Augment Ventures

Augment Ventures, established in 2011 and headquartered in Ann Arbor, Michigan, is a private equity firm focused on early-stage investments. It targets innovative, mission-driven companies across North America that leverage digitization and data to transform traditional industries. Augment Ventures seeks diverse founding teams tackling significant real-world challenges, with a particular interest in sectors such as supply chain, fintech, health tech, and SaaS.

David Armstrong

Partner and CFO

Nikhil Bahadur

Principal

Jeffrey Kontulis

Principal

Jeffrey Lee

Venture Partner

38 past transactions

SocialCrowd

Seed Round in 2024
SocialCrowd is a developer of an automated employee incentive platform aimed at optimizing workforce performance through data and automation. The platform integrates with various work applications to automatically monitor employee progress toward established goals. It sends periodic reminders to help keep employees on track and provides instant rewards in the form of redeemable points. This system enables managers to enhance employee performance while saving time and maintaining focus on their core responsibilities.

Rivet Work

Venture Round in 2024
Rivet Work Inc. is a company based in Detroit, Michigan, that specializes in providing modern digital tools aimed at enhancing workforce management for contractors, unions, and trade schools. Established in 2019, Rivet offers an application that facilitates the organization and deployment of labor across job sites, enabling users to access and assign their workforce seamlessly. The platform assists contractors in overseeing project activities by tracking real-time updates on job site conditions and allows for instant notifications regarding job changes. By optimizing labor operations through features such as digital dispatch, training, and community organizing, Rivet Work aims to streamline processes within the construction industry and promote it as an attractive option for emerging talent.

JUICER

Seed Round in 2024
JUICER is a technology company focused on enhancing pricing strategies for restaurants through the use of machine learning algorithms. Its system automates dynamic pricing by analyzing historical sales data to forecast demand for menu items accurately. This allows restaurant owners to optimize their pricing in real-time, ensuring that prices are adjusted automatically within their existing point-of-sale or digital ordering systems. By implementing JUICER's solutions, restaurants can increase profitability during peak periods, boost sales during slower times, and improve customer satisfaction by offering tailored deals to price-sensitive diners. The company aims to help restaurants maintain demand patterns while fostering customer loyalty through intelligent pricing strategies.

Optilogic

Venture Round in 2023
Optilogic is a technology company that specializes in supply chain optimization. It offers a unified, cloud-native platform that integrates optimization, simulation, and risk analysis tools. This platform enables corporations to strategize their supply chains effectively by balancing financial performance, cost, service levels, and understanding potential risks. Optilogic also provides project scoping services and custom algorithm development to tailor solutions to specific business needs.

ConverSight

Series A in 2023
ConverSight is a technology company based in Indianapolis, Indiana, that specializes in conversational intelligence. Founded in 2017, it has developed a contextual decision intelligence platform that leverages natural language processing and machine learning to bridge the gap between humans and machines. The platform features an AI assistant that facilitates business insights through natural conversation, enabling users to access and interpret customer data effectively. By generating actionable insights and recommendations, ConverSight empowers organizations to make informed decisions more rapidly, enhancing their monitoring, alerting, and interactive decision-making abilities.

Channel19

Seed Round in 2023
Channel19 is a company that has developed a digital freight aggregation platform designed specifically for small truckers. This platform allows truckers to consolidate freight from various digital broker and load board relationships, enabling them to identify the most profitable loads for their operations. By simplifying the navigation, evaluation, and booking processes within the digital marketplace, Channel19 enhances the efficiency of freight management. Truckers using this platform can potentially increase their revenue by up to 20% and save over $3,000 per truck annually in dispatch costs. Through its innovative approach, Channel19 aims to empower small trucking businesses by providing them with the tools needed to optimize their freight operations.

Secro

Seed Round in 2023
Secro is an early-stage startup founded in 2021 and based in Wilmington, Delaware, focused on developing a supply chain platform that aims to enhance global trade by eliminating fraud, inefficiencies, and exploitation. The company offers a cloud-based solution that enables organizations to collaborate securely and efficiently manage all aspects of complex cross-border transactions, including negotiation, signing, financing, execution, and auditing. By leveraging advanced technology, Secro's platform is designed to vet customers, protect sensitive data, prevent fraudulent activities, detect suspicious behavior, and ensure confidentiality. Additionally, the company seeks to create opportunities for underprivileged communities that have been marginalized by globalization, promoting end-to-end paperless workflows and streamlined processes such as e-bills of lading and contract management.

Fluree

Series A in 2023
Fluree is a technology company that develops a data management platform designed to facilitate secure data sharing and power data-driven insights. Its platform specializes in organizing blockchain-secured data in a scalable semantic graph database, establishing a foundational layer of trusted data for connected and intelligent data ecosystems. This enables clients to make their data completely tamper-proof with a cloud-native architecture, harmonizing front and back-end development under a single source of data truth and reducing the need for custom code and API bloat.

Rivet Work

Seed Round in 2023
Rivet Work Inc. is a company based in Detroit, Michigan, that specializes in providing modern digital tools aimed at enhancing workforce management for contractors, unions, and trade schools. Established in 2019, Rivet offers an application that facilitates the organization and deployment of labor across job sites, enabling users to access and assign their workforce seamlessly. The platform assists contractors in overseeing project activities by tracking real-time updates on job site conditions and allows for instant notifications regarding job changes. By optimizing labor operations through features such as digital dispatch, training, and community organizing, Rivet Work aims to streamline processes within the construction industry and promote it as an attractive option for emerging talent.

Secro

Venture Round in 2022
Secro is an early-stage startup founded in 2021 and based in Wilmington, Delaware, focused on developing a supply chain platform that aims to enhance global trade by eliminating fraud, inefficiencies, and exploitation. The company offers a cloud-based solution that enables organizations to collaborate securely and efficiently manage all aspects of complex cross-border transactions, including negotiation, signing, financing, execution, and auditing. By leveraging advanced technology, Secro's platform is designed to vet customers, protect sensitive data, prevent fraudulent activities, detect suspicious behavior, and ensure confidentiality. Additionally, the company seeks to create opportunities for underprivileged communities that have been marginalized by globalization, promoting end-to-end paperless workflows and streamlined processes such as e-bills of lading and contract management.

Aatmunn

Seed Round in 2022
Aatmunn is an industrial technology company dedicated to transforming the lives of over 2 billion frontline workers worldwide. In response to the alarming statistics of over 2 million frontline worker fatalities in 2023, despite significant investments in safety and productivity, Aatmunn seeks to enhance the adoption of technology among these workers. The company specializes in developing a connected frontline worker platform that integrates advanced proprietary software with a range of wearable devices. This platform proactively monitors users' location, health, and work environment, while also collecting and analyzing on-the-job data. By doing so, Aatmunn enables clients to improve safety and streamline frontline operations. The company has seen substantial growth, achieving a 100% year-over-year increase in annual recurring revenue and earning the trust of over 150 prominent customers, including major corporations and device manufacturers.

Perennial

Series A in 2022
Cloud Agronomics Inc. is a geospatial imaging and analytics company that specializes in providing real-time analytics and predictive insights regarding crop performance to enhance agricultural practices. Founded in 2017 and headquartered in Lewes, Delaware, the company utilizes remote sensing technology to deliver actionable farm management insights. Its offerings include carbon monitoring, digital agronomy, and yield predictions, enabling farmers to identify and address crop disease outbreaks effectively. By providing these advanced analytical tools, Cloud Agronomics aims to optimize agricultural productivity and sustainability.

Crowdz

Convertible Note in 2022
Crowdz is a company focused on modernizing the traditional trade finance industry through innovative technology. Its invoicing software automates product search and sourcing, streamlines commercial transactions, and enhances predictive data analytics. By digitizing receivables on-chain, Crowdz enables small and midsize enterprises to access business financing, fostering their ability to compete both locally and globally. The company has auto risk-rated $4.2 billion in receivables, allowing funders to make informed decisions that align with their investment strategies. To date, over $93 million has been financed through Crowdz's platform. The firm's customer and investor base includes notable entities such as Citibank, Barclays, and Meta, contributing to its total investment of over $28 million.

Akitra

Seed Round in 2022
Akitra is a developer of a cloud-based, AI-driven software platform designed to streamline compliance automation and enhance cybersecurity for enterprises. The platform specifically focuses on helping organizations achieve and maintain compliance with key standards such as SOC 1, SOC 2, HIPAA, ISO 27001, PCI DSS, NIST 800-53, and GDPR. By automating compliance processes, Akitra significantly reduces the time, costs, and risks associated with compliance readiness and audits. Additionally, the platform incorporates advanced network behavior monitoring and risk scoring capabilities, providing a comprehensive multi-layer cybersecurity system that utilizes patented AI technology to protect against ransomware and other cyber threats.

ConverSight

Seed Round in 2022
ConverSight is a technology company based in Indianapolis, Indiana, that specializes in conversational intelligence. Founded in 2017, it has developed a contextual decision intelligence platform that leverages natural language processing and machine learning to bridge the gap between humans and machines. The platform features an AI assistant that facilitates business insights through natural conversation, enabling users to access and interpret customer data effectively. By generating actionable insights and recommendations, ConverSight empowers organizations to make informed decisions more rapidly, enhancing their monitoring, alerting, and interactive decision-making abilities.

Rivet Work

Seed Round in 2021
Rivet Work Inc. is a company based in Detroit, Michigan, that specializes in providing modern digital tools aimed at enhancing workforce management for contractors, unions, and trade schools. Established in 2019, Rivet offers an application that facilitates the organization and deployment of labor across job sites, enabling users to access and assign their workforce seamlessly. The platform assists contractors in overseeing project activities by tracking real-time updates on job site conditions and allows for instant notifications regarding job changes. By optimizing labor operations through features such as digital dispatch, training, and community organizing, Rivet Work aims to streamline processes within the construction industry and promote it as an attractive option for emerging talent.

Crowdz

Series A in 2020
Crowdz is a company focused on modernizing the traditional trade finance industry through innovative technology. Its invoicing software automates product search and sourcing, streamlines commercial transactions, and enhances predictive data analytics. By digitizing receivables on-chain, Crowdz enables small and midsize enterprises to access business financing, fostering their ability to compete both locally and globally. The company has auto risk-rated $4.2 billion in receivables, allowing funders to make informed decisions that align with their investment strategies. To date, over $93 million has been financed through Crowdz's platform. The firm's customer and investor base includes notable entities such as Citibank, Barclays, and Meta, contributing to its total investment of over $28 million.

Fluree

Seed Round in 2020
Fluree is a technology company that develops a data management platform designed to facilitate secure data sharing and power data-driven insights. Its platform specializes in organizing blockchain-secured data in a scalable semantic graph database, establishing a foundational layer of trusted data for connected and intelligent data ecosystems. This enables clients to make their data completely tamper-proof with a cloud-native architecture, harmonizing front and back-end development under a single source of data truth and reducing the need for custom code and API bloat.

LARQ

Series A in 2020
LARQ, Inc. is a company that manufactures and sells self-cleaning water bottles and water purification systems. Founded in 2017 and based in Foster City, California, LARQ utilizes advanced UV-C LED technology to eliminate bio-contaminants, including germs, bacteria, and protozoa, from both the water and the bottle itself. This innovative approach not only ensures safe drinking water but also promotes sustainability and convenience for users. The company's products are available for purchase online, making it easier for individuals to access pristine drinking water wherever they may be.

Perennial

Seed Round in 2020
Cloud Agronomics Inc. is a geospatial imaging and analytics company that specializes in providing real-time analytics and predictive insights regarding crop performance to enhance agricultural practices. Founded in 2017 and headquartered in Lewes, Delaware, the company utilizes remote sensing technology to deliver actionable farm management insights. Its offerings include carbon monitoring, digital agronomy, and yield predictions, enabling farmers to identify and address crop disease outbreaks effectively. By providing these advanced analytical tools, Cloud Agronomics aims to optimize agricultural productivity and sustainability.

Ringo AI

Seed Round in 2019
Ringo AI is a spectral imaging technology revolution. The company is based in Santa Cruz, California.

Flume

Seed Round in 2019
Flume, Inc. develops innovative monitoring devices that attach to existing water meters, enabling real-time transmission of water usage data to users' devices. Founded in 2015 and based in San Luis Obispo, California, the company aims to eliminate water waste and enhance home protection by providing homeowners and communities with critical insights into their water consumption. Users can set up notifications for usage, receive alerts for potential leaks, and access both historical and real-time data, along with a detailed breakdown of water usage by appliances. Flume's mission is to empower individuals to make informed decisions about their water usage, thereby promoting conservation and efficiency.

GeoTix

Series A in 2018
GeoTix Network, Inc. is a software-as-a-service (SaaS) company that specializes in providing solutions designed to help media companies generate new, non-advertising revenue streams through local event discovery and ticket purchasing. Founded in 2015 and based in Traverse City, Michigan, GeoTix operates a platform that enables media organizations to engage their audiences more effectively, enhancing their community presence while leveraging existing content for revenue generation. The platform offers features such as accessible ticket sales data, customer data management, and consistent online ticket sales integration with media companies' websites. By streamlining the ticket sales process and removing national ticket sellers from the equation, GeoTix empowers clients to increase income, enhance branding efforts, drive website traffic, and strengthen community relationships. As of 2020, GeoTix functions as a subsidiary of evvnt Inc.

Slive

Pre Seed Round in 2017
Slive focuses on medical platform development for detecting biomarkers from saliva. The platform that the company provides allows users to monitor diseases. The company was formerly known as Salvme before it changed to Slive. The company was founded in 2016 and is based in Palo Alto, California.

Iteros

Series A in 2017
Iteros is an energy software company that specializes in modeling, controlling, and managing sustainable energy systems. The company offers an end-to-end software platform designed to optimize distributed generation, energy storage, and other complementary distributed energy resource technologies. Its platform features modules for modeling and simulation, monitoring and visualization, and control and management. By leveraging proprietary code, Iteros enables customers to simulate the performance of energy assets, leading to more reliable and sustainable energy grids. This capability allows energy businesses to optimize the operation of their resources and ecosystems, ultimately reducing costs and maximizing returns on investment.

Fluid-Screen

Series A in 2017
Fluid-Screen is a technology company that specializes in microchip-based systems for the rapid detection of bacterial contamination in fluid samples. Its innovative platform significantly reduces the time required for bacterial testing from days to mere minutes, utilizing advanced data analytics and a proprietary lab-on-a-chip design. This capability is particularly beneficial for pharmaceutical companies, enabling them to expedite the development and manufacturing of new therapeutics. Fluid-Screen's technology finds applications across various sectors, including biotherapeutics manufacturing, healthcare, and water quality monitoring, allowing for real-time identification of bacterial presence. By streamlining the testing process, Fluid-Screen supports proactive decision-making, thereby enhancing product, patient, and customer safety.

Rayvio

Series B in 2016
Rayvio Corporation is a technology company based in the United States that specializes in developing ultraviolet light-emitting diodes (LEDs) for water purification and disinfection. Founded in 2013, Rayvio focuses on advanced health and hygiene solutions, offering innovative products that enable clean water and environments. The company's efficient UV LED technology can be integrated into various applications, providing versatile on-demand solutions that empower consumers to manage their health without relying on chemicals or expensive consumables. By leveraging microchip technology, Rayvio aims to enhance healthcare and hygiene, making personal care accessible and affordable for a broader audience.

Mercatus

Series B in 2016
Mercatus, Inc. is a technology company that specializes in developing an enterprise-grade investment and asset management platform tailored for the energy sector. Founded in 2009 and headquartered in San Francisco, the company focuses on automating various phases of the energy investment lifecycle, including origination, development, finance, and management. Mercatus provides solutions that address the complexities of private investment data, enabling clients to effectively manage portfolio monitoring, deal management, and valuation management. The platform also incorporates advanced features for scenario analysis and valuations at both asset and fund levels, offering a comprehensive approach to investment data challenges. In addition to its core platform, Mercatus offers PDF Parser technology for data extraction and a range of professional services to support energy producers. The company, originally known as SCS Renewables, Inc., rebranded to Mercatus, Inc. in May 2013.

Rayvio

Series B in 2015
Rayvio Corporation is a technology company based in the United States that specializes in developing ultraviolet light-emitting diodes (LEDs) for water purification and disinfection. Founded in 2013, Rayvio focuses on advanced health and hygiene solutions, offering innovative products that enable clean water and environments. The company's efficient UV LED technology can be integrated into various applications, providing versatile on-demand solutions that empower consumers to manage their health without relying on chemicals or expensive consumables. By leveraging microchip technology, Rayvio aims to enhance healthcare and hygiene, making personal care accessible and affordable for a broader audience.

Aperia Technologies

Venture Round in 2014
Aperia Technologies, Inc. is a company that specializes in automatic tire inflation devices aimed at enhancing the safety and efficiency of commercial vehicles. Its flagship product, the Halo Tire Inflator, is a self-powered, bolt-on device that utilizes the rotational motion of a wheel to maintain optimal tire pressure by compensating for minor leaks and pressure changes due to temperature fluctuations. This technology is particularly beneficial for a variety of fleet vehicles, including buses, box trucks, tractors, trailers, and refuse vehicles. By ensuring proper tire inflation, Aperia Technologies helps fleet operators reduce fuel costs, decrease environmental pollution, and improve overall road safety. Founded in 2010, the company is headquartered in Burlingame, California, and distributes its products through a network of dealers across the United States.

Lumenetix

Venture Round in 2014
Lumenetix, Inc., established in 2008 and headquartered in Scotts Valley, California, specializes in designing and manufacturing LED light engines. These are not standalone lights but components used by fixture manufacturers worldwide to create energy-efficient, eco-friendly, and controllable LED lighting solutions. Lumenetix offers a range of products, including color tuning modules, linear tuning modules, and fixed white engines, catering to diverse applications such as outdoor area lighting, retail spaces, and medical environments. The company's products are distinguished by innovative thermal management, controls, and optics, ensuring low energy consumption, long life, and exceptional lighting controls. As of 2019, Lumenetix operates as a subsidiary of ERP Power LLC.

Mercatus

Series A in 2014
Mercatus, Inc. is a technology company that specializes in developing an enterprise-grade investment and asset management platform tailored for the energy sector. Founded in 2009 and headquartered in San Francisco, the company focuses on automating various phases of the energy investment lifecycle, including origination, development, finance, and management. Mercatus provides solutions that address the complexities of private investment data, enabling clients to effectively manage portfolio monitoring, deal management, and valuation management. The platform also incorporates advanced features for scenario analysis and valuations at both asset and fund levels, offering a comprehensive approach to investment data challenges. In addition to its core platform, Mercatus offers PDF Parser technology for data extraction and a range of professional services to support energy producers. The company, originally known as SCS Renewables, Inc., rebranded to Mercatus, Inc. in May 2013.

Mercatus

Series A in 2013
Mercatus, Inc. is a technology company that specializes in developing an enterprise-grade investment and asset management platform tailored for the energy sector. Founded in 2009 and headquartered in San Francisco, the company focuses on automating various phases of the energy investment lifecycle, including origination, development, finance, and management. Mercatus provides solutions that address the complexities of private investment data, enabling clients to effectively manage portfolio monitoring, deal management, and valuation management. The platform also incorporates advanced features for scenario analysis and valuations at both asset and fund levels, offering a comprehensive approach to investment data challenges. In addition to its core platform, Mercatus offers PDF Parser technology for data extraction and a range of professional services to support energy producers. The company, originally known as SCS Renewables, Inc., rebranded to Mercatus, Inc. in May 2013.

Aperia Technologies

Venture Round in 2013
Aperia Technologies, Inc. is a company that specializes in automatic tire inflation devices aimed at enhancing the safety and efficiency of commercial vehicles. Its flagship product, the Halo Tire Inflator, is a self-powered, bolt-on device that utilizes the rotational motion of a wheel to maintain optimal tire pressure by compensating for minor leaks and pressure changes due to temperature fluctuations. This technology is particularly beneficial for a variety of fleet vehicles, including buses, box trucks, tractors, trailers, and refuse vehicles. By ensuring proper tire inflation, Aperia Technologies helps fleet operators reduce fuel costs, decrease environmental pollution, and improve overall road safety. Founded in 2010, the company is headquartered in Burlingame, California, and distributes its products through a network of dealers across the United States.

LLamasoft

Series A in 2012
LLamasoft, Inc. specializes in developing supply chain design and analysis software and solutions, providing tools that enhance operational efficiency for businesses worldwide. Founded in 1998 and headquartered in Ann Arbor, Michigan, the company offers a range of products, including Supply Chain Guru, a software for designing supply chains; Transportation Guru, which focuses on network design and transportation routing; and Optimiza, an AI-powered platform that leverages machine learning and optimization algorithms. LLamasoft's solutions help organizations visualize inefficiencies and optimize various aspects of their supply chains, including inventory management, product flow, and transportation. The company serves diverse industries such as aerospace, automotive, healthcare, and retail, enabling clients to make informed decisions that drive profitability and growth. Additionally, LLamasoft provides consulting, training, and technical support services, and collaborates with humanitarian organizations to enhance health supply chains, aiming to positively impact millions of lives.

Aperia Technologies

Seed Round in 2011
Aperia Technologies, Inc. is a company that specializes in automatic tire inflation devices aimed at enhancing the safety and efficiency of commercial vehicles. Its flagship product, the Halo Tire Inflator, is a self-powered, bolt-on device that utilizes the rotational motion of a wheel to maintain optimal tire pressure by compensating for minor leaks and pressure changes due to temperature fluctuations. This technology is particularly beneficial for a variety of fleet vehicles, including buses, box trucks, tractors, trailers, and refuse vehicles. By ensuring proper tire inflation, Aperia Technologies helps fleet operators reduce fuel costs, decrease environmental pollution, and improve overall road safety. Founded in 2010, the company is headquartered in Burlingame, California, and distributes its products through a network of dealers across the United States.

Secro

Secro is an early-stage startup founded in 2021 and based in Wilmington, Delaware, focused on developing a supply chain platform that aims to enhance global trade by eliminating fraud, inefficiencies, and exploitation. The company offers a cloud-based solution that enables organizations to collaborate securely and efficiently manage all aspects of complex cross-border transactions, including negotiation, signing, financing, execution, and auditing. By leveraging advanced technology, Secro's platform is designed to vet customers, protect sensitive data, prevent fraudulent activities, detect suspicious behavior, and ensure confidentiality. Additionally, the company seeks to create opportunities for underprivileged communities that have been marginalized by globalization, promoting end-to-end paperless workflows and streamlined processes such as e-bills of lading and contract management.
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