Participated · Series A · Mar 2023

StellarFi is a bill-pay manager that helps members build credit by charging a subscription ($4.99 or $9.99) to manage and pay recurring bills—including rent, subscriptions and utilities—and reporting those on-time payments to Experian, Equifax, TransUnion and Innovis. The company does not require credit checks or deposits, does not charge interest, and claims members see an average 26-point score increase in the first month; the average user score at signup is 580. Launched in late June, StellarFi scaled quickly via affiliate partnerships, neobank contracts and SEO, finishing the year with over $2 million in ARR and hitting $1 million ARR in 134 days. As a public benefit corporation, StellarFi focuses on financially disadvantaged communities and intends to build a marketplace to link members to lenders and provide access to capital through partners. The firm is still developing its mobile app and aims to “conquer the mobile experience” to drive engagement and lender access. Operationally, StellarFi reported zero defaults so far but has encountered significant fraud attempts and says it uses sophisticated algorithms to detect and quarantine fraudsters. StellarFi is a Public Benefit Corporation building a credit-building and bill-pay app that consolidates everyday bills and reports monthly payments to the three main credit bureaus. The company targets the 132 million Americans with poor or no credit and enables users to build credit through rent, utilities and other routine payments. StellarFi also offers rewards and cash back that users can apply directly to connected bills. The startup launched a public beta on March 14, 2022 in Austin, Texas and plans comprehensive money-management tools, partnerships for loan and credit card offerings, and financial literacy resources. StellarFi was founded by Lamine Zarrad, who previously founded neobank Joust (acquired by ZenBusiness) and served as Head of Product at ZenBusiness. The company recently closed an oversubscribed $7M initial funding round to deploy its platform and expand access nationwide.

Participated · Debt Financing · Dec 2022

HistoSonics develops a non-invasive therapeutic platform based on histotripsy, a focused-ultrasound technology that uses acoustic cavitation to mechanically destroy and liquefy targeted tissue. Its flagship product, the Edison® Histotripsy System, received U.S. FDA De Novo clearance for the destruction of liver tumors and has seen expanding clinical adoption at academic medical centers and health systems. Use of the system outside the liver remains investigational while the company pursues regulatory clearances for additional organs. HistoSonics has submitted a De Novo request to the FDA for kidney tumors and is advancing toward an anticipated FDA submission for pancreatic applications. The company is focused on commercializing the Edison System in the U.S. and select global markets while expanding indications into kidney, pancreas, prostate and other organs. HistoSonics maintains offices in Ann Arbor, MI, Madison, WI, and Minneapolis, MN, and was valued at $3.75 billion in its most recent financing.

Led · Debt Financing · Jul 2022

Key Data Dashboard provides vacation and short-term rental data and tooling through direct partnerships with lodging providers worldwide. The company offers accurate data and a toolset used by industries that depend on insights into this travel segment. Led by CEO Jason Sprenkle and based in Santa Rosa Beach, Florida, Key Data Dashboard serves both direct-to-consumer and enterprise customers. The company plans to accelerate growth of its direct-to-consumer platform, expand its enterprise data offerings, and speed up its international expansion. Its current financing activity includes both equity and debt instruments that support those growth initiatives. No operating metrics were disclosed in the article. Key Data Dashboard, formerly VRM Dashboard and based in Santa Rosa Beach, FL, develops data visualization and comparison software for vacation rental managers. Led by Jason Sprenkle, the company provides data and analytic tools for instant visualization of core KPIs and anonymized comparative views of local, regional, and industry competitive data sets. It raised $2M in a Series A financing and intends to use the funds for market expansion. Participants in the round included many of the initial investors in Glad to Have You, notably property management and vacation rental company 360 Blue. Founder Amy Hinote is stepping down concurrent with the Series A to focus full time on her VRM Intel magazine and brand. The articles do not disclose additional financial metrics or past funding rounds.

Participated · Debt Financing · Jul 2021

Fetch Package operates a last-mile package delivery and management service for apartment communities, coordinating scheduled direct-to-door deliveries with residents via an app and unique package code identifiers. The company was founded by Michael Patton in May 2016, launched operations in Dallas in February 2017, and later moved its headquarters to Austin. Fetch contracts with just over 200,000 doors (around 700 communities), works with seven of the top 10 apartment management companies, and signed a national preferred vendor agreement with Greystar. It delivered about 3.5 million packages in 2020, hit 2.5 million packages by June 2021, projects more than 8 million by year-end, and says ARR tripled in 2020 while GAAP revenue grew 6x year-over-year. The company employs roughly 350 W2 workers and relies on thousands of 1099 contractors as drivers, and has expanded to 25 warehouses in 15 markets. Fetch plans to use new capital to expand into South Florida, Philadelphia, San Francisco, Nashville, Minneapolis and other markets over the next two quarters, launch about 20 new markets in 18 months, and invest in its tech stack and operational infrastructure. Fetch provides an off-site package solution for apartment communities, accepting deliveries at Fetch-operated facilities and scheduling door-to-door delivery for residents. Founded in 2016 in Dallas, Texas, the company has expanded across the U.S. and now operates in cities including Dallas, Fort Worth, Houston, Austin, San Antonio, Seattle, Denver, Atlanta, Orlando, Tampa, Chicago, Phoenix, Charlotte, Washington, D.C., and Portland. Fetch aims to relieve on-site teams by handling high package volumes for multifamily operators and positioning its service as a resident amenity. The company plans to use new funding to expand into new markets, add new clients, and invest further in its warehouse strategy and delivery technology. Operational metrics show package volume per apartment home has increased 59% since the emergence of COVID-19; Fetch has almost doubled the number of communities served since early 2020 and grown units serviced 497% year-over-year, with over 120,000 apartment homes currently under contract. With e-commerce growing rapidly, Fetch presents its service as a scalable solution for apartment owners and managers facing exponential growth in resident deliveries. Fetch Package is a package delivery platform for multifamily communities that accepts packages at local facilities and coordinates scheduled, door-to-door delivery directly with residents. Through its app, residents can schedule two-hour delivery windows and manage their deliveries. Founded in 2016 and based in Austin, Texas, the company employs over 140 people and counts national clients including Pinnacle, Wood Partners, Alliance Residential, Lincoln Property Company, ZRS, Waterton and many other NMHC Top 50 firms. It currently operates in Dallas, Fort Worth, Houston, Austin, San Antonio, Seattle, Denver, Atlanta, Orlando, Tampa, Chicago and Phoenix, with Charlotte, DC and Portland slated to round out 2019. Fetch raised a $10.5m Series A led by Signal Peak Ventures, bringing total funding to more than $14m. The company intends to use the funds to continue to expand its business reach. Fetch is an off-site package solution for apartment buildings that accepts all packages at local warehouses and provides scheduled, door-to-door delivery directly to residents. Founded in 2016 and led by CEO Michael Patton, the company serves many NMHC Top 50 clients, including Greystar, Pinnacle, ZRS, and Wood Partners. The company raised $3M in seed funding in a round led by Silverton Partners. Fetch plans to use the funds to expand across Texas, partnering with current clients in Houston and Austin, and to further develop its software platform. It also intends to enable additional delivery services such as hassle-free package returns and dry cleaning. As part of the financing, Kip McClanahan of Silverton will join Fetch’s board of directors.

Participated · Series B · May 2021

Oculii develops AI software that significantly improves the imaging performance of low-cost, commercially available radar sensors, claiming up to a 100-fold increase in spatial resolution. The company intends to scale via software licensing to radar companies rather than building automotive hardware, though it does manufacture sensors for robotics clients. Oculii works with multiple OEMs and has an existing commercial relationship with General Motors; the article notes another OEM is on the company's cap table. CEO Steven Hong says the software approach scales with data and gets cheaper over time relative to hardware. The startup recently closed a $55 million Series B and shortly afterward received an additional investment from GM. Those financings are positioned to support wider adoption of Oculii's radar-improvement tech across the automotive supply chain. Oculii builds a smart software layer for existing radar systems and also sells its own high-resolution radar units (Eagle and Falcon) that it says enable far greater spatial detail. The company claims its AI-driven, adaptive waveform approach can improve radar spatial resolution by up to 100x and leverages temporal integration to produce “4D” sensing. Oculii works with Tier‑1 suppliers and OEMs (one of which, HELLA, is also an investor) and has commercial contracts targeting 2024–2025 deployment. It competes with other novel radar approaches but emphasizes software-driven resolution improvements and hardware-software synergy. The firm intends to use the new funding to scale operations, hire, and continue investing in technology to deliver higher resolution, longer range, more compact and cheaper sensors. The article frames Oculii as positioning radar for a larger role in autonomous vehicle perception stacks.