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.
Exer Labs is a developer of an exercise coaching application that leverages artificial intelligence and computer vision to enhance at-home workouts. The application is designed to provide users with an interactive and accessible fitness experience by utilizing human motion data. Key features include real-time form correction, motion scoring, exercise tracking, rep counting, and workout summaries. Additionally, the app incorporates social features to foster community engagement among users. By delivering verifiable motion health data, Exer Labs enables individuals to exercise correctly and effectively in the comfort of their homes.
Pura Scents, Inc. specializes in the development and marketing of smart fragrance dispensers designed for home use. Founded in 2015 and based in Orem, Utah, the company offers a plug-in device that accommodates two fragrances simultaneously and allows users to control scent intensity, as well as the color and brightness of the unit, via a mobile app. This innovative approach enables homeowners to create scheduled fragrance releases and conserve scent when not at home, as the device operates only when it detects presence. Users can also activate scents remotely through their mobile devices, ensuring their spaces are inviting upon arrival. Pura sells its products through wholesalers and online channels, combining modern technology with home fragrance solutions.
RemoteLock, based in Denver, Colorado, specializes in connected access control systems for the multifamily, commercial security, and vacation rental markets. The company provides a comprehensive suite of products designed to simplify access management and enhance security for various users, including vacation rental managers, retailers, and property managers. With over a decade of experience, RemoteLock offers a cloud-based Software as a Service (SaaS) platform that provides flexibility and control, allowing users to grant access to any space from any location. The platform supports a variety of smart locks from leading manufacturers and integrates seamlessly with existing hardware systems. RemoteLock's partnerships with companies like Yale, Schlage, HID, and Airbnb enable it to deliver innovative access control solutions to customers across more than 65 countries.
Rachio, Inc. is a Denver-based company that specializes in intelligent sprinkler controllers aimed at enhancing water efficiency for residential landscapes. Founded in 2013, Rachio offers a WiFi-enabled device that allows users to remotely manage their sprinkler systems via a smartphone application. The system automatically adjusts watering schedules based on various factors, including local weather conditions, soil characteristics, and individual water budgets. By leveraging cloud-based technology, Rachio enables users to control their outdoor irrigation from anywhere, ultimately helping them save both water and money.
Noonlight, Inc. is a personal safety technology company that develops a mobile application designed to enhance user safety by connecting various Internet of Things (IoT) devices. Founded in 2013 and headquartered in Santa Monica, California, the application allows users to create accounts, connect devices, and manually trigger alarms in case of danger. Noonlight offers emergency verification and response services, supported by real human dispatchers. The platform is particularly focused on assisting individuals, including college students, by providing timely responses to emergencies, such as sending first responders to homes or vehicles when suspicious activity is detected or following incidents like accidents. By integrating insights and data, Noonlight aims to protect users and their environments, helping them live with greater confidence and peace of mind.
Notion is a company that specializes in home monitoring systems, providing property owners with tools to safeguard their spaces and belongings. Founded in 2013 by Brett Jurgens and Ryan Margoles and based in Denver, Colorado, Notion offers a multi-function, compact sensor that delivers real-time alerts for various issues, including motion detection, temperature changes, water leaks, and alarms. The system is designed to enhance home awareness through an intuitive user experience and comprehensive data analytics, allowing customers to proactively address potential problems in their homes.
Tovala, operating under Maestro Food Co., specializes in the production and supply of a smart oven, known for its steam-based cooking technology. Founded in 2015 and headquartered in Chicago, Illinois, the company offers a countertop appliance that integrates with a meal kit subscription service. This system allows users to enjoy chef-crafted meals prepared with fresh ingredients, which can be cooked effortlessly by simply scanning a barcode. Tovala aims to simplify dinner preparation for busy individuals, providing a convenient way to enjoy healthy, home-cooked meals without extensive cooking time. Additionally, the company offers an application that provides recipes, further enhancing the cooking experience for its users.
Rachio, Inc. is a Denver-based company that specializes in intelligent sprinkler controllers aimed at enhancing water efficiency for residential landscapes. Founded in 2013, Rachio offers a WiFi-enabled device that allows users to remotely manage their sprinkler systems via a smartphone application. The system automatically adjusts watering schedules based on various factors, including local weather conditions, soil characteristics, and individual water budgets. By leveraging cloud-based technology, Rachio enables users to control their outdoor irrigation from anywhere, ultimately helping them save both water and money.
Rachio, Inc. is a Denver-based company that specializes in intelligent sprinkler controllers aimed at enhancing water efficiency for residential landscapes. Founded in 2013, Rachio offers a WiFi-enabled device that allows users to remotely manage their sprinkler systems via a smartphone application. The system automatically adjusts watering schedules based on various factors, including local weather conditions, soil characteristics, and individual water budgets. By leveraging cloud-based technology, Rachio enables users to control their outdoor irrigation from anywhere, ultimately helping them save both water and money.
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