Participated · Series A · Dec 2025

Founded in 2018 by Shreeram Ravichandran and P. Gobinath, Chennai-based Modulus Housing manufactures modular buildings using a factory-made construction model and a cloud manufacturing network of partner factories. Its proprietary product suite enables rapid production of structures such as hospitals, cold-storage units, schools, site offices and other distributed infrastructure. The company says it is already profitable, recording cumulative revenue exceeding Rs 200 crore and growing operating revenue 38 % year-over-year to Rs 54 crore in FY24. To date, Modulus has delivered more than 1,500 buildings across 21 Indian states and parts of Africa. Future plans include expanding its market presence across India and selected global regions, advancing R&D on a next-generation concrete modular system and scaling its green concrete technology. The firm also intends to broaden its cloud manufacturing network to support these initiatives.

Participated · Seed · Feb 2022

Change Foods develops animal-free dairy proteins via precision fermentation, aiming to replace cow’s milk components such as casein with vegan alternatives. The company is working to upcycle sugarcane fibre (bagasse) into a domestically sourced, low-cost feedstock to drive down production costs and support a circular economy. Feedstock development will be conducted by Change Foods in partnership with Queensland University of Technology (QUT) and is intended to reduce reliance on animal agriculture. Funding includes a $1 million grant from the Australian Commonwealth Government and a $12 million seed extension (total seed financing now $15.3 million), with all funding channelled into R&D. Change Foods relocated to Silicon Valley and operates from BioCube San Jose while preparing for a planned commercial launch in 2024, though the feedstock work has delayed projected timelines. The company’s strategy emphasizes lowering emissions by displacing livestock-based dairy and achieving price parity through cheaper, upcycled feedstocks. Change Foods uses precision fermentation to produce dairy proteins, notably casein, with the goal of creating real cheese without animals. The company positions itself to transform the global cheese business by delivering the taste and eating experience of traditional dairy while avoiding impacts of industrial animal agriculture. It is pursuing product expansion into animal‑free milk, yogurt, and ice cream as follow‑on opportunities. Change has signed strategic collaboration agreements with Upfield and Sigma to accelerate product development, scaling, and distribution. Financially, Change completed an oversubscribed seed extension that brought total seed investment to $15.3 million. The company plans an initial market launch in late next year. Change Foods uses precision fermentation to produce real dairy cheese proteins without cows, targeting the US market. The company plans a modular approach to dairy that could expand beyond cheese into cream and yogurts. It intends to scale up its technology and compounds and complete its first cheese prototypes. Change Foods is setting up a Bay Area R&D facility and has relocated its executive team to the Bay Area after establishing a US company from Melbourne. The startup has recruited industry hires, including a former Eat Just VP of Manufacturing and an executive from Danone. Change Foods has raised capital to support scale-up, prototyping, facility setup, and team growth. Change Foods uses fermentation-based biotechnology to create dairy products without cows, aiming for end products that match conventional dairy in taste and texture. The company is led by founder and CEO David Bucca and has hired Irina Gerry (formerly of Danone/Silk) as CMO to shape brand and go-to-market strategy. Gerry joined the company as a keynote speaker at the Alt‑Dairy Conference and brings experience launching plant‑based platforms and marketing consumer food brands. Change Foods recently closed a second funding round of $875K, backed by high‑profile investors from Google and individual backers including Twitter’s Maya Hari, Michal Klar, Simon Newstead, Tom Crago, Vikas Garg, and others. The company plans to raise an additional $5M in Q2 2021 to support commercialization and growth. The team emphasizes consumer acceptance, branding, and product positioning as critical to market success. Change Foods is developing animal-free dairy products using microbial biotechnology to produce proteins and fats identical to those in conventional dairy. The startup is focusing particularly on cheeses, aiming to replicate taste and texture more convincingly than plant-based alternatives. Its products will be lactose-free, hypoallergenic, hormone-free, and are expected to have a much longer shelf-life due to the production method. Founded in Australia in 2019, Change Foods relocated its headquarters to San Francisco in May while retaining research and development in Australia. Recently the company received funding from angel investor Simon Newstead; the article does not disclose the amount. Change Foods faces competition from companies such as Remilk but believes it can convince omnivores to switch by offering dairy-identical alternatives with no compromise on taste, function, or texture.

Participated · Equity · Dec 2016

BiBoard is a cloud-based business intelligence platform that aggregates and shares corporate data, allowing employees to connect to many different databases from a single dashboard. The company serves corporate clients including Clarins, Orange, Domaxis, Domaines Barons de Rothschild, Visiativ, Calystene and Radiall. BiBoard has a staff of 25 and recently opened a Paris office to be closer to clients after previously being based in Grenoble. Founder and president Thierry Thépaut reported a strong increase in orders—more than 300% in the first 11 months of the year versus the same period in 2015—with the strongest acceleration in the last three months. Financially, BiBoard has raised a total of €3.5 million to date following the new €1.5 million investment from its existing backers.

Participated · Equity · Oct 2016

Linkfluence provides a social data intelligence platform, Radarly, for monitoring, analysis and activation of social media channels. The company captures and analyzes more than 150 million posts a day to help brands make better decisions. It has more than 200 employees across France, Germany, the United Kingdom, China and Singapore and serves over 300 clients, including Danone, Sanofi, Orange and McDonald’s. Linkfluence intends to use the new funds to pursue investment in R&D and innovation and to further accelerate international expansion. The company is led by CEO Hervé Simonin. Linkfluence provides social media intelligence through its Radarly Product Suite, a SaaS platform that collects and analyzes conversations from Facebook, Twitter, online media, blogs, forums and other social networks. The Radarly suite is described as quick and easy to set up, user-friendly, and multilingual. The platform captures around 10 million mentions daily and surfaces actionable insights that can be applied across an organization. Linkfluence positions itself as a leading Social Media Intelligence company serving brands. The company is based in Saint-Denis, France. Recently it completed a $4.5M funding round.

Participated · Seed · Mar 2016

CoverWallet offers a B2B platform that provides small businesses with real-time quoting, underwriting, binding, billing, and servicing to buy and manage commercial insurance online. The company launched in 2016 and is based in New York. CoverWallet extended its U.S. platform to Europe through a commercial partnership with Zurich and currently has the platform live in Spain, with plans to expand to other European countries with Zurich. The platform is used by carriers — Hanover Group was the first U.S. carrier to use it for agents — and Zurich leverages the platform to sell policies directly to small businesses online. CoverWallet reported substantial momentum, having surpassed 800% annual revenue growth in the prior year. As of October 2017 the company had raised an $18.5 million Series B and more than $30 million in total funding from investors including Union Square Ventures, Index Ventures, Two Sigma, Foundation Capital, and Starr Companies. CoverWallet is an online small-business insurance platform that uses analytics, thoughtful design, and technology to provide tailored advice and personalized coverage. Launched in early 2016, the company leverages data to help thousands of small businesses get and manage insurance quickly and affordably. CoverWallet positions itself to simplify and democratize access to business insurance, delivering customized coverage, savings, and a seamless user experience in minutes. The company is actively disrupting the roughly $100 billion small-business insurance market and has garnered industry recognition, including Benzinga's 2017 Best Insurtech Solution and a nod from Entrepreneur Magazine. Financially, CoverWallet has secured over $30 million in venture capital to date, including the newly announced round. The company plans to use the new funding to build core technology, expand partnerships, and scale operations to meet growing demand. CoverWallet is a Spanish insurtech that markets commercial insurance online to small and medium-sized enterprises. It offers liability coverage for businesses such as restaurants, flower shops, auto shops, electricians and architects. The startup seeks to simplify the often-difficult process of obtaining commercial insurance and make coverage more accessible for SMEs. CoverWallet is focused on the United States, where it says there are 25 million SMEs in need of insurance. Financially, the company raised a €7.3 million round in its latest financing and had previously raised €1.6 million. CoverWallet is a NYC-based digital insurance manager that helps businesses consolidate commercial insurance policies into a single platform. Its product offers automatic risk analysis, document management, benchmarking, data analytics, intelligent data-driven risk and insurance assessments, coverage recommendations, peer risk comparisons and claims support. The service currently manages commercial insurance lines including general liability, commercial property, workers’ compensation, professional liability, errors and omissions and cyber liability. Customers can access expert support via email, phone, video or online chat. The company raised $2 million in seed funding and intends to use the proceeds to launch its platform. Co-founded by CEO Inaki Berenguer and COO Rashmi Melgiri, CoverWallet positions itself as a digital-first solution for business insurance management.