Temerity Capital backed Esusu, Vesta and Eyrus raise over $150M in Q1
Investing in an early-stage business is not for the faint of heart. Assessing a business’s potential is significantly more challenging than assessing actual impact and scalability. We look at the experience and commitment of a founding team, the strength of a vision, the viability of a business model, and the practicality of the market. We rely on intuition, dig through our experience, tap the insights of field experts, and yes, sometimes cross our fingers and hope for the best.
When a startup closes a new round of funding, it signals its vision is becoming a reality. They are hitting milestones, generating revenue, and proving impact that others are willing to bet on. Three of our portfolio companies recently completed significant funding rounds. Here’s a look at the progress of Series A and B raises in our portfolio for Q1 2022.
Eyrus Raises $12 Million | Feb 2022
Eyrus, a women-led construction tech company, raised $12 million in Series A to accelerate its growth, entering new market segments and geographies including the Asia-Pacific region, the European Union, the UK, and the Middle East.
Launched in 2015, Eyrus is a jobsite intelligence platform that helps to ensure workers are deployed where needed, tracks progress across key areas of infrastructure projects, forecasts schedule deviations, and enables seamless communications among stakeholders and the fast and secure transfer of assets.
Vesta Raises $30 Million | Jan 2022
Vesta raises $30 million in its Series A with the financing led by Andreessen Horowitz (a16z).
2022 loan originations are forecasted to exceed $2 trillion – a decline from 2021 – yet still a large transaction volume of financing in a relatively untapped startup market. Formerly of Blend, Mike Yu and Devon Yang founded Vesta to accelerate the improvements of the mortgage infrastructure – from loan origination to funding of a home.
Founded in November 2020, Vesta’s technology provides a customizable platform for mortgage origination, supporting approval, underwriting and the closing and funding of home loans.
Esusu Raises $130 Million | Jan 2022
Esusu raises $130 million in its Series B led by SoftBank Vision Fund 2. Esusu became a rare black-founded impact-focused Unicorn, receiving a valuation of $1 billion.
Founded in 2018, Esusu enables renters to report rent payments to major credit bureaus to boost credit scores and help property owners and managers maximize returns. The influx of capital will enable Esusu to triple its team, accelerate product innovation, and build a comprehensive financial health platform.
Having “credit” is the membership card to America’s financial system. Nearly 45M+ Americans lack credit scores and millions more are marginalized due to their background, race, and zip code. By establishing another avenue to access credit, Esusu is empowering millions of individuals to participate in building generational wealth.
