Monthly Archives: April 2023

AUTOTECH VENTURES ANNOUNCES NEW $230M FUND

Marks the VC’s Third Fund to Support Leading Ground Transportation Startups 

MENLO PARK, Calif., April 20, 2023 — Autotech Ventures (Autotech), an early-stage venture capital firm with a mission to solve the world’s ground transportation challenges with technology, announced the closing of its third fund. The $230 million fund will be used to invest in Seed through Series C mobility-related startups.

Autotech has over $500M under management and has invested in more than 40 companies. Of its portfolio companies, five have gone public (including indie Semiconductor, Volta Charging, LYFT), four have reached $1B valuations (Outdoorsy, Volta Charging, indie Semiconductor, SWVL) and five have been acquired (DeepScale, XNOR.AI, Digital Motors, Drover, Frontier Car Group).

“Autotech Ventures’ third fund is among the world’s largest mobility-focused funds raised to date and further validates the investment thesis we pursued across our first two funds,” said Quin Garcia, Autotech Ventures managing director. “Since inception, we have recognized the macro-trends of connectivity, autonomy, shared use, electrification, and digitization of enterprise as tidal waves that are fundamentally transforming our industry. We continue to gravitate toward software, services, and capital-light hardware startups that will significantly impact the larger mobility industry.”

In an environment where VC funding is softening, having fresh capital available to invest in the best startups at lower valuations provides additional opportunity for outsized returns.

“This is our largest fund and will allow us to hunt for unique ideas and continue to lead early stage rounds in companies with strong teams and reinvest in follow-on rounds of the teams that are winning,” said Alexei Andreev, Autotech Ventures managing director. “Like the fantastic wines of Napa Valley, venture capital has vintages, and the best vintages often come from a time of down or less than favorable markets.”

As Autotech Ventures expands its portfolio, it is also expanding its leadership team with Tony Rimas who has joined the firm as a venture partner. Rimas, who is the CEO of Repair OnDemand, brings a wide range of experience from the automotive industry, including retail, financial services, aftermarket, and fleet services. 

“We’re double-clicking on automotive retail and repair, supply chain efficiencies, and the picks and shovels that enable electrification, off-road autonomy, and financial and digital enterprise,” said Dan Hoffer, Autotech Ventures managing director. “Tony is a seasoned auto commerce investor and will further expand our capabilities to pursue these markets.”

For more information about Autotech Ventures, visit www.autotechvc.com.

SOURCE Autotech Ventures


J.P. Morgan Growth Equity Partners Closes Inaugural Growth Fund with over $1 Billion in Commitments

Fund investing in growth stage companies across software, fintech, real estate and consumer technology

NEW YORK, April 20, 2023 — J.P. Morgan Growth Equity Partners (GEP) today announced the final close of its inaugural Growth Equity Fund (“Fund”), with over $1 billion in aggregate capital commitments raised from a broad set of institutions, family offices and individual investors across the Americas, Europe and Asia as well as J.P. Morgan.

Growth Equity Partners leverages J.P. Morgan’s global franchise to invest in companies ranging from Series B to pre-IPO stage across software, fintech, real estate and consumer technology sectors. The Fund has more than 80% of its capital commitments available to deploy in new investment opportunities and to help existing portfolio companies scale.

“We are pleased to have raised in excess of $1 billion for our inaugural fund, particularly in a challenging market environment where only two venture funds over $1 billion were raised last quarter1,” said Christopher Dawe, Managing Partner of the Fund. “J.P. Morgan Growth Equity Partners is well positioned to take advantage of the attractive investment opportunities in the current environment.”

“The team remains committed to identifying the next generation of category defining companies. Our goal is simple. We seek to partner with exceptional founders and bring the firm’s resources behind us to help build enduring companies,” added Dawe.

Since launching the Fund, GEP has invested in Plaid, Airtable, Codat and Thoropass (previously Laika), where the team has taken a hands-on approach and utilized JPMorgan Chase’s insights, data capabilities and global network.

About J.P. Morgan Growth Equity Partners and J.P. Morgan Global Alternatives
J.P. Morgan Growth Equity Partners is the technology focused late-stage venture and growth equity investment arm within J.P Morgan Private Capital. J.P. Morgan Private Capital provides customized financing solutions for private companies across the capital structure and is comprised of a growth equity arm and a private debt business. J.P. Morgan Private Capital is part of J.P. Morgan Global Alternatives, the alternative investment arm of J.P. Morgan Asset Management. With more than 60 years as an alternatives investment manager, $211 billion in assets under management and more than 800 professionals (as of December 31, 2022), J.P. Morgan Global Alternatives offers strategies across the alternative investment spectrum including real estate, private equity and credit, hedge funds, infrastructure, transportation and liquid alternatives. For more information: jpmorgan.com/am. J.P. Morgan Asset Management is the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.

An investment in the Fund will involve significant risks due to, among other things, the nature of the Fund’s investments and actual and potential conflicts of interest. There can be no assurance that the Fund’s objective will be realized. No guarantees, either expressed or implied, are made that the investment strategies described herein will perform as they are intended. Each investor should have the financial ability and willingness to accept the risks including, among other things, the risk of loss of a substantial portion, or all, of its investment, lack of liquidity, lack of diversification of the Fund’s portfolio, use of significant leverage by the Fund, and potentially higher fees and expenses than other investment alternatives, which may offset profits.

Securities products are offered by J.P. Morgan Institutional Investments, Inc., member of FINRA.

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1 Q1 2023 PitchBook – NVCA Venture Monitor First Look, April 5, 2023 

SOURCE J.P. Morgan Asset Management


Nayms raises at $80m valuation in a private funding round led by UDHC

LONDON, April 20, 2023 — Nayms, the world’s first fully-regulated marketplace for on-chain insurance, announced that it has closed it’s private token sale in a round led by UDHC, a leading DeFi investor headed up by the previous senior team at the Maker Foundation, which developed and deployed the MakerDAO protocol. UDHC is aiming to bring DeFi to the mainstream by funding and guiding projects that are building on established DeFi protocols.

Nayms has now raised a total amount of $12m and long-standing supporters such as UDHC, New Form, Tokentus and Keyrock participated in the latest funding round assisting the insurtech startup in their busiest year to come.

“As a fully-regulated marketplace for on-chain insurance, Nayms represents the next major step in risk transfer. Using blockchain technology, Nayms extends traditional risk markets using decentralized tools and features that take risk pricing and management to a new level,” said UDHC CEO Steven Becker. “Bringing on-chain capability to traditional markets creating a new, efficient, and transparent financial future is the primary focus of UDHC, and we believe the team at Nayms has the potential to shape that future.”

The Funding
Nayms will use new funds to expand its global team and accelerate the development of their marketplace for crypto-native insurance. Nayms plans to grow to further support its product development, marketing, and speed up global business expansion. The additional capital will allow Nayms to continue building an end-to-end marketplace to connect brokers, insureds, sponsors, and capital providers.

Pioneering a Future Insurance Market
The startup is reaching final stages of development before launching a number of insurance programs with the likes of Aon, Breach and Evertas. Thanks to the new capital it’s possible to accelerate the engineering efforts for continuous upgrades post-launch as onboarding continues for the first users of the marketplace.

Nayms was the first in the space to hold both the full Digital Asset Business Act license and Innovative Insurer General Business license out of Bermuda, allowing their insurance partners to conduct regulated insurance business on-chain for the first time.

Dan Roberts, CEO of Nayms stated, “It is very exciting for us to work more deeply with one of our very first investors and board members. The real experience that the UDHC team has continues to drive us forward as we navigate building and launching our proposition to the market. This round of funding has set us up for an extremely strong 2023, with all the right players behind us.”

Founded in 2019, the company aims to bring the insurance marketplace into the twenty-first century by building the world’s leading digital insurance marketplace for transparent, traceable, and tradable digital assets risk.

About UDHC
The UDHC is bringing DeFi to the mainstream by funding and guiding early-stage projects that build on established protocols. It focuses on supporting projects it believes will become the integrated ecosystem that provides the critical infrastructure of DeFi.

About Nayms
Nayms is building the world’s leading, fully-regulated marketplace for on-chain insurance. Through our work so far with the industry we are paving the way in providing a new digital asset risk market that allows regulated brokers and underwriters to find digital asset capital providers to share in the premium and liability entailed in covering digital asset risk.

SOURCE Nayms


Piva Capital Strengthens Team with the Addition of Adam Lasics and the Promotion of Roxanne Tully

Strategy and Operations Veteran Lasics Brings Expertise in Investing, Market Insight, and Portfolio Support

Emerging Investment Talent Tully Brings Product Development and Supply Chain Expertise to Lead High Potential Investments Across Industry

SAN FRANCISCO, April 20, 2023Piva Capital, a VC firm on a mission to back visionary founders and emerging technology companies transforming industry, today announced the expansion of its team with the appointment of Adam Lasics as Partner of Strategy and Operations and the promotion of Roxanne Tully to Principal.

“What sets Piva Capital apart is our incredible team and our commitment to transforming the industry’s trajectory,” said Ricardo Angel, the CEO and Managing Partner at Piva Capital. “With the exceptional team we have built to date, and the addition of Adam and the promotion of Roxanne, we are well positioned to fundamentally redefine trillion-dollar industrial markets and have a major impact on people and planet.”

Lasics joins as Partner of Strategy and Operations to amplify expertise across investing, market insights, and portfolio support

In this new role, Lasics will focus on investment strategy, deal analysis, and fund operations. He brings over 20 years of experience to Piva Capital, having worked at the intersection of strategy, finance, and energy in complementary investing and commercial roles. Lasics leverages his extensive experience at GE Ventures and GE Energy Financial Services, with $4 billion of transactions in venture capital and private equity, where responsibilities spanned deal execution, portfolio management, board director, and strategic planning roles.

Before GE, Lasics spent six years with McKinsey & Company as a consultant working in multi-disciplinary teams across various industries. He holds a M.B.A. from The Kellogg School of Management at Northwestern University and a B.A. from Rice University.

“Adam is a proven leader with deep strategic, investment, and operating experience, having helped drive the strategic direction of energy and technology companies worldwide,” said Mark Gudiksen, Managing Partner of Piva Capital. “His impressive track record leading key investments at GE Ventures and GE Energy Financial Services, GE’s $16 bn energy private equity and debt business, and his unique background in strategy consulting at McKinsey brings tremendous depth to our growing team – giving our portfolio/fund a foundation of unparalleled financial operations expertise.”

Tully Promoted to Principal to Lead Investments Across Industry

Tully, who joined Piva Capital first as a Summer Associate in 2020 and then as an Investor in 2021, is focused on identifying and supporting visionary entrepreneurs leading the world’s major industries to a more sustainable and resilient future. At Piva, she has been actively involved in multiple investments, including OneRail and Xage.

Before joining Piva, Tully spent four years with BioLite, developing innovative consumer energy products for off-grid communities around the world. There she managed the manufacturing, sourcing, and quality of various consumer electronics, including renewable energy generation and storage systems. Prior to BioLite, Tully worked as an R&D engineer for The Clorox Company, where she developed sustainable packaging solutions for a variety of brands. She holds an M.B.A. from Harvard Business School and a B.S. in Mechanical Engineering from Tufts University.

“One of Piva’s core tenants is to foster and recognize exceptional talent within our firm,” said Adzmel Adznan, Co-Founding Partner at Piva Capital. “Roxanne has exceeded our expectations when it comes to finding and supporting the talented entrepreneurs transforming industry. Her background in supply chain and product development has been an incredible asset to Piva. She has rapidly emerged as a ‘go to’ investor for companies in sectors including energy & storage, transportation, cybersecurity, and nuclear. We are so pleased to officially recognize her contributions with this much-deserved promotion.”

About Piva Capital
Piva Capital is a San Francisco-based venture capital firm investing in visionary entrepreneurs who are solving the world’s critical industrial challenges with breakthrough technologies and innovative business models. For more information, visit Piva.vc, or the company’s LinkedIn and Medium profiles.

Media Contact:
Mary Magnani
CodePR
[email protected]

SOURCE Piva Capital


Volumez Secures $20 Million in Series A Funding to Revolutionize Cloud Infrastructure

Koch Disruptive Technologies leads investment round, accelerating Volumez’s expansion into the U.S. market

SANTA CLARA, Calif., April 19, 2023Volumez, a modern cloud infrastructure company, today announced that it has completed a $20 million Series A financing round led by Koch Disruptive Technologies, with participation from existing investors, Viola Ventures and Pitango. The company’s innovative controller orchestration software harnesses the power of Linux to quickly execute modern data infrastructure workloads using a declarative interface that makes it easy to deploy a wide variety of applications in hybrid and multi-cloud environments.

Volumez will use the funds to continue to expand its customer base and grow its business operations in the U.S. while maintaining R&D execution in Israel.

“Volumez technology is set to revolutionize the data infrastructure market, allowing, for the first time, hybrid and multi-cloud deployments at scale with significantly improved performance and latency compared to state of the art on-premises solutions with cloud extensions,” said Chase Koch, Founder and CEO, Koch Disruptive Technologies. “This investment supports our vision to transform Koch Industries by partnering with exceptional entrepreneur CTO Jonathan Amit and CEO Amir Faintuch to bring Volumez’s groundbreaking technology to market.”

“The funding support from Koch Disruptive Technologies validates our investment in Volumez,” said Eyal Niv, Partner, Pitango First. “Volumez’s innovative technology breaks the bottlenecks inherent in traditional cloud architecture and radically transforms data services in the modern cloud. We welcome the partnership with Koch Disruptive Technologies, and are excited to be working with Amir Faintuch and his team in delivering the solution to customers.”

About Volumez

Volumez is revolutionizing modern data infrastructure. The pervasive adoption of large-scale data analytics, artificial intelligence, and machine learning systems across industries has created an unprecedented challenge. Businesses need a way to convert knowledge into intelligence quickly, easily and at scale. Volumez has the solution. The company’s innovative controller-less architecture composes direct Linux data paths between media and applications, solving latency and scalability issues and unlocking consistently high performance and high resiliency.

Learn more at volumez.com

Contact: [email protected]

SOURCE Volumez


Prism CEO And Flux Capital Partner Ari Stiegler Sees Favorable Market Landscape for Technology Firms

LOS ANGELES, April 19, 2023 — Ari Stiegler, CEO and co-founder of Prism, a first-of-its-kind lending platform for startup companies and employees, today commented on the promising market environment for disruptive technology startups and investors. Stiegler believes now is the ideal time to invest in early-stage, fast-growing companies as valuations have returned to more attractive levels after significant market consolidation since 2021.

“The recent correction in public and private markets provides a rare opportunity for investors to take advantage of historically attractive valuations in the technology sector,” Stiegler said. “Now is the time to deploy capital toward companies that are forging industries of the future. With inflation cooling and interest rates poised to plateau, we see a runway for the disruptors and innovators to regain investors’ favor and lead us into the next bull market.”

In addition to founding and leading Prism, Stiegler is managing partner of Flux Capital and has directed more than $200 million in transactions across venture capital, real estate and direct investments. His remarks follow the recent launch of Prism’s lending platform for employees of pre-IPO technology startups with valuations of $1 billion or higher. The platform enables employees to borrow against their company equity that was previously inaccessible without an acquisition or public listing.

Prism recently closed Seed and Series A fundraises totaling $26 million and signed agreements to begin originating loans in the coming months. The company maintains a strict underwriting process and offers competitive rates to meet the needs of the current financial environment.

“By launching Prism’s origination services, we are providing a superior liquidity solution as compared to a secondary sale or tender offer,” Stiegler said. “We are thrilled to provide much-needed liquidity to startup workers who have long struggled to access the equity they’ve earned in their company. Prism represents a win-win-win for startup leadership, employees and investors alike – providing shareholders with access to liquidity while allowing companies to attract and retain the top talent needed to increase shareholder value.”

About Prism

Prism partners with VC-backed private tech companies to offer liquidity to founders, employees, and investors. With Prism, employees can access cash and retain their equity’s future upside. Enabling employees to unlock illiquid stock-based compensation can significantly improve job satisfaction, employee retention, and recruiting efforts at a company. Prism’s loans are secured solely by the equity that each borrower posts as collateral, and have no personal recourse – meaning borrowers’ other assets are not at risk should the underlying equity decline in value. Prism’s loan marketplace tech platform, which facilitates originations between private shareholders and institutional lenders, is available to late-stage, venture-backed companies that partner with Prism.

SOURCE Prism


EHS and Risk Management Platform YellowBird Raises $6.25M in Oversubscribed Seed Round

PHOENIX, April 19, 2023 — YellowBird, a leading EHS and Risk Management technology platform, announced today the completion of its $5 million Seed round funding at an oversubscribed $6.25 million. The funding round was led by Rebalance Capital and Manifold Group, and joined by QBE, Nationwide’s Venture Capital team, Plug and Play, Cameron Ventures, and other investors.

This funding will help YellowBird continue on its growth trajectory, further invest in building technology, and accelerate its customer acquisition and marketplace strategy. YellowBird plans to hire engineering team members to continue developing advanced technology, growing the customer success team to improve client satisfaction and invest in sales and marketing advancements.

YellowBird has grown exponentially in the past two years, with sourced jobs in 42 states. YellowBird has achieved 2x year-over-year revenue and supply growth two years in a row with Environmental, Health and Safety (EHS) professional flex workers. YellowBird’s customer list features Fortune 100 companies, including Nationwide and QBE Insurance, along with major brands in manufacturing, construction and energy. Working EHS and Risk Management Professionals on the YellowBird platform earn an average of $75 per hour.

“We are thrilled to have completed this funding round with the support of two of the nation’s most highly respected impact venture capitalists and two of the largest global insurance brands,” said Michael Zalle, Founder and CEO of YellowBird. “This funding will provide resources to continue developing our platform’s technology, particularly artificial intelligence, performance tracking and delivery efficiency, as well as introduce upskilling opportunities for our professionals. Our goal is to help EHS and Risk Management Professionals earn more with greater flexibility and create equitable access to work in the process.”

Josh Tanenbaum, Managing Partner at Rebalance said, “We are immensely impressed by YellowBird’s scalable solution for matching skills in the historically fragmented and friction filled EHS industry. Equally important, they are creating equitable access to work for all levels of education and ability. We are proud to be part of this journey and the contribution this business is making to workforce development.”

Brett Klein, Partner at Manifold added, “YellowBird’s sweeping impact to the EHS labor market has been as far-reaching as we expected. They fill a huge gap in the Risk Management space and the problems they are solving are demonstrative of why we invest in the future of work. Michael and Michelle are tenacious founders, and we couldn’t be happier to be a part of their growth story.”

According to the United States Bureau of Labor Statistics, there is a death related to work injuries, incidents and accidents every 101 minutes. In addition to the cost of human life, the cost of work-related injuries in 2021 was $167 billion according to the National Safety Council. Benefits of proper EHS management can be significant, both in terms of financial savings and non-financial benefits, and can contribute to the long-term sustainability of a business or industry.

About YellowBird
YellowBird is a comprehensive EHS and Risk Management platform that simplifies the complex and fragmented world of safety and loss control management. With more than 5,000 YellowBird Professionals registered, the technology solution is the go-to platform for simplifying EHS and Risk Management. For more information, visit goyellowbird.com.

About Rebalance Capital
Rebalance Capital aspires to be the leading alternative asset manager to address the upward mobility crisis. The firm invests in Series A and B FinTech and WorkforceTech companies across North America. Learn more about Rebalance Capital at rebalancecap.com.

About Manifold Group
Headquartered in Chicago, Manifold is a venture holding company combining an advisory firm, venture fund, and incubation and acceleration studio all under one roof. With expertise in driving growth for companies at all stages of maturity, transforming legacy businesses, and new venture identification and scaling, Manifold is a modern platform for perpetual value creation. Learn more about Manifold at manifold.group.

Media Contact:
Megan Trummel
Vice President of Marketing, YellowBird
[email protected]

SOURCE YellowBird


EcoSoul Home Inc. announces USD 10 million – Series A round led by Accel and Singh Capital Partners

  • The funds will be used for launching new products, international expansion in the UK, EU, and Asian markets and augmentation of tech and data capabilities.
  • The brand aims to serve customers at 15000+ retail distribution points across the US

BELLEVUE, Wash., April 19, 2023EcoSoul Home Inc., a category-leading start-up in the eco-friendly home essentials products space, has raised USD 10 million to wrap up its Series A round. This round is led by Accel and saw the participation of Singh Capital Partners. Over the past year, the company has seen tremendous growth in the US market. It has established itself as a leading player across key e-commerce platforms and retail banners in multiple product categories.

Consumers are increasingly gravitating towards buying environmentally and ethically sustainable products. A recent study by NielsenIQ found that 78 percent of US consumers say that a sustainable lifestyle is important to them. Products with ESG-related credentials accounted for 56 percent of all CPG growth. However, affordability is important to consumers as they adopt ESG products.

EcoSoul has fundamentally disrupted the home-essentials market by bringing eco-friendly alternatives within the 25% price range of traditional mainstream plastic or paper goods. In contrast, early eco-friendly home essentials competitor brands priced their products at 1.8x to 2.5x of mainstream plastic or paper-goods brands. Ecosoul has achieved this differentiation with product/material innovation and an optimum supply chain model.           

On the successful fundraise, co-founders Rahul Singh and Arvind Ganesan said, “We are grateful to our customers, investors, partners, and associates for helping us in driving our mission of accelerating the world’s transition to a sustainable lifestyle by creating plastic-free and tree-free products from earth’s most renewable resources. Our differentiated products and supply chain innovation enables us to bring eco-friendly home essentials to price points comparable to traditional plastic and tree-based paper goods. In short, we are democratizing the eco-friendly home essentials market. We are excited to see the strong adoption of our products in the US market. We thrive on this momentum and plan to expand our product range in potential international markets.”

Prashanth Prakash, partner at Accel said, “There is a global macro-tailwind of shifting away from the use of single-use plastic with increasing regulatory pressure. This coupled with rising consumer sentiments towards sustainable everyday essentials, especially in western markets is driving growth. EcoSoul is taking advantage of this demand and leveraging the Asian supply chain to offer eco-friendly products at affordable price points. The EcoSoul team, with their global supply chain expertise and strong commercial value proposition for retailers, is uniquely positioned to be one of the early disruptors in this industry.”

By 2030, the global eco-friendly & sustainable home goods market is expected to reach $300+ bn. In the US, even though sustainability-marketed products are 16.1% of the market, they delivered 54.7% of the CPG market growth. Sustainability-marketed products grew at a rate of 7.1 times that of conventionally marketed products and 3.8 times that of the CPG market.

EcoSoul has recently launched several products in India and has expansion plans for the Canada, UK, Germany and UAE markets in the categories of Kitchen and Dining, Bath, Home Care, and Baby and Feminine Care.

About EcoSoul Home:

Founded in 2020, EcoSoul Home Inc. is a global eco-friendly products company with an active sales and operational presence in countries like the USA, India, China, and Vietnam, offering more than 100+ products worldwide. The brand currently has multiple sales channels, including D2C, retail distribution across ~3500 stores in the US, and multiple B2B customers. Website link – https://www.ecosoulhome.com/

About Accel

Accel is a global venture capital firm that invests in people and their companies from the earliest days through all phases of company growth. Investing in India for more than a decade, they have been the first, or among the earliest partners to many category-defining startups such as: Acko, Blackbuck, BrowserStack, Chargebee, CultFit, Moglix, Spinny, Swiggy, UrbanCompany, Zetwerk, and others. Accel helps ambitious entrepreneurs build innovative and durable businesses. More at https://www.accel.com/india-home

Photo: https://mma.prnewswire.com/media/2057927/EcoSoul_Home_Inc.jpg

SOURCE EcoSoul Home Inc.


Aperture Venture Capital Co-Leads Seed Investment in Pro Platforms Inc.

Aperture VC and Social Leverage Back Pro Platforms to Revolutionize Home Improvement Technology for Contractors: $10M in Project Volume since December launch.

NEW YORK, April 19, 2023 — Aperture Venture Capital, a seed stage venture firm that invests in diverse founders building the future of fintech and enterprise software, formally announced its investment in Pro Platforms Inc., a disruptive fintech startup focused on home improvement and construction. The company raised a $4.7 million venture round led by Aperture VC and Social Leverage, with participation by GS Futures, Hustle Fund, and other notable investors. Pro Platforms was founded by a diverse team including Santo J. Leo, Blake Virgilio Carter, Jana Houston, and Jake Ricca. The strength of its diverse team, in conjunction with its location in an emerging technology hub in South Florida, makes Pro Platforms a strong fit for Aperture’s unique fund thesis.

“Santo and the Pro Platforms team are building the future of payments for the home improvement industry,” said Garnet Heraman, Managing Partner of Aperture VC. “Their product vision and passion for execution are game-changers for contractors long underserved by technology,” he continued.

Simultaneously, Pro Platforms announced it has emerged from stealth mode with the launch of its Construct CRM platform for contractors. Construct CRM is the first all-in-one, one-size-fits-all home improvement contractor operating system. In just 4 months since beta launch in December, the platform has already assisted with over $1million in home improvement project volume per week and is growing rapidly month over month. Construct CRM helps with customer acquisition, sales, customer and project management, field management, scheduling, dispatch accounting, invoicing, billing, collections, and more. The company plans to expand its platform later this year to include free treasury management and payment processing to help contractors with cash flow.  

Santo J. Leo, CEO of Pro Platforms, commented, “I am thrilled to have the support of Aperture Venture Capital and Social Leverage as we revolutionize the home improvement industry through technology. With the launch of Construct CRM, we are empowering contractors with a comprehensive solution that streamlines their operations and improves their cash flow.” He added, “Aperture’s corporate partners in banking and insurance are an important competitive advantage for us as we continue to expand and innovate in this space.”

About Aperture Venture Capital
Aperture Venture Capital is a new investing paradigm developed to back diverse founders across the US who are using financial innovation to build the next generation of game-changing tech companies. Aperture VC’s investors include leading Fortune 1000 corporations committed to building an inclusive economy through partnership and collaboration. These corporate partners, along with other mission-aligned investors, provide support, resources, and expertise that accelerate growth, increase distribution, and enhance the funding options for Aperture VC’s portfolio companies. For more information, visit aperturevc.com.

Press Inquiries: Marjorie King, [email protected], 949 414 7884

SOURCE Aperture VC