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In a bid to keep costs and rates low, it sells home insurance policies digitally and directly to consumers in 13 states, instead of employing a network of insurance agents. The insurance company itself is structured as a co-op owned by policyholders, with Kin taking 32% of premiums as a management fee. Reinsurance covers about 50% of the risk. In 2025, Kin expanded into two new states (Colorado and Missouri), started offering mortgages and grew its customer base to 217,000 policyholders, up from 172,000 the year prior. <p>Funding: $330 million from QED Investors, Geodesic Capital and Allegis Capital, among others. </p><p>Latest valuation: $2 billion. </p><p>Date of last valuation: August 2025. </p><p>Bona fides: In 2025, Kin revenue climbed to $202 million, from $156 million in 2024. </p><p>Cofounders: CEO Sean Harper, 45, who previously cofounded ecommerce startup FeeFighters, which was acquired by Groupon in 2012; former Kin CTO Lucas Ward, 43, who left Kin in 2023 and previously cofounded fraud analytics startup Rippleshot.</p>
Equipment maintenance startup MaintainX grew from a tool cobbled together from Google Docs and Slack to a $2.5 billion venture when cofounders Chris Turlica and Hugo Dozois-Caouette found that existing computerized maintenance management systems were clunky, expensive and inaccessible to technicians on the field. Serving over 11,000 companies worldwide, its customer portfolio includes Hunter Douglas, Cintas, and Duracell, with the company managing over 11 million assets across manufacturing, facilities management, food and beverage and more. In July, it raised $150M in Series D funding, backed by a slew of investors including Bessemer Venture Partners, Bain Capital Ventures and Hashicorp CEO Dave McJannet.
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