Lago Innovation Fund

Lago Innovation Fund, established in 2019 and based in Chicago, Illinois, is a growth and expansion investment firm. It specializes in a diverse range of sectors, including anything-as-a-service (XaaS), mobility, gaming, e-sports, health, wellness, food and beverage, and e-commerce. As a Registered Investment Adviser, Lago Innovation Fund focuses on identifying and supporting innovative companies within these industries, aiming to foster growth and development through strategic investments.

Heather La Freniere

Co-Founder, COO and Managing Partner

Scott Moen

Managing Director and Partner

Chris Roy

Managing Director

20 past transactions

Everywhere Communications

Debt Financing in 2025
Everywhere Communications Inc. specializes in dual-mode satellite and cellular communication devices designed for safety, security, and productivity in mission-critical environments. Founded in 2016 and based in Annapolis, Maryland, the company produces devices such as the EC-100 and AC-200, which provide Global SOS capabilities, secure personnel and team tracking, and communication services. These products enable enterprise and government organizations to monitor and track their remote assets effectively, ensuring connectivity even in areas where cellular coverage is unavailable. Through its patented technology, Everywhere Communications enhances the safety and productivity of its customers by delivering reliable communication solutions tailored to their needs.

Fortem Technologies

Venture Round in 2024
Fortem Technologies, Inc. specializes in developing and manufacturing AI-enabled solutions for airspace security and safety, focusing on intrusion detection and detect-and-avoid systems for drones and unmanned aircraft vehicles (UAVs). The company offers a range of products, including advanced radars designed for aircraft integration, the ThreatAware AI analysis engine for real-time data assessment, and the DroneHunter, which provides perimeter intrusion detection and protection. Fortem’s technologies support organizations in safely transitioning their unmanned operations beyond visual line of sight, enhancing situational awareness and enabling comprehensive airspace management. Founded in 2016 and headquartered in Provo, Utah, Fortem Technologies is backed by various investors and aims to provide innovative solutions that meet industry and regulatory standards.

happy head

Debt Financing in 2024
Happy Head is a telemedicine brand that focuses on providing customized hair medicine and treatments designed to prevent and reverse hair loss in both women and men. The company offers a core product, a prescription-grade topical solution, which is personalized based on individual factors such as age, sex, and medical history. These custom-formulated solutions are easy to apply to the scalp and are shipped discreetly to customers' homes, allowing them to manage their hair loss effectively in a convenient manner.

ExoTerra

Venture Round in 2024
ExoTerra Resource, LLC, founded in 2011 and based in Littleton, Colorado, specializes in designing and developing power and propulsion components, subsystems, and integrated buses for CubeSats and small satellites. The company offers a range of products, including propulsion systems such as the Halo Micro Hall Effect Thruster and Pulsed Plasma Thrusters, as well as power solutions like Deployable Solar Arrays and Power Processing Units. Additionally, ExoTerra provides spacecraft modules that integrate these technologies, such as the Propulsion Module and SEP Module. With a team of 16 engineers skilled in various fields, the company also offers mechanical and electrical engineering services, system design, and consulting, all aimed at reducing the cost of space exploration while enhancing the performance of small spacecraft.

Home Alliance

Seed Round in 2024
Home Alliance is a trusted place for home services with scalable supply/demand acquisition and data driven operations. As an on-demand resource for homeowners, Home Alliance provides guarantees for all repair services. With Home Alliance, customers can book an appointment with a professional technician both virtually or at-home. With the easy $99 per year membership plan, Home Alliance customers are protected all year round with priority booking, waived service call fees and special discounts to the most popular requests. Our mission is to make up a community of expert contractors and homeowners that understand the value of good service and expert craftsmanship. Welcome to the future of the working home. Customers focused. Technicians powered.

Fernway

Convertible Note in 2024
Fernway LLC, established in 2018 and based in Northampton, Massachusetts, specializes in manufacturing and selling cannabis vaporizers. The company focuses on producing high-quality cartridges filled with cannabis oil and natural terpenes, partnering with expert cultivators to source premium ingredients. These cartridges are designed to offer a variety of flavors, allowing consumers to enjoy cannabis in a convenient and enjoyable manner. Fernway's products are available for purchase at dispensaries, catering to a market that values quality and user experience in cannabis consumption. The founders of Fernway are David Van Vlierbergen, Liam O'Brien, and Christopher (Kit) Gallan.

Attend

Seed Round in 2023
Season Share is a developer of a season ticketing platform designed to enhance the fan experience for live sporting events. Recognizing that 70% of season ticket holders in the U.S. share their tickets, the company offers a unique mobile app that allows fans to buy, group, split, and share season tickets efficiently. Founded by three sports enthusiasts with extensive backgrounds in technology, entertainment, and ticketing, Season Share aims to modernize the stagnant ticketing industry. Its platform not only supports subscription and last-minute ticketing but also caters to student and credit-based programs. By providing innovative features that attract younger fans and optimize ticket inventory management, Season Share seeks to increase revenue for teams and leagues while making ticket sharing more accessible and user-friendly.

Safely

Venture Round in 2023
Safely is a company that specializes in providing commercial insurance and guest screening solutions tailored for the vacation rental market. Established in 2013 and headquartered in Atlanta, Georgia, the company aims to enhance trust and safety within the sharing economy. Safely's services include instant reservations supported by a comprehensive system of safeguards, such as identity verification, criminal background checks, insurance coverage, and secure payment processing. These offerings are designed to instill confidence for both guests and vacation homeowners, ensuring a secure and reliable experience for all parties involved in each reservation.

AMOpportunities

Series A in 2023
AMOpportunities, Inc. is a company based in Chicago, Illinois, that specializes in providing short-term training programs for international medical students and graduates. Founded in 2013, it connects these individuals with U.S. physicians and medical institutions to facilitate clinical rotations across more than 200 clinical sites in over 70 medical specialties and subspecialties. The platform not only offers opportunities for clinical experiences but also provides essential support services, including visa and housing assistance. By enabling international medical trainees to engage with U.S. healthcare professionals, AMOpportunities enhances their educational journey and practical knowledge in the medical field.

Clara

Series B in 2023
Clara is a spending management platform focused on serving companies in Latin America. It offers an end-to-end solution that includes locally-issued corporate cards, bill payment services, financing options, and a software platform that streamlines corporate expense management. The platform is designed to simplify and automate financial processes, allowing businesses to gain real-time insights into spending and manage budgets more effectively. Clara is backed by a diverse group of global and regional investors, aiming to empower companies with greater financial agility and clarity. By enhancing the way company finances are managed, Clara contributes to increasing the economic competitiveness of the region.

Aura Frames

Series B in 2022
Aura Frames is a company specializing in smart digital picture frames that allow users to display and share photographs of family and friends. Founded in 2012 and based in New York, the company offers a user-friendly app that enables instant photo sharing to its Wi-Fi-enabled frames, effectively bridging distances between loved ones. Aura Frames aims to enhance the experience of memory sharing by transforming how people interact with their photos, moving them off phones and into their daily lives. The company's innovative approach combines technology and design to create a platform that fosters connections through visual storytelling.

Safely

Venture Round in 2022
Safely is a company that specializes in providing commercial insurance and guest screening solutions tailored for the vacation rental market. Established in 2013 and headquartered in Atlanta, Georgia, the company aims to enhance trust and safety within the sharing economy. Safely's services include instant reservations supported by a comprehensive system of safeguards, such as identity verification, criminal background checks, insurance coverage, and secure payment processing. These offerings are designed to instill confidence for both guests and vacation homeowners, ensuring a secure and reliable experience for all parties involved in each reservation.

GrowerIQ

Seed Round in 2022
GrowerIQ is a cannabis management software platform that offers an integrated seed-to-sale tracking system designed specifically for cannabis producers. By focusing on the needs of Master Growers, it provides an intuitive solution that aligns with real-world best practices. The platform enables users to optimize yield and forecast real-time inventory, helping them operate more efficiently. GrowerIQ facilitates entirely digital operations, significantly reducing compliance risks and streamlining processes, such as generating comprehensive regulatory compliance reports with ease. As a result, licensed producers across Canada and globally rely on GrowerIQ as their essential business backbone, benefiting from data-driven insights and realistic execution plans.

TIKI

Convertible Note in 2022
Zero-party data monetization. License, manage, and add ZPD to any stack —unlock value in your user-base. Join hundreds of developers creating data programs users love. Use TIKI's infrastructure to license data from YOUR users to increase opt-ins, maintain compliance, create revenue streams, train algorithms, and more. Programatic, enforceable, and scalable —user data stays in YOUR system. Use TIKI's SDKs to capture consent, and create licenses at your application layer Use TIKI's APIs to manage and enforce data rights, regardless of backend. Backed by immutable, digitally signed (by you and your user), data contracts.

8base

Series A in 2022
8base, Inc. is a technology company based in Coral Gables, Florida, specializing in an acceleration platform that enables developers to create and deploy enterprise-class web and mobile applications. Founded in 2017, 8base offers a range of tools and services, including an app builder, data management solutions, and a serverless backend. The platform utilizes no-code and low-code technologies, allowing companies and developers to streamline software development and enhance productivity. Additionally, 8base incorporates blockchain technology to foster a network effect that accelerates the time to market for new applications. The company is also pioneering generative AI-based solutions, such as Archie, an AI Product Architect, to further enhance software design and development processes for various organizations, including digital agencies and innovation centers.

Willow Industries

Series A in 2022
Willow Industries, LLC is a Denver-based company specializing in technology for the decontamination of cannabis and hemp. Founded in 2016, the company provides innovative solutions to reduce harmful contaminants such as yeast, mold, bacteria, and various pathogens, including Aspergillus and Salmonella. Its flagship product, the WillowPure machine, employs ozone-based oxidation to effectively cleanse and purify cannabis flower and trim without compromising their medicinal properties, aroma, or potency. In addition to its decontamination technology, Willow Industries offers consulting services related to post-harvest procedures, compliance, regulations, and evaluations of dry and cure rooms, ensuring that businesses adhere to industry standards while maintaining product quality.

WIN Reality

Debt Financing in 2021
WIN Reality is dedicated to enhancing the mental performance of athletes through its innovative virtual reality-based training tool. This technology is utilized by professional, collegiate, and high school sports organizations globally to evaluate and develop athletes. The platform focuses on helping players refine their hitting approach, improve pitch recognition, and enhance swing decision-making skills. By quantifying performance potential, WIN Reality enables users to translate their training improvements into competitive success, ultimately preparing them for real-game situations.

SynergySuite

Funding Round in 2021
SynergySuite Limited is a developer of cloud-based restaurant management software designed to streamline operations for restaurants and hospitality businesses. Founded in 2011 and headquartered in Dublin, Ireland, with additional offices in Lehi, Utah, and the United Kingdom, SynergySuite provides a modular solution that covers essential business areas, including inventory management, procurement, recipe costing, food safety, scheduling, cash management, human resources, and business intelligence. The software aims to enhance efficiency and profitability, with clients reportedly achieving an increase of 4% to 6% in their bottom line per location. SynergySuite serves a diverse range of clients, including quick service and fast casual restaurants, table service establishments, bars, and hotels, and has collaborated with notable brands such as KFC and BrewDog.

Quicksave

Seed Round in 2021
Quicksave Interactive is a chat game platform based in Helsinki, Southern Finland, that focuses on creating engaging gaming-based chatting applications. Founded in 2017, the company aims to enhance the interactivity of social messaging apps by integrating multiple games into these platforms. Quicksave develops proprietary game development tools that utilize HTML5 and typescript technology, enabling the creation of high-quality games with improved iteration speed. The company also explores web3 and blockchain technologies to further enrich the gaming experience for users within social applications, fostering a more interactive environment for gamers.

Liuyi Jiaoyu

Series B in 2019
Liuyi Jiaoyu is an online children's quality education company.
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