Led · Series A · Apr 2022

KINEXON develops a full Internet of Things (IoT) stack combining cloud software with sensors and connected devices to capture, analyze, and automate processes in manufacturing, logistics, and sports. The company is organized into KINEXON Industries and KINEXON Sports & Media, offering real-time locating and orchestration platforms used by customers such as BMW, Continental, Siemens, and Airbus. In sports, KINEXON provides live player and ball tracking for FIFA and 80% of NBA teams and serves more than 400 teams and leagues worldwide for performance tracking and broadcast enrichment. KINEXON says its technology improves productivity, sustainability, and cost reduction through real-time automation and automated content generation. The company has grown to more than 300 employees with offices in Munich and Chicago. KINEXON plans to use new funding to accelerate development of its automation operating system and to expand geographically across North America and Europe. KINEXON develops hardware and software combining sensor networks, edge computing, real-time process automation and ultra-wide band technology for industrial and sports use cases. Its technology is applied in production and logistics for automation and robotics, and in professional sports for performance analytics, injury prevention and next-generation fan engagement. The company serves more than 100 sports teams and leagues worldwide, including over 75% of NBA teams. After the first Covid-19 lockdown the team released SafeZone, a sensor-based contact tracing app that anonymously tracks distance and exposure time. KINEXON has reported annual triple-digit growth in recent years. The company plans to use financing to expand in Europe, the US and Asia and to accelerate product development in data analytics and artificial intelligence.

Led · Equity · Feb 2022

Qventus provides AI-based software that automates care operations across operating room and inpatient settings. The platform integrates with EHRs and leverages Generative AI, machine learning, and behavioral science to predict operational bottlenecks, recommend remedies, and automate processes. Its core offerings include Surgical Growth/Perioperative and Inpatient Capacity solutions that help care teams optimize patient flow and reduce cognitive load. In the last year its Inpatient Solution eliminated over 36,000 excess days for health system partners, saving them millions, and its Perioperative Solution generated $95M in annualized contribution margin in 2024 through Qventus-enabled cases. Led by CEO Mudit Garg and founded in 2012, the company intends to expand its AI Operational Assistants into new care settings beyond its current solutions. It plans to use recent funding to accelerate development and commercialization of those solutions. Qventus offers an AI-based SaaS platform purpose-built to automate care operations, integrating with EHRs and using AI, machine learning, and behavioral science. Its solutions target inpatient, perioperative, emergency department, and command center functions to improve operational workflows. The company partners with leading health systems, including Boston Medical Center, HonorHealth, M Health Fairview, Mercy, and Saint Luke’s Health System. Qventus is led by co-founder and CEO Mudit Garg and continues to expand its footprint across U.S. hospitals. Financially, the company recently attracted outside funding, including a $3M investment tied to prior growth financing announced in February 2022. Qventus provides AI-based software for care operations automation that integrates with EHRs. The platform uses AI, machine learning, and behavioral science to power practice solutions for inpatient, perioperative, emergency department, and command center settings. It partners with health systems including Boston Medical Center, HonorHealth, M Health Fairview, Mercy, and Saint Luke's Health System. Reported outcomes include fewer excess days, reductions in length of stay, and new cases added per operating room per month. The company is led by CEO Mudit Garg. Qventus plans to use the funding to expand its technology to additional hospitals and health systems across the United States. Qventus offers an AI/ML-driven software platform that streamlines and automates hospital workflows to improve flow, throughput and patient experience across emergency departments, perioperative areas, inpatient units, pharmacy and outpatient access. The platform acts as a “System of Action,” combining data, technology and people to enable real-time decision making and collaborative issue mitigation. Qventus provides modular capabilities for ED flow, perioperative scheduling, inpatient operations, patient safety and pharmacy operations. The company reports deployments at major U.S. health systems including NewYork-Presbyterian, Emory Healthcare and the Mercy health system, and its software has enabled more than 3.8M patient encounters to date. Qventus is based in Silicon Valley/Mountain View and plans to use new capital to continue rapid expansion of its AI-based platform across health systems. analyticsMD, based in Mountain View, CA and led by CEO Mudit Garg, provides an AI-powered hospital operations software platform. The platform collects large amounts of messy healthcare data, processes it in real time to predict issues and outcomes, and recommends immediate course-corrections that are sent to frontline teams. It addresses operational challenges across emergency departments, perioperative areas, inpatient and outpatient settings. The software is used by community, academic and public hospitals including Lucile Packard Children’s Hospital Stanford, El Camino Hospital, Sutter Auburn Faith Hospital, St. Joseph’s Medical Center, Medstar Montgomery Medical Center, Natividad Medical Center and Mercy. analyticsMD plans to use new funding for product development and to accelerate delivery of its AI platform to U.S. health systems.

Led · Series C · Feb 2022

RightHand Robotics is a Boston-based company that develops pick-and-place systems for warehouse order fulfillment, most recently the RightPick 3. The firm has logged extensive real-world hours and counts international customers such as Japanese wholesaler Paltac and European pharmacy apo.com. Its systems are deployed to automate picking operations for wholesalers and retailers. RightHand has previously raised from investors including GV, Menlo and Playground Global and has amassed around $100 million in funding to date. The company plans to use new capital for hiring, expanding office space and further global scaling. Market tailwinds including COVID-driven logistics demand, supply-chain strain and labor shortages have increased interest in warehouse automation, supporting RightHand’s growth prospects. RightHand Robotics develops a dexterous, high-speed pick-and-place robotic arm and gripper for fulfillment centers. Investors have highlighted the system’s dexterity and speed. The company announced a $23 million Series B and has raised roughly $34 million in total, including an $8 million Series A last year. RightHand says it will use the funding to build out its technical and business teams. The product targets a long-standing robotic picking problem that has become more pronounced with the growth of fulfillment centers and competitive moves like Amazon’s purchase of Kiva Systems. As part of the round, former Kiva CEO Mick Mountz will join RightHand’s board of directors. RightHand Robotics, based in Somerville, MA, has developed RightPick, a combined hardware and software solution for picking individual items. Led by co-founder Leif Jentoft, RightPick pairs a sensorized robot hand with a machine-learning backend. The system integrates with industry-leading robotic arms to handle thousands of different items. The company targets e-commerce order-fulfillment across pharmaceuticals, electronics, grocery, apparel and other industries. RightHand plans to use new capital to expand product development, hiring and marketing. The article reports the company raised $8 million in a Series A round.

Participated · Series A · Nov 2021

Novata offers a technology platform and ESG solution designed to help private-market investors collect, manage, and analyze non-financial data. The platform streamlines data collection, provides benchmarking and analytics, and contextualizes metrics to inform reporting and action. Novata launched commercially in April 2022 and added benchmarking capabilities in November 2022 to enable comparisons against public and private market industry averages. The company reports more than 3,500 private companies contracted to use its platform. Novata positions itself as a neutral, partner-agnostic intermediary to improve ESG transparency and reliability across the private markets. It is structured as a public benefit corporation and is majority controlled by mission-driven organizations and its employees. Novata offers a three-part, open-architecture ESG solution for private markets that includes a streamlined ESG reporting framework, a contributory database, and a secure, fee-based platform for data capture, analysis, reporting and benchmarking. The company positions its framework as free for all companies immediately to leverage, with a paid platform for objective ESG data and benchmarking against private and public peers. Novata was formed in partnership with the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network and is majority-controlled by mission-driven organizations and its employees. Beta customers are slated to access the platform before the end of the year, with broad access due to launch in early 2022. The company emphasizes an ecosystem approach that brings together non-profit and for-profit sectors to drive impact toward inclusive capitalism. Novata’s founding consortium and approach aim to address fragmentation in private-market ESG standards.

Led · Series D · Mar 2021

FourKites is a supply‑chain visibility platform that extends visibility beyond transportation into yards, warehouses, stores and beyond, using real‑time data and machine learning. The platform tracks more than 2.8 million shipments daily across road, rail, ocean, air, parcel and courier and reaches over 200 countries and territories. More than 1,100 global brands — including 9 of the top‑10 CPG and 18 of the top‑20 food and beverage companies — use FourKites. The company is pursuing rapid expansion in the APAC region, where it currently tracks shipments in 44 countries and territories and has seen significant recent growth. Over the last 12 months in APAC FourKites reported 240% growth in shipments tracked, 91% growth in new APAC customers, 70% growth in carriers tracking loads, 30% growth in ports tracked (now 270) and 315% growth in facilities tracked (now 7,000). To support regional growth FourKites plans to hyper‑localise its solution with investments in sales, customer service, operations and product localisation, initially focusing on Japan and then expanding throughout APAC. FourKites operates a supply-chain visibility platform that tracks and helps manage freight across road, rail, ocean, air and parcel. The company has grown its network to over 450,000 couriers and serves hundreds of corporate clients, historically including Coca-Cola, AB InBev and Walmart. Its core product integrates carrier data and acquired technologies; FourKites acquired Haven in April 2021 to add document-management capabilities and built a product called Dynamic Ocean. Leadership said some acquired software modules proved “highly unprofitable,” prompting the company to sunset Haven and concentrate integrations into a single global platform. In early August FourKites cut about 8% of its workforce—roughly 60 employees—mostly from acquired platforms such as TrackX. CEO Matt Elenjickal cited macroeconomic pressures and said the company is focusing on a path to profitability and shoring up the balance sheet over the next 18–24 months. FourKites provides a real-time supply chain visibility platform that automates the collection of complex, disparate transportation data and converts it into predictive insights using proprietary software and data algorithms. Its platform extends visibility beyond transportation into yards, warehouses, stores and other nodes, and it tracks more than 1 million shipments daily across road, rail, ocean, air, parcel and courier. FourKites reports over 400,000 connected carriers across 176 countries and is trusted by more than 500 major brands, including Walmart Canada, Dow, Eastman Chemical, Meijer, PetSmart, and The Michaels Companies. Customers use FourKites to reduce operating costs, increase on-time shipping performance, and improve customer service levels. The company is headquartered in Chicago and is pursuing continued product innovation and broader expansion of its visibility scope. FourKites builds freight-tracking software that gathers live location data on shipments from suppliers to retailers and factories, enabling more accurate predictions of when cargo will arrive. Its platform pulls data from suppliers such as Land O’Lakes and is used by customers including Kraft Heinz and Conagra. The company is pursuing expansion beyond trucking and U.S. domestic shipping. Financially, FourKites secured $50 million in new capital less than a year after its previous round. It raised $35 million last February and, per the article, has taken in $100 million since it was founded. The business is headquartered in Chicago and focuses on improving supply-chain visibility and ETA prediction. FourKites provides a predictive supply chain platform that delivers real-time visibility and execution for Fortune 500 companies and third-party logistics firms. Led by founder and CEO Mathew Elenjickal, the platform uses a proprietary algorithm to calculate shipment arrival times, helping customers lower operating costs, improve on-time performance, and strengthen end-customer relationships. The company has a network of more than four million GPS/ELD devices and covers all modes including ocean, rail, parcel and over-the-road. The platform is optimized for mobile. FourKites intends to use the funds for geographic and product expansion. Customers named include Unilever, AB InBev, Best Buy, Conagra Brands, Kraft Heinz, Nestlé, Perdue Foods, Smithfield Foods and US Foods.