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 Leasing

BacklotCars

Series A in 2018
BacklotCars is an online marketplace that simplifies wholesale automotive transactions for auto dealers, finance companies, and rental car businesses. Founded in 2014 and headquartered in Kansas City, Missouri, the platform eliminates the need for physical auctions by offering a seamless, end-to-end solution that includes vehicle inspections, transportation, and inventory finance services. It operates a 24/7 bid-ask marketplace, allowing users to engage in transactions in real time. By addressing common challenges associated with online vehicle sales, such as the need for certified inspections, BacklotCars enhances the selling and buying experience. The service is utilized by dealers across 46 states, promoting transparency and efficiency in the wholesale automotive market.

TurboTenant

Venture Round in 2018
TurboTenant, Inc. develops a rental property management software software for landlords and property managers. The company through its software allows landlords and property managers to market their rental properties; receive online rental applications; screen tenants for criminal history, credit report, and past evictions; share and store documents, including signed lease agreements and condition report; allows renters to sign legal documents electronically; and collect online rent payments. It allows users to post the rental property on property listing websites. The company through its software also provides rent estimate reports, flyers for the property, and state-specific legal forms. TurboTenant, Inc. was founded in 2015 and is based in Fort Collins, Colorado.

Truss

Series A in 2017
Truss Holdings, Inc. develops and operates an online commercial real estate (CRE) tech platform. It helps small and medium businesses find, tour and lease office, co-working, industrial, and retail space. The company’ platform uses machine learning to help find properties that best fit a company’s needs. It allows businesses in virtually tour the listings, negotiate price, and sign lease documents all on its site. The company was founded in 2016 and is based in Chicago, Illinois.

Rentable

Series A in 2016
Rentable is an internet company that specializes in providing a web-based platform that allows its users to conduct an online internet apartment search. The company was established in 2011 and is based in Madison, Wisconsin.
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