Recent portfolio company investments:
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. Newsguard's Green-Yellow-Red ratings will signal if a website is trying to get it right or instead has a hidden agenda or knowingly publishes falsehoods or propaganda. Advertisers worried about their brands’ reputations will be able to keep their ads off fake news sites. NewsGuard will also provide “Nutrition Label” write-ups on the 7,500 news and information websites and video channels that account for 98% of engagement with news online in the U.S. A SWAT team of NewsGuard analysts will operate 24/7 to identify suddenly trending purveyors of fake news among sites that NewsGuard has not yet rated and warn internet users about them in real time. 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 Ventures was the sole venture capital fund invited to participate in the round.https://newsguardtechnologies.com/announcing-newsguard/
Counting among its customers Evite, Discovery, American Red Cross and Tinder, Pledgeling is the world’s first charitable giving and social impact platform that helps build stronger relationships between organizations and people. Pledgeling provides tools and expertise to easily collect charitable donations and demonstrate the positive effect of its customers’ giving program. Since 2015, Pledgeling has empowered thousands of people and organizations to do good and raise money for over 1,000 nonprofits.https://www.pledgeling.com
Uplevel Security is the industry’s first adaptive system of intelligence that uses graph theory and machine learning to modernize security operations. Analysts no longer need to investigate incidents in siloes, and enterprises now have a system of record for security intelligence. Uplevel’s platform is a force multiplier for enterprise's SIEM that gives organizations the active intelligence needed to reduce the number of incidents that require investigation, provide contextual analytics throughout the response process, and keep historical records that inform and predict future threats. Enterprises rely on Uplevel Security to activate intelligence from the security stack, put that data to work, and produce more flexibility and return on investment from security infrastructure.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 is led by CEO and co-founder Jim Shinn who 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.http://www.predata.com
RocketVisor is the brilliant browser company; it delivers enterprise collaboration and process management solutions for sales teams via an advanced browser extension.http://www.rocketvisor.com
Founded by Warren Powell ‘77, professor in the Department of Operational Research and Financial Engineering at Princeton University since 1981, 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 Professor Powell’s Castle Labs at Princeton University. Trucking in the US is a $300B+ industry.http://www.optimaldynamics.com
Quantum Circuits, Inc.
Fitz Gate was the sole institutional investor in the seed round. Nine months later, Sequoia, Canaan and Tribeca led the Series A round of $18mm. Co-founder Rob Schoelkopf (Princeton '86), a long time Yale Professor and Director of the Yale Quantum Institute (team of 65 researchers), is generally regarded as one of the leading experts in the world on quantum computing. QCI is developing the first general purpose 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.http://quantumcircuits.com
Fitz Gate invested in the seed round alongside Greycroft and other leading VC firms as well as with NBA Commissioner David Stern. William Morris Endeavor | IMG, the largest sports agency in the world, is also a shareholder. Fitz Gate invested again in the Series A less than a year later alongside Andreessen Horowitz and Kevin Durant. Overtime, founded by Dan Porter (Princeton '88), is a digital sports network for non-professional sports whose videos have already been viewed nearly 1 billion times.https://itsovertime.com
The web’s most viewed financial technology company provides personal finance information and tools to more than 45 million people each month. 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. SmartAsset has created partnerships with CNN Money, AOL, and Time, among others. Smartasset closed a follow-on round of $28 million in June 2018.https://smartasset.com