Participated · Seed · Feb 2025

Affineon Health, based in Denver, builds an AI-powered inbox that automates routine lab results, prescription renewals, and patient communications to streamline provider workflows. Its flagship solution integrates with electronic health record systems, including athenahealth, and is designed to fit into existing clinician workflows. Affineon reports its tools can reduce inbox volume by up to 80% and save providers more than five hours per week while improving response times and the patient experience. The company has secured partnerships with leading health systems, physician practices, and EHR vendors as evidence of market traction. Affineon recently closed an oversubscribed $5 million seed round and has now raised $6 million in total capital. The new funding is intended to accelerate product development, expand market presence, and deepen its impact on reducing provider administrative burden and burnout.

Participated · Equity · Sep 2024

Nostra AI builds conversion optimization software for e-commerce brands, using its Edge Delivery Engine™ to make personalized content cacheable and reduce page load times. Its Crawler Optimization improves site experiences for bots and search indexing. Customers include Forever 21, Jones Road, Jolie, BRUNT Workwear, Glamnetic, Cozy Earth, Nood and Open Store storefronts. The company reports over 450 million website visits run through its platform each month and customers have seen north of a 10% lift in revenue from faster pages. With the recent funding, Nostra plans to invest further in R&D for its Edge Delivery Engine™ and Crawler Optimization and expand into the Shopify and Salesforce ecosystems. Nostra AI emphasizes delivering personalized online experiences that boost conversion rates and return on ad spend.

Participated · Seed · Jan 2024

Crew’s core product is a mobile “pre-spend” banking platform that merges checking, savings, and budgeting so users can allocate funds before making purchases. Through a partnership with Bangor Savings Bank (Member FDIC), the app offers a checking account paying 3.2% APY—about 45 × the U.S. average for interest-bearing checking. The company debuted in early 2024 with a family-focused version featuring child accounts, automated allowances, and shared budgets, and has since broadened to general consumers with unlimited pockets, paycheck automation, and virtual cards that carry configurable spending limits. Crew reports that daily active users and debit-card transaction volume both doubled in the last month, signaling early traction. Founded by former Divvy product leaders Gentry Davies and Steve Domino, the startup emphasizes security, scale, and ease of use. Its app is available nationwide on the App Store and Google Play. The firm continues to lean on its bank partner’s 170-year compliance track record to differentiate itself from other neobanks.

Participated · Series A · Apr 2023

Spendflo is an all-in-one SaaS buying and management platform that combines a Buying Hub for procurement, a Management Hub for visibility into usage and spending, and a Security Hub to facilitate collaboration and speed buying cycles. Founded in 2021 and headquartered in San Francisco, Spendflo originated as a SaaS buying point solution and has expanded into an integrated platform to buy, manage, and secure SaaS. The company reports strong operational growth since the start of 2022: 30% month-on-month growth, 15x revenue growth, a 5x increase in customer count, and a fourfold expansion of the team. Spendflo's customer roster includes Mindtickle, Hasura, Drip, 4G Clinical, and Wodify, and the company says customers have saved up to 26% of their annual SaaS expenses using the platform. Future plans include fueling product growth and accelerating global expansion with a particular focus on North America through hiring regional market leads and on-the-ground activities. The company emphasizes a capital-efficient business model that helps customers optimize cloud software expenses and financial metrics such as gross margins, runway, and burn rate. Spendflo centralizes SaaS contracts and provides finance teams visibility into spending, assisted purchasing, and procurement services backed by proprietary benchmarking. Since launching six months ago, the company says it has saved customers an average of 23% on SaaS spend and typically demonstrates 2x–5x ROI, while Airmeet reported procurement that is 3x faster and over 16% savings. Spendflo sells to finance teams, working with department and security stakeholders, and charges a fixed fee on the total SaaS spend it manages, offering a money-back guarantee on the subscription fee. The platform enables stakeholders to raise and renew requests, view tools, contracts and security documents, and collaborate with vendors on renewals and procurements. Spendflo was founded in 2021 by Siddarth Sridharan, Ajay Vardhan, and Rajiv Ramanan and was part of the first cohort of Accel’s Atoms program. Its reported customers include Airmeet, Cronwpeak, Lambda Test, Urban Company, WIntify, and Yellow.ai.

Led · Equity · Mar 2023

Monarx is a Salt Lake City, Utah-based provider of a security solution for web hosting providers. Led by CEO Jeremy Warren, the company offers automated protection that detects malicious activity, protects sites from attacks, and can monetize malware by selling automatic protection to site owners. Customers include Hostinger, InMotion Hosting, and Axarnet (Your.Online). The company raised $6.1M in a funding round. Monarx said it will use the funds to further accelerate partner growth. Monarx is a Salt Lake City, UT-based cybersecurity startup that prevents the execution of malicious scripts inserted into vulnerable websites. Its technology stops files often referred to as web shells or backdoors from creating command-and-control platforms inside servers. The product is designed to prevent attackers from gaining full server control, stealing data, hosting phishing pages, sending spam, participating in botnets, or mining cryptocurrency. Led by Matt Hoffman (CEO) and Brian Karney, the company intends to target the open source market with its first products. Monarx closed a $3.4M seed round and plans to use the funds to continue expanding operations. In conjunction with the financing, Pelion Partner Carl Ledbetter joined Monarx’s board.