Participated · Equity · Oct 2021

Invicti Security provides dynamic and interactive application security products, including the Acunetix and Netsparker product lines. Its software is designed to enable organizations to scan their entire web footprint for vulnerabilities and facilitate remediation through integration into developer workflows. Led by founder and CEO Ferruh Mavituna, the company serves more than 3,100 customers worldwide and has scanned more than 800,000 websites to date. The company is based in Austin, Texas and Boston, Massachusetts. Invicti intends to use the new funding for continued growth and product development initiatives. It received a $625M growth investment expected to close during the fourth quarter, subject to standard closing conditions.

Led · Equity · May 2021

Redwood Software offers a range of cloud-based business and IT process automation solutions. The company serves thousands of global customers, including Coca-Cola, Airbus, Siemens, Mercedes Benz and UBS. It is headquartered in the Netherlands and was founded almost 30 years ago by CEO Tijl Vuyk. Redwood says it will use the fresh capital to bolster its automation platform. The firm emphasizes bringing modern automation to every enterprise and sees the new investor as a go-to-market partner to help achieve that goal.

Led · Equity · Oct 2018

thinQ operates a cloud-based communications platform accessible via a powerful API that enables businesses to manage carrier services for voice and SMS. The platform includes toll-free least-cost routing (LCR) and a disaster recovery solution that lets contact centers and enterprises route based on cost, uptime, and call quality. thinQ’s products cover termination, origination, SMS and full API services for contact center, enterprise, and service provider customers. The company has surpassed 1,000 customers, driven by demand for its customizable and intuitive carrier-management capabilities. Funds from the recent financing will be used to accelerate product development, support rising demand, and expand the team. thinQ is headquartered in Raleigh, N.C., with team members also located in Brazil and Argentina.

Led · Equity · Feb 2017

Mailgun Technologies, based in San Antonio, Texas and led by CEO Will Conway, provides email API technology used by over 150,000 companies to send, receive and track email from within applications. Its platform combines infrastructure, developer documentation, developer tools and customer support to deliver high deliverability across transactional and marketing use cases. Software development teams at Lyft, GitHub, Iterable and Indeed embed Mailgun to power high-volume and high-frequency messaging. The company intends to use proceeds from the transaction to expand its platform and accelerate product roadmap initiatives. The article does not disclose revenue, valuation or other financial metrics. Mailgun positions itself as a developer-first email infrastructure solution. Mailgun is an email delivery service that provides developers an API-driven way to programmatically send emails. The product is focused on developer experience and is positioned alongside services like Amazon SES and SendGrid rather than consumer tools such as Mailchimp. Its user base includes customers such as Slack, GitHub, Stripe and Lyft. Mailgun was Y Combinator-incubated, was acquired by Rackspace in 2012, and has now been spun out of Rackspace. The company says it will use new funding to accelerate its product roadmap, drive growth initiatives and expand customer support. William Conway, previously GM of Mailgun at Rackspace, will become the new company's CEO. Mailgun offers a programmable email platform for developers, enabling sending, receiving, parsing, storage, and search of email via a straightforward API. The product has evolved from a SendGrid-comparable feature set into a more robust email service provider. Mailgun charges based on messages sent/received and storage used rather than per-mailbox pricing, with a free tier and low-cost paid plans. The service powers about 600 clients — roughly 400 on the free plan and almost 200 paid customers. Pricing details in the article note a free plan allowing 200 messages/day and a paid plan at $1 per 1,000 messages plus $1 per GB/month of storage. Founder Ev Kontsevoy positions Mailgun as changing how developers integrate email into apps, likening the ambition to Twilio for email.

Led · Series A · Nov 2015

Test IO offers a self-service crowdtesting platform that lets developers, QA personnel, and product managers immediately spin up tests for apps and websites. The platform taps a network of more than 20,000 crowdsourced testers across 78 countries, with roughly 70% of tests focused on mobile devices. Customers include enterprise names such as Volkswagen and Red Bull, and the service is used by more than 500 developers, QA staff and product managers. Test IO emphasizes speed and scalability to meet shorter development and release cycles in the tech sector. The company is rebranding from Testcloud to Test IO and plans to use new capital to accelerate growth and expand operations in the U.S. by setting up a San Francisco presence.