Participated · Equity · Jul 2026

Founded in 2018, ProphetX is a regulated U.S. exchange built as a sports-native prediction market for event-driven contracts. The company operates a peer-to-peer marketplace where users trade event contracts and uses an RFQ Parlay Mechanism to enable multi-event combinations and institutional-style pricing. ProphetX recently received CFTC approval and completed a nationwide launch, after previously operating as a sweepstakes platform. The firm reported a 50% increase in active users and assets on platform during its first 30 days as a regulated market and is targeting a tripling of trading volume in 2026. ProphetX is scaling a B2B platform and partnerships and raised $35 million to accelerate product development, boost market liquidity, and expand institutional market coverage.

Participated · Series A · Oct 2023

Membrane Labs builds a modular technology platform for institutional digital-asset trading and financing. Its platform provides enterprise-grade tools to manage and settle OTC spot, derivatives, lending, and collateral-management activity. Lenders can extend credit using assets held in centralized exchange accounts as collateral, and prime brokers can offer margin trading by cross-collateralizing fiat and crypto holdings across custodial accounts, exchanges, and derivatives portfolios. The technology also enables custodians to establish OTC derivatives offerings on top of existing custody networks as an alternative to centralized derivatives exchanges. Membrane intends to use the funding to expand its customizable technology suite tailored for institutions active in spot, derivatives, or lending activities. The senior leadership team is led by CEO Carson Cook and includes former Galaxy Digital and Goldman Sachs professionals in key roles.

Participated · Series B · Apr 2023

Clear Street operates as a broker of securities and derivatives, serving clients with trading and related capital-markets services. According to documents reviewed by Bloomberg, the company generated approximately $940 million in net revenue in the twelve months ended 30 September 2025. It also posted a 2024 net profit of $89 million, a sharp turnaround from a $18 million loss in 2023. Executive Chairman Uriel Cohen and CEO Ed Tilly, the former chief executive of Cboe Global Markets, lead the company. Clear Street’s latest fundraising valued the business at $12 billion and paves the way for a near-term IPO filing. The firm has reportedly engaged Goldman Sachs, Morgan Stanley, and UBS as advisers for the prospective public listing.