Marketware Acquired by Medsphere | Podium Introduces Card Readers, Further Enabling Payments for Local Businesses | Mosyle Launches Mosyle Fuse, Free Tier for 30 Devices | Neighbor Raises $53M Series B | Qwick Passes $1M Monthly GMV in March | Route Announces 3,353 New Jobs, $23.2M GOED Incentive | TaxBit Raises $100M Series A, Largest in Utah History | Latitude Raises $3.3M Seed Round

Fund I

Marketware Acquired by Medsphere

Marketware, a provider of healthcare relationship management & analytics tools, announced it was acquired by Medsphere, which supplies affordable clinical IT systems & support services. We’re excited about what this means for Alex Obbard and the Marketware team and are excited for their continued journey with Medsphere.

Podium Introduces Card Readers, Further Enabling Payments for Local Businesses

Podium, the leading communication and payments platform for local businesses, announced the release of Podium Card Readers, point-of-sale connected devices that provide more ways for local businesses to collect and manage their payments. The company's first physical products, Card Readers drive repeat business and enable frictionless payments via text and in-store, allowing local businesses to connect payments to the entire customer journey all in one place. Excited about how Eric ReaDennis Steele and the Podium team continue to build upon their already impressive product suite!

Fund II

Mosyle Launches Mosyle Fuse, Free Tier for 30 Devices

Mosyle, which provides powerful iPhone, iPad, Apple TV and Mac management software, launched Mosyle Fuse to create an end-to-end macOS management and security solution. The company also announced a free tier with all the features of Mosyle Business for up to 30 devices. Included in the free tier are features like zero-touch deployment, support for shared iPad, full Apple Business Manager Support, app installations/patches, and integrations with Google, Microsoft, Active Directory, and more. We’re thrilled to see Alcyr Araujo and the Mosyle team continue to expand their category leadership in the MDM space.

Neighbor Raises $53M Series B

Neighbor, which repurposes under-utilized or vacant space on its self-storage marketplace, announced that it has raised a $53M Series B led by Fifth Wall with participation from returning backer Andreessen Horowitz and new investors DoorDash CEO Tony Xu and StockX CEO Scott Cutler. COVID has accelerated Neighbor’s business with revenue growing 5x and organic reservations increasing 7x year over year. The company now has active renters in more states than Public Storage, a $43B publicly traded company. Congrats to Joseph WoodburyPreston AlderColton Gardner and the Neighbor team!

Qwick Passes $1M Monthly GMV in March

The Qwick team weathered a difficult 2020 that tested the team and forced them to be resilient and scrappy. We’re proud of the way they adapted and found a way to beat 2019’s numbers. The team is on a roll in 2021 and has seen demand snap back dramatically with March eclipsing the $1M monthly GMV mark for the first time. The company is on track to grow the business by 4x this year. Major props to Jamie Baxter and the Qwick team!

Route Announces 3,353 New Jobs, $23.2M GOED Incentive

Route, which provides package tracking, order protection and customer engagement solutions, announced it will expand its Utah offices adding up to 3,353 new high-paying jobs in the state in the next 11 years, and will receive a post-performance tax credit via GOED of up to $23,172,708 related to this local hiring commitment. Proud of what Evan WalkerMike Moreno and the entire Route team are accomplishing!

TaxBit Raises $100M Series A, Largest in Utah History

TaxBit, which provides crypto currency tax software for consumers and enterprises, announced a $100M Series A led by Paradigm and Tiger Global with PayPal VenturesWinklevoss CapitalCoinbase VenturesBill Ackman and Ryan Smith joining the round. The company will use its funds from the largest Series A round in Utah’s history to invest in its enterprise tools and international expansion, with the United Kingdom coming first. We couldn’t be more thrilled for Austin WoodwardJustin Woodward and the TaxBit team!

Fund III

Latitude Raises $3.3M Seed Round

Latitude, which builds games like AI Dungeon with infinite storylines generated by artificial intelligence, announced a $3.3M seed round led by NFX with participation from Griffin Gaming Partners and Album. AI Dungeon is attracting over 1.5M monthly active users and the startup plans to create more AI-powered games, eventually releasing a platform allowing other game designers to do the same. We’re stoked for Nick WaltonAlan Walton, and the Latitude team!

-The Album Team