• Moovit

  Participated · Series D · Feb 2018

  Moovit provides iOS, Android and web apps plus a Smart Transit Suite that aggregates municipal and transit-operator data to deliver routing, analytics and mobility-management services; its apps are used by 120 million people across 2,000 cities in 80 countries. The Smart Transit Suite is based on a data-in/data-out model, enabling municipalities, transit operators and third parties to ingest Moovit’s data to manage networks and improve urban mobility. Moovit plans to use the new funding to expand its technology and business development and expects to surpass 1 billion users by 2021. As part of the raise it will collaborate with Mobileye to incorporate Moovit’s data into Mobileye’s navigation system. Professor Amnon Shashua, Senior VP of Intel and CEO/CTO of Mobileye, is joining Moovit’s board as an observer under the strategic investment. To date Moovit has raised around $131 million; it disclosed a $450 million valuation in 2015 but is not revealing its current valuation. Moovit is a transit app that combines information from public transport operators and authorities with live information from its user community to give travelers a real-time picture and suggest the fastest and most comfortable routes. Users can send active reports about their travel experience, such as bus congestion levels and cleanliness. The platform is available in over 700 cities and has over 30 million users. Founded in 2012 in Israel by Nir Erez, Roy Bick, and Yaron Evron, the company is expanding into markets that lack readily available public transit data. Moovit is launching in Bangalore, expects to launch three more cities in India before year-end, and is publicly launching four cities in China: Hong Kong, Shanghai, Guangzhou and Beijing. It intends to use the new funding to advance growth in markets like India and China. The company has raised over $81M to date. Moovit offers a free public-transport app that combines routing options and live journey data by tracking users' positions. The app aggregates multiple transit modes and integrates with taxi services—GetTaxi in Israel and Lyft in the U.S.—to help users travel from A to B. Moovit reports 15 million public-transport users across cities including Sao Paulo, Madrid, Barcelona, Rome, Milan, New York and LA. The company says it plans to monetize once it reaches hundreds of millions of users via added services, taxi connections, value‑add advertising and selling bus and train tickets. Moovit is available on iTunes, Google Play, the Windows Phone Marketplace and via moovitapp.com. It positions itself against competitors such as Citymapper and seeks to replicate Waze-style live-data advantages while saying an outright sale is not the company's goal. Moovit offers Android and iOS apps that combine crowdsourced user reports and public transit timetables to show real-time arrivals and fastest routes across buses, subways, trains and ferries. The product layers predictive analytics and pattern recognition on top of crowdsourced data to surface delays, crowded stops, and recurring issues. Users can send alerts about late vehicles or crowded stops and plug origin/destination points to get route suggestions. The company reports roughly 3 million users in a little over a year, with hundreds of thousands using the app daily, more than one billion handled requests, and over 10 million user-generated reports created each day. Moovit operates in 100 cities and plans to expand further into Asia while investing in backend technology and data analytics. The company is not currently generating revenue and its investors do not expect near-term monetization.

• Allset

  Participated · Series A · Oct 2017

  Allset began as an app for quick in-restaurant dining that lets users make reservations, order ahead and pay through the app, and it later added personalized, healthy recommendations at each restaurant. The company has expanded into takeout and recently launched a contactless takeout feature; it is waiving its 12% commission fee for restaurants offering contactless pickup and is promoting takeout with a daily $4 discount. Orders dropped roughly 60% as social distancing measures began, but have since rebounded about 10% as Allset signed up new partners, adding more than 200 restaurants in the past couple weeks, often in residential neighborhoods. Allset distinguishes itself from delivery apps by focusing on optimizing the takeout and quick-dining experience rather than building its own delivery logistics. The company says it may add delivery in the future but would likely partner with an existing delivery company rather than build logistics in-house. Allset’s core product is a mobile app that combines reservations with pre-ordering and payment so diners receive food within minutes of arrival and finish meals quickly. The company pitches that process as a way to eliminate typical restaurant wait times—targeting food delivery within five minutes and table turnover within about 30 minutes. CEO Stas Matviyenko says the system makes dining more predictable for time-constrained customers. Allset reports it works with more than 700 restaurants across nine cities, including San Francisco, New York and Los Angeles. The company positions the product to help full-service restaurants increase throughput and attract customers who otherwise avoid dining out when short on time. Allset frames its offering as bringing on-demand expectations to sit-down restaurants. Allset is a wait-free dine-in service that enables customers to book, order and pay for lunch before arrival. Launched in 2015 by Stas Matviyenko and based in San Francisco, the company focuses on improving the dine-in restaurant experience. Allset released a Facebook Messenger bot to allow diners to book, order and pay without downloading the app. The company also offers Allset for Business so local companies can provide company-paid lunches to clients and employees. It currently operates in San Francisco, Palo Alto and Manhattan, serving over 8,500 diners per month with more than 180 restaurant partners. The service is free for users; Allset earns 10% from each order charged to the restaurant. The company plans to expand into Los Angeles and Chicago and to invest in product research, development and marketing. Allset is a San Francisco-based mobile app that lets lunchtime diners book tables, pre-order food, and pre-pay bills. Led by CEO Stas Matviyenko, the company launched its app for free download on iOS and Android after testing at twelve restaurants in San Francisco and Palo Alto. Test partners included Arte Ristorante, Atlas Tap Room, Birba, Boulevard, Farmhouse Kitchen, Il Casaro, La Mar, Les Clos, Mochica, Prospect, The Lunchpad and The Monk’s Kettle. Beginning at launch, any restaurant in the United States is eligible to use the app for lunchtime reservations and pre-orders. Allset closed a $1.5M VC funding round with participation from SMRK VC Fund and private investor Alexandr Chernyak. The company intends to use the funds to expand operations.

• Wove

  Participated · Seed · Oct 2016

  Wove, formerly TapFwd, rebranded earlier this year after largely abandoning its prior mobile ads business to focus on a brand collaboration network. The platform matches companies and recommends partners based on market and customer demographics, then negotiates terms, develops promotional materials, executes the partnership and measures its effectiveness with built-in digital tools. Companies sign up and pay an annual fee to use Wove’s service. The product originated from customer demand and Wove counts HotelTonight, Turo and Winc as customers. With new funding, the startup plans to scale its engineering team to support the product’s growth. TapFwd operates a mobile data marketplace that gathers offline, online, and mobile data and maps it to device IDs to create a unified view of the person behind the mobile device. Led by Co‑Founder and CEO Alex Wasserman, the platform processes 250 billion data points daily across channels. The company provides mobile ad networks, publishers, and marketers with access to this marketplace. TapFwd intends to use newly raised funds to expand the capabilities and coverage of its marketplace. Founded in 2014 and based in San Francisco, the company announced a $3M seed funding round.

• Scentbird

  Participated · Seed · Mar 2016

  Scentbird operates a monthly subscription service allowing members to choose from over 500 designer and niche men’s, women’s, and unisex fragrances. The company has expanded beyond samples, launching a namesake line of personal care and home fragrance products. Scentbird has scaled rapidly, growing from roughly 400 subscribers to over 250,000 subscribers across the United States. Management said proceeds will be used to accelerate product innovation and market expansion, with added focus on consumer experience and hiring new talent. The founding team includes CEO Mariya Nurislamova, COO Sergei Gusev, CTO Andrei Rebrov, and CMO Rachel ten Brink. The business emphasizes product selection and customer experience as core drivers of growth. Scentbird operates a subscription service that delivers 30-day samples from a catalog of more than 450 fragrances for $14.95 per month, encouraging users to build scent profiles and leave reviews. The company has expanded beyond subscriptions with options to buy individual 8ml cartridges without a subscription and immediate shipping, plus gift boxes and a full-size purchase option with a site discount. It reports a $6 million run rate and has shipped more than 300,000 samples since launching at the Entrepreneurs Roundtable Accelerator in 2014. Scentbird aims to continue building out product offerings from its platform and broaden how customers discover and buy fragrances. The service emphasizes brand-name fragrances versus more artisanal competitors. Scentbird operates a subscription service for designer perfume and cologne samples sold online. The company was accepted into the latest Y Combinator accelerator batch. It recently launched Scentbird Men, a cologne-sample subscription priced at $15, the same as its women's offering. Founder Maria Nurislamova reported growth to 8,000 active subscribers over the past five months, up from fewer than 100 customers in September 2014. Scentbird is targeting the US market with a cited potential audience of 63 million women. The startup has attracted outside financing, including a $1M financing involving Y Combinator, 500 Startups, Dominion Capital and several business angels, plus a $650K investment from TMT Investments.

• Maxwell Health

  Participated · Series C · Mar 2016

  Maxwell Health offers a Health-as-a-Service platform that serves as an operating system for employee benefits, engaging employees and providing a centralized place to access health and benefits services. Its web portal and mobile app leverage data from multiple sources to enable more informed health solutions. The company’s technology is licensed by benefits brokers, TPAs, insurance carriers, PEOs, and other vendors for direct use with their employer clients. Led by Veer Gidwaney, Maxwell operates a marketplace of insurance, lifestyle, and financial products alongside its core platform. Following the recent fundraise the company plans to continue investing in its benefits and HR platform, its marketplace, and partner-facing solutions to serve small and mid-sized businesses across the country. Maxwell has raised $56.4M to date, including the newly closed Series C. Maxwell Health provides a Health-as-a-Service platform comprising a marketplace, a comprehensive benefits-administration system, and a mobile/web portal where employees access benefits, navigate healthcare, and manage health and wealth. The platform aggregates data from integrated services to deliver more informed health solutions and is licensed by benefits brokers, TPAs, carriers, and other vendors for use with their employer clients. Employers can offer fully- and self-insured medical plans, exchange products, dental, vision, life, disability, and financial benefits such as 401(k) and HRA/HSA/FSA through Maxwell’s system. Maxwell integrates third-party services including Doctor on Demand (telemedicine), Care.com (child care), Health Advocate (concierge services), HelloFresh (meal delivery), ID Watchdog (identity-theft protection), and BioIQ (biometric screening). Led by CEO and co-founder Veer Gidwaney, the company plans to use new funding to grow its team and continue expanding product functionality. The company operates from Boston, MA and New York, NY. Maxwell Health provides an enterprise software platform that helps brokers and employers (targeting companies with fewer than 1,000 employees) create and manage health insurance, payroll and a range of employee benefits, including 401(k)s. Launched in February, the company partners with insurance brokers—brokers pay monthly fees and the platform is free for employers—rather than trying to replace brokers. Its product set includes HR functionality from onboarding to retirement planning, private benefit exchanges that sync with existing plans, an employee incentivization system tied to fitness device data, and a concierge service that helps file claims, compare prescriptions and schedule appointments. The company reports a customer base "well into the triple digits," membership doubled over the prior six weeks, and revenue doubled quarter-over-quarter over the last six months. With new capital, Maxwell plans to invest heavily in customer service and to ramp up its sales and engineering teams. Maxwell Health operates a no-cost benefits-management platform for businesses that centralizes enrollment and administration for medical, dental, vision, life, disability, COBRA, HRA/HSA, FSA and 401(k). The platform gives employees a broader selection of insurance plans, advice on which to choose, and a portal to manage existing plans; employers get a dashboard to track hiring, employee engagement and company spending. Maxwell earns commissions on insurance plans chosen through the service. The company has dozens of businesses on board and is licensed to serve employers in 24 states. It launched in February and offers a concierge service that handles bills, insurance disputes and medical appointments, plus a wellness incentives program using fitness devices and points redeemable for rewards. Planned product additions include nurse on-call services and tracking/management for nutrition, sleep and stress. CEO and co-founder Veer Gidwaney said the new funding will be used to add features, increase outreach and build distribution.

No current team members are available.