Basement Fund

Basement Fund is a venture capital firm established in 2020 and located in New York, New York. The firm focuses on investing in early-stage companies, including seed-stage and later-stage ventures. Its investment strategy encompasses various sectors, specifically targeting consumer products, consumer services, information technology, financial services, and financial technology.

17 past transactions

Punchlist

Seed Round in 2021
Developer of a no-code visual feedback platform designed to streamline the feedback process for creative projects. The company's platform allows users to provide feedback directly on any image, Figma comp, or live website, eliminating the need for back-and-forth emails and misinterpretations, in order to streamline communication and ensure that everyone is on the same page, enabling teams to work on an efficient and effective manner.

Trustpage

Seed Round in 2021
Trustpage develops an AI-assisted platform that serves as a centralized hub for software teams to manage and share their security posture. It provides vendors and customers with a dedicated space to collaborate on issues related to security, privacy, and reliability. By streamlining communication, Trustpage enables vendors to respond quickly and accurately to inquiries, leveraging past responses enhanced by artificial intelligence. This approach eliminates reliance on cumbersome methods such as email and spreadsheets, thereby improving efficiency. Additionally, the platform offers complete visibility into the trust management process, which helps shorten sales cycles and prioritize development roadmaps effectively. Overall, Trustpage aims to enhance trust in software companies while ensuring the safety of consumer data.

Fourthwall

Venture Round in 2021
Operator of a monetization platform for creators intended to help them build businesses around their audiences. The company's platform helps creators launch fully-branded websites where fans can support them through e-commerce, donations and memberships while providing full ownership and control of their website and brand, enabling creators to expand their business domain to the outside market in order to earn profits.

Bumblebee

Series A in 2021
Bumblebee Spaces Inc. is a San Francisco-based company that specializes in manufacturing robotics and artificial intelligence-driven home furnishings aimed at optimizing living spaces. Established in 2017, the company has developed a modular ceiling system that allows for efficient storage and retrieval of household items, effectively increasing usable space in apartments. Its innovative approach focuses on utilizing cubic feet rather than square feet, employing smart robotics to manage objects stored in the ceiling. The systems are designed to interact with users through voice commands and offer flexible modules for categorizing and organizing belongings. Additionally, Bumblebee Spaces provides an application that enables users to visualize and control their storage solutions, thus enhancing the organization of their living environments.

LÜK

Seed Round in 2021
LÜK operates an online talent marketplace specifically designed for the fashion and entertainment industries, connecting clients with a diverse array of professionals, including models, photographers, stylists, and hair and makeup artists. By aggregating top talent agencies into a single platform, LÜK simplifies the process of locating and booking creative talent for photo and video shoots, allowing brands to efficiently cast from multiple premium agencies. In addition to facilitating talent bookings, LÜK is evolving into a payments platform for the industry, addressing a significant pain point where talent agencies often wait 60 to 150 days for payment. By factoring the receivables of over 150 talent agencies within its network, LÜK ensures that these agencies receive same-day payouts, thereby enhancing cash flow and operational efficiency.

Memora Health

Venture Round in 2021
Memora Health Inc. is a San Francisco-based company founded in 2016 that specializes in enterprise healthcare productivity software focused on automating outpatient communication. The company addresses the challenges faced by healthcare organizations that invest significant time and resources in phone follow-ups with patients. By providing a solution that automates various aspects of patient interaction, including follow-ups, instructions, health coaching, and the collection of patient-reported outcomes, Memora Health enhances operational efficiency and improves patient engagement through the use of text messaging.

Runway Financial

Venture Round in 2021
Runway Financial, Inc. is a provider of software-as-a-service (SaaS) financial solutions that enhance the accessibility of financial data and insights. The company focuses on modernizing the presentation of business financials through innovative design and technology, aiming to foster greater alignment among teams and facilitate improved decision-making. With its origins in San Francisco, California, Runway Financial emphasizes clarity and speed in financial information, empowering organizations to collaborate effectively. The company's offerings are designed to be user-friendly, making financial data more comprehensible and actionable for various stakeholders within a business.

Dooly

Seed Round in 2021
Dooly Research Ltd. is a Canadian company that specializes in developing an artificial intelligence-driven sales enablement platform designed to enhance the efficiency of sales teams. Founded in 2015, the Vancouver-based company offers software that automates the customer relationship management process by capturing, sharing, and organizing essential customer information. The platform facilitates the synchronization of digital notes, fields, and tasks directly with Salesforce, allowing sales and customer success teams to minimize time spent on administrative duties. By streamlining the flow of information from meetings and customer interactions, Dooly enables teams to focus more on closing sales and achieving core business objectives.

Welcome

Seed Round in 2020
Welcome is a company that specializes in designing and developing a compensation and offer management platform tailored for human resource teams. Founded in 2019 and based in New York, the platform facilitates collaboration among HR professionals, streamlining workflows and approvals. It provides real-time insights and notifications regarding candidate engagement, while clearly outlining role expectations, compensation, equity, benefits, and organizational mission. By utilizing real-time compensation and equity data, Welcome enhances the hiring process, promotes pay equity, and improves the overall candidate experience. This approach enables clients to foster lasting relationships with both candidates and employees.

Hydra Studios

Seed Round in 2020
Hydra Studios operates a network of wellness spaces designed for individuals seeking to optimize their physical and mental well-being. Founded in 2017 and based in New York, the company offers membership-based access to modern facilities that include fitness suites, rainfall showers, steam rooms, infrared saunas, and well-appointed locker rooms. Additionally, Hydra Studios provides bookable nap and meditation rooms, allowing members to recharge in private. The company aims to create an elevated experience for its members, combining fitness, relaxation, and self-care in a thoughtfully designed environment.

Certn

Series A in 2020
Certn Holdings, Inc. is a technology company based in Victoria, Canada, that specializes in applicant screening and risk management solutions. Founded in 2016, Certn uses machine learning and artificial intelligence to evaluate customer credibility, aiming to enhance financial inclusion. The platform offers a comprehensive suite of services for landlords, property management firms, and financial institutions, including criminal record checks, identity verification, and employment and education verification. Certn employs a three-dimensional approach to scoring applicants, utilizing social, behavioral, and financial profiling to assess risk and predict credibility. This methodology allows clients to efficiently identify and manage applications, ultimately streamlining the hiring and tenant selection processes. Additionally, Certn's proprietary Softcheck tool scans extensive databases for negative information, providing rapid results to its users.

HAGS

Seed Round in 2020
HAGS is a digital platform designed for high school students, leveraging the popularity of Snapchat to create engaging experiences tailored for Gen-Z. The company collaborates with over 200 high school ambassadors across the United States to develop products and offerings that resonate with this demographic. HAGS is set to launch its innovative digital classrooms in beta at six high schools in California, allowing students to interact with their peers in a virtual school environment. The platform also enables students to sign friends' yearbooks digitally, enhancing the social experience within the school day through creative and fun interfaces.

ChartHop

Series A in 2020
ChartHop, Inc. is a provider of an organizational management platform that facilitates data-driven strategic planning for leaders and team members. Founded in 2018 and based in Brooklyn, New York, the platform integrates various aspects of an organization, including people, finance, and hiring processes, into a single view. ChartHop enables users to visualize essential employee data through real-time updated organizational charts and custom reporting tools. This allows companies to analyze key metrics such as departmental costs, employee demographics, and compensation structures without the need to aggregate data from multiple sources. By promoting efficiency and transparency, ChartHop empowers organizations to make informed decisions and effectively plan for their future.

Burrow

Series B in 2020
Burrow, Inc. is a furniture design and manufacturing company based in New York, founded in 2016. It specializes in creating luxury furniture for homes, offering a diverse range of products including sofas, sectionals, sleepers, loveseats, armchairs, and ottomans, as well as tables, rugs, and various accessories like pillows and throws. The furniture is handcrafted from sustainably-sourced hardwood and features non-toxic, scratch- and stain-resistant fabrics. Burrow sells its products through physical showrooms located in several states, including Washington, Massachusetts, Texas, and California, as well as online. The company also operates a manufacturing facility in Mexico City, Mexico.

Thrasio

Series B in 2020
Thrasio is an e-commerce holding company based in Medfield, Massachusetts, founded in 2018. The company focuses on acquiring and scaling successful online retail brands across various sectors, including food processing and fitness. By leveraging its expertise in rankings, ratings, reviews, supply chains, and marketing strategies, Thrasio aims to optimize the growth of these businesses. The company collaborates with established sellers to enhance their operations and improve product offerings, ultimately providing customers with a wide range of high-quality products. Backed by investor groups from private equity firms, Thrasio is dedicated to transforming the landscape of online commerce.

Intello

Seed Round in 2020
Intello Inc. operates end-to-end SaaS optimization management platform. The platform provides companies with real-time visibility into their SaaS spend usage, and compliance. The company integrates with existing cloud software and leverages a proprietary browser extension, hence provides companies with real-time visibility into their SaaS data, save money on unused subscriptions, and automates software vendor compliance with intelligent SaaS optimization. Intello Inc. was founded in 2017 and is based in New York, New York.
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