Participated · Series E · Jun 2022

Omio operates a multimodal travel distribution platform that lets travelers search, compare and book journeys across rail, air, bus and ferry. The company sells more than 100,000 tickets daily, employs over 470 staff from more than 50 countries, and maintains offices including locations in Singapore and Bangalore. Omio’s portfolio includes Omio consumer and B2B offerings, Rome2Rio, and, pending completion, Rail Europe. It is expanding its transport network and partnerships in Japan and Southeast Asia, citing strong demand on routes such as the Golden Route and more remote destinations. Omio plans to grow regional teams, strengthen local operator partnerships (including Kōbe and Willer Express), and leverage its AI-focused technology hub in Singapore. The company aims to be in more than 70 markets worldwide by 2028.

Led · Series D · May 2022

Newfront offers a software-driven platform that modernizes insurance, retirement solutions, and employee benefits by replacing legacy paperwork and systems with an integrated system of action. The company partners with insurance professionals and leverages their client relationships—estimated to account for 98% of the market—to distribute its platform. Newfront automates workflows and processes to boost productivity for insurance and benefits professionals, which the company says has driven average book growth at roughly 2x the industry average. The platform also reduces the cost to serve and significantly lowers operating costs as a percentage of transacted revenue. Newfront positions its business model to grow as new insurance professionals join the platform, existing professionals increase sales productivity, and profitability improves with scale. The company has been recognized by the Fintech Breakthrough Awards (2022) and was listed on the Forbes Fintech 50 in 2021. Newfront is a San Francisco-based commercial insurance broker founded in 2017 that combines software and insurance experts to modernize the brokerage model. The company says it has rebuilt the brokerage workflow to deliver more transparency, efficiency, and data-driven risk management to clients. Newfront attributes rapid growth to a team blending insurance-industry experience from firms like Alliant, HUB, and Lockton with technology-industry experience from companies such as Uber, LinkedIn, and Intuit. Leadership additions include Garth Hamilton, former Chief Sales Officer at HUB International, who joined citing Newfront’s team and vision. The company reports it has built a strong and thriving business over the past three years and has invested in an internal platform to resolve operational challenges of a technology-driven brokerage. Management says it is looking toward significant and sustained growth over the next eight quarters; the company recently completed a financing that values it at $500 million.

Led · Equity · Oct 2021

Bolt provides a one-click checkout product that bundles payments and fraud protection and lets shoppers create a single account to use across a network of hundreds of Bolt merchant brands. The company also integrates embedded commerce technology following its acquisition of Tipser to enable direct checkout on any digital surface. Bolt is investing the new capital to hire talent, pursue strategic acquisitions and expand into Europe, while rolling out new consumer and social-commerce products to place its checkout across channels. Operational momentum cited in the article includes an 80% increase in gross merchandise value per merchant, 180% growth in accounts over 2020 and 200% year‑over‑year transaction growth; Bolt projects 100 million shoppers could join its network in the next 18 months. The company employs more than 550 people working remotely across over 200 cities and is focused on unbundling the Amazon buying experience (fast shipping, returns, tracking, membership benefits) for merchants. Bolt provides a federated One-Click checkout experience platform that connects registered shoppers to a cross-brand network of retailers, enabling fast, safe, and easy checkout on any device. The company addresses checkout complexity, fraud detection, and digital wallets, and claims conversion rates 50% higher than guest checkout. Bolt also states it can cover 100% of fraudulent chargebacks, underscoring confidence in its fraud-detection technology. Bolt partners with hundreds of retailers, has thousands more coming online, and has crossed 10 million registered shoppers. The company was named to the 2021 Forbes Fintech 50 list and is headquartered in San Francisco, California. Bolt has stated plans to bring one-third of all U.S. shoppers onto its platform by 2022 and has raised over $600 million in total funding to date. Bolt’s core product is a checkout platform it says is faster than industry averages and drives higher conversion; it also offers integrated payments, fraud protection and shopper accounts to power personalization and trust. The company is a hybrid payments-and-software business, generating revenue from payment processing and SaaS fees for services like fraud protection. Bolt reported processing around $1 billion in transactions this year (roughly 3.5x 2019 GMV) and said it has grown shopper accounts from about 450,000 in December to roughly 4.5 million now, targeting 30 million next year. Management projects roughly 3x GMV in 2021 (about $3 billion) and attributes part of its growth to an agreement with Authentic Brands Group. Bolt plans to use new capital to handle market demand, move upmarket and expand engineering and sales support for larger customers. The product and account growth are intended to feed more data into its anti-fraud and checkout personalization tools. Bolt is a San Francisco-based checkout experience platform that provides a frontend checkout and a full stack of features and integrations that checkout touches. It integrates with ecommerce tools, shopping carts, and payments processors including BigCommerce, Magento, WooCommerce, Salesforce Commerce Cloud, PayPal, Apple Pay, AfterPay, Stripe, and Braintree. Customers include BadgleyMischka.com, Cariloha, Dita, Hyperice, PuppySpot and POLYWOOD. The company is led by CEO and co-founder Ryan Breslow. Bolt raised $50m in a Series C and intends to use the funds to expand operations and its business reach. The financing brought the company’s total funding to nearly $140m. Bolt provides an integrated checkout platform that combines payment processing and fraud detection to streamline the buying experience for online retailers. Its dynamic checkout optimizations and conversion-focused fraud tools helped customers realize more than $25 million in new revenue. The platform has processed an annualized payment volume of over $1 billion and handled more than 1.5 million transactions. Bolt has grown from ten people working out of a loft in San Francisco to more than 125 employees across three offices. The company sells an all-in-one alternative to piecing together multiple solutions for checkout and payments. Bolt plans to use new funding to scale engineering, add enterprise functionality for large retailers, partner with additional eCommerce tools, build advanced shopping-experience features, and expand global capabilities.