Account Executive

Flex reaches unicorn status and Nox Metals raises $11.5M Seed. Portfolio news, events, and resources across Council Capital & Its Operator Network Aug 19, 2026 Its Portfolio Continues Raising, Scaling, and Creating Impact The Council is proud to share the latest portfolio updates across Council Capital, including news from Flex, Nox Metals, Molli Health, and Joyful Health. A reminder about who The Council is: Council Capital is an operator-led venture firm investing in First Builders transforming its most essential industries like manufacturing, legal, and healthcare as part of Software's Third Act. The Council also run an exclusive angel group and podcast for top operators, designed to inspire and attract the founders of tomorrow's unicorns. Flex reached unicorn status. Last week, Flex announced a $70M raise led by Halo Fund, bringing their valuation to $1.2B. Flex is the AI-native private banking platform for high-net-worth business owners. This marks its second unicorn in Fund I. The Council received shares in Flex when they acquired one of its portfolio companies a few years ago, and the growth since has been tremendous. Nox Metals closed an oversubscribed Seed. Nox Metals is a software-enabled metal supplier redefining how industrial metal processing is executed. They recently announced their $11.5M Seed round led by Hyperion, with participation from Council Capital, Palmer Luckey, Y Combinator, Operator Collective, and others. The Council were the first VC fund to commit to Nox Metals outside of Y Combinator at pre-seed, and The Council has worked closely with them since launch - including visiting their first factory floor and introducing them to an early enterprise customer who signed within weeks. The Council also ran an SPV for its LPs as a follow-on opportunity during this Seed round, deepening the strategic network behind its portfolio company. Catch a recap of Amber Illig's (General Partner) visit to Nox's Detroit factory floor during Reindustrialize. Introducing Molli Health. Read Rachel Tsui's (Partner) write-up on its investment in Molli Health. They're rethinking health insurance for the 1099 workforce with affordable costs, better preventative care, and a superior customer experience. Molli Health is live and enrolling now - learn more and sign up here: https://www.mollihealth.com/ Joyful Health raised a $22M Series A led by CRV. A Fund I portfolio company, Joyful Health helps healthcare practices recover revenue lost through the complicated insurance billing cycle. The Council were their only institutional check at pre-seed, and The Council is incredibly proud of how quickly they hit critical milestones - allowing them to raise their Series A ahead of schedule. Its Exclusive Operator Network Continues to Deepen The Council is putting out the call early for its Fall Angel Cohort - a curated, application-based program for operators who want to learn angel investing alongside a community of senior operators and industry leaders. In just the first half of 2026, its community of 200+ senior operators has: * Heard 67 live founder pitches * Shared 143 deals (roughly one every day!) * Co-invested in 6 SPVs across healthtech, food supply chain, manufacturing, and compliance infrastructure Whether you're curious about your first check or thinking about how to go deeper in your investing strategy, The Council'd love to continue the conversation. Book a quick tour with The Council: https://www.thecouncil.co/learn-more What Everyday Americans Think About AI Its biggest takeaway from Pew Research Center's latest study on Americans' views of artificial intelligence: companies that need individual human buy-in (think B2B2C healthcare, product-led growth AI products, vertical AI for services businesses) have a lot to gain if they can paint a genuine picture of the future that gets people excited. A few key data points worth knowing: * Americans remain wary about AI's impact on their daily lives. * They see real promise for AI in medical care, but are pessimistic when it comes to education and jobs. * While more U.S. workers are using AI on the job, a majority (65%) still don't use it much or at all. The Connective Tissue Between Operators, Founders, & LPs The Council has been bringing The Council to more networks through highly curated dinners, luncheons, and memorable experiences - IRL and virtually. A few standout moments from the past few months: First Builders Dinners. Building on the momentum of its First Builders Podcast, The Council launched an intimate dinner series connecting exceptional operators and founders with select LPs, portfolio founders, and featured podcast guests. The format is designed for real conversation and depth. Themes have ranged from robotics to healthcare pre-seed founders to technical co-founders. Most recently: a highly curated dinner with the operators who built Figma into what it is today. The Council is talking to some of the first engineering, product, and design hires. The Council can't wait to learn from some of the brightest minds in tech in this unique setting. * Inside the LP Room with Sydecar - The Secondaries Playbook: What LPs Need to Know Now Secondaries have become one of the hottest - and least understood - topics in early-stage investing. The Council is partnering with Shriram Bhashyam, COO of Sydecar, to break down how secondaries work in practice. RSVP | Wednesday, Sept 2 @ 12 PM PT Its Recent Webinars - Inside the LP Room: Build Your AI Chief of Staff via Claude Its goal is giving its community an inside look at the founders The Council believe in, the themes The Council is tracking across its portfolio, and important LP educational topics. Last month, The Council hosted a live workshop with Lisa Popovici from Siena, one of its portfolio companies. This interactive session focused on building your own AI chief of staff with Claude Code. Sign up here for special access to the recording and future Inside the LP Room sessions - it's too good to miss. Partnerships Spanning Executives from Manufacturing to Tech Membership Communities The Council has been bringing LP and angel education to highly aligned leadership groups across the US through virtual and in-person rooms. Recent partnerships include Enrich, Manufacturers Alliance, Women In Innovation (WIN), Women on Boards Project and BONDE, with a few more exciting sessions through the remainder of July and into August. If you're interested in bringing Angel & LP workshops to your highly aligned private network, please email The Council at [email protected]. Catch Up On All of Its Latest Podcasts The Last Twenty Percent: Craft, AI, & Why Design Has Never Mattered More Georgia Rust Creation Engine Product Lead at Figma Creator Path to Venture Scale: Legal Automation and Social Distribution Kristina Subbotina CEO & Founder of Lexsy The 1099 Gap: Rebuilding Health Insurance for America's Independent Workforce Wyatt Stokesberry CEO & Co-Founder of Molli Health Inside Clinical Trials: Infrastructure, AI, and Building in Healthcare Kyle McAllister Co-founder and CEO of Trially Discover open roles at its fast-growing performing portfolio companies! Let The Council know why you might be the perfect fit and The Council may be able to get your resume to the top of the pile. * NOX METALS is building the fastest metals processing factories in North America. * Recently raised their oversubscribed Seed round led by Hyperion. * Open roles include a ML Engineer & Director of Manufacturing Operations. * Joyful Health is building an AI-powered financial operating system that simplifies revenue operations, so clinicians and teams can focus on what matters most. * Recently raised their Series A ahead of schedule from CRV. * Open roles include Founding Recruiter, Founding BD Representative, and Founding Infra Engineer. * Rosarium Health connects the dots between healthcare and home improvement so people can grow safely where they're rooted. * Recently raised their Seed round and their founder was featured in AFROTECH. * Open roles include Clinical Partnerships Analyst, Clinical Operations Manager, and Network Strategy & Operations Manager. * Lexsy is the legal operating system built for startups and their investors. * Recently their founder was honored as a Create & Cultivate Rising Star. * Open roles include Senior AI Engineer and ECVC Startup Lawyers. As a reminder, if you are a First Builder building vertical AI for an essential (think: complex, foundational) industry like healthcare, law, or manufacturing, The Council'd love to hear from you. Thank you from The Council Team! Pictured (left to right): Vanessa Samaniego, Amber Illig, Rachel Tsui

Healthcare tech platform Joyful Health raises $22M. The funding round will help the company advance its denial intelligence solution for healthcare practices. Published on Apr. 20, 2026 Rose Velazquez | Apr 20, 2026 Joyful Health, a company helping healthcare providers recover earned revenue, announced $22 million in funding from CRV and other investors. The company's denial intelligence platform investigates complex insurance claims and gives providers visibility into disparate financial data. "You can't automate what you can't see, and you can't see what's scattered across incompatible systems," Warren Green, Joyful Health's co-founder and CTO, said in a statement. "Advances in AI have made it possible, for the first time, to take that data and turn it into something clean, structured and actionable at scale." Equipped with its new capital, Joyful Health will expand its team and invest in product development. The company has seen increased demand for its technology among enterprise healthcare organizations.