Participated · Equity · Jun 2024

CereTax provides a sales tax automation platform that leverages cloud technology and a relationship-first team of indirect tax experts to power enterprise sales tax calculations. The platform processes millions of transactions per month for enterprises, enabling reliable and compliant tax calculations. This year the company's revenue has more than tripled year-over-year and it has enabled 20+ channel partners. CereTax intends to use the new funding to further invest in product innovation and to support customers and partners. The company is led by CEO Mike Sanders and is based in Atlanta, GA. It also announced the addition of Robert Alvarez to its board of directors. CereTax offers an intelligent sales tax automation platform engineered to support complex business tax requirements and modernize tax calculation. The company's first tax automation solution was built to take advantage of recent technological advancements and was launched out of stealth. CereTax provides solutions for sales and use tax issues and related categories such as communications tax and buyer-side taxation. The company is headquartered in Alpharetta, Georgia. Following its emergence from stealth, CereTax is focused on expanding into multiple markets and increasing integrations with accounting and ERP platforms to drive user adoption. In August 2022 the company completed a $10.0M seed raise to fund that growth.

Participated · Series A · Dec 2022

Setpoint provides infrastructure software (Asset OS and Capital OS) that digitizes, organizes, and verifies asset and funding data to automate credit facility management. Its platform targets originators, lenders and capital markets participants across auto, consumer, SMB and real-estate asset-backed lending. Setpoint reports 6x year-over-year revenue growth and facilitates nearly 100,000 transactions annually; its affiliated capital provider has funded over $3.5 billion in real-estate transactions managed on the platform. The company is approved by major rating agencies including Moody’s, DBRS, KBRA and S&P. Setpoint aims to reduce errors and inefficiencies caused by manual processes and to make credit transactions faster and more accurate. Going forward it plans to expand engineering and data-science teams and leverage machine learning and large language models to improve asset-data verification and calculations. Setpoint has built software that acts as an operating system for originators, aiming to be the “Stripe for credit” by making loan transactions instant, automated and error-free. Its platform verifies and stores documents, automates interest-rate calculations and digitizes assets such as homes to speed closings. The company initially focused on proptech and real estate transactions and counts customers including Opendoor, Offerpad, Orchard, Backflip and Wander. Setpoint also operates as a lender, and has loaned or guaranteed over $2 billion in capital to companies like Homeward, Opendoor, Flyhomes and Houwzer, while using its software to reduce capital risk. The SaaS business reported revenue growth of 13x year-over-year through Q3 2022 and net dollar retention of +224% per quarter in its first five quarters. It is expanding beyond real estate into broader asset-backed lending, including single-family rental, fractional models and rent-to-own, and is scaling its engineering and operations teams. The company said it was on track to power 25,000 home transactions this year and expects to power more than 100,000 in 2023. Setpoint provides a flagship SaaS platform that automates and accelerates modern real estate transactions for proptech companies, offering workflow tools for document collection and verification, collateral management, treasury services, facility management, and expedited valuations. The company pairs that technology with $615 million in bridge debt capital, which it lends to proptech partners to finance transactions and enable contingent-free cash offers. Setpoint's platform powers “Buy with Cash” and “Buy Before You Sell” options and is already used by Homeward, Flyhomes, Reali, and Houwzer. The company announced general availability of its technology and said it is on track to help power 25,000 home transactions in 2022. Setpoint says its tools can reduce closing times from weeks to as little as 40 minutes once parties are in contract. Founded in 2021, Setpoint aims to make homeownership more accessible by combining out‑of‑the‑box infrastructure and flexible capital to scale alternative real-estate financing models.

Participated · Seed · Sep 2022

Dyania Health develops the Synapsis AI platform to extract and analyze insights from structured and unstructured clinical data. The platform automates reading of physician notes, pathology reports, lab results, and supports workflows such as clinical trial pre-screening and chart reviews. Dyania trained a large language model on annotated electronic medical records during the COVID-19 pandemic and operates the solution locally with HIPAA and GDPR safeguards. Cleveland Clinic has been an early adopter and is implementing Synapsis enterprise-wide after a year-long collaboration, including work with its Heart, Vascular, and Thoracic Institute. Leadership includes executives with backgrounds at Amazon and Bloomberg. The company, based in Atlanta, Georgia, with 11–50 employees, plans to use recent funding to enhance product offerings and scale operations. Dyania Health builds natural language processing technology that applies a prescriptive, rule-based approach using in-house medical and scientific expertise. Its platform is HIPAA compliant and is designed to drive clinical research, speed drug development, and improve patient outcomes. The company emphasizes a team of NLP data scientists, physicians, and serial drug inventors with experience at institutions including UCLA, Harvard Medical School, Northwell Health, and Kite Pharma. Dyania intends to use new funding to scale algorithms and engineering, advance product development, and expand pharmaceutical client support. The company was founded in 2019 and is based in New York City. Financially, it completed a seed fundraising event in 2022 to support those growth priorities.

Participated · Series B · Feb 2021

Interplay Learning is an Austin, TX-based provider of immersive career development and skilled trades training. Its platform combines hands-on 3D simulations, expert-led videos, knowledge checks, and personalized learning paths, delivering over 500 hours of courseware across multiple skilled trade paths. The company says its training enables rapid upskilling and job-readiness within weeks rather than years. Interplay plans to use the new growth investment to expand operations and development efforts and to move deeper into the industrial sector. It has acquired Industrial Training International (ITI) to support expansion into crane, rigging, and load handling training. Since 2016 Interplay has trained more than 250,000 people and worked with nearly 2,000 businesses and educational organizations. Interplay Learning develops and delivers online and virtual reality training simulations for the essential skilled trades, including HVAC, plumbing, electrical, solar, multi-family maintenance and facilities maintenance. Founded in 2016 and led by CEO Doug Donovan, the company offers a next-generation training platform used nationwide. It serves more than 2,000 customers and has over 110,000 users across the U.S. Products combine digital learning simulations with VR to prepare workers to be job-ready for trade roles. The company intends to use new funding to expand operations and broaden its business reach. Owl Ventures’ managing director Ian Chiu will join Interplay’s board following the financing. Interplay Learning delivers scalable training for mechanical, electrical and industrial workforces using virtual reality and 3D simulations. The company’s subscription-based platform offers monthly and annual pricing and targets industries including HVAC, electrical, energy auditing, solar install, manufacturing and construction codes. Interplay has developed simulation training expertise over the last eight years. The company plans to use new funding to hire talent for its Austin offices and to expand its customer success team. Management also intends to accelerate expansion into new markets and to develop new platform features. The business recently completed a Series A financing to support these initiatives. Interplay Learning is an Austin, TX-based training technology company that provides a 3D interactive training platform to education and professional markets. Led by CEO Doug Donovan, the company focuses on trades including HVAC, electrical, energy auditing, and manufacturing. It recently unveiled a virtual reality demo at the Solar Power International Show. The company intends to use new funding to accelerate its move into delivering 3D simulation-based and virtual reality training for middle-skills and professional trades. Interplay raised $1M in funding and also won a $1.25M cooperative award from the U.S. Department of Energy SunShot Initiative to develop an online solar training platform featuring 3D simulations and an intelligent learning system. The DOE award is intended to accelerate development and launch of the solar training platform to speed skill building for immediate on-the-job results.

Participated · Series A · Oct 2020

HUVRdata provides a cloud-based software platform that streamlines and standardizes inspection workflows for industrial asset owners and service providers. Its open platform aggregates inspection tools, third-party service data, digital checklists, and native databases into a single standardized repository. The platform enables analytics and visualization of trends across fleets, sites, and individual assets. HUVRdata serves customers in alternative energy, oil and gas, maritime, and other industrial sectors. The company intends to use the new funding to accelerate product development and continue delivering solutions and services to its customer base. The product focus is on driving operational efficiency through aggregated inspection data and actionable insights. HUVRData, founded in 2014 and led by CEO Bob Baughman, builds drone-based inspection and cloud analytics services. The company provides data intelligence to customers in wind, solar, oil and gas, and industrial agriculture. It focuses on regular, ongoing turbine assessments for wind farms to identify and diagnose damage such as cracks and lightning strikes. Over the past 1.5 years HUVR built out its technology stack and secured full FAA approval for its commercial drone applications. The company has attracted customers across its target markets. HUVR intends to use the newly raised funds to expand operations.