Grayhawk Capital

Grayhawk Capital is a Scottsdale-based venture capital firm established in 2000, focusing on early and growth stage investments primarily in the technology and healthcare sectors within the Southwestern United States. The firm manages an $80 million fund and has a strong track record, with partners who collectively possess over 60 years of experience and have managed eight separate venture funds totaling more than $500 million. Grayhawk Capital targets companies led by exceptional management teams and serial entrepreneurs, operating in dynamic markets characterized by innovative and disruptive products. Its investment sectors include mobile computing, cloud services, security, enterprise software, healthcare IT, and financial services. The firm typically invests between $1 million and $15 million in companies with annual revenues exceeding $3 million and enterprise values between $15 million and $75 million. Grayhawk Capital seeks to acquire minority ownership positions and usually holds its investments for three to seven years, aiming for exits through strategic sales or public offerings.

Leib Bolel

Partner

Brian Burns

Managing Partner

Sherman I. Chu

Managing Partner

Alex C. Glenn

Associate

Brian Smith

Managing Partner

50 past transactions

AccountNow

Series C in 2007
AccountNow is a leading provider of prepaid card financial solutions for the 40 million US consumers who do not have established credit, credit cards, or traditional banking relationships. AccountNow’s money saving offers give consumers an alternative to "traditional" checking accounts and access to the financial and payment systems, including Visa prepaid cards, Pay Anyone Bill Payment and FDIC-insured deposits. AccountNow Prepaid Cards are issued by The Bancorp Bank or MetaBank pursuant to a license from Visa U.S.A. Inc. or MasterCard International Incorporated. Cards can be used everywhere Visa debit cards or Debit MasterCard is accepted. MasterCard is a registered trademark of MasterCard International Incorporated. The Bancorp Bank and MetaBank; Members FDIC.

eVisit

Grant in 2016
eVisit, Inc. develops a telemedicine patient engagement platform that allows healthcare providers to connect with their patients for checking in post-operation or medical condition diagnosing aspects. The company’s web application connects primary care providers with their patients by webcam or phone for the remote diagnosis and treatment of most minor medical conditions, such as cold, flu, and allergies. The eVisit platform allows providers to collect patient co-pays, electronically prescribe prescriptions to the pharmacy of the patients’ choice, and submit medical charts for reimbursement to third party payers. The company was founded in 2013 and is based in Mesa, Arizona.

Lucid

Series A in 2014
Lucid Software Inc. develops cloud-based tools to build visual content on the Web. It offers Lucidchart, a diagramming application used to create visual communications; and Lucidpress, a publishing tool used to create print and digital content. The company also supports various communication needs ranging from brainstorming to project management. Lucid Software Inc. was founded in 2010 and is based in South Jordan, Utah. It has additional offices in Melbourne, Australia; and Amsterdam, the Netherlands.

Tagboard

Series A in 2022
Tagboard is a software platform that uses the hashtag to aggregate social media for end-users, brands, agencies and marketers, displaying content from multiple networks in a comprehensive and engaging visual format. Tagboard's turnkey solutions allow marketers to leverage powerful tools designed to filter positive influence, amplify engagement, and showcase branded experiences through social curation and integration. End-users can self-discover, interact with, and join the discussion all within a single, easy-to-use feed. Tagboard helps some of the biggest brands in the world play a more active role in the social conversation by encouraging their audiences to share their experiences on a branded, moderated platform. Based in Redmond, WA, Tagboard has discreetly pioneered hashtag marketing since 2012.

Totango

Series D in 2018
Totango, Inc. develops an enterprise grade customer success platform that allows users to connect their customers’ data, monitor health changes, and engage their customers. The company offers Customer Success Centre, a solution for customer engagement; Zoe, a solution for enterprise impact; and DNA-CX, a solution for multidimensional customer context in real-time. Its solutions include voice of the customer, customer onboarding, customer adoption, customer renewal, and customer escalation. The company was founded in 2010 and is based in Redwood City, California. Totango, Inc. operates as a subsidiary of Totango Ltd.

Pillir

Series A in 2013
Pillir offers an application development platform that enables non-programmers to build mobile and web applications. Pillir drives business productivity with pre-built, pre-integrated, ready-to-use Freedom Apps and the Freedom Platform, which empowers enterprises to build, deploy, manage, and run mobile apps in a simple user-based subscription model. It was founded in 2013 and headquartered in Chandler, Arizona.

Folloze

Series A in 2021
Folloze is a provider of an innovative Account-Based Management (ABM) Sales Platform, which enables B2B sales teams to use marketing techniques to engage, develop, and win their top target accounts. Built for scale, the platform allows marketing to empower sales to deliver account-specific content campaigns, content automation, actionable account analytics, and more, all from within their familiar sales tools. These capabilities enable salespeople to act as consultants through the selling process, delivering significantly more value to customers and drastically increasing their sales pipelines. Folloze is headquartered in Palo Alto, California with a development center in Tel Aviv, Israel. It was founded by a group of marketing, sales, and technology veterans and is backed by world-class investors. The company has dozens of customers including fortune 500 companies.

Claravine

Series B in 2022
Claravine enforces accurate, unified, rich tracking of campaigns and content across the enterprise. Their platform standardizes, governs, and connects data across every team, system, and channel. As a result, users will have richer insights, better experiences, and increased ROI from their marketing investments. Claravine released the first second-generation platform for Digital Experience Data Management in 2018. This platform expanded on the core data governance capability of Claravine, helping organizations better standardize, enrich, and connect marketing data across teams and channels.

Emergent Respiratory

Venture Round in 2003
Emergent Respiratory produces proprietary medical devices for delivering non-invasive ventilation therapy. Emergent’s positive pressure ventilation platform incorporates pressure-balanced patient valves, single-use breathing circuits, and a line of proprietary masks for use as an early intervention to treat all forms of dyspnea (difficulty breathing) including CHF (Congestive Heart Failure).

SyncHR

Series A in 2015
SyncHR is HCM, redefined and simplified. SyncHR is the Human Capital Management (HCM) cloud-based technology leader streamlining Core HR, benefits, payroll and reporting in a single, enterprise-class application for mid-sized companies. Founded in 2010, the SyncHR team of industry veterans and visionaries has developed patented technology that saves time, increases productivity, and delivers a superior economic value by simplifying the complexity of HCM through one robust application. The company’s dedicated services and customer care teams deliver industry-leading implementation times, and the intuitive interface creates an enhanced user experience for employees and administrators. SyncHR has created a new reality in HCM by making centralized, interrelated data easy to access, correct, control, and analyze - anytime. Get started today, because no one should have to choose between affordability and premium functionality. www.syncHR.com

Folloze

Private Placement in 2019
Folloze is a provider of an innovative Account-Based Management (ABM) Sales Platform, which enables B2B sales teams to use marketing techniques to engage, develop, and win their top target accounts. Built for scale, the platform allows marketing to empower sales to deliver account-specific content campaigns, content automation, actionable account analytics, and more, all from within their familiar sales tools. These capabilities enable salespeople to act as consultants through the selling process, delivering significantly more value to customers and drastically increasing their sales pipelines. Folloze is headquartered in Palo Alto, California with a development center in Tel Aviv, Israel. It was founded by a group of marketing, sales, and technology veterans and is backed by world-class investors. The company has dozens of customers including fortune 500 companies.

Lucid

Series B in 2016
Lucid Software Inc. develops cloud-based tools to build visual content on the Web. It offers Lucidchart, a diagramming application used to create visual communications; and Lucidpress, a publishing tool used to create print and digital content. The company also supports various communication needs ranging from brainstorming to project management. Lucid Software Inc. was founded in 2010 and is based in South Jordan, Utah. It has additional offices in Melbourne, Australia; and Amsterdam, the Netherlands.

AccountNow

Series A in 2004
AccountNow is a leading provider of prepaid card financial solutions for the 40 million US consumers who do not have established credit, credit cards, or traditional banking relationships. AccountNow’s money saving offers give consumers an alternative to "traditional" checking accounts and access to the financial and payment systems, including Visa prepaid cards, Pay Anyone Bill Payment and FDIC-insured deposits. AccountNow Prepaid Cards are issued by The Bancorp Bank or MetaBank pursuant to a license from Visa U.S.A. Inc. or MasterCard International Incorporated. Cards can be used everywhere Visa debit cards or Debit MasterCard is accepted. MasterCard is a registered trademark of MasterCard International Incorporated. The Bancorp Bank and MetaBank; Members FDIC.

eVisit

Private Placement in 2018
eVisit, Inc. develops a telemedicine patient engagement platform that allows healthcare providers to connect with their patients for checking in post-operation or medical condition diagnosing aspects. The company’s web application connects primary care providers with their patients by webcam or phone for the remote diagnosis and treatment of most minor medical conditions, such as cold, flu, and allergies. The eVisit platform allows providers to collect patient co-pays, electronically prescribe prescriptions to the pharmacy of the patients’ choice, and submit medical charts for reimbursement to third party payers. The company was founded in 2013 and is based in Mesa, Arizona.

SOCi

Series C in 2019
Led by noted digital entrepreneur Afif Khoury, Soci offers big brands, major national franchises, as well as corporate marketing networks, the ability to identify social content succeeding with target audiences, using it to build programmatic content streams across major social platforms. Soci has been nationally recognized and recently named SDX's 2014 Innovator of the Year.

Alianza

Series C in 2015
Alianza is a Cloud Voice Platform that radically transforms communications delivery for broadband providers. It is a web-scale, turnkey virtualized software solution that enables cable, mobile, telco, and other broadband providers to rapidly customize, launch, and profit from VoIP and UC services. The power of Alianza’s cloud delivers a lower total cost of ownership and a clear business case for VoIP with a zero-CAPEX, success-based SaaS model. This new way to deliver voice service untangles service providers from the restraints of old-school voice networks and accelerates innovation and growth. Alianza's customers include Blue Ridge Communications, WEHCO Media, ViaSat, Vyve Broadband, and Xplornet. The company was founded in 2009 and is based in Lindon, Utah.

SOCi

Private Placement in 2019
Led by noted digital entrepreneur Afif Khoury, Soci offers big brands, major national franchises, as well as corporate marketing networks, the ability to identify social content succeeding with target audiences, using it to build programmatic content streams across major social platforms. Soci has been nationally recognized and recently named SDX's 2014 Innovator of the Year.

Health Outcomes Sciences

Series A in 2014
Health Outcomes Sciences is dedicated to providing innovative IT solutions that improve the quality of healthcare delivery. We focus on translating the latest advances in clinical research into decision-support products and services for physicians and their patients, healthcare organizations, and other medical software developers. Their solutions empower users to see complex relationships between clinical variables—such as comorbidities, sociodemographic attributes, biochemical markers, and genomic determinants—and patient outcomes. Better understanding of these relationships allows patient care to be individualized in ways that previously could only be imagined. Their interdisciplinary team of physicians, outcomes researchers, and information technology experts pay special attention to creating user interfaces that are both intuitive and responsive and that readily integrate into the workflow of the researchers who develop risk models and the clinicians who use them.

Apptentive

Series A in 2017
Apptentive, Inc. develops a mobile customer engagement software/customer feedback and analytics platform that helps companies to listen to, engage with, and retain their customers. Its software gives brands a way to identify who to talk to, engage user segments, and mobilize customers to take action through in-app messages, surveys, ratings prompts, notes, and analytics. The company was founded in 2011 and is based in Seattle, Washington.

Alianza

Series B in 2013
Alianza is a Cloud Voice Platform that radically transforms communications delivery for broadband providers. It is a web-scale, turnkey virtualized software solution that enables cable, mobile, telco, and other broadband providers to rapidly customize, launch, and profit from VoIP and UC services. The power of Alianza’s cloud delivers a lower total cost of ownership and a clear business case for VoIP with a zero-CAPEX, success-based SaaS model. This new way to deliver voice service untangles service providers from the restraints of old-school voice networks and accelerates innovation and growth. Alianza's customers include Blue Ridge Communications, WEHCO Media, ViaSat, Vyve Broadband, and Xplornet. The company was founded in 2009 and is based in Lindon, Utah.

Carefx

Series A in 2003
Carefx's main solution "Fusionfx" helps close information gaps between hospital/IDN CIO and CMIO and healthcare IT departments. Fusionfx is able to help "synthesize disparate data into clinically relevant, user-centric workflows." The solution aims to connect the data points and make it comprehensive/understandable fo patients, payers, clinicians, and the compliance agencies who seek such information.

StackIQ

Series B in 2014
StackIQ develops a multi-server management system for clusters and clouds. Its software suite automates the deployment, provisioning, and management of Big Infrastructure. It allows customers to integrate nearly any application with the StackIQ software stack. StackIQ was founded by Greg Bruno, Mason Katz, and Tim McIntire in October 2006.
Environmental Support Solutions, Inc. provides environmental, health, and safety, and crisis management sustainability software for governance, risk, and compliance. Its solutions include corporate responsibility, crisis management, environmental compliance, GHG/carbon management, and health and safety. The company was founded in 1993 and is headquartered in Tempe, Arizona. It has additional offices in Denver, Colorado; Washington, District of Columbia; Beijing, China; and Calgary, Canada. The company has operations in London, England. As of September 17, 2009, Environmental Support Solutions, Inc. operates as a subsidiary of IHS Inc.

Blue Cedar

Private Placement in 2019
Blue Cedar is the leading no-code mobile app security integration platform that saves organizations significant time and money, by eliminating the need for developer resources to secure custom and third-party mobile apps.

FINDMINE

Series A in 2024
FINDMINE specializes in using machine learning to automate manual and tedious tasks in the retail industry. It provides 3-10% total revenue lift and helping brands scale their unique POV. FINDMINE's Complete the Look product shows shoppers how to use each product across e-commerce, email, marketing channels, and in-store. The company was founded in 2014 and is headquartered in New York.

Bacon

Series A in 2022
Bacon connects employers to pre-qualified, available candidates who will work on-demand for as little as one shift. Bacon makes it easy for someone to work a “side gig” when he/she is available. It also makes it easy for a manager to hire on short notice, staff-up for busy seasons, and connect with a pool of highly qualified candidates. Bacon works with any business that employs an hourly workforce. Bring it Home.

Mindset Medical

Series A in 2024
Mindset Medical is a Health Care Company that develops a platform for clinical information. Through their platform physicians will understand patient pain, saves time for providers and patients, they eliminate paper and redundant forms, and allows providers more time for patients. Mindset Medical was founded in 2016 in Phoenix, Arizona.

Carefx

Series B in 2005
Carefx's main solution "Fusionfx" helps close information gaps between hospital/IDN CIO and CMIO and healthcare IT departments. Fusionfx is able to help "synthesize disparate data into clinically relevant, user-centric workflows." The solution aims to connect the data points and make it comprehensive/understandable fo patients, payers, clinicians, and the compliance agencies who seek such information.

MX Logic

Series D in 2004
MX Logic, Inc. provides managed email and Web security services in the United States and internationally. It offers Email Defense Solutions that protect against email-borne threats and help businesses to meet compliance regulations via email storage, retrieval, and surveillance. The company also provides Message Archiving for businesses to monitor, store, and retrieve company email messages to comply with electronic security regulations; and Web Defense Service that blocks Web threats, including spyware, viruses, and phishing attacks. It serves public companies, as well as companies in healthcare, financial services, and law and insurance markets. The company was founded in 2002 and is headquartered in Englewood, Colorado.

Ryver

Series A in 2013
The way we work has changed dramatically over the last 20 years. Email hasn’t. Today, the average worker spends over 25% of their workweek in a bloated inbox trying to force email to do things it was never meant to do: task management, contact management and group collaboration. Ryver collaborative email is the only email built for the way we work today, bringing group collaboration, contact management and task management right into your inbox. The result is less email, fewer meetings and more collaboration. From Pat Sullivan, co-creator of ACT!, and founder of SalesLogix.

CloudApp

Series A in 2022
CloudApp is the all-in-one visual sharing platform that lets you record, host, and share short videos, GIFs, and visuals (images, annotated screenshots) to make team and customer conversations faster and more succinct. Enhancing conversations visually means that messages don't get lost in translation! With CloudApp, team collaboration is a breeze.

IBSN

Series A in 2004
IBSN focuses on enabling the financial services industry to quickly and cost-effectively integrate internal applications.

Medicom Technologies

Series B in 2021
Medicom Technologies, Inc. provides technology solutions to improve patient care. It offers Imagex, a diagnostic image transfer solution that transfers images to healthcare groups, referring physicians, and patients; Endpoint, an image archiving system for surgeons and physicians; and Hex, a patient record exchange network. The company is based in Raleigh, North Carolina.

NetRegulus

Series B in 2005
NetRegulus is a global technology company that provides its users with IoT and AR platforms and enterprise applications. Its enterprise applications serve manufacturers and other businesses that create, connect, operate, analyze, and service products. NetRegulus was founded in 1982 and is based in Oak Brook, Illinois.

REACH

Series A in 2022
REACH reinvents digital customer experience! Its next-generation customer engagement platform allows companies to conduct transactional meetings online in real time with their clients, eliminating the need for a physical encounter. In a fully digital age, companies are still burdened with face to face meetings. REACH changes that by providing an in-browser video based HTML collaboration session that provides an option to conduct a real-time session between a company agent and a customer as well as a customer self-service mode session, covering all transactional needs. The platform empowers companies to wrap up transactions - paperwork or ID verification processes - instantly and remotely, using any device. Its proprietary solution allows companies to increase closing ratios, reduce process time, Increase customer satisfaction & eliminate the need for a physical encounter. REACH is an award-winning startup which won multiple prizes in the Fin-tech domain and was recently selected by Deloitte as "1 of the 6 most notable Israeli Fin-tech companies". The company is growing rapidly with more than 100 paying customers and numerous pilots with global giants such as RBC, Mercedes Benz & Citi, on its path to make the digital age simpler for companies and their clients.

Claravine

Series A in 2020
Claravine enforces accurate, unified, rich tracking of campaigns and content across the enterprise. Their platform standardizes, governs, and connects data across every team, system, and channel. As a result, users will have richer insights, better experiences, and increased ROI from their marketing investments. Claravine released the first second-generation platform for Digital Experience Data Management in 2018. This platform expanded on the core data governance capability of Claravine, helping organizations better standardize, enrich, and connect marketing data across teams and channels.

MX Logic

Series G in 2008
MX Logic, Inc. provides managed email and Web security services in the United States and internationally. It offers Email Defense Solutions that protect against email-borne threats and help businesses to meet compliance regulations via email storage, retrieval, and surveillance. The company also provides Message Archiving for businesses to monitor, store, and retrieve company email messages to comply with electronic security regulations; and Web Defense Service that blocks Web threats, including spyware, viruses, and phishing attacks. It serves public companies, as well as companies in healthcare, financial services, and law and insurance markets. The company was founded in 2002 and is headquartered in Englewood, Colorado.

Folloze

Series B in 2019
Folloze is a provider of an innovative Account-Based Management (ABM) Sales Platform, which enables B2B sales teams to use marketing techniques to engage, develop, and win their top target accounts. Built for scale, the platform allows marketing to empower sales to deliver account-specific content campaigns, content automation, actionable account analytics, and more, all from within their familiar sales tools. These capabilities enable salespeople to act as consultants through the selling process, delivering significantly more value to customers and drastically increasing their sales pipelines. Folloze is headquartered in Palo Alto, California with a development center in Tel Aviv, Israel. It was founded by a group of marketing, sales, and technology veterans and is backed by world-class investors. The company has dozens of customers including fortune 500 companies.

Blue Cedar

Series A in 2016
Blue Cedar is the leading no-code mobile app security integration platform that saves organizations significant time and money, by eliminating the need for developer resources to secure custom and third-party mobile apps.

SOCi

Series B in 2018
Led by noted digital entrepreneur Afif Khoury, Soci offers big brands, major national franchises, as well as corporate marketing networks, the ability to identify social content succeeding with target audiences, using it to build programmatic content streams across major social platforms. Soci has been nationally recognized and recently named SDX's 2014 Innovator of the Year.

SOCi

Private Placement in 2018
Led by noted digital entrepreneur Afif Khoury, Soci offers big brands, major national franchises, as well as corporate marketing networks, the ability to identify social content succeeding with target audiences, using it to build programmatic content streams across major social platforms. Soci has been nationally recognized and recently named SDX's 2014 Innovator of the Year.

Claravine

Private Placement in 2020
Claravine enforces accurate, unified, rich tracking of campaigns and content across the enterprise. Their platform standardizes, governs, and connects data across every team, system, and channel. As a result, users will have richer insights, better experiences, and increased ROI from their marketing investments. Claravine released the first second-generation platform for Digital Experience Data Management in 2018. This platform expanded on the core data governance capability of Claravine, helping organizations better standardize, enrich, and connect marketing data across teams and channels.

SOCi

Series A in 2017
Led by noted digital entrepreneur Afif Khoury, Soci offers big brands, major national franchises, as well as corporate marketing networks, the ability to identify social content succeeding with target audiences, using it to build programmatic content streams across major social platforms. Soci has been nationally recognized and recently named SDX's 2014 Innovator of the Year.

Innovasic, Inc.

Series C in 2007
Innovasic Semiconductor, Inc. designs and develops integrated circuits. It offers extended-life processors, industrial Ethernet modules, reference designs, peripherals, and mixed-signal devices for embedded communication and control applications. The company also provides module evaluation kits, embedded control modules, real-time Ethernet modules, and development kits. It serves industrial, automotive, medical, and defense industries. The company provides its products through distributors in Hawthorne, California; Mainaschaff, Germany; Pointe Claire, Canada; and Phoenix, Arizona. Innovasic Semiconductor, Inc. was founded in 1991 and is headquartered in Albuquerque, New Mexico.

Carefx

Series B in 2005
Carefx's main solution "Fusionfx" helps close information gaps between hospital/IDN CIO and CMIO and healthcare IT departments. Fusionfx is able to help "synthesize disparate data into clinically relevant, user-centric workflows." The solution aims to connect the data points and make it comprehensive/understandable fo patients, payers, clinicians, and the compliance agencies who seek such information.

MX Logic

Series E in 2006
MX Logic, Inc. provides managed email and Web security services in the United States and internationally. It offers Email Defense Solutions that protect against email-borne threats and help businesses to meet compliance regulations via email storage, retrieval, and surveillance. The company also provides Message Archiving for businesses to monitor, store, and retrieve company email messages to comply with electronic security regulations; and Web Defense Service that blocks Web threats, including spyware, viruses, and phishing attacks. It serves public companies, as well as companies in healthcare, financial services, and law and insurance markets. The company was founded in 2002 and is headquartered in Englewood, Colorado.

SyncHR

Series A in 2017
SyncHR is HCM, redefined and simplified. SyncHR is the Human Capital Management (HCM) cloud-based technology leader streamlining Core HR, benefits, payroll and reporting in a single, enterprise-class application for mid-sized companies. Founded in 2010, the SyncHR team of industry veterans and visionaries has developed patented technology that saves time, increases productivity, and delivers a superior economic value by simplifying the complexity of HCM through one robust application. The company’s dedicated services and customer care teams deliver industry-leading implementation times, and the intuitive interface creates an enhanced user experience for employees and administrators. SyncHR has created a new reality in HCM by making centralized, interrelated data easy to access, correct, control, and analyze - anytime. Get started today, because no one should have to choose between affordability and premium functionality. www.syncHR.com

Totango

Private Placement in 2017
Totango, Inc. develops an enterprise grade customer success platform that allows users to connect their customers’ data, monitor health changes, and engage their customers. The company offers Customer Success Centre, a solution for customer engagement; Zoe, a solution for enterprise impact; and DNA-CX, a solution for multidimensional customer context in real-time. Its solutions include voice of the customer, customer onboarding, customer adoption, customer renewal, and customer escalation. The company was founded in 2010 and is based in Redwood City, California. Totango, Inc. operates as a subsidiary of Totango Ltd.

MX Logic

Series G in 2007
MX Logic, Inc. provides managed email and Web security services in the United States and internationally. It offers Email Defense Solutions that protect against email-borne threats and help businesses to meet compliance regulations via email storage, retrieval, and surveillance. The company also provides Message Archiving for businesses to monitor, store, and retrieve company email messages to comply with electronic security regulations; and Web Defense Service that blocks Web threats, including spyware, viruses, and phishing attacks. It serves public companies, as well as companies in healthcare, financial services, and law and insurance markets. The company was founded in 2002 and is headquartered in Englewood, Colorado.

Blue Cedar

Series B in 2019
Blue Cedar is the leading no-code mobile app security integration platform that saves organizations significant time and money, by eliminating the need for developer resources to secure custom and third-party mobile apps.