Service Provider Capital

Service Provider Capital is a venture capital firm founded in 2014 and based in Golden, Colorado. The firm focuses on co-investing in series A deals led by institutional venture funds, primarily targeting seed-stage companies across various sectors, including artificial intelligence, machine learning, blockchain, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, and healthcare. In addition to its general investment strategy, Service Provider Capital manages the Midwest Fund I and Fund II, which concentrate on software and healthcare technology systems in the Midwest region of the United States. The firm typically prefers to take minority stakes in its investments and engages in syndication to diversify its portfolio.

Patrick Cerone

Managing Director

Edward B. Hill

Managing Director

Ned Hill

Managing Director

Lori Pickle

Managing Director

Jody Shepherd

Co-Founder and Managing Director

Past deals in Cental and Eastern Europe

Qoins

Seed Round in 2021
Qoins Technologies, Inc. develops application software which reduces the debt by paying the debt automatically. The application withdraws spare change throughout the month in $5.00+ increments. Qoins Technologies, Inc. was founded in 2017 and is headquartered in Atlanta, Georgia.

Transitiv

Seed Round in 2019
Transitiv, Inc. operates a multi-channel marketing platform that centralizes customer information for businesses. Founded in 2017 and based in Atlanta, Georgia, the company specializes in data management, enabling the unification and analysis of customer data. Its platform offers personalized advertising messaging and delivery, along with analytics and attribution capabilities that assess the value and actions of customers. Transitiv employs thematic measurement technology to monitor key metrics such as click-through rates, consumer demand trends, and website traffic. This data-driven approach allows digital marketers to generate insightful reports on the effectiveness of their campaigns, helping them understand consumer preferences, improve return on investment, and adjust their marketing strategies accordingly.

PadSplit

Seed Round in 2019
PadSplit, Inc. is an affordable housing technology company based in Atlanta, Georgia, founded in 2017. It operates a digital marketplace that enables property owners to convert single-family homes into multi-unit residences by renting out individual rooms with shared common spaces and bathrooms. The platform facilitates affordable housing for low-income individuals, providing a house-sharing service that promotes financial stability and savings among residents. By aligning the interests of residents, property owners, and communities, PadSplit aims to make affordable housing accessible within the private market, thereby empowering individuals to improve their living conditions and transform their lives.

STORD

Series A in 2019
STORD, Inc. is a technology-driven company that provides a cloud-based software platform for warehousing and distribution services. Founded in 2015 and based in Atlanta, Georgia, STORD enables clients to manage their product flow across a network of over 500 warehouses and 15,000 carriers through a single dashboard. This platform enhances visibility and control over inventory, allowing shippers to optimize their supply chains efficiently. By leveraging data science and a comprehensive logistics network, STORD delivers significant cost savings to major retailers, consumer packaged goods companies, and manufacturers, while improving customer satisfaction. The company’s mission is to facilitate scalable, technology-driven supply chains that can be implemented more quickly and affordably than traditional methods.

Sideqik

Series A in 2019
Sideqik, Inc. is a company that specializes in developing a business intelligence platform specifically designed for influencer marketing. Founded in 2011 and based in Atlanta, Georgia, Sideqik's platform assists brands in connecting with consumers by identifying suitable influencers and evaluating the return on investment (ROI) associated with their marketing efforts. As the first enterprise solution in this field, Sideqik aims to facilitate effective partnerships between brands and influencers, ultimately enhancing brand visibility and consumer engagement.

SmartPath

Series A in 2019
SmartPath, LLC is dedicated to enhancing financial wellness for individuals and families through a comprehensive range of educational programs and tools. Founded in 2010 and based in Dunwoody, Georgia, the company offers webinars, live seminars, and recorded lessons that cover a wide array of personal finance topics. These include financial strategy, wealth building, budgeting, saving, and investing, as well as specific areas like homeownership, student loans, credit management, and retirement planning. SmartPath aims to provide accessible, objective, and trustworthy financial advice, particularly in light of economic disparities and challenges faced by many individuals. By combining empathetic coaching with targeted education and user-friendly digital tools, SmartPath seeks to empower people to achieve financial stability and success.

ThingTech

Series A in 2019
ThingTech provides owners of fleets, high value equipment and assets on-demand access to where, when and how these assets are behaving as well real-time alerts so that they can make informed business decisions. Its award-winning ThingX platform enables a range of equipment, asset, fleet and field service management solutions that help organizations increase operational efficiency and reduce costs thereby increasing profitability.

MaxRewards

Pre Seed Round in 2019
MaxRewards, Inc. is a technology company based in Atlanta, Georgia, founded in 2016. It provides an application designed to help users manage their credit card accounts effectively and maximize their rewards. The MaxRewards app allows individuals to track rewards, monitor credit scores, and review all their credit cards in one centralized platform. Users can search, sort, and save deals across connected cards, ensuring they always know the best card to use for each purchase. Additionally, the application offers personalized, real-time recommendations to enhance rewards and savings on transactions, making it a comprehensive tool for credit card management.

VeriSolutions

Series A in 2018
VeriSolutions, LLC is an early-stage Internet of Things (IoT) technology company based in Atlanta, Georgia, founded in 2015. It specializes in providing an intelligent network of sensors, firmware, and software tailored for the restaurant industry. The company's offerings include VeriSense, a temperature and humidity monitoring sensor that alerts operators to potential issues, and VeriConnect, a device that creates a centralized data hub for restaurants and vehicles. Additionally, VeriTrack functions as an indoor location sensor, enabling asset tracking and staff analytics. Through its integrated platform, VeriSolutions aims to enhance operational oversight, prevent inventory loss, optimize staff efficiency, and ensure food safety by monitoring refrigeration devices.

LiveSource

Venture Round in 2018
LiveSource’s cloud-based supplier collaboration suite specializes in strategic sourcing and supplier performance management, as well as the facilitation of all supplier interactions up and down the supply chain. LiveSource focuses on global manufacturers in highly regulated and complex manufacturing industries and a majority of its revenue is derived from the automotive and aerospace industries.

MoQuality

Seed Round in 2018
MoQuality Inc., founded in 2014 and headquartered in Atlanta, Georgia, specializes in artificial intelligence-driven mobile testing solutions. The company aims to enhance app quality and improve user experiences by providing tools that simplify and accelerate the testing process. MoQuality's flagship product, Barista, offers a scriptless test-automation experience, leveraging AI to generate user-centric test scenarios that automate testing across various mobile platforms and real devices. This platform allows developers to identify and address issues before releasing their applications, ensuring high-quality performance for both Android and iOS apps. MoQuality is supported by investors including Amity Ventures, Cox Enterprises, and Techstars.

Kobiton

Seed Round in 2018
Kobiton, Inc. is a company that specializes in mobile application testing, providing a platform that enhances the delivery and testing of mobile apps. Founded in 2016 and headquartered in Atlanta, Georgia, with additional offices in San Francisco and Ho Chi Minh City, Kobiton offers both manual and automated testing solutions on real iOS and Android devices, accessible via the cloud or on-premise. The platform enables developers to run scripts and identify issues in real-time, ensuring that applications function correctly across various devices. Key features include an artificial intelligence-enabled scriptless testing environment, detailed automation reports, and automatically generated activity logs. By improving mobile app quality and accelerating time-to-market, Kobiton helps businesses reduce user application abandonment and enhance overall user experience.

KyckGlobal

Series A in 2018
KyckGlobal is a cloud-based outbound payments platform that reduces cost and complication for companies paying individuals outside the standard parameters of payroll and supplier channels. Through KyckGlobal, it is easier for companies to pay and easier for recipients to accept payment in the format they prefer.

SaaSOptics

Series A in 2018
SaaSOptics, LLC is a cloud-based subscription management solution provider for B2B software-as-a-service and subscription-based businesses. Established in 2009 and based in Peachtree Corners, Georgia, the company offers a comprehensive platform that facilitates subscription invoicing, payment processing, revenue recognition, and financial reporting. SaaSOptics enables clients to efficiently manage their financial operations and generate critical insights and analytics throughout various growth stages, eliminating the reliance on spreadsheets. The solution serves a diverse clientele across the United States, Canada, and Europe, catering to both early-stage and enterprise-level subscription businesses.

Demand Driven Technologies

Seed Round in 2018
Demand Driven Technologies, Inc. specializes in developing software solutions for materials, inventory, and production scheduling aimed at manufacturers and wholesale distributors worldwide. The company offers a range of tools, including DDMRP, a supply chain planning tool that enhances inventory alignment with market demand. Its Replenishment+ software improves materials planning by transitioning from forecast-driven to sales order-driven approaches, thus optimizing inventory and enhancing service levels. The company also provides Replenishment+ NetSuite for NetSuite users and Replenishment+ APM, which offers insights into buffer activity and its impacts on materials management. Additionally, DBR+ aligns materials and production resources with actual market demand. Founded in 2011, Demand Driven Technologies is headquartered in Atlanta, Georgia, with an additional office in Mérignac, France.

DoubleNet Pay

Seed Round in 2017
DoubleNet Pay, Inc. develops an application that automates emergency savings and cash flow management for employees. It offers DoubleNet, a financial wellness application that tracks employees' bill amounts and due dates, and schedules payments around their paycheck cycles. The company was founded in 2013 and is based in Atlanta, Georgia. As of September 28, 2018, DoubleNet Pay, Inc. operates as a subsidiary of Purchasing Power, LLC.

Car360

Series A in 2017
Car360, based in Atlanta, is a technology company that leverages computer vision and augmented reality to transform the automotive industry. Its cloud-based mobile application enables the creation of interactive 360-degree visualizations of vehicles, enhancing the way cars are marketed and inspected. By streamlining the online buying process and improving operational efficiency, Car360 assists businesses that rely on traditional images or videos for vehicle merchandising and inspection. The platform not only facilitates a more engaging customer experience but also helps reduce operational costs. Founded after an appearance on Shark Tank in 2013, Car360 gained significant investment from Mark Cuban and later received funding from BIP Capital in 2017.

Codoxo

Seed Round in 2017
Codoxo, also known as FraudScope, is a technology company that focuses on combating healthcare fraud, waste, and abuse through its artificial intelligence-based platform. Founded in 2016 and headquartered in Atlanta, Georgia, the company aims to enhance the allocation of healthcare funds by reducing fraudulent medical billing practices, which contribute to an estimated $272 billion in losses annually in the United States. Codoxo’s software platform employs advanced data analytics to detect, score, and rank suspicious claims, significantly improving upon traditional detection methods that often overlook fraud. The company's innovative Claims Intelligence technology, developed by researchers at the Georgia Institute of Technology, is capable of identifying evolving fraud schemes in real-time without relying on pre-existing fraud patterns. By utilizing data from the Centers for Medicare and Medicaid Services, Codoxo can proactively flag high-risk claims, thereby facilitating earlier interventions and ensuring healthcare resources are directed towards legitimate patient care.

Greenlight

Seed Round in 2017
Greenlight Financial Technology, Inc. is a financial services company that provides debit card solutions specifically designed for children, enabling parents to cultivate financial literacy in their kids. Founded in 2014 and headquartered in Atlanta, Georgia, Greenlight offers a mobile application that allows parents to manage their children's spending by selecting specific stores where the Greenlight debit card can be used. The platform features patent-pending technology that empowers parents to monitor spending habits, freeze cards if lost, receive instant alerts, and automate allowances. This approach not only promotes responsible spending but also facilitates teachable moments around earning, saving, and giving.
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