Keyhorse Capital — Full Portfolio

Advanced Energy Materials develops catalysts and adsorbents for petroleum refining, including hydrodesulfurization catalysts, catalytic adsorbents for ultra-deep desulfurization, desulfurizers for low-hydrogen applications, and fuel upgrading catalysts.

CleantechEnergyNew Materials

PartnerKelby Price· solo GP

Fair Go is an online casino brand targeting Australian players, offering RealTime Gaming pokies, table games, video poker, and live dealer games.

ConsumerGaming

PartnerKelby Price· solo GP

Airtrek builds autonomous robots for aircraft ground operations, including wingwalking support during towing and inspection tasks.

AI & Machine LearningHardwareRobotics

PartnerKelby Price· solo GP

Co-investorsCintrifuse Capital

Beverage and ingredient innovation for the modern pantry.

PartnerKelby Price· solo GP

Co-investorsRender Capital

Another Nine operates private, self-service indoor golf simulator suites equipped with Trackman technology, bookable by the hour with no membership required.

ConsumerSports TechColumbia, US

PartnerKelby Price· solo GP

PartnerKelby Price· solo GP

Co-investorsAvoro Capital AdvisorsEpidarex CapitalF-Prime CapitalSofinnova VenturesSolasta VenturesvenBio Partners

Applied Industrials builds AI agents that automate manual front- and back-office work — such as quoting, order entry, invoice matching, spec lookups and customer support — for manufacturers, distributors and service providers in the industrial supply chain.

Advanced ManufacturingAI & Machine LearningLogistics & Supply Chain

PartnerKelby Price· solo GP

AquiSense develops UV-C LED water disinfection systems that treat water without chemicals, serving homes, factories, restaurants, remote communities, and space applications.

CleantechDeep TechHardwareKentucky, US

Oliver Lawal(President & CEO)inStuart Bauman(CFO/Treasurer)inJennifer Pagán(CTO)in

PartnerKelby Price· solo GP

Co-investorsBURNT ISLAND VENTURES

AuraSense builds physics-informed AI that captures and analyzes human movement — combining pose, audio, and facial sentiment — using biomechanical constraints and inverse kinematics to produce real-time insights.

AI & Machine LearningDeep TechDigital Health

Didier Charlot(Founder & CEO)

PartnerKelby Price· solo GP

AuthoFi provides an automation platform for healthcare prior authorizations, integrating with existing clinical and administrative workflows to reduce denials and revenue-cycle errors.

Digital HealthHealthtechSaaS

Wilfredo Gumaru(Chief Technology Officer)

PartnerKelby Price· solo GP

Avana Health is a women's health company developing uterine health treatments for abnormal uterine bleeding (AUB) and postpartum hemorrhage (PPH), and is preparing for its first clinical trials.

BiotechFemTechHealthtech

John Morehead(Inventor, President & Chief Technology Officer)Peter Pacult(Chief Executive Officer)Michael Royals(Chief Science Officer)Howard Settle(Chief Financial Officer)Angela Morehead(Director of Research)

PartnerKelby Price· solo GP

Bailout Systems designs and produces hands-free descent technology intended to lower people safely in high-stakes professional environments.

Deep TechHardware

Michael Ragsdale(Founder and CEO)

PartnerKelby Price· solo GP

BehaVR develops VR-based (XR) therapeutics for mental and behavioral health, translating clinical science into immersive programs that address stress, anxiety, fear, pain management, addiction recovery, and maternal health.

Digital HealthHealthtechMental HealthElizabethtown, US

Aaron Gani(Executive Officer, Director)

PartnerKelby Price· solo GP

Co-investorsChrysalis VenturesPoplar VenturesFrist Cressey Ventures

Beltways develops modular pedestrian conveyance systems (accelerators) designed to move large volumes of people quickly over short distances, competing with trains and vehicles for urban transit.

HardwareMobility & TransportationHebron, US

Matine Yuksel(Founder)

PartnerKelby Price· solo GP

Co-investorsDraper AssociatesClimate Capital

Bexion Pharmaceuticals is a clinical-stage biopharmaceutical company developing biologic cancer therapies that target dysregulated sphingolipid metabolism to counter tumor survival and treatment resistance.

BiotechHealthtech

PartnerKelby Price· solo GP

BeyondWill is a platform for independent financial advisors that turns clients' estate plan data into ranked business opportunities, surfacing held-away assets, life events, and at-risk inheritances alongside suggested outreach.

FintechLegalTechSaaS

PartnerKelby Price· solo GP

Bioglitz makes a plant-based, algae-derived glitter glue that adheres cosmetic glitter to skin while acting as a moisturizing serum.

ConsumerDirect to Consumer

Saba Gray(Founder & CEO)

PartnerKelby Price· solo GP

Biscuit Belly is a Southern-style brunch restaurant serving scratch-made biscuit sandwiches, biscuits and gravy, and related comfort food alongside a coffee and alcohol bar.

ConsumerFoodTech

Chad Coulter(Co-founder)Lauren Coulter(Co-founder)in

PartnerKelby Price· solo GP

Blue Sky Case Management provides Medicaid Waiver case management for children and adults with intellectual and developmental disabilities, coordinating programs such as Supports for Community Living, the Michelle P.

Digital HealthGovTechHealthtechKentucky, US

Joseph J. MacDonald(Co-Founder & President & CEO)Tara Clarkson(Co-Founder & Executive Director)Chris Lanham(Co-Founder, Referral Director, Billing Consultant)Brittney McConville(Co-Founder, Director of Business Information Systems)Joseph MacDonald(Co-founder)Ashlee Morgan(Co-founder)

PartnerKelby Price· solo GP

BrainSTEM offers summer STEAM camps for children in grades 3-9, teaching 3D printing, game development, artificial intelligence, coding, drones, and robotics through in-person and virtual formats in Louisville, Kentucky.

EdTechImpact & Social GoodLouisville, US

Ricky Mason(Founder)

PartnerKelby Price· solo GP

Brite Trace is a healthcare technology company offering a caregiving platform and educational courses to help family and professional caregivers coordinate dementia and Alzheimer's care, track behaviors, organize care information, and access research-backed guidance.

Digital HealthHealthtechLongevityMental HealthSaaSWellness & Fitness

Nolan Carrico(Founder & COO)Dr. Jeff Beaty(Founder & Chief Medical Officer)Hannah Rose Higdon(Chief Marketing Officer)

PartnerKelby Price· solo GP

C2 Keep provides software for controlled substance inventory management in pharmacies, helping practitioners comply with the Controlled Substance Act.

HealthtechSaaS

David GalowniaDan Murphy

PartnerKelby Price· solo GP

CleanSpace is a mobile app that connects users with background-checked local cleaners for same-day, recurring, or one-time home cleaning, with scheduling, management, and payment handled in-app.

ConsumerMarketplacesSaaS

Eric Griffin(Co-founder)Aram Street(Co-founder)

PartnerKelby Price· solo GP

Cloverleaf provides automated coaching and assessment solutions that integrate into employees' daily workflows to help organizations develop their talent and enable individuals to perform their best work.

AI & Machine LearningEnterprise SoftwareHR TechSaaS

Darrin Murriner(Founder & CEO)in

PartnerKelby Price· solo GP

Co-investorsCintrifuse CapitalConductive VenturesConnetic VenturesJobsOhio VenturesMucker CapitalOrigin Ventures+3 more

Cognision develops an objective measurement system for evaluating patients with cognitive disorders including concussion, mTBI, and dementia, serving clinicians, pharmaceutical companies, and researchers through brain-based biomarkers and qEEG/ERP testing.

AI & Machine LearningDigital HealthMedical Devices

PartnerKelby Price· solo GP

ConnectRate offers an AI-based phone number validation and enrichment platform that verifies which numbers are active and likely to answer, aiming to improve sales teams' call connect rates.

AI & Machine LearningSaaSSales Tech

Drew Kluender(Founder & CEO)

PartnerKelby Price· solo GP

Content Credits offers publishers a pay-per-article option that lets casual readers unlock individual articles without subscribing, working alongside existing paywalls, ads, and subscriptions.

Marketing TechMedia & EntertainmentSaaS

PartnerKelby Price· solo GP

PartnerKelby Price· solo GP

DataRovers provides AI-powered denial management software for healthcare revenue cycle management teams to identify, analyze, and appeal insurance claim denials.

AI & Machine LearningHealthtechSaaS

PartnerKelby Price· solo GP

PartnerKelby Price· solo GP

Deepshot provides AI tools for video content creation, specifically focusing on lip-sync generation using generative AI technology.

AI & Machine LearningCreator EconomyMedia & EntertainmentNewport, US

Kyle Lepi(Director)

PartnerKelby Price· solo GP

DesiCorp develops advanced packaging and stabilization solutions for biopharmaceutical and therapeutic products, extending shelf-life without refrigeration to improve access in rural, remote, and emergency care settings.

BiotechHealthtechNew MaterialsLouisville, US

Brett Janis(CEO/CSO, Treasurer, and Co-founder)Jonathan Kopechek(Secretary and Co-founder)Michael Menze(President and Co-founder)Jonathan Kopecheck(Executive Officer, Director)

BoardRobert Saunders(Director)

PartnerKelby Price· solo GP

Ecoshell makes a patented eggshell-based bio-calcium additive used to produce lower-plastic resins, compounds, and film rolls (PP, HDPE, PET) for brands seeking to meet plastic-reduction mandates and sustainability goals.

Circular EconomyCleantechNew MaterialsTaiwan, TW

PartnerKelby Price· solo GP

Louisville, US

Sean O'Leary(Chief Executive Officer)John Barkeley(Secretary and VP of Finance.)

PartnerKelby Price· solo GP

Co-investorsStrike Ventures

Elixir Kombucha makes raw, living kombucha sold in cans across a range of flavors, marketed as a gut-health beverage.

ConsumerDirect to ConsumerFoodTechLouisville, US

PartnerKelby Price· solo GP

EndoProTech develops anti-inflammatory liposomes designed to modify the composition of cell plasma membranes and reduce microvascular dysfunction following ischemia/reperfusion injury.

BiotechHealthtechMedical DevicesLouisville, US

Claudio Maldonado(Founder, President and CEO)Gustavo Perez-Abadia(Founder, Vice President, and Treasurer)Federico Grossi(Founder)

PartnerKelby Price· solo GP

Enviro-Fresh manufactures sealed compartment storage systems for towels and linens in healthcare facilities and hospitality settings.

HardwareHealthtechImpact & Social Good

PartnerKelby Price· solo GP

EQL Games is a game studio, third-party content aggregator, and licensor focused on the lottery industry, developing new game products for lotteries and players.

GamingLouisville, US

Brad Cummings(Founder)Michelle Boice(Chief Operating Officer)Austin Mayberry(Chief Technology Officer)Greg Buonocore(Director)Seth Young(Director)Bradford Cummings(Executive Officer, Director)

PartnerKelby Price· solo GP

Co-investorsBullpen Capital

PartnerKelby Price· solo GP

Fair Chance Works provides workforce services connecting employers, workforce agencies, and jobseekers, and is developing ROIHire, a platform that uses workforce data, hiring incentive programs, and predictive analytics to help employers identify available incentives, estimate candidate retention, and project the ROI of each hire.

AI & Machine LearningFuture of WorkHR TechKentucky, US

PartnerKelby Price· solo GP

Feed Coyote is an all-in-one project management platform designed for freelancers and professionals to collaborate, communicate, and manage work across 130+ countries.

AI & Machine LearningB2B MarketplacesFintechFuture of WorkSaaSPaducah, US

Stevens Bonhomme(Executive Officer, Director)

PartnerKelby Price· solo GP

Co-investorsNex CubedTechstars

Feet to the Fire Writers' Workshops is a licensed expressive-writing program for senior and assisted-living communities and wellness organizations, providing materials, staff training, and support to help aging adults write and share their own life stories.

ConsumerWellness & Fitness

Angela Burton(Founder)

PartnerKelby Price· solo GP

PartnerKelby Price· solo GP

Hey Besti offers personalized period care through customizable monthly subscription boxes of menstrual products and self-care essentials, delivered ahead of the user's cycle.

Direct to ConsumerFemTechWellness & Fitness

Amanda(Founder)

PartnerKelby Price· solo GP

Kentucky Science and Technology Corporation (KSTC) is a nonprofit organization focused on advancing innovation-driven economic development, STEM education, and technology initiatives across Kentucky.

EdTechImpact & Social GoodKentucky, US

Terry Samuel(President)

PartnerKelby Price· solo GP

KY Innovation Hubs is a statewide Kentucky initiative to build regional innovation clusters across the commonwealth's 120 counties, supporting entrepreneurs and high-growth-potential startups.

GovTech

PartnerKelby Price· solo GP

The Construction Labor Market Analyzer (CLMA) is a confidential, anti-trust regulated platform that provides predictive labor market intelligence for construction projects, helping owners, prime contractors, and subcontractors assess labor supply-versus-demand risk up to five years out.

AI & Machine LearningConstruction TechData & Infrastructure

PartnerKelby Price· solo GP

Narratize is an AI-powered system of intelligence for new product development that orchestrates knowledge from PLM, ERP, and other systems of record alongside expert knowledge, delivering structured portfolio intelligence to accelerate innovation cycles for advanced manufacturers.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareCovington, US

Katie Trauth Taylor(Chief Executive Officer)Catherine O'Shea(Director)

PartnerKelby Price· solo GP

Co-investorsAstiaConnetic VenturesHow Women InvestService Provider CapitalKubera Venture Capital

Connect provides marketing analytics and ad management tools that track revenue attribution and help customers optimize ad spending through data-driven insights.

AdTechMarketing TechSaaS

PartnerKelby Price· solo GP