Participated · Equity · Feb 2026

STS Digital is a regulated principal trading company headquartered in Zug, Switzerland, that specialises in digital-asset derivatives. Its unified platform—available via web UI, API, and voice channels—allows institutional clients to trade more than 400 tokens across vanilla and exotic options, spot markets, and structured products. Beyond execution, the firm provides liquidity and risk-management services to improve trading efficiency and market stability. Led by CEO Maxime Seiler, the company aims to be a one-stop shop for sophisticated digital-asset strategies. With newly secured capital, STS Digital plans to rapidly scale its spot and options platform while deepening its market-making capabilities. Although specific revenue or user figures were not disclosed, the company positions itself as an institutional-grade gateway to the growing crypto-derivatives market.

Led · Series B · Dec 2024

Interlace provides an enterprise-level global card issuance and digital asset management platform focused on cross-border, cross-currency and cross-system financial solutions. The company serves customers in Web3, cross-border e-commerce, B2B trade and software development. Interlace emphasizes regulatory compliance and holds PCI-DSS Level 1 security certification. It is licensed in the United States, Hong Kong and Lithuania. Led by CEO and founder Michael Wu, the company plans continued global expansion. Interlace recently completed a funding event to support that growth.

Participated · Series A · Nov 2022

Archax is a UK-regulated digital asset exchange and tokenization firm that operates an in-house tokenization platform. The company has integrated the Stellar blockchain into its tokenization tool and launched a tokenized Aberdeen money market fund on the Stellar network. The Stellar Development Foundation invested in Archax as part of a broader partnership to accelerate tokenization of real-world assets, though the firms did not disclose the investment size. Last month Archax acquired BaFin-regulated Deutsche Digital Assets to expand into crypto exchange-traded products in Europe. The company is positioning itself to serve the rapidly growing tokenized real-world-asset market, which the article cites as having doubled to $26 billion and projected to reach $1 trillion by 2030. The article does not disclose operating metrics, revenue, or valuation for Archax. Archax is an FCA-regulated UK digital securities exchange, brokerage and custodian focused on institutional clients. Its custody services are already live and the exchange platform is live while it onboards initial issuances ahead of a planned formal launch in 1Q 2023. The platform offers spot trading in Bitcoin and Ethereum and intends to list a range of tokenised assets and regulated crypto ETPs that settle in Crest with ISIN codes. Archax is working with abrdn to tokenise funds and enable institutions to trade regulated instruments representing underlying crypto assets. Membership targets broker members, family offices, hedge funds, private banks, wealth managers, investment banks, prop trading firms and market makers. Technology for the regulated market is provided by Aquis Technologies' AME and AMS running in the Equinix LD4 datacentre, while Archax has built its own matching engine, front end and APIs. Archax operates a regulated digital securities exchange and custody platform, having secured FCA approval as a key part of its go‑to‑market strategy. The company completed its exchange platform build and obtained its FCA licence in August, milestones investors cited as central to the business. Archax has raised funding to meet regulatory capital requirements needed to launch the platform. It closed an oversubscribed $8 million seed round after initially targeting $5 million, reflecting strong investor demand. Management and investors have framed the licence and capital as foundations for launching and expanding a worldwide ecosystem of next‑generation digital assets under FCA regulation.

Participated · Series C · Feb 2022

Fenbeitong is a corporate spend management startup founded in 2016 in Beijing that aims to build a one-stop SaaS+Payment platform. The company combines SaaS expense and budgeting tools with payment capabilities and supply-chain networks it developed over five years. Fenbeitong has partnered with airlines, hotels, rideshare and dining platforms and worked with multiple banks to set up digital accounts to create a seamless travel and spend management experience. Since 2019 the company has seen roughly threefold growth each year. It recently launched VoC and CE mechanisms and plans to double down on product, expand its team, and expand to all major cities in China via direct sales or SaaS channel partners. To date it has raised $300 million in total funding. Fenbeitong, founded in 2016 by Lan Xi, provides corporate expense management products that help companies manage and control expenditures through technological innovations. The company has established itself as an industry leader and has served over 1,000 corporations. In March 2020 Fenbeitong completed a $36M Series B+ financing. The company plans to use the funds to double the size of its product research and development team and further improve customer experience. Management also intends to seek more channel partners, cooperate with cross-industry players, and expand into more first- and second-tier cities in China.

Led · Series A · Sep 2019

Flowcast provides AI-driven credit and collections solutions, leveraging patented machine-learning methodologies to build predictive risk models for financial institutions. Its platform helps lenders assess risk, automatically optimize credit offerings, and continually manage changing risk across portfolios. In 2020 Flowcast launched Tillful, a consumer-facing product that uses the same core technology to offer fast, free, transparent credit scores and access to credit for U.S. small and midsize businesses. The company announced an additional $3M investment from ING and is also backed by BitRock Capital and Katalyst Ventures. Alongside the financing it announced a pilot of a platform to help global financial institutions predict borrowers likely to fall behind and take preventive measures. Flowcast was founded in 2015 by CEO Ken So and is based in San Francisco, CA. Flowcast provides enterprise-grade machine learning solutions that power smart credit decisions for Global 500 corporations, financial institutions, logistics companies, and insurance providers. Its API-based machine learning platform leverages alternative data to unlock credit at scale and enable lenders and corporations to extend and monitor credit that conventional scoring methods miss. Led by CEO Ken So, the company targets large enterprises and global lenders. Flowcast intends to use the funds to accelerate its go-to-market strategy, support global market expansion, and further product development and improvement. The company is based in San Francisco and also maintains an Asia Pacific office in Singapore.