Khosla Ventures invests in companies that are bold, early, and impactful. The firm was started in 2004 by Vinod Khosla, co-founder of Sun Microsystems, to provide venture assistance to entrepreneurs. Khosla Ventures invests in a range of areas including AI, climate, sustainability, enterprise, consumer, fintech, digital health, medtech and diagnostics, therapeutics, and frontier technology.

Khosla Ventures

TQ Ventures LLC is a venture capital firm led by Schuster Tanger and Andrew Marks based in New York City.  The firm seeks out extraordinary founders across the software complex in businesses with durable competitive advantages. We’re involved in primarily business-to-business (B2B) models, but also some business-to-consumer (B2C) models.  Across our more than 80 global investments, we believe the differentiated support and networks we provide our founders have fueled our track record and our reputation. Founded in 2018, TQ now has around $1 billion under management and is currently investing out of our third $500m fund.  The TQ Ventures investment philosophy:  The overarching ethos of TQ Ventures is: Backing founders building the future. we judge all startups by the same simple rubric:  · Do the founders demonstrate exceptional talent and vision? · Are they solving a problem or delivering an experience that provides substantial value to customers? · Are there enough customers to constitute a large market? · Is there a compelling go-to-market motion to effectively reach those customers? · If successful, will the company have high margins, low capital intensity, scalability with minimal friction and low incremental costs and, crucially, durable competitive advantages? · Are we investing at a valuation that, if the business succeeds, will deliver returns exceeding our fund’s committed capital net of dilution?  Bottom-up Approach versus Thematic or Vertical-Focused  Our investment firm looks for opportunities across a wide range of industries and sectors, with a bottom-up business-model-driven approach. Current investments cover industries including:  · Infrastructure · Artificial Intelligence/Machine Learning · Enterprise · Development Tools · Software as a Service (SaaS) · Consumer Tech · Fintech and Blockchain · Healthcare · Geography  While TQ is based in New York City, some of its team is in San Francisco. TQ has a strong presence in top American venture markets, such as the Bay Area and NYC, but also has invested prolifically in Europe, including CEE. Once in a while, TQ finds a business that fits its investment framework in an emerging market as well.  Our global reach helps TQ Ventures find the best possible businesses to invest with. TQ Ventures leadership team  The TQ Ventures team is led by Schuster Tanger and Andrew Marks, two NYC-based investors with backgrounds from some of the top investing firms globally. Schuster worked at Third Point (Dan Loeb) and Goldman Sachs (Special Situations Group with Josh Easterly), before breaking away to launch TQ Ventures in 2018. He was named in the 2013 Forbes 30 under 30.  Andrew was a managing director at Blue Ridge Capital and previously worked at Blackstone before launching TQ Ventures in 2018. Our team members include talented investment professionals Jana Iris (ex-Hashicorp), Alexis Vitenas (ex-sales), Elisabeth Rulke (Princeton physics), Finbarr Timbers (Midjourney, ex-DeepMind), Elliot Graebert (ex-Palantir) and Michael Kilberry (AI / ML Google).  TQ Venture success stories  With more than 80 portfolio companies under the TQ Ventures umbrella and our third investment fund well under way, TQ Ventures has a track record of successful partnerships. Recent TQ Venture partner companies include: · log10: An AI company based in San Francisco that offers large language model (LLMOps) support for machine learning applications. · nsave: A fintech company that brings secure banking to people from emerging economies. · Cleanlab: An AI firm that automates data science testing and repair to endeavor to make sure AI-derived data is error free. · Plenful: A healthcare software provider that makes pharmaceutical workflows more efficient using AI.  Partner with TQ Ventures  The team at TQ Ventures is always looking for emerging companies with a differentiated business model and an exciting outlook on the future. Our bottom-up generalist philosophy, enthusiasm for innovative businesses, and ability to help with B2B customer introductions make us the ideal investor for early-stage businesses on the rise.  To explore opportunities with T! Ventures LLC, please visit tqventures.com.  TQ Ventures FAQs  Who owns TQ Ventures? TQ Ventures is owned by partners Schuster Tanger and Andrew Marks. They co-founded the company in 2018 and now lead a team of investors overseeing 80 partner companies and over $1 Billion in investment funds.TQ is made up of external limited partners, but no external partners own any of the general partner.  What is TQ Ventures III? TQ Ventures III is the third vintage of TQ, a $500 million investment fund round complex operated by TQ Ventures. This portfolio took the overall funds managed by TQ Ventures to over $1 Billion. TQ Ventures III Early focuses on seed-stage companies while TQ Ventures III Growth focuses on Series B-stage companies.  What are the investment focus areas of TQ Ventures? While TQ Ventures is a generalist investment firm and operates in a wide spectrum of industry sectors and geographical locations, it does focus on early-stage investment, primarily seed through Series B. The firm believes in business-model-driven investments, with particular interest in durable competitive advantages.  What industries does TQ Ventures invest in? TQ Ventures is industry vertical agnostic. That means the investment firm invests in a wide range of industries, including fintech, healthcare, AI and machine learning, blockchain, crypto, and infrastructure.

TQ Ventures

Canvas Ventures is an early-growth fund focusing on AI transforming digital health and fintech. Canvas invests in companies at the inflection point of growth, and partners leverage their go-to-market expertise to help Series A and B companies get to the next stage and beyond. With a background in digital health, fintech, and AI, the team at Canvas focuses on companies that solve core problems in these industries and can become billion-dollar exits. All partners are former operators and entrepreneurs and have track records in venture. Rebecca Lynn has been on the Midas List five times. Canvas was founded in 2013, and the third fund is $350M.

Canvas Ventures

Silicon Valley Bank works with technology, life science, cleantech, venture capital, private equity, and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment, and international banking services to its clients worldwide through 27 U.S. offices and seven international operations.   Banking innovative companies and exclusive wineries, Silicon Valley Bank’s diverse financial services, knowledge, global network, and world-class service increase its clients’ probability of success. Forbes Magazine ranks SVB among America’s Best Banks, and Fortune Magazine named SVB one of the Best Companies to Work For in 2012.

Silicon Valley Bank

Camber Creek contributes in a direct and significant way to the success of its portfolio companies by leveraging the real estate expertise, operating experience and portfolio of assets of its partners, investors, and advisors. Camber Creek's investment team has investing, operating, and technology experience and expertise across a range of real estate businesses, including construction, property management, development, and leasing.

Camber Creek

Pear is an early-stage venture fund founded by Pejman Nozad and Mar Hershenson. Their co-founding managers have historically seeded very early stage tech start-ups such as Doordash, Guardant Health, Gusto, Viz.ai, Dropbox, Lending Club, Vanta, Zoosk, Addepar, Path and many others. Their motto is simple: they invest in exceptional founders who are building amazing companies. They utilize every resource they have to assist their founders and entrepreneurs shape the future.

Pear VC

Wave is a venture firm that specializes in marketplaces. From hiring an early team to finding product-market fit and raising a strong series A, their firm is designed to be the only partner founders need as they get up and running.

Wave Capital

BAM Elevate is a growth equity fund that invests in breakout companies in transformational industries poised to compound long-term value.

BAM Elevate

Darwin Homes

Darwin Homes is the property management platform that elevates the rental experience for property owners and residents. It offering a comprehensive set of services to Owners and Residents. Darwin is committed to bringing transparency and integrity to Property Management - elevating the experience once and for all.

Darwin Homes is a full-service property management platform that handles resident screening, leasing, rent collection, inspections, eviction, and repairs and maintenance. The company also finds new tenants for free if they break their leases within the first six-months, The company aims to improve rental experience for both landlords (e.g. finding renters that pay ontime and maintain the homes) and tenants (e.g. ensuring timely repairs).

Property owners and real estate companies are able to handle larger portfolios while offering faster and cheaper services.

Residential PropTech

Darwin Homes on LinkedIn: https://lnkd.in/gNV7SepM

Darwin Homes is a full-service property management platform that handles resident screening, leasing, rent collection, inspections, eviction, and repairs and maintenance. The company also finds new tenants for free if they break their leases within the first six-months, The company aims to improve rental experience for both landlords (e.g. finding renters that pay ontime and maintain the homes) and tenants (e.g. ensuring timely repairs).The company charges a monthly fee of USD 99, in addition to 75-100% of the first month’s rent.In January 2021, Darwin Homes raised USD 15 million in a Series A funding round led by Canvas Ventures and including participation from Camber Creek, Khosla Ventures, Wave Capital, Pear Ventures, and Silicon Valley Bank, and angel investors Tony Xu (DoorDash), Ryan Graves (Uber), and Andrew Marks (TQ Ventures).The funding will allow the company to expand beyond its current operation in Texas to new locations including Florida, Ohio, Tennessee, Colorado, and North Carolina.

Houzz is a platform connecting homeowners with vendors such as home improvement professionals, interior designers, and others. The platform gives opportunities to home improvement professionals to showcase their work and provide contact information so they can be reached by homeowners in need of such services. Over time, the company has also established an e-commerce marketplace for selling goods, such as furniture and others.&nbsp;In July 2024, the company upgraded its Houzz Pro 3D Floor Plan Tool to include multi-floor capabilities, allowing professionals to design and visualize multi-story buildings within the platform. This enhancement, part of the Houzz Pro suite, aimed to improve collaboration and communication between professionals and clients by offering a more comprehensive view of entire homes or multi-level commercial spaces. It also introduced AutoMate, a set of AI-powered tools integrated into Houzz Pro, designed to enhance efficiency for building, remodeling, and design professionals. Utilizing Houzz Vision AI technologies and GenAI models, AutoMate aimed to streamline workflows and improve productivity within the home improvement industry. Pricing details for this new feature were not disclosed.The company’s core business is to offer subscription plans to contractors and designers so they can list their services. The company offers its subscription in three different tiers: Starter, Essential, and Pro, priced at USD 85, USD 129, and USD 199 per month, respectively, excluding its Advertising package which costs USD 499 per month.Houzz was impacted negatively by the Covid-19 pandemic and had to lay off 155 employees (10% of the total) in April 2020. However, that was not the first layoff as it also let go of around 180 employees in January 2019 when the company stated that it was preparing for its IPO. The IPO is expected to be finalized in early 2022.In December 2021, Houzz acquired an Australian-based SaaS platform providing home construction planning and professional estimation tools through ConX. ConX’s tools were to be built into the end-to-end Houzz Pro offering to serve construction contractors better through the Houzz platform. It, therefore, allowed users of the Houzz platform to streamline the estimation process and efficiently manage workflow when undertaking home improvement projects.&nbsp;Key customers and partnershipsThe company had over 65 million monthly as of August 2022.In July 2024, the company partnered with GreenSky, a financial technology company, to provide home improvement financing options. The partnership integrated GreenSky's home improvement loans into Houzz Pro's business and marketing management software. This collaboration aimed to empower builders and remodelers by providing them access to financing options, potentially helping them close more business deals.

Houzz

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 DocuSign offers eSignature tools to facilitate the management of electronic agreements. These tools enable users to upload and send documents that require signatures, with other features such as checking the status, sending reminders, and storing documents online. The company offers its services to many sectors, including real estate, healthcare and insurance.&nbsp;
 
 
 For the real estate sector, DocuSign automates many transaction processes by providing electronic signing of documents, online notarizations, and a&nbsp; collaboration workspace for the relevant parties (buyers, sellers, agents, etc.). DocuSign claims it helps the property sector reduce paper costs and speeds up the process, while reporting that around 82% of documents sent through its platform get signed within a day.&nbsp;
 
 
 DocuSign has a specific plan for real estate purposes. The plan comes in three different tiers: Real Estate Starter, Real Estate, and Realtors, priced at USD 15, USD 45, and USD 35 per month, respectively.
 
 
 In May 2024, DocuSign 
 <a href="https://sp-edge.com/updates/29171">
 announced its agreement to acquire
 </a>
 Lexion, a contract management platform, for USD 165 million in cash, subject to customary adjustments. Through this acquisition, DocuSign planned to leverage Lexion&rsquo;s AI-based contract management technology and expertise to strengthen its position in the Intelligent Agreement Management (IAM) space and enhance DocuSign&rsquo;s IAM platform capabilities.
 
 
 DocuSign went public in 2018 and was valued at around USD 4.4 billion at the time of its listing.
 
 
 For FY2024, DocuSign reported total revenue of USD 2.8 billion (up 10% YoY), compared to a total revenue of USD 2.5 billion recorded for FY2023. The company reported a non-GAAP net income of USD 622.9 million for FY2023, compared to a non-GAAP net income of USD 418.9 million recorded a year ago.
 
 
 Key customers and partnerships
 
 
 As of January 2024, the company had over 1 billion worldwide users since 2003 and over 1.5 million paying customers.
 
</div>

DocuSign

HomeLight initially started as an agent matching platform for home buyers and sellers, but has expanded its product portfolio to provide title and escrow, home estimation, home loans, and other services.For the agent matching service, buyers and sellers answer online questionnaires to determine their specific needs. The platform then uses an algorithm to crunch historical transaction data to find the most suitable agents in its database, which included over 30,000 agents as of July 2024. The platform typically lists up to three agents for buyers/sellers to select from and offers a consultation service to refine the selection further and ensure clients get the most suitable agents.HomeLight also provides a trade-in service, where it will guarantee to pay a certain price for the client’s current home. This way, clients do not need to worry about home sale contingency (a new home transaction is contingent on the sale of an existing home) when they want to purchase a new home. In addition, clients will get additional cash (less any selling-related costs and trade-in fees) if HomeLight can sell their old homes in the market for more than the guaranteed prices (i.e., clients can get the full market value).The platform is available for free to buyers and sellers, but the agent matching service charges a standard referral fee of 25% to the gross commission of agents when they get selected. The platform stated that its recommendations are transparent and based solely on the agents’ performance metrics. In August 2020, HomeLight acquired a transaction management tool, Disclosures.io, that enables real estate professionals to manage transactions as well as market and sell homes in one place. In June 2022, HomeLight acquired Accept, a property financing platform, for an undisclosed amount. Through the acquisition, HomeLight leveraged Accept’s tech-based mortgage solution to offer clients a contingency-free transaction and provide homebuyers with pre-qualified mortgages to facilitate cash offers.The company expected its revenue to exceed USD 300 million in 2021, triple that of 2020. HomeLight’s Cash Offer, the service that allows homebuyers to make upfront cash offers through its certified agents, grew by 500% YoY in transaction volume and achieved USD 3 billion in combined referred transaction value with Accept.Inc in Q1 2022.Key customers and partnershipsAs of September 2021, the company had served over one million customers.

HomeLight

<div>
 
 Porch operates a home services platform. In the business-to-consumer (B2C) segment, Porch provides an online marketplace that connects homeowners with home improvement professionals (e.g. appliance repair, electricians, plumbers, etc.). The company states that it works with two out of every three homebuyers in the US every month. The company also offers home moving and handyman services, as well as home and auto insurance. It&nbsp;
 <a href="https://sp-edge.com/updates/25523">
 launched RynohVerifi
 </a>
 , a fraud warning tool aimed to offer fraud protection for title and escrow companies in January 2024.
 
 
 In the business-to-business (B2B) segment, the company provides home inspection software and home moving software for home service companies. Porch has formed partnerships with many leading companies across a number of verticals, including real estate companies, home inspection companies, retail companies, home warranty companies, and others.
 
 
 Although the company&rsquo;s core focus has been home improvement and repair services, Porch has also made notable acquisitions to branch out into new segments. In January 2021, the company acquired Homeowners of America (home insurance provider) for USD 100 million, V12 Data (omnichannel marketing data solution provider) for USD 22 million, and Palm-Tech (home-inspection software company) and iRoofing (roofing app for contractors) for undisclosed amounts.
 
 
 In July 2020, Porch announced a merger with a Special Purpose Acquisition Company (SPAC), PropTech Acquisition Corporation, through which the company would go public. The merger was finalized in December 2020, and the company began trading on Nasdaq under the ticker &lsquo;PRCH&rsquo;, raising a total of more than USD 322 million at a valuation of over USD 1 billion.
 
 
 Funding and financials
 
 
 For FY2023, Porch reported 56% YoY growth in total revenue to USD 430.3 million, compared to USD 275.9 million recorded in FY2022. Adjusted EBITDA loss for FY2023 amounted to USD 44.5 million (translating to an adjusted EBITDA margin of -10%), compared to an adjusted EBITDA loss of USD 49.6 million recorded a year ago (translating to an adjusted EBITDA margin of -18%).
 
</div>

Porch

​​Mynd operates a platform for individual investors (i.e individual landlords) of Single Family Rental (SFR) properties that provides full-service property management (mostly to individual owners) using digital leasing with 3D tours, self-showings, tenant screening, tenant and owner portals, financial reporting, electronic rent collection, repairs and maintenance, a dedicated portfolio manager, and 24/7 emergency support.The company claims the platform has reduced leasing times and generated high-quality tenants with low delinquency for its users. One advantage of using Mynd is that the company provides a guarantee of up to USD 5,000 when 1) tenants fail to pay rent, 2) damage to the properties beyond the normal wear and tear, and 3) tenants cannot pay and get evicted. The company has different subscription fees for various cities. The company’s pricing for its full service without guarantees ranges from USD 69 - 99 per month, while its prices range between USD 99 - 199 per month with the inclusion of guarantees.As of August 2024, the company managed over 18,000 homes and USD 6 billion worth of assets under management, spanning over 27 markets across Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Oregon, Tennessee, Texas, and Washington.In June 2024, Mynd <a href="https://sp-edge.com/updates/30124">merged with</a> <a href="https://sp-edge.com/companies/354173">Roofstock</a>, a real estate investment platform focused on SFRs, to offer users integrated property investment and management offerings. Through this merger, Mynd planned to provide real estate investors with an integrated investment and rental management platform, offer analytical insights on SFRs, and support buying and selling decisions.

Mynd

Tools for automating property lease management workflow processes. Some startups handle the entire leasing process while others only handle part of the process (e.g., rent collection). Leasing tools for agents are included here.

These tools automate the property appraisal process. Appraisals are generally required by lenders before originating mortgages to buyers.

Tools for title and escrow, as well as transaction management;
1) Title and Escrow: These platforms provide settlement and closing services. They cover a variety of tools, such as, title search and examination, automated generation of closing disclosure, online notarization, automated fund disbursements using electronic cheques, etc. 
2) Transaction Management: These platforms generally enable various users (agents, buyers, sellers) to manage real estate transactions more efficiently. They bring all users and tools together onto a single platform to complete tasks like electronic signatures, seller disclosure forms, etc.

These tools essentially help agents in buying and selling activities, such as generating and managing leads, getting referrals, and searching for suitable homes for clients.

These platforms handle activities related to home maintenance and improvements. They either provide the services themselves or simply connect clients to vendors.

Companies that offer tools that allow renters or buyers to view homes without visiting the sites.

Companies that offer an online platform to match buyers and sellers of residential real estate properties.

Allows real estate agents to create 3D virtual tours for properties

Uses AI/ML to support property related tasks such as rental payments and spatial data capturing

Uses GenAI to help customers navigate listings, enhance marketing content, and automate communications

Transaction closing tools that use the blockchain to facilitate title and escrow services

Darwin Homes

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