Background Capital

Tempest is a ready-to-use self-serve platform that enables developers to automate app development, deployment, and management while ensuring security and compliance.

Tempest delivers a ready-to-use self-serve platform, empowering developers to automate building, deploying and managing their apps with built-in security and compliance. Tempest combines everything teams need from a service catalog and software ownership to powerful end-to-end automations, enabling organizations to accelerate time to market, boost productivity, and maximize engineering ROI.

Visia AI is a New York-based company founded in 2019 that specializes in waste management through the use of artificial intelligence. The company develops a computer vision platform that enhances waste segregation by focusing on error detection, quality standardization, machine maintenance, pricing, and usage analytics. This innovative software aims to create safer and more transparent recycling processes for industry leaders involved in the circular economy. By leveraging data-driven decision-making, Visia AI empowers materials recovery facilities to efficiently manage waste and optimize the value derived from recyclable materials.

Flipturn is a company focused on addressing climate change through the acceleration of transportation electrification. It has developed a fleet and charger management platform tailored for electric vehicle charging stations. This platform provides essential features such as real-time monitoring of chargers and vehicles, power management, and optimized charging schedules. By offering these capabilities, Flipturn enables businesses to enhance their charging infrastructure and streamline their electric vehicle operations, contributing to a more sustainable transportation ecosystem.

Emperia creates and manages immersive virtual experiences for brands across retail sectors. Its platform combines e-commerce accessibility with physical shopping impact, offering customer engagement, personalization, data monitoring, and omnichannel cohesion. Based in London and New York, Emperia's team comprises 3D environment engineers, fashion industry veterans, and branding experts. They collaborate with renowned brands like Dior, Burberry, and Harrods to deliver innovative virtual experiences.

Reveri is a company focused on making self-hypnosis accessible to individuals seeking to address various physical and mental health challenges, including anxiety, insomnia, chronic pain, and addiction. Founded by Dr. David Spiegel, a prominent psychiatrist from Stanford University, Reveri draws on 45 years of clinical research and practice to provide effective solutions. The company offers a clinically-backed self-hypnosis app that delivers personalized, guided sessions designed to replicate the experience of in-person therapy. By leveraging the brain's relaxed and suggestible state, Reveri's programs aim to help users alter their perceptions and behaviors, empowering them to achieve their health and wellness goals.

Collective.work provides a complete digital infrastructure dedicated to teams of independent workers and builds the SaaS-enabled marketplace to allow any independents to create and run collectives with a professional back-office and access opportunities.

Empora Title is a technology-driven title company that aims to transform the title industry by emphasizing visibility, transparency, speed, and accuracy in real estate transactions. The company offers a comprehensive portal that consolidates all relevant title information, documents, and real estate deal details into a single platform. This streamlined approach enables clients to facilitate seamless transactions for all parties involved, setting a new standard in the title sector. With a commitment to innovation, Empora Title positions itself as a leader in delivering reliable and efficient services to real estate investors.

Tundra Inc. is an online marketplace based in San Francisco, California, that facilitates the buying and selling of wholesale products for businesses. Established in 2017, Tundra offers a platform where independent retailers can access over two million ready-to-ship wholesale items from both established and emerging brands. The company operates on a zero-commission model, allowing brands to present their complete catalogs at wholesale prices with low minimum order requirements. Tundra's proprietary technology streamlines the wholesale process, automating various tasks to save time and reduce costs for both buyers and suppliers. The marketplace serves a community of over 30,000 retailers, providing a wide range of products across popular categories such as kids, home, food, beauty, apparel, and general merchandise. In addition to its San Francisco headquarters, Tundra has offices in Boston and Zurich.

Aalto is a private real estate marketplace that provides a new approach to selling homes, emphasizing privacy, flexibility, and a streamlined experience. The platform is designed to facilitate the buying and selling process by allowing homeowners to list their properties on customized terms and timelines. Aalto aims to enhance the home selling experience, enabling clients to achieve favorable prices while maintaining confidentiality throughout the transaction. By prioritizing user experience, Aalto seeks to alleviate the stress often associated with selling a home.

Select Star is a modern data governance platform that helps organizations manage and understand data at scale, enabling AI, analytics, and self-serve analytics across the business. It automatically catalogs datasets, traces end-to-end data lineage, and builds a shared business glossary and semantic layer, allowing teams to work with trusted data. The platform provides a user-friendly data portal and built-in automation to support data democratization, governance, semantic layers, and cloud data migrations, serving as a foundational layer for enterprise AI and data initiatives while improving data discovery and collaboration among data scientists and business analysts.

Commons is a company that empowers individuals to transform their purchasing habits into meaningful climate action. Founded in 2018 and based in Oakland, California, Commons offers a consumer-facing application that enables users to track, reduce, and offset the carbon emissions associated with their purchases. The app provides practical tools that help users understand their carbon footprint in real-time, discover methods to minimize emissions, and access a curated selection of high-quality carbon offsets. By leveraging their purchasing power, consumers can collectively contribute to a more sustainable economy, making each transaction an opportunity for positive environmental impact.

Settle is a cash-flow management software company that automates business-to-business payments and helps optimize working capital. The platform provides payment management, payable date control and extensions, paperless invoicing, auto payments, automated purchase orders, and proactive replenishment alerts to streamline procurement, accounts payable automation, and financing, enabling faster billing cycles and improved visibility into liquidity. Founded in 2019 by Alek Koenig and based in San Francisco, Settle serves companies seeking integrated tools to improve cash flow management.

ShoppingGives is a philanthropic platform founded in 2015 and headquartered in Chicago, Illinois, that aims to create social impact through everyday purchases. The company connects retailers with nonprofits, allowing customers to select charitable organizations to receive a percentage of their purchase at checkout. This integration enhances the shopping experience by making charitable giving seamless and accessible. Through its innovative technology, Change Commerce, ShoppingGives fosters a community where retailers can engage with their customers on a deeper level, promoting loyalty and trust while supporting various causes. This approach not only benefits nonprofits but also aligns with the values of socially conscious consumers.

Free Agency, Inc. is a talent agency established in 2019 and headquartered in New York, New York. The company specializes in traditional recruiting services, catering to both employers and job seekers. It operates an online recruitment platform designed to assist individuals in talent acquisition by connecting them with suitable job opportunities. Additionally, Free Agency offers services that include interview coaching and support in negotiating job offers and remuneration, empowering users to find positions that align with their skill sets and career aspirations.

OpenLattice, Inc. is a data infrastructure company founded in 2017 and based in Redwood City, California. It specializes in providing a cloud-based data management platform that enables government organizations to securely share and integrate sensitive data across various sectors, including public safety, healthcare, and social services. By linking individual-level data from previously siloed information systems, OpenLattice supports public servants in making informed, data-driven decisions. The platform is particularly focused on addressing societal challenges such as mass incarceration and the opioid epidemic, allowing state and local governments to implement targeted interventions based on comprehensive data analysis. Through its innovative approach, OpenLattice aims to improve operational efficiency and human outcomes within government organizations of all sizes.

Commons is a company that empowers individuals to transform their purchasing habits into meaningful climate action. Founded in 2018 and based in Oakland, California, Commons offers a consumer-facing application that enables users to track, reduce, and offset the carbon emissions associated with their purchases. The app provides practical tools that help users understand their carbon footprint in real-time, discover methods to minimize emissions, and access a curated selection of high-quality carbon offsets. By leveraging their purchasing power, consumers can collectively contribute to a more sustainable economy, making each transaction an opportunity for positive environmental impact.

OpenLattice, Inc. is a data infrastructure company founded in 2017 and based in Redwood City, California. It specializes in providing a cloud-based data management platform that enables government organizations to securely share and integrate sensitive data across various sectors, including public safety, healthcare, and social services. By linking individual-level data from previously siloed information systems, OpenLattice supports public servants in making informed, data-driven decisions. The platform is particularly focused on addressing societal challenges such as mass incarceration and the opioid epidemic, allowing state and local governments to implement targeted interventions based on comprehensive data analysis. Through its innovative approach, OpenLattice aims to improve operational efficiency and human outcomes within government organizations of all sizes.