Participated · Series A · May 2025

SimpleClosure builds software to automate and streamline the process of shutting down companies, describing itself as “the Turbo Tax of shutting down.” Founder Dori Yona created the product after being tasked with a complex shutdown analysis while exiting his prior company. The platform aims to simplify legal, financial, and administrative winddown tasks for founders and boards. Demand was strong: by February 2024 SimpleClosure had crossed seven figures in annualized revenue and saw revenue grow 12x in 2024 versus the prior year. Before the Series A the company had raised $1.5 million in pre-seed funding and an additional $4 million shortly thereafter, bringing total disclosed funding to $20.5 million. SimpleClosure is partnering with service providers, including Carta, which is offering its customers a free consultation and a 10% discount on SimpleClosure’s services. SimpleClosure provides an automated, founder‑friendly service to simplify company dissolution and wind‑down processes, leveraging fintech, legal technology and AI to execute company‑specific closure plans and resolve obligations with customers, state agencies and team members. The product reduces time spent on shutdowns from months or years to days or weeks by automating manual and bureaucratic tasks. The company launched publicly in September 2023 and has since grown its customer base more than 6x and revenue more than 14x, now surpassing seven figures in annualized revenue. Customers range from bootstrapped businesses to well‑funded startups, and current referral partners include law and accounting firms, accelerators, and startup service providers such as Mercury. SimpleClosure plans to use the new funding to increase headcount across product & engineering and go‑to‑market functions to meet growing demand. SimpleClosure is a seven-person startup building a platform to automate and accelerate company shutdowns using fintech, legal tech and artificial intelligence. Its product covers onboarding, dissolution & wind-up, and the actual shutdown, preparing legal paperwork, securing stakeholder consents, handling IP, settling financial obligations and distributing funds to investors. The company says it can complete closures in weeks for a fraction of the cost of legacy providers (which can cost upwards of $75,000 and take nearly a year); pricing varies by company size and stage. SimpleClosure has been generating revenue since day one and reports exponential growth in paying customers since June, serving startups, corporations and LLCs and planning to expand into additional segments. Founders Dori Yona (a three-time founder) and CTO Nimrod Ram plan to invest the new capital into product and engineering development as they scale the platform.

Participated · Seed · Sep 2024

Mesa is an Austin, TX-based provider of a membership platform built for homeowners. Its product suite includes the Mesa Credit Card, which earns redeemable reward points on monthly mortgage payments and everyday household purchases. It also offers Mesa Mortgage, awarding reward points for new mortgages or refinancing. Led by CEO and founder Kelley Halpin, the company emphasizes giving members real value for every dollar they spend on their home. Mesa raised $24M in a debt and equity financing round and intends to use the funds to accelerate rapid growth and product development. The raise brings Mesa's total capital raised to $33M. Mesa offers mortgage origination and refinancing that include a credit-card-style 1% cash back on the loan plus an unsecured, homeowner-focused rewards credit card issued in partnership with Celtic Bank. The card awards 1 point per dollar for mortgage payments, 2x for gas and groceries, and 3x for home services, and points can be redeemed for cash back, travel, gifts, or to offset mortgage payments. The card carries a typical credit-card APR in the low 20% range and credit limits are determined by applicants' credit histories. Mesa plans to add benefits such as discounts at home-improvement merchants and credits toward big-box memberships and home maintenance. The company says it will monetize via interchange fees, interest revenue, affiliate revenue, and mortgage lead generation. Mesa emerged from stealth on an invite-only waitlist, discloses no user or revenue figures, and currently employs 13 people.

Participated · Equity · Nov 2023

CapitalOS offers a spend-management infrastructure that embeds into B2B platforms, handling the full user journey from onboarding to ongoing card management. The product eliminates the need for costly in-house development by providing a one-API-call integration that manages compliance, risk, underwriting, and debt. Designed by a team with experience at Stripe, Microsoft, Lyft, and Tipalti, the platform targets making spend management accessible to small businesses via the platforms they already use. CapitalOS is available to thousands of businesses through integrations with platforms such as Intuit QuickBooks, Workiz, and Roll Credits. The company says using its infrastructure can create new revenue streams for platforms, increase user retention, and unlock business spending data. The recently announced funding will be used to scale the business and support growth of its expanding network of software platform partners.

Participated · Seed · May 2023

Ballerine provides a platform that automates KYC and KYB decisioning by ingesting data from websites, social networks, company registries, sanctions lists, credit agencies and PEP databases to verify identities and assess risk. The product is available as a backend API that integrates with a customer’s systems or as a hosted front-end for teams that want an off-the-shelf solution. The core platform is open source (Apache 2.0) while the commercial entity develops proprietary features and services — including enterprise hosting, PII vaulting, audit logs, backups and disaster recovery — as part of its monetization strategy. Ballerine recently launched a hosted SaaS incarnation that is not yet publicly available and is currently serving clients "under the radar" to validate readiness for larger customers. The company emphasizes extensibility so customers can contribute to and customize the infrastructure as they scale and expand into new geographies or lines of business. Founded in 2022, Ballerine participated in Y Combinator and raised a small venture round last year before announcing its seed funding.

Participated · Series A · Mar 2023

StellarFi is a bill-pay manager that helps members build credit by charging a subscription ($4.99 or $9.99) to manage and pay recurring bills—including rent, subscriptions and utilities—and reporting those on-time payments to Experian, Equifax, TransUnion and Innovis. The company does not require credit checks or deposits, does not charge interest, and claims members see an average 26-point score increase in the first month; the average user score at signup is 580. Launched in late June, StellarFi scaled quickly via affiliate partnerships, neobank contracts and SEO, finishing the year with over $2 million in ARR and hitting $1 million ARR in 134 days. As a public benefit corporation, StellarFi focuses on financially disadvantaged communities and intends to build a marketplace to link members to lenders and provide access to capital through partners. The firm is still developing its mobile app and aims to “conquer the mobile experience” to drive engagement and lender access. Operationally, StellarFi reported zero defaults so far but has encountered significant fraud attempts and says it uses sophisticated algorithms to detect and quarantine fraudsters. StellarFi is a Public Benefit Corporation building a credit-building and bill-pay app that consolidates everyday bills and reports monthly payments to the three main credit bureaus. The company targets the 132 million Americans with poor or no credit and enables users to build credit through rent, utilities and other routine payments. StellarFi also offers rewards and cash back that users can apply directly to connected bills. The startup launched a public beta on March 14, 2022 in Austin, Texas and plans comprehensive money-management tools, partnerships for loan and credit card offerings, and financial literacy resources. StellarFi was founded by Lamine Zarrad, who previously founded neobank Joust (acquired by ZenBusiness) and served as Head of Product at ZenBusiness. The company recently closed an oversubscribed $7M initial funding round to deploy its platform and expand access nationwide.