Launching Augment Ventures Fund III
It is our pleasure to announce the launch of Augment Ventures Fund III. Anchored by a large Midwest-based state retirement system, Fund III has received additional equity investment from Bank of America and the vast majority of existing Fund I and Fund II investors. We thank our investors, partners, and portfolio companies for their continued support and will keep you updated as we further develop Fund III.
Augment Ventures will continue to invest in products and solutions at the intersection of digitization and data that are transforming traditional industries – driving productivity, efficiency, sustainability, and transparency. We back mission-driven founders with diverse teams that bring intellectual rigor to solving big, real-world problems. Our focus is on North American software, smart hardware, and physical science early-stage companies.
If you are an early-stage company looking for investment, please reach out to us here.
New Investment: Rivet Work
Augment is making its first investment of Fund III in Rivet Work. We are leading the Seed financing round for Rivet, a workforce scheduling and management solution for the commercial skilled trade industry.
Launched in 2020, Rivet is a web-based platform that helps commercial contractors easily and efficiently organize and manage labor and equipment across various jobsites. The status quo of commercial contractors is to manage their workforce and equipment via a complex combination of excel, texts, emails, phone calls, white boards, and other low-tech options. Rivet’s platform is intended to benefit its customers by saving them time, improving planning accuracy, and enhancing both their ability to forecast their workforce on future projects and access historical data from past projects for analysis.
We’re excited to welcome the founders of Rivet – Ryan Meitl, Alison Accavitti, Andy Lawrence, Louis Gelinas – and the entire Rivet team to the Augment Family.
In the News
Following a successful pilot with Facebook Diverse, Crowdz is expanding its partnership with the Facebook Invoice Fast Track program to tens of thousands more minority, women, veteran, LGBTQ, and disability-owned companies. Crowdz’s marketplace technology will underpin the program and Facebook has committed up to $100 million. Registration opens October 1st. For more information, please click here
Cloud Agronomics provided valuable contributions to Soil Carbon Sourcebook recently published by The World Bank. You can read the abstract here
and download the full document here
Flume recently launched its consumer subscription service, Insight. The service costs $49.99 per year and gives users greater access to its analytics platform, more detailed disaggregation data, a 15% discount to professional services from Angi™ (Angie’s List), among other benefits. More information on the service can be found here