Background Capital

Background Capital is a venture capital firm founded in 2017 and based in San Francisco, California. It specializes in early-stage investments, primarily focusing on startups within the information technology sector. The firm is known for its commitment to nurturing innovative companies and providing the necessary resources to help them grow. Additionally, Background Capital manages Background Capital Fund IV, which is dedicated to supporting early-stage ventures.

Rafael Corrales

Founder

14 past transactions

Reveri

Seed Round in 2022
Provider of personalized digital hypnosis programs designed to manage stress, pain, and insomnia. The company has launched several self-hypnosis skill programs that use hypnotherapy which takes advantage of the relaxed, suggestible state of the brain to alter perceptions of things, enabling patients suffering from anxiety, insomnia, chronic pain, and smoking addiction to get cured and to experience the benefits of self-hypnosis.

Empora Title

Series A in 2021
Empora Title, the premier tech-forward title company, today announces its official entry to the market. With its promise to deliver visibility, transparency, speed and accuracy with every transaction and for every real estate investor, Empora is setting the standard for what the title industry should be - now and for the next 100 years.

Tundra

Series B in 2021
Tundra Inc. operates an online marketplace designed for businesses to buy and sell products efficiently and without fees or markups. Founded in 2017 and headquartered in San Francisco, California, Tundra utilizes proprietary technology to streamline wholesale processes, significantly reducing the time and effort required for transactions. The platform enables direct sales and delivery from U.S. and Canadian brands to a diverse community of over 10,000 businesses across the globe. Tundra offers a wide variety of products in categories such as kids, home, beauty, apparel, and general merchandise, facilitating instant online transactions with freight included. The company is also venture-backed and maintains an office in Zurich.

Aalto

Series A in 2021
Aalto is the private real estate market, an entirely new way to sell your home — designed to offer privacy, flexibility, and peace of mind. Life is stressful enough, selling your home shouldn't be.

Select Star

Seed Round in 2021
Select Star is an intelligent data discovery platform that focuses on improving data accessibility and understanding within organizations. It addresses common challenges faced by data scientists and business analysts, who often spend excessive time searching for the right data. The platform goes beyond a traditional data catalog by offering a user-friendly data portal that enables users to easily locate and comprehend data. Select Star's tool facilitates a clearer understanding of data, including its location, structure, and usage, thereby streamlining the data discovery process and enhancing efficiency for enterprises.

Commons

Seed Round in 2020
Commons operates Joro, a mobile application designed to help users track and improve their carbon footprints. Founded in 2018 and based in Oakland, California, Joro aims to make climate action accessible to everyone by providing accurate estimates of key factors contributing to carbon emissions. The app is designed to facilitate decision-making with minimal manual input, promoting user engagement in sustainability efforts.

Settle

Seed Round in 2020
Settle is a developer of cash flow management software that focuses on automating business-to-business payments and enhancing working capital for sellers. The platform streamlines payment processes through features such as payment management, payable date management, paperless invoicing, and automated payments, enabling businesses to expedite their billing cycles. By facilitating quicker payments, Settle helps sellers receive their funds an average of 15 days faster, thereby improving their overall cash flow and operational efficiency. The company's innovative solutions have garnered positive feedback from customers and investors alike, driving Settle's commitment to providing advanced tools for organizations looking to scale in today's economy.

Settle

Seed Round in 2020
Settle is a developer of cash flow management software that focuses on automating business-to-business payments and enhancing working capital for sellers. The platform streamlines payment processes through features such as payment management, payable date management, paperless invoicing, and automated payments, enabling businesses to expedite their billing cycles. By facilitating quicker payments, Settle helps sellers receive their funds an average of 15 days faster, thereby improving their overall cash flow and operational efficiency. The company's innovative solutions have garnered positive feedback from customers and investors alike, driving Settle's commitment to providing advanced tools for organizations looking to scale in today's economy.

ShoppingGives

Seed Round in 2020
ShoppingGives exists to create social impact with every purchase, having built a community of retailers and nonprofits that give back to one another through their customers and supporters. The community is created through two unique technologies, an intuitive online fundraising platform and ShoppingGives’ technology, Change Commerce. This technology enables retailers to donate a percentage of each purchase to a nonprofit that the customer selects during checkout, building customer loyalty and trust through charitable giving. ShoppingGives was founded on 2015 and is headquartered in Chicago, Illinois.

Free Agency

Seed Round in 2020
Free Agency, Inc. is a talent agency founded in 2019 and based in New York, New York. It specializes in traditional recruiting services, catering to both employers and job seekers. The company operates an online recruitment platform that facilitates connections between individuals and suitable job opportunities. Additionally, Free Agency offers services such as interview coaching and guidance on negotiation and remuneration, helping users secure positions that align with their skills and career aspirations.

OpenLattice

Series A in 2019
Modern data infrastructure for core societal institutions

Commons

Seed Round in 2019
Commons operates Joro, a mobile application designed to help users track and improve their carbon footprints. Founded in 2018 and based in Oakland, California, Joro aims to make climate action accessible to everyone by providing accurate estimates of key factors contributing to carbon emissions. The app is designed to facilitate decision-making with minimal manual input, promoting user engagement in sustainability efforts.

OpenLattice

Seed Round in 2018
Modern data infrastructure for core societal institutions
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