Participated · Equity · Nov 2024

Tangible’s core offering standardises the data, documentation and ongoing reporting that lenders require, allowing robotics, climate, mobility and data-centre startups to obtain asset-backed debt more quickly and cheaply. Its AI-driven workflows and in-house finance experts cut underwriting time and cost for a network of private credit funds, hedge funds, equipment financiers and traditional banks. By replacing bespoke, manual processes, the platform lets founders run sophisticated debt facilities without building an internal structured-finance team. Tangible currently employs 13 people. The company intends to use its new capital to expand headcount and develop additional products that further streamline debt fundraising. Including this round, Tangible has raised roughly $9.8 million in external funding when combined with the £4 million ($5.45 million) round it closed in 2023. Management believes modern infrastructure is essential for scaling hardtech finance as institutional investors look for faster, lower-friction deployment mechanisms.

Participated · Series C · Oct 2021

Jupiter provides probabilistic, hyper-local climate-risk analytics via its ClimateScore™ Intelligence Platform and specialized services (FloodScore™, HeatScore™, WindScore™, FireScore™, ClimateScore Global™) to public- and private-sector customers. Its subscription service offers access to nearly 150 trillion data fields produced using cloud-based supercomputing. Jupiter serves 30 companies in the Global 2000, the U.S. Department of Defense, and FEMA, and its analytics are used across at least 20 sectors of the global economy. The company reports protecting over $10 billion of physical assets and more than $1 trillion of financial assets for customers including asset managers, banks, insurers, energy firms, and governments. Jupiter plans to use new funding to accelerate sales and customer support expansion and to increase R&D investment to deliver additional value to current and future customers. The firm emphasizes helping organizations incorporate climate risk into capital planning, supply-chain management, asset valuation, and resiliency planning. Jupiter offers predictive data and analytics to help safeguard critical at-risk infrastructure from extreme weather, sea-level rise, storm intensification, and rising temperatures driven by climate change. Its ClimateScore™ Intelligence Platform provides dynamic, hyper-local, probabilistic risk analysis from the current hour to 50-plus years. Product lines include FloodScore™, HeatScore™, FireScore™ and WindScore™, used across regions worldwide. Customers span asset owners in critical infrastructure, insurance and banking, energy, real estate, and the public sector for applications such as capital planning, risk management, site selection, and shareholder disclosures. The company is finalizing development of its FireScore wildfire product and plans to deploy an expanded suite of solutions in the coming months. Jupiter said it will use new capital to expand operations and accelerate product development to meet evolving needs in new geographies and rising demand as the global economy recovers. Jupiter Intelligence offers asset-level climate-risk analytics and predictive data derived from satellite imagery and advanced climate and statistical models. Its toolkit produces probabilistic, insurance-grade forecasts that translate global climate models into localized peril predictions usable by insurers, cities, airports, ports, power plants, and other critical infrastructure. The company delivers mapping visualizations via Mapbox APIs and offers VR damage-visualization through a collaboration with Oculus. Founded in 2016 by Rich Sorkin, Eric Wun, Josh Hacker, and Alan Blumberg, Jupiter operates from offices in San Mateo, Boulder, and New York and serves clients including New York, Miami, federal agencies, and major insurers. With a new $23M financing and prior backing from DCVC and Ignition Partners, Jupiter is positioned to expand internationally to Rotterdam, London, and Singapore. The firm emphasizes quantifying uncertainty so risk managers can integrate actionable, asset-level predictions into planning and resilience investments. Jupiter's ClimateScore™ Intelligence Platform ingests petabytes of data from millions of ground-based and orbital sensors and applies physics-based models and automated machine learning to deliver hyper-local (street-by-street or individual building) predictions. Forecast horizons range from two hours to fifty years, and the company said it will launch FloodScore™ and HeatScore™ services to predict and manage flood and heat risks. Jupiter delivers asset-specific, dynamic climate assessments that factor in a changing climate rather than relying on historical stationarity assumptions, and includes verification and validation modules for statistical confidence. Customers and use cases called out include property developers, critical infrastructure operators, the public sector and insurance companies, with delivery via API, interactive maps, reports or custom consulting. The team includes climatologist Dr. Betsy Weatherhead and urban oceanographer Dr. Alan Blumberg, and advisors such as Todd Stern and Neal Wolin. Financially, Jupiter has raised seed and Series A financing totaling approximately $10 million to date.

Participated · Series A · Jun 2021

Circulor provides an enterprise software platform that creates a reliable chain of custody for materials and attaches greenhouse gas (GHG) emissions and other ESG data directly to material flows. The platform helps customers demonstrate responsible sourcing, monitor inherited emissions from their supply chains, and underpin circular-economy initiatives. Circulor positions itself to make complex supply chains more transparent to help prevent exploitation of people and the planet. The company is headquartered in the UK and reports a global footprint across Germany, the U.S., Singapore, and Australia. In June 2022 Circulor raised $25 million in a Series B to support growth. The new funds will be used to expand its global footprint with a particular focus on the North American market. Circulor offers an enterprise software platform that creates a digital identity for commodities and tracks supply-chain data and embedded carbon using blockchain, business logic and machine learning. The platform provides full visibility across complex supply chains to support responsible sourcing, analyse emissions and improve sustainability. It has established commercial traction in the electric-vehicle industry and is used to trace materials such as cobalt, mica and lithium, and is expanding to nickel, copper, plastics and leather. Circulor is also deployed in circular-economy solutions, including remanufacturing of automotive parts, and helps customers meet upcoming EU Battery Passport requirements. Notable customers include Volvo Cars, Polestar, BHP, LG Energy Solutions and Vulcan Energy Resources. The company plans to extend its presence in North America and Asia and continue product innovation to accelerate impact and revenue growth.

Participated · Series A · May 2021

NatureMetrics provides end-to-end nature monitoring and impact reporting, combining environmental DNA (eDNA) technology with AI and other data sources to deliver site-level biodiversity assessments. The company operates labs in the UK and Canada and a partner lab in Indonesia, and serves customers across 110 countries. It employs a team of over 200 people and counts more than 600 organisations as clients, including Unilever, Anglo American, WWF and Fauna & Flora. NatureMetrics’ core product is its Nature Intelligence Platform, which integrates eDNA, bioacoustics, geospatial and other data to generate actionable biodiversity insights. The company plans to invest the recent funding into enhancing the Nature Intelligence Platform, expanding AI and digital capabilities, and broadening its global reach. These efforts are positioned to help clients meet rising regulatory and reporting demands such as CSRD and TNFD. NatureMetrics applies genetics to frontline ecology, providing comprehensive DNA analysis to monitor biodiversity across soil, freshwater and marine environments. The platform makes biodiversity measurable to help businesses transition to a nature-positive economy. Its first long-term data product in development, iNPI (Intelligent Net Positive Impact), combines eDNA with geospatial data to deliver landscape-level maps of biodiversity value and a managed service for site-based clients seeking quantifiable net gains. The company currently operates two eDNA labs in the U.K. and Canada and has delivered data on species ranging from bacteria to blue whales. NatureMetrics recently raised more than €14 million to scale its offerings and respond to rising demand from ESG-conscious investors and regulators. NatureMetrics is a nature-data business that surveys biodiversity at scale by identifying species from tiny traces of environmental DNA in soil and water. The company has processed tens of thousands of samples for clients worldwide, including WWF, supporting surveys from UK ponds to coral reefs in Mozambique and environmental impact assessments for wind farms, hydropower and mines. Over its five-year history the team has refined methods to extract and report minute quantities of DNA. The £6.5m Series A will fund relocation to Surrey Research Park, a three-month laboratory build-out and scaling of biodiversity-data delivery to businesses, NGOs and governments. NatureMetrics plans to move up the value chain to supply nature data to ESG investors, consumer supply chains and governments and intends to grow headcount from 45 to about 70 by year-end. Separately the company secured a £250,000 Innovate UK grant to develop in-field detection methods for invasive species, expanding potential applications in conservation and disease monitoring.

Participated · Series A · Apr 2020

OpenInvest is a San Francisco, CA-based tech-enabled SMA asset manager that provides infrastructure technology enabling customization, direct indexing, and ESG investing at scale. Its APIs allow relationship managers to deliver factor portfolios, personalization, and tax optimization while maintaining discipline. The company’s Dynamic Custom Indexing (DCI) capabilities replicate strategies by directly purchasing underlying stocks, enabling direct indexing, personalized ESG investing, and enhanced tax efficiency. OpenInvest launched in 2015 and has formed partnerships including Legal & General Investment Management America and Bank of the West, and a commercial partnership with Resolute. The company intends to use the new funds to expand engineering capacity and grow its business reach across wealth and asset management platforms. Since launching, OpenInvest has raised $23.8M in total funding. OpenInvest provides a platform that delivers customized investment portfolios aligned with an individual’s or institution’s values. Users customize portfolios through cause-based investment screens—such as divestment from fossil-fuel producers, deforestation, the prison industrial complex or weapons—and by supporting themes like gender equality, LGBTQ rights, refugees and low-carbon leaders; they can also include or exclude individual companies. Each user’s portfolio auto-rebalances to track market indices, and the platform offers real-time impact reporting, shareholder voting, transparency, tax-loss harvesting and other features. Clients ranging from $100 to tens of millions of dollars in assets, and their advisors, use the platform to instantly launch portfolios that reflect specific environmental and social concerns while tracking any market index or specified investing strategy. Led by co-founders Conor Murray (CEO) and Joshua Levin (chief strategy officer), the company says it will use the new funding to accelerate growth and support continued technological innovation. OpenInvest is based in San Francisco and recently raised $10.4M in Series A financing. OpenInvest operates an accessible online financial advisory platform that lets retail investors select and combine investment screens tied to social and environmental issues to construct personalized portfolios. Its product allows users to include or exclude individual companies, with portfolios auto-rebalancing to maintain diversification and market tracking. Investment screens cited include climate change, fossil fuels, weapons manufacturers, gender equality, LGBTQ workplace treatment, deforestation, tobacco, companies funding the Dakota Access Pipeline, and companies supporting President Trump. The company was incubated in Y Combinator and is organized as a Public Benefit Corporation. OpenInvest is led by CEO Conor Murray and CTO Phillip Wei. The company raised seed funding and plans to use proceeds to accelerate hiring, grow its customer base, and continue product development.