First Analysis — Full Portfolio

Checkpoint Surgical develops intraoperative nerve stimulation devices, biomaterial implants, and surgical instruments for peripheral nerve and tendon surgery.

BiotechHealthtechMedical DevicesCleveland, US

Marilyn A. Eisele(Executive Officer)Kevin M. Scanlan(Executive Officer)Donald Hubbard(Executive Officer)inMark Stultz(Executive Officer)

BoardGBGeoffrey B. Thrope(Executive Officer, Director)in

Board seatTMTracy Marshbanks· per SEC Form D

Co-investorsJUJumpstart VenturesMUMutual Capital PartnersNDNDIRCRC Capital

RejuvenAir, developed by CSA Medical, is a bronchoscopic cryosurgical device that sprays metered doses of liquid nitrogen to destroy damaged airway cells and treat the underlying cause of COPD with Chronic Bronchitis.

HealthtechMedical DevicesLutherville, US

Ellen Sheets(Executive Officer, Director)inIan J. Vawter(Executive Officer)SSSteven Schaefer(Executive Officer)inWilliam Floyd(Executive Officer, Director)inVincent Owens(Director)Richard Kent(Director)

Board seatTMTracy Marshbanks· per SEC Form D

Co-investorsASAscension VenturesNENew Markets Venture PartnersSVSV Health InvestorsBLBlue Heron CapitalTVTVM CapitalTVTVM Capital Life Science

Cycle Labs offers Cycle®, an end-to-end test automation platform that uses a human-readable scripting language (CycleScript) to automate regression, volume, and load testing across enterprise supply chain systems such as ERP, Warehouse Management, and Order Management systems.

Developer ToolsEnterprise SoftwareLogistics & Supply ChainSaaSFleetwood, US

Joshua Owen(Executive Officer, Director, Promoter)

BoardTMTimothy McLoughlin(Director)inJeffrey Williams(Director)Evan Edwards(Director)KMKevin Mosley(Director)in

Board seatCorey Greendale· per SEC Form D

Co-investorsHIHigh Country Impact FundJUJurassic CapitalCOCofounders Capital

VIDA provides AI-powered imaging biomarkers and clinical trial imaging services, using its VIDA Intelligence Platform to collect and analyze imaging data across respiratory, cardiovascular, oncology, and other therapeutic areas.

AI & Machine LearningHealthtechMedical DevicesCoralville, US

SASusan A. Wood(Executive Officer, Director)inSandra Stapleton(Chief Operating Officer)inTJTodd Johnson(Chief Technology Officer)inLNLars Nordenmark(Chief Scientific Officer)in

BoardRobert Bozeman(Director)CICraig Ibsen(Director)in

Board seatTMTracy Marshbanks· per SEC Form D

Co-investorsRIRittenhouse VenturesBLBlue Heron CapitalCHChartline Capital PartnersNENext Level Ventures

San Mateo, US

Shahram Dastmalchi(Director, Promoter)Jeff Harmon(Executive Officer)Darren Schulte(Executive Officer, Director)

BoardShahin Hedayat(Director)Jared Kesselheim(Director)Petro Estakhri(Director)

Co-investorsBABain Capital VenturesVAValspring CapitalNENew Mountain Capital

Applied StemCell is a genome engineering platform company that develops proprietary technologies and iPSC expertise to enable safe, scalable integration of large DNA payloads into the mammalian genome for gene and cell-based medicine.

BiotechDeep TechMedical DevicesMilpitas, US

Dolores Baksh(Chief Executive Officer)inRuhong Jiang(Executive Officer, Director)Guoliang Yu(Director)

BoardZhenyu Xiao(Director)

CoolrAI is an AI-powered SaaS platform that analyzes cooler and freezer images to provide commercial intelligence for Food & Beverage brands and distributors.

AI & Machine LearningRetail TechSaaSChantilly, US

DJDurlabh Jain(Director)inDavid Gearhart(Director)Atul Jain(Director)Roy Mehta(Executive Officer, Director)

Co-investors202048 VenturesENEntrepreneurs Roundtable Accelerator (ERA)MOMoneta VenturesRERemarkable Ventures

Drive My Way is a recruiting platform that matches CDL truck drivers, including company drivers and owner operators, with truck driving jobs based on their professional qualifications and lifestyle preferences.

HR TechLogistics & Supply ChainMarketplacesCleveland, US

Mary Elizabeth Potratz(Executive Officer, Director)

Co-investorsINInvestHER VenturesJUJumpstart Ventures

EdgeIQ provides an orchestration platform for connected products, managing device, connectivity, and data operations through automated workflows.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareIoTSaaS

Co-investorsKOKoa LabsMAMathers Associates

Equality Asset Management (EAM) is a Boston-based growth-oriented private equity firm that invests in lower mid-market software and software-enabled services companies, typically deploying $25M to $150M of equity per portfolio company.

Enterprise SoftwareFintechSaaSBoston, US

JDJeff Del Papa(Co-Founder & Managing Partner)inTRTom Roberts(Co-Founder & Managing Partner)in

Co-investorsCACatalyst PartnersEQEquality Asset Management

Freeosk operates in-store discovery kiosks that let shoppers try free product samples and discover new brands while shopping.

AdTechMarketing TechRetail Tech

Co-investorsBEBeringea

Freeosk operates interactive in-store kiosks that dispense free product samples and sell retail media to CPG brands.

Co-investorsBEBeringea

Gradient Cyber provides Managed Extended Detection and Response (MXDR) services combining proprietary XDR technology, 24/7 security operations, and expert analysts for mid-market organizations.

AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareSaaS

Insellerate is an enterprise CRM, customer experience, and AI platform for financial institutions, unifying customer, household, product, account, and conversation data into one configurable system.

AI & Machine LearningFintechSaaSSales Tech

JFJosh Friend(CEO & Founder)in

Co-investorsTHThe Argentum GroupDEDecathlon Capital Partners

IHCS provides home care services to health plans, providers, and patients.

Digital HealthEnterprise SoftwareHealthtechFlorida, US

Josh Holmes(SVP of Business Development)in

BoardJorge(Chairman)

Intelligent Locations builds INTRAX, a cloud-based real-time location system (RTLS) that tracks assets, patients, staff, and environmental conditions in hospitals, with AI-powered analytics and reporting.

AI & Machine LearningHealthtechIoTRaleigh, US

BNBogdan Nedelcu(Executive Officer, Director)in

Co-investorsHEHealthX VenturesMAMarlin Equity Partners

Kno2 provides healthcare IT and document management solutions focused on enabling secure patient information exchange and interoperability across healthcare organizations.

Data & InfrastructureDigital HealthEnterprise SoftwareHealthtechSaaS

JEJon Elwell(Chief Executive Officer)in

BoardEzra Mehlman(Board Member)Jeffrey Stolte(Board Member)Michael Kluger(Board Member)Mark McAdoo(Board Member)

Lender Price provides cloud-based mortgage origination software that enables lenders to manage pricing, loan processing, and integration with industry systems.

AI & Machine LearningCloud ComputingFintechSaaS

Dawar Alimi(CEO)

Co-investorsTHThe Argentum Group

PCMI provides AI-powered software that automates the administration of F&I products, warranties, and service contracts for TPAs, OEMs, and automotive dealers worldwide.

AI & Machine LearningEnterprise SoftwareInsurTechSaaS

MNMark Nagelvoortin

Co-investorsEQEquality Asset ManagementTHThoma Bravo

Perceptyx offers an employee experience and survey platform that connects with HR systems, and its integration ecosystem links to a wide range of HRIS, payroll, applicant tracking, and identity management tools.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaS

JBJohn Borland(Founder)inDave Belcher(Founder)Greg La Bonte(Founder)Jack Morehouse(Founder)

Co-investorsDEDelta-v CapitalINInterlock PartnersTCTCV

River Technologies builds custom software from scratch for financial firms, including global investment banks, hedge funds, alternative asset managers, and sovereign wealth funds.

AI & Machine LearningEnterprise SoftwareFintechNew York City, US

Co-investorsALAlso CapitalFOFounders FundPEPetraTITimeless Partners VenturesBABain CapitalGRGreat Hill Partners

Selerix provides benefits administration software and services for HR teams, offering enrollment management, employee communications, and healthcare compliance support.

Enterprise SoftwareHR TechInsurTechSaaSMcKinney, US

LGLyle Griffin(Founder)in

SmartCommerce operates Click2Cart, a technology that turns product mentions across media and brand websites into one-click, direct-to-cart links routing high-intent shoppers to in-stock retailer carts.

AdTechE-commerceMarketing TechRetail TechAtlanta, US

JSJennifer Silverberg(Founder & Chief Brand Officer)inGregory Taylor(Chief Executive Officer)inVadim Tarasov(Executive Officer, Director)in

Co-investorsICICU VenturesTHThe Argentum GroupMAMathers AssociatesVAValor Ventures

Stamus Networks develops Clear NDR, a network detection and response system built on the Suricata open-source engine that converts network traffic into security insights for security operations teams.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareIndianapolis, US

PMPeter Manev(Co-founder)inÉLÉric Leblond(Co-founder & CTO)inRonda Schwartzkopf(Executive Officer, Director)KGKen Gramley(CEO)in

BoardNick Mirchef(Director)HSHoward Smith(Director)in

Co-investorsELElevate Ventures

Cleveland, US

ARAdam Roth(Executive Officer, Director)inJDJohn Dearborn(Executive Officer)inSteve Kosko(Executive Officer)inSWScott Weiss(Executive Officer)inCBCamille Beatty Falor(Executive Officer)in

BoardHal Shelton(Director)

Co-investorsSASaaS CapitalISiSelect Fund

Sware offers the GxP Suite, a SaaS validation platform (Res_Q) that uses AI agents to manage software, plant/equipment, and medical device validation while maintaining audit readiness.

AI & Machine LearningHealthtechSaaSChelsea, US

BEBryan Ennis(Co-Founder & Chief Quality Officer)inEREllen Reilly(Chief Executive Officer)inTPTheresa Pauzer(Chief People Officer)inEREvan Raggi(Chief Commercial Officer)in

BoardKOSAL KEO(Director)WRWILLIAM R. COWEN(Director)in

Co-investorsINInsight PartnersJUJumpstart CapitalNENew Stack VenturesSISimplex VenturesLRLRVHealth

TPN.health provides a platform for behavioral health professionals to access premium continuing education, connect with verified peers across all disciplines, and participate in clinical matching and care navigation services across all 50 U.S. states.

Digital HealthHealthtechMental HealthSaaSLouisiana, US

TCTrevor Colhoun(Chief Executive Officer)in

Co-investorsACAccomplice

Upfront connects homeowners with local service professionals for home projects through a text-based platform, using AI to match them with vetted contractors in their area.

AI & Machine LearningConsumerMarketplacesSan Francisco, US

TSThomas Stephens(CEO)inAHAndrew Hoskins(Founder)in

Co-investorsY Y CombinatorAGAgrolimen VenturesBABaird CapitalCLClimate CapitalCOCollab CapitalDIDiagram+2 more

Upfront develops healthcare solutions that activate patients and improve clinical, financial, and operational outcomes for providers.

AI & Machine LearningDigital HealthHealthtechSaaSChicago, US

BABen Albert(CEO and co-founder)inCKCarrie Kozlowski(COO and co-founder)in

BoardSid Chambless(Director)RCRobert Coppedge(Director)inMichael Tudeen(Director)

Co-investorsBABaird CapitalHYHyde Park Venture PartnersECEcho Health VenturesFIFirst Trust Capital PartnersLRLRVHealthMAMartin Ventures

Upfront provides data infrastructure and tools to connect childcare providers, families, and policymakers with accurate, real-time information about early childhood education programs.

AI & Machine LearningData & InfrastructureEdTechFintechGovTechSaaSNew York City, US

Dana Levin-Robinson(CEO)inShefali Shah(Executive Officer, Director, Promoter)

Co-investorsTETechstars

ViralGains is an advertising platform that collects zero-party consumer data by gathering real-time feedback within ads, using it to build more personalized ad experiences.

AdTechData & InfrastructureMarketing TechSaaSBoston, US

DLDan Levin(President, COO, and Co-Founder)inJay Singh(Executive Officer, Director)Kate Willett(Executive Officer, Director)TLTod Loofbourrow(Chairman and CEO)inCBCindy Brown(CRO)inSLSafaa Lafnoune(VP of Product)in

Co-investors50500 GlobalBABantam GroupGOGolden SeedsLALaunchCapitalMOMontage CapitalOROrigin Ventures+6 more

Simplifies candidate sourcing and outreach through crowdsourcing and advanced AI to help recruiters build diverse candidate pipelines

JLJoss Leufrancois(Founder)in

Co-investorsDAData Point CapitalDUDubai Angel InvestorsNENewfund CapitalURUrban InnovationEMEmergence Capital PartnersHIHinge Capital+4 more

VisiQuate provides analytics and automation software powered by its AI engine "Ana," offering predictive analytics, AI agents, and automated workflows.

AI & Machine LearningEnterprise SoftwareSaaSSanta Rosa, US

BRBrian Robertson(Executive Officer, Director)inRWRich Waller(Executive Officer, Director)inJim Kolmansberger(Executive Officer, Director)SZSven Zabka(Executive Officer)inRaymond Hsu(Executive Officer)in

BoardHSHoward Smith(Director)in

Co-investorsACAccel-KKRLELevel EquitySISixth Street

Sausalito-based employee engagement software that crowdsourced and prioritized workforce feedback; acquired by Perceptyx in 2021.

Sausalito, US

Jeff Snipes(Director)Michael Papay(Executive Officer, Director)

BoardJoe Abrams(Director)Ignace Goethals(Director)

Co-investorsFUFundersClubHEHemisphere Ventures LLCSASaaS Capital

Wimba is a provider of collaborative and voice-based communication software for colleges, universities and other education providers.

Co-investorsABABS VenturesGEGefinor CapitalTHThe Argentum Group

Yello provides a campus and early-talent recruiting platform with an AI agent that automates event building, candidate sourcing, and interview scheduling.

AI & Machine LearningHR TechSaaS

JWJason Weingarten(Co-founder)inDBDan Bartfield(Co-founder)in

Co-investorsJMJMI EquityMUMultiplier CapitalTHThe Argentum GroupQ Q Capital Partners

Yunu offers a clinical trial imaging platform that harmonizes imaging workflows, data, and compliance from initial scan through trial submission, cutting turnaround times and reducing manual work.

AI & Machine LearningBiotechHealthtechMedical DevicesSaaS

JSJeffrey Sorenson(Chief Executive Officer)inGKGael Kuhn(Chief Technology Officer)inDGDr. Gordon Harris(Chief Science Officer)LFLindsay Fleming(Chief Marketing Officer)inPMPatrick McNamara(Chief Commercial Officer)in

Co-investorsSPSpring Mountain Capital