Latest News from TenOneTen

December 2, 2021

Here's a look at some of the latest news from our team and portfolio:

Daily, an API for adding video calls to any app, announced a $40M Series B led by Renegade Partners. Daily has grown revenue 30x over the last 18 months as the need for embedded video solutions has become a higher priority. The company now counts Appfolio, HotDoc, Pitch, and Teamflow among their growing list of customers.

Buffalo Market, a tech-enabled distributor for modern food and beverage brands, raised $19.7M in a Series A led by Construct Capital & Forerunner Ventures. Their CEO, Adam Olejniczak, was also recently named among the Forbes 30 under 30 class.

Interviewing.io, which offers anonymous mock technical interviews for engineering candidates, raised $10M in a Series A led by M13. Interviewing's big mission is to eliminate inefficiencies and biases from the technical hiring process. To that effort, Interviewing has conducted over 10,000 interviews. We could not be more excited to continue supporting their journey.

Judo, is the latest addition to TenOneTen! Judo's SDK and desktop app make it easy to add no-code functionality to any existing app. We led their $3M seed round alongside Freestyle Capital. Apps such as DraftKings, NASCAR, Bass Pro Shops, and the Las Vegas Raiders use Judo to deliver rich, native, and engaging in-app user experiences without app store updates.

Mashgin, which makes a computer vision-powered self-checkout system, shared that their technology is now in use across 500 locations worldwide. Mashgin has already powered $100M in sales transactions and is used by major convenience stores, airports, cafeterias, and sports arenas such as Madison Square Garden and DK Stores. Here's a short video of Mashgin in action.

Many other TenOneTen companies have also been getting much-deserved recognition. Selfbook and FitXR were among The Information's 50 Most Promising Startups list. And ReplicatedOptimal Dynamics and Windfall Data were recognized in the 2021 Rocket List of fastest-growing companies.

November 9, 2021

Here's some of the latest news from our team and portfolio:

Flock Freight, a shared truckload solution for shippers, announced a $215M round led by Softbank. This round values the company at $1.3B — which makes Flock Freight among the first San Diego-based startups to reach a billion-dollar valuation. We first backed Flock Freight in their seed round in 2015 and they've since grown to over 300 employees and hundreds of millions in revenue.

Selfbook, a direct booking and payments system for hotels, raised $25M in a Series A led by Tiger Global. TenOneTen, Better Tomorrow Ventures, Abstract Ventures, and Lachy Groom participated in the round as well. Selfbook has grown to 50 full-time employees, up from only four earlier this year. This round will allow Selfbook to continue growing its team and building new fintech partnerships.

Urban Sky, a high-altitude ballooning company, announced a $4.1M seed round led by Catapult Ventures. Urban Sky’s stratospheric balloons make it possible to capture areal imagery at much higher resolution than satellites and far more frequently than planes. TenOneTen initially backed the company in their pre-seed last year and participated in this round alongside Catapult, Techstars, and New Stack Ventures.

Optimal Dynamics, a dynamic routing and automation solution for trucking fleets, was featured on the Freight Waves podcast. In the episode, founders Daniel and Warren Powell discuss their journey as a father-son team building a logistics startup together.

Cartwheel, which offers hybrid delivery management software to restaurants and retailers, was featured in an article by Restaurant Dive. In it, P.F. Chang's VP of off-premise dining discusses their plans to offer self-delivery nationwide by 2023, and how they landed on Cartwheel's software to power that effort.

We’re also excited to introduce three new TenOneTen companies:

Afterparty, a new NFT platform for creators, is the latest addition to the TenOneTen portfolio! TenOneTen co-led their $3M round alongside Acrew Capital, and we’re excited to back founders David FieldsDanRahmel, and our own EytanElbaz on their journey. Afterparty’s platform makes it easy for streamers and other creators to offer their own NFTs and social tokens and gives them the tools to monetize and manage their fan relationships with token-gated fan experiences, merchandise, and more.

Vendorflow, a supply chain communication software company, is another recent addition. TenOneTen led a $1.3M round alongside Amplify LA and was joined by key logistics industry angels such as project44 CEO Jett McCandless, Flock Freight CEO Oren Zaslansky, Best Bay Logistics President Param Singh, and former NEXT Trucking CRO Bobby Napiltonia. Vendorflow founders EricRodriguez and Greg Bujak also recently sat down with Freight Waves TV to discuss how their software helps streamline communication among logistics service providers.

Sparkplug, an employee rewards and commission platform for retail employees also announced a $3.5M round led TenOneTen. In the wake of the pandemic and recent labor shortages, co-founders Andrew Duffy and Jake Levin have doubled down on their focus to support frontline workers. Retailers that use SparkPlug can incentivize in-store sales staff by launching sales-based commission and reward campaigns. And brands are able to pay retail employees directly for promoting and building awareness for their products.

October 14, 2021

Here's some of the latest news from our team and portfolio:

Replicated, which helps SaaS vendors easily ship on-prem and multi-prem software, announced $50M in Series C funding. The company has more than doubled its team over the last year and will use this funding to expand in Germany, Israel, the U.K., and more over the coming months.

Thankful, an AI solution that automates customer service for e-commerce brands, raised $12M in a Series A led by Alpha Edison. Thankful now serves over 50 brands including Crate & Barrel, UntuckIt, and Bombas, and has processed over 30 million customer service tickets to-date

RentSpree, a rental screening provider for tenants and landlords, also announced an $8M Series A from 645 Ventures, Green Visor Capital, TenOneTen, and Amplify. Since its launch, RentSpree has facilitated over 500,000 rental transactions and partnered with many of the largest real estate platforms and associations in the U.S.

Selfbook, a direct booking solution for hotels, was featured in an interview with Bloomberg TV about the challenges and opportunities facing hotels as global travel resumes. Earlier this year, TenOneTen led Selfbook's $2M seed round, alongside Abstract and Better Tomorrow Ventures.

Fulfilld, a cloud-based solution for warehouses, is the latest addition to the TenOneTen portfolio! TenOneTen recently led their $2.5M round, alongside Matchstick Ventures and Jeff Wilke, the former CEO of Amazon's worldwide consumer business. Fulfilld's solution creates a digital twin of the user’s warehouse to better optimize productivity and provide timely insights.

Hi TenOneTen Friends,

Here's some of the latest news from our team and portfolio:

Second Spectrum, which provides the official tracking and analytics software for the NBA, Premier League, and MLS, was acquired by Genius Sports for $200M. TenOneTen initially backed Second Spectrum in their seed round, and we couldn't be more proud of co-founders Jeff, Rajiv & Yu-Han on this exit. The stock and cash deal will bring the power of Second Spectrum's data to help augment Genius Sports' betting feeds.

Outlier.org, an online academy founded by Masterclass co-founder Aaron Rassmussen, announced a $30M Series B led by Unusual Ventures. Outlier's tech and content offering allows students to take affordable online classes for college credit.

Optimal Dynamics, a dynamic routing and automation solution for trucking fleets, announced $18M in Series A funding led by Bessemer. We first backed Optimal Dynamics last year and we were proud to participate alongside Fusion Fund, Westley & Embark.

We're also excited to introduce two new companies to the TenOneTen portfolio:

DeltaTrainer — a 1:1 remote personal training company designed to keep you accountable at home or gym workouts. We recently led their $3.3M seed round and were joined by Maven Ventures and Alpha Edison. We're thrilled to be working with DeltaTrainer founders Matt Spettel and Gabriel Madonna on their journey. Our team has been enjoying the service, and you can join us by using this link for a free month of training.

Cartwheel — a self-delivery software used by restaurants including Portillo's and P.F. Changs. We led a $1M round and were joined by Act One Ventures & Portillo’s. With delivery apps taking an increasingly larger cut of delivery revenues, Cartwheel helps restaurants and other delivery retailers maintain more of their revenues by managing an in-house delivery service.

One of our latest LA Venture podcast episodes featured TenOneTen partner, and co-founder, Gil Elbaz. I was also named among top LA investors under 30, and am thankful to Dot.la for including me.

Hi TenOneTen Friends,

We’ve been enjoying this spring weather. We’re excited to be meeting people in person again! Feel free to reach out for a hike, walk, coffee, or surf with our team! We’ve also been hard at work here at TenOneTen and are excited to share some of the latest news from our team and portfolio:

Windfall Data, a financial data company that helps determine the net worth of households, announced $21M in new funding. Windfall has grown 3x over the last year and counts organizations such as Make-A-Wish, University of Michigan, and Wheels Up among their customer base. 

Daily, an API for adding video calls to any app, also announced their $15M Series A led by Lachy Groom. Driven in part by the rapid move to remote tech during the pandemic, Daily has grown its customer base by 20x since last year, grew revenue 30x, and recently launched audio-only capabilities as well.

We're also excited to welcome NavTrac to the TenOneTen portfolio. Navtrac is an AI-powered yard management system. Because of trade disruptions last year, container shortages were already growing at unprecedented levels (a problem only made worse by the recent Suez Canal obstruction). NavTrac's computer vision and automation technology helps ports and trucking yards move containers faster. They're also hiring a Computer Vision EngineerBackend Engineerand more!

TenOneTen healthcare companies have also been getting some well-deserved recognition. Well Health was named one of the best places to work in healthcare in 2020, and Honeybee Health was named among the most innovative companies in healthcare by FastCompany.

There's also a lot of news from our team. Jim Moffatt, former CEO of Deloitte, joined us as a new Operating Partner. Minnie Ingersoll rang the opening bell of the NYSE to celebrate the launch of ATHN, an all-women's led SPAC. And Eytan Elbaz was named among Seed 100 top Early Stage Investors by Business Insider. 

Hi TenOneTen Friends,

We've been off to a busy and exciting start to the year! Here's a look at some of the latest news from TenOneTen:

Emotive, a conversational texting platform for e-commerce brands led by Brian Zatulove and Zach Wise, announced a $50M Series B led by CRV. TenOneTen initially backed Emotive at their seed round in 2019. The company grew dramatically last year, seeing 466% year-over-year revenue growth in 2020. The new round values the company at $400M.

HealthTensor, a medical software company, which uses AI to automatically augment and correct medical records, announced $5M in new funding led by TenOneTen together with Calibrate and Susa Ventures. To date, HealthTensor's technology has helped write thousands of notes and identified overlooked medical conditions in 95% of cases.

Vested Finance, an online investment platform that allows Indian investors to invest in the U.S. stock markets, announced $3.6M in seed funding. The company saw rapid growth in 2020 and processed more than $100 million in trades. TenOneTen Partner, Gil Elbaz, commented that Vested brings "cross-border investment opportunity to India and beyond" and "allows local investors to diversify globally by spreading out their risk."

Our LA Venture Podcast, featuring conversations with LA-based investors continues to add new episodes. In our latest episode, you can meet TenOneTen Partner, David Waxman. Listen in here!

We're recruiting for an LA-based Tech & Gaming Investor. You can learn more about the opportunity and apply here.

For our previous update, click here. To receive these updates in your inbox, subscribe here or follow us on TwitterInstagram or LinkedIn for the latest.

Eric Pakravan
TenOneTen Ventures

Here's the latest on what's happening at TenOneTen:

Ordermark, a restaurant delivery software company announced a $120M Series C led by the Softbank Vision Fund. TenOneTen led Ordermark's seed round in 2017. More recently, the company raised a Series B led by Foundry Group. The new capital will allow the company to continue building a decentralized ghost kitchen network on top of its existing software offering. We couldn't be more thrilled for the team!

Replicated, a technology solution that makes on-prem deployments for SaaS software easy, also announced a $25M Series B today led by Two Sigma Ventures. The funding will allow Replicated to focus on scaling its sales and marketing efforts as the company looks to triple its headcount by the end of 2021.

Social Native, a technology platform that helps marketers create high performing branded content, announced its acquisition of Olapic. This acquisition will expand Social Native's global reach, adding 250+ new customer logos, and significantly stepping up their revenue and staff worldwide.

Flock Freight, a shared truckload solution for shippers, was recently featured by Forbes for their efforts in using machine learning to reduce carbon emissions in the trucking industry. Flock Freight's solution, which intelligently pairs smaller shipments together into one full truckload, enables less waste and faster delivery times. As a result, Flock Freight earned a B Corporation certification for reducing CO2 emissions by almost 5,000 metric tons last year.

Our LA Venture Podcast, featuring conversations with LA-based investors has added several new episodes, including talks with Wavemaker Labs, Defy, Bonfire, Greycroft, and Good Growth Capital. You can listen in here! 

Here's the latest on what's happening at TenOneTen:

Optimal Dynamics, a dynamic routing and automation solution for trucking fleets announced $4M in new funding led by Fusion Fund. Already, the company is engaged with well-known Fortune 500 shippers to help optimize their fleets. We're proud to be backing the Optimal Dynamics team alongside Embark Ventures and The Westly Group.

FitXR, a fitness gaming studio for VR announced $7.5M in new funding led by Hiro Capital. FitXR’s main boxing title, BoxVR, has become one of the breakout purpose-built exercise apps available for VR devices. We're proud to continue backing the team alongside other existing investors Maveron & Boost VC.

Replicated, a technology solution, which enables SaaS apps to create & ship a behind-the-firewall version, announced that Mark Pundsack is joining as their new Chief Product Officer. Prior to joining Replicated, Mark was formerly the head of product of the $2.75 billion-valued programming giant GitLab.

LA Venture PodcastWe've continued our podcast featuring partners at LA VC funds, now over zoom! If you haven't listened in yet, we humbly recommend it. Some recent highlights:

  • Brendan Wallace of Fifth Wall discusses how he and his team have built a $1.2B real estate focused fund in the past three and a half years.
  • D.A. Wallach of Time BioVentures. D.A.'s path from being a musician in college, getting signed by Pharrell, and then becoming a life sciences investor is worth a listen!
  • Deb Benton of Willow shares consumer insights from her previous roles as COO at NastyGal and ShoeDazzle, and introduces her new consumer-focused fund.

You can find all of our recent podcasts here.

Portfolio Updates:

Here's the latest on what the TenOneTen portfolio is up to:

Daily.co, an API for adding video calls to any app, recently announced $4.6M in new funding led by Freestyle VC. Now, more than ever, we’re seeing the need for video-enabled products, and we were proud to continue backing the team alongside other existing investors Haystack & Root Ventures.

Second Spectrum, which provides the official tracking and analytics software for the NBA, Premier League, and MLS, was featured in a FastCompany article highlighting their work with Steve Ballmer and the LA Clippers. As professional sports teams are being pushed to consider new solutions for virtual fan participation and engagement, Second Spectrum is helping lay the foundation for changing the way sports is consumed.

Ordermark, an online ordering and delivery management platform for restaurants was featured in Forbes. Over the last two months, as restaurants have moved quickly to accommodate online ordering, Ordermark has helped thousands of restaurants bring their businesses online.

Descartes Labs, a geospatial data insights company, has been providing critical insights to state and local governments to help gauge social distancing impacts nationwide. Their data on air pollution and local mobility have been featured by the New York TimesFastCompanyCNNand in some governors' daily briefings. As states plan to reopen, Descartes Labs looks to continue helping decision-makers make optimal and timely decisions through the crisis.

Bits:

Here’s everything else we’re reading and listening to:

Pasadena Innovation Extravaganzooma! Innovate Pasadena. Minnie Ingersoll of TenOneTen is co-hosting a virtual event on Friday, May 22, which will introduce you to the investors, innovators, and entrepreneurs of Pasadena. Registration is now open. Link.

Learnings from our community of LPs, VCs and founders Lindel Eakman. Foundry Group's Lindel Eakman breaks down his learnings from their partner funds and startups, and what to expect in the venture and startup landscape in the coming months. Link.

Telecommuting will likely continue long after the pandemicBrookings Institution. Up to half of American workers are currently working from home, with the pandemic forcing investments in industries where telework is possible. Link.

LA Reinvented: Why innovators are moving south of Silicon Valley Jodie Hopperton. This new book about the LA startup scene features insights from TenOneTen's Eric Pakravan and Ordermark founder Alex Canter. The book was published last month and is on sale now! Link.

Hi TenOneTen Friends,

We hope that you and your families are staying healthy and safe during these challenging times. As the world continues in its fight against this pandemic, we're proud that TenOneTen companies such as Descartes LabsElemental Machines, and Health Tensor among many others have been able to use their technology to help make a difference amid the crisis. Of course, this is only a small part of a nationwide and global effort. We could not be more thankful to the thousands of healthcare workers who truly deserve our appreciation and support at this time.

We're also excited to share some news about TenOneTen Co-Founder and Managing Partner Gil Elbaz. Today, Factual announced its merger with Foursquare. Gil founded Factual in 2008 and will now join Foursquare's Board of Directors. Together, Factual & Foursquare's location-based data set will represent over 500 million devices worldwide, 14 billion user confirmed check-ins, and over 100 million points of interest across 190 countries and 50 territories. We couldn't be more excited.

Portfolio Updates:

Here's some other recent news from the TenOneTen portfolio:

  • Flock Freight, a San Diego-based freight provider that offers full truckload efficiency for LTL shipping, recently announced a $50M Series C led by SignalFire and GLP. TenOneTen backed Flock Freight in 2015, and the company subsequently raised a Series A from GV in 2017.
  • Crexi, an LA-based commercial real estate marketplace, announced a $30M Series B from Mitsubishi, Industry Ventures and Prudence Holdings. Since launching in 2015, Crexi has seen $700B of transactions flow through its platform, with roughly 40% of those deals exclusive to the company.
  • Outlier.org, a Brooklyn-based online academy, announced an $11.7M Series A from GSV Ventures. The company was founded by Masterclass co-founder Aaron Rassmussen, allows students to take online classes for college credit.
  • Strattic: we led a seed round in Jerusalem-based, Strattic, a static hosting platform for WordPress that makes sites "99.99999% more unhackable". In all, the company announced $6.5M in funding from TenOneTen, SignalFire, Accel and Village Global. 

Bits:

Here's everything else we're reading and listening to:

  • Interview with Dinesh Moorjani LA Venture Podcast. Minnie Ingersoll of TenOneTen interviews Dinesh Moorjani of Comcast Ventures. Link.
  • Interview with Minnie Ingersoll LA Venture Podcast. Get to know TenOneTen Partner, Minnie Ingersoll! Link
  • LA + Remote Startups Hiring During Coronavirus Outbreak By @Liora_ & @Ranika. The current crises has affected many tech workers, including here in LA. This directory includes a list of jobs and companies hiring despite the slowdown. Link
  • The CARES Act: A Summary for Technology and Life Sciences CompaniesWilson Sonsini. For technology companies affected by the crisis, the new CARES act can help. To understand how this may be a resource for your company, Wilson Sonsini has prepared a helpful guide. Link.