service for small and medium-sized businesses, enabling them to send and receive payments, optimize cash flow, and save time via workflow automation. The platform integrates with financial institutions, e-commerce platforms, SaaS providers and marketplaces, and Melio also offers a standalone solution for accounting firms and SMBs through its website. Led by CEO Matan Bar, the company emphasizes partnerships as a growth channel and has an existing integration with Fiserv that powers CashFlow CentralSM. That Fiserv partnership combines Melio’s workflows with Fiserv’s payment capabilities, biller and merchant network and reaches more than 3,500 Fiserv financial-institution clients. Melio plans to use the newly raised capital to accelerate growth through additional partnerships. The company was valued at $2.0 billion in the reported financing. Melio offers a simple, secure B2B online payment solution tailored to small businesses and their suppliers, helping customers manage cash flow and payments. The company says its platform is free and designed to improve workflow and financial control for small businesses. Melio reported a 5,000% increase in monthly processing volumes over the prior 18 months. The firm plans to use new capital to expand via partnerships with financial institutions, software providers, and marketplaces. Melio was founded in 2018, has headquarters in New York with an R&D center in Tel Aviv, and has selected Colorado for a western U.S. headquarters while recruiting for 250 new jobs. The company has raised $506 million to date and recently saw its valuation triple to $4.0 billion since January 2021. Melio provides a pared-down B2B payments infrastructure for small and medium businesses that replaces paper invoices, checks and slow bank transfers with bank transfers, debit/credit rails and an option to cut paper checks for recipients. The platform emphasizes cash-flow management, letting buyers delay when funds leave their accounts while delivering money to vendors the same day by leveraging risk assessment, fraud management and internal balancing across the platform. The service is free for bank transfers and debit cards and charges a 2.9% fee for credit-card payments; most transactions on the platform are bank transfers. Melio was founded in Israel but has focused heavily on the U.S. market, where it reported 2,000% growth last year (it does not disclose customer counts). The company has strategic relationships with American Express (an on‑ramp option for payments) and interest from Salesforce; QuickBooks already connects with Melio. Management says every dollar of the new capital will go to R&D and sales and marketing as it pursues partner integrations and broader adoption among SMBs. Melio offers a single, integrated accounts-payable and receivable dashboard that lets small businesses pay and receive supplier payments digitally, reducing reliance on paper checks and improving cash-flow oversight. The product lets businesses pay for free via bank transfer or debit card and accept credit-card payments for a minimal 2.9% fee; suppliers can receive a paper check or bank transfer without signing up. Melio says its tools speed up payments and cut fees for customers (one freight-forwarding customer reported saving $7,500/month). The company has partnered with Intuit QuickBooks and plans to provide B2B payment capabilities to third parties. Melio emphasizes helping small businesses manage cash flow amid COVID-19 and is part of American Express’s Stand for Small initiative. The company was founded by Matan Bar, Ilan Atias and Ziv Paz and operates from New York and Tel Aviv. Melio has raised $144M in total financing to date, supporting its growth and product expansion.

Participated · Series A · Oct 2024

Lightdash is an open-source BI platform built to work with dbt that provides both a visual interface for non-SQL users and backend tooling for technical teams to define business logic. The company recently launched an “AI analyst” feature that lets teams ask natural-language questions of curated metrics and receive charts, spreadsheets, or dashboards. The AI analyst leverages Lightdash’s existing API and metadata (metric titles and descriptions) to limit exposure of raw data and supports customer-selected LLM providers or private models. Since its commercial launch and an $8.4M seed round two years ago, Lightdash introduced a hosted cloud service with additional security tooling and says more than 5,000 teams run the open-source product. The company reports that revenue has grown seven-fold in the past year and counts customers such as Workday, Beauty Pie, Hypebeast, and Morning Brew. Lightdash began as Hubble (a YC S20 graduate) and, today, has about 13 employees split between Europe and the U.S. With the new funding, the company plans to expand its team and product, including further AI-driven features. Lightdash is an open-source BI platform purpose-built to convert dbt projects into a full-stack BI product, offering both front-end visualizations for non-SQL users and back-end tooling for analysts to define metrics and workflows. The product serves as a visual layer for dbt while enabling analytics engineers to use code editors and developer workflows to manage business logic. Lightdash launched a free self-hosted Community edition and has opened a public beta of its managed Cloud product, which amassed a waitlist of about 600 companies. The company is remote-first, with founders based around London, an eight-person team across Europe, and is incorporated in both the U.S. and U.K. Financially, Lightdash said it has roughly $8.5 million in the bank (including a $2.4 million pre-seed) and is backed by a disclosed $8.4 million seed round. Planned uses for the funding include expedited hiring—especially on the product team—and expansion of an educational program called Lightdash University.