Jerry Jao

It is incredible what care.fi has built - an OS for healthcare players —unifying RCM, claims intelligence, and embedded finance into a single execution layer. Welcome to July Family, Care.fi

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I’m so proud that Hyphen Capital has been a backer of Tim Hwang and Jonathan Chen since the beginning of Nitra. They had big ambitions to modernize the archaic back office of healthcare practices from fax machines to AI. It’s been amazing to see their growth from processing zero transactions to over a billion dollars and they’re just getting started.

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I’m thrilled to officially announce our $3M seed investment in Propel People, a company we built inside the 1848 Ventures studio to tackle one of the biggest challenges facing the #construction industry today: the skilled #labor shortage. For small and medium-sized contractors, hiring isn't just a challenge. It's the number one threat to their growth, profitability, and safety. With 94% of contractors struggling to find qualified workers, it’s clear that traditional hiring methods aren't built for the trades. That’s why we built Propel People. It’s a mobile-first, AI-powered hiring platform designed for how construction actually works: in the field. By leveraging smart candidate ranking, instant #SMS-based screening, and a fully #bilingual interface, Propel helps contractors build great crews faster and more efficiently. I’m also thrilled to formally announce that industry veteran Dexter Bachelder is at the helm as CEO. Having worked with Dexter and the team over the last few months, we've already seen the impact of his leadership. His 25 years of experience scaling construction tech companies will be instrumental as Propel People enters this initial stage of growth. This investment reinforces our core thesis at 1848 Ventures: building AI-native companies that solve fundamental pain points for the #SMBs that form the backbone of our economy. A huge congratulations to Dexter and the entire Propel People team on this milestone. We are incredibly proud to partner with you to support the people who build our world. Read the full announcement below. #constructiontech #venturecapital #seedfunding #ai #skilledtrades #smb

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HARPETH VENTURES ANNOUNCES INVESTMENT IN VENTEUR Harpeth Ventures Opportunity Fund (“Harpeth Ventures”) is pleased to announce its participation in Venteur’s recent $20 million Series A funding round. The round was led by Informed Ventures and American Family Ventures, with participation from Morgan Health, Ingeborg Investments, Catalyst by Wellstar, Plug and Play, Revelry Venture Partners, Houghton Street Ventures, and Techstars. San Francisco-based Venteur is the leading healthcare benefits technology company transforming how employers offer and manage health insurance through Individual Coverage Health Reimbursement Arrangements (ICHRAs). Venteur’s platform empowers employers to offer flexible, personalized health benefits by enabling employees to select individual plans that fit their unique needs. Through a combination of technology and concierge support, Venteur helps individuals navigate their healthcare options while driving improved outcomes and greater cost efficiency for employers. More information is available at Venteur.com. “We greatly appreciate Harpeth Ventures’ involvement from both a capital and relationship perspective,” said Stacy Edgar, Co-Founder and CEO of Venteur. “The Harpeth team has already been instrumental in several business development opportunities.” Added Chuck Byrge of Harpeth Ventures, “With our relationship-driven approach, we were fortunate to meet Stacy in early 2024 and have followed their growth closely. We couldn’t be more excited about their future and the tailwinds driving ICHRA adoption.”

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Excited to announce Top Shelf Ventures's latest investment: Eileen Inc. Eileen is a retail intelligence platform that gives brands on-demand, real-time visibility into their shelf presence by connecting them to a network of 12,000+ “shoppers” who capture in-store data via photos of live shelves. If you’re a CPG brand, big or small, that wants to see what’s going on on ALL your shelves today for as little as $1/shelf, you need to check Eileen out. It sort of blew our minds the first time we tried it. Because here is the problem they’re solving: Retail execution failure is one of the most expensive and least visible problems in the CPG industry, and out-of-stock events alone cost brands approximately 8% of potential sales. Most brands have literally no independent mechanism to verify what's actually happening at the shelf level, which means brands can spend months landing distribution in a major retailer, only to find out a year later that a third of stores never put the product on the shelf. Eileen fixes that. We're particularly excited about Eileen's potential to become the Nielsen or IRI for the modern CPG landscape, and we believe its founder, Jordan Karcher is the right person to build it. Much more to come on this one.

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