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Venture Capital
wireframevc.com

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Investments

23

Portfolio Exits

2

Funds

3

About Wireframe Ventures

Wireframe Ventures is a Mill Valley-based venture capital firm.

Wireframe Ventures Headquarter Location

35 Miller Avenue #308

Mill Valley, California, 94941,

United States

510-740-5002

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Latest Wireframe Ventures News

Synop Raises $10M to Streamline EV Business Operations and Accelerate Commercial Electrification

Jun 23, 2022

Amazon Web Services, Citi, JPMorgan, and Volvo Financial Services alums are developing architecture to put EV charging, operations and energy management on autopilot for commercial fleets, OEMs, and energy companies Synop’s platform utilizes AI to power insights into telematics and logistics to expand the viability of commercial EV fleets With funding led by Obvious Ventures and additional climate tech VCs Wireframe Ventures, Congruent, and Better Ventures, Synop plans to scale operations New York, NY – WEBWIRE – Thursday, June 23, 2022 NEW YORK, New York (June 23, 2022) – Synop , an end-to-end electric vehicle fleet operations platform, announced today that it raised $10.1 million in Seed funding, led by leading climate tech VC Obvious Ventures, with participation from Wireframe Ventures, Congruent, and Better Ventures. The round will support attracting talent, customers, and commercial partners looking to make the switch to EVs. The market for energy-optimization services to support the charging of electric-vehicle fleets is estimated to reach a value of $15 billion by 2030. Factors driving market growth include rapid corporate transition into commercial EVs and climate regulation resulting in significant commercial EV investments by countries worldwide. However, vehicle fleets like school buses, semi-trucks, rental cars, and government vehicles face many obstacles when integrating new EVs, including power price volatility, charging mixed fleets, and extended charging times. Despite those challenges, the largest-ever order of electric school buses is currently in production, and school bus fleets nationwide have announced plans to electrify in the next decade. With a mission to help simplify the transition to EVs, co-founders Gagan Dhillon and Andrew Blejde built Synop to support all commercial EV types and charging infrastructures. It is the first and only software platform designed specifically for large commercial fleets and OEMs to transform the performance of their EV operations and maintain sustainability commitments. Synop puts EV operations on autopilot, bridging charging, fleet operations and energy management in a single, unified platform to take care of all fleet electrification needs. When EV bus fleets such as Highland, an EV school bus operator, leveraged Synop’s platform, they successfully scaled their operations 10x year-over-year through simple and effective charging management, route planning, energy monitoring, and telematics information insights. “The electrification of transportation is a massive undertaking, especially with companies operating large fleets. Synop is addressing the biggest, hidden infrastructural barriers for companies looking to make and manage that transition seamlessly" said Obvious Ventures Managing Director Andrew Beebe. “We’ve been impressed with the team’s extraordinary responsiveness and speed in deploying solutions for fleet customers,” said Wireframe Ventures Managing Partner, Paul Straub. “Their API-driven approach easily integrates data across vehicles, charging infrastructure and corporate operating priorities to ensure customers can confidently deploy and realize the benefits of fleet electrification.” Based on his experience at REIN as Vice President of Business Development, where he helped create mobility and commercial auto insurtech solutions with the world’s leading OEMs and insurance companies, Synop CEO Gagan Dhillon developed the concept for Synop with Co-founder Andrew Blejde, a former Amazon engineer, to address the emerging market opportunity for commercial EV fleets that need support to scale. ”Companies no longer have to be convinced that EVs are the best option for their fleet. The challenge now is creating an infrastructure to sustainably support this mass adoption,” said Gagan Dhillon, Co-Founder and CEO of Synop. “We built Synop to supply the universal operating system for EVs, unlocking the potential for a future that isn’t dependent on fossil fuels.” About Synop Synop is an end-to-end EV software platform that bridges charging, fleet operations, and energy management into a single, intuitive solution to take care of all fleet electrification needs. By providing telematics integration, smart routing, and AI-driven forecasting tools, Synop makes charging more accessible, reduces the administrative burden on fleet managers, and enables fleets to scale with multiple vehicle classes and charging partners quickly. To learn more, visit https://www.synop.ai/ . Media Contact

Wireframe Ventures Investments

23 Investments

Wireframe Ventures has made 23 investments. Their latest investment was in Synop as part of their Seed VC on June 6, 2022.

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Wireframe Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/23/2022

Seed VC

Synop

$10M

Yes

3

6/2/2022

Series A

Endpoint Health

Yes

3

5/18/2022

Seed VC

Salient

$5.65M

Yes

2

3/16/2022

Seed VC

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$99M

Subscribe to see more

10

9/20/2021

Series A

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$99M

Subscribe to see more

10

Date

6/23/2022

6/2/2022

5/18/2022

3/16/2022

9/20/2021

Round

Seed VC

Series A

Seed VC

Seed VC

Series A

Company

Synop

Endpoint Health

Salient

Subscribe to see more

Subscribe to see more

Amount

$10M

$5.65M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

3

2

10

10

Wireframe Ventures Portfolio Exits

2 Portfolio Exits

Wireframe Ventures has 2 portfolio exits. Their latest portfolio exit was OpenInvest on June 29, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/29/2021

Acquired

$99M

8

6/17/2021

Acquired

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$99M

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10

Date

6/29/2021

6/17/2021

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

8

10

Wireframe Ventures Fund History

3 Fund Histories

Wireframe Ventures has 3 funds, including Wireframe Venture health and climate fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/11/2022

Wireframe Venture health and climate fund

$77M

1

12/2/2020

Wireframe Ventures 2020-S

$99M

10

1/2/2018

Wireframe Ventures

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$99M

10

Closing Date

3/11/2022

12/2/2020

1/2/2018

Fund

Wireframe Venture health and climate fund

Wireframe Ventures 2020-S

Wireframe Ventures

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$77M

$99M

$99M

Sources

1

10

10

Wireframe Ventures Team

2 Team Members

Wireframe Ventures has 2 team members, including current Founder, Managing Partner, Harsh P.

Name

Work History

Title

Status

Harsh P

Founder, Managing Partner

Current

Paul Straub

Founder, Managing Partner

Current

Name

Harsh P

Paul Straub

Work History

Title

Founder, Managing Partner

Founder, Managing Partner

Status

Current

Current

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