Nautilus Ventures is a seed stage venture capital firm founded in 2008 by Christopher Michel and based in Palo Alto, California. The firm focuses on making minority investments across various stages, primarily targeting software companies. Nautilus Ventures has built a diverse portfolio that includes notable companies such as Palantir, GoodReads, and 3D Robotics, among others. In addition to his role at Nautilus Ventures, Michel holds directorship positions in several organizations, including International Data Group and Dale Carnegie. The firm aims to support innovative startups and emerging technologies in their growth journey.
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Backbone Software
Seed Round in 2022
Backbone Software, Inc. is a technology company based in Palo Alto, California, that specializes in designing and developing supply chain management software tailored for the cannabis and hemp industries. Founded in 2017, the company provides a comprehensive platform that enables cannabis businesses to efficiently manage all supply chain aspects, including cultivation, manufacturing, inventory, packaging, shipping, pricing, billing, purchasing, and logistics. Backbone Software emphasizes transparency and compliance, allowing companies to track the journey of products from harvest to finished goods while maintaining a clear chain of custody. The platform is designed to facilitate real-time collaboration among team members, streamlining data sharing and improving operational efficiency. With a team of experts experienced in technology and the cannabis sector, Backbone Software aims to enhance production processes and support companies in meeting regulatory requirements.
Madison Reed
Series C in 2016
Madison Reed, Inc. is a beauty company based in San Francisco, California, that specializes in manufacturing hair care products, including permanent hair colors, root touch-up products, and color reviving glosses. The company employs a proprietary ammonia-free formula and uses technology to provide salon-quality hair color at home for an affordable price. Madison Reed also offers a range of hair care accessories and tools, such as color bowls, brushes, and professional color kits. In addition to its extensive online product offerings, the company operates hair color salons in California and provides franchising opportunities. Founded in 2013, Madison Reed is committed to creating hair coloring formulations that are free from harsh ingredients like ammonia and parabens, incorporating beneficial nutrients such as keratin and argan oil to cater to individual customer needs.
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