Participated · Seed · Jul 2021

Stack Moxie builds a monitoring and testing automation platform for enterprise tech stacks. The company was founded in 2018 and is headquartered in Seattle. It has leaned on multiple startup support programs, including SaaS Launch Lab (a joint project of M12 and Project W), Seattle Techstars 2019, Women in Cloud and the WTIA Founders program. The startup reported significant revenue growth and doubled its number of customers in the first half of 2021, with existing customers expanding usage. Stack Moxie’s team includes CEO and founder M.H. Lines and 12 other employees, and leadership roles in sales, product engineering and customer success. The company has early enterprise customers and continued product development following initial onboarding and feature expansion.

Led · Seed · Jan 2021

Opticyte develops the Cell O2 Monitor, a medical device using tailored optical spectroscopy and proprietary algorithms to continuously measure cellular oxygenation to help prevent organ failure. The technology targets sepsis, aiming to provide clinicians earlier detection of organ dysfunction and guidance for interventions such as fluid resuscitation. Opticyte says the global addressable market for the Cell O2 Monitor is $3.4 billion. The company is a 2016 University of Washington spinoff headquartered in Seattle and is led by Co‑Founder and CEO Lori Arakaki, PhD. Opticyte plans a prospective observational study at Harborview Medical Center in Seattle in 2021 to evaluate clinical performance. The business has secured combined private and grant funding to advance development and clinical evaluation.

Participated · Equity · Jul 2017

Sharkbite Games is an eight-person studio made up of industry veterans working on PC and mobile titles. The team is developing two games: a casual mobile game due later this year and a more ambitious multiplayer title targeting PC and mobile for the mid-core space planned for 2019. The company was founded last year in Bellevue, Wash., and may explore virtual reality in the future. Sharkbite’s culture goal is to be a high-caliber studio where people love to work and play. The founders have not disclosed a revenue model and said the company will announce more later this year. Prior to the recent round, initial funding came from founder Rick Ellis, family and friends.

Led · Equity · May 2017

Accrualify provides procure-to-pay spend management software that automates purchase order approvals, accrual estimate bookings, invoice processing and vendor onboarding. Its suite of products targets the high cost to process a single supplier invoice, communication gaps between accounts payable and vendors or non-finance employees, excess manual data input, and the lack of a single source of truth for company spend. Products are available individually or as a suite and integrate with users' ERP systems and bank accounts. In 2018 over 10,000 users utilized the company’s platform. The company raised new funding to accelerate growth, expand its technology infrastructure, and produce product enhancements. Management plans further investment in machine learning and artificial intelligence as part of those enhancements. Accrualify provides a SaaS-based spend and vendor management platform that automates and streamlines processes enterprise-level accounting teams must complete daily. Core features include automated accruals, a self-serve vendor portal, and integrated electronic payments. Add-on modules include PO Manager, Invoice Automation, Payments, and the Vendor Portal. Led by CEO Benjamin Portusach, the company serves customers such as BitTorrent, ThoughtSpot, and TapClicks. The company will use newly raised funds to enhance its platform, expand operations, and grow sales. Accrualify is based in San Mateo, California.

Participated · Series A · Feb 2017

Utrip is a free travel-planning platform that uses predictive machine-learning to build personalized day-by-day itineraries with recommendations for restaurants, parks, nightlife, museums and more. The company leverages a travel database curated by local area experts to sort millions of combinations based on a traveler’s interests and budget. Utrip PRO, the white-label product, allows DMOs, hospitality groups and attractions to offer personalized travel planning on their sites. A companion mobile app provides access to itineraries, directions and personalized recommendations on the go. The company plans to use new funding to hire staff, grow operations, further enhance mobile applications, enrich its machine-learning capabilities and automate white-label infrastructure. Utrip was founded in Seattle in 2012 by CEO Gilad Berenstein; it completed a $4M Series A in February 2017. Utrip provides a free travel-planning platform that uses artificial intelligence to generate personalized itineraries based on users' interests and budgets. The platform sorts through millions of sites, activities, events and restaurant recommendations to deliver itineraries in minutes. Users can purchase lodging and share their itineraries with friends. The company just launched out of beta and is focused on expanding its user base and product. Led by founder and CEO Gilad Berenstein, Utrip plans to use the new funding for expansion and hiring personnel. Advisors on the board include Oren Etzioni and David Conrad, with Matthew D. Upchurch and Matt Klein recently joining the advisory board.