Obsidian Investment Partners

Obsidian Investment Partners is a growth equity firm based in New York, founded in 2019. The firm specializes in making non-control investments during the initial equity rounds of bootstrapped companies, focusing on multi-stage growth opportunities. By targeting promising businesses at pivotal stages of their development, Obsidian aims to support their expansion while maintaining a non-controlling interest in their operations.

Alison Bush Delgado

Founding Partner

MIchael Lythcott

Founding Partner

9 past transactions

Span

Series B in 2022
Span.IO is a company focused on advancing the adoption of renewable energy through innovative technology solutions for residential energy management. The firm develops a smart electrical panel that replaces traditional panels, allowing homeowners to monitor and control their energy usage seamlessly via a dedicated application. This device not only facilitates the efficient use of renewable electricity but also supports electric vehicle charging, enhancing the overall consumer experience. Span.IO's team comprises engineers with expertise in power generation, energy conversion, controls, and system integration, who are committed to creating products that positively impact the environment while providing users with greater visibility and control over their energy consumption.

Revel

Series B in 2022
Revel is a company dedicated to accelerating electric vehicle (EV) adoption in urban areas through its all-electric rideshare service and network of fast-charging stations. The company operates a fleet of easily recognizable blue electric vehicles, providing a cleaner, safer, and more affordable rideshare experience. Revel places a strong emphasis on safety and cleanliness, utilizing vetted drivers and regularly detailed cars to ensure high service standards. Additionally, Revel offers electric mopeds that can be booked through a mobile application, allowing users to locate the nearest moped and start their ride conveniently. This combination of rideshare services and charging infrastructure positions Revel as a key player in promoting sustainable transportation solutions.

WeLink

Series B in 2022
WeLink Inc., established in 2012 and based in San Jose, California, specializes in digital risk management for enterprises. Its core business involves operating a platform designed to detect and prevent threats arising from social data produced online. The company's offerings enable organizations to gather actionable threat intelligence from vast amounts of social media posts, thereby enhancing their security posture.

OpConnect

Convertible Note in 2021
OpConnect, LLC is a technology company based in Portland, Oregon, focused on developing and supporting electric vehicle (EV) charging systems. Founded in 2005, the company offers a comprehensive electric vehicle charging solution that includes charging stations, a wireless communications network, and a cloud-based software platform. This platform facilitates payment processing, energy management, reservation systems, and maintenance tracking for charging stations. OpConnect not only sells and operates EV charging stations under contracts with station owners but also licenses its software to fueling solution providers globally, enabling them to establish their own charging networks. By providing turnkey EV fueling solutions, OpConnect aims to reduce greenhouse gas emissions through the electrification of transportation, while also enhancing the efficiency and profitability of charging station operations.

Getaround

Convertible Note in 2021
Getaround, Inc. is an online marketplace specializing in peer-to-peer car sharing and local car rentals. Founded in 2009 and based in San Francisco, California, Getaround allows users to rent vehicles on-demand, ranging from economy cars to luxury models, by the hour or day. The platform facilitates a seamless experience through its patented Getaround Connect technology, which enables users to access cars without needing to meet the vehicle owner or handle physical keys. This innovative approach eliminates the traditional hassles of car rental, such as long lines and paperwork. Getaround operates in several major U.S. cities, including San Francisco, San Diego, Chicago, and Washington, D.C., providing a convenient and eco-friendly alternative to car ownership while allowing vehicle owners to earn extra income. The service also includes comprehensive insurance and 24/7 roadside assistance, ensuring a safe and enjoyable experience for users.

HEVO

Venture Round in 2021
HEVO Inc., founded in 2011 and based in New York, specializes in wireless charging solutions tailored for plug-in hybrid and electric vehicle markets. The company's offerings include the HEVO Power Station, a hardware device designed for various locations such as city streets, parking lots, and highways, and the HEVO Mobile software platform, which facilitates bill-pay wirelessly through onboard consoles or mobile devices. Additionally, HEVO provides Green Parking and Green Loading Zones for electric vehicle fleets. Their technology is interoperable between vehicles and suitable for commercial fleets, shared autonomous vehicles, city infrastructure, and destination charging. HEVO's solutions are designed to offer a seamless, safe, and efficient user experience equivalent to plug-in charging efficiencies. The company serves leading global brands in the energy, automotive, and charging industries, contributing to the broader electric mobility revolution.

Core Scientific

Convertible Note in 2021
Core Scientific, Inc. is a technology company specializing in blockchain and artificial intelligence services, including hosting, transaction processing, and application development. Established in 2017 and headquartered in Bellevue, Washington, the company was previously known as MineCo Holdings, Inc. until its rebranding in June 2018. Core Scientific provides extensive blockchain infrastructure and offers digital asset self-mining and premium hosting services for clients. Its operations are divided into two main segments: Equipment Sales and Hosting, which encompass blockchain infrastructure and third-party hosting, and a Mining segment focused on digital asset mining. The company generates revenue through consumption-based contracts and by leveraging its own computer equipment for mining activities. Core Scientific is recognized for its in-house management and monitoring solutions that integrate hosting with data analytics, ensuring efficient operation and oversight.

Vanderhall Motor Works

Convertible Note in 2021
Vanderhall Motor Works, Inc. is a manufacturer of three-wheeled vehicles, specifically focusing on classic autocycles. Founded in 2010 and based in Provo, Utah, the company sells its products through a network of dealers across the United States, as well as offering vehicle accessories online. Vanderhall is dedicated to producing innovative and stylish autocycles, catering to a niche market within the motor vehicle industry.

Sceye

Series A in 2021
Sceye is a material science company based in Moriarty, New Mexico, focused on developing advanced high-altitude platform stations. The company specializes in manufacturing airship infrastructure that operates in the stratosphere, capable of remaining airborne for extended periods, including year-long missions. Sceye's airships are equipped with various technologies, including cameras, sensors, hyper-spectral imaging, radar, and communications systems. This innovative platform enables businesses, government entities, and academic institutions to conduct persistent imaging and data collection, thus expanding access to previously uncharted areas of the stratosphere for research and operational purposes.
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