• Omaha National

  Participated · Series B · Sep 2021

  Omaha National is a tech-enabled provider of workers’ compensation insurance that uses proprietary software to support its operations and claims handling. The company offers AM Best A (Excellent) rated workers’ compensation coverage through more than 2,500 agencies. Since launching in 2016 it has grown to more than 200 employees and over $140 million of in-force premiums. Omaha National positions itself as a full-stack carrier serving small to mid-size businesses with higher workplace injury risk. The company says it is strengthening its balance sheet to better serve clients and to pursue financial strength ratings. Management is building out the firm’s capital structure to match its long-term development plans. Omaha National combines proprietary software with an experienced team to provide workers’ compensation insurance and payroll services focused on small to midsize employers. Founded in 2016, the company leverages technology to improve claim outcomes, provide care to injured workers, and reduce unnecessary costs. It offers AM Best A (Excellent) rated workers’ compensation coverage through more than 2,500 agencies. Since launch it has grown to more than 190 employees and over $120 million in program premiums. Omaha National plans to continue expanding its advanced proprietary software and is transitioning to operate as a direct insurance writer.

• Genies

  Participated · Series B · May 2021

  Genies provides a software development kit and an application programming interface that developers can use to integrate avatar technology into apps, plus user-facing tools for creators without extensive coding know-how. The company enables creation of avatars, avatar fashion lines, accessories and other virtual creations, and allows users to turn creations into NFTs which can be traded on its marketplace, The Warehouse. Genies is testing consumer avatar creator tools through an invitation-only beta program and has formed partnerships with Warner Bros. Entertainment and Universal Music Group to enable artist avatars and avatar wearables. The company claims a 99% celebrity avatar market share. Genies will use the new funding to hire more engineers and to continue enhancing the core technology powering its avatar tools and surrounding ecosystem. Financially, the company announced the new round at a $1 billion valuation after raising $150 million. Genies builds customizable digital avatars and an SDK to integrate those avatars across apps and platforms, focusing on giving entertainers and users a digital presence. The company has secured partnerships with high-profile musicians such as Justin Bieber, Shawn Mendes and Cardi B, and brand deals including Gucci. It has rolled out avatar creation to all users through beta mobile apps and emphasizes that it is an avatar company first — not an NFT startup — even as it explores crypto-backed digital goods. Genies is launching an NFT/crypto marketplace and accessories storefront on Dapper Labs’ Flow blockchain in partnership with Dapper; the marketplace is expected to launch in the coming months, potentially as early as this summer. The startup says pandemic-era trends accelerated demand for wholly digital social spaces and that these dynamics helped drive recent investor interest. Genies began by creating cartoon-like 2D avatars for celebrities and has since rolled out more realistic 3D avatars plus a software development kit that partners like Giphy and Gucci can integrate. The company enables celebrities and everyday users to create avatars that can wear branded merchandise and appear across apps. Genies works with thousands of celebrities, including Shawn Mendes, J.Lo, Rihanna, Justin Bieber, Cardi B, and others. The company says it plans to expand its SDK partnerships to form a digital identity ecosystem that lets avatars move between platforms, framing that effort as a mini‑version of the metaverse. As part of an Asia push, Genies is opening an office in Tokyo and expanding its presence in the region. Financially, the company announced a $3 million investment from Bandai Namco to support that expansion; no revenue or user metrics were disclosed in the article. Genies creates lifelike cartoon avatars that users can style and export for use across iMessage, Instagram and other apps. The company pursues a three-pronged strategy: a consumer app that sells branded clothing and accessories for avatars, a digital talent agency that connects celebrities with brand partnerships, and a software kit for third-party apps to integrate Genies avatars. Brands including Gucci, Bird and New Balance have paid to style avatars or to have celebrities promote products via their Genies; celebrity accounts such as Scooter Braun’s and DJ Khaled’s have featured the avatars. Genies launched out of stealth in 2017 and relaunched its app in November 2018; the article describes it as a three-year-old startup. The company has attracted celebrity investors and backers including Carmelo Anthony, Kyrie Irving and 50 Cent and has leveraged that network to drive promotional deals. Financially, Genies raised a new $15 million round that brought total funding to $40 million and a valuation north of $100 million, but the CEO would not disclose revenue and the company is not yet profitable. Genies creates lifelike, personalized avatars that users can customize from millions of permutations and use to chat, share stickers, games, animations and AR across other apps. Its mobile apps let you chat through your avatar—which detects actions, places, things and emotions and offers corresponding animations—and support conversations with up to six friends. Genies is shifting away from scripted content toward algorithmic animation suggestions and is positioning itself as an avatar services company via a developer SDK. The SDK lets partners license deep avatar features (keyboards, stickers, games, AR) and includes brand integrations such as a Gucci wheel in the creator. Financially, Genies raised a $10 million party round to fund these strategies after previously raising $15 million in stealth at launch a year earlier. The product has attracted more than one million people who have customized avatars, and users spend an average of 19 minutes creating their Genie.

• Heal

  Led · Series A · Oct 2016

  Heal offers on-demand in-home and virtual primary care, telepsychology (California only), and digital monitoring, incorporating remote diagnostics such as iPhone-based EKGs and diabetic retinopathy tools. The company emphasizes continuity of care and persistent patient monitoring to make care more data-driven, timely and affordable. Heal has linked patients with more than 200,000 home visits since its 2015 launch. It has expanded treatment areas to include teletherapy for mental health and deploys hardware and digital hubs to gather remote diagnostics. Services are available in New York, New Jersey, Washington, California, Georgia, Virginia, Maryland and Washington, D.C., with planned geographic growth. Revenue or other financial operating metrics beyond visit volume were not disclosed in the article. Heal operates a technology-enabled doctor house-calls service that schedules on-demand or planned visits 8AM–8PM, 365 days a year. Since launching in March 2015, the company has delivered over 60,000 house calls and claims to have driven more than $41 million in healthcare cost savings versus traditional care alternatives. Heal says its proprietary technology lowers healthcare operating costs and bureaucracy by 65 percent and enables visits that last up to 28 minutes, compared with a national average of 13 minutes. The service is in-network with major PPO insurers and is offered as a health benefit by many large employers. Heal has expanded coverage to include Sacramento and the Inland Empire and is available to over 70 percent of California residents and most residents in Washington D.C. and Northern Virginia. The company also offers comprehensive disease management targeting the roughly 60 percent of Americans with one or more chronic illnesses. Heal plans to use new capital to pursue new markets, explore new business models, and advance its technology platform. Heal is a Los Angeles-based service that dispatches board-certified and licensed physicians for on-demand house calls and scheduled primary-care visits. Launched last year, the company already services the entire state of California and has cared for more than 10,000 patients. Patients can request an on-demand consultation within a two-hour window or schedule visits in advance; roughly 75% of repeat customers book ahead. Visits cost the price of a co-pay or a flat fee of $99, and doctors are available seven days a week from 8 a.m. to 8 p.m. Heal accepts insurance from Blue Shield of California, Anthem Blue Cross of California, Cigna Healthcare, Aetna and United Healthcare and will begin accepting Medicare payments by November. The company plans to use its new funding to develop its technology platform, increase marketing, and build out its roster of physicians as it considers expansion into markets with primary-care shortages. Heal is a California-based provider of on-demand primary healthcare services led by Dr. Renee Dua. The company offers doctors who are available in Los Angeles and San Francisco any time 8 a.m. to 8 p.m., seven days a week for services that include annual physicals, blood tests, specialist recommendations and prescription delivery. A new advanced booking option allows patients to book a doctor for the next day after hours. Doctors on Heal use medical technologies including an AliveCor ECG for near-instant heart health analysis, a CellScope otoscope to record HD-quality video inside a patient’s ear, and Electronic Medical Records to give patients easy access to their medical history. Heal secured $5M in funding and intends to use the funds to expand operations to 15 markets over the next 12 months.

No current team members are available.