Soma Capital

Today I’m thrilled to announce SuperDial's $15M Series A led by SignalFire, joined by Slow Ventures, BoxGroup and Scrub Capital. After starting our own revenue cycle management company nearly four years ago, Harrison Caruthers and I experienced firsthand how debilitating phone-based administrative work is for billing teams. These teams spend countless hours making repetitive calls to health insurance companies – stuck on hold, navigating phone trees and chasing down information. This process drains productivity and leads to burn out. We built SuperDial to make these calls a thing of the past for RCM companies and healthcare provider organizations. Our AI phone agents handle these calls in conjunction with our internal fallback team so that our customers’ teams can focus on higher ROI tasks. We’ve been impressed by how quickly our customers have deployed SuperDial, saving hundreds of thousands of hours thus far. This funding helps us grow our team to accelerate product development and distribution, and it’s just the start. 25% of U.S. healthcare spending goes to administrative work that can now be facilitated by AI agents. This is a $1.2T opportunity to make healthcare more efficient and affordable, and SuperDial will continue to build toward this future. Special thanks to Yuanling Yuan, Chris Scoggins and the entire SignalFire team. We’re also very grateful to our advisors Tom Peterson, Paul Bernard and Sean McSweeney. And we’d like to thank our existing investors who’ve supported us along the way – our first investors Cory Levy (Z Fellows) & Edward Lando (Pareto Holdings), Yoni Rechtman & Will Quist (Slow Ventures), Nimi Katragadda & Adina Davis (BoxGroup), Elizabeth Weil and Kevin Weil (Scribble Ventures), SV Angel, Soma Capital, Palm Drive Capital, FJ Labs and many great angel investors.

Big news for Runwise: We’ve officially closed our Series B and a new round of growth debt – thank you Axios and Alan Neuhauser for the write-up: https://lnkd.in/e4PRrvUj It can feel like startups are announcing raises every day, but to put this in perspective: 👉Fewer than 1% of startups ever raise venture capital 👉Of those, less than 10% make it to a Series B 👉That puts Runwise in the top 0.1% of all startups ever built This raise is the result of a decade of work building the fastest, most affordable, and most effective infrastructure technology for buildings. It’s why we’re now in 10,000+ buildings across the U.S.—including on nearly every major block in the Northeast. It’s also a reflection of our 1,000+ visionary customers—from Related Companies, Equity Residential, and LeFrak to Metropolitan Transportation Authority, and The Port Authority of New York & New Jersey—who bet on a radically better way to operate their buildings. Led by Menlo Ventures—early investors in Uber, Carta, and Anthropic—this round was also backed by MassMutual Ventures, Nuveen, a TIAA company, Munich Re, Soma Capital, Alumni Ventures, Helium-3 Ventures, Cooley LLP, and Fifth Wall. Alongside the $30M equity round, we’ve secured $25M in new debt financing from Multiplier Capital. Together, that’s $55M in fresh capital to accelerate what we believe is one of the most important—and one of the least talked about—energy transitions happening today. Why it matters: 💡The average building with Runwise cuts fossil fuel usage and energy costs by 20%+ 🌎 That’s already led to $115M+ in energy savings and the equivalent of 100,000+ cars in emissions eliminated 🏙️ It’s making cities healthier, safer, and more affordable for everyone who lives and works in them At Runwise, dollars are a proxy for impact. This raise helps us scale that impact—across the U.S. and soon, around the world. To our customers, investors, and team: thank you. 10,000 buildings down. 50 million to go.

I met Sahil Phadnis when we were 16 and 18 years old. We were looking for roommates at UC Berkeley, and ended up starting a company together the same day we met. We recruited a team, built a product, launched, and then it flopped . . . hard. It was a tough pill to swallow. We moved back in with our parents, went heads-down, and started searching for what was next. Then, one question to a SMB owner changed everything: “How do you manage your finances, and how can we help you improve them?” Today, we’re excited to share that Affiniti has raised a $17M Series A led by SignalFire to use financial intelligence to unlock cash flow for backbone American SMBs. 22% of U.S. small businesses struggle to pay bills, and 70% have less than four months of cash reserves. Cash flow is holding back trillions of dollars of potential revenue for SMBs across America. Instead of only offering more point solutions — like another card or bank account — Affiniti is building a vertically integrated financial system that acts like a CFO for your business. And we’re just getting started. You can read more about our vision here: https://lnkd.in/g846taT7 Thank you to TechCrunch for covering this story. Their story is linked below. Finally, thank you to everyone on the Affiniti team, and all of our supporters for believing that industries most in need of technology are the ones worth building for: SignalFire Jonathan Lim Varun Ramakrishnan Indicator Ventures Geoffrey Bernstein LightShed Ventures Rich Greenfield Jamie Roberts Seltzer sequel Alex Macdonald Contrarian Thinking Capital Codie A. Sanchez Don Stalter Miguel Armaza Andrew Endicott Eniac Ventures Nihal Mehta Jenny Chao Aneel Ranadive Fouad Farhat RiverPark Andy Appelbaum The House Fund Jeremy Fiance Jonathan Struhl Christopher Petkas Austin Rief Yahya Mokhtarzada Sharjeel Hasan Kamran Ansari Thomson Nguyen Rohit Mittal Umesh Khanna Todd Kimmel Matthew Murphy Masha Bucher, Varsha Rao, and more! Let’s revive backbone America! If you're ready to join our vision, we’re hiring: https://lnkd.in/gERNNYyc