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 North Carolina

Ekos

Series A in 2019
Ekos is a business management system designed for craft producers to easily manage their inventory, production, sales, and accounting in one place. Currently offering solutions for brewers, cider makers, winemakers, food makers, and beverage producers.

Klearly

Seed Round in 2019
Klearly Analytics, Inc. is a developer of a SaaS-based prescriptive intelligence platform tailored for B2B companies. Founded in 2017 and based in Durham, North Carolina, Klearly provides a solution that leverages data science and machine learning to enable sales and marketing teams to better understand their impact on revenue. The platform offers actionable insights by analyzing consumer behavior, tracking product sales, and assessing the effectiveness of marketing campaigns. It empowers teams to prioritize accounts, focus on strategic activities, and anticipate business outcomes, thereby enhancing their ability to innovate marketing strategies and increase return on investment. Klearly is designed to replace traditional metrics with predictive capabilities, positioning itself as a vital tool for revenue-oriented marketing efforts.

2ULaundry

Series A in 2019
2ULaundry, Inc. is a garment care service provider based in Charlotte, North Carolina, established in 2015. The company specializes in a range of services, including wash and fold, dry cleaning, laundering and pressing, as well as specialized offerings such as leather cleaning, shoe shining, shoe repair, alterations, and repairs. 2ULaundry distinguishes itself by offering convenient door-to-door pickup and delivery, allowing customers to save time on laundry chores. With the average person spending over five hours a week on laundry, the company addresses the growing demand for time-saving solutions in the $23 billion laundry industry. The service is designed for a broad customer base, including those with in-home washers and dryers who seek convenience. By leveraging a team of industry experts and optimizing delivery routes through underutilized laundromats, 2ULaundry enhances the customer experience while providing a hassle-free tracking system for orders.

Pinpoint

Venture Round in 2018
Pinpoint is a technology company that specializes in enhancing software delivery through data science and innovative search technologies. Founded in 2016, the company focuses on developing an engineering performance management platform that integrates with various software delivery tools to provide insights into work activities. By leveraging proprietary artificial intelligence, Pinpoint measures impact, anticipates risks, and identifies opportunities for improvement, thus enabling technology and business leaders to foster high-performance engineering teams. Additionally, Pinpoint's search technology offers customized solutions for a range of clients, including vertical portals and mobile carriers, by creating tailored search engines that enhance user experience and drive traffic. The company's commitment to aligning technology with business objectives positions it as a valuable partner in optimizing performance and increasing revenue potential for its clients. Headquartered in North Carolina with additional offices in San Francisco, Pinpoint is backed by venture funding from notable investors.

Sense Photonics

Seed Round in 2017
Sense Photonics, Inc. is a developer and manufacturer of advanced light detection and ranging (LiDAR) solutions tailored for autonomous vehicles, drones, robotics, and industrial automation. Founded in 2016 and headquartered in Durham, North Carolina, the company specializes in solid-state LiDAR sensors that utilize proprietary laser arrays and modular architecture to create reliable, high-performance 3D sensing systems. These sensors generate detailed 3D maps of a vehicle's surroundings, functioning effectively in various weather conditions and lighting scenarios. The technology is protected by over 200 patents and is designed to meet the stringent performance, reliability, and cost requirements of the automotive and industrial sectors, facilitating advancements in assisted and autonomous driving applications.
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