Recent portfolio company investments:
Paravel is a digitally native luggage and travel goods brand for the experience economy generation, a social-media oriented, Millennial demographic, which collectively spends $200bn+ annually on travel. At Paravel they are design-obsessed travel junkies on a quest to create the perfect bag for every adventure, no matter the size. Co-founded by luxury fashion expert Indre Rockefeller and former Goldman Sachs executive Andy Krantz, Paravel has been featured in the New York Times, Vogue, Conde Nast Traveler and the Wall Street Journal. Fitz Gate co-led the round with 8VC.https://tourparavel.com
Thrive+ is dedicated to reducing the negative effects of alcohol in a safe, effective and socially responsible manner. Based on patented research out of Princeton University, Thrive+® After-Alcohol Aid™ is designed specifically to mitigate the negative effects of alcohol, a $179 billion per year problem in the US. Thrive CEO and Founder Brooks Powell was recently featured on ABC's Shark Tank. Fitz Gate invested in the round alongside NextView Ventures and Founder Collective.https://decidethrive.com
Newsguard Technologies, Inc.
Led by media veterans Steve Brill (founder of the American Lawyer and Court TV) and Gordon Crovitz (former Publisher of the Wall Street Journal), NewsGuard uses journalism to fight fake news. NewsGuard's trained analysts, who are experienced journalists, research online news brands to help readers and viewers know which ones are trying to do legitimate journalism–and which aren’t. Advertisers worried about their brands’ reputations will be able to keep their ads off fake news sites. After launching in the U.S., NewsGuard will expand to serve the billions of people globally who get news online. The $6mm investment was led by Publicis Groupe, one of the world’s leading ad agencies, with the Knight Foundation and other investors. Fitz Gate was the sole venture capital fund invited to participate in the round.https://newsguardtechnologies.com/announcing-newsguard/
Pledgeling is the world’s first charitable giving and social impact platform that helps build stronger relationships between organizations and people by providing tools and expertise to easily collect charitable donations and demonstrate the positive effect of its customers’ giving program. As consumer brands compete for younger customers, many have proven that differentiation based on social awareness and aligning with charitable causes is good for their business. Pledgeling makes this differentiation happen and counts among its customers Evite, Discovery Channel, American Red Cross and Tinder. CEO James Citron is an experienced, prior successful founder. Fitz Gate invested in the round alongside Double M Partners, Collaboration Capital and the founder of MySpace.https://www.pledgeling.com
Uplevel Security offers an adaptive system of intelligence that uses graph theory and machine learning to modernize security operations. It is a novel approach aimed at preventing rather than responding to security threats. Founder and CEO Liz Maida’s core expertise in graph data structure and analytics combined with her experience in security and management is a background few possess. Fitz Gate invested in the round alongside First Round Capital, Work-Bench and Aspect Ventures.https://www.uplevelsecurity.com
Predata is a cloud-based web application that provides anticipatory intelligence for political market events by synthesizing open-source metadata from across the web and then applying machine learning algorithms to that data for the benefit of governmental organizations, think tanks, hedge funds and other financial institutions. Predata founder Jim Shinn is a lecturer at Princeton (where he received his undergraduate and PhD degrees) and previously Jim was an entrepreneur in Silicon Valley and the founder of Dialogic which ultimately went public. Jim also served in the State Department, the CIA and was the Assistant Secretary of Defense. Fitz Gate invested in the round alongside Edison Partners and Chicago Ventures.http://www.predata.com
RocketVisor is the world's first account and project collaboration suite that's built directly into a user’s browser, allowing sales teams to collaborate and work together across the web instantly. Founder Michael Yaroshevsky is a former two time Undergraduate Student body President at Princeton and HBS grad. The seed round in which Fitz Gate participated was led by General Catalyst and was oversubscribed with other expert investors.http://www.rocketvisor.com
Optimal Dynamics' software uses artificial intelligence and machine learning to automate how trucking brokers match loads to carriers and provides carriers with the most accurate load recommendations. With the ability to predict load requirements up to a week in advance with 99% accuracy, Optimal Dynamics is a revolutionary new technology, based on decades of research out of founder Professor Warren Powell’s Castle Labs at Princeton University. Fitz Gate led Optimal Dynamics’ first fundraising round.http://www.optimaldynamics.com
Quantum Circuits, Inc.
QCI is developing the first quantum computer (the chip, the software and the programming interface). The goal is to be the Intel, IBM and Microsoft of a second wave of the information age. Quantum computers will be millions of times faster than silicon chip based computers of today. Founder Robert Schoelkopf has been running the Yale Quantum Institute and teaching at Yale for two decades and has won many of the field’s top awards. Fitz Gate led QCI’s first fundraising round and was directly responsible for bringing in Sequoia, Canaan and Tribeca for an $18mm Series A round only 7 months later.http://quantumcircuits.com
Overtime is a Gen Z digital sports media company focused on non-professional sports. Its user growth and engagement has been extraordinary with 75 million minutes of video consumed on the site each month. Its content has already been viewed over 1 billion times. Founder Dan Porter is a successful founder with a $200mm prior exit. Fitz Gate invested alongside Greycroft Ventures and former NBA Commissioner David Stern in Overtime’s seed round. Less than 1 year later, Andreessen Horowitz led Overtime’s Series A round.https://itsovertime.com
The web’s most viewed fintech company helping people make smarter financial decisions with a patent pending automated financial modeling technology. Powered by proprietary Automated Financial Modeling software, SmartAsset’s tools, calculators, data-driven studies and educational content provide the web’s best personal finance resources, directly to consumers. Founder Michael Carvin has built one of the fastest growing fin tech companies in the US. Fitz Gate invested in the round alongside Javelin Ventures, NY Life, Transamerica, and IA Capital.https://smartasset.com