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Klass

Growth equity investor in B2B software

Overview

Klass is a growth equity firm that backs category-defining B2B software companies. It focuses on AI-native platforms, vertical SaaS, and tech-enabled services, partnering with elite founders to help them grow durable, mission-critical software businesses over a multi-year horizon. The firm supports its portfolio through a collaborative ecosystem where CEOs regularly learn from operators who have scaled companies beyond $100M in revenue, enabling product, team, and market evolution without chasing the next fundraising round. Klass’ goal is to help its companies scale into lasting, high-performing enterprises that define their markets.

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About Klass

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Industries

Venture CapitalEnterprise SoftwareAI & Machine Learning

Company Size

1-10

Company Stage

N/A

Total Funding

$321.2M

Headquarters

Toronto, Canada

Founded

2011

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Funding

Total Funding

$321.2M

Above

Industry Average

Funded Over

0 Rounds

Company News

PR Newswire
Sep 29th, 2026
Atomic raises $12.5M to build the AI control system for physical goods companies.

Atomic raises $12.5M to build the AI control system for physical goods companies. Sep 29, 2026, 06:00 ET Founded by former Tesla supply chain leaders, Atomic already automates 90% of purchasing for DoorDash's DashMart business and helped Good Chop cut inventory in half while more than doubling revenue. BOSTON, Sept. 29, 2026 /PRNewswire/ - Atomic, the AI-native supply chain planning platform, today announced a $12.5 million Series A led by Klass Capital and Madrona. Adrian Schauer of Klass Capital and Matt McIlwain of Madrona join Atomic's board. Atomic will use the funding to extend its platform from planning and decision support into a control system that connects a company's business objectives to its daily operating decisions, with AI agents extending the capability of human teammates. When demand shifts or supply tightens, planning teams have to understand what changed, compare responses and adjust what gets bought, built or moved. Atomic connects that work in one operating model. Teams can improve the logic behind a decision and carry that improvement into the orders the business places every day. The company was founded by Michael Rossiter, Neal Suidan, and Jeff Goodrich, who together led Sales and Operations Planning and planning at Tesla through the Model 3 ramp-up and built a 50-person planning engineering organization. The company was incubated at DVx Ventures, the venture firm founded by former Tesla President Jon McNeill, who worked alongside the team at Tesla and now serves on Atomic's board. "Most companies can't justify building the kind of planning engineering team we had at Tesla," said Rossiter, Atomic's co-founder and CEO. "They're still running critical parts of their business through legacy software, hundreds of spreadsheets and individual heroics. Atomic gives them that capability as a product." Companies can deploy Atomic's sales and operations planning layer in about 30 days using the data they already have. From there, Atomic can expand into detailed planning and execution, running alongside a company's existing ERP rather than requiring the business to rebuild its processes around new software. For DoorDash's DashMart business - the company's convenience and essentials store - Atomic now automates 90% of purchasing across hundreds of sites. DashMart migrated to Atomic in about three months with feature parity and zero business disruption. Its team recently used Atomic's AI to build new purchasing logic for how primary and backup suppliers should be used in roughly an hour. Atomic then applied that logic across daily purchases, helping shift more volume toward primary suppliers and improve gross margins. "Atomic has helped us plan and manage inventory more proactively, so we can maintain high service levels for consumers even in times of disruption," said Nick Palefsky, Director of New Business Verticals at DoorDash. "Turning a forecast into the right purchase at the right site takes operating judgment we've built over years. What to carry where, how to substitute when a supplier misses. Atomic is how we apply that judgment across our network every day." Additionally, Good Chop, HelloFresh's meat box subscription business, used Atomic to reduce inventory on hand from eight or nine weeks to four while more than doubling revenue and expanding its distribution network and product range. "Atomic helped us keep inventory under control as we expanded the business. It's the core engine we use to plan supply and place purchase orders," said Seb Tron, president of Good Chop. Atomic's AI agent platform, Nucleus, is also in daily use by customers for tasks including S&OP preparation, inventory questions and supply-risk checks. The new funding will be used to expand the platform and support larger enterprise deployments. Adrian Schauer of Klass Capital and Matt McIlwain of Madrona will join Atomic's board alongside Jon McNeill, co-founder and CEO of DVx Ventures and the former President of Tesla. DVx incubated Atomic and has backed the company since its earliest days. "We've never heard customers talk about a software vendor the way they talk about Atomic. They trust it with daily operating decisions and are asking for more," said Daniel Klass, founder and managing partner of Klass Capital. "We backed Atomic at the seed because the founders had lived this problem at Tesla. A year and a half later, their platform runs daily purchasing across DoorDash's DashMart network. Most enterprise AI stops at a recommendation. Atomic acts on the plan and shows its work. We're pleased to co-lead this round and join the board," said Matt McIlwain, managing director of Madrona. "Michael, Neal and Jeff helped build the system that allowed Tesla to operate at a scale and speed that traditional supply chain software simply wasn't designed for," said McNeill. "What gets us excited about Atomic was the opportunity to take what they learned solving one of the hardest supply chain problems in the world and turn it into something any company can use. AI now makes it possible to give companies not just better forecasts, but a system that can actually make and execute decisions." Atomic's customers include DoorDash's DashMart, GoodChop (HelloFresh), Starface World, OOFOS, LMNT and Vincero. About Atomic Atomic is building the AI control system for physical goods companies. Founded by former Tesla planning leaders, Atomic gives planning teams a model of their business at the product level, recommendations that show their reasoning, and AI agents that take on more of the work as trust builds. Atomic is backed by DVx Ventures, Klass Capital, Madrona, Alumni Ventures, and Sandberg Bernthal Venture Partners. Learn more at atomic.supply. SOURCE Atomic

Blasting News
Sep 29th, 2026
Ex-Tesla managers launch Atomic with $12.5M for AI that automates supply chain decisions

Ex-Tesla managers Michael Rossiter and Neal Suidan have launched Atomic, a supply chain AI platform that has raised $12.5 million in Series A funding. Led by Klass Capital and Madrona Venture Group, this brings the startup's total funding beyond $15 million. The founders managed supply chain planning at Tesla during the Model 3 production ramp-up in 2018, where traditional spreadsheet methods proved inadequate. Atomic's platform simulates scenarios and automates supply chain decisions, addressing a market estimated at $20 billion. Clients include DoorDash and HelloFresh. Jeff Goodrich, former Tesla planning director, has joined as CTO and third cofounder. The platform enables companies to reduce inventory costs whilst freeing planners from repetitive tasks to focus on managing exceptions and validating rules.

Associated Press
Aug 11th, 2026
Legio raises $5M from Klass Capital for AI-native campus safety platform

Legio, an AI-native safety and security operations platform for higher education, has raised $5 million in seed funding from Klass Capital. The Toronto-based startup will use the investment to accelerate product development and expand its design partner programme across college and university public safety departments. The platform serves as an operational backbone for campus safety teams, integrating dispatch, incident response, case work, patrols, and asset management into one system. It automatically generates compliance reports and documentation from live operational data. Legio was founded by Darren Hill, Mike Wertman, and Joe Crampton, who bring experience in campus public safety and enterprise security software. The funding will support engineering hires and further product development as the company works with higher education institutions to modernise campus security operations.

The Montreal Gazette
Aug 11th, 2026
Legio raises $5M seed from Klass Capital to modernize campus public safety.

Legio raises $5M seed from Klass Capital to modernize campus public safety. AI-native platform for higher education unifies dispatch, incident response, and regulatory reporting - so compliance falls out of the operational work TORONTO - Legio, the AI-native safety and security operations platform purpose-built for higher education, today announced a $5 million seed investment from Klass Capital. The funding will accelerate product development and Legio's engagement with... August 11, 2026 at 7:31 a.m. AI-native platform for higher education unifies dispatch, incident response, and regulatory reporting - so compliance falls out of the operational work TORONTO - Legio, the AI-native safety and security operations platform purpose-built for higher education, today announced a $5 million seed investment from Klass Capital. The funding will accelerate product development and Legio's engagement with design partners across college and university public safety departments - among the most operationally complex and heavily regulated environments in security. Legio is being built as the operational backbone campus safety teams run their day on - dispatch, incident response, case work, patrols, and asset management in one system of record. Because the work happens inside Legio, the reports and compliance artifacts these departments owe - from the daily crime log to the Annual Security Report - assemble from live operational data, with the safety team in the loop at every step. Legio was founded by Darren Hill (CEO), Mike Wertman, and Joe Crampton - operators with deep experience across campus public safety and enterprise security software. "Campus public safety has been running on platforms built for generic enterprise and bolted on for higher education. Teams carry heavy reporting obligations on top of round-the-clock operations, and the work of documenting the shift crowds out the work of protecting the campus. We're rebuilding the category from the ground up." - Darren Hill, Co-Founder & CEO, Legio "This is the kind of vertical software category we look for - deep domain complexity, regulatory tailwinds, and an incumbent stack a decade behind. Darren, Mike, and Joe bring the domain expertise to rebuild it, and their AI-native architecture is the right foundation for a market this overdue for change." - Daniel Klass, Managing Partner, Klass Capital The seed round will fund product development, engineering hires, and Legio's design partner program across higher education. About Klass Capital Klass Capital is a growth equity firm investing in category-defining B2B technology companies. The firm partners with elite founders building durable, mission-critical software businesses, with a particular focus on AI-native platforms, vertical SaaS, and tech-enabled services. Learn more at klass.com. About Legio Legio is the enterprise-grade safety and security operations platform purpose-built for higher education. Safety teams run their daily operations inside Legio - incident management, guard tour, dispatch, case management, regulatory reporting, and asset management - and the compliance record falls out of that work automatically. One connected system, built so teams spend their time on presence, judgment, and response instead of paperwork. Learn more at getlegio.com.

RadioFacts
Jul 13th, 2026
Hg Capital invests $500M in Rightsline to accelerate AI-driven royalty management tools

Barings has provided senior secured financing for Hg Capital's $500 million investment in Rightsline, a Los Angeles-based rights and royalties management software provider. The deal aims to accelerate the company's AI product roadmap and international expansion. Rightsline serves music publishers, labels, and streaming platforms with software managing complex royalty calculations and rights ownership data. Klass Capital, Rightsline's majority owner since 2020, is participating in the investment alongside Salem Partners and the company's management team. The investment will fund AI integration to automate royalty processing and rights identification, addressing delays in payments to songwriters and artists. Hg Capital will leverage its network of over 100 AI specialists to support this development. Two Hg executives will join Rightsline's board. Ron Kasner will serve as independent chair whilst existing leadership continues operating under Klass Capital.

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