Led · Debt Financing · Mar 2023

SageSure operates a proprietary online quoting and binding platform and uses sophisticated risk modeling and scoring technology to underwrite coastal residential and commercial property insurance. The firm offers more than 50 competitively priced insurance products across 14 coastal states on behalf of carrier partners. SageSure serves nearly 400,000 policyholders and has more than $1 billion of inforce premium. The company says the recent capital will be deployed to support growth and create additional underwriting capacity for its carrier partners and producers in a challenging catastrophe market. Leadership describes the business as capital-efficient and intends to use the investment to expand distribution and strengthen its technology and underwriting capabilities. SageSure was launched in 2009. SageSure is a managing general underwriter based in Jersey City, NJ, specializing in coastal residential and commercial property insurance on behalf of carrier partners. Led by CEO Terrence McLean and launched in 2009, the company offers more than 50 insurance products across 14 coastal states via an online quoting and binding platform. SageSure uses risk modeling and scoring technology to support its underwriting. The company serves nearly 400,000 policyholders and has more than $1 billion of inforce premium. The firm secured a $50M expanded revolving credit facility to support a captive reinsurance vehicle and increase underwriting capacity. The facility will also support quota-share capacity with Anchor Re on behalf of SageSure's carrier partners and was provided by Wintrust Financial Corporation. SageSure is a technology-driven managing general underwriter that specializes in coastal residential property markets and is led by CEO Terry McLean. The company offers more than 50 competitively priced insurance products across 14 coastal states on behalf of carrier partners and distributes through a network of insurance producers and brokers. Since its founding in 2005, SageSure has grown its written premium to over $800 million this year, having more than tripled premium since 2017. It serves more than 400,000 policyholders. The company raised a $125M syndicated bank facility led by Citizens with joint lead arrangers ING Group, BMO Harris and East West Bank. The financing will enable SageSure to continue growth across its existing 14-state footprint.

Participated · Series B · Jul 2020

The Mom Project operates a platform that helps moms discover their economic potential and connects them with employers through hiring, education and retention solutions. It currently serves over 500,000 moms and 3,000 companies. The company raised $80M in a Series C led by Leeds Illuminate to accelerate adoption among moms. Additional participants included existing investors 7GC, Initialized Capital, OCA Ventures, Citi, High Alpha and Grotech Ventures, alongside Silicon Valley Bank. The company intends to use the funds to invest in product development, distribution, and team growth. Led by founder and CEO Allison Robinson and based in Chicago, The Mom Project says its suite aims to solve pressing labor shortages while addressing attrition, skill gaps and the need for greater diversity and empathy in the workplace. Serena Williams joined as a strategic advisor in 2020. The Mom Project operates a two-sided recruitment platform that connects women—particularly parents and those seeking flexible work—with employers posting roles targeted to that demographic. On the employer side it offers job-posting capabilities and HR analytics; on the candidate side it provides job listings, support and community resources. The company has grown to 275,000 users (up from 75,000) and doubled organizations posting jobs to 2,000, with an average user age between 28 and 44; roughly two-thirds of jobs on the platform are fixed-term. The Mom Project acquired startup Werk to add analytics tools for business customers and launched a $500,000 grant fund for small-business customers. With the new funding it plans to enhance enterprise tools for engagement and recruitment management and to build out interactive community features and forums for users. The pandemic has had a mixed impact, increasing demand for flexible roles while overall hiring slowed. The Mom Project operates a platform that helps mothers who paused full-time employment find and take on jobs, with a focus on flexibility and support services. Its marketplace lists mostly fixed-term roles today and the company handles transactions and payroll for those engagements, taking a cut and providing benefits. The startup is currently active in Chicago, Atlanta and San Francisco and plans to expand its job marketplace to more cities and broaden the services it offers to help parents juggle work and childcare. It runs programs such as a partnership with UrbanSitter to provide free childcare credits for interviewees. The company reports 75,000 registered moms and about 1,000 companies on the platform, including Procter & Gamble, BP, MillerCoors and AT&T. The Mom Project aims over time to increase full‑time opportunities while continuing to support contract and fixed‑term work.

Participated · Equity · Dec 2015

Rippleshot is a Chicago, IL-based fraud analytics startup led by CEO and co-founder Canh Tran. The company provides issuers, merchants and processors with a cloud-based platform that uses machine learning and data analytics to detect fraud. Its technology processes millions of payment card transactions in real-time to pinpoint when and where card-data breaches occurred, identify which cards are most at risk, and suggest mitigation strategies to prevent fraud loss. In August 2017 Rippleshot secured $2.6M in funding in a round led by KDWC with participation from CMFG Ventures. The company intends to use the funds to grow its technical team of developers and data scientists to expand in the credit union and banking market and to enter the merchant fraud detection space. The financing announcement coincided with the addition of Gloria Colgan, former president of PYMNTS.com, to Rippleshot's advisory board. Rippleshot is a Chicago-based fraud analytics company that provides banks and credit unions with a cloud-based machine-learning and data-analytics platform. Its technology processes millions of payment card transactions in real time to pinpoint when and where a data breach occurred and identify fraudulent activity. Following detection the platform provides banks with tools to update fraud detection rules to lower fraud losses while avoiding unnecessary card re-issuance. The company intends to use the $1.2M bridge funding to expand its sales, development and account management teams. The financing was led by KGC Capital with participation from UMB Bank, Wintrust and fintech accelerator SixThirty, and Jason Henrichs joined Rippleshot’s advisory board in conjunction with the round. The company is led by CEO and co-founder Canh Tran.