Led · Series F · Dec 2025

Founded in 2014, Octane offers an end-to-end digital buying experience for powersports, RVs, boats, personal watercraft, and outdoor power equipment. Its platform pre-qualifies consumers online, routes them to dealerships for quick closings, and services the loans it originates. The company’s financing portal and underwriting engine have helped it originate more than $7 billion in loans, issue over $4.7 billion in asset-backed securities, and sell or commit to sell $3.3 billion of secured consumer loans since December 2023. Octane grew originations by more than 30 percent from Q3 2024 to Q3 2025 and operates on a GAAP-net-income-profitable basis. It works with 60 OEM partner brands and over 4,000 dealer partners, addressing markets worth a combined $150 billion. Recent product launches have further sped up customer acquisition for merchants and improved flexibility for borrowers. The company employs about 600 people across remote and hybrid roles.

Led · Series B · Jul 2025

Panacea Financial operates a vertically integrated fintech platform built specifically for doctors and doctor-owned practices, spanning banking, lending, legal, and advisory services. Since launching in November 2020, the company has processed more than $2 billion in loan applications and expects to surpass $1 billion in funded loans by 2025. Panacea emphasizes specialty-focused underwriting and reports average annual net charge-offs of just 0.3% since inception. The company uses a proprietary, AI-powered credit decisioning platform and has built in-house tools such as a Digital Account Opening product on its fiSense platform that lets physicians, dentists, and veterinarians open and fund accounts in under three minutes. Panacea says it will use new capital to expand its vertically integrated digital platform and accelerate development of intelligent, data-driven tools to personalize and streamline financial decisions for doctors. The business positions itself as a financial operating system for doctors, aiming to cover needs from student loans through practice ownership. Panacea Financial offers a focused financial platform and financing products for doctors and medical practices, aiming to integrate banking and financial services with healthcare expertise. The company plans to expand its technology, financial services, and healthcare teams and to introduce new products and services to build a more comprehensive, integrated platform for the doctor community. Launched in November 2020 and described as doctor-founded, Panacea has served thousands of doctors and their practices and operates a nonprofit arm that has provided more than $200,000 in scholarships and grants. Financially, Panacea reported it became profitable on a GAAP basis for full-year 2023, more than doubled revenues in the past year, and maintained excellent credit quality. Since launch the company has provided more than $450 million in total financing to doctors and practices and is the preferred financial services partner for 20 national and state medical, dental, and veterinary associations representing approximately 40% of active U.S. doctors. The funding is intended to support its goal of becoming the preferred financial services company for doctors nationwide.

Participated · Series D · May 2025

Bestow builds enterprise SaaS and underwriting software to help life insurers become more digital and more efficiently serve customers. Founded in 2017 and based in Dallas, the company originally operated as a direct-to-consumer insurer and processed over a million applications before pivoting in 2024. In 2024 Bestow sold its insurance carrier and consumer business to Sammons Financial Group and shifted focus to providing software and services to other life insurers. Its revenue model is enterprise SaaS and performance-based, with the bulk of revenue coming from usage fees; Bestow reported ARR grew 3x in 2024 and 10x over the past two years. The company has 167 employees and is considering international expansion while planning to launch new products and underwriting capabilities with proceeds from its recent financing. Bestow's customers include Nationwide, Transamerica, USAA, Sammons Financial Group, and Equitable. Bestow operates a full-stack digital life insurance platform that allows consumers to obtain coverage in minutes rather than months. The company has launched platform products including Protect API™ and sells through insurtech, carrier, fintech and partner channels. Leadership includes co-founders Melbourne O’Banion (CEO) and Jonathan Abelmann (President). Operating momentum cited by the company includes sales rising more than 450% year-over-year and the acquisition of a nationally-licensed carrier. Bestow has invested in growth initiatives and expanded distribution by moving into fintech and independent agent channels and hiring over 70 new team members. Senior hires added during the year include Chief Distribution Officer Steve Robinson, CFO Claire Martin, CTO Chris Copeland, Chief Underwriter Jennifer Richards, Head of People Lizette Fleher and Head of Product Adam Boender. The company intends to use new capital to launch innovative products, scale platform services, and accelerate growth into new distribution channels and partnerships in 2021. Bestow is a Dallas- and Austin-based fully digital life insurance platform that builds products and software to make life insurance more accessible. The company operates a direct-to-consumer arm and provides APIs that enable partners to offer bespoke life insurance coverage to their customers. Bestow closed a $50M Series B financing led by Valar Ventures, with participation from current investors NEA, Morpheus Ventures and Core Innovation Capital, and new investor Sammons Financial. The company intends to use the funds to expand nationally. Led by co-founders Melbourne O’Banion (CEO) and Jonathan Abelmann (President), Bestow also launched the Bestow Foundation, a 501(c)(3) nonprofit created to assist those most in need during a crisis or disaster. The foundation's first project is to help combat COVID-19 by donating to the CDC Foundation on behalf of current and new Bestow policyholders. Bestow is a Dallas, TX-based consumer life insurance company that leverages a proprietary algorithmic underwriting engine to instantly determine risk. Its platform gives consumers immediate access to comprehensive life insurance without working with an agent, lengthy applications, or medical exams. Led by CEO Melbourne O’Banion, Bestow is currently live in Texas and Utah. The company closed a $15M Series A, bringing total financing to more than $18M to date. The round was led by Valar Ventures with participation from existing investors New Enterprise Associates (NEA), Core Innovation Capital, 8VC and Morpheus Ventures. Bestow plans to use the funds to expand operations, development and business growth and aims to be available nationwide this year. Bestow is a tech-driven startup building an on-demand life-insurance service that streamlines underwriting using algorithms so customers can get policies without physicals or lengthy paperwork. The company replaces individualized physical exams with algorithmic probability matching and lets users complete the process over the phone. Bestow has not yet launched and plans to roll out its first product in the coming months. The startup raised $2.5M in seed funding, bringing its total cash to $3.1M. Founded by Melbourne O’Banion and Jonathan Abelmann, Bestow is targeting Americans who believe they need life insurance but haven’t purchased it (the article cites 44% in that segment; industry trackers note ~85% say they should have a policy while ~41% actually do). The company enters a competitive field that includes Mira Financial, Alan, Fabric, and Quilt.

Participated · Series D · Nov 2024

Neo Financial builds consumer financial products including a suite of credit cards, Everyday Accounts, Neo Savings, Neo Invest, and Neo Mortgage, and operates Neo for Partners which powers financial solutions for over 10,000 partners. The company serves more than one million customers and offers one of Canada’s lowest mortgage rates. Founded in 2019, Neo is headquartered in Calgary, Winnipeg, and Toronto and has raised more than $650 million in funding. It has been recognized as Canada's top-growing company by The Globe and Mail and placed #1 on the Deloitte Technology Fast 50 for three consecutive years. Neo recently completed a $150 million inaugural credit card securitization to access institutional capital and support growth of its credit card portfolio.

Led · Series B · Nov 2024

Parker offers financing that scales with merchants’ revenue and cash balance, with limits up to $10M and up to 90 days to pay on purchases. Its product suite includes banking products with FDIC insurance and high-yield accounts, accounts payable software, and advanced intelligence tools for financial monitoring. The company recently launched an analytics dashboard with real-time P&L, LTV and CAC metrics, cash-flow analysis, and benchmarking against peers. Parker integrates data from Shopify, Meta, and other platforms to power its insights and financing decisions. Since its Series A, the company has processed over $1B in payments. The company intends to use new capital to consolidate its market presence. Parker provides a charge card and credit products specifically for e-commerce brands, underwriting credit based on cash flow to offer limits commonly 10–20x higher than traditional business cards and up to $10 million for qualified customers. The product supports net terms on individual transactions and flexible statement cadence (daily or weekly) to improve cash flow for merchants. The company targets middle‑market e-commerce businesses doing $3M–$100M in annual sales and counts customers such as Amour Vert, Italic, SpikeBall, Canopy and Caraway. Parker’s revenue comes from interchange and transaction fees; since launch it has processed more than $300 million in transaction volume and reports a run rate close to $500 million. Founded in 2019 and a Y Combinator winter 2019 graduate, Parker plans to deploy new funding into product, engineering and go‑to‑market to expand nationwide and pursue additional financial products. The company says it has maintained runway through the pandemic, is working toward profitability, and expects to scale to access cheaper capital and upsell other offerings after establishing its core card business.