Participated · Debt Financing · Aug 2026

Founded in 2014, inKind connects nearly five million guests with more than 7,700 restaurants across the U.S. The company provides restaurants with capital in exchange for food and beverage credits, which it sells to diners via its app while offering users up to 25% back in rewards. To date inKind has provided more than $600 million in funding to restaurants and has rewarded over four million users with more than $175 million in dining rewards. inKind positions its model as an alternative to expensive debt, dilutive equity, and discount-driven marketing for operators. Earlier this year the company raised $450 million to expand the platform to 10,000 additional restaurants and improve its in-app dining experience. The recent Liberty Mutual Investments financing is intended to further expand the restaurant network and support development of AI-native demand-generation tools.

Participated · Debt Financing · Jul 2026

Dwelly acquires independent UK letting agencies and migrates their operations onto an AI-first platform that handles tenant inquiries, onboarding, rent collection, maintenance, and compliance, reserving staff intervention for judgment calls. The company manages 15,000 properties with a £350 million rent roll and says its automation increases a property manager’s capacity to over 300 units from about 100 previously. Founded in 2023 by Ilya Drozdov, Dan Lifshits, and Dmitry Khanukov—who previously built and sold a 10,000-property rental business—Dwelly combined acquisitions with mandatory automation from the outset. Its operating model distinguishes it from software-only proptech and traditional roll-ups by owning agencies and enforcing platform-driven workflows. Dwelly plans product expansions including financial products for landlords and tenants and aims to scale into some European markets while increasing headcount substantially this year.

Led · Debt Financing · Jul 2026

Pearl Health builds an AI-driven platform that identifies at-risk Medicare patients, predicts risk, orchestrates workflows, and automates administrative actions to improve outcomes and lower total cost of care. The company emphasizes Performance Intelligence and is developing Care Orchestration AI agents to automate tasks like annual wellness visit scheduling, post-discharge follow-ups, and care management outreach. Pearl supports over 10,000 providers across more than 40 states and cares for over 250,000 Medicare beneficiaries, managing about $3.6 billion in annualized medical spend. Founded in 2020, Pearl reached profitability in 2025 and is projecting significant growth, including tripling its patient base from 2024 through the end of 2026 and delivering $500 million in projected gross savings. The company plans to use the new equity and debt capital to expand its AI platform, deepen enterprise and payer partnerships, enter Medicare Advantage, and launch new risk offerings.

Participated · Debt Financing · May 2026

Astranis designs, manufactures, and operates satellites for geostationary and other high orbits to deliver dedicated, secure communications networks to large enterprises, sovereign governments, and the U.S. military. The company reports five satellites on orbit and a commercial backlog in excess of $1 billion. Astranis has been selected as a prime contractor for initial phases of multiple U.S. Department of Defense Programs of Record, including PTS-G, Resilient GPS, and Andromeda. It employs roughly 500 engineers and operates out of a 153,000 sq. ft. headquarters in Northern California. The company is scaling manufacturing capacity to accelerate satellite production and meet rising demand from commercial and government customers.

Led · Debt Financing · May 2026

Torus designs, develops and manufactures mesh-based distributed energy infrastructure that integrates battery and inertial storage systems, AI-based management, cybersecurity, and long-term operations and maintenance. Its platform targets utilities, data centers, manufacturers and commercial and industrial facilities to improve resilience and reduce costs. The company is based in South Lake City, UT. Torus plans to expand manufacturing capacity and scale production at its new GigaOne manufacturing and assembly facility using the recently secured debt financing. The announcement did not disclose revenue, user metrics, or prior funding round details.